Companies are increasingly cautious over taking risks in their supply chain, with fears over their level of dependence on suppliers and sourcing from high-risk countries dominating their thinking, data in a new report shows. The Q4 2018 Global Supply Chain Risk Report, published today by Cranfield School of Management and Dun & Bradstreet, investigates the…

The Chartered Institute of Credit Management (CICM) and ITN Productions Industry News have launched “Credit Experts”, a news and current affairs-style programme exploring the evolving credit landscape – from new technologies and artificial intelligence solutions for managing customer outcomes to essential guidance for small and medium sized businesses. Credit affects both businesses and consumers. For…

Small businesses across the UK are facing major cash flow pressure, leading to increased financial instability as a direct result of a late payments culture. This is according to Duff & Phelps, the global advisor that protects, restores and maximises value for clients. With recent research showing that small businesses in the UK are facing…

Outsourcing specialist Interserve has entered into administration after the company’s shareholders voted against a rescue plan Shareholders voted 59.38% against the plan, which would have seen their stake reduced to just 5%, with lenders being handed the largest share of the business. Last month it outlined a plan to reduce its net debt to £275m…

Almost one in four SMEs see political uncertainty as one of the biggest obstacles facing their business, according to a major survey of over 4,500 small firms. The latest BVA BDRC SME Finance Monitor has found that 24 percent of SMEs now see political uncertainty as a major barrier to their business going forward, up…

Large companies will have to report on their payment practices every year in the first step of a crackdown to end small businesses being paid late, the Chancellor has announced as part of the Government’s spring statement. Philip Hammond said the Government will require companies to review their payment practices through their audit committees, with…

Small businesses want the Government to use today’s Spring Statement to show that the Government is serious about tackling poor payment practices in the UK. At last year’s Spring Statement, a Call to Evidence on late payments was announced with the Chancellor pledging that the Government would eliminate the scourge of late payments. This pledge…

The UK’s thriving creative industries are being undermined by late payments. Findings from business finance company MarketInvoice reveal that 48% of businesses in the creative industries were paid late in 2018. Businesses that make up the creative industry are typically smaller companies (usually agencies and consultancies) that provide services to a range of sectors from…

A report by Moore Stephens has revealed that there has been a 10% rise in the number of businesses liquidated in just 12 months. From 13,010 cases in 2017 to 14,270 in 2018, there is a clear pressure being placed on businesses the face of rising interest rates and Brexit disruption. The report says that…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9% in January, compared with the same month last year. The plant and machinery finance and IT equipment finance sectors reported new business growth in January of 26% and 45% respectively, compared…

1 2 3 54