The differential between store closures and openings has reached a five year high in the first half of 2019, where a net 1,234 shops closed doors on Britain’s top 500 high streets. This constitutes around 16 shop closures each day across the UK, often in response to increasing proportions of business moving online. The biggest […]
Metro Bank has announced a trio of fintech and SME partnerships, in a move that will support hundreds of thousands of SMEs up and down the country. The new partnerships come as Metro Bank sets about injecting much needed competition into the small business banking market – deploying the £120 million funding it was awarded […]
The Office for National Statistics (ONS) first estimate of retail sales for September reveal the amount of goods bought by shoppers fell -0.2% compared to August, and that online sales stalled even more dramatically, says the home delivery expert ParcelCompare. ParcelCompare’s head of consumer research, David Jinks MILT says: ‘We have grown used to e-commerce […]
Annually, thousands of businesses fall victim to fraudulent customers. Footlocker, for example, recently got swindled for 1.8m euros by a fake company called Ups Consultancy. This case also involved ING being fined on grounds of negligence in its due diligence of fraud and was widely reported on in the media. So, fraud not only leads […]
Lenders battling for the custom of Brexit-wary SMEs are offering some amazingly competitive deals, a leading financial broker has said. Karina Gallagher says there has been a huge shift in the landscape in recent weeks, with lenders aggressively pricing funding to win business. It comes against the backdrop of many businesses holding back on accessing […]
One third (33%) of UK businesses are concerned about the potential impact Brexit will have on their suppliers and customers, according to new research from R3, the insolvency and restructuring body. The research, a survey of 1,200 senior business financial decision-makers, carried out for R3 by BVA BDRC, found that 11% of businesses have reviewed […]
Almost three million small and medium-sized businesses (SMEs) in the UK are at ‘high risk’ of losing valuable commercial information by failing to back up their data or storing electronic copies in the same location as the original information, according to a new study by Beaming, the business ISP. ● Beaming’s study, which was conducted […]
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