News Centre

A significant proportion of small and medium-sized UK businesses are still using nothing more than pen and paper to carry out their business admin tasks, according to a new survey. This could be hampering both productivity and profitability.

Small and medium enterprises in the UK could be paying up to £4 billion a year in hidden charges on international money transfers. According to a new report, 96% of the costs charged to make international payments are hidden from the customer as they are built into exchange rates.

More than 100,000 businesses in the UK were owed money by insolvent companies and individuals over the course of the past 12 months, according to figures released by insolvency trade body R3.

Small businesses who have not yet implemented auto enrolment for employees eligible for workplace pensions are being urged to make sure they meet their obligations. The Pensions Regulator (TPR) has been writing to small and micro-businesses (those who employ between one and nine people) to let them know their staging dates.

If you feel you have a viable business that is struggling under the burden of debt, a Company Voluntary Arrangement (CVA) can be a great solution. A CVA allows you to reduce creditor pressure, cut costs and restructure the business quickly and efficiently.