Samuel Grimmer

Launched on 6 April 2021, the Recovery Loan Scheme (“RLS”) provides financial support to businesses across the UK as they recover and grow following the coronavirus pandemic. The British Business Bank announced in late October that £1.06 billion has been offered through almost 6,200 facilities to smaller businesses across the UK, with £822.8 million drawn down through the scheme.

Whether they confuse, scare, or excite you, most people have heard about cryptocurrencies in recent years. Elon Musk has been tweeting about them, El Salvador has officially adopted Bitcoin as legal tender, and corporates are beginning to accept and hold various cryptocurrencies. As there is wider adoption, more businesses will end up acquiring these digital assets which raises the question on how to account for them.

As part of the UK government’s Clean Growth Strategy, the SECR framework aims to bring the benefits of carbon and energy reporting to more businesses by encouraging the implementation of energy efficiency measures, with both economic and environmental benefits.

At some point, most business owners will have considered the potential value of their business - perhaps when they are ready to exit, but also often in the years preceding this with a view to increasing the value before going to market. The big question though, how can the value be increased?

There are a multitude of factors to consider when valuing a company but COVID-19, and the wider economic impact of the pandemic, has created a more complicated landscape for valuation professionals.

The 'Bounce Back' loan scheme for small businesses, announced by Chancellor Rishi Sunak, could be vital in helping small firms emerge

With cashflow an increasing issue, here are some tips for businesses seeking to survive until government assistance starts flowing.