Applications for personal guarantee backed small business loans up 50%

Headline figures: Applications for Personal Guarantee Insurance to support business funding rose 50.5% Q1 2022 vs Q1 2021 In March 2022, the number of applications doubled those received in March 2021. 35% of finance applications with a personal guarantee attached are for ‘Working Capital’ Applications for personal guarantee insurance to support funding for ‘Working Capital’ […]

Risk Management is an enabler for growth

It’s a hackneyed phrase that insurance is a necessary evil. That can’t be said about risk management. Actually, effective risk management enables your business to make better decisions, avoid the typical pitfalls and deliver on its plan. Isn’t that how we all want to manage our business? A great analogy is Formula 1. People often think […]

Grant Thornton completes hat-trick of US deals

Grant Thornton UK LLP’s Thames Valley Corporate Finance team has completed on three transactions to US private equity-backed companies within the first quarter of 2022, as activity levels continue to remain strong after a record 2021. The first of the three deals is the sale of international development consultancy IMC Worldwide, as it joins the […]

Calling It All Off: Cancellation Insurance for Festivals

With the worsening unpredictability of British weather and terrorist threats increasing, arts organisations and events companies across the country are shoring themselves up with cancellation insurance. Even if it’s a free event with no ticket revenue at stake, cancellation insurance can cover lost expenditure. Key risks include: Adverse weather for outdoor events: water-logging or high […]

PayPoint announces investment in Optus Homes

31 March, Welwyn Garden City: PayPoint has today announced a £750k investment in Optus Homes, a leading app for tenants to manage their home rental account. The deal will see the PayPoint Group make an investment in the company, building on the recently-signed commercial partnership positioning PayPoint as the preferred payment provider within the app. […]

Grant Thornton grows specialist transfer pricing team

Leading business and financial adviser Grant Thornton UK LLP has promoted Dan Zaidman to Director within its expanding South England transfer pricing team. The appointment comes at a time of significant growth for the currently ten-strong Southern transfer pricing division, which is led by Grant Thornton partner Imran Khan, with other recent appointments including two new […]

Sunak’s Spring Statement Must Support Small Businesses

Purbeck Personal Guarantee Insurance Issues Wish-List to Chancellor   March 2022: Ahead of the Chancellor’s Spring Statement on 23rd March 2022, Purbeck Personal Guarantee Insurance, the provider of personal guarantee insurance to small business owners, is urging Rishi Sunak to consider key measures to support small businesses following news that company insolvencies doubled in February[i]. […]

Financial accounting expert Pinkesh Patel promoted to Partner at Grant Thornton

Leading business and financial adviser Grant Thornton UK LLP has bolstered its Financial Accounting Advisory Services (FAAS) team by appointing Pinkesh Patel to Partner. Based in the Thames Valley, Pinkesh helps lead Grant Thornton’s 40-strong national FAAS team, which provides expert financial reporting and accounting advice as well as on-demand resource solutions to firms that […]

How to manage cyber risk when insurance is hard to get

Life science businesses are facing an increasingly challenging landscape in securing cyber insurance. Cyber-attacks are spiraling in scale, frequency and ingenuity. For example, the volume of ransomware attacks increased by 150% in 2020, while the amount paid by victims of these attacks increased more than 300% in the same period.

Small business lending back to pre-pandemic levels but demand for personal...

People with Personal Guarantee Insurance Double Year on Year March 2022: In response to the Small Business Finance Markets Report 2022 from the British Business Bank[i] which found that lending to small businesses has returned to pre-pandemic levels, Purbeck Personal Guarantee Insurance is warning the owners of small businesses that they should be under no […]

THAMES VALLEY DEALS TEAM UPBEAT AFTER ‘GREAT YEAR’

The Thames Valley region’s credentials as the ideal location for dynamic and ambitious companies to thrive will mean it will continue to attract investor interest in 2022, according to Grant Thornton UK LLP.   Reflecting on an “outstanding” 2021 for deals, Peter Jennings, Corporate Finance Partner at Grant Thornton is confident the high concentration of […]