SMEs told to ‘beware the insolvency lag’

SMEs told to ‘beware the insolvency lag’

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As the UK economy enters a stronger cycle, SMEs have been told to “invest or die” in order to avoid becoming a statistic in the traditional “insolvency lag”.

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Lloyds Bank SME Charter ‘will increase business lending’

Lloyds Bank SME Charter ‘will increase business lending’

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The 2014 Lloyds Bank SME Charter will increase the bank’s business lending to SMEs by a net balance of at least £1 billion, the financial services provider says.

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Did you know the High Court Sheriffs can now deal with the enforcement of small claims debts?

Did you know the High Court Sheriffs can now deal with the enforcement of small claims debts?

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Obtaining a County Court judgment is the first step. Once you have obtained the judgment, there are various ways in which a debt can be enforced.

Can I claim interest and debt recovery costs on money owed to me?

Can I claim interest and debt recovery costs on money owed to me?

 

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If a time for payment has not been stated in a contract, statutory interest will start to run on outstanding payments from 30 days after an invoice has been sent, and on

Budget 2014: How did we do?

Budget 2014: How did we do?

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At the start of the month, we made our predictions of what would happen in the 2014 Budget speech, which was delivered by Chancellor of the Exchequer George …

OFT review detects ‘competition concerns’ in SME banking

OFT review detects ‘competition concerns’ in SME banking

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The Office of Fair Trading has expressed concerns about the level of competition found in the provision of business banking services to small to medium-sized enterprises.

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Paym set to enable bank transfers to your mobile number

Paym set to enable bank transfers to your mobile number

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A new service named Paym (intended to be pronounced Pay ’em) is due to launch later this year, allowing UK bank accountholders to link their current account number with their mobile number.

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AICD aims to set ‘gold standard’ for credit and collections

AICD aims to set ‘gold standard’ for credit and collections

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A new organisation, the Association of International Credit Directors (AICD), has been launched with the aim of setting a gold standard for those working in credit and collections disciplines.

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GDP to reach pre-recession levels ‘sooner than expected’

GDP to reach pre-recession levels ‘sooner than expected’

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British Chambers of Commerce have revised their UK gross domestic product forecasts, bringing forward the date by which GDP is expected to overtake its pre-recession peak.

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