How are late payments affecting SMEs?

Late payments are something that businesses across the country suffer from and they can cause a great deal of stress for business owners. The general payment terms are 30, 60 or 90 days in which goods or services must be paid for however 90 days can seem like a long time to wait for customers to pay - especially if there are other payment commitments to meet.

UK economy slows in July with growth at 0.1%

After six successive months of economic growth following the pandemic, in July the growth had slowed to 0.1%, compared with 1.0% in the previous month.

The reopening of the arts and entertainment sector is thought to have contributed to the ongoing growth however an increase people being ‘pinged’ to self-isolate has kept many in their homes.

Future-proofing your business to prepare for change

If the past year has taught us anything, it’s that life can throw anything our way, no matter how prepared we think we are. The Coronavirus pandemic threw the world of business into disarray, with almost every business being forced to change the way that they work. Though the last 18 months have been an extremely difficult, many of the UK’s businesses continue to power on and recover, proving it is not impossible to survive when the unexpected happens.