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%)…

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,…

Less than a quarter (22%) of businesses believe social engineering will be a major threat in the next two to three years, despite the fact that 42% of fraud prevention managers are frequently experiencing phishing attacks, according to research by Callcredit Information Group. The research highlights the anomaly between the growing risk which social engineering…

The number of UK company directors disqualified has increased for the third year running to 1,231 in 2017/18, according to analysis from Moore Stephens. Thre research also shows that bans for disqualified directors are getting longer. The UK has tightened its disciplinary regime for rogue directors, with the number of disqualification orders increasing to 1,231…

A five-year study by the Chartered Institute of Credit Management (CICM) of the use and application of credit in driving the UK economy suggests credit managers are more confident today than in previous years, despite ongoing uncertainties over the economy and Brexit. The Changing Fortunes of credit and the UK Economy 2011-2016 report shows the Credit…

New research by the Federation of Small Business (FSB) has found that many firms are unprepared for the disruption risks that they face from internal and external threats. The data, part of wider forthcoming research into how the UK can better use supply chains, shows that 65% of small businesses and the self-employed do not…

Following the recent increase in company voluntary agreements (CVAs), the British Property Federation (BPF) has called on the government to conduct an urgent review. The BPF believes the process is now being misused, saying that this risks undermining the UK’s global reputation and deterring much-needed investment into town and city centres, at a time when it…

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