Financial and Administrative Services

Thanks to the Corona Virus businesses across the UK will never quite be the same. In the UK alone some 7.5 million employees have been furloughed. With 2nd quarter rent day looming on the 1st of June what does that mean for your business and do you know what help is available to you? What else is there besides government help? 

Government Schemes include; 

* Delaying self-assessment tax and Vat until June. 
* grants for businesses that pay little or no business rates. 
* Bounce back or Business interruption Loan scheme from as little as £2,000 to £50,000
* Larger loans up to £2m also available
* Announced 19/5/2020 a ‘future fund’ for new startups! You won’t have to prove the worth of your business and could see a government bailout loan in exchange for a chunk of your company (equity),
* Announced 20/05 -winding up petitions suspended until June. No one can petition you in the courts for payment until the end of June if your business has been shut down during COVID
* In my limited experience so Lloyd’s Bank appears to be very flexible to deal with this time. Did you know they are offering personal and business overdrafts for up to £500 with zero fees! Great if you or your business needs just a little flexibility

****Today -27th May it has been announced that there will be cut off limit for the Furlough scheme announced this week! If you need to furlough now is the time to act!!! ****

Other help;
* Equity funding
* Crowdfunding -popular for those who have a pub, bar, cafe or restaurant!
* Payment holidays with creditors
* Maximising your own debts owed to you from your clients
* extended terms with creditors and suppliers

Please note these schemes are for existing businesses impacted by COVID. What happens to normal lending for new businesses startups? This is likely to resume 1st of June and I’m looking into this! Watch this space .,...

I have seen many businesses, including those of friends and family impacted by COVID. These available schemes are not always clear cut and easy to understand so with my financial background I have assisted where I could in explaining the jargon and different options available in an easy to understand way. I have also assisted in rejections from Banks and have successfully been able to assist in appealing these.

I now offer my services to you during COVID as I very much want to help move your business forward in these difficult times!

Services include but are not limited too;

*Full remote assessment of your circumstances with complete, impartial, and easy to understand explanations of all options available to you

*Independent assessment of any Bank or financial institutions rejection of loans complete with tools and suggestions of how you can raise an appeal

*Access to a network of other support for your business including bookkeepers, tax advisors, IT consultants, and Independent Financial Advisors in and around Sussex

*Unique approach to credit assessing your clients remotely, developed by years of experience but more importantly different ways of thinking during this crisis

*Building a picture of your clients both pre and post COVID to aid your in decisions in dealing with them. For example, in deciding whether to offer extended payment terms? Will they pay?

*Tools and guidance for how to stay ahead of your cash flow management

*Sympathetic yet effective credit control

* Compliance to help protect your business

* Monitoring of equity, bonds and commodity markets -even the smallest changes in what feels like a complicated market can surprisingly have an impact on the smallest business!

I strongly believe that we can all adapt, be flexible and with just a little help can see ourselves and our businesses through this crisis.

Helping others at this time is new to me but I believe my journey into this will make me more understanding and flexible than some other established companies. However, for your peace of mind;

* I have full professional indemnity insurance
* 15 years’ experience in a financial background
* My prices will be dependent on each individual circumstance but during this crisis, I am not looking to profit and I am just looking to cover my costs and hopefully build a relationship for the future
* Delayed payment of any service may be possible.