In the current climate, many businesses, especially small businesses, have found themselves in need of short-term loans to cover expenses such as higher-tax bills, maintenance, buying crucial equipment. At the same time, businesses that are flourishing in the short-term may now be focused on medium to long term investment such as remodeling, expanding, investing in inventorying, or hiring new employees. – Scott Donnelly, Director of Board at CapitalBox explains what you need to know to secure a business loan. To secure a loan, there are a few requirements to tick off the checklist. For those businesses that are just starting off, going…
Author: sme-admin
Founded in 2015, N&T Civils Ltd carry out high-quality groundworks and civils work across County Durham, Teesside and the North East, and the company has more than 20 years’ experience in the trade. N&T Civils Ltd qualified for R&D tax credits for their work on large-scale jobs that required innovative solutions and problem-solving to overcome the issues faced by the team. Within this sector, it is essential to effectively develop solutions as large projects cannot be halted for long periods of time due to cost loss and wastage reasons. An example of a qualifying project was when the business was contracted to work on the build of a fire station and fit suitable drainage…
Dealing with the challenges of the pandemic has been incredibly difficult for businesses across the board. A combination of lockdown restrictions and many businesses having to temporarily close their doors has meant that some companies have taken the option of new finance in order to better manage their cashflow. At Barclays alone, over 350,000 businesses were supported with access to more than £29b worth of funding through the government lending schemes during the height of the pandemic. While taking on new finance may not be a new experience for larger organisations, for some SMEs, this may be the first time…
Following the Government’s recent easing of lockdown restrictions, Cotswold Wildlife Park is reopening it’s doors. ADVANCE E-TICKETS UPDATE: Save money by purchasing your entrance ticket online before your visit. Available dates shown in green. Click here to buy your E-tickets. Please note: During the Summer holidays tickets are likely to sell out, therefore entry can not be guaranteed unless you buy E-Tickets online before your visit (subject to availability). For all other ticket options (including day tickets and season tickets), please click here. Season ticket holders and complimentary tickets have been accounted for and there is no need to pre-book. In line…
Jayna Patel (a member of the Professional Negligence Lawyers Association) offers some guidance on the possible options available to SMEs where there has been a failure to complete the purchase of residential property before the expiry of the recent Stamp Duty holiday. It is first worth checking that the solicitors have not sought to impose an exclusion of liability clause. Due to the unprecedented work levels caused by the Stamp Duty holiday many firms informed clients that whilst they would work towards beating the Stamp Duty deadline, they would not be held liable in the event that this was not…
During the pandemic, virtual events have given everyone a chance to socialise with loved ones during difficult times. It has also helped work events continue in a new dynamic, with many employees favouring the virtual experience over in-person events. But now, there is a strong desire to return to physical events. However, hybrid events are a mix of both, a combination of virtual and in-person attendance in one. They are set to take the lead in many sectors and create wider scale opportunities for event marketing teams. Hybrid events allow you to reach a large-scale audience and provide you with…
Santander UK has begun the roll-out of an innovative new mobile app, built using open banking technology, for its Corporate and Commercial Banking clients. The app provides Santander UK’s clients with a ‘single view’ of numerous account balances and transactions across their different banks. Created by tomato pay1, an open banking fintech for small and medium-sized enterprises (SMEs), the CashFlow Manager app is also designed to speed up payments through QR codes and simplify invoicing. CashFlow Manager displays in one neat location all balances and transactions for accounts businesses hold with their various banks. Santander UK’s clients who use the app…
The Knowledge Transfer Partnership (KTP) Awards are to be held online on 23rd September 2021. The awards celebrate the best of KTP’s three-way partnerships between business, academic/research teams and qualified graduates, designed to drive innovation for UK business and organisations. Among the finalists is St David’s Children’s Society with Cardiff University Business School who have together created a best practice model for the recruitment, preparation and support of adoptive parents. This has already led to the adoption of 23 children. Also in contention is SureScreen Diagnostics and their potentially life-saving diagnostic device. Developed in partnership with the University of Nottingham…
One-in-five (20%) UK workers now have their work instant messaging app on their personal mobile phone, according to new research from by B2B furniture ecommerce site Furniture At Work. The research, which asked 1,015 UK workers about their routine and habits during the working day, sought to uncover how attitudes to work had changed since the pandemic began, including the times when most workers are likely to take breaks and the measures they use to ensure their employer knows they’re working. Since workers started working out of sight from their employers, 51% said they started replying to messages faster to remind colleagues they’re working,…
A six-figure commercial mortgage from Allica Bank has supported the UK’s leading vehicle importing company in acquiring a new £900,000 operating site to satisfy the increasing demand for its services. Leicestershire-based My Car Import, which handles every stage of the registration and import process, wherever a vehicle is in the world, was previously operating out of three rented properties. Having grown by 70% in 2020, the company looked to acquire its own premises, and in particular a half-acre site with space for more than 300 cars, as well as an office and workshop facilities. The deal was brokered by 2XL Commercial Finance, the commercial funding firm specialising in business and property finance.…