A 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 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 moreCommercial finance is a term that covers a multitude of business finance products which can include both short and long-term solutions. Here are some of the most common options available in greater detail. Commercial loans A commercial or business loan provides an agreement of funding between a company and a lender. It allows a business…
read moreSince Covid-19 we have all experienced how vulnerable the economy has become, especially in the world of business. If we explore the small business sector, there are daily reports about what is happening along with the types of businesses and industries that are suffering. Of course, there will always be businesses that suffer but this…
read moreFinance lease is becoming a highly popular funding solution for small businesses. It enables a business to fund a new asset, without purchasing or taking ownership of it. You set-up an agreement with a finance company, they will purchase the asset and then provide it to your business for use. You enter a leasing agreement…
read moreBusiness finance, including both asset and invoice finance, is a valuable resource for any small business. Let’s explore how this can have an impact on some of the most common business sectors: Manufacturing – the most important elements of any manufacturing business are its people and its machinery. The manufacturing process must be efficient with…
read moreValue added tax (VAT) is a charge that relates to the tax of goods or services. VAT is only charged when the business is registered for the scheme or their VAT taxable turnover is more than £85,000. This results in a 20% charge being added to items or services that are purchased or sold. Key…
read moreAcquisition finance is designed for the sole purpose of enabling one company to buy another. It provides the funds to enable growth by acquiring another business that fits in with their plans and forecasts. Fulfilling growth plans To be in a position to purchase an existing business or franchise is an incredible opportunity for fulfilling…
read moreIn October 2021 the UK government released their roadmap of how they plan to become a leader in sustainable investing. This means that the finance sector needs to adapt and start embracing climate change. With the ambition of having a zero emission focus it is important for all to start embracing change, no more so…
read moreAt some stage in the life cycle of a business it will need some help with financing, this could be to cover a shortfall, increase staff headcount, purchase new machinery / equipment or simply just to boost cashflow. One of the most popular forms of finance is a business loan, they are available for a…
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