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?

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.

There are several different methods to consider when making a business investment or purchase, all of which, of course, have their own pros and cons. Whether you’re at the start-up stages or a growing SME, it’s important to weigh up the different options available to you, and carefully consider your business’ financial position before deciding upon the best course of action.

At Johnson Reed, we’re certainly not heading for a triple-dip recession. We’ve come through all the turmoil of 2012 and burst into another new year with our heads held high. And there’s one very clear reason why. We’re quick. And banks aren’t. Many of the clients we have been helping out recently should have been … Read more

At Johnson Reed, we pride ourselves on the speed with which we can come to a decision to lend to our clients. In fact, because we realise that commercial requirements are often needed in a hurry, we’ve gained quite a reputation for stepping in when high street banks have simply been too slow in casting … Read more