At multifi, we understand the significance of acknowledging and appreciating the contributions of others. By providing proper references for our research and giving credit to artists and photographers, we uphold our mission to support the SME community. Showing references not only demonstrates our commitment to intellectual honesty and integrity but also fosters a culture of collaboration and recognition. By thanking artists and photographers for their work, we promote creativity and respect the value they bring to our content. By doing so, we contribute to a community that values and supports the efforts of all individuals involved, ultimately strengthening the SMB ecosystem as a whole.
Small and medium-sized businesses are the lifeblood of the UK economy, accounting for 99% of all companies.
Source: GOV.UK
Small and medium-sized businesses account for 99% of the UK economy.
Source: GOV.UK
11% of small and medium-sized businesses face closure or administration each year.
Source: ONS
In 82% of closed small and medium-sized business cases, cashflow is cited as the main reason for failure.
Source: Score
Alternative and specialist B2B lenders in the UK accounted for 55 per cent of all the overall UK business lending market with £35.5bn in loans
Source: British Business Bank
22% of small and medium businesses have no cash flow projection with a further 6% unsure if they had or not.
Source: Azets
37% of small and medium-sized businesses face cashflow issues due to late payments, spending an average of 1.2 working days per month chasing payments.
Source: FSB
Late payments also cost SMEs £2.5 billion ($3.5 billion) annually.
Source: FSB
With thanks to:
Discover how Putty Pals (Slime Party UK) grew their business with flexible financing from multifi. Learn how multifi credit helped them manage cashflow and expand their product lines internationally.
82% of closed small and medium-sized businesses cite cash flow as the primary reason for failure. In today’s competitive business environment, effective financial management is
At multifi, we’re proud to support the growth and success of small and medium-sized businesses across the UK. One such success story comes from Gripsure,
