NEWS

Snowball Advisory Website

SNOWBALL ADVISORY LAUNCH

Oct 30, 2020

We are excited to announce the launch of our new dedicated Snowball Advisory business, which sits within our Snowball Group of businesses. Through Snowball Advisory we utilise our passion, expertise and experience to provide businesses with the best advice for their strategic, funding and growth needs. We offer a truly…

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Excel Icon

MORE SPREADSHEET WOES

Oct 29, 2020

I’ve previously warned of the dangers of spreadsheets and formulas and assumptions and how small errors can make a big difference. There have been some high profile and expensive mistakes using spreadsheets. JP Morgan Chase had in one case accidentally added two cells in a spreadsheet instead of averaging them…

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signing a lease agreement document

PANDEMIC CLAUSES

Oct 29, 2020

Many retailers looking to take on new leases are insisting on the inclusion of so called ‘Pandemic Clauses’ to protect them into the future. The clause automatically reduces rent payments where the shop is forced to close in a lockdown scenario. Often the reduction is around 50% and includes situations…

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Calendar 30th November 2020

CBILS DEADLINE NOVEMBER 30TH

Oct 29, 2020

Time is now running out on applying for the Coronavirus Business Interruption Loan Scheme. Over £15.45bn has now been lent under the scheme and £38bn has been lent under the smaller Bounce Back Loan Scheme. Key elements of CBILS are:   Finance from £50,001 to £5m Via loans, overdrafts, invoice or…

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Shape of recovery

WHAT SHAPE RECOVERY

Aug 27, 2020

Over the past 4-6 weeks the economists and commentators have been speculating on what type of recovery we will see. Every recovery shape has a letter that resembles the graph of decline and then recovery, and during this time we’ve had the V, U, W, L and Nike Swoosh shape…

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Billion Dollar Whale

BILLION DOLLAR WHALE – BOOK REVIEW

Aug 27, 2020

Time for a book review, and another book I just could not put down. However, this is definitely not like the Stephen Schwarzman ‘What it Takes’ book on how to run and grow a huge business. This is what not to do!! The Billion Dollar Whale book by Tom Wright…

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Ben Francis Gymshark

THE RISE OF GYMSHARK

Aug 27, 2020

Gymshark may not yet be a household name to everyone, but if its founder and ‘Keeper of Vision’ Ben Francis has anything to do with it, it will end up right up there with the likes of Nike and Adidas. Gymshark is a UK clothing brand focused on gym clothes…

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Facts type block

CBILS Deadlines Fact or Fiction?

Aug 20, 2020

CBILS DEADLINE DATES There seems to be a bit of misinformation going around at the moment regarding CBILS and when it is going to finish. The facts are that as at today, i.e. 20th August: – The CBILS Scheme will end for applications on 30th September 2020 – However funders…

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watch hands moving quickly

TIME RUNNING OUT FOR CBILS

Aug 11, 2020

Time is beginning to run out for CBILS Applications. Remember it can be used to provide growth monies and not just emergency monies, provided you have been impacted by COVID (and who hasn’t!) Contact us at Snowball Group if you if you require help and advice for CBILS or CLBILS. We have…

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