A study conducted by Mazars over the last four years across 72000 businesses in the EU has found that on average businesses only have 2.5 days worth of cash to fund daily operations. A slowdown in trade could put these businesses in danger of failure, or generate an immediate requirement for short-term cash.
Liquidity Club can help SMEs to find a suitable solution to cashflow shortfalls, with extensive expertise in debt funding.
The Department for International trade has secured a partnership with 5 retail banks via its division UK Export Finance (UKEF) to give SMEs greater access to trade finance. The government have stated that finance of up to £2m will be available, and businesses can access the funding through their existing bank, in a matter of seconds.
According to a survey conducted by Hitachi Capital Business Finance, nearly 40% of SMEs expect either modest or significant growth in the coming 6 months, up from less than a third earlier in the year. It also represents a small increase in confidence on Q3 2016.
Research conducted by tax firm Catax has found that 57% of SMEs in the South-West of the UK are unaware of potential tax reliefs in the form of capital allowances. These tax reliefs can be complex but are a major source of cash for businesses and reduce erosion of profits.
Liquidity Club, as a division of Finance 4 Business has access to a specialist tax consultant, who can assist businesses in fully utilising tax reliefs including capital allowances, R&D and stamp duty. Contact us today to arrange a consultation at no cost.
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