NEWS
A GUIDE TO SUPPLY CHAIN FINANCE
Supply Chain Finance also known as Reverse Factoring It provides suppliers with immediate cash on invoices and the buyer gets the goods for a period of time before having to pay for them as the payment terms on the invoice remains unchanged or in some cases, even extended. Major UK…
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SNOWBALL RECRUITS HEAD OF BUSINESS DEVELOPMENT
NACFB Member and Finance consultancy business, Snowball, has recruited a Head of Business Development, Alex MacDonald. In his new role, Alex will lead the business development strategy and be responsible for driving its relationships with introducers and raising the profile of the group. Prior to this Alex has spent…
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What’s Your Trust Score?
If you were to ask yourself how much you or your organisation is trusted, would you know the answer? How would you even begin to be objective about that? Don’t despair; there is a way of taking a scientific approach to understanding how much we are trusted by those around…
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THE END OF LIBOR
The LIBOR rate used in finance is being replaced. The London Interbank Offered Rate was the benchmark used to price trillions of financial contracts worldwide. For those not familiar with the rate, it could be considered similar to base rate in that underlying financial transactions are priced with a…
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HIGH WINDS BLOW SUPPLY CHAINS OFF COURSE
More than 400 vessels were stranded in the Mediterranean and the Red Sea when the giant container ship Ever Given became wedged across Eqypts’ Suez Canal after it was knocked off course by strong winds. The ship is 400m long; the length of four football pitches and was carrying around…
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New Recovery Loan Scheme
The new Recovery Loan Scheme (RLS) was launched on the 6th of April. It is in many ways a replacement for Bounce Back Loans (BBL) and CBILS but has none of the key benefits of them such as – no interest for 12 months, capital repayment holidays and no fees.…
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PRIVATE COMPANY VALUATION ASSESSMENTS – WHAT ARE THEY WORTH?
In the last 12 months, while most UK businesses have been addressing the challenges of Covid, investors have become disorientated. Fortunately there are now signs of confidence returning, but assessing investment opportunities is nevertheless difficult, especially in the private company world. However, two things are certain: the UK’s entrepreneurial spirit,…
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UKEF & TRADE FINANCE
The General Export Facility recently launched by UK Export Finance aims to provide greater access and flexibility for UK exporters to trade finance funding. UKEF is the UK’s export credit agency. It exists to ensure that no viable UK export lacks for finance or insurance from the private market, providing…
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SEIS AND EIS SCHEMES
If you are looking to raise equity investment in your business, knowing about the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) Schemes are a must. These are HMRC approved schemes that allow individuals to invest in early stage or established businesses and obtain attractive tax breaks. The…
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