Business news 28 August 2023 James Salmon, Operations Director. SMEs hit by late payments. Energy Price cap coming down. Interest rate hikes wipe £15bn off UK builders. Rates need to remain high. Small firms call for expansion of PM’s business

Business news 25 August 2023 James Salmon, Operations Director. Construction insolvencies up 16.5%. Retail Sales. More people seek help over energy debts. BNPL debt hits £2.7bn. Majority of owners could not afford their house now.  Interest rates to peak at

Business news 22 August 2023 James Salmon, Operations Director. SMEs could hire 3.5m workers this quarter. Britons urged to ‘pay bills on time’ in HMRC crackdown. Sterling has peaked, to face renewed pressure. Labour: UK growth will be slowest in

Business news 14 August 2023 James Salmon, Operations Director. Small firms face cost-of-doing-business crisis. Amazon responds to pressure on withheld payments. Resilient economy makes rate rises more likely.  And more business news that we thought would interest our members. Small

The Impact of Late Payments on Cash Flow 1st August 2023 Submitted by Nina Albert Around 87% of small and medium enterprises (those with annual sales of less than £5 million per year) are paid late in the UK, and other countries