Skip to main content
  • Who we help

    Our range of services are tailored to suit each business type

    If you're just starting out with a new business venture or if you already have an established business, we can help.

    Our accountants are very experienced in helping new businesses grow and also using their accounting expertise to help established organisations. We also have a history of working with contractors and freelancers, helping them through the year with business accounting and advice. Review some of our case studies here

    No matter the size of your business; an individual sole trader or a limited company with employees, we have an accounting service just for you.

  • What we help with

    For all your tax and accounting affairs, we have it covered.

    Let our accountants take care of your business accounting, giving you more time to concentrate on growing and running your business.

    We provide all of the services necessary to handle the accounting and taxation requirements for your business. Our accounting services include: Bookkeeping, Payroll, Tax Returns, VAT and Accounts Production. All the services you will ever need under one roof.

    We also provide unlimited business accounting support throughout the year, you will always have access to your dedicated accountant whenever you need it.

  • Newsletter sign up

    Get the latest info from us

Survey reveals increased number risk homes to secure business funding

terrah-holly-16329

A survey carried out by borro.co.uk reveals that an increased number of small business owners are willing to risk their home to ensure the survival of their business. More than 10 percent of the 300 directors and owners of Small and Medium Enterprises said they would risk their home to save their business.

The research also revealed that 33 percent would put their home forward as collateral for a business loan if they were facing severe difficulties, like not being able to pay employees or problems with cash flow. The research shows that there are almost as many business owners applying for a secured loan as there are applying for an overdraft facility or unsecured loan. This may be a result of the lending criteria by banks becoming much tougher in the face of economic difficulties.

CEO of borro, Paul Aitken said:

“It’s surprising to see that as many small business owners would consider applying for a secured loan as would apply for an unsecured loan or an overdraft, a sign that as banks continue to make it hard to access unsecured lending facilities, so those that require property as security become the next thing to turn to.”

Almost a quarter of the respondents believe they have missed opportunities for growth due to not being able to secure business finance, while 67 percent believe that criteria for lending should be relaxed by the banks. Just over a quarter of business owners are looking at other ways to obtain finance, using personal possessions like antiques, jewellery and cars to secure business funding.

Leave a Reply

You must be logged in to post a comment.

Watch our three minute video to learn more about us

 
AAT Logo ACCA Logo Direct Debit Logo ICPA Logo ICO Logo