News in Numbers

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

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

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.

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.

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.