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Late payments an issue for 80 per cent of SMEs, survey reveals

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Four in five SMEs struggle with late payments - and the problem seems to be worse for mid-sized companies than for small firms, according...

Why now is the best time to grow a new business

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By Simon Palmer, pictured, Partner at Yorkshire accountancy firm Garbutt + Elliott  Despite the UK enduring a period of political change, with the results of...

How to keep your business running when your staff are on holiday

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By Alison King Instead of a beach and an ice-cold beer, summer holidays can result in a major headache for small business owners. How do...

Micro businesses trying to squeeze financial management into 3.6 hours a month

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Britain’s 5.3 million sole traders and micro businesses estimate they’re spending the equivalent of 2.5 million working days collectively each month on managing their...

Making it easier for SMEs to do business abroad

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By Stuart Gregory Most of the five million UK SMEs do some form of international business - whether that’s paying a supplier in Spain, working...

Late payments prompt financial and mental health issues for SME owners

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More than a quarter of small business owners struggle with depression, anxiety, stress or other issues caused by the worry of late payments, according...

How SMEs can reduce late payment from customers

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Every small business, no matter how successful, will encounter a late payer during its time. Whether this is a one-off incident or an ongoing...

Major banks ordered to offer better service to SMEs

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The UK’s largest SME lenders - Barclays, Royal Bank of Scotland, Lloyds and HSBC – have been ordered to improve their service to small...

Invoice finance now a primary funding source

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The amount of finance advanced to the UK’s smallest businesses through invoice finance jumped by over 60% in the last year, reaching £711m up...

SMEs unprepared for summer sales boom

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SMEs may be unprepared for the boost in sales and subsequent short-term business strain that typically accompanies the summer season. The problem according to IGF...
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