The Business Finance Podcast
We are Phil and Jack, owners of The Best Finance Group. We help UK Business Owners with their journey, from Start Up to Sell Up! Our day to day mission is helping UK businesses to access commercial finance from our huge panel of lenders. Types of commercial finance we help arrange includes: Unsecured Loans, Secured Loans, Invoice Finance, Single Invoice Finance, Revolving Credit Facilities, Property Finance, Asset Finance, Aquisition Finance, Supplier/Trade Finance, Merchant Cash Advances and Credit Insurance. We also work closely with Accountants, Business Consultants, Wealth Managers, Insolvency Practicioners and Solicitors. This means we can often support our clients by referring them to our trusted advisors. We will also bring in guests in these industries that can share their knowledge and experience, helping you the business owner to pick up valuable tips and information. Let us know if there are any topics you would like us to cover, or if you have a finance challenge we can help you solve! We hope you find this podcast series valuable and would love to help you. Contact us here:
www.thebestgroup.co.uk
The Business Finance Podcast
The Business Finance Podcast Episode 3 - How to protect your revenue in the UK Construction Industry
In this episode we look at the collapse of major UK Constructiion Company ISG and the effect that will have on their subcontractors, many of whom will take a financial hit.
We discuss financial products thatr can help to mitigate this risk, such as Construction Factoring and Bad Debt Protection.
We look at the UK Government announcement that they will be taking measures to address late payments. This is a massive problem for UK SME's and a huge barrier to growth. We look at credit searches and credit insuranance.
We then look at an invoice factoring lenders confidence tracker, which surveys over 1000 businesses, again bad debt and late payments are the hot topics.
Finally we look at a case study where Elliott, one of our experienced brokers provided our client a £100k unsecured loan, alongside a £30k revolving credit facility.
Enjoy the episode and if you have any questions, contact us here www.thebestgroup.co.uk
Thank you for listening!