Archive: Financial Planning

Reducing the risk of bad debts

by Touch Financial (September 12, 2011)

Bad debts continue to be a worry for businesses. While it is almost impossible to eliminate the risk, there are steps you can take to minimise your exposure.

Will businesses soon be paying more to borrow money?

by Touch Financial (September 10, 2011)

While interest rates could remain unchanged for months to come, the UK’s banks are threatening to raise the cost of credit. That would hit businesses hard.

Invoice finance makes the cash flow

by Touch Financial (August 30, 2011)

A strong cash flow puts a business in a much better position to succeed. This is the reason why many firms choose to use invoice finance.

Are you prepared for energy hikes?

by Touch Financial (August 24, 2011)

Scottish and Southern Energy (SSE) has become the latest firm to announce eye-watering increases in the cost of gas and electricity for customers – by 18% and 11% respectively. And energy provided to businesses by SSE is also expected to rise by a similar amount. This comes on top of big rises already announced this year by British Gas and Scottish Power.

Banking sector needs a ‘shake-up’

by Touch Financial (August 24, 2011)

Banks and businesses are still very much at loggerheads over funding, almost 3 years after the collapse of the UK banking system, its subsequent bailing out and the onset of the recession.

High street banks are adamant that the reason is the demand for funding from SMEs is simply not there – and claim that Bank of England figures released last month, which show lending to smaller firms fell by £1.8billion in May, back this up.