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Part Time Finance Director

The End is in Sight, but Businesses Need to be Cautious

Featured in the latest edition of Northern Insight, Geoff provides an update on the current situation for business owners and what they should be looking out for as Coronavirus restrictions ease.

Where we’re at…

With light at the end of the tunnel, hopefully some form of normality will resume leading to an upsurge of spending and increased commercial
activity.

The furlough scheme is due to end on 30 September and loans provided at the beginning of the pandemic are now having to be repaid. As there are still uncertainties ahead, it would be sensible for businesses not to repay loans early, instead keeping cash reserves for unexpected challenges, whilst ensuring that repayments are made as scheduled.

Kingsmere Finance Directors have helped my business with planning and forecasting. Geoff is excellent at communicating and keeping me updated. An overall helpful experience.

Ceramics Designer

Kingsmere Finance Directors have provided me with an excellent, adaptive service. Geoff has helped my business by increasing our awareness of financial options and assisting with strategic financial planning. He is great at listening, suggesting solutions and financial planning.

Vintage Retailer