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.
29th March 2017 Leaders from across the UK’s food industry have outlined some of their concerns about the potential damage that a bad Brexit deal might do to their operations in the coming years.
23rd March 2017 The incoming changes to the business rates regime in the UK are already taking their toll on small businesses throughout the country.
22nd March 2017 Companies within the UK’s construction industry could lose as much as 8 per cent of their workforces on average as a result of Britain’s departure from the European Union (EU).
10th March 2017 The tax burdens faced by pubs throughout the UK are threatening the survival of the entire industry, according to the boss of one of the largest pub chains in the country.
8th March 2017 The Chancellor has announced his 2017 Spring Budget featuring some changes which will affect businesses up and down the country. Find out more about what Phillip Hammond unveiled today.
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