Responding to the 2017 Autumn Budget, Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said “With costs rising and consumer demand flagging, small firms will welcome today’s business-friendly Autumn Budget. It was good to see the Chancellor’s speech acknowledge our concerns about the VAT threshold. Dragging thousands of more small firms into the hugely…

The Manufacturing sector has seen a dramatic fall in confidence in the third quarter, as Brexit talks stall and business organisations warn of increasing uncertainty across the UK. Figures in the Q3 2017 UK Credit Managers’ Index (CMI), a quarterly barometer from the Chartered Institute of Credit Management (CICM), shows a 10.6-point fall in confidence…

Blockchains that transact with one another could replace central authorities such as banks, clearing-houses and lawyers, according to a new ICAEW’s report.  Smart contracts that use blockchains could lead to widespread disruption of financial systems, according to the accountancy and finance body. With the ability to directly interact, the technology could save firms the cost…

New research from bank Cambridge & Counties Bank reveals that just one in 10 (11%) business owners describe the strength of their firm’s working capital facilities as ‘very strong’ even though the business is doing well. Nearly half (45%) described it as ‘average’ while 12% said it was ‘weak’. Despite these findings, just 29% of respondents…

The Chartered Institute of Credit Management (CICM) has to announced that American Express will be Headline Sponsor of the 2018 CICM British Credit Awards. The Awards recognise best practice and outstanding individual and group achievements. The award winners will be announced at a glittering celebration in London in February. Philip King FCICM, Chief Executive of the Chartered Institute…

Credit Reference Agency, Company Watch has become a Corporate Partner of the Chartered Institute of Credit Management (CICM). Company Watch sees itself as a ‘challenger brand’ among the Credit Reference Agencies in the UK, but already hundreds of organisations around the world rely on its financial analytics to drive their credit risk processes. Jo Kettner,…

The Chartered Institute of Credit Management (CICM) and ITN Productions have announced that they are producing a news and current affairs-style programme exploring the impact credit management has across the supply chain and the need to support the growth of businesses and the economy through healthier cashflow.  The programme will be titled ‘Credit Champions’ will aim…

Employee spend management specialist Concur, has released a major report examining the UK’s late payment culture, which is putting job creation at risk. The report, entitled Invoice Utopia, includes detailed YouGov polling of 1,233 British businesses and sheds new light on the consequences of poor invoice processes. The report highlighted the consequences of late invoice payments, with…

The number of county court judgments (CCJs) registered against businesses in England and Wales rose during the third quarter of 2017, compared with the same period a year ago, according to latest figures released by Registry Trust. During Q3 2017, there were 24,698 CCJs against businesses in England and Wales, 27 percent more than the…

Business Energy specialist, PCMG has seen UK companies spending up to seven-figure sums on TNUoS charges, which have gone up by around 160% since 2010. Transmission Network Use of System charges cover the cost of transporting electricity long distances from power stations to regional networks. They make up approximately 6% of the total energy bill…

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