Archive for the ‘Guest Authors’ Category

For whom does VAT Toll?

Posted on: January 11th, 2018 by Liz Maher No Comments

Well the good news is that it doesn’t now apply to any tolls paid by commuters – business or personal – crossing on the Severn Bridges from the 8th January 2018. (more…)

Why currency exchange rates matter when planning to buy or sell property abroad

Posted on: October 20th, 2017 by Sarah Price No Comments

Date: 18th October 2017

By: Luke Walden, FX Expert, Godi Financial

Every year, thousands of hard working individuals finally take the plunge and purchase their dream holiday property. The end goal is to be sitting with a cold drink in the sunshine around the pool, but the process leading up to that point is far from plain sailing. Finding the right property in the right location is just the start. Once it comes to parting with your hard-earned cash, that’s when there are some potentially costly pitfalls to consider. (more…)

It’s not all doom and gloom

Posted on: July 22nd, 2016 by Liz Mounfield No Comments
Richard Jones, Senior Associate, Blake Morgan

Richard Jones, Senior Associate, Blake Morgan

The referendum decision has given rise to political and economic turbulence which is unprecedented in recent times and there is likely to be a continued level of uncertainty for some time to come as business waits for clarity on the expected timescales for ‘Brexit’ negotiations and the invoking (or not) of Article 50.

Despite such uncertainties, whilst recognising that this is a difficult time for business owners, start-ups and SMEs in particular, it is equally important to recognise that it is not all bad news and significant opportunities exist in the commercial market for business growth and opportunities abound for corporate transactions to flourish.


Governance in a turn-around

Posted on: July 18th, 2016 by Liz Mounfield No Comments
Mark White LinkedIn photo

Mark White

I recently heard the founder of a social enterprise complain that “governance gets in the way of doing business”. Her basis for this claim was that she had to get board permission for everything. I fundamentally disagree. Good governance drives successful charities. The harsh flipside is that charities fail when governance is not fit-for-purpose.

When I recently became chair of an establish charity, it was clear from the beginning of my role that the charity faced many challenges, not least an insolvent balance sheet, a management structure no longer addressing the charity’s business needs, a public funds dependency culture, a management team used to controlling information flows to the board and, as a consequence, a board keen to get involved in operational matters, i.e. interfere!


Farming finances: Three different options to access cash for your farming business

Posted on: July 12th, 2016 by Liz Mounfield No Comments
Martin Waite, AMC

Martin Waite, AMC

How do farmers free up working capital when margins are under pressure? Here’s some examples of how farmers have made the most of their finances when times are tough.

  • Farmers are taking advantage of flexible funding to free up working capital.
  • Restructuring loans on capital expenditure to upgrade farm facilities can improve profitability and cash flow.
  • Resourceful farmers are identifying additional revenue streams as commodity prices remain under pressure.

Rising input costs and falling commodity prices have put pressure on farmers across the UK. With the right support, some have turned adversity to their advantage by making their funding work much harder for them.


Brexit and VAT

Posted on: July 7th, 2016 by Liz Mounfield No Comments

In the recent referendum the UK, including Wales, voted to leave the EU. While nothing much is expected to happen in the short term regarding VAT, once the Government has triggered Article 50 of the Lisbon Treaty to formally confirm that we are leaving negotiations will begin in earnest to agree the terms and process of our exit. It is said that negotiations are likely to take place over a 2-year period but possibly they may take more or less time than that, we just don’t know yet.

During the period of negotiation and until they are concluded, the UK is still part of the EU and accordingly we would expect that it must continue to be bound by EU VAT legislation, European Court Judgements on VAT and also reporting requirements, including VAT returns, ESL returns for both goods and services and Intrastat returns.


Invoice Discounting Financing Growth

Posted on: June 14th, 2016 by Liz Mounfield No Comments

Invoice Discounting (ID) has been around in the UK for four decades and really became part of the mainstream funding landscape in the 1980’s, says Mark Edon, Head of Invoice Discounting – Allied Irish Bank (GB)

Like Factoring, monies are advanced against the trade debts due into your business but unlike factoring you stay in control of your own client relationships and your customers are unaware of the financier’s involvement. As well as all the main high street banks there are also many independents offering this type of finance, so what is the Owner Manager of a growing business to think?


Life after debt in 2016?

Posted on: January 28th, 2016 by Liz Mounfield No Comments

You’re the owner of an established Welsh small or medium-sized business (SMEs), but what does 2016 hold for you?

Are you happy with your business’ current revenues and profits or will 2016 be the year your business steps up a gear?

If you are looking for faster growth in 2016, you might need to think differently about funding. What are your options if your business doesn’t have enough money in the bank to finance your plans?

Well, if you’ve grown your business from the ground up, you may think of taking out a loan as you’ve done in the past, but will a loan really give you the flexibility you now need?


Getting maximum value – 5 steps for selling your business at the right price

Posted on: November 23rd, 2015 by Liz Mounfield No Comments

After years of hard work, you’d think that every business owner would want to sell their company for the best possible price, yet every year hundreds of businesses in Wales are being undersold – down to a lack of succession planning.

Without proper planning it often becomes much easier for a buyer to chip away at a business’ valuation through the due diligence process, reaching a final figure that is below the vendors expectation and not reflective of all the years of hard work invested in building the business up.

The key to avoiding this is to have clear succession goals at the start, begin your planning early, build it into the day-to-day running of your business and ensure you have an effective transition plan in place.


Why is it that many companies blame poor results on currency movements?

Posted on: November 4th, 2015 by Liz Mounfield No Comments

FX logoFor any successful organisation trading in the global market place, dealing in foreign currencies is now an unavoidable prerequisite. Yet time and time again companies sight unforeseen movements in the currency markets as a driver for poor performance or for worse than expected numbers at the end of a quarter. Is such an oversight of what is now a fundamental part of international trade really a palatable excuse in 2015? The last 12 months have without a doubt seen an increase in volatility in the currency markets, with many central bankers intervening to control their currencies strength.

Foreign Exchange risk and currency management should now be a hugely important consideration of any modern Finance department and finance director. This makes it all the more surprising just how few companies are genuinely on top of this and minimising their exposure to currency fluctuations.