Updated 12 May 2013
A SECOND BANKING CRISIS ?
Just as the South East Economy gains momentum, the volatile financial situation returns.
Hard on the heels of the banks getting slower & slower to agree customer requests for money ( Lloyds particularly), the bombshell of the Co-Op Bank emerges with a reported £800 million black hole !
Whilst potentially NOT as serious as the newspaper heasdlines would have us believe (although many suspect RBS has undeclared Property Loan losses of £10 billion - ouch !), it is time for SMEs to urgently review their financial facilities in case of a serious problem in the banking sector.
For those SMEs with a B2B business it would be prudent to check out as soon as possible an independent funder of Invoice Discounting for a facility: either for NOW or to reserve a facility for up to 12 months through a small monthly charge. HURRY whilst stocks last !
Please contact Avocet who will point you in the right direction.
CORPORATE FINANCE for SME OWNERS - typically 500k to £5m annual turnover
70% of our fee income is generated from Referrals, including from 3 of The Top 10 UK Accountancy Firms, 25% through enquiries from the Avocet Newsletter & 5% from Avocet Breakfast Seminars.
WHAT WE DO
BUSINESS FINANCE: arrange Invoice Discounting, Rebanking, Development Capital, Leasing
BUSINESS ADVICE: Grey Haired Advice is back ! Avocet is now part of the Government Growth Accelerator Programme offering heavily subsidised help to SME business owners
SALE OF BUSINESSES: research driven to find the right buyer prepared to pay a premium price
MBOs: the meat in the sandwich either advising a retiring Owner or the MBO Team
SHAREHOLDER DISPUTES: arbitrate & solve diiferneces of opinion in 90% of cases WITHOUT recourse to legal action
INVOICE DISCOUNTING & FACTORING
Access to Customer Facing well financed independent operators with Real Time systems (unlike NatWest/RBS !)
- Invoice Discounting Termination Clauses: helping Owners read the small print & not getting rolled over by an over agressive funder- in 2012 we have saved clients 17k !
- Have negotiated with one funder very advantageous introductory terms Draw Down by end July
- Spot Factoring of ONE invoice !!!
- FREE Information Guide on Invoice Discounting
STOP PRESS ! (12 May 2013)
CREDIT CONTROL is set to become a key issue for SMEs in 2013: Avcoet has strong contacts with
outsourced Credit Control organisations that can help at an economical cost
- MERCATOR BUSINESS OWNERS CLUB: Next Breakfast Event 25 June 2013: if interested please contact Roger for further details & to reserve your place which is FOC: HURRY ( there are only 20 places per event & they soon go!)
MAXIMISING THE VALUE OF YOUR BIGGEST PENSION ELEMENT -YOUR BUSINESS" this Award Winning Seminar Is now being presented on 18 June 2013 at The Crazy Bear Old Beaconsfield in conjunction with Calverton Finance, Machins Solicitors & Seymour Taylor Accountants: further locations planned during 2013 are Hemel Hempstead, Oxford, Reading & Stevenage This unmissable Seminar is a MUST attend for any SME Business Owner planning his Retirement Lifestyle several years ahead. Check this website for dates & venues when they are confirmed
Avocet Newsletter next issue 20 May 2013 which will include a tribute to Maraget Thatcher, another review of the Banks following the disappointing news about Co-Op Bank, & a piece on the need for professional Credit Control for SMEs, plus of course all those popular One Liners on Page 4
Avocet Information Guide on "Planning Your Business Exit" will be published shortly: please contact to reserve your copy
JUST IN: Refer to Opportunities section for latest developments
Importance of Small Businesses (defined as £1-5m t/o): in spite of providing over 14% of private sector employment & 14% of GDP by turnover (same as the City of London) this sector continues to be neglected by politicians
KEEP WELL INFORMED : telephone 01494 726173 or e mail firstname.lastname@example.org to get connected
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