Business Advice

When to use Personal Finance to Support your Business

Using Personal Funds for Your Business? Here’s How to Qualify for Interest Tax Relief.

There may be times when raising funds through your company isn’t straightforward—especially with tighter lending conditions or delays in accessing business finance. In these situations, some directors or shareholders choose to borrow personally and then introduce those funds into the company, either by lending the money to it or subscribing for shares. While personal borrowing […]

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Risks of Running a business as a sole director

The Risks of Having a Sole Director for Your Company

Running a business as a sole director may seem straightforward, but it carries significant risks that can create operational and legal challenges. Recent developments, including legal cases, highlight why relying solely on one director could jeopardise the continuity and decision-making capability of your company. Here’s what you need to know: If Something Happens to the

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How to prepare an exit planning strategy for your business

The Importance of Exit Planning: Why Every Business Owner Should Prepare Early

For many business owners, the day will come when they need to consider selling their business. Whether it’s to retire, pursue new ventures, or pass the reins to someone else, selling a business can be a complex and challenging process. What many owners don’t realise is that up to 95% of businesses fail to sell.

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Adopting a Proper Plan for Selling your business

Exit Strategy: Adopting a Proper Plan for Selling your Business

The Corporate Finance Network (CFN) is the largest UK network of accountants who specialise in corporate finance for SME’s. The aim of The CFN is to assist their member firms, such as ourselves, to be able to advise owner-managed businesses to grow a well-capitalised business, and encourage business owners to plan for their eventual exit.

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