12th August 2022 - Credit Connect

Third of SMEs say business survival is dependent on financial access

12th August 2022 Commercial Collections and Recoveries | #business insolvencies

One in three UK small and medium enterprises (SMEs) say their survival is dependent on accessing finance by the end of the year, new research from NerdWallet has revealed. The company surveyed 500 senior decision-makers within UK SMEs. It found that 33% fear their business will collapse if they are unable to access finance (such…

Repossessions by county court bailiffs increase 1,611%

12th August 2022 Arrears and Recoveries | #repossessions

Latest figures from the Ministry of Justice have shown that mortgage and landlord possession statistics (April to June 2022) have indicated that repossessions by county court bailiffs increased from 45 to 770 (1,611%). Mortgage claims, orders, warrants and repossessions have also increased significantly when compared to the same quarter in 2021. Compared to the same…

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Third of SMEs say business survival is dependent on financial access

Repossessions by county court bailiffs increase 1,611%

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