76 DEBATE
Kevin Steven, Pierce
While some businesses have thrived, by and large, balance sheets are weaker for the pandemic. It’s not simply a case of senior debt that’s causing those issues, there’s some fairly chunky PAYE, VAT, corporation tax, time-to-pay schemes.
Kevin Steven
Our sense is that while the schemes such as CBIL have been quite successful it’s
While management have got much closer to the business, they really
A number of businesses are sitting on cash at the moment, for the balance sheet looks relatively healthy at this point, but as you project
When you look at real cash and sustainability, we are concerned that a number may be over-trading going forward, unless they’ve got the
One of the challenges for SMEs is what does next year look like? We know there are challenges coming, but how far does this pandemic go?
‘How far can it go? ‘What options do you have?’ and ‘How do you control the position you’re in?’
Jessica Jackson, GC Angels
We are an early-stage investor. We take a percentage stake in the company in exchange for the cash that we put in, with a more longer-term view than other debt products out there.
We look at the management team’s strength, have they got the right skills around them, does their plan make sense? Ultimately the business plan they present will not be what happens in reality, what we’re trying to assess is if they have the resilience and right mindset to deal with
tend to do a lot in terms of business development are awareness-building in communities, it is not
It’s a ‘they will come to us,’ model which brings with it a wealth of issues in terms of diversity in every
When you look at the Angel market, high-net-worth individuals who tend to support businesses at
Jessica Jackson Nadeem Memon, Panaz
Finance has changed dramatically. The norm for most finance directors was to look at historical information. We’ve changed that, we look at data analytics, we’ve invested in technology.
We look at future business and pipelines and then realign that with our strategy, in terms of what cash we
Nadeem Memon
Mark Gibbons Mark Gibbons, Access to Finance
Like all businesses we’ve had to address the way we work. Traditionally we’ve tended to focus on B2B business. But given the pandemic we decided to throw the doors open a little wider.
Normally you would endorse the taking of debt, or equity investment, to support growth, but given we’ve seen a lot of businesses struggle due to the pandemic and we’ve been looking at the government-backed
We’ve also looked at what other mechanisms they can use to retain Also, maybe striking repayment plans with lenders or landlords
Businesses have had to adapt, maybe change their service offering or
From an equity point of view, we know lenders and investors are keen to understand the management team, but they also want to understand where the exit’s going to come from
From a debt point of view, whether debts, the viability of the business is important and of course debt
good advice and support and good
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