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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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