Blog
Keep up-to-date with the latest news, views, information and advice from Partnership Invoice Finance. Within our blog posts we cover topics such as: building sustainable cash flow, utilising invoice finance, and tips for business growth.
What is Invoice Finance?
What is invoice finance? Through invoice finance, a company sells its accounts receivable (invoices due to be paid) to improve its working capital. And this in turn helps businesses pay employees and suppliers, improve cash flow, and invest in operations and growth earlier than if they had to wait until their customers paid their balances in full. This provides a business with more financial flexibility than most other types of traditional loans.
Preparing for the Spring budget
On the 6th of March 2024 Chancellor Jeremy Hunt will bring forward his second Spring Budget, and with it comes a flurry of speculation and anticipation. For small and medium-sized enterprises (SMEs), the Budget is a key event, offering a chance to see how the government plans to support and stimulate their growth.
A Guide To Rental Agreements
Your office (or shop) is your businesses home, it will be your hub, your control centre, or whatever name you wish to give it – it’s yours. Running a business in the UK involves navigating legal contracts, and one of the most crucial is the business rental agreement. This document outlines the terms and conditions under which your company occupies a commercial property, safeguarding both the landlord and tenant.
Commercial Rental Terms
Most business owners in the UK will have some form of property rental to support their business. Whether that be a one-person office, a two-story teched out building, or even a warehouse for stock and deliveries – commonly, a form of space is required.
Rental leases payment terms are considerably different from standard tenancy agreements, one major difference is the payment terms.
Chasing Christmas Debt
It’s time for what a lot of business owners find harder to do than swallowing the last bite of Christmas dinner – chasing Christmas debt.
Over the festive period invoicing, accounting, and bank reconciliation can take a dip. But now we’re into a New Year – and those debts need to be paid.
So, where do you start? The highest value debt? The oldest debt?
The Funding Fountain
In the precarious world of b2b business, growth isn’t just a buzzword, it’s a primal thirst. But like any ambitious venture, achieving that growth often requires more than just an idea and a good work ethic – you need funding. Cold hard cash gains businesses more than just their primary products. It’s needed for expansion, fuels innovation, and propels startups from scrappy dreams to market mavericks. But navigating this diverse landscape requires more than just a thirst for growth. It’s about knowing your business’s unique DNA, understanding its specific needs, and crafting a pitch that’s the equivalent of a business-plan cocktail, both strong and alluring. Remember your business isn’t just numbers and spreadsheets.
Predictions for UK Spending in January 2024
2023 was a complicated year for UK households and its businesses. Insolvencies stood at an all-time high; how do you think 2024 will take off? Let’s take a look into some predictions. The Office for Budget Responsibility (OBR) has forecast that UK household final consumption expenditure (HHFCE) will grow by
Christmas Spending
Christmas spending is at the back of a lot of the public’s minds, especially because of present challenges. Food products claim 22 of the 25 highest price increases in 2023. In 2022 the average cost per head for Christmas dinner was £23.82 (from Tesco), what would Christmas be without the food? Then there’s the presents, it is estimated that the average person will spend approximately £600 on presents this year (2023), which is an increase of £180 on last year’s £420 spend.
Embarking on Your First Business Adventure
The allure of entrepreneurship beckons many individuals with dreams of turning their passions into profitable ventures. While the path to entrepreneurial success is paved with challenges and uncertainties, the rewards of building a thriving business can be immensely fulfilling. However, before embarking on this exciting journey, it is crucial to
