Mar 28

Help with any identified cash flow shortages

Do you as owners have private funds? If so, is it appropriate to introduce these to the business as some or part of the way forward?

Banks

– your bank should be able to provide advice as to what options each provider is making available to customers. It is widely expected that capital repayment holidays will be available to most businesses.

Support from Government

– The Government say ‘There will be £330bn of guarantees – that means any business who needs access to cash to pay their rent, salaries, suppliers, or purchase stock, will be able to access a Government-backed loan, on attractive terms. Finance Minister Rebecca Evans and the Minister for Economy, Ken Skates have announced a new £1.4bn business support package to help businesses across Wales.

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From first going self-employed to starting a limited company, the fantastic accountants at Sage have talked me through the processes and looked after all things accounts-related, leaving me with peace of mind; free to focus on the day-to-day operating of the business. Sage handles everything for me from payroll to tax returns and their service is flawless; when I need something its done; when I need info I get it. All of their staff are friendly, professional, efficient and patient and I couldn’t manage without them.

 

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