Credit, Collections & Insolvency News
New research by Bibby Financial Services has found that 2.1million SMEs are ‘just about breaking even’ and face myriad of challenges that threaten to impact the UK’s economic recovery. The report says that SMEs are ambitious for the opportunity to regain lost ground post-pandemic, but risk being held back by a myriad of mounting pressures…
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Over half a million businesses are struggling financially amid soaring inflation and the rollback of government Covid-19 support according to Begbies Traynor’s Red Alert analysis. A total of 589,168 businesses reported financial distress in the final quarter of 2021, a five per cent jump compared to the previous three months. Begbies says that the data…
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Eight out of ten (79%) small business owners surveyed are regularly losing sleep due to worries about the impact Covid-19 continues to have on their businesses, according to new research by Business Debtline. The Building back business: tackling small business debt in the wake of Covid-19 report indicates that many self-employed people and small businesses are…
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