Unpaid invoices hitting small businesses hard 

Smaller businesses regularly have to deal with clients paying late, or not at all Typical UK micro-businesses write off an average of £1,804 in unpaid invoices per year, research finds.  With five million micro-businesses in the UK this equates to a total of over £9...

Freelancers integral to UK economy, finds study

There were 1.91 million freelancers in 2015 Freelancers’ contribution to the UK economy soared to £109 billion in 2015, according to research.  Freelancers’ economic contribution is often disproportionately higher than that of other businesses as this group largely...

Small businesses trust their bank to be payment provider

Trust in banks is most strongly held by sole traders Small companies retain strong trust in their banking provider, but there remain barriers to adoption of different types of payment services, research finds. Nearly two thirds (59 per cent) of UK small businesses...

Billions in loans up for grabs for small businesses 

HSBC aspires to lend more to UK SMEs of all sizes HSBC has launched a £10 billion lending fund to support small and medium-sized enterprises in the UK.  The initiative from the bank is part of a broader commitment to make banking cheaper and simpler for customers. The...