Are your business debts serviceable?

Are your business debts serviceable?

At the weekend the FT quoted a Bank of England study that “a third of the UK’s small businesses are classed as highly indebted” It should come as no surprise that the emergency loan schemes provided during lockdown have increased debt levels across the business...
Make sure your advisor has relevant experience

Make sure your advisor has relevant experience

I often spend my time with decision makers to find the acceptable space between lender and client – enabling agreement to be reached and a deal to be done. Understanding the pressures and requirements of both sides allows me to position and persuade parties to...
Late review – the Recovery Loan Scheme

Late review – the Recovery Loan Scheme

Late review – the Recovery Loan Scheme 4 Stars **** I’m sure we are all familiar with Bounce Back Loans and the larger CBILS scheme – as someone recently said to me… ‘that is so last year’….and we now have the new scheme called the Recovery Loan Scheme (RLS). This was...
Who is managing your money?

Who is managing your money?

My latest client said: “I don’t know who looks after my account at the Bank” What a sad reflection on banking in 2021 – but (full disclosure) I heard this many times when I was responsible as a senior executive for High Street banks. The comment is often...
Looking beyond the headlines…

Looking beyond the headlines…

When I was speaking with lenders about financing a pub company during lockdown, it was difficult to get past the fact that at the time the pubs were shut. It reminded me of a different situation about how can we look beyond the headline and exercise good judgement?...