Retailers take out merchant cash advances in November and December ahead of Christmas rush and New Year sales Surge in demand expected in January as independent retailers look to manage cashflow With Christmas just around the corner, 365 Business Finance has revealed a 174% year-on-year increase in merchant cash advances for retailers during the months […]
Despite an intense political climate and uncertain economic ground over the third quarter of this year, business confidence is stable. This is reflected in the latest SME Health Check Index, which shows a bounce back from the lowest ever recorded score in Q2. The report from Virgin Money UK, owner of Clydesdale and Yorkshire […]
The latest Late Payment’s research from BACS makes sobering, if shocking reading, according to Eazipay Ltd, one of the UK’s leading automated payment processing companies. Far from continuing the downward trend of recent years, the late payment burden shouldered by UK SMEs has rocketed – up from £13bn in 2018, to £23.4bn today. An increase […]
Three-fifths of UK organisations are still not ready to report their executive pay gap almost twelve months after the legislation came into force, reveals a new Twitter poll by leading HR and Payroll software and services provider MHR. New legislation introduced in January 2019 means UK listed companies with more than 250 employees are obliged […]
Noting that the UK’s seven major financial institutions all passed the Bank of England’s latest annual stress test, S&P Global Ratings said the results were not a surprise given that the groups are comfortably positioned relative to current regulatory capital and leverage requirements, including buffers. The results confirm the balance sheet resilience of the major […]
New legislation coming into effect on 6th April 2020 will see HRMC gain preferential treatment over non-preferential and floating charge holders; in particular those banks who have insolvent customer debts or security. While HMRC are able to reclaim the £185m per year it currently loses when VAT, PAYE, income tax, student loan repayments, employee National […]
Hertfordshire small businesses can now access a free business support programme ‘Get Enterprising’, which gives them fully-funded access to specialist support and opportunities to help them expand and grow. Get Enterprising will be delivered by leading social enterprise, Wenta, and funded by Hertfordshire Local Enterprise Partnership to enable early stage businesses across the county to […]
Responding to the latest ONS retail job figures for Q3 2019, Kyle Monk, head of retail insights and analytics at the British Retail Consortium, said: “Overall, the UK has added 576,000 new jobs compared to a year ago (using 4Q averages). There are 36,000 fewer jobs in retail than there were a year ago, making […]
Despite forecasts of poor turnouts and a number of retailer boycotts, November’s annual discount days set online sales soaring last month, with a growth rate of +16.4% year-on-year (YoY), according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. This was not only the highest growth […]
Praetura, the group of companies that provides alternative finance to SMEs, is expanding with the launch of a £40m fund designed to provide rapid finance to professional services firms. Praetura Enterprise Finance aims to support professional services firms – such as accountants, solicitors and other practices – and SMEs from other sectors with funding that […]
