British Business Investments today announces a £15m follow-on investment into North-West based Universal Leasing Limited. The investment, which follows an earlier £12m commitment made to Universal Leasing in 2018, allows the company to further increase its support for smaller businesses. The transaction will be structured as a block discounting facility that will allow Universal Leasing […]
As the number of self-employed women entrepreneurs has increased by 75% since 1995, new research has revealed the UK regions with the most self-employed women. The business experts in the money.co.uk business loans team have taken a deep dive into data to reveal the state of women’s entrepreneurship in the UK, from the number of self-employed women […]
Accountants and financial advisers are becoming increasingly concerned about their clients’ ability to pay important tax bills, new research from Premium Credit, a leading provider of finance for companies and business owners tax bills, shows. Almost all (98%) of the accountants and financial advisers supporting clients with tax say the numbers struggling to pay bills […]
A survey conducted by the Chartered Institute of Taxation (CIOT) has found widespread dissatisfaction with HMRC service levels among both tax agents and taxpayers. A majority of respondents say that poor service levels make it harder to do business, and that they doubt improvements will be made in the coming year. The online survey was […]
A ‘ONCE IN A GENERATION OPPORTUNITY’ TO MODERNISE INTERNATIONAL TRADE TRANSACTIONS Today, the Electronic Trade Documents Act comes into force, enabling all companies using English law when trading internationally to remove paper and transition to fully paperless system. Prior to the commencement of the Act, trade suffocated under antiquated laws which required key international trade […]
According to new customer data from embedded banking provider, BankiFi, businesses from a wide range of sectors continue to trust payment links such as SMS, email and QR codes when requesting payment on invoices, particularly when the relationship between buyer and sellers is already known. The trend comes despite years of warning from banks about […]
European indices open lower and FTSE 100 is flat after falls in Asia amid nervousness ahead of Fed meeting. Investors wait for eurozone inflation numbers for clues as to high long rates will stay elevated Crude oil prices stay high, with Brent Crude trading around $95 a barrel amid forecasts of lower US shale production. […]
Shawbrook has increased the rate on its Easy Access Business savings account (Issue 10) to 3.35% AER (gross). As a result, it now holds the top spot as the best choice for businesses seeking an Easy Access Business savings account. Shawbrook’s Easy Access account (Issue 36) has also seen an increase – moving to 4.95% […]
Susannah Streeter, head of money and markets, Hargreaves Lansdown: “A watchful mood is settling ahead of the key interest rate decisions this week amid wariness about the latest twist in the Chinese property crisis. The FTSE 100 has opened flat, with little to spur investors’ interest as they remain cautious ahead of key central bank […]
The number of registered company insolvencies in August 2023 was 2,308 – a 19% jump from 1,941 in the same month last year, according to new figures. These figures are also higher than pre-pandemic levels. There were 221 compulsory liquidations in August 2023, up 45% year-on-year. Numbers of compulsory liquidations have increased from historical lows […]
