Persistent low confidence holds back SME borrowing with CYBG’s SME Health Check Index falling by 6.6 points to 48.5 in the first quarter of 2019. this is the lowest level for a year. Despite the gloomy top-line figure, and persistent low confidence amongst the country’s SMEs, there are grounds for cautious optimism with GDP and…

Almost half (44%) of UK businesses avoid or delay paying bills due to issues within their cashflow. Other commonly cited reasons for non-payment of invoices include receiving an incorrect invoice (21%) and corporate bureaucracy (20%). These were some of the findings of the FinTech Barometer 2019, an annual survey conducted among 1,000 finance professionals by…

The Financial Conduct Authority (FCA) has published the final report on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG). This follows the update provided in July 2018 on the investigation. In that update, the FCA said that given the…

Companies around Europe predict increased bad debt losses, later B2B payments and higher debt risks are ahead, according to the European Payment Report from pan-European credit management firm Intrum. Across Europe, the 2019 report shows an increase in bad debt losses, following several years of declining write-offs. Almost one-fifth (18%) believe their country is already…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2018. New business in the plant and machinery finance and business equipment finance sectors was up by 8% and 9% respectively, while commercial…

The Bank of Mum and Dad has been integral in funding the property sector, with one in four housing transactions in the UK reliant on funding from family. New research from Worldpay has found that family funding is also supporting the UK’s dynamic small business scene, with one in in ten entrepreneurs surveyed looking to…

Access to financing for European small to medium-sized enterprises (SMEs) has been steadily improving as a result of the very accommodative monetary policy of the European Central Bank (ECB), which has improved credit availability and reduced interest rates. This improving access to finance has, however, made European SMEs heavily reliant on banks as an external…

Seven in ten (70%) businesses that have attempted to raise capital have failed at least once, according to the new report from Smith & Williamson, the financial and professional services firm. Securing funding is often critical to helping businesses scale quickly and maximise their potential. However, it’s often not plain sailing. Two in five (39%)…

More than half of small business owners say they want more help managing their finances, with almost a third adding they have lost sleep over money matters as Brexit continues to dominate the UK economy according to a report funded by small business finance broker Funding Options. Fifty-one per cent of small firms said they “need…

The UK’s top 100 restaurants made an £82 million loss in the last year, down from a pre-tax profit of £102 million twelve months ago according to new research by UHY Hacker Young. Pre-tax profits at the UK’s Top 100 restaurant groups have fallen from £345 million since the first quarter of 2017. The huge…

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