Managing a SME can be very challenging, but new research has shown that using an accountant can help small firms enjoy higher revenues. The survey, which asked 4,000 small businesses about their use of professional accountancy services, concluded that those with expert help are achieving 11.5% more in revenue than those who don’t. Almost three-quarters […]
The Fair Payment Code has been launched to help better tackle SMEs who are paid late. The burden of not being paid on time, and chasing payments, is weighing heavy on small firms with more than ever declaring insolvency. And with SMEs owed, on average, £22,000 a year the Code aims to help with the […]
The UK offers a variety of grant funding opportunities to support SMEs. These grants often aim to promote innovation, business growth, sustainability, or regional development. But it can be difficult to know where to start! Here are some of the main UK grants and funding programs currently available to SMEs: Innovate UK GrantsInnovate UK is […]
As businesses of all sizes seek to recover from the Covid pandemic, research suggests that SMEs in particular need help to market their products and services. In a survey of 500 small business owners, almost half (42%) said that they were not clear on how to market their firm and specifically lacked knowledge and skills […]