Finance options:

-  Factoring

-  Discounting

-  Asset-based

-  Recent cases

-  Articles



Contact us


Legal notices

What is an SME? And does it matter?

There seems to be no end of discussion by governments and others about what is needed to help SMEs prosper. This is an important matter as it is generally agreed that the prosperity of SMEs is key to economic recovery. However, what is an SME?

The European Commission has defined an SME as a business with fewer than 250 employees or an annual turnover of less than 50m.

So, this means that a one-man business with minimal turnover and a multinational with 249 employees turning over 40m are both viewed as SMEs!

They are clearly fundamentally different entities with different requirements, opportunities and risks.

It is easy to talk in generalities about these businesses as the need to have access to suitable funding is common to all. However, while Government schemes may be of use to larger businesses, the solution for businesses at the smaller end of the scale may be quite different and harder to find.

A careful consideration of all the alternatives is important. It makes sense that this should include funding solutions, such as invoice finance, which may be able to provide just what is needed by the smaller business.

Why not call us for a no-charge, no-obligation chat about the options that are available and how these can help your business progress?


Ian Jones (Head of Business Development) on 0161 438 8555 or 07801 858737, or

Stephen Devonport (Business Development Manager) on 0161 438 8555


email us at

Solutions provided by these and other partners: - -



Areas of the UK covered include, Manchester, London, Liverpool, Leeds, Birmingham, Sheffield, Stoke, Bristol, Southampton, Preston, Hull, Bradford, York, Bolton, Stockport, Newcastle, Sunderland, Bath, Norwich, Reading, Telford, Ipswich, Southend, Chester, Brighton, Salford, Leicester

Copyright 2012