British SMEs own £770 billion in assets – equivalent to 48 per cent of the UK’s GDP – and are owed £291 billion in outstanding invoices that they could use to fund future growth, according to new research published today by Lloyds Bank Commercial Banking.
Although businesses are becoming more confident about investing in future growth, and although many are aware of invoice financing as a possible form of lending, very few businesses have used it to drive growth in the past 12 months.
Invoice finance can help businesses release cash quickly, giving them access to up to 90...
70,000 business premises in the South West will see their business rates freeze or fall in new cap to business rates introduced in the Chancellor’s Autumn Statement today.
In the plans many businesses will continue to receive discounted rates from the Small business rates relief while business worth less than £50,000 will gain a £1,000 discount to their business rates.
The plans will also see 44,000 South west businesses pay no rates at all.
The cap is introduced alongside a range of other measures designed to aid businesses and the high street. These measures...
Local chartered accountants, Francis Clark has announced that TV personality and former Secretary of State Michael Portillo will be the keynote speaker at the firm’s second Finance in the South West seminar to be held in February 2014.
The seminar brings together the people representing funding and support streams potentially available to SMEs and includes presentations and participation from major providers of business funding and support, case studies, networking opportunities for owner/managers to ask “one-to-one” questions and coverage of grants, debt and equity.
Specialising in assisting small and medium sized businesses across the South West region, local accountants Ocean Consultancy Limited based in Crediton, Devon announce a merger with Haines Watts Chartered Accountants Exeter.
A national network with over 50 offices, each Haines Watts office operates independently offering a wide range of services tailored to the local market. The Exeter Office primarily focuses on accountancy and taxation services to owner managed businesses and dealing with individual’s tax affairs, with the specialist Forensic accountancy team undertaking work...
