Credit Reinsurance Scheme extended as rising late payment revealed

Businesses have welcomed the news that the Government has extended its Trade Credit Reinsurance Scheme as new figures reveal that the pandemic has exacerbated Britain’s late payment problem. According to the Institute of Directors, over a third of company directors polled said they had faced an increase in late payments during the pandemic, with almost
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Better property days ahead for 2021

It’s hard to believe now, but this time last year, all the talk was about how resilient the housing market had been in the face of Brexit uncertainty. And, with Boris Johnson’s election and his unexpected success in renegotiating terms with the EU, it all ended with a rising sense of optimism. Commentators were even
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New business start-up challenges you may face and how to overcome them

If you’re thinking about becoming your own boss or you’ve recently started a business there are many challenges you will face that could be the difference between success and failure. There were 672,890 new companies registered in 2018 to 2019, according to Companies House data. Some will become multi-million pound successes, some will last forever,
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Property Christmas Cheer

Lockdown 2 has caused only the smallest of blips in the housing market and, throughout, demand has remained substantially above recent November averages. For the first six days, while buyers were adjusting to the conditions, demand was up 28% on last year. That figure then jumped to 49% for the rest of the month. At
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Now is the time to benchmark your funding for 2021

For many businesses this year, accessing cash has been at the front of their minds, and they are likely to be using a very different combination of funding facilities than they were this time last year. While the funding options some businesses have used during the pandemic have been critical to their survival, others may
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Building a High-Functioning Team

Public policy response to the pandemic, mandating lockdowns and other restrictions on commerce, has created special challenges for business. Recruiting now comes with a unique set of considerations, along with the integration of new employees. Hiring and on boarding new staff remotely is new territory for most of us and working from home. The terrain
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The Advantages of “One Stop” Purchase Order and Accounts Receivable Financing

Most commercial financial transactions follow a well-established process: A transaction starts with a purchase order, an electronic or paper document issued by the Buyer detailing the amount and specifications of goods it is prepared to purchase. The Seller accepts the purchase order and completes work on the requested goods. Upon delivery of the order, the Seller
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Trends Brexit Alternative Finance blog

We have seen very encouraging activity from many of our clients who are selling to overseas markets over the past few weeks. Many SMEs are getting a jump on their Brexit readiness and have already sourced new markets for their products and services ahead of the end of year deadline. We are also seeing a
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Property Ride Here we go again

We’re back into lockdown but this time around the property industry will not be required to close, so buyers, sellers and renters will be able to continue moving home. Initially, it was not clear whether agents would be able to keep their physical branches open but it has now been confirmed they can. It remains
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Application deadlines for COVID loan schemes extended

The government has announced plans to extend the application deadline for loan guarantee schemes – that is, the Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme, and Coronavirus Large Business Interruption Loan Scheme – to the end of January 2021. This will give businesses two extra months to make loan applications, relative to the
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