Category: News

You will have noticed in the news recently that various banks and institutions are coming under scrutiny for mis-selling products to businesses. It would seem that the PPI scandal was not the end of unfair practices coming from the financial sector. It has emerged that a number of institutions have sold fairly lucrative looking loans and financial products to businesses which turned out to have hidden swap closes and undisclosed derivative products linked to them. A significant number of businesses affected by this are based in the hotel, accommodation and leisure sector. Continue reading “Accessing finance after being mis-sold loans”

For small to medium sized businesses, the last few years have been difficult. In the Bank of England’s most recent Trends in Lending report, it was stated that the growth in stock of lending to SMEs was negative in the three months leading up to February this year. However, although this may seem discouraging, there are plenty of positive signs ahead. Continue reading “Upcoming developments in business funding”

Securing finance for a hotel can be a little more difficult than it was several years ago because of the changes brought about by the global financial crisis. Lenders are willing to lend, but at the same time have become more stringent with their checks. They are ready to look into specifics about the business rather than just the property and assets. This means people seeking hospitality or marine finance need to be much more prepared if they want to secure essential mortgages or loans. Continue reading “New lending rules provide an unexpected benefit”

Owning a hotel or bed and breakfast is an attractive business prospect for many people. When running a hotel or B&B you are likely to be interacting with customers from all walks of life and from many different locations, making this a varied and interesting career choice. Continue reading “Our experience in handling funding for bed and breakfasts”

Owning a hotel, B&B or guest house can be a lucrative investment, but it does take time and commitment to become a success. There are a lot of financial and practical factors that you should consider before you make the leap. We’re here to offer advice and guidance throughout your business venture and ensure that you have all the support you need, particularly when it comes to sourcing hotel or guest house finance to get your business off the ground. Continue reading “Things to consider when opening a hotel”

It is currently a great time to enter the hospitality sector. The forecast for the year ahead is positive, with experts throughout the industry predicting continued success for hotels, guest houses and B&Bs. The continued stability of the sector forecasts high transaction numbers for the remainder of the year. Investment in the hospitality trade accounted for over 35% of European transaction volumes last year, which highlights the fact that hotels and B&B businesses have evolved into an integral aspect of a diverse property portfolio. Continue reading “A bright future for B&B investment lies ahead”

When starting an equestrian business, such as stables or a riding school, you need professional assistance with sourcing the right equestrian funding. We specialise in all aspects of business funding for the equestrian and hospitality sectors and we can provide you with the financial services required to make your dream a reality. Continue reading “Get started in the equestrian sector”

The global financial crisis was felt across all industries all around the world. The hotel sector was no different, with many investors experiencing a very difficult time. However, there was light at the end of the tunnel, and 2014 proved to be a far better year. The crisis also brought about a change in the financial landscape as lenders and investors looked to protect themselves more effectively in the future. Rather than lending based on property alone, they are now looking more at the business side of things and ensuring that enterprises will be able to maintain their cash flow and service their debt. Continue reading “Overcoming the stricter rules in the lending industry”

In the business world, the only constant is change. Every company needs to adapt to changes in order to remain relevant and to prevent their products and services from becoming obsolete. It is important for all businesses to experiment with new services, explore new markets and consistently strive to reach new customers. Continue reading “Avoiding financial crisis with restructuring”

Along with providing help with finance applications for the leisure and hospitality industry, we also offer specialist accountancy services. Financial peace of mind is something that every business owner desires, and we advise our clients that the key to the security they seek is in financial forecasting. We have a successful record of helping our clients with every aspect of their hotel, leisure or guest house finance, whether it is crucial planning or efficient management of your monthly cash flow forecast. Continue reading “Providing accomplished accountancy support”