Cashless trend potentially “devastating” for small businesses

Business
Cashless trend potentially “devastating” for small businesses, warns FSB. 10/06/2019. The chairman of the Federation of Small Businesses has warned that many UK businesses could suffer “devastating” losses if bank charges for cards are not restricted, as cashless transactions account
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Luxury chocolate retailer Rococo collapses into administration

Business
Luxury chocolate retailer Rococo collapses into administration. 31st May 2019. Updated 4th June 2019. According to press association releases, Luxury chocolate brand Rococo has gone into administration. The high-end chocolatier, which has five stores in central London, will now be
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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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G4S being investigated

credit management
G4S being investigated. 24/5/2019. The Late payment watchdog criticises G4S. Leading outsourcing group G4S has been accused by the small business commissioner of “persistent late payment” towards one of its suppliers and its payment practices are being investigated. G4S’s place
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