The Financial Intermediary & Broker Association (FIBA) is asking members and non- members to heed the warnings in the Bank of England’s latest quarterly credit conditions survey about lenders cutting access to funding in Q4 and beyond. The BoE survey points to a deteriorating funding situation for businesses, including SMEs, with a deteriorating economic climate […]
Growth Street today announced the launch of a new digitally-driven growth strategy. Over the past year, Growth Street has been developing new data and risk profiling capabilities to enable it to adopt a purely digital focused approach. This realignment is based on extensive analysis of Growth’s Street’s data, which shows consistently that SMEs have a […]
New research finds that only a very small number of the UK’s SMEs (5%) say increased uncertainty over the last three years has not cost their business in terms of lost revenue or turnover. On average, respondents estimated that the increased uncertainty of the last three years has cost their business over one million pounds […]
SME finance platform, Alternative Business Funding (ABF) has announced a £6m fundraise, as it aims to rapidly expand – increasing company registrations to over 160,000 and helping these businesses find over £500mn of finance in just five years. ABF, which has designated status as approved by HM Treasury on the recommendation of the British Business […]
In the first poll of UK business owners since the 2019 general election was announced, business finance company MarketInvoice sought their views on voting intentions, expectations and challenges ahead. The election The MarketInvoice Business Insights survey found that most business owners (42%) are nervous about the general election, as two-thirds (67%) anticipate a hung parliament. […]
Aldermore’s Future Attitudes report has found that 70% of business owners at small and medium-sized businesses (SMEs) have no contingency plans in place for senior staff departures. Aldermore says contingency planning for senior staff exits is crucial to ensure business continuity. Having clear processes in place can help minimise the potential financial damage to a […]
Chartered Accountants Wylie & Bisset is advising family business owners that a key element to a successful succession strategy is to take account of the tax implications in doing so. With a recent survey suggesting 80% of family owned business owners believe it is important to involve family members in the business with 78% saying […]
Responding to today’s report from the House of Commons Treasury Select Committee on the impact of business rates on business, Phil Hall, head of public affairs and public policy, AAT, said: “AAT believes that the current business rates system needs an overhaul, and this report from the Treasury Select Committee is an important first step […]
City of London Group Plc (COLG) is very pleased to announce that, during November 2019, its subsidiary, Recognise Financial Services Limited, will be formally submitting its application to the Prudential Regulatory Authority (and the Financial Conduct Authority) to be authorised as a bank. Recognise, has an independent, fully constituted Board under the chairmanship of Philip […]
Commenting on the Q3 2019 (July-September) England & Wales insolvency statistics (published this morning by the Insolvency Service), Duncan Swift, president of insolvency and restructuring trade body R3, says: Underlying corporate insolvencies (seasonally adjusted) rose by 0.4% in Q3 2019 compared to Q2 2019, and rose by 1.6% compared to Q3 2018. “Today’s figures are […]
