Operating in the gym and leisure sector relies on fitness enthusiasts who are committed to visit on a regular basis; weekly as a minimum but daily as an optimum. However, members will only become valuable assets to the business if they feel valued and are provided with an environment in which they feel comfortable. People…
read moreTrade finance is a transaction solution that enables businesses to buy and sell goods both nationally and internationally. It offers excellent risk protection to all parties involved. From a buying perspective the risks are that the items may not arrive in the expected timescales, or the quality may not be as expected. For the seller…
read moreThere are many terms used in the world of business finance, so here is our A-to-Z list to help you navigate your way: Asset Finance – a funding solution used to purchase business assets. Business Loan – another finance agreement used to purchase items for the business. Cashflow – the level of cash a business…
read moreIt is well known that two of the most challenging industries are the retail and hospitality sectors. Rarely do you find that one month is the same as the next and the fluctuation of earnt revenue can vary dramatically. For some, this could be seasonal where the festive and holiday periods bring the best earning…
read moreThere are many facets to business growth, a key area often overlooked but which can yield very positive outcomes, is acquisition. By adopting this growth strategy, a business can increase its profit level, staff numbers, sales network, geographical coverage and property portfolio all through the purchase of a synergistic company. Usually, the one missing piece,…
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 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…
read moreDevelopment finance provides a cash boost in the form of funding, which can be used to assist with construction related projects for both commercial and residential properties. Finance is available in the form of both loans and mortgages. This type of funding solution enables a lender to loan money for a business or entrepreneur to…
read moreThe Coronavirus Job Retention Scheme (CJRS) closed on 30th September. This was an initiative set-up by the Government which allowed a business to claim up to 60% of a furloughed employees wage, with a cap of £1,875 per month, per employee. A business then had to pay at least 20% of their wages so the…
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