Wednesday, 30 July 2014

Planes, Trains and Automobiles

Actually, probably not planes and trains* but this is about automobiles! In particular, it’s all about Low Emissions Automobiles.

While on the face of it getting a new car seems like an expensive endeavour, moving from an older one to a new vehicle with low emissions will actually save you money in the long run.

Firstly, the road tax on low emissions vehicles is significantly lower than that on your average vehicle. Depending on the vehicle you switch to, you could actually save in excess of £100!

Secondly, fuel costs will be significantly lower. The amount you could be saving on fuel could be phenomenal, especially if you do a lot of driving.

Thirdly, if you plan on buying either a hybrid or a car with CO2 emissions of less than 95g/km buying it through your business will reap significant tax savings as they qualify for a 100% Capital Allowance!

In addition to the financial savings, you can also feel comfortable knowing that you’re helping to save the planet!

Plus, what’s better than that fresh new car smell?


*We’ll do our very best to get you a plane or a train if you require one, but we’re not making any promises!

Wednesday, 18 December 2013

It’s that time of year again!

Wow, it’s been a year already! Time flies when you’re incredibly busy, helping clients increase their profits and generally helping them improve their business while preparing for the future.

It’ll be Christmas soon, and hopefully you’ve got some time off to relax and reflect on the past year like I am about to do!

Firstly, in 2013 we revamped our website as it was looking a bit old and tired. Now it’s looking new and fresh with everything easier to navigate. You should definitely take a look, if you haven’t already!

Secondly, we’ve worked with our Financing service providers to bring you even more innovative ways to access cash you need, when you need it such as Peer To Peer lending which allows you to borrow directly from real people, and Personal Asset Finance which is kind of like pawning your valuables.

And thirdly, amongst other things, we have been reminding businesses of one of the most important things of recent times – Pension Reform and Auto-Enrolment as it is getting nearer to staging dates for smaller businesses. On April 1st 2014, every business with between 50 and 249 employees will need to have a company pension scheme in place. There will be a more detailed blog about this in the New Year so keep your eyes peeled!

I really hope you’ve had a great business and personal year, and we look forward to further helping you in 2014!

Merry Christmas and a Happy New Year!


P.S. The office will be closed from 3pm on Christmas Eve until 9am on January 2nd 2014.

Tuesday, 24 September 2013

It’s all about Franchising

Franchising is one of the largest sectors in the world as it’s one of the quickest ways to expand your business. You probably don’t realise this but a lot of companies you've used do it… everyone from food giants like Yo Sushi & Subway, retail outlets like CEX & Debenhams, and other more specialised areas like estate agents and windscreen repair.

It’s a sector that’s growing every day, as it is easier and cheaper to buy a franchise and work from an already existing model than to start a business from scratch as everything you need to get started is already there, and training is part of the package.

Look at Subway, the popular sandwich shop (and one of my favourite lunch spots), for instance. It was started in 1965 with one store in Connecticut and now, 48 years later they have a total of 39,747 stores in 101 countries.

Companies like Subway prove that as long as you have a simple, replicable & interesting business model it’s possible for any company to expand through franchising without having to open multiple branches themselves.

While you can sell a Franchise as your business is right now, the costs for the franchisees have to be taken into account; for example:

·         Overhead Costs – From gas, electricity & insurance… to signage, stationery & mobile telephones.
·         Vehicle Procurement – If your business requires a company van or car, you’ll need to find the most cost efficient yet good quality vehicle.
·         Accountancy – Helping a franchisee be more tax efficient by recommending your personal accountant can also benefit you.
·         Financing – If your potential franchisee cannot afford the fees up front, you need to have a preferred financing provider in place who will find the lowest rates.

All of these ‘add on’ services are extremely attractive to potential franchisees and can help them decide between your franchise and a competitor!

If you have thought about all of these factors, your business could be the next big franchise!


Enhanced Business Services offers help and advice to businesses in order to aid them with expansion and be more cost efficient.

Wednesday, 7 August 2013

UK Construction at a 3 Year High

While construction only accounts for 6.8% of the UK’s economic output, it is certainly great news for businesses in the sector that it’s at a 3 year high.
This is mainly due to government initiatives to boost mortgage lending prompting property developers to start building more houses to fulfil the need. Along with residential construction, commercial and civil engineering also showed signs of improvement meaning that this is the first time in more than a year that all three sub-sectors expanded.
House prices are rising quickly right now which looks like the economy is finally back to normal, so this is the sector you need to get into if you have cash burning a hole in your pocket and want to invest or alternatively we are able to help with financing.
For those already in the construction sector, you’ll know how long it takes for invoices to be paid so there may be long gaps between large jobs while you raise the capital, and it is especially difficult for those in this section to get funding. This is where invoice finance comes in; it has now been opened up to the construction sector in order to allow you to access a percentage of the cash on an unpaid invoice immediately meaning you can jump on those new projects quicker!
As you know, construction is one of the biggest sectors in the world and the money to be made from it is astronomical. From building just one property, it is possible to start building a whole portfolio of properties to either sell on or rent out.

Friday, 24 May 2013

Owed too much, much too late!

Did you know that the outstanding personal debt in the UK stood at £1.423 trillion at the end of March 2013? That’s the equivalent of around £22,000 for every person in the UK.*  This is an absolutely shocking amount that people owe and it may be you to which they owe it!

See, when people owe us money a lot of the time they don’t even bother to contact us to even try to explain their situation or negotiate a payment plan. They ignore our calls and messages, hoping for us to just forget it or write it off. Banks and building societies alone write off £10.92million worth of Loans every day* and they’re hard people to please so where do you think that figure stands for business owners who have less time to chase?

The issue is that it gets to a point where you’ll never get your money back as the debtor will end up either personally bankrupt or their company insolvent so time is off the essence!

Even if they have assets such as a personal property, if you leave it too late they may even lose these; which, for the record, happens every 16 minutes in the UK*, so they will have nothing left for your solicitor to go after.

With this in mind, how long will it be before they are forced to declare themselves bankrupt? The answer could be not long as someone in the UK is declared bankrupt every 5 minutes.
As for you as a business owner, if you are continuously being paid late or not at all you’ll end up with severe cash flow problems and what does that mean for your business? Especially when you see that in the first quarter of 2013 there were 3,619 compulsory liquidations.* You wouldn’t want that now, would you?
So what can you do about people who owe you money?

Firstly, ensure your payment terms are clearly outlined and then have a process in place of pro-actively chasing payment before passing onto a Debt Recovery Specialist (we can help with this)

On our website, we have more information about how our Debt Recovery specialist can help as well as some more in depth tips on getting back what’s owed to you:

Have a lovely bank holiday weekend!


*All figures come from here:

Thursday, 11 April 2013


Every week we hear of a well known high street business going into administration, it is now so common that we are becoming immune to hearing it on the news, but what is more alarming is that for every high street business struggling, there are hundreds of small and medium sized businesses in the same boat!
Sooner or later business owners need to make the decision about when to stop throwing good money (theirs or their suppliers!) after bad and calling it a day, but there are a number of positive steps clients can take before the inevitable happens.
Your accountant should be able to give you many options, and if they can't then you really need to question what you are paying them for.....
As a starting point, speaking to an Independent Insolvency Practitioner (IP) can be the most positive thing you can do. They are not there to just close down companies through administrations and liquidations, but can really help with restructuring the business often without a formal insolvency procedure, with things like agreeing payment plans with HMRC and suppliers, renegotiating banking facilities, sourcing fresh investment and reviewing the overall strategy of the business to help you continue trading. It is not such the dooms-day scenario most think of when dealing with IPs!
What is more important is if you have a good core business model, to not get into trouble in the first place, so it is important to remember "Cash Is King!!". Having good cash flows is essential to all businesses and managing it comes in all guises, from looking at alternative forms of financing to cutting overhead costs.
We all know how badly banks have been run in recent years and they offer very little help to small businesses, pulling overdraft facilities or increasing interest loan charges way above the Bank of England base rate! A great alternative to an overdraft is invoice financing and using brokers can substantially help reduce the interest rates paid on commercial loans and limit and requests for personal guarantees. There are also brokers who can source unsecured loans if assets are not available or loans against luxury items if you have a bad credit rating.
Irrespective of how you manage your cash flow one thing all businesses should do is be structured to protect their assets and ability to trade from the effects of a recession and the best time to do this is when things are going well. A good accountant will always ensure this is the case but an IP can check this for you and advise accordingly. It could be the best money you ever spend if business does take a turn for the worse!
Add to the above getting a Cost Management Company to help reduce your overheads and the options are endless when it comes to cash flow management, so if you are struggling ask the experts and they will soon tell you where they can help. Can you really afford not to.....
For more information on how we can help you get the expert help and advice don't hesitate to get in touch.
Take Care,

Friday, 25 January 2013

We haven’t disappeared!

We haven’t blogged for a while because we’ve been incredibly busy helping arrange great business enhancing services for our clients such as Financing, Debt Recovery and Cutting their Costs.

Whilst we’ve been doing this, we’ve had to suffer the grim coldness of ice and snow. Here at our head office in Norwich, we’ve had around 5 inches of snow and at one point the temperature dropped to -10! Right now as I sit here writing this, it’s -5 outside… I’m not looking forward to the walk home! I really hope it’s been warmer where you are.

It’s not all bad though, as we’re warm in the office and working hard on some exciting things!

In the coming weeks and months, expect to see blogs on subjects such as Saving Tax, Business Finance, Wealth Management and Vehicle Procurement.

Stay safe on the icy roads and keep warm!