Tenly Capital Ltd

19/02/2024

The UK's rising interest rates in 2024 present challenges for businesses that rely on borrowing. However, by implementing strategic financial management, optimizing cash flow, focusing on profitability, and seeking professional guidance, businesses can adapt and thrive in this environment. The blog post outlines key strategies and emphasizes the importance of proactive planning and communication to navigate economic shifts and ensure long-term success.

UK businesses face rising interest rates in 2024. This blog post explores the impact, potential challenges, and practical strategies businesses can adopt to navigate this economic landscape and emerge stronger.

03/12/2023

Ripening the Harvest: Unveiling a Fresh Approach to SME Payment Punctuality

The Overdue Payments Dilemma: A Call to Action for UK SMEs
The UK’s small and medium-sized enterprises (SMEs) are facing a significant challenge: overdue payments. While these might seem like minor inconveniences, they add up to a substantial financial burden. In 2022, SMEs were chasing an average of £22,000 in overdue payments. If resolved, this could potentially boost the UK economy by £2.5bn.

https://insights.tenlycapital.co.uk/ripening-the-harvest-unveiling-a-fresh-approach-to-sme-payment-punctuality/

03/12/2023

Navigating the Financial Abyss

SMEs and the Unraveling Threads of Insolvency

The UK economy is facing a grim reality as the number of businesses forecasted to go bust by the end of the year exceeds figures from the peak financial crisis in 2009. Recent data from England and Wales in the three months to the end of September show a 10% increase in insolvencies compared to last year

SMEs and the Unraveling Threads of Insolvency

03/12/2023

Mastering the Art of Receivables

Unlocking the full potential of a business requires a healthy cash flow, but for many UK SMEs, the relentless issue of unpaid invoices acts as a formidable barrier. Survey data paints a stark picture – almost half of businesses are concluding fiscal years with a mounting pile of outstanding invoices, indicating a deepening crisis. This struggle extends beyond the UK, with a significant 40% of European invoices surpassing their due dates. Economic uncertainty and market volatility cast shadows on financial stability, disproportionately affecting sectors like construction and freelancing. While UK legislation offers a lifeline through interest additions to overdue amounts, a mere 23% of businesses seize this opportunity. Join us as we delve into the alarming trends, shed light on the legislative recourse, and explore how charging interest could be the key to dissuading chronic late payments.

Ensuring Timely Settlement for Outstanding Invoices in Small Businesses

03/12/2023

Revolutionising Your Finance

Dive into the financial future with HMRC's groundbreaking Basis Period Reform! Unveiling a game-changing measure set to reshape how trading income aligns with tax years. Forget the complexities of the past – this reform, effective from the tax year 2024-2025, promises a simpler, fairer, and more transparent taxation landscape. No more double taxation headaches or lost records; it's time for a financial revolution! Join us as we explore the benefits, including accelerated tax payments and potential shifts in tax rate bands. Let's break down the example scenarios and navigate through the key changes. Get ready for a financial journey that's streamlined, equitable, and poised for a brighter future!

Unveiling HMRC's Game-Changing Basis Period Reform for Self-Employed Taxation!