Finance Director

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.

Geoff features in the latest edition of Northern Insight and continues his assessment of business in the crisis. 

Kingsmere Finance's Managing Director, Geoff Maclauchlan has been appointed as a member of the North of Tyne Rural Business Growth Fund Investment Board. He has also been appointed as a Technical Specialist for the North of Tyne Rural Business Growth Service (RBGS). The RBGS is a £7.896m project to support micro and SME businesses based in the rural areas of the North of Tyne Combined Authority.

As many businesses are impacted by a second wave of coronavirus restrictions, Managing Director, Geoff Maclauchlan explains in his latest video what business owners and managers should be thinking about now.

In May, Geoff Maclauchlan recorded a video providing tips for survival and what businesses need to think about in response to COVID-19. 

According to the Institute of Directors (IoD):

“The finance director is often viewed as the member of the board who creates a solid foundation upon which a business can grow.”

My name is Geoff Maclauchlan and I’m the Managing Director of Kingsmere Finance Directors Ltd. As an experienced senior Finance Director, I help businesses grow by improving financial stability, efficiency and profitability.