Posts Tagged ‘insolvency statistics’

Budget Finance Boost, Iwoca Lloyds & Open Banking, Company Insolvencies – BFB 233

Posted on: November 3rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

With the 2018 Budget behind us we open this Bulletin by looking at finance-specific measures. The British Business Bank, the home to the government finance raising schemes, received several boosts from the Chancellor with the aim of securing business access to finance, particularly post-Brexit.

Earlier in 2018 we looked at the launch of Open Banking and how it is going to revolutionise applying for and controlling finances. How useful Open Banking is going to be is highlighted by the announcement from Iwoca that it has agreed a link up with Lloyds which will speed up access to finance.

To close this Bulletin, we review the latest quarterly statistics from the Insolvency Services. The Quarter 3 figures make gloomy reading with the number of businesses entering into an insolvency arrangement reported as on the rise.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Barclays and Marketinvoice, Company Insolvencies, and Business Borrowing – BFB 226

Posted on: August 4th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In recent Bulletins, we have shared news of various collaborations between finance providers. The latest is an announcement from Barclays Bank of a tie-up with online Invoice Discounting firm MarketInvoice. This is another example of Old World meets New World.

The most recent statistics to Quarter 2 2018 on company insolvencies has been released by the Insolvency Service. Not surprisingly, but not of any less concern, is the news that insolvencies are on the rise. What impact will the latest increase in Interest Rates have on those businesses already struggling?

To close this Bulletin, our monthly look at borrowing levels among small business. Once again, from the latest Bank of England and UK Finance figures, business owners still appear to be reluctant to borrow and instead are busy hoarding cash.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Barclays Green Trade Loan, Business Insolvencies and Xero on Late Payments – BFB Epsd 213

Posted on: May 5th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

To open our latest Bulletin, news of how businesses involved in sustainable activities can now benefit from a tailored finance solution offered by Barclays Bank. The Green Trade Loan is aimed at supporting environmentally-focused businesses in need of working capital.

Turning to more sobering news, we review first quarter figures released by The Insolvency Service on the number of businesses entering insolvency arrangements. Unfortunately, the statistics show an increase compared to the first quarter of 2017.

To close this Bulletin, interesting findings from Xero, the online accounting software provider, and the FSB about late payment experience among its clients and members. If you undertake work with larger businesses or public sector, you are more likely to get hit by delayed payments.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Increase in Insolvencies, Small Business Funding Support and Credit Checks – BFB Epsd 205

Posted on: March 10th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Following a recent spate of high-profile company administrations, we open this Bulletin discussing the Euler Hermes Global Insolvencies Index which has revealed how in 2018 the UK is set to witness the second largest global increase in insolvencies. When linked with the latest bank lending figures, it looks like 2018 is turning out to be a challenging year.

Alternative lenders are continuing to announce the allocation of funds specifically focused on supporting small businesses. We look at funding pots set aside by Iwoca and Metro Bank designed to assist regional and national small businesses.

Do you credit check customers you give credit terms to? To close this Bulletin, we have a reminder of why it’s important to check your customer’s creditworthiness before you extend credit terms.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Corporate Insolvencies in 2017, Duty to Report Payment Practices and Business Plans – BFB Epsd 200

Posted on: February 3rd, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

Here we are with the 200th episode of the Business Finance Bulletin – another milestone achieved in bringing you the latest small business finance news and tips.

We start this episode by taking a look at the 2017 corporate insolvency figures released by the Insolvency Service. Whilst the whole year makes sombre reading in terms of an increase in the number of businesses entering insolvency proceedings, the last quarter of the year though does make better reading.

One tool the government has in its toolbox to help tackle late payment is the Duty to Report requirement imposed on larger business in April 2017. We take a look at the payment practices of these firms as revealed in the first six monthly report.

When it comes to business planning, many business owners shy away from preparing a Business Plan because they are unsure what to include. To close this Bulletin, we share a quick content guide focused on four key areas.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Bank Referral Scheme Launch, Insolvency on the Up, SME Finance Updates – BFB Epsd 144

Posted on: November 4th, 2016 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

After 18 months in the planning the government’s Bank Referral Scheme has been launched. In this episode of the Business Finance Bulletin we look at how the scheme is designed to improve small business access to finance.

Despite post-Brexit confidence remaining relatively high we take a look at the latest statistics from the Insolvency Service, which reveals an up-tick in the number of businesses going down the insolvency route.

On a more positive note we close the Bulletin looking at news from the Bank of England that bank lending to small businesses continues to rise. We also share news from Crowdcube on how they are supporting a record number of businesses looking to raise finance by selling equity.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

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