A common preconception when we speak about the self-employed is that this refers solely to trade professionals such as electricians, plasterers, plumbers, gardeners and carpenters. However, there are several ways in which a business can operate through self-employment. In fact, there are 3 types of legal entity: Sole trader – the easiest option for starting…
read moreSince the Covid-19 pandemic hit the Government have been incredibly proactive in supporting the business community through a range of funding initiatives. We saw the introduction of the Business Bounce Back Loan Scheme (BBLS), Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loan Scheme (CLBILS). Most recently these have all been replaced…
read moreSpecialEffect is, in our opinion, a very unique charity. They look to put fun and inclusion back into the lives of people with physical disabilities by helping them to play video games. The team do this by using technology ranging from modified joypads to eye-control, finding ways for everybody to join in. However, this is…
read moreAll small businesses will set themselves the same goal, provide an excellent service or product and look to generate profit as soon as possible. There is no set pattern for business growth. Some businesses might take 5-years to achieve their potential whilst others could be hitting impressive profit margins within just 5-months of trading. Both…
read moreManaging cash flow can be one of the most important areas for a business. Cash flow is basically the calculation between money coming in and money going out of a business. This is based on existing money already within the business along with both income and expenditure, it does not include any assets or investments.…
read moreWhen the time is right, purchasing an existing business or franchise can be an incredible opportunity for any entrepreneur or business professional. Growing businesses might also see their growth plans realised further through company acquisitions. Often the purchase of a business will be driven by its reputation, established customer base and proven track record. Once…
read moreFor any business looking for a quick business loan we would recommend the Recovery Loan Scheme (RLS). RLS is a government initiative that allows any type of business to apply for a business loan. The maximum loan available will be based on 25% of the business’s turnover recorded in 2019. For eligibility a business must:…
read moreCommercial finance is a lending solution that has been developed for any type of commercial business. Also known as business funding or business finance, it is a loan that can be made available through different finance facilities. A commercial loan will provide a business with a boost in cashflow that will enable the purchase of…
read moreThe NGI team are delighted to confirm that we are able to assist with any applications in relation to the Recovery Loan Scheme (RLS). The RLS is the latest Government initiative which was launched on 6th April 2021 to help businesses affected by COVID-19. It has been made available to support businesses who need a…
read moreShort term finance offers any type of business a cashflow boost where terms are typically between 2 to 5 years. They can be sourced for a multiple of uses which include helping businesses with day-to-day operations, employing more staff, purchasing new equipment or funding for issues that have arisen due to unforeseen circumstances. Some of…
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