The UK economy is missing out on a vital boost as new research reveals small-and-medium sized businesses (SME) are sitting on £86bn of dormant cash in current accounts paying little or no interest. Shawbrook Bank’s inaugural SME Savings Monitor reveals this is also causing smaller firms to miss out on billions of pounds in interest. […]
SMEs are the backbone of the UK economy but are often one of the first to feel the impact of changes to the economic climate or supply chain disruptions. Research carried out by Aldermore, the specialist bank, on how prepared SMEs are when disruptions occur shows the delicate situation they find themselves in. One in […]
Audit, tax and consulting firm RSM has announced major growth plans for its creditor services business, including substantial new investments in products, people and premises. Controlling credit risk As part of a long-term strategy, the firm is further enhancing its product portfolio designed to help businesses manage credit risk among suppliers and customers. Significant investments […]
A survey of 500 small business owners across the UK not only confirms the all-consuming nature of running a small business but has uncovered the differences between men and women in their ability to switch off from work. The survey by Purbeck Insurance Services, the provider of Personal Guarantee Insurance to small business owners across […]
Government could be doing more to ensure that its activities to support businesses are aligned and well-co-ordinated, according to the National Audit Office (NAO). The NAO has published two reports today. The first, Business support schemes, looks at the management of the support government, particularly the Department for Business, Energy and Industrial Strategy (BEIS), provides […]
The National Audit Office (NAO) has today published a value for money study on the British Business Bank, in particular examining its impact on SMEs’ access to finance and its preparedness to respond to future challenges. Commenting on the report, British Business Bank CEO, Keith Morgan, said: “We welcome the NAO’s findings that the British […]
The agreement offers our brokers a range of products appropriate for portfolio landlords, HMOs, MUFBs, first time landlords, limited companies and new build properties. As the regulatory and economic landscape of the buy-to-let market becomes more complex, lenders need to be flexible and expect to meet the needs of intermediaries and landlords alike. This partnership […]
Late payments are hitting the mental health of small business owners, according to research published today by Pay.UK, which runs the Bacs Direct Credit and Direct Debit payment services. More than a quarter (26%) of SME business owners stress about late payments even when they are not at work; 17% say that payment delays undermine […]
New research by PeoplePerHour brings a very positive spin to the story, with the pay gap between male and female freelance workers now at an all-time low of just 2.3%, or £0.45 per hour in real terms. With the national gender pay gap remaining at a staggering 14%, this is incredibly positive news for freelancers. […]
Specialist finance provider 1pm has just announced record levels of new business in its half yearly financial update as demand for non-bank finance from SMEs continues to grow. The firm has reported a 7% increase in the value of new business it has won during the first six months of its current financial year to […]
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