Credit, Collections & Insolvency News
The Federation of Small Businesses (FSB) is sounding a warning shot ahead of a looming cost crunch in April that could push many small firms to breaking point. In less than two months, rising energy bills, business rates hikes, spiralling employment costs and changes to Statutory Sick Pay will all rise at a record pace,…
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A poll by small business lender Bibby Financial Services shows that almost half of SMEs think the current business climate is worse now than during the pandemic revealing that 2023 is the worst economic environment for small and medium sized enterprises (SMEs) in 15 years. Findings from the 2023 Global Business Monitor, which surveyed SME owners…
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Research by Nucleus Commercial Finance has found that most SMEs find the current cost-of-living crisis more of a burden than the pandemic lockdowns. The research found that around two-thirds of those surveyed said the current cost-of-living crisis is proving more of a burden on their business than the pandemic lockdowns, with nearly 70 per cent…
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Business confidence in the UK has plunged into negative territory as companies grapple with a crisis from the rising cost of doing business according to the ICAEW. The research found that business confidence falls into negative territory after record peak last year with the cost of doing business now pushing UK closer to recession amid…
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