Small and medium-sized enterprises reliant on overdrafts

Nine out of ten small and medium-sized enterprises (SMEs) say they would quickly go out of business if they didn’t have access to an overdraft, according to a recent survey. The commercial finance group, ABN AMRO, questioned 250 SME owners, managers and finance officers. The survey revealed that 89% said that their firm wouldn’t last

New adjudicator to protect supermarket suppliers

There’s to be a new Groceries Code Adjudicator with increased powers to protect supermarket suppliers from unfair practices. The adjudicator will be responsible for enforcing the Groceries Code, which was put in place by the Competition Commission in 2008. It applies to the 10 retailers with a turnover in the groceries market in excess of

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