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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Late payment problems lead to redundancies at electrical & mechanical contractor

credit management
Late payment problems lead to redundancies at electrical and mechancial contractor. 31st May 2019. Late payment problems have lead to redundancies at Star Services (Southern). The Wiltshire based Mechanical & Electrical services specialist, Star Services (Southern) has made the “majority”
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Loophole leaves late payment reporting requirements unfit for purpose

CPA Blog
Loophole leaves late payment reporting requirements unfit for purpose 29th May 2019. MPs have pointed out that a loophole in the  late payment reporting requirements means they are unfit for purpose. MPs and SME representatives are calling for legislation designed
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Are we witnessing the demise of the secure blue chip debtor?

CPA Blog
Are we witnessing the demise of the secure blue chip debtor? David Hawkins, 28th May 2019. Are we witnessing the demise of the secure blue chip debtor? Recent events, notably the liquidation of British Steel, the problems experienced by Thomas
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