The number of manufacturing businesses entering insolvency has hit a five-year high rising 7% to 1,466 in the last year (to 30 September 2019) up from 1,373 the previous year, says chartered accountants and business advisors, Moore. Moore says that the rise in manufacturing businesses going insolvent is being driven in part by Brexit-related uncertainty […]
UK SMEs are reaping the benefits of going on international business trips and winning new business as a result. New research from the British Airways American Express® Accelerating Business Card has found nearly two thirds (62%) of UK SME leaders have taken international business trips in the past two years and more than a quarter […]
Monetary Authority of Singapore (MAS) and Union Bank of the Philippines (UnionBank) through its fintech subsidiary, UBX signed a Memorandum of Understanding (MoU) at the Singapore Fintech Festival 2019 (SFF) making UnionBank the first Philippine partner for the MAS Business Sans Borders (BSB) project which empower small and medium enterprises (SMEs) globally. BSB is an […]
Over half (54%) of the UK’s SMEs, equating to 3.1 million businesses, admit they had not prepared in any way for Brexit ahead of the 31 October deadline according to the latest Q3 SME Confidence Tracker from Bibby Financial Services. Fewer SMEs are investing and the amount they are investing on average has also fallen. […]
New research released today highlights the plight of poor payment practices on UK small businesses, with around 56.4 million hours of time taken up chasing overdue and late payments annually. Which, for the typical small business, is more than a working week spent every year, just chasing down money that’s owed – time that could […]
HMRC has reduced the number of approvals it gives for the funding of small businesses through the Government’s flagship Enterprise Investment Scheme (EIS). HMRC approved only 62% of the total of 3,270 requests from SMEs to raise money through the EIS submitted in 2018/19, down from 75% in 2017/18* (year-end April 5), says Growthdeck, the […]
Independently owned corporate finance adviser, Castle Corporate Finance, is a proud sponsor of the Scale-Up category at the Lloyds National Business Awards. Castle is advising an increasing number of businesses and owner managers on their scale up ambitions, through both organic expansion and via acquisitions, despite the current uncertainty of the last three years with […]
New account is created in seconds for real-time payments and bank reconciliation First ever bank SME intermediary payments solution for cloud accounting platforms Real-time payments integration made available to Xero’s 450,000+ UK SME customers in the first instance CreDec, the non-bank payment service provider, has today launched its Virtual Account, a market-leading first in real-time […]
IPSE (the Association of Independent Professionals and the Self-Employed) has responded to new research by Robert Half UK, warning that it shows the extent of business anxiety about the changes to IR35 due in April 2020. The research shows that three out of five (62%) medium and large private sector businesses are concerned about missing […]
RICS UK Residential Market Survey, October 2019 New buyer enquiries, sales and new instructions (supply) still downbeat Prices broadly flat at the headline level for a third straight report Tenant demand rises again as landlords continue to exit the sector The October 2019 RICS UK Residential Market Survey continues to show a subdued sales market, […]
