While the rest of the nation is kicking back, the UK’s hard working entrepreneurs are burning the midnight oil, with an unusual number of small businesses buying business insurance during national holidays and in the early hours of the morning. Insights from small business insurance provider Simply Business revealed 3,000 business owners bought insurance on […]
The agreement, which will enhance economic growth across the UK, will also boost overall availability of the UK’s warships and submarines. It will see far greater access from the Ministry of Defence directly to small and medium-sized enterprises (SMEs), allowing them to bid for work under a seven-year framework worth up to £850m. The Marine […]
GC Business Finance, a not-for-profit lender specialising in simple, hassle-free loans to help businesses start, grow and thrive, has become a patron of the National Association of Commercial Finance Brokers (NACFB), the UK’s largest independent trade body for commercial finance brokers. GC Business Finance currently offers a number of products, including acting as Business Support […]
Duncan & Toplis, with 19 other leading business advisory firms, is calling on the new government to offer meaningful support to small businesses. The company, which is a member of the Association of Practising Accountants (APA) and one of the largest accountants and business advisers in the Midlands, says there is a real opportunity for […]
Louis Taylor, CEO, British Business Bank, said: “In the last year, the British Business Bank has performed above expectations against a backdrop of challenging market conditions, making funded commitments of £2.3bn across our programmes. The impact of the activities we carried out in 2023 is expected to be the creation of 39,400 additional jobs and […]
Birmingham broker Navigate Commercial Finance has announced year on year growth after posting a 142% increase in revenue and 180% rise on lending and approved facilities. Navigate Commercial Finance acts an outsourced commercial finance team for their clients. The new funding facilities secured over the past 12 months has resulted in a total of 106 […]
Welcoming the findings and recommendations of the SME Finance Taskforce Smart Data to Unlock SME Lending Report, Todd Davison, MD of Purbeck Personal Guarantee Insurance says: “We applaud the actions proposed by the SME Finance Taskforce to get credit to businesses that need it by addressing the issues and barriers within the SME lending market. […]
Online-only or ‘faceless’ banks are becoming a more familiar part of the UK banking landscape, with increasing numbers of businesses managing their finances through digital-only providers like Starling or Monzo. To uncover attitudes towards digital versus traditional business banking, NerdWallet UK surveyed 1,000 business owners and decision-makers of UK small to medium-sized enterprises (SMEs), asking […]
Small and medium-sized businesses in 11 UK regions are being targeted as part of a crackdown by HMRC on perceived non-compliance with the National Minimum Wage (NMW). Belfast, Birmingham, Bradford, Cardiff, Cornwall, Cumbria, East Anglia, Glasgow, Liverpool, the North East, and Watford are being specifically targeted by the tax authority. Businesses found guilty of non-compliance […]
High street banks are ripping off their small and medium sized business customers by offering them excessively low rates of interest on their savings. Allica Bank’s latest independent tracker, which monitors interest rates offered to SMEs, has shown that big British banks are still offering an average rate of just 1.39% to small business on […]
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