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…

Responding to Queen’s Speech in Parliament, the Federation of Small Businesses (FSB) is calling on the Government to take urgent action to end ‘debilitating late payment crisis’. Federation of Small Businesses National Chairman Mike Cherry said “The success of mu”ch-needed levelling-up initiatives will hinge on their ability to reach the 5.9 small businesses and sole…

Atradius’ latest Insolvency Forecast reports Polish insolvencies are expected to grow by 7% this year after remaining static in 2020. As a response to the pandemic, comprehensive stimulus measures supported many Polish businesses, enabling them to sustain their cash position. However, this support is expected to expire this year as the economic rebound gains momentum.…

UK companies are expected to borrow a net £19 billion this year, far less than the £26 billionn initially forecast by experts in February as the economy rebounds quicker than anticipated and the demand for loans to support cashflow reduces, according to the latest EY ITEM Club Interim Bank Lending Forecast. UK GDP is now…

Cybercrime and online fraud have risen sharply over the past year, with criminals exploiting the Covid-19 pandemic. Research by BAE Systems showed that three quarters of financial services firms have experienced an increase in digital crime since the pandemic began in March 2020, including coronavirus-related fraud and phishing or ransomware attacks.  The research indicates that…

As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support. However new research from Nucleus Commercial Finance today reveals business owners are lacking awareness and understanding of the Government support schemes on offer. The research of SME leaders found nearly one…

A new trading report into the Turkish market has revealed an expected decline in insolvencies this year. The report by trade credit insurer Atradius has revealed that the economic impact of the Covid-19 pandemic had upon the country which managed to avoid recession in 2020. Turkish GDP grew 1.8% in 2020 despite the adverse conditions of…

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