News in Numbers

25%

German-based SME lessor GRENKE has made a 25% investment stake (plus one voting share) in Miete24 P4Y GmbH, an internet platform.

£500m

That's the amount that specialist asset-based lender Ultimate Finance provided in funding to UK SMEs in the first quarter of 2023.

61%

Average bad debt among UK SMEs has gone up by this amount, from £10,329 in Spring 2022, to £16,641, according to February 2023 insolvency figures, Bibby Financial Services reported.

£100m

This is the size of the facility that the British Business Bank has granted to specialist business lender Cambridge & Counties Bank through a government guaranteed lending scheme for SMEs.

£250,000

The amount owed, on average, in late payments to UK SMEs via outstanding invoices, according to small business survey in March 2023, by Time Finance.