UK SMEs have less than three months left to register unresolved historical banking complaints with the BBRS
The Business Banking Resolution Service (BBRS) is calling on professional services businesses to see if they can help clients access support for a free and independent dispute resolution service.
SMEs with long-standing banking complaints must register their case with the BBRS before the historical scheme closes on 14 February 2023.
The BBRS’s historical scheme covers banking complaints first registered in the period from 1 December 2001 to 31 March 2019. Businesses may qualify for support if they had turnover between £1m and £6.5m per annum at the time of their complaint, and their case has not already been settled, been subject to an independent review, or gone to court. This includes businesses which have since closed, merged or been sold.