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Some SMEs take over 90 days to pay their contract staff

● 43% of UK SMEs struggle to pay their contract workers on time as a result of cash flow problems. ● 63% say that late payments from clients or customers have a negative knock-on impact on their ability to pay contract workers on time. ● Comparative annual research finds worsening cash flow issues at UK SMEs make it even harder to access and retain talented contract workers.

Contributor: Richard Prime, Co-Founder & Co-CEO - Sonovate | Published: 1 September 2023

Continuity is key in times of economic uncertainty

This article explores the challenges and pressures that many SME owners face in an uncertain economic climate. With time a valuable asset for these stretched business leaders, reliable connectivity is key to business continuity and means one less worry on their plates.

Contributor: Steve Hackley, Managing Director - Sky Business | Published: 29 June 2023

SMEs risk losing a quarter of their female talent

The latest data from employee engagement specialist Sodexo Engage reveals that SMEs are at risk of losing a quarter of their female employees, with 28% of female staff planning to leave their role in the first half of 2022.

Contributor: Burcin Ressamoglu - Sodexo Engage | Published: 26 April 2022

UK businesses predicting growth superbloom

UK fintech Soldo has today published a new report looking at the anticipated post-pandemic boom for UK business and the challenges/opportunities this presents for finance teams.

Contributor: Devonne Spence, Head of Public Relations - Soldo | Published: 1 December 2021

SMEs have thrived in the pandemic with profits booming

Despite the economy taking a thrashing throughout the pandemic, the UK’s SMEs report strong financial performance, according to new research published today by business coaching and consultancy firm, Chalkhill Blue.

Contributor: Chalkhill Blue | Published: 2 November 2021

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Businesses set back 18 months by pandemic

UK organisations anticipate that it will take 18 months to fully recover from the disruption of the Covid-19 pandemic and subsequent social distancing measures, with small businesses leading the way back to “normal”

Contributor: Professor Tim Blackman, Vice Chancellor - The Open University | Published: 5 July 2020

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Employers say it’s a positive outlook on remote working

As many businesses continue to have staff work remotely in line with government advice, what have they learnt so far? Research conducted with 250 UK SME business owners by Hitachi Capital Invoice Finance reveals new perceptions on the remote working of staff.

Contributor: Andy Dodd, Managing Director - Hitachi Capital Invoice Finance | Published: 3 June 2020

Coronavirus crisis already hits SMEs with £277,000 costs

According to a landmark nationwide survey by Fiverr, the Coronavirus crisis has already cost UK SMEs an average £277,893 each - and 64% expect their revenues to decrease by half in coming months. And despite this, 68% are feeling more optimistic about remote working since Government social distancing measures have been in place.

Contributor: Liron Smadja, Director - Fiverr | Published: 7 May 2020