One of the biggest challenges for any company is to ensure that their equipment is always up to date and contains the latest technologies to keep the optimum productivity across the business. Often the cost to purchase new equipment can be out of budget and this is where the importance of equipment leasing can be…
read moreThe last Government backed funding initiative which was brought in to aid the recovery of businesses during COVID-19 will be coming to an end on 30th June 2022. The Recovery Loan Scheme (RLS) was created to support businesses of any size, who have been affected by the pandemic and need some financial help either through…
read moreSince 2020 the construction industry has seen positive growth and although there will be challenges ahead, it is expected to capture further growth potentials in the next 24 to 48 months. With more construction sites being developed there is likely to be a surge in demand for plant and heavy machinery. The issue many construction…
read moreAs the clocks spring forward and we all start dreaming of warmer weather and lighter nights there is a real buzz building around the forthcoming festival season. Having been hit hard with a lack of events for the last 2 years, there is great optimism that this year will see the festival scene return to…
read moreDebt factoring is when a business needs immediate cashflow and so will sell its invoices to a broker who can arrange for an advanced payment to be made. Often clients will take 60-, 90- or 120-day payment terms and waiting for that payment is not always a viable option for the company. This is where…
read moreIntellectual property (IP) refers to a set of intangible assets which are owned by a business and which are legally protected. It is not a physical asset, but includes items such as a patent, copyright, trademark or trade secrets. Broken down further, this can include items such as inventions, literary or artistic works, designs, logos,…
read moreAsset funding in simple terms, describes a type of funding that can be used for purchasing a new business asset. It can be used for either acquiring a new asset or for raising finance against an asset which the business already owns. It can be broken down in to 2 specific categories, hire purchase and…
read moreThe farming industry is a crucial part of the economy but it is one which also is extremely challenging. Managing cash flow when you operate in a seasonal basis, where income hits big highs and big lows, is never an easy process. This is where agricultural finance is critical to the successful running of any…
read moreThe RLS (Recovery Loan Scheme) backed Government initiative has been running since April 2021 and continues to offer financial support to all types of businesses across the UK. It was set-up to assist companies who have been adversely affected due to COVID-19. The finance available can be utilised for any genuine business purpose and lending…
read moreA fixed business asset is something that is purchased for long term use and can include property, equipment and land – all of which are used for operational purposes to generate future income. Key facts about fixed assets: Any fixed asset will provide a long-term financial benefit to a business and from an accountancy perspective…
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