Data shows that over half of SMEs are affected by delays in receiving customer payment, with many hours spent chasing unpaid invoices. It’s an unnecessary strain on small businesses, leading to a great deal of frustration. More crucially, with an estimated £17.5...
Strategy
The top turnaround strategies for a small business
Every SME aims to perform at their best. Optimising your operations should ideally bring growth and profit while enabling you to satisfy customers and meet demand. However, you might not be getting the results you want. This can include declining profits, production...
The 5 common fears people face when putting their business for sale
Most business owners will come to a point where they need to sell – whether to prepare for retirement, allow a change in lifestyle or move on to the next challenge. However, selling a business is a life-altering and often difficult decision. It’s no surprise that...
Short-term solutions to address your business cash flow issues
When running a business, maintaining positive cash flow is essential. If for whatever reason, your cash flow is poor, it could lead you to fail to meet your financial commitments, as well as potential damage to those key relationships and disruption to your typical...
Why it’s a good time to buy a business post-pandemic
The last two years of the coronavirus pandemic has been a challenging time for almost every business, with many undergoing seismic changes. Although the economy is now steadily recovering, there may be fears and uncertainties about taking the plunge to buy a business....
Are you personally liable for your business’s debt?
For a business owner, your company's ongoing success and survival may seem like your number one priority. It's easy for your private life to become intertwined with your professional one – and this includes your finances. When you and your business are closely weaved,...
Case Study – Operational Effectiveness Assessment – Managing Risk
The Client Medium sized FMCG manufacturer Constraints Regulated industryLong supply lead timesHigh raw material costsHigh potential impact from consumer complaints The Problem The client’s product uses raw materials supplied from multiple countries and the assembled...
Using the Golden Triangle for Consistent Delivery
The everyday revenue-generating business machine is widely known as operations. Whilst we as consumers generally hear about products and services, the activities that get those products to our door or services delivered on time, and in line with expectations, are...
Mergers and Acquisitions are difficult – Get the right support
@UKBA, business advisors have been instrumental in countless company mergers and acquisitions (M&As) over the years. Our finance specialists can support the M&A process by: Rigorously analysing the financials of your existing company and the firm you wish to...