One in three SMEs unclear on unpaid invoices

One in three SMEs unclear on unpaid invoices

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More than a third of SMEs have no idea how much they are owed in unpaid invoices, according to figures from Bibby Financial Services.


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More than a third of SMEs have no idea how much they are owed in unpaid invoices, according to figures from Bibby Financial Services.


Most SMEs believe banks would lend

Most SMEs believe banks would lend

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The majority of small and medium-sized business owners now believe their bank would approve any reasonable application for lending, according to research by Clydesdale and Yorkshire Banks.


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The majority of small and medium-sized business owners now believe their bank would approve any reasonable application for lending, according to research by Clydesdale and Yorkshire Banks.


Micro SMEs ‘need greater support’ on prompt payments

Micro SMEs ‘need greater support’ on prompt payments

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It is important that the UK’s smallest businesses should receive greater support on prompt payments, due to their more significant need for debt management help, according to Debt Guard Solicitors.

A newly published study …

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It is important that the UK’s smallest businesses should receive greater support on prompt payments, due to their more significant need for debt management help, according to Debt Guard Solicitors.

A newly published study …

Prompt Payment Code ‘needs power and authority’

Prompt Payment Code ‘needs power and authority’

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Despite legislation being in place to enforce fair payment practices, more needs to be done in order to ensure big companies treat their smaller suppliers fairly, according to the Federation of Small Businesses.


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Despite legislation being in place to enforce fair payment practices, more needs to be done in order to ensure big companies treat their smaller suppliers fairly, according to the Federation of Small Businesses.


UK growth ‘held back by late payments’

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.


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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.


Rejected SMEs to be referred to alternative lenders

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 …

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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 …

2.4m SMEs face cash flow time bomb

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?


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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?


Six ways SMEs can stand out

Six ways SMEs can stand out

 

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Audit, tax and advisory services specialists Mazars have published a report assessing the performance of SMEs across the EU in the past five years, and looking at the ways to stand out from

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Six ways SMEs can stand out
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Audit, tax and advisory services specialists Mazars have published a report assessing the performance of SMEs across the EU in the past five years, and looking at the ways to stand out from

Banks told to diversify and compete for business

Banks told to diversify and compete for business

 

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The big banks must become more competitive as part of a more diversified business banking sector, according to the new Economic Secretary to the Treasury.

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Banks
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The big banks must become more competitive as part of a more diversified business banking sector, according to the new Economic Secretary to the Treasury.

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Online accounting helps SMEs get paid faster

Online accounting helps SMEs get paid faster

 

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Online accounting and invoicing is helping many SMEs to get paid faster than was the case two and a half years ago, according to accountancy software provider Xero.

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Online accounting
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Online accounting and invoicing is helping many SMEs to get paid faster than was the case two and a half years ago, according to accountancy software provider Xero.

 …