US/UK/Canada

Share

Pick a time period -
Tags ( Active)

Construction sector writes off almost £2bn in outstanding payments each year

More than 70 per cent of sector firms suffer ‘bad debt’ according to reportBanbury, UK - Every year, construction firms in the UK write off more than £10,000 each when customers do not pay, according to a new report. Published by business funder Bibby Financial Services  (BFS) and industry experts, The Vinden Partnership (TVP), the Planning for Growth report  reveals that over 70 per cent of SME construction firms have suffered bad debt over the past three years. The average amount

A third of small businesses ‘in the dark’ over money owed

Funds locked-up in outstanding invoices stifle growth, warns funderBanbury, UK - More than a third of small and medium-sized businesses are in the dark about how much money they are owed in unpaid invoices, research by funder Bibby Financial Services  has revealed. In total, 36 per cent of SMEs were unable to say how much they have outstanding. Of the businesses that did know, almost a third (31 per cent), said they were owed more than £20,000 and more than one in 10 (14 per cent) were owed more than £50,000. Six per cent were owed in excess of

Bibby Financial Services boosts SME funding in Wales by 40 per cent

Specialist funder significantly increases funding to Welsh businesses over 12 monthsWales, UK - Small and medium-sized businesses in Wales  benefitted from almost £20 million in funding over the last 12 months, thanks to support from specialist funder Bibby Financial Services . The UK’s largest independent invoice finance provider increased lending to firms in the region by more than a third (38 per cent) year-on-year, from £14.37 million in August 2013 to £19.9 million

Bibby Financial Services launches funding offer for mid-size businesses

No fees and short-term contract on offer as introduction to invoice financeBanbury, UK - The need for greater flexibility and the importance of excellent customer service are behind the decision by the UK’s largest independent invoice finance provider, Bibby Financial Services , to launch a new promotional offer for larger SMEs looking for funding support. The new offer, which is available to businesses with a turnover of £500,000 to £1.5 million until 30 November, is in response to research carried out by Bibby Financial Services among 1,000

One in three SMEs actively considering a different form of business finance

Up to 20 per cent say their current source of finance is inflexibleBanbury, UK - One third of small to medium-sized UK firms are considering a change of business funding provider in 2014, citing a lack of flexibility and poor customer service among the top reasons for moving. Research carried out by independent invoice finance provider, Bibby Financial Services , revealed that business owners expect similar levels of service as non-business customers, with more demand for facilities such as 24-hour online access. The research carried out among 1,

Scottish SMEs failing to match funding to growth aspirations

Few firms aiming to secure finance despite investment plansDespite the buoyant mood of small and medium-sized businesses (SMEs) in Scotland as confidence levels are restored and more than two thirds (69%) of owners predict ‘significant’ growth, a new report from Bibby Financial Services  reveals that when it comes to seeking finance for their business, SMEs are failing to shop around.   The SME Sentiment Scotland report  shows that nine in ten Scottish SMEs claim they are not looking for

There are no items matching the current filter
There are no more items matching the current filter
Back to top

Rss