A survey conducted by the Federation of Small Businesses, or FSB, has come up with some startling revelations. Three out of every 10 companies have been duped financially and the culprit is most cases (13 percent) are customers or a client while ‘card not present’ accounts for 10 percent of the fraud cases. This apart, […]
Tag: SMEs
More SMEs lodge complaints to the ombudsman than ever before
The number of SMEs that issued a complaint to Britain’s Financial Ombudsman in 2012 increased sharply supporting the claims that many small businesses make that they not given access to the finance needed to grow even though the government has been pushing for increased lending. Last year the Financial Ombudsman reported that they received 17% […]
Bank of Wales urged to do more to help SMEs
In order to make it easier for small and medium sized firms to acquire the principal money that they need, Plaid Cymru is encouraging the Bank of Wales, owned by the Welsh government, to do more to make the process easier for the SMEs. According to Alun Ffred Jones, the group’s spokesman, the economic commission will […]
SME reap more benefits from the Royals than the Olympics
According to new research conducted by Aldermore the banking agent, British SMEs feel that the Monarchy benefited their business prospects much more this past summer than the Olympic Games. About two-thirds of the SMEs questioned as part of the survey stated that the Olympics did help positively impact their businesses, but an overwhelming 88% stated […]
SMEs digging into their own cash reserves to keep their heads above water
About two-fifths of all SMEs are continuing to fund their businesses using their own cash reserves to help them get through the recession, according to new research from Aldermore Bank. The UK challenger bank found that SMEs are funding their own expansions because they do not think they will get bank approval for a finance […]
SMEs head the UK’s march back to economic stability
SMEs are leading the UK out of recession as they are one of the main contributors to the country’s economy. Two new reports show how SMEs in the East of England are coming up swinging with one report detailing how medium sized businesses are still able to achieve growth numbers and another report stating that […]
Yorkshire SME’s report welcome growth
Despite reports of an industry downturn, small and medium-sized manufacturers in Yorkshire are reporting increased sales and predicting future growth. A hundred and sixty SME’s in the county were surveyed by the Manufacturing Advisory Service and 58% of them said that their orders grew in the last six months and 55% said that they were […]
Scottish SME’s on the up and up
SME’s in Scotland are currently winning 78% of public sector contracts, which compares with just 13.7% in England. This figure was revealed in a consultation document published by the Scottish government. It was asking for feedback on a procurement reform bill which it hopes to introduce into the Scottish parliament next year. These figures are […]
Banks fight their corner following recent scandals
With the current debate over lending policies in the spotlight, banks are defending their position by claiming the public don’t understand the narrow margins that banks operated on. A bank’s lending division can be in trouble if just one in 100 loans went bad in the SME sector and the difficult financial climate is making […]
SME’s in the West Midlands showing great improvements
The Marketing Birmingham Regional Observatory and the Greater Birmingham and Solihull Local Enterprise Partnership have conducted research that shows that Small and Medium Enterprises in the area are really reaping the rewards when they target the overseas market. They experienced, by far, the highest growth in turnover and employment. Although the research revealed that the […]