COVID-19: what will the future look like?
01/06/2020 - As the Government imposed lockdown, we explored the immediate action all firms should take to protect themselves financially. We then looked at the lessons to be learned so far from the impact of the pandemic on professional services firms. In this insight we look further ahead, assessing the potential longer-term consequences.
Fintechs: Navigating COVID-19
12/05/2020 - For fintechs, like any other business, cash is king, especially during times of crisis. For those fintechs who manage to get the basics right, recovery will come. With it will come potentially game-changing opportunities for growth in a market more open to digitisation than ever before.
Beyond Covid-19: valuable lessons for the future
07/05/2020 - For the time being, many businesses are fire-fighting – deciding who to furlough, chasing debtors, shoring up cash flow by raising short-term funds. However, there will be a point at which business starts tentatively to adjust to a new normal. At that point, it may be worth reflecting how your business could become more effective in future.
Entrepreneurial Businesses – what to do now to preserve your business tomorrow
07/05/2020 - Business owners have been working frantically to keep their businesses going amid the toughest conditions they are ever likely to face. While some have had their end markets cut away by policymakers’ response to the pandemic, others have seen an explosion in new business.
Helping businesses Bounce Back – details of the Bounce Back loan scheme explained
07/05/2020 - The Bounce Back Loan Scheme (BBLS) is providing access to loans of between £2,000 and £50,000 to support SMEs that are losing revenue and seeing their cashflow disrupted due to the coronavirus. The loan has a flat interest rate, no upfront fees and in the first-year interest costs are covered by the government.
Tenants and landlords: Collaborative solutions in tough times
[Updated 15/05/2020] - This is a uniquely difficult time for many commercial tenants and landlords. The British Property Federation (BPF) alongside its landlord members are working with retail, leisure and hospitality tenant businesses in distress together with other tenants affected by an immediate loss of revenue following the lockdown.
Emergency changes to insolvency law
[Updated 05/05/2020] - On 23 April 2020, the Business Secretary announced further changes to insolvency law designed to protect businesses affected by Covid-19 from action by landlords in response to what has been described as “aggressive rent collection”.
Additional Government loan package for companies affected by Covid-19
27/04/2020 - The Chancellor has announced a new support scheme for innovative businesses currently affected by COVID-19. It is aimed at businesses that are not eligible for existing rescue schemes, such as the Coronavirus Business Interruption Loan Scheme ‘CBILS’, and that have typically relied on equity investment
COVID-19: Self-employed income support scheme
27/03/2020 - The Chancellor has announced an income support scheme to help the self-employed through the current financial crisis, designed to be on a par with support for employees. The self-employed can, however, continue trading throughout this period.
S&W Sessions: Coronavirus - managing your business cashflow
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