With much confusion around the CBILS, we spoke with a trusted contact of ours from one of the leading high street banks to gather their insight and practical pointers. Here’s what we learnt: Lending decisions The starting point for a lender in terms of assessing whether to lend is the long-term viability of the business […]READ MORE »
Gradually, we are seeing further information and guidance being released by Government which is helping to answer our clients’ questions and provide more clarity and certainty around the raft of economic reliefs and financial support made available due to COVID-19. Coronavirus Job Retention Scheme (CJRS) The full details of CJRS can be found here: https://www.gov.uk/guidance/check-if-you-could-be-covered-by-the-coronavirus-job-retention-scheme […]READ MORE »
Cash is king during a global pandemic like COVID-19. Taking the world by complete surprise and having a dramatic impact on many businesses, it has made many owners realise just how important positive cash flow can be and work to find new ways to mitigate risk to their working capital and ensure business continuity. With […]READ MORE »
Emergency Loan Schemes Following on from our ‘Preparing for Business Funding’ update earlier this week, the Chancellor has today announced further assistance to those wishing to seek additional finance under the Government’s Emergency Loan Schemes. Following widespread reporting that the Coronavirus Business Interruption Loan Scheme (CBILS) was proving too onerous and wasn’t reaching SMEs, the Chancellor […]READ MORE »
Small Business Grant Scheme funding We’ve already touched upon the support available for those organisations which pay little to no business rates, and the start of a new month brings with it the arrival of further updates. Local authorities have begun issuing letters to those eligible for funding under the Small Business Grant Scheme, which […]READ MORE »
Preparing for Business Funding Over the last 10 days, Champion has helped a number of clients across the Group prepare funding applications for their businesses, which has spanned overdrafts, invoice discounting facilities, asset finance and term loans. There is a common theme to the type of information that funders are requesting. As a guide, the […]READ MORE »
The Coronavirus outbreak has caused immeasurable disruption in our personal and professional lives, and we want to take an opportunity to encourage all our clients to be extra vigilant about the communications you receive via text, phone call and email during this period. Unfortunately, there are scammers taking advantage of this challenging time, who are […]READ MORE »
Following the raft of economic support measures that were announced last week, we are hoping that the Government will deliver further details this week which will prove vital in how you and your business navigate this difficult time. Self-Employment Income Support Scheme (SEISS) While we await the scheme to get up and running, we want […]READ MORE »
Following on from our earlier email which detailed the latest information on the Coronavirus Job Retention Scheme (CJRS), we have now received further clarity from HMRC regarding the Self-Employment Income Support Scheme (SEISS). SEISS has been designed to support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme […]READ MORE »
In the first of two email communications that we’ll be issuing to you this Friday afternoon – the second of which is due to arrive in your inbox shortly and covers the Self-Employment Income Support Scheme – we examine the latest guidance on the Coronavirus Job Retention Scheme (CJRS). The Government has published further detail […]READ MORE »
With much confusion around the CBILS, we spoke with a trusted contact of ours from one of the leadin...
Gradually, we are seeing further information and guidance being released by Government which is help...
HOW WE HELP YOU Our Management Accounts service can be fully tailored to your nee...
Growing through acquisition is an exciting opportunity for your business, but fear o...
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