View Is the Skills Gap Leaving a Hole in Your Finances?

Is the Skills Gap Leaving a Hole in Your Finances?

  This year seems to be the year of shortages – petrol, food, toys– when will it end? But it’s the skills shortage that has been front of mind in many UK and Irish businesses since long before the pandemic – and finance is a key area of concern in this respect. As far back…

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View Press Release- 20th September

Press Release- 20th September

EFM Network is pleased to announce that it has made further investment to its core operations, most notably marketing operations, to support its growing international network of associates and to extoll the benefits of outsourced financial direction for small to medium businesses. EFM is an international team of Finance Directors, Business Advisors and Financial Controllers,…

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View Guest Blog from Quantuma – The return of the hospitality and leisure sector

Guest Blog from Quantuma – The return of the hospitality and leisure sector

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…

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View The EFM approach to supporting businesses through difficult times

The EFM approach to supporting businesses through difficult times

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…

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View When Should Your Start-up Hire a Financial Controller?

When Should Your Start-up Hire a Financial Controller?

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…

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View Guest Blog from Purbeck Insurance – Personal Guarantees required under the COVID Recovery Loan Scheme

Guest Blog from Purbeck Insurance – Personal Guarantees required under the COVID Recovery Loan Scheme

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…

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View EFM FC, Tracy Lewis, receives glowing testimonial from consulting client

EFM FC, Tracy Lewis, receives glowing testimonial from consulting client

Many congratulations to our EFM Associate Financial Controller, Tracy Lewis, on your recent client feedback. About Tracy… A qualified Accountant and a Financial Controller with over 20 years experience in the Banking, Insurance, Health, Retail, Technology and Education sectors. Tracy specialises in the provision of internal accounting services. Working with SMEs, Tracy has been actively…

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View Associate Guest Blog – Setting up an International Entity

Associate Guest Blog – Setting up an International Entity

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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