SME’s are the backbone of the UK economy, accounting for 99.9% of all private sector business and employ over 60% all private sector workers. In 2019 there were 5.9 million SME’s in the UK with an output of £1.9 trillion, showing how vital these businesses are to the economy and the communities in which they Read More
Over half the country has seen bank loan lending to SME’s fall over the past year. Many of the sectors hardest hit are those in manufacturing, those most in need of finance. Evidence suggests that banks are wary of lending to SME’s due to Brexit uncertainty and the prospect of an economic slowdown affecting loan Read More
When it comes to your business’s finances, determining success can be challenging.
It’s all too easy to oversimplify financial success or failure into profit or loss. But the reality is far more complex than that Read More
The number of SME business owners struggling financially and suffering from mental health issues as a result, has risen dramatically since last year, new research has found. Half of SME owners’ businesses – 23% more than last year – have been on the brink of bankruptcy or liquidation, or could be soon due to late Read More
Cashflow is the lifeblood of any business. Is your working capital working for you? Read More