0800 9774833


Avoid being stung by rising business costs with this single solution


In the wake of last week’s budget, it may feel as though the Government did not have the best interests of our small business community in mind, particularly when deciding to hike business rates and increase National Insurance Contributions for the self-employed.

Together with the looming uncertainty of Brexit and inflation at its highest level since July 2014 – recorded at 1.6% in December 2016 – the prices of everyday goods and services have been pushed up, not to mention the national living wage coming into effect later this year. It’s fair to say small businesses are definitely feeling the pinch.

However, in an era of gloom, there are other ways to improve margins that don’t involve passing on costs to your customers, perhaps your most valuable asset. For instance, when was the last time you benchmarked your suppliers? Not only your utility and energy providers, but your printing suppliers, stationery suppliers, recruitment agencies and even your finance provider.

Getting the best deal for your business 

Though your current suppliers might once have offered the best value on the market, this can easily change, so it’s important to review your current arrangements regularly, as an integral part of improving cash flow.

A crucial part of this process is reviewing any external funding you might have, and the provider, in terms of the flexibility, cost and level of service it provides. Doing this regularly can benefit your business and put you ahead of the rest. Read more about benchmarking here…

For example, you may find that the overdraft you might have in place is proving restrictive. Invoice finance, for instance, allows businesses to maintain a healthy cash flow by releasing cash against new invoices as they are raised. By being able to access up to 90% of its value just 24 hours after its issue, early settlement discounts could be secured with suppliers to increase those margins even further.

Find greener grass

At Hilton-Baird Financial Solutions, we are pleased to have helped a number of businesses to successfully secure funding solutions which are more suited to their business model and provide additional benefits that might not have been available from more traditional products. Click here to read how we helped this client successfully secure a better suited solution to their funding needs, by using our knowledge of the market to introduce the best possible options available, saving them time they could spend furthering the success of their business.

Ultimately, these price increases shouldn’t lead to businesses burying their heads in the sand and viewing it as another threat. Instead, it could be the catalyst to better rates being secured.

If you would like to learn more about how our benchmarking service can help you, call our team today on 0800 9774833 or get an instant quote to find out how much your cash flow could be improved.


Some of the funders we work with

  • Regency Factors
  • Gener8 Finance
  • Pulse Cashflow Finance
  • Investec
  • Secure Trust Bank
  • Trade Finance Partners
  • Shawbrook Business Credit
  • Spotcap
  • Roma Finance
  • iwoca
  • IGF Invoice Finance
  • Barclays
  • Merchant Money
  • 1pm
  • Skipton Business Finance
  • Woodsford Tradebridge
  • Santander Corporate & Commercial
  • 4Syte
  • Positive Cashflow Finance
  • GapCap Cashflow Finance
  • Aldermore Invoice Finance
  • Giant
  • Leumi ABL
  • Innovation Finance
  • ABN AMRO Commercial Finance
  • Catalyst Finance
  • Close Brothers Invoice Finance
  • Davenham Asset Finance
  • Asset Advantage
  • PNC Business Credit
  • MarketFinance
  • Ultimate Finance Group
  • Team Factors
  • InvoCap
  • Bibby Financial Services
  • Nucleus Commercial Finance
  • Haydock Finance Ltd
  • Creative Capital
  • Calverton Finance
  • Metro Bank SME Finance
  • Royal Bank of Scotland
  • Boost Capital
  • inFund
  • Lloyds Bank Commercial Finance
  • Partnership Invoice Finance
  • Davenham Trade Finance
  • Berkeley Trade Finance Ltd
  • Peak Cashflow

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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