Currently Research and Development costs can be claimed back at 200%. Here is a statement from HMRC’s website:
“From 1 April 2011, the tax relief on allowable R&D costs is 200 per cent – that is, for each £100 of qualifying costs, your company or organisation could have the income on which Corporation Tax is paid reduced by an additional £100 on top of the £100 spent. It also includes a payable credit in some circumstances.”
Its the first day back of 2012 for most of us and I’d like to wish you all a happy 2012. I really hope it is prosperous for you.
Its clear that our economy is in for a turbulent time with a number of finance directors predicting a double dip recession. However, in contrast to that those business with e-commerce and on-line sales activity are seeing growth. Evidence if you ever needed it that sales are moving on-line.
As the year 2011 draws to a close it is only fit that I and Enable Corporate Strategies say good bye to the year.
It has been interesting… Economically challenging with with more peak and troughs on the stock markets than a heart monitor and a never ending Euro Crisis which is far from over.
Economists at Standard Chartered bank said that global growth will slow significantly to 2.2% and the UK economy will contract by 1.3% in 2012. This is in contradiction to the Office for Budget Responsibility who said it expects the UK economy to grow by 0.9% in 2012. This type of confusing and contradictory news is not really productive for UK small to medium sized businesses as it makes planning very difficult today.
In a press release issued by the Federation of Small Businesses they have stated that trading on-line is vital for UK businesses to grow.
In 2010, business to business on-line trade contributed £60bn to the UK economy. E-commerce has great potential to help small businesses innovate and grow, something which can help economic growth. Research also shows that small businesses that trade on-line have been more likely to weather the economic storm.
More on Online trade is vital if businesses are to grow says FSB
The massive growth of the internet and more specifically the sheer volume of sales and business done online has created demand for a specific business loan to help businesses capitalise on this huge business growth potential. Enablefinance.com is please to announce a new and innovative business loan product to fund a trading businesses online expansion plans, funding new websites, ecommerce shops and internet marketing costs.
More on Business loans for websites, e-commerce shops and internet marketing
You have probably seen the comedy sketch from Little Britain… “The computer says NO”. Here is a great little video from Experian that gives you information on how your Companies credit score is created and what you can do to manage your firms credit report.
Product Announcement: Enable Finance is pleased to announce a new large business loan product specifically designed for business needing to borrow more than £500,000 (GBP). Moreover the finance product is open to Global Companies so regardless of your current location or domicile this business loan product could be available to your business. The business loan is innovative in its structure, creation and has flexible drawdown facility so if your business loan is for £5 million pounds you only draw it down as and when you need it, therefore only pay interest on the capital drawn. Like what you see apply online here
Enable Finance is pleased to announce a new range of unsecured business loans for trading UK limited Companies. The loans can be used for any business purpose as long as its not used for property construction. So if you are looking to grow expand or develop your business and don’t any security to give this could be the perfect solution for you.
A great day for the small to medium sized business owner as new banking entrant Shawbrook Bank enters the market place.
Shawbrook is an amalgamation of three previous business finance institutions. The new bank combines the savings and lending functions of Whiteaway Laidlaw Bank, Link Loans and the lending platform of Commercial First and is funded exclusively by RBS Equity Finance.
Davenham is to appoint administrators and has its shares suspended on AIM.
Davenham refers to its announcement on 28 March 2011 in which the company confirmed that, in order to extend the steady platform from which to continue the run-off of the group’s loan book for the benefit of the group’s banking syndicate, the banking syndicate had extended the maturity of the group’s on demand bank facility from 31 March 2011 to 30 September 2011.
Invoice finance has continued to grow in popularity for both SMEs and larger companies according to a new economic report and quarterly figures from the Asset Based Finance Association (ABFA).
Total advances from members currently stand at £15.7bn, showing strong year on year growth of 12%. This growth comes on the back of continued growth in advances over the past five quarters and shows that UK and Irish firms are increasingly opting for this type of finance over other forms of lending.
NACFB Survey 2010/2011: Lending to SME’s shows a small increase
- Total commercial lending to SME’s via brokers up by 14% year on year
- BUT overall lending still remains only at 44% of total at the peak of the market
Aldermore has lent £360 million to small and medium sized businesses over the past 12 months.
This takes the total value of loans on its books to more than £800 million and total assets to more than £1 billion.
More on Aldermore Business Finance Exceeds Commercial Lending Targets
In a recent survey by Bibby Financial Services, the UK largest independent invoice finance provider, it has been revealed that almost a quater of all businesses surveyed (24%) reported that trading conditions are worse than a year ago.
Well its taken some time but we have got there, our new website design has gone live today!! Enable Finance has had a web presence since 2002 and we take a very active role in our online relationships, marketing and communications. We hope that our new website will further enhance our online strategy.
Traditionally business owners have turned to their bank manager when proposed expansion or investment has meant that they require additional funding for their business. The bank manager has normally responded by granting an overdraft facility or agreeing a medium term loan.
It was great to receive a letter from Adam Tyler the Chief Executive of our Trade Body, The National Association of Commercial Finance Brokers (NACFB) yesterday. Now it has to be said I have, in the past not been a massive fan of the dozens of trade bodies that appear on the scene with some tenuous link for their own existence and self importance.
More on Growth & Support For SME’s On The Agenda At The House of Lords
The standard rate of VAT has risen from 17.5% to 20% as the government looks to boost tax revenues to cut its deficit.
Business groups have warned that retailers will be hit by the increase, while opponents of the rise have said the poorest will be hit hardest. The government says the rise is necessary to help bring down the UK’s high budget deficit.
More on VAT Rises from 17.5% to 20% – Small firms will be hit hard by the rise in VAT
May I take this opportunity to wish you a Happy New Year and I sincerely hope 2011 is a peaceful and prosperous one for you.
We at Enable Finance have a great many new products to launch this year and a new website design.
Labour leader Ed Miliband says 2011 will be “a year of consequences” for Britain as the coalition Government’s rapid deficit reduction efforts filter through to the economy.
In his New Year message, Miliband accuses the Government of cutting the shortfall at an “irresponsible pace and scale”.
A selection of Britain’s brightest businesses have revealed that, despite the economic challenges, they are set for a positive 2011.
Created to regularly share the views and insights of some of Britain’s most innovative and pioneering businesses, the HSBC Business Thinking Panel highlights investing in growth, reinvigorating innovation and exploiting international business opportunities as key areas.
Have you ever wondered how the money markets work and how the subprime mortgage crises happened.
This video goes into great detail without being to technical. All business owners and Company Directors should be aware of how the the commercial paper market works as business loans and investment flow through these markets
More on How The Money Markets Work and a Quick Reminder on the Subprime Market
A number of initiatives to help the UK’s five million small firms have been unveiled by the Government. It is hoped that the cross party range of measures will help small firms to access finance, make it easier for them to carry out business with the public sector, and allow social tenants to start up businesses from their homes.
More on Improving Access To Business Finance For UK Companies
Every single market movement and utterance from an economic sage is being met with speculation about the dreaded double-dip.
Today a scan of Google News will throw up over 7,000 articles on the subject and with the Dow closing last night below 10,000 points at 9985.81 pressures are growing:
Is the Enterprise Finance Guarantee (EFG) a sick practical Joke? I am looking for your views and comments.
According to new research Lending to SMEs under the government-backed Enterprise Finance Guarantee (EFG) loan scheme has continued to plummet, with a further fall of 20% in the last quarter and 59% in the last year. The scheme lent a measly £149 million the second quarter of 2010.
More on Enterprise Finance Guarantee (EFG) Loans, Are They a Joke?
The Bank of England’s Monetary Policy Committee has voted to hold interest rates at 0.5% for the 17th consecutive month. The MPC also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200bn.
Today is the day that the Bank of England Monetary Policy will again meet to decide the fate of the UK bank interest rate.
Interest rates have been historic low now at 0.5% will concerns over inflation require the bank to consider raising interest rates? Lets wait and see the MPC decision is usually unveiled at 12.30.
In a report our today by the The Ernst & Young ITEM Club forecast that the base rate will remain on hold until the end of 2013. However, this is dependent on the assumption that the impending spending cuts actually come through.
The Development Finance Team at Enable Finance are proud to announce a brand new product ideal for property investors looking to buy properties requiring refurbishment or are currently un-mortgageable, which of course is where you often find the bargains.
Chris Sutton of Black Horse Consumer and Motor Finance has been elected chairman of the Finance & Leasing Association (FLA).
He takes over the chairmanship from David Betteley, director of financial services at Jaguar Land Rover, who is standing down as FLA chairman after three years.
Commenting on Receivables 2009, the 13th Business Money annual evaluation of the united kingdom invoice finance market publisher, Robert Lefroy, stated: “Bibby Financial Services has built an significant contribution to funding the Small medium enterprise sector in Great Britan for nearly 2 whole decades.
More on Bibby Factors Now The 2nd Biggest Invoice Finance Company
