business

Two thirds of high street retailers struggling with rising cost of living

1st March 2023 Business Utilities | #business

Almost two-thirds (65%) of UK retail business owners report that the rising cost of living has made running their business harder, with nine out of ten (87%) of those businesses saying it has been the “toughest winter in memory” for their business according to a new poll by Santander. The data revealed the biggest challenges…

Business optimism rises

1st March 2023 Commercial Credit Management | #business

The Institute of Directors’ (IoD) Economic Confidence Index, which measures business leader optimism in prospects for the UK economy, rose to -17 in February 2023, up from -28 the previous month and a near-record low of -64 in November. Confidence in the UK economy is now similar to the time of the Omicron restrictions in…

Inflation worries drive sentiment down

2nd August 2022 Commercial Credit Management | #business

Businesses reported a fall in confidence this month, declining three points to 25%, according to the latest Lloyds Bank Business Barometer. The research puts confidence below the long-term average (28%) for the first time since March 2021 when the economy emerged from the second Covid19 wave. Despite the more challenging outlook, businesses’ assessment of their…

UK firms feeling the pressure

15th June 2022 Commercial Collections and Recoveries | #business

Data from PwC show the number of UK firms filing for insolvency in the first quarter was broadly similar to the same period in 2021. However, the analysts show that when the smallest firms and companies that were liquidated when solvent are stripped out, the figures show those filing while insolvent more than doubled in…

Seven in ten small businesses predict significant growth in the next three-months

7th June 2022 Commercial Credit Management | #business

Seven in ten small businesses (70%) that predict significant growth in the next three-month say they will have to put plans on hold if they were unable to secure finance. Access to finance and borrowing is also urgently needed by small businesses most affected by COVID – those that either had to close or repurpose…

Report paints mixed picture across industries as business insolvencies double

26th April 2022 Commercial Credit Management | #business

Close to half of small firms do not expect to grow over the coming year amid a cost-of-doing-business crisis and widening sectoral optimism gap, according to the latest SBI from the Federation of Small Businesses (FSB). The headline SBI UK confidence reading stands at +15.3 for Q1 2022, meaning more small business owners expect an…

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