The latest MarketFinance Business Insights charts late payment trends between 2013 and 2019, analysing over 100,000 invoices. The data sheds light on how long SMEs are waiting to be paid, how late these payments were and the impact. The analysis suggests that businesses typically agree 45-day payment terms from completion of work or delivery of […]
Leading digital bank Starling researched the UK’s gender pay gap using variables of age and sector to uncover just how much pay differs between the sexes. Data was taken from the Office for National Statistics (ONS) 2019 report, Annual Survey of Hours and Earnings (ASHE) and refers to the most recent 2018-2019 tax year. New […]
Benign economic conditions and low debt servicing costs have helped UK banks to maintain a low level of domestic credit losses in recent years. We estimate that such losses will be around £9bn, or just 0.32% of domestic loans, this year. 2019 losses would need to rise to around £18bn – double our estimate–to reach […]
Marketplace lender Assetz Capital has bolstered its headcount with the appointment of five new relationship directors since the beginning of November as it approaches its £1bn lending milestone. Lee Francis has over 20 years’ experience in the corporate banking sector, having held senior positions at Santander and Clydesdale Bank as relationship director in the London […]
The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China’s ocean and air imports in certain sectors look set to remain strong as domestic consumption drives the economy amidst an overall decline in […]
NatWest has today announced it is opening its doors to new applications to join its in-house Entrepreneur Accelerator programme, offering a fully funded support programme for UK scale-ups and high growth businesses looking to scale and succeed. The bank is now accepting applications from growing businesses with ambition to scale to join the programme, with […]
Investec Capital Solutions is pleased to announce the launch of the Investec Flexible Trading Account. Investec is offering the Flexible Trading Account, a multifaceted solution which supports growth by providing working capital and cashflow throughout the buying and sales cycle with FX and hedging facilities. This account is designed to help clients, especially exporters and […]
New research from FreeAgent conducted on 2000 self employed people in the UK, today reveals that more than half (57%) don’t know what IR35 is. The sets of tax legislation encompassed by IR35, designed to combat tax avoidance by workers and the firms hiring them, is unknown to over half of the people most affected […]
As of the 25th November 2019, new SRA regulations allow solicitors to practice in unreserved matters using the title ‘solicitor’. Many solicitors have been providing legal services through unregulated and regulated practices for a number of years, but without official endorsement from the SRA. The new regulations also now state officially that professional indemnity insurance […]
Esme Loans, the SME digital lender backed by NatWest, has today achieved £100m of lending to UK SMEs. Esme started life in February 2017 in pilot, with the aim to provide end to end business loans to UK businesses in less than one hour, using a digital platform based on technology provided by Israeli fintech […]
