Finance News

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Working Capital Finance in the UK - Powering Your Business Cash Flow

Working capital is the money your business has readily available to manage everyday expenses. It covers wages, rent, stock purchases, utilities, and marketing, the essentials that keep your operations running. It’s essentially the difference between your current assets (like cash and invoices owed to you) and your current liabilities (such as bills and supplier payments). … Read more

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When trying to find out the best way to fund your businesses expansion it can be difficult to work out the best way to get funding, often articles and reports can be contradictory and confusing. Even though headlines are saying that more money is being offered to SMEs through traditional banks, it can still be difficult to get quick and reasonable funding options.
Keeping ahead of your competition often means responding quickly to customer changes and making sure you have the most up-to-date equipment or changing your business décor. A quicker, simpler and more personal experience can be had from choosing a leasing option with Johnson Reed.

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According to the FSB Small Business Index (Q3 of 2017), there was a sharp decline in successful credit applications, with only 63% securing external finance. However, the report found that only 12% of businesses surveyed applied at all, suggesting a significant proportion of SMEs are staying away from external finance altogether. A lack of cash flow within the small business community results in less investment in growth, fewer job opportunities and fewer businesses making the transition from small to medium-sized. So why are small businesses so wary of using external funds to support their development?

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Tax bills can be a pain at the best of times, but they’re especially frustrating if they’ve made an unpleasant last-minute reappearance on your desk! If the faff of filing your return wasn’t enough, the payment of the bill can be incredibly prohibitive to your cash flow.

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We can provide your business with an unsecured loan for any purpose. Whether you’re looking for a short term VAT or Corporation Tax Loan, or a longer-term cash injection for your business, we have a solution that doesn’t affect your banking facilities and helps you keep your cash during these challenging times. What’s more, the funds can be available to you in just 24 hours.

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And so it goes – after 43 years, Britain will be leaving the European Union, and after six years in the top spot, David Cameron will step down as Prime Minister. Whilst some are pleased with the result and feeling optimistic about the future, others are as disgruntled as the MEPS in European Parliament yesterday after Nigel Farage told them, “virtually none of you have ever done a proper job in your lives.”
If you’re feeling overwhelmed by the abundance of fact and opinion flying around, you’re not alone. But what we’re struggling to gauge is – what happens now?

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Happy #NationalFishandChipDay from all of us at Johnson Reed!
Join us in celebrating one of our most popular specialist sectors! After 20 years facilitating finance in the fish and chip shop industry, hundreds of thousands of pounds worth of equipment leased and hundreds of happy customers, we thought we’d celebrate with key players in the industry and take a day to appreciate the nation’s favourite dish.

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Good morning, and welcome to the first of a new series of summaries written by the Johnson Reed staff focused on providing a summary and key news on the leasing finance industry in the UK. We’ll be publishing these on a (currently) ad-hoc basis when we have substantially interesting news to provide to our readers about the state of leasing, new innovations and regulations, and any finance news which affects the majority of our customers.

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The Recent release of the Chancellor’s budget for 2016 has us thinking about the impact on small businesses for the coming year. With features such as Business rates, Corporation tax, Capital Gains Tax, Fuel Duty, and Stamp Duty, this no doubt is going to interest and engage the future of small business.
The change to business rates will increase the threshold for claiming small business relief from £6,000 to £15,000 from April 2017. This would indicate that an estimated 600,000 small firms would not have to pay business rate, and then that a further 25,000 will only need to pay reduced rates as of April 2017. Along with the main rate of Corporation tax being reduced to 17% from the current 20% as of 1 April 2020, this is surely good news for SMEs.

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Last week saw the annual Finance & Leasing Association’s Dinner hosted at Grosvenor House, and hosted by guests John Hymphrys and Gabby Logan.
The annual dinner is always a favourite of the finance and leasing industries, and gathers together members and non-members to celebrate the industry’s progress and successes from the year. There were over 100 companies represented, and guest speakers Robert Peston and Adam Hills kept the group informed and entertained!