As a family-managed business we understand the huge impact the Covid-19 pandemic and subsequent measures enacted are having on UK businesses; as an SME Finance Charter signatory we are proud to continue to do all we can to support SMEs though these difficult trading times. Full details of all the measures the UK Government has [...]
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So far andrewfrost has created 79 blog entries.
We continue to monitor the COVID-19 guidance very closely and are following recommendations on health and safety for all our staff. We want you to know that we have a business continuity plan in place and remain very much open for business. We will continue to underwrite each finance request on a case by case [...]
Traditional asset finance - hire purchase or leasing - is a well known and understood way of acquiring equipment whilst spreading the cost to preserve cash flow. But what many businesses are unaware of is how asset refinance - raising cash by using the equipment the business already has - can quickly and easily provide [...]
With less than a month to go until the current Brexit deadline businesses currently face a growing 'perfect storm' of conditions. The continuing political uncertainty around Brexit - which in turn creates general economic uncertainty because there is still no definitive answer on the economic rules and regulations businesses will have to comply with - [...]
With memories of summer already beginning to fade many business owners are returning to work to find that the holiday period has resulted in a cash flow crunch. For small businesses in particular, the summer months can place additional pressure on cash flow. Staff take time off, which has an impact on the ability of [...]
With summer nearly here (or has it already been given the weather in February and at Easter!) people will be looking forward to the 2 May bank holidays and forward to time off in the summer. For any business, this means planning staff absences and ensuring that products and services continue to be supplied and [...]
Having secured a 2 week extension, the UK is now set to leave the EU by the 12th April, prolonging the economic uncertainty faced by UK businesses. Uncertainty dampens business investment, stifles growth and lowers output. Whilst we've seen growing businesses continuing to invest in new or replacement equipment, we've also heard from and supported [...]
As I write the UK is less than 30 days away from it's scheduled departure from the EU. What this looks like and in what way we will leave (deal, no-deal) is yet to be finalised with politicians from across the political spectrum unable to agree on the way forward. It's a cliche but there's [...]
The start of 2019 brings with it a delayed Christmas present from the Chancellor - as of 1st January 2019 the Annual Investment Allowance has been temporarily increased. The Annual Investment Allowance allows businesses to invest in qualifying equipment* and benefit from the ability to write off 100% of that investment against their taxable profits in the [...]
We were recently asked to look at providing some asset refinance for a potential customer in order to pay off an expensive short term revolving credit facility they had taken out (basically a credit card-like facility). We reviewed the information, appraised the equipment and were able to make an offer without Personal Guarantees within 48 [...]