Craft distillery is a booming business sector, estimated to be worth in excess of £1.2 billion. It is therefore hardly surprising that so many businesses in this sector are looking to fulfil growth plans for the new financial year. The demand for craft beer has grown rapidly over recent years. Initially developed for the festival…
read moreDiversification is incredibly important for all types of business, no more so than for a dairy farm. People might think that the opportunity to grow a dairy farm through expansion is quite difficult but in fact there are some key methods that can be deployed to swiftly facilitate growth initiatives, one such facility is agricultural…
read moreTrying to fulfil business growth plans can be a challenge. Of course, there will be businesses that have strong cash reserves and excellent revenue streams resulting in them having the ability to constantly fulfil all their growth initiatives. However, for most there will be a need to improve their working capital. Arguably one of the…
read moreWe all know first-hand how the cost of living has increased substantially in recent months and how this in turn has had an impact on the expenses that small businesses face. Key factors that have had a major influence on these rises are: An increase in inflation, which puts demands on employees and a potential…
read moreStatistics collected by the Government in 2022 show that the SME sector accounts for 99.9% of the business population. If we break this down there are 5.5 million private sector businesses, 1.4 million employ staff and 4.1 million have no employees. Analysing further 5.47 million fit in to the small business category (0 to 49…
read moreA new year always brings a positive mindset and a desire to make changes. On a personal level this could be a change in career, a change in lifestyle or a change in location. On a business front this could be a change of direction, development of new growth plans or an introduction of new…
read moreOur offices are now closed and we will re-open at 9:30 am on Tuesday 3rd January 2023. We are now taking some time to enjoy the festivities and spend special time with our families and friends. It has been a thoroughly enjoyable time for all of us at NGI and we are grateful for all…
read moreA soft asset is essential to the fabric of any business, it enables a company to operate efficiently and safely. It could be a physical item; it could refer to the knowledge of specialists or indeed the adoption of new cloud technologies. Whatever it is, it is a very important cog in the wheel of…
read moreBeing able to understand your business finances and recognising when and how profit is made is vastly important. This is easily achieved by understanding financial jargon and reviewing monthly financial statements. To help with this, here is our guide on what is important when completing a financial review: Profit and loss Analyse your profit and…
read moreMaintaining a positive cashflow is crucial for any business for its ongoing success. Often one of the key barriers to this is delays by customers in paying their invoices. Being able to protect a business against bad debt is hugely important and by utilising invoice finance a business can access up to 90% of the…
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