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Peer2Peer Finance News | April 27, 2017

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SME News

UK SMEs bullish on growth despite political woes

April 25, 2017 |

THE VAST majority of small businesses in the UK have shrugged off the current political uncertainty and are optimistic about their growth over the next year, despite feeling a lack of support from the government.

Accountancy firm Smith & … Read More

Hot property

April 24, 2017 |

Peer-to-peer property lenders have experienced stellar growth in recent years, but will tax and regulatory changes stop the sector in its tracks?

Property lending makes up a significant part of the peer-to-peer finance sector, whether it be buy-to-let mortgages, bridging or … Read More

SMEs strained by late council payments

April 24, 2017 |

SMALL- and medium-sized enterprises (SMEs) across the UK are suffering from credit constraints because of local councils’ long repayment timeframes, claims new research.

The country’s slowest-paying local councils such as Peterborough and Richmond took on average 36 to 38 days to … Read More

SMEs funding appetite surges after Spring Budget

April 19, 2017 |

UK SMALL businesses’ funding appetite surged after the Spring Budget, the National Association of Commercial Finance Brokers (NACFB) said, as they rushed to shield their growth plans against rising business costs.

The average value of funding enquiries via the NACFB’s “findSMEfinance” … Read More

£45bn late payment burden hangs over UK SMEs

April 11, 2017 |

MORE than half of the UK’s 5.5 million small- and medium-sized enterprises (SMEs) are owed a total of £44.6bn in late payments, new research showed on Tuesday.

One in five firms are owed more than £25,000 and almost one in … Read More

SME access to finance ‘worse outside London’

April 10, 2017 |

ONE THIRD of small- and medium-sized enterprises (SMEs) struggle to access bank finance, with credit conditions perceived to be worse outside London, a survey claims.

Research by CYBG, owner of the Clydesdale and Yorkshire bank brands, found 35 per cent … Read More

SMEs feel the pinch as inflation soars

April 5, 2017 |

UK SMALL businesses have seen their basic costs soar by 3.2 per cent over the past year, but 59 per cent have not prepared for inflationary pressures, Barclays research has found.

The small business cost index, created by the high-street … Read More

SMEs owed £26.3bn in unpaid invoices

March 31, 2017 |

ALMOST half of small- and medium-sized enterprises (SMEs) suffer from late payments, with UK firms owed £26.3bn in unpaid debt, according to a survey.

Research by payment services company Bacs found 47 per cent of SMEs have customers who flout … Read More

SMEs ditching overdrafts for asset based lending

March 27, 2017 |

ASSET-BASED finance is increasingly taking market share from bank overdrafts as a key source of funding for small- and medium-sized enterprises (SMEs), research claims.

Analysis by trade body the Asset Based Finance Association (ABFA) found during 2016 an average £9.5bn … Read More

FCA appoints new chair for SME panel

March 23, 2017 |

THE FINANCIAL Conduct Authority (FCA) has appointed a new chairman for its smaller business practitioner panel, an independent body that represents the regulatory interests of small- and medium-sized enterprises (SMEs).

Craig Errington, who serves as chief executive at financial services … Read More