LENDING to small and medium-sized companies should be a key part of next week’s Budget, a business support organisation has argued.
The Forum for Private Business (FPB) has highlighted the ongoing problem of poor access to credit, saying Project Merlin – which aims to increase SME lending by 15% – is not enough.
Phil Orford, chief executive, pointed out demand for credit is subdued, claiming this demonstrates the lending process is too complex.
He urged the government to boost transparency, flexibility and affordability in SME lending, saying banks will never meet their 15% target if demand stalls at current levels.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children