Business
Thousands left without money after Small World LCC ceases trading
Published
2 years agoon

“Every month I send €800 to help my son with his university costs and general maintenance. It has been over a week, and the money hasn’t arrived yet,” says Nara Baracho, a Brazilian migrant who works at an industrial laundry in Switzerland.
Nara is one of thousands of customers across Europe who, this week, were taken by surprise by the suspension of services of Small World (LCC), a money transfer company operating since 2005 with offices and presence in Belgium, Brazil, Canada, Chile, Congo, Côte d’Ivoire, France, Germany, Ireland, Italy, Mexico, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the UK, and the US.
“I have used them for over 13 years and it is regrettable that they left so many people without their money. Earlier in the week I tried to contact Small World by email and received a message saying that my message had been blocked,” explains Baracho providing a screenshot of the message received as proof.
A popular money transfer service among migrants, until recently Small World LCC offered money transfer services to over 180 worldwide destinations. In 2018, the company generated revenues in excess of £110m.
On Thursday, June 14th, however, a “Suspension of Services” disclaimer was posted on the Small World website, informing customers of recent changes and that the company had stopped accepting any new customers or agents, as well as sending money abroad.

“We want to tell you about some important changes at Small World.
From now, Small World has stopped accepting any new customers or agents, accepting funds or making payments for existing customers through all channels, including any of its agents, branches, web sites or mobile applications.
If you ask us to make a payment, we may not be able to make that payment. Where we have already sent the funds to a bank or other third party that we use to deliver the funds to the person you are trying to pay, it is possible that the bank or third party has paid the funds to your recipient or will do so in the usual timeframes.”
Customers going to physical branches in England, Italy, Spain, and Switzerland also encountered similar messages affixed to Small World LCC closed doors. The announcement was not 100% true: throughout June 14th, Small World LCC still had the send money button fully active, hours after the company started to inform customers of service suspension, even if most of the site was already with limited access.
For Marbel Luz Carrillo, a Colombian who lives in Barcelona, Spain, that timeframe has long passed. The worker used Small World LCC on Saturday, June 8th to send funds to help relatives to make home repairs – a week later, Marbel is still awaiting any response regarding whether her family will receive the money sent.
“I have been here in Spain for 24 years, and on many other occasions I have sent money through this company (Small World LCC) without any issues. I am surprised that this is happening because, in my opinion, they were one of the best companies for sending money abroad,” says Luz Carrillo, expressing disappointment. She is currently without work and has used funds from her severance pay to help her family back home.
“I will continue to insist that Small World LCC return the money sent to me or make the payment in my country (Colombia). If not, I will file a complaint for scam with the competent authorities here in Barcelona,” says Mabel.
Another victim of Small World LCC this week is auto paint technician Adilson Mamede. Last week, he used a branch located in London to send £210 to Brazil to help with the purchase of tickets for family members to visit him. On Wednesday, after many days without the transaction being completed, Adilson visited the same location and was informed that the delay was due to technical issues with Small World LCC’s database and that the money would be available shortly at the intended destination. After 48 hours passed without any updates from the money transfer company, he returned to the branch, but this time, it was closed with several posters announcing the end of activities. He never got his money back.
Jennifer Cortegana, a student who lives in Peru, has been waiting for funds sent by her father, a transportation worker based in Spain, since June 7th.
“The money is intended to pay for my university and health bills. He used Small World LCC before and had no problems. Now they don’t respond to any form of contact. Their offices are closed and they do not respond to calls or emails,” worries Jennifer.
A Brazilian model who preferred to stay anonymous used Small World LCC for the first time last week in Italy, where she lives. The money sent to help her family in Brazil has never arrived, either. “I made the deposit via Small World on June 8th and was informed that it would be in the beneficiary’s account the next business day. The store is now closed, and the money has not been sent to my family,” says the freelancer professional, who managed to contact Small World LCC customer service but was informed that “there were some technical errors in the system, and there would be no date for returning to normal activities.”
Customers affected by Small World LCC payment delays are now getting together to try to recover their cash. Groups have been created on social media platforms such as Facebook and Telegram. The goal is to sue the company collectively for breach of contract.
Euronewsweek has reached out to Small World LLC using its telephone number available for customer service, as well as individual branches in the United Kingdom, Spain, Switzerland, and Italy. Calls are being forwarded to voicemail, but no feedback or return calls are being carried out. Calls to the Small World LCC headquarters in Blackfriars, London, are being answered with a recorded message informing customers that the company is no longer accepting new registrations or making money transfers, and giving callers an email that is being answered with an automated message informing people how to track the status of their transactions.
The suspected collapse of Small World comes a few months after the company was fined £139,500 by the Financial Conduct Authority (FCA) in the United Kingdom for breaching competition rules alongside two other transfer firms. In that case, the British regulator found Small World, Hafiz Bros and LCC Trans-Sending coordinated on certain exchange rates offered to customers in Glasgow for converting pounds to Pakistan Rupees when transferring money.
Euronewsweek also reached out to Equistone Partners, one of Europe’s leading mid-market private equity firms, which invested in Small World Financial Services back in 2018 – but we had no reply from its UK office.
Marcio Delgado is a Journalist, Producer and Influencer Marketing Manager working with brands and publications in Europe, America and Asia.

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How much does it cost for a small business to exhibit at a London event?
Business
Why more UK businesses are choosing to repurpose rather than rebuild
Published
2 weeks agoon
August 27, 2026
Rather than clearing a site and starting again, more UK businesses are choosing to work with what’s already there. Adaptive reuse, converting warehouses, former retail units, industrial buildings and dated offices into premises fit for modern use, is fast becoming a genuine growth strategy instead of a fallback option. As development costs rise, planning rules tighten, and sustainability expectations increase, the appeal of reworking existing structures has grown sharply. For many organisations, the ability to modernise a familiar building, reduce environmental impact, and avoid the disruption of relocation is becoming a practical and commercially attractive alternative to starting from scratch.
Why Adaptive Reuse Is Gaining Attention in the Commercial Sector
Interest in reuse has grown alongside a sharper understanding of the environmental cost of starting from scratch. Historic England’s research into embodied carbon found that refurbishing a typical building produces just a fraction of the emissions associated with demolishing it and constructing new, since so much of a building’s carbon footprint is locked into its original materials and structure. That evidence has shifted reuse from a niche, heritage-led choice into a mainstream consideration for developers and occupiers alike.
The Business Benefits of Repurposing Existing Buildings
Within the environmental case, reuse offers businesses a practical route to expansion. Converting an existing building is typically faster to deliver than a full redevelopment, avoids lengthy planning battles associated with new-build schemes, and lets a business retain a familiar location that staff and customers already know. For many organisations, that combination of speed and continuity outweighs the appeal of a brand-new but disruptive move.
Balancing Sustainability Goals With Commercial Growth
None of this means cutting corners on ambition. A converted warehouse or repurposed office can meet the same performance standards as a new building when the right upgrades are made, from improved insulation to more efficient heating and ventilation. The goal isn’t choosing between sustainability and growth but recognising that a well-executed reuse project can deliver both at once, often more affordably than starting again.
Modernising Older Properties for Today’s Business Needs
Older commercial buildings frequently fall short of what today’s occupiers expect, but that gap is rarely as difficult to close as it first appears. Bringing more daylight into a deep-plan warehouse or industrial unit, for instance through the addition of rooflights or roof windows, can change how usable a space feels without touching its footprint. JLL’s recent analysis of the UK office market highlights exactly this kind of targeted, lighter-touch refurbishment as one of the sector’s strongest opportunities, particularly in regional towns and cities where good-quality space is in short supply.
Creating Long-Term Value Through Strategic Refurbishment
Done well, reuse projects tend to hold their value over time instead of simply delaying the need for further work. A building refurbished with durability and future flexibility in mind, rather than the cheapest possible fix, is better placed to adapt to whatever a business needs next, whether that’s a change of use, a change of tenant, or simply changing working patterns.
Adaptive reuse won’t suit every site, but for a growing number of UK businesses it’s proving to be a more resilient path to growth: one that makes the most of what already exists rather than starting over.
Business
How much does it cost for a small business to exhibit at a London event?
Published
3 weeks agoon
August 21, 2026
Exhibiting at a London trade show sounds fairly straightforward. Pay for a stand, bring some products, spend the day talking to potential customers and hopefully leave with enough leads to make the whole thing worthwhile.
Then you discover the stand needs electricity. And furniture. And graphics. And someone to staff it. And somewhere to store everything. And possibly Wi-Fi that costs more than your home broadband.
For a small business or startup, the real cost of exhibiting at a London event can range from a few thousand pounds to well into five figures.
So, if you’re considering your first exhibition, here’s what you should actually budget for in 2026 — and how packages that bundle together most of what you need can save you money and give you some peace of mind.
1. Exhibition space: from roughly £2,000
Your biggest expense will usually be simply getting onto the exhibition floor.
There isn’t a standard London rate. Smaller specialist events may offer packages for a few thousand pounds, while major exhibitions can more than £1,000 per square metre.
For a small company testing exhibiting for the first time, £3,000–£6,000 + VAT for the space alone is a realistic starting assumption.
And check exactly what “stand” means before signing anything.
2. The actual stand: £500–£5,000+
If you’ve bought a shell scheme, you’re usually getting the exhibition equivalent of an unfurnished flat: walls, flooring and perhaps basic lighting and a name board.
You still need to make it look like your company.
For a basic setup, you might spend £500–£1,500 on printed graphics, banners, counters and displays that can potentially be reused.
A custom-built stand is another world entirely. Once designers, builders, specialist materials, screens and installation become involved, several thousand pounds can disappear remarkably quickly.
If this is your first exhibition, reusable graphics and a simple stand are usually the more sensible option. Nobody has ever signed a £50,000 contract because your shelving had particularly beautiful curves.
3. Electricity, Wi-Fi and the boring extras: £200–£1,000+
Here lies one of the great joys of exhibiting: discovering that a plug socket is now a premium product.
A London event, earlier tis year, offered a basic 500W switched socket at around £169 on the early-booking rate. Lighting, additional power, internet connections, screens, cleaning and other services can all be separate.
Before booking, ask the organiser for the optional-services price list. It may tell you considerably more about your final bill than you imagine.
4. Staff: realistically from £150 per person, per day
Someone has to actually stand there.
If that’s you, there’s technically no additional payroll expense — although your time still has a cost, particularly when you’re the person who normally runs the business.
If you’re hiring temporary staff, remember that the legal National Living Wage for workers aged 21 and over is £12.71 an hour since April 2026. Your actual cost is likely to be higher once you account for the rate required to attract suitable event staff, agency fees where applicable and employer costs.
For budgeting purposes, allowing £150–£250 per person for a normal event day is a reasonable starting point for basic temporary staffing, with experienced salespeople, demonstrators or specialist staff costing considerably more.
5. Products, samples and giveaways: £100–£1,000+
Budget according to the cost of getting someone to remember or experience your product, instead of simply producing merchandise because exhibitions traditionally have merchandise.
For a small brand, £100–£500 might cover simple printed materials and samples. Product-heavy businesses could easily spend £1,000–£2,000 or more.
What matters is what you’re trying to achieve. A food or beauty brand, for example, will genuinely fare better with hundreds of samples rather than overly elaborate — and costly — merchandise with your logo on it. You’re welcome to spend enormous amounts of money on tote bags or magnets, but you don’t necessarily need them to make your participation in a trade show a success.
6. Transport, storage and logistics: £200–£500+
Then everything has to get there.
If your exhibition display fits into two suitcases, congratulations: you’ve won.
If you’re transporting boxes of stock, furniture, display equipment or large graphics into a major London venue, you’ll need to consider couriers, parking, loading restrictions, storage and potentially overnight accommodation for anyone travelling from outside London.
For a small London-based company with a simple setup, £200–£500 may be sufficient. Once vans, couriers and storage enter the equation, it can easily add up.
You don’t even need to be transporting items for an exhibition these days to expect to pay a premium rate to get stuff from A to B. Earlier this year, I bought a vintage bookcase on eBay for £250. To get it from Devon to London, the cheapest quote I managed to find from a delivery company was £175.
7. Consider events offering all-in-one packages
There is another model worth considering that can make exhibiting your business in London more affordable: events where most of those moving parts are bundled together.
Industry trade event Beauty Bulb Live London, taking place on 7 October 2026 at the Business Design Centre in Islington, for example, currently advertises a fixed £4,950 + VAT brand package. That includes a fully built brand pod, with its design, production, delivery and assembly handled by the organiser. The package also includes pre-event visibility, a digital platform listing, post-show buyer communications and structured introductions for selected brands.
“We are handling all logistics. It’s brand equal and human first, and we do all of the heavy lifting. We want people to leave our show feeling connected to our beauty community, and we are building something long term with this event. Our support doesn’t end once the show closes, and exhibitors remain on our digital platform, where they will be promoted to our entire sales channel network for three months post-show,” says British entrepreneur Faye Speedie, who launched Beauty Bulb in 2017.
How much should you budget for your trade show in London?
For a small business exhibiting at a London trade event in 2026, £4,000–£8,000 is a reasonable working budget for a modest professional presence, while larger shows, bigger stands and custom builds can push the cost past £10,000 very quickly.
But don’t start by asking, “How much is the stand?”
Ask what you’re getting for the money.
Does the price include the structure? Furniture? Electricity? Exhibitor passes? Marketing? Setup? Access to buyers? Lead capture? Wi-Fi?
And, most importantly, who is actually going to be in the room? Spending £5,000 to meet 50 genuinely relevant buyers could be considerably better value than spending £2,000 to meet 5,000 people who aren’t interested in buying anything from you.
Business
HMRC launches operation targeting dodgy barbers and vape shops
Published
4 weeks agoon
August 17, 2026
If you live in London and have noticed vape shops and barbers seemingly multiplying on a high street near you, you are not alone. The UK government department responsible for collecting taxes is stepping up its crackdown on suspected tax fraud and illegal activity on Britain’s high streets, with HMRC aiming to carry out more than 30,000 enforcement interventions in 2026.
Vape shops, nail salons, candy stores, barbers and other high street businesses suspected of breaking tax rules are among those in the spotlight, while members of the public are now being encouraged to also report suspicious activity.
Although not all lost tax revenue is the result of illegal businesses, the amount of tax owed that never reached HMRC is staggering. According to official government figures, the UK’s total tax gap for the 2024–25 tax year was estimated at £59.2 billion — money that HMRC says should theoretically have been collected but was not. Small businesses accounted for 62% of that tax gap, the largest share of any taxpayer group, amounting to roughly £36.7 billion.
Labour exploitation and sale of illicit goods also targeted
The enforcement drive is aimed at disrupting criminal networks involved in tax fraud, labour exploitation and the sale of illicit tobacco and vapes.
This latest push follows the launch of a £30 million High Street Organised Crime Unit in May, bringing HMRC together with Trading Standards, police, the Home Office and the National Crime Agency. HMRC has already demonstrated how the tougher approach could work. In June, officers carried out unannounced visits to six souvenir shops in central London alongside Immigration Enforcement, Trading Standards and Metropolitan Police officers.
Public urged to report suspected tax fraud
HMRC has also upgraded its online tax fraud reporting service, allowing people to provide information anonymously about suspected tax fraud, money laundering and other criminal activity.
“Too many high streets have been blighted by dodgy shops that harm local communities and undercut honest businesses.
“If you see something that doesn’t look right, like suspected tax fraud or money laundering, use HMRC’s fraud reporting service and help protect our high streets,” said Chancellor of the Exchequer John Healey.
People who believe a business may be involved in tax fraud or money laundering are being encouraged to use HMRC’s online Report Tax Fraud service rather than confront businesses themselves.
The system asks users for factual information about what they have witnessed and allows reports to be submitted anonymously.
HMRC says the intelligence will help its teams build a clearer picture of suspected criminal activity and target enforcement action more effectively as the nationwide high street crackdown gathers pace.
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