Dark clouds on the economic horizon according to UK SMEs

Posted on Posted in Bad debt, Bank of England, Bibby Factors, Bibby Financial Services, Blog, China, Economic growth, IMF, Inflation, Late payments, SMEs

The findings of our SME Confidence Tracker, reported in the Daily Telegraph, highlight subdued business confidence in Q3. Our research among 1,000 UK SMEs, shows declining business performance and significantly lower sales expectations for the final quarter, when compared with the same period in 2014. Investment is also on shaky ground. Less businesses are recruiting, and – overall – investment in people is down 6%, year-on-year. Though there are small pockets of optimism in both geography […]

A change in supply-chain culture is needed to address the problem of late payment

Posted on Posted in Blog, David Postings

Late payment has been a barrier to growth for UK businesses for decades, in some cases threatening their survival. Putting this issue into context, in February, Bacs Payment Schemes (Bacs) reported that in excess of £32 billion is owned to SMEs in the UK. Larger businesses are often blamed for the havoc this wreaks on SMEs, but are they really to blame? Sadly, the answer is frequently yes. As an example, in January it was […]