SME adjudicator doomed to fail

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Description: The role of the Small Business Credit Adjudicator (SBCA) has been roundly criticized by ICM CEO Philip King as an example of "policy decided on the hoof." The SBCA, announced in the budget, will hear cases referred to it by Business Link's Financial Intermediary Service, where a business may have been unfairly denied credit by a bank. For it to have a chance of working, businesses will be required to provide more financial information, not less, says King, at a time when the EU has voted to reduce the burden of reporting on micro entities and the government may well follow suit. King also questions whet will happen if an overturned decision ultimately results in a bad debt.
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