SMEs are now more optimistic than pre-pandemic, predicting a 9.8 per cent increase in revenue this quarter compared to Q1 2021 – jumping to 21 per cent for the hospitality and leisure sector as lockdown restrictions continue to ease, according to research by Barclaycard. The SME Barometer polled over 670 senior staff working in UK…

The date for the third Commercial Credit & Collection conference has been confirmed as Thursday 17th June. The conference starting at 9.30 am will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide insight into new technology advancements that can help Credit Manager and Finance Directors…

In April the following administration notices have been issued and advertised in the London Gazette for the following companies: AS REALISATIONS 2021 LTD BETINDEX LTD BLACKFRIARS LTD BLACKPOOL CENTRAL HOTEL LTD BROOKS BROTHERS UK LTD BROWN MECHANICAL SERVICES LTD BUSINESS LOAN NETWORK LTD BV9 LTD C.F. LABELS LTD. CBS BUSINESS FURNITURE LTD COMPLETE ENGINEERING GROUP…

Over half (54%) of SME businesses need cash to survive with over half are banking on the Recovery Loan Scheme according to new research by Purbeck Personal Guarantee Insurance. The survey of 1000 SME business owners and directors has found that over half will seek new finance in 2021. 54% of these businesses plan to…

Ahead of submitting its formal evidence, UKHospitality has written to the Government urging it to adopt its proposals to help tackle the £2.5 billion rent debt crisis that threatens to wreck the hospitality sector’s recovery and risks further widespread job losses. For more than a year, the trade association has been highlighting the existential threat…

The Covid-19 pandemic has wiped a staggering £80.8bn off hospitality’s sales in just 12 months, the latest edition of the UKHospitality Quarterly Tracker with CGA reveals. The Tracker shows sales from the start of April 2020 to the end of March 2021 totalled £46 billion, down by 64% on £126.8 billion in the previous 12…

The Insolvency Service has released its latest Quarterly business insolvency for England & Wales, figures which have indicated that there were 2,384 seasonally adjusted corporate insolvencies in Q1 2021, a reduction of 21.9% compared to Q4 2020’s figures of 3,053 and a fall of 38.3% compared to Q1 2020 (3,863). Colin Haig, President of insolvency and…

The number of empty shops has risen, with one in seven now vacant, according to new research by the British Retail Consortium (BRC). The quarterly report found that in the first three months of 2021, the overall vacancy rate increased to 14.1%, from 13.7% in the previous quarter. This was 1.9 percentage points higher than…

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