Kicking off our latest Bulletin, a report from UHY Accountants finds that the UK is in a business start up boom. The figures from HMRC reveal that more businesses were started in 2020 compared to 2019 as people had the opportunity to start up the business of their dreams.Staying with start ups, we look at the announcement form the Start Up Loan Com…

To start this week’s Business Finance Bulletin podcast, research from Hitachi Capital Business Finance has revealed that businesses are now less fearful of contraction or collapse compared to last year. The swing in confidence is a signal that businesses are seeing growth prospects again.When businesses get back into a growth phase, that typically …

Opening this Business Finance Bulletin, after being the key source of finance for 12 months the final figures are out for the Bounce Back Loans and CBILS schemes. The figures reveal the extent of finance taken on by businesses and now it is payback time.For start ups and smaller businesses getting on the ladder to build a credit score can be diffic…

Although the moratorium on Statutory Demands and Winding Up petitions was recently extended, the moratorium on Wrong Trading was not. Opening this latest Bulletin, I look at how the reintroduction of Wrongful Trading with effect from 1st July could impact company Directors.Late payment continues to be concern for small businesses, but I have good n…

Economic recovery can often bring another set of challenges to manage and being able to spot and tackle financial distress is important. Opening the latest Business Finance Bulletin podcast, we look at a new guide from R3 on identifying financial distress and the options available to deal with it.Having access to support and guidance from industry …

Companies entering an insolvency arrangement is starting to increase. Opening this Business Finance Bulletin podcast, we review the latest insolvency figures and the government’s extension to the Statutory Demand and Winding Up Petition moratorium. Will this continue to keep insolvencies low?As part of the government’s strategy of ‘levelling up’, w…

With the economy starting to get back on track, we open this Business Finance Bulletin with news from the Finance and Leasing Association of large increase in leasing and HP deals written in April. Although still well off the 2020 figures, encouragingly the gap is beginning to close as business investment activity increases.Business confidence also…

When the Recovery Loan Scheme was launched in April, the number of accredited lenders on the panel was limited. With the panel lenders now expanding, in our latest Business Finance Bulletin podcast we review the new lenders focused on specific regions of the country and how they are broadening the Scheme’s reach.Business is tough enough as it is bu…

According to the latest Lloyds Bank Business Barometer report, business owners are continuing to feel increasingly optimistic about their future prospects. With optimism and confidence levels reaching new highs we look at one key peril to watch out for.If you have a idea for a great new business and you need an incentive to get started then check o…

Kick starting this week’s Business Finance Bulletin podcast, the Recovery Loan Scheme has had a quiet start since its launch but the number of lenders on the panel is now slowly increasing. We look at the latest additions and what continues to hold the Scheme back.The Start Up Loan Company is encouraging younger people to think about becoming entre…

Are you soon facing your first Bounce Back Loan repayment? Many businesses have just paid their first repayment or soon will and are concerned with cashflow still tight. Opening our latest Bulletin, we look at repayment options under the Pay as You Grow Scheme designed to ease your cashflow burden.A government Bill has been proposed to close a loop…

Opening our latest podcast, we look at how a survey from Bibby Financial Services confirms that business owners continue to feel increasingly confident about the future. What’s driving their confidence and what’s the one thing which could hold them back?Tide, the mobile business account provider, has announce the forthcoming launch of Tide Invoice …

Opening our latest Business Finance Bulletin podcast, as businesses get back on the path growth, what are their top priorities and actions? We look at the findings from the recent Hitachi Capital Business Finance Business Barometer report.It’s not all good news for businesses though. We review the most recent Red Flag Alert report from Begbies Tray…

As the economy kicks back into action, it’s not only businesses which are feeling more confident. Opening this latest Bulletin, we look at a number of lenders who are offering increased support to small businesses with new funding pots and enhanced terms.Have you tried opening a business bank account during the last 12 months? If you have then no d…

We open our latest Business Finance Bulletin with the good news that business confidence levels are on the up. The latest Business Barometer report from Hitachi Capital Business Finance reveals that an increasing number of business owners are predicting improved months ahead.Cashflow can be tight for many businesses, but particularly for start ups.…

On 6th April the Recovery Loan Scheme was launched. Replacing the Bounce Back Loan and CBILS the new scheme is designed to support businesses in need of growth funding. We look at how the scheme works and how it could benefit your business.As businesses focus on getting back on track no one can ignore the level of debt firms accessed in 2020. We re…

According to the latest research from Barclays Bank, there has been a notable increase in the number of business scams. Opening the latest Business Finance Bulletin, we highlight five scams to watch out for.Alongside the extension of other support measures, we look at the government announcement extending the period of a range of measures designed …

We open this Business Finance Bulletin podcast with a review of the latest business insolvency figures. The most recent figures released by the Insolvency Service reveal that insolvencies are still declining. It is acknowledged that the figures will eventually increase so what can you do to protect yourself from customers not paying?The latest figu…

Opening the latest Business Finance Bulletin, we review a report from the British Business Bank looking at the business borrowing market in 2020. Not surprisingly the report reveals that businesses took on an unprecedented level of debt.With businesses going full out on CBILS and Bounce Back Loans the alternative finance sector, which was booming u…

We devote the whole of this week’s Business Finance Bulletin podcast to the new Recovery Loan Scheme.In his Budget last week, the Chancellor announce that CBILS and the Bounce Back Loan Scheme would not be renewed but instead would be replaced by the Recovery Loan Scheme.We look at features of the new Scheme; the key differences between it and CBIL…

As the application deadline to apply for a Bounce Back or CBILS loan fast approaches, there is talk of a new government-backed loan being announced in this week’s Budget. Focusing more on recovery than survival we consider what the features of the loan could be.Smaller, local businesses have been badly hit over the last 12 months. We look at a pilo…

What is the business borrowing environment going to look like post Bounce Back Loans and CBILS? Opening the latest Business Finance Bulletin, we look at why obtaining finance will be challenging once the government loan support schemes finish.After two years in the making, seven of the major banks have launched the Business Banking Resolution Servi…

Kickstarting this latest Business Finance Bulletin podcast, we review the changes announced to the Bounce Back Loan scheme. The tweaks to the scheme will help those small businesses which are seeing a slower uptick in trading than hoped for.Those businesses trading in Europe are finding it a challenge to negotiate the new rules and regulation. Reco…

Opening the latest Business Finance Bulletin, good news in a survey from Hitachi Capital Business Finance, which reveals that despite continuing lockdowns, many businesses are still looking ahead to growth. But not all sectors are so confident.We look at findings from Purbeck Insurance Services which highlight that businesses which took on larger C…

The Insolvency Service has reported on the number of firms which entered some form of insolvency arrangement in 2020. Opening this Bulletin podcast, we look at why the numbers are lower than 2019 and how the tidy is beginning to turn.We look at the latest CBILS and Bounce Back Loan figures which reveal that demand for the support loans are still st…

With 2021 being the year where managing cash flow will be more important than ever efforts to reduce instances of late payment are always welcome. We open our latest Bulletin podcast with changes announced by the Prompt Payment Code which will see its members reduce the number of days taken to pay invoices.If you are purchasing a commercial propert…

This time of year, people tend to set new goals and actions and businesses are no different. We open this edition of the Business Finance Bulletin podcast by reviewing the latest Business Barometer report from Hitachi Capital Business Finance. The report highlights three key actions businesses plan to take in 2021.After nearly a year where the numb…

In the first Business Finance Bulletin podcast of 2021 we open by looking at the latest Business Finance Review from UK Finance which reveals the level of borrowing businesses have taken on in the first three quarters of 2020 and the challenges this will bring.In 2021 the adage that ‘cash flow is King’ will never be truer. A survey from the British…

This edition of the Business Finance Bulletin podcast is a Bounce Back and CBILS fest! We kick off with the news that following a raft of new restrictions the government has extended the application deadlines for all the loan support schemes.The swift roll-out of the Bounce Back Loan scheme has been criticised by the Treasury Select Committee stati…

Cash strapped businesses which are facing creditor pressure have been granted further breathing space by the Government. Opening our latest podcast, we look at the announcement that the suspension on serving Statutory Demands and Winding Up petitions has been extended. Could this lifeline create more zombie businesses?MarketFinance has launched its…

Times of uncertainty can make businesses more susceptible to scams. Opening this latest Business Finance Bulletin podcast, we look at a report from Barclays which reveals a stark increase in the number of business scams. How can you avoid falling victim?As we edge closer to the end of 2020 business owners are facing a squeeze on cashflow. A survey …

Starting this latest Business Finance Bulletin podcast, 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 w…

Opening our latest podcast, 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 v…

To open this latest Business Finance Bulletin podcast, 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 …

Opening this latest Business Finance Bulletin podcast, we 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.…

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 h…

As the application deadline for the Bounce Back Loans and CBILS looms we open this podcast 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, wh…

Opening the latest Business Finance Bulletin podcast, 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 lat…

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 sale…

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 Busi…

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 late…

As we enter a recovery phase in the UK economy, businesses are now turning their thoughts to how their operation will look in the future. A survey from Hitachi Capital Business Finance reveals that many business owners have undertaken a critical review of key areas and taken steps to safeguard their future.One impact of recent events has been the e…

Over the last six months businesses have taken on significant amounts of debt. Opening the latest Business Finance Bulletin, we look at survey findings from the British Chambers of Commerce and TSB which reveal how businesses have used their CBILS cash and, more importantly, how they will cope with this new debt.Latest figures from the Finance & Le…

To open the latest Business Finance Bulletin podcast, the recent announcement that CBILS lenders now have until the end of November to review and process applications does not mean an extension to the deadline for submission of applications. Are you ready to beat the closing date?With an element of business-as-usual beginning to be seen, we review …

To start this Business Finance Bulletin podcast, we review a new report from the SME Finance Monitor team which looks at the economic impact of COVID in terms of current and future performance.The Insolvency Service has released the latest corporate insolvency figures for July. Whilst the number of firms entering some form of insolvency has increas…

Opening this Business Finance Bulletin podcast, fears of another Credit Crunch are mounting with the Bank of England calling on banks to play their part in meeting funding needs as business start gearing back up.The latest figures from the Finance and Leasing Association reveal how demand for Asset Finance facilities has dramatically fallen over th…

Opening this week’s Bulletin podcast, we look at the amount banks are setting aside for expected loan losses. We are in the High Street banks’ half-year reporting season and they are setting aside significant provisions for expected loan defaults. How could this impact you when looking for finance?Although experiencing a fall in sales, the impact o…

On 22nd July HMRC’s status as a Preferential Creditor in insolvency situations was restored after nearly 20 years. Could this have an impact on the cost of obtaining business finance and the appetite of lenders to support businesses?As growth in the economy begins to kick back in, many businesses are a long way off in settling into a new routine. T…

Opening the latest Business Finance Bulletin podcast, we look at proposals presented by financial firms and professionals on how to easy the debt and cashflow burden facing business in 2021 when CBILS and Bounce Back Loan repayments start.As businesses open and consumers slowing start spending, we review the latest quarterly survey from Hitachi Cap…

To start this week’s podcast, we take a look at whether we are going to see another Credit Crunch in 2021? The signs are starting to emerge that we may and if so, what can you do now to avoid getting caught out?Getting the right support and advice can help you navigate these turbulent times. If you value advice as you plan your recovery, then there…