corporate finance 27 Recovery position


Tracey Bevis, senior new business manager at Pulse Cashflow Finance, explores the potential of invoice financing for recovering Thames Valley businesses


While the economy has flatlined with stagnant GDP, in no small part due to public sector job cuts, positive data from the final three months of 2011 shows that the private sector is picking up the slack and creating new jobs.


Figures released by the Office for National Statistics (ONS) indicate that the number of people employed by privately-owned businesses increased by some 45,000 to 23 million during the three months to January 2012, which could be clear evidence of the green shoots of economic recovery coming through.


There are numerous businesses across the Thames Valley that are recovering in a similar vein to the ailing UK economy. Nonetheless, alongside the countless corporate casualties, there are several local businesses that will certainly go to the wall if they fail to get the professional advice or the financial boost they need.


In these cases, a strong and effective management team may have steered the business thus far, but it may well be a bank or financier that could cause the demise of the business through a lack of appetite, change of heart or, quite simply, the inability to provide adequate facilities.


What are the options for these Thames Valley corporates? A company’s most significant asset can be its debtor book. Payment from debtors can drive working capital, and invoice finance is geared to this and serves as an effective way of boosting working capital further.


Historically, invoice finance providers have focused on the business' track record, historical data which may not have been particularly strong during the downturn. In these circumstances, they can be reluctant to lend to a recovering business – one that has a strong order book and good contracts in the pipeline.


At Pulse Cashflow Finance, we focus on the quality of the debtor book and if this is verifiable, we can turn around a facility at speed to enable businesses across the Thames Valley


THE BUSINESS MAGAZINE – THAMES VALLEY – JUNE 2012 Whitley Stimpson ad 92x133mm 'Value for money' Nick Bullen f.indd 1


HMRC targets eBay entrepreneurs


HMRC is offering people who earn a living from selling items through the likes of eBay and Amazon and have not ensured their tax affairs are in order an option to ‘Buy it Now’.


Online resellers have until June 14 to own up to any money they owe after the taxman wrote to 32,000 traders it has in its sights earlier this month. Those who come forward now will have to pay a reduced penalty of 20% on the tax they haven’t paid.


to benefit from adequate funding within days.


Where creditor pressure has consumed the business, Pulse Cashflow Finance can provide the company with sound professional advice, as well as essential funding. We can introduce restructuring experts to the business and negotiate with creditors to keep business owners and shareholders in control of their corporate destiny.


If you would like more information about Pulse Cashflow Finance's invoice financing services and how we can help your business on its path to recovery, contact Tracey Bevis on the details below.


CLIENT CASE STUDY


Pulse Cashflow Finance completes an invoice financing deal with a recovering business operating in the hotel recruitment sector that provides staff across the Thames Valley. The £14 million turnover business was in a turnaround situation, requiring a crucial funding boost to survive. By transferring its facility to Pulse Cashflow Finance from the incumbent lender, the recruitment company was able to secure a £1.7m funding line in a transaction that was completed within five days.


Details: Tracey Bevis 0845-539-7003 enquiries@pulsecashflow.com


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Increasing the pressure over the weekend, hugely popular eBay confirmed it is handing over the names and full contact details of large numbers of traders to comply with an end of May deadline set by HMRC.


Stephen Barratt, private client director at Thames Valley and south coast accountants and business advisers James Cowper,


said: “Most occasional buyers and sellers are not affected but HMRC’s campaign will undoubtedly be alarming for individuals who make their living through online reselling. Resellers who sell goods online as a trade or business and have not made full disclosures in respect of their income should consider making a voluntary disclosure to HMRC as a matter of urgency.”


However, Barrett added a note of caution: “We also recommend that those who believe they might owe tax seek advice from an accountant or tax adviser before approaching HMRC to make a disclosure so that matters are planned and dealt with in the best possible way.”


The campaign is part of HMRC’s strategy to collect an additional £4 billion for the Treasury before next April.


08/03/2012 12:43


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