A recent survey shows over 1.4 million jobs could be at risk as 363,000 small businesses plan to stop trading during the next five years, according to a survey commissioned by business for sale marketplace Bizdaq. With the average small businesses employing just over 4 employees, there would be 1.4 million jobs at risk. Also, …
Optimistic SMEs face costs challenge
Britain’s small and medium-sized enterprises are cautiously optimistic about their prospects for the year ahead, new research from Close Brothers shows, but nervous about the extent to which their costs are set to rise. The latest Business Barometer from Close Brothers, the quarterly snapshot of SME attitudes, opportunities and threats, reveals that almost half (49.5%) …
Leeds-based technology firm seeks equity investment to take money-saving app global
A Leeds-based technology start-up firm is seeking growth investment, following the launch of its innovative mobile application, which reveals the cheapest mobile phone contracts available to the UK consumer. yboo, which launched in April 2017, is keen to secure equity investment to drive business growth and development to launch yboo in North America and Australia. …
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Alternative Lender Welcomes Government Review of Business Lending Initiative
Just Loans Group, the alternative lender to SMEs, has responded positively to the appointment of Professor Russel Griggs to review the effectiveness of the recently introduced online portal to offer businesses an alternative to mainstream lenders. Part of the Small Business, Enterprise & Employment Act 2015, the Bank Referral Scheme was launched in November 2016 …
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Central England Co-Operative Celebrates Rise in Responsible Business Ranking
Central England Co-operative is celebrating being awarded 4.5 stars out of 5 in Business in the Community’s 2017 Corporate Responsibility Index (CR Index). The hard work of colleagues across the Society has resulted in its rating leaping from 2.5 stars to 4.5 stars in just 12 months, with an overall score of 98 per cent, …
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ESG Completes Acquisition of UK-based Utiligroup
Energy Services Group, LLC (ESG), the retail energy industry’s leading provider of SaaS solutions including transaction management (EDI), billing and CIS, wholesale energy services, and sales and pricing, announced today it has acquired UK-based Utiligroup. The combination brings together two market leaders in their respective geographies and will enable local and global energy resellers across …
‘Brexit can be a good thing for the FinTech sector’, says leading innovator
Despite potential issues, the FinTech sector is set to benefit from Brexit according to leading FinTech provider Trusek. Trusek, which provides a FinTech software platform to give growth businesses a faster route to market, is highlighting the potential benefits of Brexit for the FinTech sector as the Prime Minister triggers Article 50 this week, formally …
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Unfair contract terms costing small firms billions
New research by the Federation of Small Businesses (FSB) suggests half (52%) of small firms have been stung by unfair contract terms with suppliers, which over the last three years has cost nearly £4 billion. Suppliers are failing to make auto-rollover clauses clear up front (24%), thus tying businesses into lengthy notice periods (22%), upon …