Cash tied up in unpaid invoices, with upcoming payroll and other business costs pending, can be frustrating and destabilising for many SMEs. With 41.8 per cent of SMEs experiencing late payments, according to an OECD 2024 report, credit facilities can help ...
READ MOREGeopolitical tensions are set to push UK petrol prices to the highest level of the year, with the average cost reaching 160p per litre, according to RAC monitoring. This comes after the Bank of England warned interest rates might rise if ...
READ MOREWhile profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked. You could be making money on paper but still be broke, unable to meet bill payments and even on the brink ...
READ MOREWith Keir Starmer announcing his resignation as Prime Minister, there has been much speculation about what this means for the future of UK politics. His hotly tipped successor, Andy Burnham, is set to enter 10 Downing Street by Monday the 20th of ...
READ MORELate payments are draining £11 billion a year from the UK economy, according to new research from online accounting platform Sage. Nearly half of all SME invoices (49 per cent) are now paid late, with businesses waiting an average of 27 ...
READ MOREAs we are now nearly halfway through 2026, it is time for businesses to take stock of where things stand in what has been an incredibly tumultuous time for the economy. From conflict in the Middle East to the dawn of ...
READ MOREFollowing months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit and loss (P&L) accounts with Companies House. The new changes will impact small companies and micro-entities ...
READ MORERecession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the press and conversations with clients. It is easy to understand why the fear persists, ...
READ MOREThe first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether the ...
READ MORESmall and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely. We want to understand the hesitation behind the lack of borrowing so that your business can get ...
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