Stef’s market overview – November 2024

The Budget is behind us – now onto the Christmas rush!

Every year, we see a surge of last-minute working capital requests just before Christmas. In fact, last year we received one on 23rd December for £100K! While we’ll always do our best to help, lenders will also have reduced staffing over the holidays, which can mean delays.

If you’re considering extra working capital before the festive season, now is the time to act. Reach out to us to explore offers in principle before the Christmas madness kicks in.

On another note, a quick market update: lenders are increasingly asking for formal Time to Pay (TTP) agreements with HMRC before releasing funds. If you’re behind with payments, don’t worry. We work with a panel of trusted advisors who can support you.

Let’s get ahead of the rush and keep your business moving smoothly into the New Year!