We have feedback from clients and professional contacts that some banks and other lenders are currently reviewing the terms of their factoring and invoice discounting facilities.
We have feedback from clients and professional contacts that some banks and other lenders are currently reviewing the terms of their factoring and invoice discounting facilities.
Whilst it’s an understatement to say how strange our world of work has been over the past 12 months, we’re now seeing consistent evidence of activity levels on the rise. Good news indeed for our SME community.
To all our readers who have not ventured into London recently, I can tell you that it’s still quiet, too quiet – well it certainly is in the Holborn area and surrounds.
On Sunday, all of us expect to hear the government’s strategy to ease lockdown restrictions. So far this week we have been offered a slow drip of hints and comments as to what life will be like at the workplace when we are able to return.
This week the government announced a £1.25bn package for innovative small businesses. The package, which will be launched in May, includes the Future Fund, offering loans between £125,000 and £5 million if matched by funding from private investors.
Due to the escalating national and global impact of the Coronavirus (COVID-19) outbreak, we know that the weeks and months ahead are going to be super tough for so many businesses.
Our client was a New York production company with a big name gleaned from running 16 different productions in the Immersion Theatre/Gaming sector. The company was a producer for Broadway’s Moulin Rouge, West End Fame and International Touring productions of Fame and Rock of Ages.
Our client came to us for consultancy work in the development of their new immersion theatre site in the West End with a brand-new, purpose-built theatre, featuring ‘the most themed environment London has ever seen’. This followed the success of their first immersive horror show in Times Square, Which Forbes remarked that he “had a gift for giving others nightmares”. The company utilised a cast of actors to deliver a scripted narrative in a way that seemed spontaneous and out of control, and created an environment that was completely immersive. They also provided a bar experience, with five strategically placed bars around the maze, as well as a 1,200-capacity nightclub with world class cocktail and food experiences available after you had finished the game.
The entire production was capitalised at £1.74m, and with BYC’s help they raised £1.1min capital. Our client signed sponsorship deals with Coca Cola and Heineken, the site was completed significantly under budget and advance ticket sales were higher than anticipated. After a successful opening and plenty of media attention, the site was unfortunately forced to close due to Covid. The production company continues to develop their brand in Broadway and across the USA.
We are delighted to report that B Y Loans, a sister company to Beer & Young, has been shortlisted for the 2020 Business Moneyfacts Awards.
Welcome to our seasonal newspiece. Whilst it’s an understatement to say there is a level of uncertainty in the market at present, there are positive aspects within our sector to talk about.
Are you looking to use your wealth of commercial experience to move into a flexible, self-employed, home-based role?
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