Record numbers are expected to register their new business ideas this month as Britain’s entrepreneurs continue to make building a business their New Year’s resolution. Data from 123 Reg shows a spike in the number of websites registered in in January each year. In fact, based on the past five years activity, British entrepreneurs are up
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£1 billion support package pledged to support UK businesses
by Owen Gough • • 0 Comments
Metro Bank has today signalled that it is open for business with £1 billion of funds ring-fenced for 2017 to lend to both new and existing business and commercial customers. The bank has a clear track record in supporting businesses, lending over £544 million to its business and commercial customers in 2015, as well as
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No progress in government export campaign, says ICAEW
by Owen Gough • • 0 Comments
The number of businesses exporting has not changed in the last two years, according to research by ICAEW. Despite a £1 trillion export target and advertising campaign by government, only 53 per cent of businesses are exporting – no change from 2014 – and nearly all (96 per cent) of non-exporters have no plans to sell overseas
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2016 marks year of strong IPO performance
by Owen Gough • • 0 Comments
AIM finished 2016 on a high as the 38 companies that floated on the market ended the year up more than 39 per cent on average. In addition, 263 companies, already quoted on AIM raised more than £3.8 billion in further fundraising, underlining the market’s capacity to act as a vital source of permanent IPO
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Subcontractors stung to the tune of £16,000 each, per year
by Owen Gough • • 0 Comments
Every year UK subcontractors are forced to write-off more than £16,000 each, due to unpaid work, according to a new industry report. The Subcontracting Growth report from specialist funder, Bibby Financial Services (BFS) found that smaller construction firms are at the receiving end of penalty clauses and disputes with main contractors and other firms over
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Two thirds of traders say December is worst month for delayed invoices
by Owen Gough • • 0 Comments
Improved cash flow could be the cornerstone of SME and sole trader success in the UK according to new research carried out by mobile card payment app, SmartTrade App. Delayed invoices or non-payment is a hinderance to SMEs and sole traders throughout the UK with four in ten applying for loans or other finance, citing
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Where are the best hotspot start up areas for SMEs in London?
by Owen Gough • • 0 Comments
Flexioffices have recently conducted comprehensive research into the distribution of small to medium enterprises (SMEs) across London out-codes. SMEs were segmented based upon their sector, which allowed the study to compare the distribution of SMEs in each sector based on their out-code. The study used Flexioffices’ data from the past two years to determine that
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Young British workers consider turning their hobby into a business
by Owen Gough • • 0 Comments
Two fifths (44 per cent) would prefer to be their own bosses and turn their hobby into a business according to new research from Wix. In fact, 32 per cent of Brits think that they are better at their hobby than at their current job, and over a quarter believe that they could make up to
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UK SMEs expect accelerating revenue growth in the New Year
by Owen Gough • • 0 Comments
The fourth quarter SME Growth Tracker finds that SMEs have increased their revenue growth expectations for the coming 12 months, despite losing some confidence in their business prospects and the broader UK economy. The report is based on a YouGov survey of more than 1,000 SMEs across the UK. SMEs project revenue and jobs growth
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Outsourcing to become vital digital strategy as SMEs face digital skills gap
by Owen Gough • • 0 Comments
Small and medium sized businesses that are attempting to adopt and incorporate digital technology face a skills shortage, hampering their growth and slowing the speed of their future development. But, SMEs can still take advantage of digital opportunities by outsourcing their digital needs to professionals and businesses with experience and knowledge of the digital sector,
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