Political uncertainty and rising raw material costs are causing increasing concern among SMEs throughout the world, according to new research.
The Global Business Monitor study from Bibby Financial Services, in partnership with trade credit insurance provider Euler Hermes, surveyed more than 2,300 SMEs in 13 countries across Asia, Europe and North America.
It found two-fifths of businesses (42%) believe rising costs and overheads are their greatest challenge. Government regulation (36%) and cashflow (32%) were also cited in the top three concerns in 2019.
When asked for the top three threats to global economic growth in 2019, political uncertainty in the U.S. (42%), Brexit (35%) and rising raw material costs (23%) featured most frequently.
Despite concerns about the knock-on effects of global uncertainty, almost half of companies say they believe their business performance will improve in the next 12 months.
Oct 09, 2019
Political uncertainty and rising raw material costs are causing increasing concern among SMEs throughout the world, according to new research.
The Global Business Monitor study from Bibby Financial Services, in partnership with trade credit insurance provider Euler Hermes, surveyed more than 2,300 SMEs in 13 countries across Asia, Europe and North America.
It found two-fifths of businesses (42%) believe rising costs and overheads are their greatest challenge. Government regulation (36%) and cashflow (32%) were also cited in the top three concerns in 2019.
When asked for the top three threats to global economic growth in 2019, political uncertainty in the U.S. (42%), Brexit (35%) and rising raw material costs (23%) featured most frequently.
Despite concerns about the knock-on effects of global uncertainty, almost half of companies say they believe their business performance will improve in the next 12 months.
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CBC has appointed Mike Aitchison as senior consultant.
He has more than 12 years’ experience in financial services recruitment and before joining the profession spend nearly a decade working for Bank of Scotland in a variety of roles spanning partnerships lending, motor finance, corporate banking and private banking.
Oct 09, 2019
CBC has appointed Mike Aitchison as senior consultant.
He has more than 12 years’ experience in financial services recruitment and before joining the profession spend nearly a decade working for Bank of Scotland in a variety of roles spanning partnerships lending, motor finance, corporate banking and private banking.
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IDS, the global provider of asset finance software solutions, has been acquired by Thoma Bravo, a software-focused private equity investment firm.
Thoma Bravo takes over majority ownership from current investor SV Investment Partners.
The new partnership is intended to accelerate growth plans at the software provider, including expansion of cloud-based services and its other core products.
Thoma Bravo will partner with the existing IDS management team on strategic growth plans and product development.
Oct 08, 2019
IDS, the global provider of asset finance software solutions, has been acquired by Thoma Bravo, a software-focused private equity investment firm.
Thoma Bravo takes over majority ownership from current investor SV Investment Partners.
The new partnership is intended to accelerate growth plans at the software provider, including expansion of cloud-based services and its other core products.
Thoma Bravo will partner with the existing IDS management team on strategic growth plans and product development.
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Simply, the fast-growing SME equipment finance provider, has received an increase to its funding line from specialist bank Aldermore, which brings the total lending facility to £30 million.
The additional £10 million makes Simply one of Aldermore’s most significant block funding partners and the IAFN Award-winning companies say the total facility is one of the largest block discount deals in the market.
Mike Randall, chief executive officer of Simply, said: “As a new start company, we were fortunate that Aldermore could support us with a funding line in our first year of trading. What really made Lee and his team stand out was the excellent and friendly service we received and the willingness to increase the support as we grow. Good working relationships are a core part of any partnership.
“Simply is revolutionising how SMEs are able to access funding and, as part of this, Aldermore’s facility will enable us to lend and boost our support to more businesses.”
Oct 08, 2019
Simply, the fast-growing SME equipment finance provider, has received an increase to its funding line from specialist bank Aldermore, which brings the total lending facility to £30 million.
The additional £10 million makes Simply one of Aldermore’s most significant block funding partners and the IAFN Award-winning companies say the total facility is one of the largest block discount deals in the market.
Mike Randall, chief executive officer of Simply, said: “As a new start company, we were fortunate that Aldermore could support us with a funding line in our first year of trading. What really made Lee and his team stand out was the excellent and friendly service we received and the willingness to increase the support as we grow. Good working relationships are a core part of any partnership.
“Simply is revolutionising how SMEs are able to access funding and, as part of this, Aldermore’s facility will enable us to lend and boost our support to more businesses.”
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Software solutions provider Bynx has released the latest version of its flagship fleet and mobility management package.
The latest update (Version 12.10) includes new features focusing on the importance of user experience, such as improved design, advanced compliance with World Harmonised Light Vehicle Test Procedure (WLTP), enhanced remarketing functionality, in-built inspections, carpooling capability, broker apps and updated reports.
Gary Jefferies, sales and marketing director at Bynx, said: “Alongside fortifying Bynx in terms of its mobility management capability, we are focused on the end-user experience in this release.
Oct 07, 2019
Software solutions provider Bynx has released the latest version of its flagship fleet and mobility management package.
The latest update (Version 12.10) includes new features focusing on the importance of user experience, such as improved design, advanced compliance with World Harmonised Light Vehicle Test Procedure (WLTP), enhanced remarketing functionality, in-built inspections, carpooling capability, broker apps and updated reports.
Gary Jefferies, sales and marketing director at Bynx, said: “Alongside fortifying Bynx in terms of its mobility management capability, we are focused on the end-user experience in this release.
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A newly-launched product from Siemens Financial Services is enabling growth at industrial communications products distributor IndustrialComms.
Extended Payment Terms was launched earlier this year to regular buyers of Siemens’ products as a way to help their cash flow.
IndustrialComms found that the levels of investment required to meet demand were putting pressure on the company’s finances.
The extended terms arrangement has allowed it to take on projects that would otherwise have been unattainable.
Oct 07, 2019
A newly-launched product from Siemens Financial Services is enabling growth at industrial communications products distributor IndustrialComms.
Extended Payment Terms was launched earlier this year to regular buyers of Siemens’ products as a way to help their cash flow.
IndustrialComms found that the levels of investment required to meet demand were putting pressure on the company’s finances.
The extended terms arrangement has allowed it to take on projects that would otherwise have been unattainable.
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Stripe raises $250m to expand services
British Business Investments provides £25m to Kingsway Finance to support SMEs
Car subscription app Fair in tie-up with RouteOne dealership platform
cap hpi warns of increased market volatility in used car market
