Time Finance, a leading provider of funding solutions to UK SMEs, is ramping up its support for businesses in 2024 amidst new data from the Office for National Statistics (ONS), which shows that business insolvencies exceeded 25,000 in 2023.

Recent ONS figures reveal a 15% drop in insolvencies, but also highlight an ongoing decline in business startups. Time Finance CEO, Ed Rimmer, emphasises the need for long-term plans to support economic stability.

New data from Time Finance has shown the growing popularity of invoice finance amongst the B2B business community, with demand predicted to rise throughout the year as SMEs set out to stabilise their finances. The new insight shows that invoice finance is ranked highest amongst alternative finance solutions, with 32% of financial intermediaries stating that invoice […]

Fresh data from Time Finance has uncovered the true impact of late payments for SMEs with 75% of UK businesses worrying about cashflow as a direct result of overdue invoices from their customers.

Market resilience and optimism continue to boost confidence amongst brokers and fuel plans for growth, finds Time Finance.

New data from Time Finance has revealed the worsening challenge of late payment debt as it finds SMEs are owed on average quarter of a million pounds in outstanding invoices.

New data from Time Finance reveals that one in three businesses see effective monitoring of their impact on the environment to be the most crucial step in building a more sustainable future.

New data from Time Finance has shed light on the rise of conscious consumerism as it finds 82% of customers believe it is important for businesses to have green credentials, and 70% claim their sustainability commitment influences their decision to buy from them.

New data from Time Finance has shown that half of UK SMEs are anticipated to invest in sustainability in 2023 as pressure mounts for businesses to cut their carbon emissions in-line with the Government’s 2050 Net Zero targets.

New data from Time Finance shows the scale of business resilience in the face of ongoing economic uncertainty and rising costs, as investment for growth remains a top priority for UK firms.

Scaling back investment will have a wider economic impact, warns Time Finance as new data shows that businesses are making huge sacrifices due to rising costs, with one in five unable to invest in growing their business.

In the wake of UK inflation reaching a 40-year high of 9.1%, Time Finance reveals its latest data around the cost of doing business crisis, with 91% of UK SMEs forced to hike their own prices in order to keep up with soaring operational costs.

New data from Time Finance has revealed the scale of impact on UK SMEs as the cost of doing business continues to rise, with 72% of businesses currently preparing for an imminent recession.

New data from Time Finance reveals peace of mind, flexibility and supporting cashflow to be the top three benefits of having an Invoice Finance facility, according to UK business owners.

Our latest research reveals a relationship driven approach to be the top quality sought after by SMEs in their Invoice Finance provider

According to new research conducted by Time Finance, more than 70% of financial intermediaries believe their clients will need some form of funding support over the next 6 months to deal with and overcome the economic challenges that 2022 continues to throw at them.

As rising costs continue to threaten the progress UK businesses are making towards a more sustainable supply chain, Time Finance is calling for SMEs to seek financial support to keep up the momentum from COP26 and continue investing in a more sustainable future. The call to action comes following Time Finance’s Going Green survey, which found that an impressive 70% of businesses across the UK already make conscious choices to employ a sustainable supply chain as part of their wider carbon reduction strategies.

Pressure is being felt by smaller businesses to compensate for larger corporations falling behind when it comes to reducing carbon emissions, according to new research from Time Finance.

The UK’s North and South divide continues to widen as businesses begin their journey on the road to Net Zero, according to new findings from Time Finance. Exploring business efforts to “Go Green” in the New Year, the alternative finance provider found that whilst 70% of the UK business owners surveyed have already implemented measures to become more sustainable (from partnering with sustainable suppliers to investing in electric vehicles and other eco-friendly machinery), the findings paint a concerning picture of regional challenges and setbacks.

The journey to net zero is set to accelerate in 2022 as new research from Time Finance reveals that business leaders are planning to implement strategies to reduce their carbon footprint and improve their green credentials over the next 6 months. The survey which explored business efforts to go green found that firms in the South of the UK are leading the charge, with 100% already having plans in place to reduce their carbon footprint - from partnering with sustainable suppliers to investing in electric vehicles and other eco-friendly machinery cited as the main areas for driving change.

Just 50% of Northern business leaders have a strategy in place to reduce their carbon footprint despite the Government’s 2050 net-zero target, according to new research by Time Finance.

Late payments are threatening the survival of British businesses, in-depth analysis by leading alternative finance provider, Time Finance, reveals. Uncovering the true impact of late payments, Time Finance found that challenges with cashflow and unfulfilled growth ambitions were the greatest knock-on effects holding businesses back.

New data from Time Finance reveals that an astonishing 70% of businesses are suffering from late payments from their customers. Uncovering the true severity of the issue, the leading alternative finance provider found that late payment debt was as high as £200,000 for 1 in 5 business owners.

Time Finance has joined the charge to protect small businesses with a caution that the Government must focus on measures to accelerate SME growth in the Chancellor’s Autumn Budget on Wednesday 27 October.

Investing in new personnel has become a top priority for UK businesses, according to a recent survey conducted by Time Finance. The alternative finance provider found that one in three firms are planning to expand their workforce, with 90% to start the recruitment process within the next 6 months.

New data released by Time Finance reveals a huge steer in direction from British Business, with a dramatic increase in demand for electric vehicles up 241% from last year.

Alternative Finance is ranked the highest amongst funding solutions as businesses seek investment in future growth as the Government’s pandemic support draws to a close.

Now is a good time to invest in business according to the latest survey by alternative finance provider, Time Finance.  The survey found that 100% of businesses and financial intermediaries agreed that investing in business to recover and move forward should be happening now. The survey also found that businesses were intending to focus investment across […]

Two thirds of businesses are feeling optimistic about the future according to the latest survey by alternative finance provider, Time Finance. The findings come as the Bank of England upgrades its growth forecast to 7.25% for 2021 from 5% in better-than-expected bounce back results.