London’s small and medium-sized enterprises (SMEs) are increasing their tech budgets, allocating over half of their annual revenue to technology investments, according to a report by Barclays. In the capital, 64% of SMEs, are turning to technology investments to increase productivity and 43% are doing so to future-proof their company. This is compared to 45% […]
A new report from Rimm Sustainability reveals an impressive level of commitment to sustainability practices amongst UK SMEs. The report, “Leading the Charge on Sustainability: Moving from Awareness to Action” canvasses the views of 500 C-suite executives from SMEs from a range of industries across the UK, and explores the level of awareness, commitment and […]
The number of UK sectors reporting output growth dropped to its lowest in eight months in July, as demand for goods and services tumbled in the face of persistent cost-of-living pressures, higher interest rates and unseasonably wet weather, according to the latest Lloyds Bank UK Sector Tracker. Of the 14 UK sectors monitored by the […]
As the deadline to provide evidence for the Inquiry into SME Finance draws close, new data shows that the founders of start-up businesses in the UK are increasingly facing demands to sign a personal guarantee as security for a business loan. Analysis of applications for personal guarantee insurance (PGI) by Purbeck Personal Guarantee Insurance, shows […]
New research from Premium Credit shows more than 550,000 SMEs are currently struggling to pay tax bills with Corporation Tax and VAT top of the agenda. The study by the leading provider of finance for companies’ tax bills with SME owners and managers found the rising cost of living is adding to the pressure but issues […]
In a bold step to unravel where tomorrow’s business leaders are really coming from, Novuna Business Cash Flow scoured LinkedIn data of nearly 2.8 million alumni from 121 universities. The findings? A fascinating blend of familiar names and unexpected contenders in the entrepreneurial arena. The Standouts: Index Rank University Region Guardian 2023 Rank* % of […]
An increasing number of businesses are looking for funding to take practical steps to further enhance and improve their sustainability credentials, according to Allica Bank, the digital relationship bank dedicated to serving established British SMEs. Its latest survey of asset finance brokers showed almost two thirds (65%) have seen a rising demand in the […]
New research from global SME funder, Bibby Financial Services, reveals that 2023 is the worst economic environment for small and medium sized enterprises (SMEs) in 15 years. Findings from the 2023 Global Business Monitor, which surveyed SME owners and decision makers from nine countries, show inflation (55%), energy costs (49%) and uncertainty over local economies […]
Almost 100,000 rural microbusiness have been started in the past 12 months, with female entrepreneurs at the heart of the booming countryside economy. Data from Venture Forward, an annual international research initiative by GoDaddy that analyses data from more than British 2.3 million microbusinesses, shows that 25.9% of Britain’s microbusinesses are based rurally, up from […]
HMRC have increased the interest rates payable by taxpayers on late payments, to 7.75% – up from 7.5%, the highest interest charge on late payments since ca. 2001, say leading tax and advisory firm Blick Rothenberg. Robert Salter, a tax technical consultant with the firm, said: “With the recent increase in the Bank of England’s […]
