The detrimental impact of late payments on small businesses has reached alarming levels, with the total cost soaring to £1.6 billion by the end of 2023, according to findings by the accountancy firm Xero.
Category: In Business
Advice on growing your small and medium sized business, SME, in the UK. Hiring and managing staff and finance plus marketing all on one website
Funding Circle looks to sell US arm and launches off share buyback as losses deepen
Funding Circle, a prominent fintech firm specializing in small business lending, announced today a strategic shift in its operations aimed at curbing losses and revitalizing its share value.
Where has your target market gone? How SMEs can roll with the changes to develop a business growth strategy with impact
For businesses looking to scale successfully, a growth strategy detailing how to overcome current and future challenges is essential.
FCA inquiry into small business lending branded ‘illogical’
The response of the Financial Conduct Authority (FCA) to investigate banks’ use of personal guarantees in small business lending has been criticised as “illogical” and inadequate by the Federation of Small Businesses (FSB), which initially raised the issue.
Rishi Sunak: UK economy is on the right track
In anticipation of what could be the government’s final Budget before the general election, Prime Minister Rishi Sunak asserted that the UK economy is on the right track.
Mortgage reforms have excluded first-time buyers, say UK building societies
The Building Societies Association (BSA), representing numerous building societies in the UK, has raised concerns that mortgage reforms implemented following the 2008 banking crisis have inadvertently hindered first-time buyers’ access to the housing market.
Businesses must give full postal and email address as Companies House fights fraud
Businesses are now required to provide a full address instead of a PO Box and must furnish an email address as part of Companies House’s efforts to combat fraud and deception.
Building Blocks: Which asset class can secure your financial future?
For several decades received wisdom has told us that property investment is the best way to watch your wealth grow.
7 ways to be a great leader
I’ve always been drawn to and had a fascination for exceptional leaders, particularly in the realm of business. I find myself thinking, “What distinguishes these personalities?” “Which qualities and strategies drive them to the top of their respective sectors and industries?”
Why the Spring Budget could be crucial for prospective homeowners
As anticipation builds around the upcoming Spring Budget, individuals ranging from energy sector analysts to childcare providers are eagerly awaiting potential announcements.
An incoming MD replacing a founder/outgoing MD – a tricky balancing act
As an incoming MD, possibly taking the place of the original founder/MD who may be moving into a chair role, you’re there because the business needs a senior person who has skills and experience that don’t currently exist in the organisation.
Young Brits Embrace Entrepreneurship, Turning Side Hustles into Start-ups
From the allure of Dragons’ Den to the dynamic platforms of TikTok, a surge of youthful entrepreneurial spirit is reshaping the landscape of business in the UK.
A guide to the imminent changes to employment law
A significant amount of new employment legislation is coming into effect in April 2024, all of which will have implications for employers. Here are the key changes you need to know about.
Is the Sharing Economy Relevant to B2B Sectors?
The sharing economy is prompting a rethink of business practice. To address confusion, this transformative model is also referred to as the ‘crowd’, ‘gig’, ‘peer-to-peer’ or ‘on-demand’ economy. It operates within the context of digital technology and is based on collaborative consumption, allowing both individuals and businesses to share assets, products or services with one another.
AI to Design Drugs in the Near Future, Says Google DeepMind CEO
Demis Hassabis, CEO of Google DeepMind, predicts that artificial intelligence (AI) could revolutionise drug discovery by designing drugs directly in clinics within the next few years.
