Proof that businesses are finding it increasingly difficult to collect their cash is provided in new statistics – published for the first time – from the Credit Services Association (CSA), the industry body representing the UK debt collection industry. At the end of September 2012 (Q3), the amount outsourced by businesses to third-party debt collection agencies stood at £1.145 billion, an increase of 12 percent on the previous Quarter (£1.021 billion) and more than £216 million higher... Read more >

The asset finance (leasing and hire purchase of business equipment) market grew by nine per cent in the second quarter of 2012, as over 50,000 businesses invested in new equipment using leasing. These latest figures come from the Finance & Leasing Association, the trade body for the asset finance industry. While lower than the 13 per cent growth seen in the first quarter, the second quarter asset finance figures contrast with the fall shown in the latest estimates of Gross Domestic Product. IT... Read more >

Skipton Business Finance has seen a marked increase in corporate finance deals in the first half of 2012 compared to the same period of time in 2011, boosting hopes that the UK economy is finally emerging from the current recession. The invoice financier says that the rise in corporate finance transactions, such as management buy-outs (MBOs), management buy-ins (MBIs) and acquisitions, has led them to post a record first half in advancing funds to UK businesses. Andy Grantham, sales & marketing... Read more >

The latest biannual SME Trends Index research from Hilton-Baird Financial Solutions has found that businesses who access “quick-fix finance” are storing up problems for their future. Businesses who choose short-term solutions such as credit cards and loans often suffer with restricted business growth, sluggish productivity and a lower turnover. The research, which questioned 454 business owners and finance directors in April 2012, highlighted the challenges businesses have faced in the last six... Read more >

Hilton-Baird Financial Solutions has announced a new strategic partnership with The FD Centre. This collaboration will see both businesses working closely together in order to assist the nation’s SMEs. The FD Centre provides access to the highest calibre of finance directors, making them well placed to support the SME community. The idea is to collaborate in order to provide owner managers with direct and expert access to the necessary cash flow solutions. This will be delivered alongside support... Read more >

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