A property maintenance and shop-fitting business with annual sales in the region of £750,000. Despite the challenging economic climate they had a very strong forward order book. The business had used a bank-owned invoice financier but the levels of finance generated were inadequate. There were some issues from a previous business caused by a falling out between directors which led to claim and counter claim along with HMRC arrears. With our help, we were able to give the incoming invoice financier comfort as to the nature and validity of the claims and make suggestions as to how the HMRC position could be best resolved.
The outcome was that the new invoice financier provided funding levels materially in excess of those provided by the previous lender.
20th February 2017 Small companies throughout London are worried about the prospect of seeing significant rises in business rates increase their overheads.
15th February 2017 The growth of what has become known as the gig economy is costing HMRC in the region of £75 million in lost tax revenues every week, it has been claimed.
14th February 2017 Growth in the UK economy will slow down considerably over the course of this year and next, according to the European Commission.
14th February 2017 The Co-operative Bank has been put up for sale in its entirety four years after it came perilously close to collapse before being acquired by US hedge funds.
9th February 2017 Notably strong consumer spending helped to keep the UK economy on track in recent months despite the ongoing uncertainty surrounding the country’s exit from the European Union.
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