We live in an age of economic uncertainty and many businesses are hampered by short-term cash-flow issues. This is despite projections showing that the medium- to long-term future looks assured.
One of the key catalysts to the economic downturn stemmed from the banking sector, and the level of ‘toxic’ debt taken on by banks. Bad or doubtful debts are becoming an increasing problem for banks, which are increasingly anxious about the ability of borrowers to repay what they have borrowed.
All of this means that new funding is in short supply and more expensive. It therefore becomes more important than ever to review borrowing to minimise the cost. This means not only aiming to pay the lowest rate of interest but also ensuring that any financing is structured tax efficiently…
Click on the link below to read the rest of the Winckworth Sherwood briefing.
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Briefings from Winckworth Sherwood
The community right to buy introduced by the Localism Act 2011 is based on the concept of giving local people the opportunity to take control of assets and facilities in their neighbourhoods.
If you are a building owner or manager – of any type of building – you need to ask yourself two questions well before the end of this year.