Exclusive: Nearly half of SMEs feel ‘big tech’ is standing in the way of customer connection January 28, 2022 Small and medium-sized businesses (SMEs) are struggling to build and maintain relationships with their customers, new research has revealed.
Exclusive: Business Minister hails SMEs as economy’s ‘backbone’ as 75 per cent of CEOs say confidence surged during Covid-19 January 26, 2022 Minister for small businesses Paul Scully MP has praised UK companies as ‘the backbone of the economy’ as a new poll reveals that three-quarters of UK business leaders say that the way their business was able to adapt during the pandemic has boosted their confidence.
Nation of hungry entrepreneurs: Two in three UK employees plan to launch their own business January 22, 2022 A record two in three British employees plan to start their own business at some point in the future, a jump of more than 10 per cent compared to a year ago, according to new data shared with City A.M. this morning. In fact, one in ten Brits don’t want to wait and plan to [...]
Omicron onslaught: Wave of bankruptcies as insolvencies climb with voluntary liquidations up by 73 per cent January 18, 2022 The latest monthly insolvency statistics, published this morning by The Insolvency Service for the month of December 2021, show that the number of registered company insolvencies in England and Wales is 33 per cent higher than the number registered than two years ago, just before the pandemic. These rises were particularly influenced by the higher [...]
Rising insurance costs could be ‘last straw’ for struggling small businesses November 24, 2021 Half of small and mid-sized UK businesses have seen increases in pandemic-related exclusions in their cover, according to broker Marsh, as insurers try to stop their £1bn bill from mounting further.
Vodafone partners with Dragons’ Den star Steven Bartlett to support small businesses November 10, 2021 Vodafone launches its second Shout Out for Small Businesses campaign, offering one small business the opportunity to win a mentoring session with entrepreneur and BBC’s Dragons’ Den star Steven Bartlett
Editorial: Bank marched markets up the hill – it can’t be angry they were disappointed they were told to go back November 4, 2021 Bank of England governors have a recent history of not always delivering it comes to guidance. Famously, former Bank chief Mark Carney was labelled an “unreliable boyfriend” for routinely failing to deliver on his words. Current boss Andrew Bailey seems to be eyeing up Carney’s crown after the Bank yesterday decided to hold rates at [...]
Thousands of UK small businesses ‘can’t repay Covid loans’ August 10, 2021 Thousands of SMEs that received government Covid loans and the furlough scheme can now not make repayments amid limited cash flow, a survey of small businesses out today shows. The survey projected 59 per cent of SMEs in the UK, amounting to around 3.5m businesses, used government loans or furlough schemes during the pandemic. The [...]
SMEs confident about recovery but frustrated by lack of financial backing July 22, 2021 Owners of small and medium-sized enterprises are feeling more optimistic than last month but are struggling to get financial backing, according to figures from the Association of Chartered Certified Accountants (ACCA UK) and the Corporate Finance Network (CFN), shared with City A.M. today. The survey shows that 89 per cent of SME owners are trading [...]
Pandemic impact: Third of businesses to ramp up online presence and reduce physical foot flow July 20, 2021 Covid-19 saw most businesses close their doors indefinitely to the public and cause some to permanently shut. Many small business owners would not have survived the pandemic without creating or improving their digital presence, according to technology company Cisco, saying 40 per cent managed to get through the pandemic thanks to an online platform. In [...]