COVID-19 hub: Cashflow

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.

12/05/2020 - Announced on 20 April 2020, the Future Fund is a £500m support package targeted at innovative UK businesses. An initial commitment of £250m will be unlocked by private investment on a matched funding basis for businesses that typically rely on equity investment.

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.

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.

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.

07/05/2020 - The adverse effects on businesses, large and small, of the lockdown in response to the Covid-19 pandemic have been well publicised, with new updates published daily.

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.

06/05/2020 - The key question – How has an administrator used the property following its appointment?

[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.

[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”. 

28/04/2020 - The challenging and fast-moving environment that professional practices are operating in during the COVID-19 crisis, has led to some interesting themes emerging. 

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

[Updated 06/04/2020] How to protect your business in unprecedented times

03/04/2020 - Nobody knows the length or depth of the economic fallout from the Covid-19 pandemic. Many businesses will be looking at bank loans to tide them over this period - and possibly for the medium to longer term.

03/04/2020 - Accessing funds via CBILS is not straightforward. Here are our tips for giving yourself the best chance.

30/03/2020 - In light of the challenging and fast-moving environment professional practices are operating in during the COVID-19 crisis, here is a summary of some key areas to focus on.

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.

[Updated 26/03/2020] - With the ongoing COVID-19 situation, the UK government has announced the ways in which it plans to support UK individuals and businesses through this challenging period.

19/03/2020 - We are now living in unprecedented times. However, we should not overlook the tried and tested ways of coming through unexpected circumstances.