How to benefit from an EMI share scheme

In our latest blog, we explore EMI share schemes and explain how early-stage and growing businesses can benefit from this type of tax-advantaged employee share scheme. Estimated reading time 2:30 minutes Attracting, recruiting, motivating, and retaining employees through an EMI share scheme An EMI share scheme is the most tax-efficient and flexible HMRC-approved share option scheme. It allows companies to grant options to selected employees to buy shares at a … Continue reading

Succession planning: what is next for your business?

Succession planning is an important step to take to ensure the leadership continuity of a business. A time will come when a founder of a privately-owned company reaches a crossroads in their career and faces several difficult decisions about their future. Whether a founder continues to lead the business, sells the business, or retires, appoints a management team, and retains a chairperson position on the board, depends on their aims … Continue reading

Summer Economic Update: Chancellor reveals plans to support UK recovery

In his Summer Economic Update Chancellor of the Exchequer Rishi Sunak today (8 July 2020) unveiled a ‘Plan for Jobs’ worth up to £30 billion to support the UK’s recovery from the Coronavirus outbreak. In his address in the Commons, the Chancellor delivered a much-anticipated statement on the Government’s plan for entering the second phase of the recovery. In our latest blog, we outline some of the notable changes to … Continue reading

UK Government extends Bounce Back Loan scheme application deadline

Yesterday (17 December), Chancellor of the Exchequer Rishi Sunak announced the extension of the 100% state-backed Bounce Back Loan scheme application deadline to support small businesses through the coronavirus outbreak. In this blog, we explore the policy, new application deadline of 30 March 2021, what it means for small businesses and how to access the funds.   Estimated reading time 2:00 minutes Updated: 17 December 2020 The Bounce Back Loan scheme … Continue reading

CBILS: UK Government-backed initiative extended until 30 March 2021

Estimated reading time 3:00 minutes Small and medium-sized businesses now have access to financial support through the Coronavirus Business Interruption Loan Scheme (CBILS) until 30 March 2021. Launched on 23 March 2020, expanded on 2 April 2020 and extended on 2 November 2020 and again on 17 December, the scheme enables businesses to address cash flow issues caused by COVID-19. The initiative is a central component in a broader package … Continue reading

Entrepreneurs’ Relief is vital for a successful entrepreneurial economy

Estimated Reading Time: 4:00 minutes Since the introduction of Entrepreneurs’ Relief in 2008 and its subsequent expansion after 2010, many entrepreneurs have benefitted from the tax break and created new businesses and reinvested profits from previous enterprises as a result of the scheme.    Further developments over the weekend indicate Entrepreneurs’ Relief will be modified or scrapped entirely in Chancellor of the Exchequer Rishi Sunak’s first Budget next week. We … Continue reading

Need Help Managing Cash Flow? Why Use Invoice Financing

Managing Cash flow is often easier said than done Managing cash flow during the early-revenue generating years is often easier said than done, and poor cash flow management can quickly bring a business to its knees – even a profitable one! This is especially so in the challenging times we face right now with Brexit and COVID-19. Related article | Coronavirus how to manage cash flow and working capital Increasingly our … Continue reading

Transform your technology business with growth funding

There’s plenty of growth funding available, particularly for SaaS, FinTech, AI, IoT and Biotec companies, but is your business able to take advantage of this type of funding and if so, what do you need to do to secure it? What is growth funding? Growth funding (also known as growth capital) is a type of investment by either a Family Office (high net worth individuals) or Private Equity firm in return … Continue reading

How to scale a small business into a larger business

In my discussions with our clients, I often use a boat as an analogy for a company.  Scaling a small business is a journey.  Much depends on the team within the boat and success is a destination that not every boat reaches. In my analogy, I equate the difference between small companies that stay small and those that go on to become much larger as the difference between a rowing … Continue reading

Is it possible to revitalise a tired venture capital backed business?

Being a venture capitalist must be one of the toughest jobs going – they are as popular as a traffic warden who used to be an investment banker. Their odds of success are no more than one or two projects in ten. Although they perform as much due diligence as they can, they are still reliant upon the representations that the management team make. If they succeed no one likes them, if they fail they deserved … Continue reading