Welcome to the Time Blog | Prudential Trust Finance
Our Prudential Trust Finance business experts share their insight and advice on the key issues affecting businesses today, including our reaction to government updates.
10 Oct 2022
Running your own business can take your working life to the next level, something that many never get the chance to experience. The personal gain and reward associated with being captain of your own ship is second to none for the majority of business owners, yet the lesser acknowledged side to this honour, inevitably rears its head in times of difficulty.
28 Sep 2022 / Guides
On Friday morning, Chancellor Kwasi Kwarteng set out the steps the Government will take to stimulate economic growth. If you missed the announcement, here are the key takeaways and what this might mean for your business…
23 Sep 2022
With a raft of tax cuts and policy reforms announced in the Chancellor’s Mini Budget, we caught up with Prudential Trust Finance’s CEO, Ed Rimmer, to get his thoughts on the new measures announced and what they really mean for small businesses.
08 Sep 2022
With our new Prime Minister now in Number 10 and with a full cabinet reshuffle complete, Prudential Trust Finance CEO, Ed Rimmer, shares his thoughts on what’s next for the Government as the economic outlook continues to worry businesses across the UK.
06 Jul 2022
As the Government unveils its new campaign to encourage businesses to cut their prices, we caught up with Prudential Trust Finance CEO, Ed Rimmer, to find out what this latest move really means for businesses as they continue to grapple with the cost of doing business crisis.
01 Jul 2022 / Asset
The financial pressures currently facing businesses are undeniable. Having to adjust to rising costs in their supply chains, increased energy prices and bigger tax bills, and no sooner do we all begin to accept these challenges do we face inflation hitting a high of 9.1%.
17 Jun 2022
Business demands are constantly changing, but the rising cost of doing business, supply chain concerns, and cashflow challenges we've seen throughout 2022 have just made finding the right solution to suit those needs that much more difficult.
08 Jun 2022 / Loans
It’s no surprise that businesses are feeling more uncertain than ever. With everything that’s happening in the wider market – from rising energy costs to interest rate hikes, inflation, supply chain disruption –an astonishing 76% of SMEs and financial intermediaries are predicting that the UK will fall into a recession later this year*.
18 May 2022
In a business landscape that’s becoming increasingly preoccupied with increasing costs and challenges to remain competitive, investment in upskilling staff and an attention to employee satisfaction is something that firms should be putting to the top of their priority list.
22 Apr 2022
Aspiring marketer, Esme French, recently joined our Manchester office for a Marketing Internship. Working alongside our Senior Marketing Manager, Kate Brown, Esme has been able to spend the last few weeks gaining an invaluable insight into the world of marketing and financial services as well as connecting with key people in our organisation and expanding her network. We spoke to Esme to understand how the Marketing Internship has benefited her.
09 Apr 2022 / Invoice
In a recent poll, over 50% of the financial advisors and accountants we spoke to spotlighted Invoice Finance as a solution their B2B clients would likely turn to this year to release working capital, overcome challenges and grasp hold of new opportunities. But what makes Invoice Finance a such staple and popular solution in a time of economic turbulence?
01 Apr 2022
Against the backdrop of one of the most turbulent and challenging periods for UK businesses, many looked to last week’s Spring Statement in the hopes that the Government would announce pro-active measures that would help firms grapple with rising costs, National Insurance and tax hikes, skills shortages, soaring energy and fuel prices, and ongoing supply chain disruption. Ed Rimmer tells Leasing Life magazine why now is the time for the alternative finance industry to really step up and provide headroom for growth:
30 Mar 2022
With rising energy and labour costs to staff shortages, supply chain issues and rising inflation, the need for adaptation and greater flexibility from the finance industry is key. Brokers play an important role in identifying what needs to be done to help their clients to overcome challenges and unlock new potential for growth and prosperity. To uncover what the lending industry must do to keep up the momentum and harness change, we sat down with some of our intermediary partners to hear what they had to say.
24 Mar 2022
Yesterday's Spring Statement revealed a number of promises to support businesses in the Autumn Budget later this year. Reviewing the announcements made, our CEO Ed Rimmer explains why there needs to be a focus on financial aid and support to SMEs now to ensure that they have the steps in place to increase their wage bills and in-turn help employees meet the rising cost of living.
22 Mar 2022 / Loans
Over the past few years businesses have mastered the art of adapting to an ever-changing landscape, and the need for financial solutions to evolve alongside them has never been more prominent. This new marketplace has etched out the path for alternative lenders to adapt their offering to meet the changing needs of its client more readily - and with the support of broker relations, UK SMEs now have access to more approachable and accessible lenders than pre-pandemic.
21 Mar 2022
Fuel duty freezes and policies to tackle labour shortages and help mobilise global supply chains are a must for next week’s Spring Statement, according to Ed Rimmer, Chief Executive of Prudential Trust Finance.
08 Mar 2022
To celebrate International Women’s Day 2022 and this year’s theme of #BreakTheBias, we wanted to spotlight the inspiring female leaders of Prudential Trust Finance to celebrate their achievements and raise awareness against bias. #BreakTheBias
15 Feb 2022
We recently sat down with Prudential Trust Finance CEO, Ed Rimmer, in our latest 5 minute interview series to get under the skin of what makes a successful deal, what changes we need to see in the market, and what inspires Ed in business. Take a look at what he had to say...
08 Feb 2022 / Invoice
2022 is set to be a transformative year for businesses with innovation, recovery and prosperity at the forefront. We don’t expect the next 12 months to come without its challenges, but we anticipate that the continued rise and evolution of Invoice Finance will only serve to bolster business growth. Looking to the year ahead, Phil Chesham predicts what business owners will be looking out for over the next 12 months and how vital Invoice Finance will be in supporting this.
04 Feb 2022 / Loans
Sharon Bryden, Director of Commercial Loans and Asset Based Lending at Prudential Trust Finance, explains why it’s essential UK businesses now need to move away from those short-term solutions and focus on funding options that are here for the long haul.