Posts Tagged ‘Prompt Payment Code’

CountingUp Launch, Ratesetter Business Loans and Focus on Late Payment – BFB Epsd 199

Posted on: January 27th, 2018 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

For many small businesses, banking and bookkeeping are their least favoured tasks. To open this Bulletin, we look at a new mobile-only bank, CountingUp, which has opened its virtual doors with a small business banking solution combining banking and bookkeeping in one app.

The availability of unsecured business loans from alternative finance providers has been a major boost for growing businesses. One such provider was Ratesetter, until their surprise announcement that they are pulling out of the unsecured business loan market.

Finally, to close this Bulletin, we look at the continued fallout from the Carillion collapse. Focus is now turning to the impact late payment is having on small businesses. In the Carillion case, questions are being asked as to what is the point of voluntary programmes, such as the Prompt Payment Code, when larger companies can easily ignore it? Is it finally time to get tough on late payment?

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Prompt Payment Code, Rise in Invoice Discounting & Tax Return Information – BFB Epsd 176

Posted on: July 8th, 2017 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

The government is keen to be seen to be playing its part in tackling late payment and we start this Bulletin with an announcement that a large number of government’s key suppliers have signed up to the Prompt Payment Code.

With banks increasingly reluctant to hand out overdrafts, how are businesses managing cashflow? It seems the gap is being filled by businesses increasingly turning to invoice discounting. We look at the latest figures which confirm the switch to this alternative source of finance.

Lenders seem to want to see mountain of paperwork when they are reviewing your finance request. One request is sight of your Tax Returns but want exactly do they want? To close this episode, we go through the three pieces of information lenders want to see.

If you would prefer to listen to the podcast version you can click below or download to listen to later via our Soundcloud, Stitcher or itunes channel.

Business Finance Bulletin Epsd 67: Late Payment, Alternative Funding, and Business Growth Tips

Posted on: March 27th, 2015 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin episode Rob Warlow looks at how late payment continues to get increased focus by the government with revisions of the Prompt Payment Code and proposed legislation. Rob also shares surveys carried out by the Forum of Private Business and the Federations of Small Businesses looking at the extent of the late payment problem.

More news about the government’s desire to regulate that banks must refer clients to alternative sources of finance in cases where they have been declined support by the banks. Rob discusses how the British Business Bank has been given the task to find suitable partners.

If you are an early-stage growth business looking to raise finance via selling equity then Rob shares news about the Sprint programme launched by crowdfunding platform Crowdcube.

And in the Business Finance Tip of the Week Rob chats with Mike Ogilvie of OBC Accountants in Eastbourne in which he shares three growth tips for businesses to act on.

If you would like to listen to this week’s episode in a podcast version you can download it via our Soundcloud page by clicking below

Business Finance Bulletin Epsd 64: Business Confidence, Funding for Lending, Late Payment & Market Invoice

Posted on: March 6th, 2015 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow looks at recent surveys from Close Brothers and the government’s Business Innovation and Skills Department on growing confidence levels amongst business owners in the UK.

Rob also looks at the latest figures from the Bank of England on the Funding for Lending Scheme which shows a continued downward slide in support from banks.

Late payment continues to be a problem for growing businesses and Rob looks at how the government is tackling the problem with revisions to the Prompt Payment Code and new rules designed to ensure the public sector pays on time.

In the Business Finance Tip of the Week Rob chats with Market Invoice, the online crowdfunding platform, which helps UK businesses unlock cash tied up in outstanding invoices.

If you would prefer to listen to the podcast version of this week’s Bulletin simply click below or download to your computer or phone.

Business Finance Bulletin No 48: Types of Business Finance, Late Payment, Crowdfunding & Business Plans

Posted on: October 31st, 2014 by blsuser1 No Comments Tags: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business Finance Bulletin

In the latest Business Finance Bulletin Rob Warlow looks at a recent survey from Hilton Baird Financial Solutions examining the different sources of finance businesses are using today.

The Prompt Payment Code was designed to encourage businesses to treat suppliers fairly and minimise late payment but it could work better and Rob looks at a new Advisory Body set up to improve standards.

Sticking with late payment, a survey from Lovetts, a commercial debt litigator reveals that the amounts outstanding to businesses is on the rise. Watch your cashflow!

Awareness of crowdfunding is on the rise and Rob has news from the Chamber of Commerce of a series of roadshows being run in conjunction with crowdlender ArchOver designed to inform business owners about the options available to them.

Rob also has news that PWC have tied up with MarketInvoice to offer invoice discounting solutions to its clients and in the Business Finance Tip of the Week a look at why business owners hate writing Business Plans!

If you prefer to listen to this week’s Bulletin on your phone or in your car then you can download it as a podcast by clicking the ‘download’ image on the SoundCloud player below.

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  • Hi Rob, it was so interesting and entertaining listening to you at the Kevin Green Wealth Coach Workshop in Reading this weekend! I didnt realise you can find Finance proposals such fun!. Brilliant tips! Thanks.

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  • Rob delivered a series of 3 workshops aimed at understanding how finance houses look at finance propositions with the aim for us as a team to deliver more of a bespoke offering to our customer base. The training was delivered to a mixture of staff who work with new businesses start-ups and existing established businesses across Mid & South West Wales. Rob delivered the training with an abundance of passion and has really helped my team look at financial propositions in a different light, many thanks again Rob and I look forward to work with you in the near future.

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