Banks reject 70% of small businesses

Business
Banks reject 70% of small businesses 3rd June 2019. A new report shows that Banks reject 70% of small businesses applications. A report from Smith & Williamson reveals that 70% of small businesses fail to secure finance at the first
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SME government loan values decline.

Business
SME government loan values decline. 03/06/2019. Worryingly, it has been reported that SME government loan values have declined. The value of bank loans being offered to small and medium-sized businesses through the government’s flagship small business lending scheme has dropped
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Jamie Oliver restaurant chain collapses into administration: updated 28/5/19.

Business
Jamie Oliver restaurant chain collapses into administration. Updated 28/5/19. James Salmon, Director, 21/05/2019 – updated 28/5/19. More than 1,000 jobs are at risk after the restaurant chain of celebrity chef Jamie Oliver collapsed into administration. Jamie’s Italian has appointed KPMG
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Large Constructors warned again over late payments

Business
Large Constructors warned again over late payments. 28th May 2019. Cabinet minister Oliver Dowden has fired another warning at large constructors over late payment at the RICS annual Construction Conference last week, reiterating the government’s get-tough stance on businesses that
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Thomas Cook secures extra funding as financial woes worsen

Business
Thomas Cook secures extra funding as financial woes worsen. 22/05/2019. see our latest post from September 2019 – Thomas cook collapses Thomas Cook has secured £300m of extra funding to tackle mounting debts and is reportedly seeking a sale of
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