Businesses across the UK are recognising the need to ‘future-proof’ by seeking support and advice to build their business resilience and guard against unforeseen challenges, according to new research from leading SME funding partner Ultimate Finance, which found that more than half (58%) of SMEs have invested in resilience in some form over the last…

Insurance company Ageas UK has appointed Jonathan Price as its new Chief Financial Officer (CFO) In his role as CFO for Ageas, Price will have primary responsibility for financial planning, management of financial risks, and financial reporting for the UK business. Price has a wealth of knowledge of the UK Insurance industry coming to Ageas directly…

There was an almost 30 percent increase in the number of adverse county court judgments against incorporated businesses in England and Wales in 2018, according to figures released by Registry Trust. The number of CCJs against incorporated businesses was up by 27 percent at 93,534, though this was counterbalanced by a fall in judgments against…

Ahead of the Spring Statement next month, the Federation of Small Businesses (FSB) has announced a ‘Fair Pay, Fair Play ‘ campaign as it  calls on Government to enlist the help of Non-Executive Directors to help strengthen payment enforcement and adopt Project Bank Accounts in public procurement, as three key reforms that will help end the…

Lenders could find it much harder to enforce cross border debts in the event of a no deal Brexit, RSM has warned. Currently, European regulations facilitate the collection of cross border debts within the EU, notably through the use of European Enforcement Orders. These allow a judgment in one member state to be enforced in…

A new Commercial Credit & Collection conference has been launched by CVR Global. The event and future additions will tackle issues across the full life-cycle of business credit and collections. Taking place on Friday 5th April at the Leadenhall “Cheesegrater” building, the first conference will focus on the overarching themes of business credit management and…

The National Association of Commercial Finance Brokers (NACFB) has launched an enhanced online portal, findsmefinance, offering UK businesses access to the trade body’s membership of independent finance brokers. The free directory enables UK businesses seeking finance to simply filter their funding requirements by loan size, type and location and are then presented with a range…

Net lending to SMEs shrank to £500m last year, compared with £700m in 2017, according to a new report by the British Business Bank. The study also reveals a dramatic slowdown in the growth of alternative forms of funding, including peer-to-peer lending and asset finance. Lending through peer-to-peer platforms rose by 18% last year, compared…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew in December by 7% compared with the same month in 2017, and by 5% in Q4 2018 as a whole. The plant and machinery finance and commercial vehicle finance sectors reported new business…

The number of restaurants in Scotland going insolvent last year increased by 86.3% according to new analysis of the sector by accountants and business advisers firm French Duncan. The firm has analysed official Insolvency Service statistics and found that annual restaurant failures increased from 73 in 2017 to 136 in 2018 which is equivalent to…

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