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Cheap Loans For SMEs
Bank of England Governor Sir Mervyn King announced last week that a £140bn stimulus plan to kickstart the economy has been approved and it is hoped this will make cheaper credit available to businesses and individuals. The Bank's £325 billion quantitative easing programme and efforts to keep interest rates at record lows of 0.5% have been ineffective in preventing credit from tightening in the midst of the Eurozone crisis; and the major criticism of the previous programme had been that banks had improved their balance sheet with the cash generated instead of lending to businesses.
However, rather than be at the whim of external funders, there are many alternatives to external funding which can be more effective in managing cashflow problems. For more information about effective cashflow management options and solutions, please reply to this new letter or you can mail clientcare@efm.uk.com for a free no-obligation discussion. You may also forward this on to a contact who might find this useful! |
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A Light Hearted Look At How The Bailout works! Please Click On The Link Below
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Start-ups To Be Offered Space In Empty Buildings
The Government has identified 18 locations in the UK including Bristol, Leeds, Oxford, London and Birmingham as having the potential to be used by entrepreneurs to set up and grow their business. According to Business and Enterprise Minister Mark Prisk, 'This is a practical measure which the Government is taking to support the next generation of businesses'. It is hoped they will also offer business support and mentoring to the spaces' new occupants. Francis Maude, Minister for the Cabinet Office says that it is not always possible to sell a building or exit a lease immediately when the space is no longer needed so rather than allowing the buildings to sit empty at taxpayers' expense, they are making the space available to SMEs. To find out more about these Government buildings, please visit
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Be Your Own Boss & Change Your Lifestyle Could you improve your financial situation, have more control of your time and grow a successful business?
Why not join the 23 finance professionals who have made this commitment and now run their own financial management business? |
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eFM's Interim Management
Service
The harsh economic climate has not made it any easier for small companies to deal with fluctuating demand for products and services as well as unplanned staff absences. In addition to new parental leave entitlements, employers have to deal with a multitude of challenges from employment law obligations, agency workers regulations, reduction in credit lines, changes to business rates, cash flow problems and other resource limitations. These liabilities have a significant impact on employment costs in a climate where companies need to keep overheads low.
In our experience, SMEs rarely need access to a senior financial person on a full time basis, hence we have developed 'flexible interims' as a cost-effective solution for companies to access specialist interim support from. e-FM recognise Interims may only be required for a few days a week/a month, hence can provide the right levels of expertise at the right price without the need for any major financial investment or recruitment costs. To find out more about our interim management solutions including our maternity/paternity cover, sickness cover, 3rd sector cover, project cover and ad hoc support, please click on the link below.
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Specialist
Pay- As- You- Use Financial
Management
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"Find out more" by visiting us |
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Greetings! ,
Before long the summer holidays will be upon us, and some companies are yet to recover from lost business output as they closed or operated at reduced capacity during the recent Jubilee weekend. With the Olympic events approaching, increased demands on public transport- if they are not closed due to strike action, may affect staff travel to work, meetings and other business engagements especially in the South. Supply chains may be affected if contracts have been won as a result of the Olympics and there will be additional pressure on technology as people may stream live coverage of the Games. But it is not just about the Olympics, it is the Great British Summer of Sport- from the Euro 2012 Finals, to Wimbledon, to the Olympics and Paralympics. These are the very best sporting events taking place this season! Employees may also be planning to take time off work to participate during the period even as volunteers and it is also wise to expect a higher level of sickness during this period. This edition provides tips to help you mitigate the impact of the extended holiday period.
While we are conscious of the business impact of the Games, we need to remember that the aim of the Olympics is the cultivation of people and world peace through sports as well as the expression of the solidarity of the world's five continents (The 5 Ring Olympic Symbol). The influx of visitors presents economic and business opportunties and is good for commerce and camaraderie. Here's wishing team GB every success! |
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How Prepared Is Your Business For The Next 4 Months?
In preparation for the holiday season and the Great British Summer of Sport, companies need to plan for the likely disruption bound to occur. It is necessary to plan for the risks of staff being unable to work efficiently, potential transportation problems arising from restrictions on traffic, the possibility of some sickness and the impact that this could have on your business. It may also be difficult to get a quick response to power cuts, broadband or phone failure due to restrictions on utility company repair works. Mobile networks could also suffer from increased demand which could affect communication during this period.
A proper business continuity plan is required to deal efficiently with these staffing, supplier chain, technology and resource challenges. If you already have comprehensive business continuity plans, these need to be reviewed to factor in the differences resulting from additional pressures of the Games. If you do not have one, take action now by clicking on the link below.
 | | Business Continuity Plan |
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Eurozone Crisis:
7 Cautionary Steps
The Eurozone is the UK's biggest trading partner and recent import/export statistics suggest that the UK could suffer from reduced demand in products and services especially in the production and manufacturing sector.
This of course could have a serious impact on payment plans, profit/loss resulting from exchange rate fluctuation and resource. The resulting loss of confidence could also discourage expansion, growth and investment in people and in the business. Credit will become even harder to obtain and SMEs could be hardest hit. No one really knows how bad this could get as the country has not been in this position in the last 50 years, so how can businesses cushion themselves?
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Whatever level of financial management expertise you require, e-FM will take care of it. The e-FM Network team is made up of finance and general management specialists with board level experience across a wide range of sectors including venture backed and private equity funded businesses. The focus of the team is to provide a valuable financial management service to growing companies without all the attendant costs relating to permanent staff.
Between them, e-FM's professionals have the experience to handle any business situation from the startup phase through growth to exit. They bring to the network a variety of business skills with special emphasis on:
- Managing and optimising growth opportunities
- Restructuring
- Profit Maximisation
- Cashflow and Risk Management,
- Systems Development and Reviews
- Mergers, Acquisitions,, Disposals and Transfers
- Business Planning
- Cost Reviews
- Strategic Planning
- Working Capital Forecasting, Financial projections
- Funding Development Proposals
- Board Support
- Other bespoke financial management services.
With the expansion of the network, the portfolio of skills now available includes:
- Advice on property-related matters e.g. upsizing or downsizing, re-gearing leases and negotiating terms with landlords and their agents.
- Financial modelling, including investment and development appraisals, portfolio analyses and profit and loss account, cashflow and balance sheet projections. For the latter range of services, you can email Simon Johnson directly at simon.johnson@efm-network.com.
If your business, clients or contacts might benefit from the experience of our specialist team, kindly forward this newsletter or please email clientcare@efm.uk.com. You may also visit our website www.efm-network.com for more information about our pay-as-you-use financial management service. |
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