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COVID19: business support available

As at 28 March 2020 There are a number of business support initiatives available in both the UK & Ireland to a variety of business structures. A summary of the main claims are noted below. For full details and help understanding what you can access, please contact us. Grant Funding. A grant of £10,000 will be provided to all small businesses who are eligible for the Small Business Rate Relief Scheme (ie all businesses with a NAV up to £15,000). A grant of £25,000 will be prov

Managing Late Payments to maintain cashflow

When you supply goods and services, you expect to be paid, and promptly, but within the UK there is a deeply embedded culture of late payments. Indeed, for some businesses, delaying payment is an essential part of the business model. Outstanding payments are problematic for various reasons. First, there’s the basic problem of cash flow within the supplying business – electricity bills, rent and other regular outgoings need to be paid regardless. Late payments could affect th