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SMEsLatePayments

FPB: late payment remains big concern for SME bosses

A burgeoning recovery in the UK economy has not put a halt to the culture of late payment, raising serious concerns for many small businesses

A significant proportion of small- and medium-sized businesses have experienced a rise in late payments for their services, according to a new survey from the Forum of Private Business (FPB). Almost a quarter (23%) of the national small-business advocacy group’s members...

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  • SMEsLatePayments
    FPB: late payment remains big concern for SME bosses A significant proportion of small- and medium-sized businesses have experienced a rise in late payments for their services, according to a new survey from the Forum of Private Business (FPB). Almost a quarter (23%) of the national small-business advocacy group’s...
  • ManUMoyes
    Why Manchester United had to let Moyes go While arch-rivals Liverpool look set to raise the very title Sir Alex Ferguson paraded around Old Trafford almost 12 months ago, Manchester United’s current slump to seventh place in the Premier League has ultimately...
  • Crowdfunding
    Poundland founder uses crowdfunding for new estate agency Despite selling discount retailer Poundland for £50 million, founder Steve Smith has funded his latest business venture by using a type of crowdfunding. Smith raised £500,000 on equity-crowdfunding site Crowdcube to put towards EstatesDirect.com, a property...
  • BankOfDaveRBS
    Bank of Dave tycoon aims to snap up Burnley RBS branch Self-made millionaire Dave Fishwick, famous for his appearance in TV series Bank of Dave, has launched an ambitious bid to take over the Royal Bank of Scotland (RBS) branch in his hometown of Burnley. The minibus tycoon and finance guru...
  • Sickness&Absence
    Why UK SMEs must reform sickness and absence rules Small- and medium-sized businesses in the UK must overhaul their sickness and absence procedures, following the abolition of a relief scheme designed to compensate employers for the effects of staff illness, a Huddersfield based firm of solicitors has urged. From...
  • RealWages
    Real wages to surpass inflation for first time in six years, says EY Wages are expected to rise past inflation for the first time in almost six years, according to the latest report from economic forecaster the EY ITEM Club. According to the auditor, the average wage will rise by 1.7% in the...
  • LordJones
    Digby Jones: The New Troubleshooter, episode 1 Following in the footsteps of Sir John Harvey-Jones, who presented The Troubleshooter in the 90s, seasoned industry mogul Digby Jones puts specific businesses under the microscope and sets about solving their problems in his new show on BBC2. In the opening...
  • StartupGrowth
    UK start-ups in 23% rise since start of 2014 The number of small businesses established in the UK since the start of the year has grown by 23%, according to new research by Freelancer.co.uk. A survey of 300,000 businesses over the past 12 months found that a boost of...
  • Manufacturing
    Manufacturing bosses punch above weight to boost pound UK manufacturing grew more strongly than expected during February, surging by almost 1% compared to the previous month, the Office for National Statistics (ONS) has revealed. Far outpacing economists’ predictions of a month-on-month rise of 0.3%, the latest growth...
  • MobileRetail
    Retail chiefs expect boom in mobile sales Up to 11% of retailers expect more than half of their online sales to be made via smartphones or tablet devices by the end of this year, according to the new e-Retail Survey from specialist trade body Interactive Media in...
  • AlexFerguson
    Legendary football manager Sir Alex Ferguson lands Harvard job Former Manchester United manager Sir Alex Ferguson has begun the next stage of his post-football career by signing up to a “long-term teaching position” at the prestigious Harvard University. Having previously delivered a lecture on his management style at the...
  • CivilService
    CMI launches new qualifications for civil service The Chartered Management Institute (CMI) has collaborated with City & Guilds on a series of new qualifications aimed at training civil service workers in skills identified as scarce in a government report last year. Aimed at workers in the Operational...
  • SportsDirect
    Sports Direct shareholders scrap Mike Ashley bonus Sports Direct shareholders have blocked company founder Mike Ashley’s bid to reward himself with a £73m bonus package. The deal would have given the Newcastle United owner 8 million shares in the UK’s biggest sports retailer – but was ruled...
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  • WomenOnBoards
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  • SMEApplication2
    SME bosses urged not to abandon annual audits British companies could face difficulties accessing loans from banks if they choose to opt out of annual audits in the wake of new EU rules, a leading independent finance provider has warned. Under the new European audit threshold, companies with...
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    Prize letter: Unhealthy trend I was sad but unsurprised to read the reference in your recent magazine (Winter 2014, page 10) to the perception that healthcare managers are ineffective. I entered NHS management as an arts graduate in 1973. It was made clear to us...
  • BonusBlame
    UK chiefs don’t blame bankers for bonuses, says study Almost three quarters of British managers support remuneration strategies in the sales profession, despite widespread media outcries over bankers’ bonuses in the past six years, according to research from YouGov. Since the economic crash of 2008, a multitude...
  • WorkplaceStress
    Managers urged to rethink workplace stress Growing problems linked to stress-related absence won’t be tackled unless organisations start to think differently about the pressures staff face, according to a new whitepaper released today by Right Management Workplace Wellness (RMWW). The paper’s proposals...
  • CandyCrush
    Candy Crush maker floats on NYSE despite investor uncertainty King Digital Entertainment has become the latest gaming company to float on the stock market, achieving a valuation of $7.6bn (£4.6bn), but many market experts remain uncertain regarding the firm’s long-term investment potential. By any assessment, King's...

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