Cash is King - how to effectively manage working capital in a business

Direct Business Lenders

“Cash is king” is a phrase often used to underline the importance of effective working capital management in a business. In an uncertain economic climate companies experience consistent financial pressure, so cash flow management is more relevant than ever. Let’s face it — without the right amount of cash, your business will inevitably run into distress, and, if not corrected, into failure.

According to the accountants, PWC, in their 2015 Annual Global Working Capital Survey “Bridging the Gap”, the cash opportunity from improving working capital to UK industrial manufactu...

Read more »

Just Cash Flow PLC Launches Borrower Facing App

Direct Business Lenders
Sponsored Article

Small business lending platform Just Cash Flow PLC is claiming to have become the first European alternative lender to launch a mobile app that allows customers to manage their money on the move.

The app will allow small business owners to manage their Just Cash Flow funding facilities from wherever they are, at the touch of a button. The app will allow borrowers to check up on their account balances, to securely draw funds, to make repayments, to check transaction history and to contact the platform's customer services team.

Just Cash Flow is clearly making a conscious effort to enhance the accessibility of the platform. In Novemb...

Read more »

5 Signs Your Business Needs a Loan to Grow

Direct Business Lenders

Ambitious to grow your business? A speedy injection of capital can be just the push you need to capitalise on a new opportunity or make sure your business idea delivers on its potential…

As every owner or manager knows, running a small business means wearing several different hats – sometimes all at once. From finance to sales to production to HR, the buck stops with you.

But to grow your business to its full potential, you need to ensure that no key area is getting left behind. That’s where some additional funding can make all the difference, helping you to expand your resources, improve your processes or just make yourself heard in a cr...

Read more »

​Radii Skatepark Repairs Ltd

Direct Business Lenders

Radii Skatepark Repairs Ltd is run by lifetime BMX rider Rob Steele. Semi-professional in the early 80s, Rob took a 10 year break from riding and began building ramps with a friend. After a brief flirtation with commercial construction and fuelled by his recent return to riding, Rob spotted a gap in the market for skatepark repairs and took the opportunity to return to an industry that he was passionate about. He founded Radii Skatepark Repairs in 2011 because, in his words: “the industry needs a repairer with a conscience – that’s me. Rider first, ramp builder second.”

As a lifelong expert in the field, Rob was aware there were very few companies around who were repairing ramps for re...

Read more »

Rushforth Media

Direct Business Lenders

Founded in 2010, Rushforth Media is a fast growing media business, producing audio, video and television content for clients in the UK and USA. With a turnover approaching £2million, Rushforth Media is the UK’s biggest producer of audiobooks, with customers including publishers, consumer brands, rights owners and literary estates. Simon founded the company in 2010 after a successful career in law and media and now employs 15 people. The company was initially funded through the sale of a previous business. Simon started with just £10,000 of initial capital, made £600,000 turnover in year one, £1.2m in year two and has never looked back.

Rushforth Media is a self-funded business, in good financial shape with regular, fixed...

Read more »

Merritt Decorators Ltd

Direct Business Lenders

Family run business, Merritt Decorators Ltd. is based in the South East of England, and has a range of customers including Specsavers, Taylor Wimpey, Persimmon Homes, Charles Church and Rollalong (working on Army Barracks and RAF Camps). This is in addition to many other building contracts both nationally and within the local area. Steve Merritt founded the company in 2003 and runs it with his son James.

Covering the whole of the South of England means that Steve spends the majority of his time travelling. When he does get to spend time in the office there is little time for form-filling. As is common for many businesses within the industry, cash flow sometimes becomes an issue when unforeseen costs are...

Read more »

The Credit4 Financial Kit Bag: Part 3

Direct Business Lenders

Last month we brought you the second installment of Credit4’s Financial Kit Bag. For the third part Credit4 are looking into how to create a perfect business plan. This leads on from Cashflow Forecasts and Management Accounts.

Business Plan

Business plans are used by most businesses regardless of size and how long they’ve been established. For young businesses, however, the time, energy and money that it takes to produce the right business plan will be worth all the effort in the end.

What may seem a chore to would-be borrowers – when all they want to do is get on with implementing their great business idea – is regarded by most serious investors...

Read more »

Garment Quarter

Direct Business Lenders

Growth Street helped Garment Quarter invest in stock and inventory to support their growth both online and offline.

Who are Garment Quarter?

Garment Quarter was founded in 2010 by John Reid, a former buyer for a successful Vivienne Westwood franchisee; and Peter Lake, a former IT consultant. Having recognised the strong potential within online retail the initial aim was to establish a multi-brand fashion business and Bristol was chosen as the base and location for the first store.

Their youthful yet inclusive approach to luxury fashion has seen them operate franchise stores for both Vivienne Westwood and Unconditional in addition to their own multi-brand, multi-channel store.

What was their challenge...

Read more »

Lunchtime Company

Direct Business Lenders

Growth Street acted quickly to support Lunchtime's seasonal cashflow as their business grew.

Who are Lunchtime Company?

Lunchtime Company was incorporated in 1997. In 2010 they pulled out of contract catering for university departments and businesses, reverting to schools-only catering. They decided in 2013 to concentrate purely on primary schools and now operates 37 schools in South East England with an expected turnover of £4.5 million for this current year.

Their purpose is to use their skills and talents to provide the next generation with a love for a diverse range of food and an appreciation for the great joy that can be gained from eating together with friends, family and colleagues. They spec...

Read more »

Squint

Direct Business Lenders

Growth Street enabled Squint to reach new markets and customers with their bespoke, hand-crafted products.

Who are Squint?

Squint is a British luxury design house. It was founded in 2005 by Lisa Whatmough with only a credit card and a vision for the future. Coming from an art background she felt divorced from her audience by the gallery system. Her motivation comes from creating products she loves and that she is proud of putting into the world. Her goal when starting her business was to grow her own brand and company, while maintaining the feel of a small business.

They started with a small space in Shoreditch and have now grown to serving international markets. With Lisa leading the way Squint is an ambitious and developing business, c...

Read more »

Mark Johnson Joins Credit4 as Chief Operating Officer

Direct Business Lenders

By Credit4

I think it’s beyond dispute that the last three decades have ranked among the most challenging years ever for business lending. During this period, which encompasses my career, the industry has been forced to adapt to the radical changes in the financial landscape brought about by the banking crisis and the new laws and regulations that have followed in its wake.

My first exposure to so-called ‘Alternative Finance’ was at Commercial First Mortgages, a company that offered mortgages to SMEs which found it difficult to secure High Street funding (even in the good times) because they did not fit th...

Read more »

Just Cash Flow Rolls Out Card Solution

Direct Business Lenders

By AltFi.com – for the original article, click here

Somewhat inevitably, card products have arrived in the UK’s online lending space.

Just Cash Flow PLC, an alternative lender that provides credit facilities to small businesses, becomes – to our knowledge – the first European platform to offer customers a card-based solution. The “BusinessPlus MasterCard” will allow small businesses to access credit lines of up to £10,000 in amount – with a flexible repayment structure attached.

No interest will be charged on the facility until funds are drawn down. The drawing down of funds entails loading money onto the newly unveiled BusinessPlus card. Once dr...

Read more »

B&K Beauty Boutique

Direct Business Lenders

When Yuliya’s business was growing fast and she needed a larger premises to meet demand, iwoca helped her to cover the moving costs.

B&K Beauty Boutique is a luxury salon located on a leafy suburban street in St John’s Wood, North London. It’s an obviously popular spot with a loyal following – the light and airy establishment is often packed with customers receiving a large range of beauty treatments. It offers the latest state-of-the-art procedures and has a charming garden area which clients can enjoy in the summer months.

Yuliya Price took ownership of B&K in 2012. The salon was previously based in a cramped shop in Marylebone, where she had been working as the manager for a number of years. Aft...

Read more »

The Vehicle Finance Network

Direct Business Lenders

The Vehicle Finance Network (VFN) is the brainchild of Chris Nickson, an experienced operator in the car finance industry. Chris founded the company after noticing that people were finding it increasingly difficult to obtain credit for a new car, despite the vehicle being available as security. The VFN is dedicated to matching customers with the right finance company for their needs.

Chris aims to give every customer a truly personal service, and unlike other providers, doesn’t have a restrictive ‘stock list’ of cars from which they have to choose. Chris now has five employees working from his Merseyside office and has been very happy with the company’s first year growth.

In order to...

Read more »

Growth Street Goes Live

Direct Business Lenders

Growth Street has officially launched its small business overdraft offering.

For the avoidance of confusion, Growth Street has been operating in a “proof of concept phase” for the past year – during which time the focus has been on testing the platform with a limited number of customers. Over the past 12 months of trialing, the company's customer base has reportedly managed to triple its turnover, and the platform is now ready to open up to the masses.

Growth Street operates as a direct lender, rather than as a peer-to-peer lender. The platform offers flexible overdrafts of up to £150k to small businesses. The platform places a firm emphasis on cutting-edge technology. It uses cloud-based softwa...

Read more »

YesGrowth SME Options Infographic

Direct Business Lenders

YesGrowth has released a new infographic explaining the different routes available to start-ups and small businesses to access finance:

Read more »

Credit4 Reveal New Product Aimed at Small Businesses

Direct Business Lenders

Small business lender Credit4 has today announced that it is launching a new product.

The ‘Dual Growth Funding (DGF)’ facility will allow customers that require a traditional term loan to sit alongside a more flexible credit facility.

The new product will allow borrowers to get loans worth £50,000 to £100,000 for between 12 and 24 months. As with the existing Flexible Facility, the DGF is not secured on the business, but requires supporting personal guarantees from all the directors/principals of the borrowing business.

Commenting on the new facility, Credit4’s Chief Executive Gary Trott said:

“The ...

Read more »

Why the UK deserves to be a Market Leader in Fintech

Direct Business Lenders

By Sarah El Mrabet, Credit4

One of the main challenges for innovative start-ups can be regulation. Whenever there is a genuinely new idea, it is often the case that it comes up against a legal obstacle or uncertainty concerning the legal feasibility of the business model.

We’ve seen how start-ups have struggled to transform their business plan into a legal entity. For example, Uber, the popular taxi App, has been sued in many countries where it has sought to operate. Even prior to Uber, Airbnb had encountered similar problems.

Legal barriers can be even more problematic in the financial sector where regul...

Read more »

The Credit4 Financial Kitbag: Part 2

Direct Business Lenders

Last week we brought you the first installment of Credit4’s Financial Kit Bag and today we have the second part…

Management Accounts.

In the second in our series of articles highlighting the essential information SMEs should have ready in their financial ‘kitbag’ when raising finance, we look at the Management Accounts, regarded by many as a key element of a company’s management information.

For a significant proportion of smaller businesses, producing the ‘Accounts’ may appear to be a purely administrative exercise undertaken by their accountants a number of months after their financial year end. Whilst the filing of a company’s annual finan...

Read more »

The Credit4 Financial Kit Bag: Part I

Direct Business Lenders

Cashflow forecasts

The alternatives for UK SMEs seeking finance seem to grow almost daily as more and more non-bank lenders enter the arena to secure market share. Some are offering genuinely innovative products, others not so, but what’s for sure is that SMEs have more choice now than ever before.

Many of the smaller companies however are finding it as difficult as ever to source the appropriate finance they need. One answer to the conundrum may be that, even in the dramatically changing world of finance, some key disciplines and criteria remain constant and SMEs often enter the market inadequately prepared.

Irrespective of who is offering the pr...

Read more »