Insolvency trade body R3 calling for new reforms

R3 Association of Business Recovery Professionals are pushing the UK government to make changes to current insolvency schemes to benefit small businesses. R3 have found that 1 in 6 insolvencies are caused by the failure of another company, suggesting that small businesses could be failing due to their debtors not paying them what they are owed. The…

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Financial support for SMEs

New Funding for Lending Scheme (FLS) figures show a £435 million decrease, however British Banking Association (BBA) director Irene Graham states that there has been an increase in borrowing by small and medium sized businesses. Although the overall amount borrowed reduced by £435 million in the second quarter of the year lending is at an…

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