British Business Investments today announces a new £20m Tier 2 facility for DF Capital. This investment will help DF Capital provide an additional £300m+ of new lending per annum, to existing and new UK SME vendors and dealerships. The investment has been made through British Business Investments, a wholly-owned commercial subsidiary of the British Business […]
New research from American Express finds that a majority of small and medium sized businesses are keeping a laser focus on boosting sales in the period ahead, by ramping up marketing activity and investing in new products and services. American Express’ annual Business Barometer surveyed 1,000 UK SMEs and found that almost two thirds (64%) […]
The latest research from Bibby Financial Services (BFS) reveals that small and medium sized (SME) manufacturing businesses across the globe are being significantly impacted by current economic conditions. Indeed, four in ten (40%) manufacturers surveyed across nine key international markets agree that global business conditions are worse now than during the pandemic, and over a […]
The Chartered Institute of Taxation (CIOT) has welcomed HMRC’s acknowledgement that their handling of some research and development (R&D) tax relief claims has not met their own standards and commitments under their Charter, and that they are taking steps in response to improve their training and assurance processes. However, the Institute remains concerned that HMRC’s […]
Work-life balance is leading driver behind the ‘marked rise’ in the number of women founding businesses across the UK, according to research from Small Business Britain. The research revealed that 39% of female entrepreneurs launched their business in order to improve their work-life balance. It was also found that 25% jumped into entrepreneurship having reassessed […]
The BCC has called for action to improve the availability of finance for SMEs as accessibility, awareness and a lack of competition continue to hold firms back. In written evidence submitted to the Treasury Select Committee today, the BCC said many smaller firms are no longer seeking finance as they consider it too limited and costly. The committee has launched an inquiry into the challenges faced by small […]
A new investigation into start-up loans in the UK has revealed that the British Business Bank awarded almost 10,000 start-up loans to businesses throughout the 2022/23 financial year. BusinessComparison wanted to examine the regions receiving the most government start-up loans and investigate which UK cities are start-up ‘hotspots’. To do so, they sent FOIs to […]
9 in 10 small to medium-sized law firms are optimistic about their financial performance in the coming year, a new legal benchmarking survey commissioned by NatWest has found. Published today (1 September), NatWest’s ninth Legal Report looks at the financial health of 68 SME law firms across England, Scotland and Wales with median annual fees […]
New data from HM Revenue and Customs (HMRC) obtained by MHR, the HR, payroll and finance expert, shows the drastic effect of incorrect or absent payroll reporting on the bottom line for UK businesses. Penalty charges, issued by HMRC to firms who repeatedly infringe on payroll reporting requirements, total £75,154,200 since 2020. Over a quarter […]
British Business Investments today announces it has committed £30m to the Panoramic SME III fund as part of a final close of £100m. This commitment will allow Panoramic to fund growth opportunities and management transitions for smaller businesses across the UK. Panoramic, based in Glasgow, is an established fund manager that invests across the UK […]
