How to access the Coronavirus Job Retention Scheme (CJRS)

Posted on: 20 April 2020

Estimated Reading Time: 4:00 minutes ‘Furlough’ entered the popular lexicon following the UK Government’s response to the coronavirus crisis. With the pandemic affecting millions, it is expected that employers’ reliance on the UK Government’s Coronavirus Job Retention Scheme (CJRS) will only become greater as businesses try to deal with the fallout of the virus. In our latest blog, we explore what it means and why the launch of the furlough … Continue reading

CBILS: UK Government-backed initiative to support SMEs during the pandemic

Posted on: 10 April 2020

Estimated reading time 5:00 minutes Small and medium-sized businesses now have access to financial support through the Coronavirus Business Interruption Loan Scheme (CBILS). Launched on 23 March 2020, and expanded on 2 April 2020, the scheme enables businesses to address cash flow issues caused by COVID-19. The initiative is a central component in a broader package of government support for UK businesses and employees. Introduced on 23 March 2020, and … Continue reading

Coronavirus: How to manage cash flow and working capital

Posted on: 01 April 2020

Estimated reading time 6:00 minutes Coronavirus (COVID-19) has affected millions of people around the world. The increased prevalence of this ‘black swan’ event has been matched by a rapid transition away from office-based work, to self-isolation and home-based work activities. With the outbreak declared a ‘global pandemic’ and no apparent end in sight, we reveal what founders of entrepreneurial technology businesses are doing to safeguard their cash flow, working capital … Continue reading

Sunak splashes the cash, but slashes Entrepreneurs’ Relief in Budget 2020

Posted on: 14 March 2020

Estimated Reading Time 6:00 minutes Chancellor Rishi Sunak unveiled the Government’s first Budget on Wednesday (11 March) in the House of Commons. Among the expansionary fiscal plans, the chancellor allocated billions to combat the economic disruption caused by COVID-19 with investments in public services, promised significant investments in infrastructure and made headline-grabbing R&D and business rates relief commitments. However, whilst we welcome the measures to protect the economy in the … Continue reading

How an interim finance director can help recruit a permanent finance director

Posted on: 12 March 2020

Estimated reading time: 6:00 minutes Hiring a finance director is a significant investment for a business, and the often-exhausting process usually comes at the most inopportune moment.  Our advice is to appoint an interim finance director to support the business through the transition and enable the CEO to focus on making the correct long-term appointment. In our latest blog, we introduce the role the interim finance director can play in … Continue reading

Overdue Accounts? Struggling to get your statutory accounts filed on time?

Posted on: 12 March 2020

Estimated reading time: 4.5 minutes Overdue accounts can be symptomatic of systemic issues within an entrepreneurial business. Many entrepreneurs do not have access to an experienced finance team and sometimes struggle to file statutory accounts at Companies House and tax returns at HMRC. How do early-stage and growing companies access help to avoid the potentially serious consequences of late filing? Overdue accounts can be the Achilles heel for early-stage and … Continue reading

How to value your technology business

Posted on: 04 March 2020

When we first start the process of preparing a client’s business for sale, the first question is usually “How much is my business worth?” followed quickly by “How can I increase its value?” The difficulty, in answering these questions, is that valuing a business is to a degree, more an art than a science and the answer is actually, ”it depends”. Ultimately, and it may sound cliché, but a business … Continue reading

Entrepreneurs’ Relief is vital for a successful entrepreneurial economy

Posted on: 03 March 2020

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

The role of an M&A Adviser

Posted on: 01 March 2020

Understanding the steps of selling a business is relatively straightforward, but knowing how to increase the value of, and effectively market a business is something completely different. An M&A adviser’s role effectively encompasses three things: Marketing your business to several potential, interested buyers, and Negotiating the sale on your behalf alongside other advisers, such as lawyers, and Achieving the very best possible outcome for you, the seller, in terms of … Continue reading

Are you thinking of an Exit in 2020? Why you need a Data Room NOW!

Posted on: 11 February 2020

Today’s Data Room is traditionally now a virtual room and not a physical one; it is a cloud-based repository for confidentially storing, organising and distributing key information and documents. Having a Data Room can significantly enhance the due diligence process in an M&A transaction.  Not only does it enable the selling company to share documents with potential buyers located anywhere in the world in a controlled and secure manner; it … Continue reading