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The transformed business finance landscape

I would like to use this time to try to take stock of what has happened over the last three months in terms of the Coronavirus pandemic and the support available for U.K businesses.

Even though it has only really been a few months, it has completely transformed the way some businesses do business.

And it has certainly transformed the financial landscape for all businesses and will probably continue to do so for the next maybe six, twelve, maybe even eighteen months.

Is this the landscape that you feel your business is in?

I think the prediction, really, from many bodies is that we will not actually get back to being where we were at in the next three years.

So it’s going to be difficult trading conditions and some of these problems that we have been encountering, you just could never have envisaged happening in a month of Sundays.

So, if you are experiencing difficulty with your finances, then please do not panic.

Do not bury your head in the sand.

Get some expert advice.

And if you get some expert advice, you have got a chance of being able to plan your way out of the Coronavirus pandemic and trade back to some level of normality rather than getting to the point where maybe you run out of cash and everything falls about around you.

That would be a tragedy for any business, but particularly as a result of, really, something you had no control over.

Contact us so we can put your business back into a thriving landscape.

So, if there is any way that we can help you at all, please DO get in touch.

That is what we are here for.

We want to save as many businesses as we possibly can, because only by businesses surviving will the economy start to thrive again.

Call us today on 01383 624 425 or submit an enquiry and we will contact you.

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How has your business health been?

I was just wondering how your health had been throughout the Coronavirus pandemic.

I notice a lot of people in my local area have taken up jogging, and cycling, and myself included, certainly, have taken up walking to a greater degree with steps going through the roof over the last three months.

So, everybody is in a little bit of a better position with regards to their health and whether that has reflected in their mental health, is another matter.

But the area that really concerns me is the financial health of people’s businesses.

So, if you have a business and you are a little bit worried about how you’re going to trade through this period, the questions really to ask yourself are do you have a plan?

Have you got a plan to get through from where you are now to where you want to be?

Have you got cash reserves?

If you find that the invoices that you do start to raise start to take longer to get paid as a result of the knock-on effect from this pandemic, because everybody really has been affected, are you going to be able to meet the commitments that you have in terms of your bills?

And, do you have a budget and a cash flow?

And do the budget and the cash flow match or is there a shortfall there?

If the answer to any of these questions is no, then I would urge you to get in touch with us on the basis that we can probably come up with a solution for you.

Call us today on 01383 624 425 or submit an enquiry and we will contact you.

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Scottish Contract Cleaning Company with cash flow problems?

We help Scottish Contract Cleaning Companies to improve their cash flow by releasing cash that they’ve got tied up in their sales invoices.

I’ve been in business for over 30 years, but one of the questions I’m getting asked at the moment is ‘How do I improve my cash flow when my customers are struggling to pay their bills?’


So here’s my best advice. If you’re in the Scottish business-to-business sector you will be raising invoices for your goods or services and normally you’ll be waiting 45 to 60 days to be paid for those invoices.

Now, with the Coronavirus you may have seen a drop-off in trade. If that’s the case you won’t be raising as many sales invoices so the amount of money that you’re going to have coming in over the next
six months or so will be significantly reduced.

Now you may well have enough money to get you through to the point where we can get started again, back up to normal levels, or start to ramp things up again. But, when we actually get to that point, you’re going to have to wait 45 to 60 days again on the new invoices that you’re raising.

So you’re going to have a bit of a funding gap between raising the invoice, getting the cash, and being able to thrive when we come out of this time. So, if you want to release some money in your invoices, this is where Invoice Finance can come in.

So, Invoice Finance will allow you to have 85 to 90 percent of that invoice in your bank account to assist your cash flow within 24 hours. At the moment the Coronavirus Business Interruption Loan Scheme can be used on certain facilities if you qualify to provide a guarantee to the lender.

Now, this is something that we specialise in here at Playfair Finance and it’s really easy for us to do the legwork for you to save you from having to go to every provider, for there are many in the marketplace.

We take the application from you, and we then go out to the market to find the best provider for you based on your sector, your turnover, and how your business has been trading.

So, we save you the time, but we can also find you the best deal.

Now, the best part of that is that actually, there is no charge for our services to do that. The charges are actually paid by the lender so you don’t have to pay anything at all.

So, if you’re a Scottish Contract Cleaning company and you would like some help with Invoice Financing, please get in touch.

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Construction Industry and need assistance with your cashflow?

If you are in the Scottish Construction business and having problems with your cashflow due to unpaid invoices, we have a solution for you.

Hi, my name is Graeme Shevas and I help Scottish Construction businesses who are having problems with their cashflow to release cash from their sales invoices.

I’ve been in business for over 30 years and one of the questions that my customers have been asking me lately is ‘how do I get my cashflow moving now that other businesses are having trouble paying their bills?’.

Here’s my best advice: If you’re a Scottish firm operating in the business-to-business sector, you’ll be raising invoices for your products or services. At the moment, your normal payment terms for those invoices
will most likely be 45 to 60 days. You may have seen a drop-off in trade and the amount of money that you’re going to have over the coming months will be significantly reduced.

You may well have enough to get you through until the point where you can begin trading at normal levels again, but when you need cash to pay the bills as you return to normal trading levels, you’re going to have to wait
another 45-60 days for payment. Therefore, the actual funding gap is going to be longer than the business interruption.

How are you going to plug that gap? This is where Invoice Finance and the Coronavirus Business Interruption Loan Scheme (CBILS) guarantee may be able to help. As soon as you raise an invoice you could have access to 85-90% of its value within 24 hours instead of having to wait the 45-60 days to get paid. This will give you ready cash flow to allow you to meet your costs and thrive as we get back to normal.

It is a straightforward process for the application and there are no fees for me to do that, as they are covered by the provider.

This is something that I specialise in and my role is to make sure that you don’t need to go to lots of different providers. You only need to go to me and I will access the most suitable providers based on the sector that you’re in, your turnover, and how your business is doing.

I can save you time and get you the deal that will work for you.

I hope you found that useful. If you’re a Construction business based in Scotland and you need help with Invoice Financing, you can reach me on 07776 257 342, or fill in the ‘Contact Us’ page on this website.