Many congratulations to our EFM Associate Finance Director, Tony Williams, on your recent client feedback. “It has to be said that not all heroes wear capes. For me Tony is approachable and has the ability to convey the information in layman’s terms. I think the key thing with Tony is that he puts things into…
The UK’s hospitality and leisure sector has been severely damaged by the pandemic in a number of ways, including the ‘stop-start’ nature of lockdowns. There may be a high level of pent-up demand for restaurants, bars and hotels once ‘normality’ returns. But will our old favourites still be there? Managing Director, Graham Randall, one of…
Due to the current climate, business owners across the UK and Ireland, are likely to have had to make staff cuts including reducing finance team headcount in order to keep their businesses afloat. When you’re trying to save every ounce of cash in the business, and business volumes are under pressure, aligning people resource to the new activity level and transferring fixed costs into variable costs will help you to…
Every business decision made has a financial impact on your company. Whilst things like tracking revenue, staying on top of accounts payable and receivables, and administering payroll are essential to your business, non-financial transactions will undoubtedly also have an impact. While it may have been easy for the business owner to manage these various tasks when they were first starting out, it becomes increasingly…
Does your start-up need an injection of capital to get off the ground? Are you looking to move to the next stage of business growth? If the answer to either of these questions is yes, then are you ready to take the plunge into the world of fundraising? Stage one is to prepare a sound…
An increasing number of SMEs are able to grow whilst keeping a careful eye on overheads by using the flexibility and agility of insourcing key functions such as financial management. Routine finance and accounting services such as payroll and bookkeeping are regularly outsourced, but increasingly the more commercial areas of financial management, such as the…
Purbeck Personal Guarantee Insurance, provider of the UK’s only Personal Guarantee Insurance to SME business owners and directors has welcomed the new Government backed Recovery Loan Scheme launching in April 2021[i] but fears many small business owners will agree to providing a Personal Guarantee for loans over £250,000, without fully understanding the risks and how…
Many congratulations to our EFM Associate Financial Controller, Tracy Lewis, on your recent client feedback. “Tracy has been an absolute asset to me. It’s a complete service when it comes to her support. Tracy takes the time to understand your business and understand you as a person. Her budget friendly teachings makes me feel more…
For any company contemplating expanding into a new market, the advantages and disadvantages of setting up a branch or foreign subsidiary will depend on the business opportunities, as well as the cultural and regulatory climate of the specific country. There are challenges associated with overseas expansion, and while some business issues are universal, such as…
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