October 25, 2011

Huge differences found in credit agency ratings

by Jan Harris

An SME could be given wildly different ratings according to which credit agency does the check, according to new research. With the disparity having the potential to force a business to cease trading in the worst case scenario, accountancy firm Shelley Stock Hutter is calling for the Government to launch a new “code of transparency”. […]

October 4, 2011

S&P maintains UK’s AAA credit rating

by Kay Mitchell

Credit ratings agency Standard & Poor’s (S&P) yesterday affirmed the UK’s AAA credit rating with a “stable” outlook. An AAA rating is the highest possible and the agency said in a statement: “In our view, the U.K. has a wealthy, open, and diversified economy, supported by a well-established political system and macroeconomic policy framework, which […]

Credit easing plan could boost investment in SMEs

by Jan Harris

In his keynote speech at the Conservatives Party conference, Chancellor George Osborne announced a ‘credit easing’ plan which could boost the economy through investment in SMEs. The plan would see the Treasury buying up corporate bonds of larger companies and also smaller businesses, thereby increasing the amount of cash in the economy and cutting the […]

September 21, 2011

Three-quarters of SMEs fail to check customers’ credit ratings

by Jan Harris

Experian has uncovered a significant lack of awareness among small and medium sized businesses of the importance of checking credit scores. Of the respondents to a survey of around 700 UK small businesses, nearly three-quarters (71 per cent) failed to check their customers’ credit status and 39 per cent didn’t even know what a credit […]