Celebrating 20 Years of Country Finance Group

This Sunday at County Finance Group we will be celebrating our 20th anniversary as a family owned independent finance house. Our business launched in 1995 and we now provide access to the very best tailor-made financial solutions for businesses purchasing new plant and machinery. Our customers consist of a whole range of industries from construction,…

How the UK General Election Will Affect SMEs

Image Source With the 2015 general election fast approaching, the two major parties have released their manifestos outlining their vision for the next five years. The Conservative party is still 100 per cent focused on economic growth and innovation, and this shone through in the recent budget. This put forward several commitments for the future,…

Why SMEs Are Turning Their Back on Banks

Is it true that small and medium-sized enterprises (SMEs) have been turning their back on banks? Have alternative lending options become more attractive to business owners? Even though it’s only 46% of businesses who utilize external finance[1], it’s extremely important that businesses are properly financed because it is mainly used for growth and investment. Throughout…

Lending Growth

SME’s can expect strong growth in 2015

Reports released this week by the British Business Bank reveal that 46 per cent of UK SMEs are expected to grow in the next 12 months. The most concerning statistic for the Government was that 33 per cent of SMEs were unaware that they could access funding through Government and Local Authority grants showcasing a…

VAT Payments from SMEs up 10% in 2014

Data published by accountancy firm UHY Hacker Young points to a significant increase in the amount of additional VAT being paid by SMEs following compliance investigations. The accountancy firm’s research shows that in the past year, the HMRC took an additional £3.9bn in VAT payments from compliance investigations, an increase of 10% on the previous…

Over a Third of UK SMEs Ignoring Overseas Opportunities

Here we look at the opportunities which many UK-based small and medium-sized enterprises (SMEs) have overseas, who is taking advantage of these opportunities and seeing success – and, interestingly, why many SMEs are ignoring the opportunity. In a recent survey carried out by the leading accountancy firm KPMG in conjunction with YouGov, it was reported…

Lending Growth

Explosive Growth in The UK’s Alternative Finance Market

The alternative finance market is currently booming. By the end of this year the market is expected to be worth £1.74bn. Next year  even more rapid growth is expected, and it has been predicted that the market could be worth around £4.4bn by the end of next year. Types Of Alternative Finance  Nesta, Britain’s innovation foundation, and the University…