11 March 2019
The value of bank loans being offered to small and medium sized businesses via the government’s flagship small business lending scheme has fallen to a record low, says Funding Options, the online business finance marketplace.
11 February 2019
UK bank lending to small and medium sized retail businesses has fallen by 4% in the last year, to £14.9 billion, from £15.6 billion the year before, shows new research from Funding Options.
7 February 2019
Business finance marketplace Funding Options has launched a partnership with Caxton FX for its market leading prepaid Business Currency Card to help UK small businesses better manage their finances when overseas for business trips, conferences, trade missions and meetings.
4 February 2019
Funding Options is today launching in the Netherlands, in partnership with ING, to help Dutch businesses find the right funding for them.
4 February 2019
Sales of eco-friendly commercial vans in the UK have increased by 21% in the last year alone to 1,523 in 2017/18*, shows new research from Funding Options, the online businesses finance supermarket.
14 January 2019
The Top Government outsourcers took over 6 weeks to pay their suppliers in 2017, which is 11% longer than just two years earlier, shows new research by Funding Options.
29 October 2018
Funding Options announced that Alastair Preacher has joined their team as Chief Product Officer to ramp up their product and scale the company's operations.
15 October 2018
There has been a 45% jump in the number of businesses that have had their assets seized by HMRC, to 2,833 up from 1,953 the year before
24 September 2018
Delays in payments to UK food producers have now increased to 45 days on average, up from 44 days in the previous year, shows research by Funding Options, the online business finance supermarket.
24 September 2018
The Government’s ‘Small Business Commissioner’ has helped just eight small businesses with complaints about late payments from customers.
10 September 2018
The turnover of the UK’s computer games industry has increased by over a third in the last year, rising 34% to £697m, from £522m the previous year, says Funding Options, the online business finance supermarket.
23 July 2018
Funding Options research shows that the turnover of the UK’s Top 100 takeaways has risen 10% in just a year, up to £2.7bn from £2.46bn.
18 June 2018
The payment delay crisis has worsened for small construction businesses in the last year, exacerbated by Carillion, with average waiting time over 42 days
8 May 2018
The number of electric vans on the road has hit a record high, rising to 3,880 at the end of 2017, up 30% from 2,990 in 2016. Figures released exclusively to Funding Options show the total number of electric vans in use has increased almost fivefold in under a decade, up 460% from just 685 in 2008.
23 April 2018
Nearly £200m lent to bridge cashflow troughs, follows confirmation by several high-profile restaurant chains of plans to close branches in order to reduce losses
3 April 2018
Over £500m lent by construction bosses to their own companies last year to cover cashflow shortfalls
19 February 2018
HMRC's recent refusal to accept personal credit card payments for tax bills likely to exacerbate situation
5 February 2018
Late payments from customers mean VAT can cripple small businesses's cashflow
15 January 2018
UK businesses currently owe HMRC £4.37 billion in overdue corporation tax and VAT as many struggle to find the cash to pay their tax bills
2 January 2018
Top 100 farming businesses see revenue fall by 3% in past year
7 December 2017
HMRC seized assets from 1,953 businesses in 2016/17 as they use increasingly aggressive methods to obtain tax
27 November 2017
Hard hit businesses in the construction sector are continuing to suffer from steadily increasing delays for their invoices to be paid
20 November 2017
The turnover of independent craft gin and vodka distillers in the UK has more than doubled in the past five years, driven by the surging demand for artisan spirits
3 November 2017
We welcome FCA plans to allow more SMEs access to the Financial Ombudsman Service (FOS)
23 October 2017
Online and multiplayer gaming drives performance surge, and tax reliefs designed to aid investment have played key role
11 September 2017
Top 30 UK craft brewers pass £125m turnover, with no slowing of the craft beer industry since 2011/12
21 August 2017
The number of old vans on UK roads has hit a record high, with business owners forced to sink money into maintaining aging fleets rather than investing in new vans
7 August 2017
The amount of cash that directors of smaller construction businesses pump back into their businesses has jumped 27% in three years
10 July 2017
Turnover of English wine sector more than doubles in just five years, as decline in sterling presents opportunity to tap into export market
19 June 2017
Restaurant owners risked over £200 million of their own money last year, as Brexit has pushed up import prices and staff costs
30 May 2017
Turnover of repairers nears £340m – up over 40% in 5 years
22 May 2017
The top 10 pub groups grow 3.5% in a year, but borrowing by the rest falls as banks reduce exposure
24 April 2017
Accessible funding for SMEs essential for dealing with Brexit challenges
10 March 2017
The Government has received more than a million appeals against business rates since the last rating review in 2010
8 March 2017
The Government has been urged to make four key changes in the March Budget to encourage SMEs to make long-term investment plans for growth
31 January 2017
Annual Investment Allowance forecast to be worth £2.7bn in 2016/17
23 January 2017
Late payments from clients key driver — businesses face having their assets seized by HMRC
9 January 2017
Lack of available bank lending squeezing margins of small housebuilders, while Brexit volatility could further impact their bottom line
20 December 2016
Unpaid sums could rise further post Brexit, and businesses might need to find alternative funding to pay arrears
14 November 2016
37% fall in the value of overdrafts provided to SMEs over the last five years
24 October 2016
Firms waiting average of 56 days for payment from major developers — late payments leave small firms struggling to manage cash flow
10 October 2016
Banks cut lending to wholesalers by £409 million in just two months — extra cost risk could drive up prices for consumer goods
3 October 2016
Dependable vehicles vital in online shopping and app “service” economy boom — unreliability and inefficiency could cost businesses dear
19 September 2016
Hotels invest for likely increase in ‘staycations’ as sterling falls post-Brexit; facing competition from the Airbnb threat
12 September 2016
Value of outstanding debt hits £42.6m last year — up 175% — while demand for specialised funding for tax bills is growing
5 September 2016
Mainstream UK business making up for plunging tax revenues from North Sea oil, showing scope for reducing rate for SMEs
4 August 2016
Brexit Crunch forces Carney's hand
1 August 2016
Businesses look to alternative finance to pay tax bills
11 July 2016
Pre-Brexit fall in lending to agricultural sector raises concerns
4 July 2016
The wider trend of withdrawing overdrafts is hitting recruiters especially hard. The value of recruitment firms’ bank overdrafts has fallen by 37% in just five years, as banks are forced to cut their exposure to the sector
23 May 2016
Figures show that at the end of March this year, SMEs were borrowing £12.1 billion in bank overdrafts, compared to nearly £14 billion at the end of September 2014, a fall of 13%
3 May 2016
Boom in artisan cooking techniques driving investment in UK restaurants — value of assets up 14% in a year
21 March 2016
Developers can’t access bridging loans to get projects started — a shortfall that is contributing to the housing crisis.
16 March 2016
Conrad Ford, CEO of Funding Options:“The Bank Referral Scheme is a necessary and positive step forward for UK SMEs declined for finance by their banks.”
7 March 2016
Building on UK FinTech leadership, CMA backs Nesta Challenge Prize to unlock SME lending.
22 February 2016
The UK’s 10 biggest property developers are taking longer than ever to pay sub-contractors, even though they receive payment for their own bills remarkably swiftly — leaving small construction firms struggling to manage their cash-flow.
18 January 2016
Funding Options research reveals large housebuilders' profit margins are back to pre-crunch highs, while smaller firms have been slower to recover
9 November 2015
Northern small businesses are suffering much more aggressive cuts in their bank overdrafts than those based in London, according to research by Funding Options. 55% of Northern SMEs have seen overdrafts reduced or withdrawn in last two years – the 'Northern Powerhouse' is growing slower than the London economy
22 October 2015
Recommendations published today by the Competition and Markets Authority (CMA) on bank lending to SMEs should be introduced to help bridge the small business funding gap, says Funding Options, the online business finance supermarket.
12 October 2015
SMEs grow progressively faster as their ability to borrow increases, shows research from Funding Options, the online business finance supermarket. Funding Options’ research shows that SMEs with access to higher levels of borrowing grew their turnover on average by 15.7% over the last five years, compared with 14% growth for those with no borrowing.
14 September 2015
It is time that more SMEs are allowed to bring their disputes with banks to the Financial Ombudsman Service (FOS), says Funding Options, the online business finance supermarket. The FOS offers a low cost method for very small businesses and consumers to resolve their disputes with banks. As well as being free of charge, the FOS offers a resolution far more quickly than by taking a complaint through the court system.
1 September 2015
Small businesses made 741 complaints to the Financial Ombudsman Service over bank loans and overdrafts last year as banks continue to pull back on lending to SMEs, says Funding Options, the online business finance supermarket. Funding Options says that one of the most common reasons small businesses complain to the ombudsman is the withdrawal of overdrafts by banks without warning. Research by Funding Options reveals that small business overdrafts have been withdrawn by banks at the rate of £5.7 million per day since 2011.
24 August 2015
UK SMEs are now using £76 billion of alternative finance* as banks continue to pull back from lending to smaller businesses, says Funding Options, the online business finance supermarket. Funding Options says that alternative lending to SMEs is now equivalent to 46% of the value of traditional term loans and overdrafts, which have fallen to £163 billion**. That represents a fall of 5% from £172 billion a year ago, and 17% from £197 billion four years ago.
6 July 2015
The amount of lending to SMEs through their overdrafts has fallen by 40% over the last four years from £20.9 billion in April 2011, to £12.5 billion in April this year*, highlighting the growing importance of accessing alternative forms of finance says Funding Options, the online business finance supermarket. Analysis of Bank of England data by Funding Options shows that in the last year alone, the amount of lending to SMEs through their overdrafts has fallen by 11%, from £14.1 billion in April 2014.
29 June 2015
HMRC last year applied to shut down 3,000 businesses to meet unpaid tax bills, highlighting the importance to businesses of being able to access alternative finance for urgent commitments such as tax payments, says Funding Options, the online business finance supermarket. Funding Options adds that in 2014*, the tax authority was successful in gaining court orders to wind up 1,887 businesses over their tax debts, a 4% rise from 1,816 in 2013. After the business is wound-up, HMRC liquidates its assets in order to cover the unpaid tax bills.