The traditional bank lending outlook post-coronavirus remains unclear. Banks are encouraged by the government to favourably consider customer forbearance requests and this is both expensive and disturbing for the banks. In such circumstances, banks tend to limit their future lending, particularly to small businesses that are perceived as higher risk….
Protecting cash flow has been the priority for most businesses amid the coronavirus pandemic. Around 80% of small and medium-sized businesses in the UK have seen revenues decline as a direct impact of the COVID-19 crisis, McKinsey research shows. This has led to a number of capital-related concerns. One in…
It’s been a tough year for manufacturers, just as it has been for so many businesses. Manufacturing output has fallen off a cliff as new orders took a nosedive and existing contracts were deferred or cancelled. But there are signs that things are now starting to stabilise, and optimism among…
Every business lives and dies by its finances. But never before has cash flow been more precarious than it is now, with some businesses seeing sales driven down by as much as 50% throughout 2020/21. While a range of government financial support has been available throughout the coronavirus pandemic, the…
Shire Leasing has launched a time-limited asset finance solution which allows UK businesses to acquire new equipment/assets on a quarterly Finance Lease and defer the first payment until the next quarter; with absolutely no additional or hidden costs. This new facility will further protect their cash flow and allow…
Thursday 4th February 2021 marks Time To Talk Day. Shire hosted virtual sessions throughout the day, to provide our employees with the opportunity to talk about mental health. What is Time to Talk? Time to Talk Day is a campaign led by Time To Change, to change the way people…
The transport and logistics industry has been dubbed the ‘unsung heroes’ of the COVID-19 pandemic. It has continued to work tirelessly throughout all three lockdowns, hauling everything from food for the supermarkets to vaccines for vaccination centres. The industry’s importance was underlined in January when the Department for Transport confirmed…
Even in more normal times cash flow in any business is the number one priority. When businesses do fail, 82% do so because of negative cash flows. It is vital your business prioritises generating and maintaining cash to survive these difficult times. The coronavirus pandemic has made it hard for…
There’s never a bad time to invest in top-of-the-range security equipment. However, with the current lockdown resulting in fewer cases of theft and burglary, now might be the best time to ensure that you’re prepared for a potential ‘bounce back’ in crime once restrictions are lifted and normality is restored….
Shire Leasing PLC has been appointed by Bath & North East Somerset Council to deliver the UK’s first financial assistance scheme to support businesses affected by the introduction of clean air zones to invest in lower emission vehicles. The finance scheme has been launched to support Bath’s Clean Air Zone (CAZ),…
