Finance

The price of gold has been volatile in recent weeks mainly due to the upcoming US Federal Open Market Committee meeting, during which a decision on the US interest rate will be made. Gold started the second full week in December dipping to a nine-month low. And it’s likely that the yellow metal will remain volatile for some time, at least until investors figure the best path following the FOMC rate decision. Given a handful of positive data regarding the...

Your company is in debt, and your main credit is the most intimidating and powerful of them all: HMRC. What can you do, as a director, if your business owes money to HMRC that it just can’t afford to pay? MGJL has helped distressed companies manage their debts (including HMRC arrears) since 2007. Over the years, they have helped numerous companies recover from dire financial situations that involved serious tax debts to HMRC. Being in debt to HMRC is a...

From high tech to heavy industry, many of the world’s most successful businesses depend on credit to survive, operate and thrive. But an increasing number of businesses are letting credit take a backseat to prepaid business cards, at least when it comes to employee spending. Prepaid business cards, like the Prepaid Mastercard offered by icount, have become a popular alternative to credit cards for many UK businesses, both small and large. Companies tout their ability to reduce fraudulent spending as...

For any business owner, the key to success is simple: knowing where your money comes from and where it goes. Whether you sell a product or offer a service, having a deep understanding of your business’ finances gives you more power to make informed, effective decisions that fuel growth and help make each quarter more successful than the last. The stronger your understanding of your business’ finances, the more capably you’ll be able to operate and grow. Enter the forensic...

The cure for the issues facing the Peer to Peer lending industry isn’t regulation, but community. By Matt Haycox Last week, the Financial Conduct Authority released their interim feedback of their review of their crowdfunding and peer to peer lending rules. And it didn’t sound good. Andrew Bailey, CEO of the Financial Conduct Authority (FCA), stated that "fast-moving, evolving" peer-to-peer (P2P) lending industry poses "some quite big challenges in terms of transparency and fairness." Following this the FCA announced that...

Yorkshire entrepreneur helps secure future of Hartlepool FC as it expands into property development Leeds entrepreneur and funding consultant Matt Haycox, a consultant for Access Commercial Finance, has helped Hartlepool football club secure funding to follow in the footsteps of Arsenal and Reading FCs - into property development. The club has outlined ambitious property and retail plans for the land currently occupied by the Mill House Leisure Centre adjacent to the 7856 capacity Victoria Park ( also known as the...

FinTech brand Imperial FX have moved into the business sector and secured the number one position for sending money to the Middle East and South America. After merging with Brazilian brand BR Money in 2015 to become Imperial FX, they have re-branded and expanded their expertise internationally to offer some of the best business exchange rates on the market. Since growing their services globally and entering new regions, they have collated a team of professional, service-orientated money experts who have...

Here's a handy business guide to Debt Finance from OakNorth Bank. Debt financing is a method of borrowing money whilst not giving up or selling off ownership of your business. The bank was created to help the UK’s growth businesses and entrepreneurs reach their potential by providing them with bespoke, no-nonsense debt finance solutions, delivered in days or weeks rather than months. 5 points to consider before applying for debt finance from banks, in the UK Featured image: Nguyen Hung Vu via Flickr -...

A report has found that the fall-out from Brexit has reduced UK household wealth, by a huge sum, in the months since the British public voted to leave the EU. The sky-high figure of £1.5 trillion was slashed from the pockets of UK citizens. The report, by Credit Suisse, also found that the number of people in the UK who have more than one million dollars has reduced by almost 15 per cent, one of the largest drops in any...