What Type Of Business Should You Be?
There are all kinds of business models, but only three basic types of businesses. These are sole traders, partnership and limited companies. Each one has its pros and cons. Here’s a quick guide to what you need to know. Sole traders As a sole trader, you literally are your business and your business literally is […]
Understanding Company Bankruptcy
It’s definitely not just individuals who get into financial trouble. Companies went out of business from time to time long before COVID19 (and Brexit). The course of the pandemic has seen many of them fail already. The path towards the “new normal” may see even more fall by the wayside. With that in mind, here […]
How To Get Rid of Your (Post-Lockdown) Debt
Hopefully, spring 2021 will see the arrival of the post-pandemic “new normal” so many people have been craving for so long. Part of this new normal will, however, mean the withdrawal of COVID19-related financial support. It will also mean tackling (post-lockdown) debt. Here are some tips to help. Establish a realistic baseline Your baseline is […]
Get Ready For Repayment Hikes
Currently, interest rates are only a whisker above zero. This means that variable-interest-rate debts such as credit cards should be at close to maximum affordability. Barclaycard, however, has decided to increase its minimum repayments. Here’s a quick guide to what this means. The old rules versus the new rules Up until 25th January, borrowers paid […]
Understanding Company Voluntary Arrangements (CVA)
Company Voluntary Arrangements are essentially a “light-touch” form of business insolvency. They were introduced in 1986 and have been in regular use ever since. Currently, they are back in the spotlight as businesses of all sizes try to find a path forward. Here is what you need to know about them. The basics of CVAs […]
Financial Management In Tough Times
The skills needed to manage your money are essentially the same as they have always been. The difference is that the effect of any mistakes could be amplified by the general economic conditions. With that in mind, here is a quick run-down of the basics of financial management. Work out your priority payments Your priority […]
The March 2021 Budget and Debt/Taxes
With the medical effects of COVID19 being tamed, it was always odd-on that the March 2021 budget would be about taming its financial effects. Brexit also had to be a consideration, even if there was only tacit acknowledgement of the fact. That being so, it’s hardly a surprise that there’s little joy when it comes […]
How SMEs Can Tackle Business Debt
It isn’t just consumers who have been financially damaged by COVID19. Many businesses are barely scraping by. Some have been forced to rely on financing and may now have (a lot) more debt than they’d like. If this sounds familiar, then here are some tips on how to tackle post-pandemic business debt. Get your financial […]
Bounce back loans
The bounce-back loan was introduced by the Government in March 2020 to assist those companies who have been affected by the Pandemic. However, as the Pandemic continues a lot of businesses are finding that the bounce back loan and using the furlough scheme just isn’t enough. At Adcroft Hilton we are seeing an increasing number […]
Will Amigo Be The New Wonga?
Back in August 2018, payday lender Wonga announced that it had been forced into administration. The news brought tears to nobody’s eyes. It did, however, raise a lot of questions about the behaviour of the government and the regulators. Could Amigo turn into a case of history repeating itself? A tale of two payday lenders […]