Big firms must be properly penalised for late payment

52% of small firms just ‘treading water’, rising to 72% in East Midlands December 2022:  Purbeck Personal Guarantee Insurance has welcomed the Government’s review into the late payment practices of big firms[i] but is calling for tougher measures to stop the stranglehold larger businesses have over their smaller suppliers, once and for all. Recent research […]

Average start-up loan value falls to £142k and loan volumes drop...

November 2022: New analysis of startup loans with personal guarantees attached has found that the average loan has fallen over 138% in the past year to £142,492, from £339,304 in 2021.  The analysis by Purbeck Personal Guarantee Insurance, the U.K.’s only provider of personal guarantee insurance (PGI) to small business owners, has also identified that […]

Tax increases will be last straw for thousands of small business...

November 2022: Ahead of Autumn Budget on Thursday 17th November 2022,  Purbeck Personal Guarantee Insurance, the U.K.’s only provider of personal guarantee insurance (PGI) to small business owners, is urging the Chancellor to reconsider the scale of tax increases and cuts to small business support amid fears that they will prompt many small businesses to […]

67% rise in small businesses seeking mentoring support as they face...

1 in 5 Personal Guarantee Insurance applications from start-ups Q2 2022 September 2022: Purbeck Personal Guarantee Insurance, the U.K.’s first and only provider of personal guarantee insurance (PGI) has seen a sharp rise in small businesses contacting its mentoring and advice service for support due to financial distress, outpacing the volume of calls it received […]

Small businesses must think like mortgage switchers

Purbeck’s top tips for surviving a recession August 2022: Purbeck Personal Guarantee Insurance, the U.K.’s first and only provider of personal guarantee insurance is urging small businesses to think like mortgages switchers and consider a fixed rate loan now to support investment or to sustain a business, while rates remain low. Since March 2021, businesses […]

Purbeck Personal Guarantee Monitor Q2 2022

125% year on year increase in loans secured with personal guarantee attached July 2022: Purbeck Personal Guarantee Insurance, the U.K.’s first and only provider of personal guarantee insurance has published its Q2 2022 figures on the take up of Personal Guarantee backed loans by small business owners, based on the volume of personal guarantee insurance […]

27 percent of consumers want small businesses excluded from Government’s...

Nation Divided on Cost of Living Tsar’s Proposals July 2022: Following news that the Government plans to launch a campaign to encourage businesses to cut prices[i] to help with the cost-of-living crisis, 27% of consumers in a survey by Purbeck Personal Guarantee Insurance have said they think small businesses should be excluded from the campaign. […]

Purbeck Personal Guarantee Insurance Shares 5 Top Tips for Small Business...

June 2022: As Purbeck Personal Guarantee Insurance reaches its 5th birthday, the U.K.’s first and only provider of personal guarantee insurance shares 5 top tips to business success.   Todd Davison, MD of Purbeck Personal Guarantee Insurance says; “As a small business focused on protecting the personal finances of small business owners, we know the […]

Applications for personal guarantee backed small business loans up 50%

Headline figures: Applications for Personal Guarantee Insurance to support business funding rose 50.5% Q1 2022 vs Q1 2021 In March 2022, the number of applications doubled those received in March 2021. 35% of finance applications with a personal guarantee attached are for ‘Working Capital’ Applications for personal guarantee insurance to support funding for ‘Working Capital’ […]

Sunak’s Spring Statement Must Support Small Businesses

Purbeck Personal Guarantee Insurance Issues Wish-List to Chancellor   March 2022: Ahead of the Chancellor’s Spring Statement on 23rd March 2022, Purbeck Personal Guarantee Insurance, the provider of personal guarantee insurance to small business owners, is urging Rishi Sunak to consider key measures to support small businesses following news that company insolvencies doubled in February[i]. […]