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Small Business Finances

Crowdfunding is an increasingly popular way to raise funds for your small business and if you think you can persuade the masses to give your idea a chance then do not hesitate to get your crowdfunding started. In 2016 crowdfunding provided 15% of total UK startup and venture-stage equity investments, and it continues to grow at a phenomenal rate. Here, we take a closer look at this innovative method to funding your small business idea.
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The simple and honest answer is – not much! Most companies that go into liquidation are insolvent, apart from those that are placed into Members’ Voluntary Liquidation. It’s probably easiest if we start by looking at the definition of insolvency and then we can look at how this impacts companies with financial difficulties, tells Richard Saville of Corporate Financial Solutions.
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Owning a business is tough. It can be difficult waiting for receipts to clear. You may find you’re spending all your time trying to chase profit and leads, and neglecting your cash flow.
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Directors’ loan accounts can appear to be a complex element of your business at first glance, but the basic concept behind them is straightforward – to provide transparency when moving monies between you, as a director, and the company.
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One of the things everyone dreads hearing is that their client has gone out of business. It can understandably cause a lot of stress in your business, as you don’t know if or when they will ever be able to pay your invoices or just how much trouble the debtor company is in.
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Whether its clients “forgetting” to pay, stalling for time before settling their bill – or sometimes just deciding not to pay you at all – having to chase up money that’s rightfully yours is frustrating and time-consuming.
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When you supply goods or services to other businesses, you’ll usually extend them some form of credit. Setting the right credit terms is essential if you are to protect your business from the risk of late payment.
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Many SMEs leverage the power of the internet to broaden their horizons and trade with companies overseas. It’s also allowed micro-businesses and freelancers to compete with much larger suppliers, both in the UK and elsewhere, without the costly fees associated with a traditional merchant account.
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There may be times when you need access to extra funds to help with your business cashflow, or simply to know that a short-term lending facility is in place should you need it.
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With lenders reporting record advances to clients in recent months, we look at how asset based lending works in practice, and if it offers a solution to businesses who may have experienced difficulties securing finance from ‘traditional’ sources.
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Whether you have decided to sell or buy a company, or simply want to know how much your company might be worth, there are a number of conventional ways to value a business.
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You may need finance to get your business started, or seek an injection of capital further down the line once your business has grown. Here, we look at how most small business owners raise funding.
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Whether you are on an initial ‘free’ banking period, or have an established business bank account, you may be surprised at how much your bank charges to process inbound and outbound transactions.
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In good and bad times, the most successful companies are those which keep and eye on costs and cashflow management from day one. Here are some ideas to increase the efficiency of your business.
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The role of business angels (and ‘dragons’) has been publicised a great deal in recent years thanks to a growing number of ‘entrepreneurial’ TV shows. For many growing businesses, angel investors can provide numerous benefits, although you should also be aware of the pitfalls.
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Almost all of us will have to deal with late paying clients and customers at some point or another, but new research from Bacs illustrates just how serious a problem overdue payments have become for the nation’s small businesses.
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According to the latest Government data, over 1,000 companies have raised finance via the SEIS since its launch in 2012. So, why have so few business owners heard of the scheme, and what benefits does it offer businesses and potential investors?
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In its latest response to the age-old problem of late payments, the Government has outlined a number of measures it plans to implement to reduce the estimated £30bn owed to small firms.
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According to innovation charity, Nesta, the number of crowdfunding platforms operating in the UK grew by 50% last year, providing both potential investors, as well as businesses seeking finance, with almost 90 platforms to choose from.
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New figures suggest that more ordinary investors are placing their money in EIS investments, as a result of recent reforms which increased the tax breaks available, and expanded the scheme to include larger companies.
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