Financial Management: Best Practice for SMEs
Planning is vital to ensure your business’s success. There’s nothing surprising in that, but for many, the financial plan is last on the list and the one plan that gets left to stagnate once it’s approved. The key to any plan is to constantly keep it refreshed and be proactive, not reactive when it comes […]
Scared of the Unknown?
If you’re nervous about jumping in with invoice finance, this article will take a look back at its past and demonstrate how far invoice finance has come in the past 700 years. Factoring goes way (way) back. Invoice financing has a long history, dating back to the days of King Hammurabi in Mesopotamia. However, it […]
Financially Preparing Your Business for Success
Starting a business is an exciting venture full of potential for success. But with all the enthusiasm that comes along with building something from the ground up, it’s important to ensure you’re financially prepared to launch your business in order to set yourself up for long-term stability and growth. By getting a firm grasp of […]
Protecting Your Business From Potential Insolvency
Our economy relies heavily on the success of small-medium sized businesses, yet unfortunately, they can be very susceptible to insolvency. A recent report by The Insolvency Service noted that one in every 202 active companies entered insolvent liquidation in 2022. This equates to a staggering 22,109 companies, which is the highest number since 2009 and […]
Invoice Finance – Giving You Back The Power To Grow Your Female-Led Business.
As a female-led business owner, you have no doubt encountered resistance from institutions when it comes to securing additional finance or loans. You might say, it feels as if you’re still trapped in the 1950s when you’re trying to secure finance, but invoice finance is the way to take back the power and finance your […]
Female-led Business Owners Are Still Facing Inequality in the UK
Despite a rise in female-led businesses in recent years, female entrepreneurs continue to face significant challenges when it comes to accessing finance, networking opportunities, and securing customers. It seems that when it comes to business, it’s still very much a man’s world with only 1 in 3 UK entrepreneurs being female1. The gender gap in […]
Who Is On Your Financial Team?
You can’t go it alone when it comes to your business finances. As a small business owner, you wear a lot of hats. You’re the CEO, the FD, and the HR manager all rolled into one. But when it comes to your finances, it’s important to have a team in place to help you make […]
Managing a Large Tax Bill and Preparing for Future Bills
Sometimes the tax bills can be so large that it’s difficult to manage. For any business, big or small, a large bill can cause a huge amount of stress and worry. But with proper planning and management, you can stay ahead of your tax commitments. HMRC support is available as well as options from banks […]
Are You Having Difficulty Paying Your Tax Bill With The Increased Cost-of-living Pressures?
Are you finding like many businesses this year, making your payments to HMRC (on time) for your tax bill is likely to be a challenge? With the current cost of living increases, cash flow is often tight and covering an unexpectedly large tax bill can be difficult. So, what can you do if you find […]
Managing Your Business During A Downturn
It may seem counterintuitive, but a downturn can often be a great time to refocus your resources and review your business overall. The recent global economic downturn has affected businesses of all sizes. For small and medium enterprises (SMEs), it’s especially important they manage their resources carefully and review their business plans regularly. When was […]
