Tag: small and medium enterprises
Half of Small Businesses trading in the red
According to the latest Small Business Insights published by Xero, half of the small businesses in the UK are currently trading in the red. The...
Why late payments are affecting SME’s
Every business whether it be large or small is effected by late payments and with many businesses being part of a supply chain and...
Insolvency expert predicts increased failure of companies in the south
Mr Robert Bajaj, a consultant solicitor with regional law firm Ellis Jones predict a rise in business failures across the South. Speaking at an insolvency...
Slower growth for SME’s predicted
New research from Close Brothers revealed that with concerns over slower growth from the UK economy, as well as barriers that threaten to hold...
Late payment is the silent assassin of UK Businesses
According to research from Bacs, more than 50,000 British small firms are closing every year, being owed £14.2bn in unpaid debt. Getting clients to pay...
HMRC seized assets from nearly 2,000 SME’s
More than 1,953 businesses had their assets seized from HMRC in 2016/17 demonstrating that the HMRC are using more aggressive methods to obtain unpaid...
British SMEs ‘Owed £67 billion in Unpaid Invoices’
The small and medium sized enterprises (SMEs) across the UK are currently owed a combined total of £67 billion in relation to unpaid invoices. These figures...
Insolvency Rates Fall for SMEs
The number of SMEs to become insolvent fell in June compared with June 2011, while insolvencies among larger firms increased year on year.
Public Sector Late Payments Continue to Rise
New research has shown that late payment by major public sector contractors to small and medium-sized enterprises ...
SMEs Spending 130 Hours a Year Chasing Late Payers
A recent survey has revealed that SMEs are spending an average of 130 hours a year chasing late payments for unpaid invoices and overdue accounts.
