Thinking of expanding? Improve your chances of bank support.
What can you do to improve your chances of getting bank support? Here are a few reminders.
Could time to pay impact your banking covenants?
As a result of the COVID-19 pandemic, many businesses have entered into time to pay arrangements for their corporation tax. At some point though, historic tax payments will overlap with new taxation liabilities. This may create further cash flow pressure, particularly at a time when working capital also needs to be ramped up. In addition, the duplicity of taxation payments may negatively impact…
The rise of the Zombie company
No doubt we’ve all sadly viewed our ever-changing high streets resplendent with “closing down” signs and empty shops, pubs and restaurants with a mixture of doom and foreboding.
Ensure your data is working for you
The Pandemic has accelerated the use of cloud-based accounting platforms. It is readily accepted that these have a myriad of functions and can produce a variety of reports and graphs at the press of a button on the keyboard…automation in finance is here to stay.
Future proof your business – scenario plan
Businesses have faced a multitude of battles during the Pandemic, keeping a steady eye on trading & performance, protecting their workforce and moving them from the office into a virtual world of working whilst at the same time addressing the needs of their customers, clients and stakeholders
Check your COVID-19 Insurance claim
If your business has been closed due to the COVID-19 crisis, you may have been able to claim for some loss of income on your business insurance policy, although this does vary case by case depending on your insurer, policy details and the claim itself.
What is Integrated Financial Data and why do I need it?
Many lenders and investors will ask for integrated management accounts and forecasts. So, what is this and why is it useful?
Brexit three weeks to go and counting: ensure you prepare
With every sign that this week’s talks between the UK Government and EU will fail to reach an agreement, most businesses are now preparing for all eventualities. The Institute of Chartered Accountants has published a checklist of key points to address this.
10 ways to improve your chances of bank support
Prospects of bank support are affected by non-financial factors as well as by financial performance, says Forward Financials Limited.
KPMG Small Business Service in the spotlight – why did it close?
KPMG has announced this month that its Small Business Accounting, launched in 2014, will be closing after just five years in the market. Find out why it's closing and how Forward Financials can assist your business.
Financial modelling in the spotlight
Over the years, financial modelling has been in the news for the wrong reasons, as we know only too well if we think about Enron, Aegon and more recently in the UK, the West Coast rail contract, where the Laidlaw report highlighted that the Government’s poor financial modelling cost tax payers £50M.
Will algorithms replace analysis?
New sources of technology-generated data are now making up a greater piece of the pie when it comes to making a decision on whether to invest in a company or not.
What makes a merger succeed?
Mergers are having a moment in the UK…think of the proposed merger of Asda and Sainsburys in Food Retail & Comcast and Sky in the Media/ News industries.
Will green investing get easier?
On the TV, the radio and in social media “green investing” or “environmentally responsible” investing are phrases you hear more and more. Everyone wants to do their bit in terms of fighting climate change and the financial markets are no exception.