How to get your business financially fit in six steps

At Turner Little, we can help with different aspects of setting up your business, from financial advice to more complicated planning. Here are our sure-fire steps to achieving a financially stable business in 2018. Follow these good habits and you’ll be on your way to a lean, mean, fighting fit business.

Read the article in full on the Turner Little Blog.

What are the best finance option for your business?

Choosing a method to finance your business is the most important step you will take. If you’re not sure which way to go, have a look at our handy breakdown of the most common sources of finance.Finance from your bank

All major banks offer various financial support choices for businesses. They can also give advice on what would suit you best. The kinds of options you’ll be looking at are:

• Fixed term business loan
• Credit cards and business overdrafts
• Cashflow finance solution
• Borrow money against assets
• The EFG (Enterprise Finance Guarantee) scheme

Read about the best finance options on the Turner Little Blog.

The best ways for seasonal businesses to manage cash flow

Lots of small businesses face a degree of seasonality, particularly in tourism and retail. A survey by Wells Fargo/Gallup shows that almost 50% of small business owners report certain times of the year that will be predictably busier or slower than others.

Read the article in full on the Turner Little Blog.

How to fund your small business without a bank loan

Many entrepreneurs are increasingly seeking out alternatives to bank loans to kickstart their business idea. Here’s our round up of some of the alternative forms of funding available.

Government Start-Up Loan

If your business is either brand new, or you’ve been trading for less than 24 months, you might be able to secure a Start Up Loan backed by the government.

Start Up Loans are unsecured personal loans of amounts up to £25,000. The loan must be used for your business only, and is repayable at a fixed interest rate of 6%. To find out whether you are eligible, check online.

Overdraft from the bank

A bank overdraft can be handy for businesses that have uncertain income streams. It provides fast and flexible cashflow when you need it. Using it sensibly can pay off. For example, you should use it when income is less steady and then as soon as business picks up, pay it off.

Many banks only charge interest on the amount that is overdrawn and some offer specific packages for new businesses. Be aware that interest rates on bank overdrafts are generally above base rates of interest.

Read the full article on the Turner Little Blog.

How Can You Protect Your Business’ Financial Future?

If you have a great business idea, which you want to turn into a start-up, you need prepare yourself for unforeseen circumstances. Bottom-line damaging factors such as financial market volatility, cyber-attacks and natural catastrophes are hard to predict, so how can you prepare your firm to weather these storms?

Turner Little asks: How can you protect your business’ financial future? 

Company Registration Agents

Company Registration

Turner Little are established Company Formation Agents, Banking Intermediaries and Business Consultants with over 25 years experience assisting clients both in the UK and Overseas.

Our ability to provide innovative corporate structures and banking facilities both in the UK and Offshore and our commitment to an excellent service level have earned us an enviable reputation.
Our specialist knowledge and broad experience enable us to assist clients with the formation of all UK company types, including Private Limited Companies, PLC, Guarantee Companies, Charity and Community Interest Companies as well as LLPs. Overseas we are able to incorporate offshore companies in a significant number of jurisdictions either through associate offices or through our own government licensed company in that jurisdiction.

Our clients are located and operate on a global basis and in a range of industrial sectors. Often they have complex business or personal taxation considerations which can benefit from our knowledge or expertise.

Offshore Company

Offshore Company

We establish and manage onshore and offshore corporate structures, trusts and other international business structures to meet the wealth protection and tax reduction objectives of our clients.

We have associate and representative offices around the world, handling our offshore formations in the most private and tax efficient jurisdictions. Our complete business packages ensure client confidentiality accompanied by tax efficiency and safe trading and our specialist corporate personnel are able to offer detailed corporate and tax information while tailoring corporate arrangements to your exact requirements.

Each of our offshore company packages are available with an offshore company bank account in jurisdictions such as Belize and Cyprus.

Offshore Company

UK Limited Company

We are able to provide a complete business solution, beginning with the formation of your UK Limited Company, through to Banking Arrangement, Business Consultancy, provision of Company Secretary and Registered Office Address and including Accountancy facility.

The UK Limited Company is the most popular type of corporate entity used in the UK today and provides owners with limited liability protection to ensure the safety of their personal cash, home and other personal assets.

All companies are available either with your own choice of name (subject to availability), or also as a ready made UK limited company.