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More and more SME’s choosing asset finance over traditional bank funding – here’s why. Figures released by the Finance & Leasing Association (FLA) have shown a 13% growth in total asset finance new business (leasing and hire purchase) in comparison to same month in 2022 (May). The UK’s asset finance industry has displayed resolve, a … Read more
Yes, you’ve read that right. Although, we’re getting to the point where it doesn’t seem too farfetched to believe that robots could soon become the norm in various industries, and for hospitality and catering, the wheels are being set in motion with some really exciting technology. How would you feel about being served by a … Read more
Gym owners, now is the perfect time to invest in your business. Why? We’re here to provide an insight into the latest fitness consumer trends to prove it. The latest consumer trends and statistics may show you why now is the perfect time to invest in your business. 59% of people in the UK are … Read more
A lot of recent research is suggesting that SME’s will be crucial in Britain’s recovery from the Covid-19 pandemic, however, will the small businesses be given the funding they need to help heave the country out of the economic black hole?
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?
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.
On the 8th July, Chancellor George Osborne gave his 7th budget, and his first as part of the majority Conservative government.
In this budget we saw a large number of shakeups, not least in the economy and business portions, as well as in personal tax & pay, and the ongoing battle with our national deficit.
We all know a business needs to make sales to survive; securing a client purchase is key. You can offer them discounts, extra help, free fitting or specific knowledge on the subject but if the buyers cash flow isn’t there you will run into issues.
But don’t worry, that’s where Johnson Reed can help you. Vendors who use financing as a tool can not only successfully gain a sale, but it can increase the amount of equipment purchased and even lead to repeat sales.
When you start down the road of looking for business finance, it can be a daunting task. The finance industry is full of options and avenues of gaining capital, and often the choices are very complicated.
That is one of the reasons why we set up as a dedicated equipment leasing provider 15 years ago. We know and understand the power of leasing as a finance option, and since we started we have helped over 8,000 companies benefit from leasing their equipment, rather than outright purchase or other forms of finance.
In a further attempt to help boost the trading environment still being experienced by beleaguered small companies in the UK, the European Investment Fund (EIF), the SME credit provider established by the European Union, has issued a new fact sheet in conjunction with Leaseurope. It explains how lessors can use the EIF organisation to channel … Read more