Monthly Archives: August 2016

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Businesses do not feel supported by their banks

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This feeling is most pronounced in the category of businesses turning over less than £1 million, in which 30 per cent claim to feel ‘unsupported’ by banks. The study, commissioned by P2P finance specialist Nucleus Commercial Finance, also reveals SMEs are in the dark regarding the notice periods on their business overdrafts. Some 40 per cent of SMEs claim their
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Small businesses writing off mountains of debt

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When asked how much money their business had written off in unpaid debt in the previous financial year, around one in five (19 per cent) businesses say they had written off debts at an estimated average loss of £31,330. However, almost one in ten (nine per cent) of these SMEs claimed to have written off debts
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Brexit is an opportunity rather than a hindrance, finds SMEs

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The referendum result may have sent Sterling plummeting to a 30-year low, but almost half (47 per cent) of small business leaders anticipate no disruptive impact at all from Brexit. Only 14 per cent are concerned that the UK leaving the EU will significantly affect them, according to a study by CitySprint. The company’s survey has found
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