Construction specialist, Aggregate Industries, has secured a Aecus Automation Award for a robotic process automation project with Rimilia. The Awards were presented by Paul Morrison, Managing Director from Aecus at the Hackett Group’s Best Practice Conference on in London. Robotic process automation, or RPA, is Robotic Process Automation (RPA) is the application of technology that…
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The Financial Conduct Authority’s (FCA) has warned of a pronounced build-up of debt among young people. In an interview with the BBC, FCA Chief Andrew Bailey has highlighted the ‘growing debt burden’ on young people. The warning, which follows a tour of visits by Andrew Bailey to debt charities including National Debtline, coincides with new…
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New Government figures show that less than half of eligible English councils have begun allocating their share of the £300 million business rates hardship fund launched six months ago. Sixteen English councils have not implemented any of the three business rates relief measures announced by the Chancellor at the Spring Budget. The area worst affected…
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In response to news of the Government’s energy cap draft legislation Mike Cherry, Federation of Small Businesses (FSB) National Chairman, said: “FSB supports measures to manage the rising cost of energy for those that can least afford it, including many small businesses. However, the current proposals for a price cap on domestic variable tariffs will clearly not help…
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Corporate recovery and business advisory firm, Quantuma has appointed Mark Hendrick as Director of Credit Services. Hendrick brings 24 years’ experience in this field, in a career including spells at Opus Restructuring and RSM Tenon. Quantuma managing partner Carl Jackson said: “Mark is extremely well known in the industry and brings with him a wealth…
Read moreAlternative finance provider, Reward Finance Group has appointed Gemma Wright as Commercial Director with the responsibility to prepare the business for its next stage of development. Wright previously spent more than 17 years with RBS where she became director of Invoice Finance with responsibility for leading a number of sales teams across the North. Nick Smith,…
Read moreAn OECD report has concluded the UK’s insolvency and restructuring framework is the most effective in the organisation at preventing a build-up of productivity-sapping zombie companies, says UK insolvency and restructuring trade body R3. The report, ‘Insolvency regimes, zombie firms and capital reallocation’, says that zombie companies – struggling companies aged 10 years or older…
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Debt owed to suppliers across key UK business sectors has risen by 95.4% to £962 million between July and September 2017, eclipsing the 1.5% rise seen at the end of Q2. Bad debt owed to companies also increased by 12.2% to £247million, up 55.6% since the start of the year. This signals a worrying trend…
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Online business lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). Jens Woloszczak, Spotcap Founder and CEO: “We’ve experienced significant growth over the past three years, which is a testament to the fundamental need SMEs have for flexible and accessible financing. With close to 60 percent of…
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Business Peer to Peer lender ArchOver has revealed that it has nearly doubled its overall lending in the first nine months of this year. Since January 2017, total lending over the platform has reached £21.39 million, bringing the cumulative total that ArchOver has lent to date to over £48 million. Proving that the appetite for P2P…
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The next two years will bring significant challenges to UK businesses, many of which may succumb to insolvency as a result. ICAEW conducted a survey of those working with the insolvency and business restructuring sectors* and asked what they felt would be the three greatest threats to British businesses over the next two years, the…
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Latest research from the Joseph Rowntree Foundation (JRF) has highlighted how a benefits freeze will affect families- the majority of which are in work. The freeze is the single biggest policy driver behind the expected rise in poverty by the end of the Parliament. JRF is calling for the Government to target its resources better…
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The latest edition of Coface’s annual survey has analysed the payment behaviour of 256 companies in different sectors of activity. The sample of participants covered is 23% larger than for the 2016 edition and includes more export companies. In 2016 payment delays showed an improvement, but in 2017 they are once again on the increase…
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