Archive for the ‘Business Finance Bulletin’ Category

Wrongful Trading Suspension Extended; Bank Service Satisfaction; CBILS and Bounce Back Losses

Posted on: November 29th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Starting this latest Business Finance Bulletin, good news for Directors concerned about potential personal liability on decisions being taken with an announcement that the suspension on Wrongful Trading has been extended.

How satisfied are you with the service your bank is providing and what factors would you take into consideration if you were to move banks? These are questions posed by the Current Account Switch Service in its latest survey.

To close, with the CBILS and Bounce Back Loan application deadline extended, the Office for Budget Responsibility has revised the estimated losses the government could face on the two schemes. The amounts demonstrate the potential high cost of supporting businesses.

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

Business Finance Bulletin · Wrongful Trading Suspension Extended; Bank Service Satisfaction; CBILS and Bounce Back Losses

Start Up Loan Ambassadors; Bounce Back and CBILS Update; and New Company Formations

Posted on: November 22nd, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Opening our latest Bulletin, news from the Start Up Loan company that it has appointed its latest batch of 12 Ambassadors. These are businesses owners who have built a successful business after receiving a start up loan.

We take our monthly look at the Bounce Back and CBILS loan sector. Whilst the figures show a continued increase in the number and volume of loans drawn, the rate of increase is starting to slow.

To wrap up this edition, a review carried out by Capital on Tap reveals the UK’s entrepreneurial hotspots when it comes to new company formations since the first lockdown. Which sector has proved to be the most popular type of new business?

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

Business Finance Bulletin · Start Up Loan Ambassadors; Bounce Back and CBILS Update; and New Company Formations

Just Cashflow Business Account; Recognise Bank Opening; and IwocaPay No Charges Offer

Posted on: November 15th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

To open this latest Business Finance Bulletin, we look at an announcement from Just Cashflow that it is about to launch its own Business Account. Just Cashflow clients will now be able to take advantage of this new service which offers all the features of a traditional bank account.

Good news for small businesses looking for a bank designed around their needs with the news that a new bank has received approval to launch. We look at how Recognise Bank will support SMEs with a range of lending products, based on a relationship-led approach.

To close, with businesses focusing on managing costs and cashflow, we have news from Iwoca that it is waiving charges on its IwocaPay facility up to 2nd December. Could IwocaPay help you better manage your cashflow in these turbulent times?

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

Business Finance Bulletin · Just Cashflow Business Account; Recognise Bank Opening; and IwocaPay No Charges Offer

Fraudulent Bounce Back Loan Applications; Business Borrowing Soars; Asset Finance Deals Decline

Posted on: November 8th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Opening this latest Bulletin, we take a look at a disclosure from the British Business Bank as to the number of fraudulent Bounce Back Loan applications lenders have intercepted, and the amount prevented from being lost to criminals.

A report from the EY Item Club has revealed the staggering amount businesses have borrowed in 2020. The comparison to how much was borrowed in 2019 raises fears of a burgeoning debt bubble.

To wrap up, despite levels of borrowing generally increasing, we review the latest figures from the Finance and Leasing Association which show that the number leasing and HP facilities is in decline, demonstrating a lack of business investment appetite.

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

Business Finance Bulletin · Fraudulent Bounce Back Loan Applications; Business Borrowing Soars; Asset Finance Deals Decline

Cancelled Insurance Policies; Businesses in Financial Distress; and Bounce Back Loan Lockouts

Posted on: November 1st, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Whilst it is always wise to review your costs and overheads, new research has revealed that businesses are cancelling insurance policies to save on the premiums. Opening this week’s Bulletin, we look at the top 3 policies businesses are cancelling and the risks they are taking.

We review the latest Red Flag Alert report from Begbies Traynor, which highlights an increase in financial distress some businesses are now under. The jump in numbers between quarters is a reminder of how tough 2021 could be for some businesses.

To close the Bulletin, a call from the All Party Parliamentary Group for Fair Business Banking for the government to support those businesses locked out of applying for a Bounce Back Loan because they don’t have a business bank account.

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

Business Finance Bulletin · Cancelled Insurance Policies; Businesses in Financial Distress; and Bounce Back Loan Lockouts

Bounce Back & CBILS Update; Business Growth Plans; and Invoice Finance to Fund Growth

Posted on: October 25th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

As the application deadline for the Bounce Back Loans and CBILS looms we open this Bulletin with a review of the latest figures on the number of loans and amounts borrowed. There are also signs that lenders are starting to close their doors early.

A survey from Hitachi Capital Business Finance reveals that small business owner’s ambitions to grow, whilst not surprisingly lower than pre-COVID levels, has remained steady over the last two quarters. Is this sustainable?

Wrapping up this episode, we share a story of how one business didn’t follow up on a potentially lucrative contract due the credit terms demanded by the other side. We look at how Invoice Finance could help preserve cashflow.

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

Business Finance Bulletin · Bounce Back & CBILS Update; Business Growth Plans; and Invoice Finance to Fund Growth

Just Cashflow VAT Finance; Insolvency Numbers Edge Upwards; and Business Savings Habits

Posted on: October 18th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Opening the latest Business Finance Bulletin, we look at a new offering from alternative finance provider Just Cashflow. With more traditional cashflow issues starting to re-appear, Just Cashflow has launched a VAT Loan facility to support businesses with payment of their VAT liabilities.

Despite the perilous state of the UK economy, the latest figures on how many businesses have entered an insolvency arrangement is still low. We look at the three factors which are artificially holding the numbers back.

To close, a survey from Aldermore Bank reveals that the events of this year have reminded businesses of the importance of holding a cash reserve. The survey finds that businesses are now looking at increasing the amount they save.

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

Business Finance Bulletin · Just Cashflow VAT Finance; Insolvency Numbers Edge Upwards; and Business Savings Habits

Business Borrowing at Record Levels; Cost of Unpaid Invoices; Bounce Back Loan Losses

Posted on: October 11th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

The latest review of business borrowing by UK Finance has revealed a staggering increase in the amount of debt firms took on in Quarter 2 of this year. The figures highlight the debt mountain businesses face repaying in 2021.

Research from Nimbla, the trade credit insurance provider finds that many businesses are still owed money from pre-COVID sales. What are businesses expectations on invoice payment in the last quarter of this year and beyond?

To close, we review a report from the National Audit Office estimates that the government could suffer a high proportion of losses on the Bounce Back Loan scheme.

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

Business Finance Bulletin · Business Borrowing at Record Levels; Cost of Unpaid Invoices; Bounce Back Loan Losses

R&D Tax Credits; Proposals to Tackle Late Payment; and Business and Investment Confidence

Posted on: October 5th, 2020 by blsuser1 No Comments Posted in Business Finance Bulletin

Opening this latest Bulletin, we review the annual National Statistics Office report detailing how many businesses have claimed R&D Tax Credits and how much they have received. If you have changed or improved the way you do business are you taking advantage of this scheme?

Tackling late payment is a problem that never seems to go way. The Small Business Commissioner office is proposing additions to its powers which will allow them to take tougher actions against late payers.

To wrap up, we look at levels of business confidence and how the appetite to invest in new plant, machinery and equipment remains low.

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

Business Finance Bulletin · R&D Tax Credits; Proposals to Tackle Late Payment; and Business and Investment Confidence

CBILS & Bounce Back Loan Extension; Loan Support Figures; and Unintended Consequences

Posted on: September 28th, 2020 by blsuser1 No Comments Tags: , , , , , , , , , , , ,
Posted in Business Finance Bulletin

This episode is devoted to developments within the CBILS and Bounce Back Loan government support schemes. Given the ongoing economic problems, we kick off with a look at the Chancellor’s announcement that the CBILS and Bounce Back Loan application deadlines have been extended. Is it time to re-look at your borrowing requirements?

We look at the latest figures from HM Treasury on how much has been borrowed from the two main support schemes. The amount of money borrowed is a significant sum and signals a tough 2021 for many businesses when it comes to repaying these loans.

To close this Bulletin, we consider some of the unintended consequences of the CBILS and Bounce Back Loan schemes in term of future availability of finance and capacity for businesses to borrow.

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

Business Finance Bulletin · CBILS & Bounce Back Loan Extension; Loan Support Figures; and Unintended Consequences

Tweets

What Our Clients Say

  • I wanted to thank you for such an insightful, energetic, and entertaining talk at the Kevin Green Wealth event on securing funding and creating a successful plan. It was brilliantly executed and a pleasure to listen to and the ideas I’ve learned are definitely going to help me in going forward.

    Max Cooper of Manchester
  • 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.

    Gaz Jabeen | Bollywood Burn Out
  • 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.

    Shayne Yates | Welsh Government Regional Centre Service Mid Wales
  • Rob kindly agreed to attend the recent Pontypridd RFC sponsors networking evening and delivered what can only be described as an excellent talk on 5 Tactics to Boost Your Business and Your Profits. He kept the audience engaged throughout and the feedback from everyone was excellent. Rob is very knowledgeable on business and finance and on top of that is a genuine nice guy. We hope to have him back at a future event and I have no hesitation in recommending Rob’s services.

    Angela Holloman-Coombes | Connective HR
  • Further to your recent presentation at LEAD Wales just wanted to say it was very refreshing to see somebody talk passionately and positively about finance, very insightful!

    Kay Hyde | Hyde & Hyde Architects

Contact Us

    [recaptcha]