Latest News & Events
Average UK SME now does not have enough cash to cover debts due in next year
Our analysis of the balance sheets of more than 13,500 SMEs in the UK shows that the average SME now has only 95% of the cash (or other easily realisable assets) to pay those debts due in the next 12 months.
1,452 UK restaurant business and 526 UK pub business insolvencies last year
1,452 UK restaurant businesses and 526 UK pub businesses went insolvent in 2019, highlighting the weak state of the leisure industry as it entered the Coronavirus-related disruption.
Coronavirus: HMRC’s Business Payment Support Service overwhelmed by queries from businesses
HMRC’s Business Payment Support Service (BPSS) has been overwhelmed by enquiries from businesses and self-employed individuals impacted by the Coronavirus outbreak with some callers put on hold for as long as 48 minutes.
COVID-19: Advice for investors and savers
Whilst there are few government measures targeted specifically at savers and investors, there are a number of things for you to consider over the coming weeks and months.
Coronavirus Job Retention Scheme portal update
HMRC say they expect to open the Coronavirus Job Retention Scheme (CJRS) portal on 20 April, which is slightly ahead of their anticipated launch date of the end of this month.
New protection for exporters from UK Export Finance
UK Export Finance have extended their insurance policy for exporters to cover all key global business jurisdictions in response to Covid-19, protecting UK businesses from non-payment of contracts from overseas customers.