Archive | Finance

Where there’s a will, there’s a way

or how a family business persuaded their bank to change its mind. Raj has run his pharmacy for 20 years and, apart from one year when he invested in an unrelated business venture that failed, the company is consistently profitable. He also rents out two shops nearby that produce enough income to service the bank […]

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LENDING to BUSINESSES

Progress is being made ! It is clear that the High Street banks are reluctant to lend to SME’s who need funds to expand– the one market sector that can pull this country out of recession. They stick to well established companies, customers they know. Not surprising really, given the pressures they are under, squeezed […]

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GET MORE from your BANK

When a bank cannot provide all the credit demanded by a customer, we can usually fund the balance, or an alternative. As well as the usual offers of  secured loans, equipment leasing and invoice finance, we provide ;- * unsecured loans to £100k for established ltd companies. * unsecured loans for professions, doctors/dentists/solicitors/accountants. * cash […]

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CASH BACK from R&D expensed

MORE PROFIT from your PATENTS If you sell products that you have patented then some good news  – be aware of  the new tax benefits that the Government is making available from April next year. 10% Corporation Tax on Profits from Patented Products from April 2013 10%. This is the reduced rate of tax the […]

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SME’s owed £35bn in unpaid invoices – a solution

SMEs are owed by their customers a record £35bn in unpaid invoices and half of this is overdue. Most of the late payers are large corporations. Big retail chains are the worst debtors, often demanding 120 day payments terms to their suppliers and even then paying late. The Government has announced several initiatives for providing […]

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UK businesses own £754bn of cash

The total balance sheets of all companies in the UK show this astonishing mountain of unused cash, most of it in the large corporates but a fair amount in the 200,000 strong SME sector. After years of acting as a  ‘company doctor’ for owner managed businesses, at the start of the recession I began arranging […]

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Bank loans for small businesses

Are the banks lending or not? Each week we hear from SME business owners that their loan requests have been declined.  Even when they’ve applied for the EFG scheme where the Government, not the bank, assumes most of the credit risk. “I’ve been with the same bank 20 years, the first time I ask for […]

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Helping small business cash flow

Businesses falling into administration are increasing in number according to the latest Government statistics. A total of 4,260 business insolvencies in England and Wales in the fourth quarter of 2011 showed an increase of 0.4% on the previous quarter and an increase of 7.2% on the same period in 2010. These latest figures highlight the […]

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Invoice factoring to raise cash for small business

Bank overdrafts and loans are no longer an easy way of finding working capital. Invoice financing – factoring and discounting – has become the preferred alternative for many companies. However, the costs and commitment (often a minimum one year contract involving  the complete sales ledger) can be a deterrent. So a number of entrepreneurs are […]

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