Small Businesses Chasing Overdue Invoices Worth £27k

Small Businesses Chasing Overdue Invoices Worth £27k

12 September 2023 – Late payments have been a huge problem for small businesses for a long time. But new research revealed that small businesses are waiting on average for overdue invoices worth £27,214 to be paid. Small and medium-sized enterprises (SMEs) have long called on the government to tackle the issue of late payments. … Read more

Over 150,000 New Businesses Started By Women In 2022

Over 150,000 New Businesses Started By Women In 2022

5 September 2023 – The number of female entrepreneurs in the UK has risen, despite the challenging economic landscape, with more than 150,000 new businesses started by women in 2022. 2022 was a tough year for small businesses. Many were still recovering from the impacts of the COVID pandemic, when they got hit by supply … Read more

Financial Wellbeing Impacted By Cost-Of-Living Crisis

Financial Wellbeing Impacted By Cost-Of-Living Crisis

29 August 2023 – The cost-of-living crisis is causing UK employees a lot of stress. Despite this, 64% of workers say that their employers aren’t supporting them with measures to improve their financial wellbeing. Many households have seen their budgets shrink due to the cost-of-living crisis. Especially the rising costs of food and energy hit … Read more

Government Launches UK Business Climate Hub

Government Launches UK Business Climate Hub

15 August 2023 – On Monday the UK Government has launched the UK Business Climate Hub to support small businesses to cut their carbon emissions and save money on their energy bills. Since 2019, the UK is bound by law to achieve net-zero carbon emissions by 2050. According to research, business and industry are responsible … Read more

Social Media Top Sales Generator For 28% Of SMEs

Social Media Top Sales Generator For 28% Of SMEs

8 August 2023 – New research has found that social media is now the top sales generator for 28% of small businesses. It replaces other sales channels such as e-commerce and actual stores. A study surveying 2,000 UK adults, 500 of which have their own business, has shown that social media generates more sales for … Read more

79% Of Small Businesses Are Positive About Their Performance

79% Of Small Businesses Are Positive About Their Performance

1 August 2023 – Despite the challenging economic landscape, the majority of small businesses are optimistic for the future, with almost 80% being positive about their performance. The past few years were tough for small businesses: the pandemic, supply chain issues, energy prices soaring, inflation rising, borrowing costs going up and business rates and taxes … Read more

Contactless Payment Top Payment Method In UK

Contactless Payment Top Payment Method In UK

25 July 2023 – Contactless payment is the favourite payment method of the Brits, overtaking cash payments in face-to-face transactions. The use of cash to pay for goods in stores has reduced for quite a while now. Especially during the pandemic, card payments became the safer option compared to paying with cash. New research has … Read more

64% Of Employees Would Rather Quit Then Return To Office

64% Of Employees Would Rather Quit Then Return To Office

18 July 2023 – While during the pandemic remote working was a necessity, many companies want their workers back in the office. But employees would rather quit then return to the office full-time. Hybrid working was the only option during the pandemic, when the government ordered people to work from home where possible. When restrictions … Read more

Loyalty Programmes Key To Retaining Customer Base

Loyalty Programmes Key To Retaining Customer Base

11 July 2023 – As the cost-of-living crisis reduces the budgets of consumers, it can become difficult for small businesses to hold on to their customers. A loyalty programme can help build a loyal customer base. With inflation remaining stubbornly high and interest rates rising, many consumers see their budgets shrink. More than half are … Read more

Total Number Of UK Businesses Increased By 4.5%

Total Number Of UK Businesses Increased By 4.5%

4 July 2023 – New data released by Companies House shows that between March 2022 and March 2023 the number of UK businesses has increased by 4.5%. Every year, Companies House releases official statistics about the changes in the UK business landscape in their Companies Register Activities report. The new figures cover the financial year … Read more