New Businesses
Our firm can help you to start your new business or expand your
existing business.
Both David Hedge and Colin Young have successfully run their own
businesses outside financial services. We know some of the difficulties
and potential pitfalls, and more importantly, appreciate the sheer
hard work needed to establish a successful enterprise. WE KNOW,
because we’ve been there!
New businesses need finance and to obtain this on the best terms
we can produce a professional business plan to present to lenders.
The business plan demonstrates the potential viability of the proposal
to the lender. Perhaps more crucially, the business plan helps to
provide you with the assurance that project you are proposing can
be profitable.
Preparation of the business plan should
also highlight any potential pitfalls, and
how these would be overcome or avoided.
By having an external examination of your
plans, omissions and errors that might jeopardise
the enterprise might be avoided. Careful
consideration should also calculate the
level of borrowing and type of financing
that will be needed in the early years.
We assist the self-employed, partnerships and limited companies,
and can advise you of the most appropriate structure for your business.
Existing Businesses
Many businesses wish to expand.
To do this, finance is generally required, and various options are
available:
Banks
Banks are the traditional providers of business finance.
The bank will assess the risk involved and the security
offered and set their interest rate and other terms
accordingly.
To assess this properly, they need a clear and rational
explanation of what the money will be used for. We
can often interpret your ideas most effectively, perhaps
vetting the application prior to submission and providing
advice
based on our experience.
Generally the best terms can be obtained from your
existing bankers, but occasionally another lender can
offer more
flexible or even cheaper terms.
Where security is insufficient for a bank to lend,
use might be made of the Department of Trade and Industry’s
Loan Guarantee Scheme. We have arranged finance for
a number of businesses on this basis.
Outside Investors
Occasionally finance is needed for projects that
are too risky for a bank’s consideration, or
the security the bank requires is insufficient. External
investors
can use the tax advantages of Enterprise Investment
Schemes (EIS) to their benefit, and yours. We have
successfully
arranged finance under the Scheme for a number of
companies
and investors.
Larger companies requiring development capital may
benefit from external investors within a Venture
Capital Trust
(VCT), and we have links to a number of VCT managers. Whatever your needs, our team is here to help and
advise.
| The advice and/or guidance contained within this website is subject to
the UK regulatory regime and is therefore restricted to consumers based
in the UK. Past performance is not necessarily a guide to the
future. The value of investments and the income from them may fall as well
as rise and you may not get back the amount you invest. Your home
is at risk if you do not keep up repayments on a mortgage or other loan
secured on it. |
Hedgelands Financial Services Ltd, Hedgelands,
Abbotskerswell, Newton Abbot, TQ12 5PW
|
