The value of bad debt suffered by small businesses has surged by a staggering 127%, according to a report by SME funder, Bibby Financial Services (BFS). According to the latest SME Confidence Tracker, businesses have written-off an average of nearly £40,000 in unpaid invoices in the last 12 months, up from an average of £17,500 […]
In response to a Fraser of Allander Institute report results highlighting a growing mismatch between the skills available and those demanded by employers, Wbg, one of Scotland’s leading independent specialist full-service accountancy firms, is advising SMEs to consider outsourcing. The report references one in four Scottish employers reporting vacancies, with a third of these classified […]
Activity at small and medium-sized businesses fell marginally in September, while new work and employment numbers continued to grow, the latest NatWest SME Growth Tracker has found. The NatWest UK SME Business Activity Index – which measures month-on-month changes in the combined output of SMEs – scored 49.3 in September, down from 50.3 in August. The […]
Nearly half (49%) of small businesses say they have not benefited from falling inflation this year, according to a new poll commissioned by iwoca — one of Europe’s largest SME lenders. The research, which comes ahead of the ONS’s latest inflation statistics, also reveals that the cost of doing business is too high for half (50%) of […]
Growth Lending, a leading UK-based independent asset manager specialising in funding fast-growth small and medium enterprises (SMEs), has announced a significant funding partnership with Aros Kapital, a leading provider of tailored capital solutions to funding platforms. This partnership is expected to deploy £1bn worth of loans over its initial 5 to 6 year duration, providing […]
THE number of small or medium-sized firms claiming research and development (R&D) tax credits has dropped by 23% in a year, the latest statistics from HM Revenue and Customs (HMRC) have revealed. This decrease has been put down in part to changes in the way claims are administered which require business to submit much more […]
Start Up Loans, part of the British Business Bank, has today launched a new, free, interactive resource for aspiring business owners, called the ‘Essential Guide to Starting a Business’. The guide has been developed to provide useful and jargon-free guidance to help small business owners navigate the current small business landscape. The resource contains a […]
As UK businesses brace for a challenging autumn budget, experts have revealed how several industries, already facing significant investment declines, are likely to struggle even further. Securing funding is crucial for startups in any sector to launch and scale a business, and with the autumn budget just weeks away, access to finance tops the list […]
The bank of mum and dad has a huge part to play in funding many UK startups, with 20% of businesses funded by inheritance and a further 19% by parents, according to new research from wealth manager Charles Stanley. The research, which sheds light on how business owners are funding and starting their businesses, indicates […]
Updated research into the business savings market by Allica Bank has revealed that the UK’s small firms are now being short-changed by up to £9bn a year by the UK’s broken business savings market – a massive 20% increase in the past year since Allica’s first research into the market The significant increase in lost […]
