95 arrests have been made across Europe following a joint law enforcement operation targeting online fraudsters between 4 and 15 June 2018. The suspects arrested during the operation are believed to be responsible for more than 20,000 fraudulent transactions using compromised credit cards, with an estimated value exceeding EUR 8 million (£7 million). The action…

The Number of new loans to SMEs has increased in Quarter 1 according to new figures from UK Finance Commenting on the data, Stephen Pegge, Managing Director, Commercial at UK Finance said “The number of new approved loans to SMEs grew slightly in the first quarter of the year, driven in part by increased demand…

The payment delay crisis has worsened for small construction businesses in the last year, exacerbated by Carillion, according to Funding Options. Funding Options says that suppliers now have to wait over 42 days on average for invoices to be paid, up from just over 40 days on average five years ago in 2013/14. Construction businesses are…

Many firms are unprepared for the impact that disruptions from cybercrime, staff losses and severe weather can cause, according to new research by the Federation of Small Business (FSB). The data, part of wider forthcoming research into how the UK can better use supply chains, shows that only 35% of small businesses and the self-employed…

Customer non-payment continues to hamper the growth of small subcontractors working in the UK construction sector, according to a study by financial services provider Bibby Financial Services (BFS) and industry experts, The Vinden Partnership (TVP). Findings of the Subcontracting Growth 2018 research, undertaken in the aftermath of the collapse of Carillion, reveal that three-fifths of subcontractors (60%)…

Global financial automation software provider, Rimilia, a has announced a collaboration with Microsoft after being accepted onto the current cohort of the select Microsoft ScaleUp programme. The Microsoft ScaleUp programme, part of the Microsoft for Startups initiative, connects companies with new customers and channel partners and is underpinned by a $500 million investment to drive…

Three directors of a debt management company have been banned from running companies for 29 years. Robert Solloway, Mark Harrison and Richard Mott, were all directors of RMR Financial Services Limited, which traded as Compass Debt Counsellors, a debt management company. Robert Solloway served as a director throughout, while Mark Harrison and Richard Mott were…

The Services sector continues to show signs of improvement in business confidence according to the latest results (Q1 2018) from the UK’s Credit Managers’ Index (CMI), the quarterly barometer from the Chartered Institute of Credit Management (CICM). The 1.5-point increase in Services sees the index close at 54.6, a 0.3 percent climb on Q4 2017.…

A new joint report published by Cranfield School of Management and Dun & Bradstreet has found that risk in supply chain differs by industry sectors. The report has investigated the level of supply chain risk faced by European companies with international supplier relationships. The report used four key metrics – supplier criticality, supplier financial risk,…

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