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Latest news from Access to Finance Lancashire

Financial Literacy: Growth Profit Ratios

There are a number of ways to measure profitability for your SME. Gross Profit Percentage Operating Profit Margin Net Profit Percentage Each will have their own purpose and relevance. As we look at each ratios/calculations we will consider: What is it? Why it matters? Who cares? Let’s firstly consider Gross Profit Percentage. Growth Profit Percentage What is a Gross Profit ...

Can your company pay a reduced rate of 10% Corporation tax?

Mark Gibbons, Senior Access to Finance Specialist for Lancashire SMEs, considers the benefits of HMRC’s ‘Patent Box’ scheme. The Patent Box scheme is intended to encourage the development of new patented inventions in the UK. If a company is making a profit on any patented inventions, they will be eligible for a lower effective Corporation Tax rate of 10% on relevant profits.   ...

Financial Literacy: Growth Revenue Analysis

In this series we will simplify the interpretation of financial statements and appreciate the range of accounting ratios from financial statements. Also, to understand what they mean in terms of evaluating the trading performance and financial strength of your business and why they matter to you, your management team and to other parties. Of course, when evaluating the performa ...

Finance, funding and investment: what now for Lancashire businesses?

Mark Gibbons, Senior Access to Finance Specialist in Lancashire, looks at the current funding landscape for SMEs in the county. It’s no exaggeration to say that the last 18 months have been one of the most challenging times for small and medium-sized business in recent memory. COVID-19 and subsequent enforced restrictions on businesses alongside the country’s exit from the EU ...

North West set to showcase region’s climate action at COP26

The North West is leading action to tackle climate change and power a Green Industrial Revolution … that’s the message from the North West’s political and business leaders as they prepare to stage their official COP26 programme.   Leaders from across the North West – home to 7.3 million people - are uniting for COP26. They’re sending a clear message to international leaders t ...

Your business guide to the 2021 Autumn Budget - What were the key measures announced?

On 27 October,  the Chancellor set out the 2021 Autumn Budget outlining a series of measures to support businesses and help the economy recover from the COVID-19 pandemic. We've summarised the key points you need to know.   Business funding Support Schemes Recovery Loan Scheme The scheme will be extended until 30 June 2022. However, from 1 January 2022, the s ...

The Art of the ‘Elevator Pitch’

An elevator pitch is a great way to summarise – impactfully – your business and idea to an Angel or equity investor. But what is the formula for a successful one? First thoughts of an elevator pitch may bring memories of nervous entrepreneurs literally in an elevator ascending to take on the Dragons of the popular TV show Dragons’ Den.   So, what is an elevator pitch? An el ...

Early-stage fundraising – Mastering the art of replying to investor questions

One of the most interesting aspects of supporting and coaching early-stage founders in their fundraising journey is preparation for the live investor pitching event. Confident, capable, and articulate founders often struggle with the perceived pressures of pitching to a live physical, or virtual audience of investors. Invariably, the pitch itself is well-rehearsed and rarely, a ...

Angel Syndicates & SEIS Funds: A Growing Alternative for Early-Stage Funding

The UK early-stage investment market is witnessing significant growth from Angel Syndicates and SEIS (Seed Enterprise Investment Scheme) Funds which are increasingly emerging as powerful and efficient alternatives for founders. Access to Finance specialist, Ian Dixon, details his knowledge on the differences and the advantages of each.   A new generation of investors and plat ...

Early-stage fundraising and the reality of ‘no’

Early-stage fundraising and the right investors can propel your businesses growth and secure its future success. The reality of rejection in the fundraising process, however, is common - but not the end. Access to Finance team leader, Ian Dixon, shares his insight on how to use every opportunity to learn, develop and be better placed for your next pitch.   Have I got the righ ...