UK growth ‘held back by late payments’

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Overcoming the problem of late payments to SMEs by their larger customers could not only help out small suppliers; it could also have widespread implications for the economy as a whole.


PayPal seek to overcome the credit crunch

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Remember the credit crunch? Back in 2007-08, it was the name given to the rapid tightening of lending criteria by financial services providers all over the world, in response to shocks like the sub-prime lending crisis.


Rejected SMEs to be referred to alternative lenders

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Proposals to require the high-street banks to refer rejected business loan applicants to alternative lenders have been around for a while now, but with the conclusion of a recent HM Treasury consultation on the subject, the picture of how the process might work is becoming clearer.


2.4m SMEs face cash flow time bomb

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Suffer any substantial business interruption, and the clock is ticking – but how long could your company survive with no new money coming into it at all?


Firms report more financial firefighting

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An increase in the number of bad debts being reported for collection has been held up by recovery specialists Lovetts as evidence that non-payment is on the increase.


Chasing bad debts ‘too awkward’ for 1 in 3 SMEs

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Research shows that a third of SMEs are reluctant to chase for payment on bad debts owed to them – but why is this? A lack of suitable terms and conditions? Concrete reasons to expect to be unable to force payment?

 

Base rate ‘complacency’ threatens debtor affordability

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Something few of us have given much thought to over the past five years is soon to become a headline issue – at least in the financial pages – once again.

 

Average construction trade debt nears £500k

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The average trade debt among construction SMEs in the UK is close to the £500,000 mark – and is proportionally higher among some of the smallest firms, according to figures published by Debt Guard Solicitors.

 

Does my credit rating matter?

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It might seem like a simple question, but when you’re in business your credit rating may or may not have a direct impact on your ability to do business.

 

No more Catch-22 for borrowing businesses

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SMEs who are turned down for lending by their banks no longer face an awkward ‘Catch-22′ situation, according to invoice finance specialist Bibby Financial Services.

 

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