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Late payments threaten 350,000 jobs annually

The UK’s late payment culture threatens 350,000 jobs annually, according to a new report by spend management platform Concur.

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Insolvency threatens more Yorkshire agricultural firms

The number of agricultural firms facing an above average risk of insolvency in Yorkshire has surged by 7.4%, new figures show.

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Longer payment delays a headache for UK construction firms

Construction firms have waited longer for payments during the past year than in previous years, according to new analysis from Funding Options.

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Insolvency risk rises for North West retailers

The retail sector in the North West of England is facing tough times, as the proportion of outlets facing an increased insolvency risk has surged since June.

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Half of firms reveal they pay suppliers late

Slow internal processes and poor automation practices are two major factors behind the late payment culture that exists in the UK, new research has found.

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Small engineering firms reveal supply chain finance concerns

More than half of engineering services firms have said significant levels of their turnover are locked higher up the supply chain, new research shows.

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Gloomy outlook for SMEs as overseas trading declines

The UK’s small businesses remained pessimistic over their growth prospects for a third consecutive quarter, new data from WorldFirst shows.

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Rising insolvency rates hit freight transport sector

The Freight Transport Association has called for a cut in fuel duty to help tackle rising insolvency levels in the logistics sector.

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R3 Midlands urges government to push corporate insolvency reform

The Government should consider more corporate insolvency reform in the upcoming budget, according to the Midlands branch of insolvency and restructuring trade body R3.

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FSB calls for Budget support for struggling small housebuilders

The Federation of Small Businesses has called on Chancellor Phillip Hammond to help rescue the nation’s small house builders in the upcoming Budget.

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SMEs struggle with late payments and fraud

Nearly six in ten small business have to chase and re-chase for payments they are owed, according to new research.

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Northern businesses optimistic despite widespread distress signals

Firms across the North East remain optimistic for 2018, despite a rising number of them showing signs of business distress.

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Insolvency Service clamps down on rogue directors

The number of orders to ban rogue directors from being involved in business has risen seven-fold, according to the Insolvency Service.

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Closure rates slow but retailers face testing times

Shops are closing at their slowest rate since 2010, as 14 outlets a day closed their doors in the first six months of this year, new figures show.

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UK small business values slump

The UK’s small businesses are now worth an average of £90,000, a considerable drop from just a year ago, according to new research from Bizdaq.

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SME bosses claim UK late payment problem has no easy solution

Business leaders have said there is no easy solution to the UK’s late payments problem, although action is needed as 50,000 firms could be failing annually as a result.

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Construction insolvency drives multi-million cash retention losses

Construction firms entering insolvency have led to more than £700 million of cash retention losses in just three years, the Specialist Engineering Contractors’ Group has claimed.

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SMEs turn to alternative finance options

A growing number of the UK’s small businesses are turning to alternative finance options to support growth, new research has revealed.

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VAT simplification could boost UK small businesses

The Office of Tax Simplification is set to publish a report that will set out a variety of ways that the current VAT system can be updated and simplified.

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Gerry Hoare discusses lending to the SME market

Lending conditions remain turbulent and concerns remain over the effect Brexit will have on the lending landscape. However there is a huge amount of competition in the lending market and SME’s now have more options than ever before.

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Moorfields appointed over specialist work boat builders

Simon Thomas and Nick O’Reilly, Partners of Moorfields Advisory, were appointed Joint Administrators of Meercat Workboats Limited on 3 November 2017.

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CBI claims manufacturing sector needs Budget boost

Confidence in the manufacturing sector has dropped for the first time since 2016, prompting the Confederation of British Industry to issue a warning.

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Personal insolvency levels surge in third quarter

Personal insolvencies jumped by 11% in the third quarter and are now 8% higher than a year ago, the latest figures from the Insolvency Service show.

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Third quarter insolvency figures reveal mixed picture

Company insolvencies decreased in the third quarter, according to the latest figures from the Insolvency Service, but it doesn’t paint the full picture.

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