Credit, Collections & Insolvency News
New research by UHY Hacker Young has shown that the average UK SME does not have enough cash to cover debts due in the next year. UHY’s analysis of the balance sheets of more than 13,500 SMEs in the UK shows that the average SME now has only 95% of the cash (or other easily…
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The Institute for Fiscal Studies (IFS) has warned against rising poverty as a report suggests the young and low-paid will be worst affected by business shutdowns during the coronavirus crisis.The study noted that employees aged under 25 were about two and a half times as likely to work in a sector in effective lockdown because…
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Business advisory firm Quantuma has promoted marketing expert, Marie Wadeson and restructuring specialist, Simon Campbell to the position of Partner. Wadeson joined the firm as head of marketing in 2016. She has more than 15 years’ experience in senior positions, including eight years at global accounting and audit firm Mazars where she was responsible for…
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The Financial Conduct Authority (FCA) has set out its business priorities for the year ahead – with specific focus on the challenges presented by the coronavirus (Covid-19) pandemic. In responding to the challenge of coronavirus the FCA will focus on ensuring that financial services businesses give people the support they need, that people avoid scams,…
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