How to Prepare Your Business for a Changing Financial Landscape

The Budget presented a bold vision for long term growth, but the political and economic reaction has been divided. Labour says their plan will boost confidence. The Conservatives warn of economic risk. Kemi Badenoch stressed that many SMEs are still recovering from the last few years and cannot absorb more financial pressure.

This means preparation is more important than ever. Lenders want evidence of strength. They want to see that businesses understand the risks and opportunities of the current environment.

A retailer recently secured a revolving credit facility because they presented updated accounts, detailed seasonal forecasts and a clear plan for using the funds. A competing retailer was declined because their forecasts did not reflect rising utility and staff costs, something both lenders and opposition politicians have highlighted as a concern.

Your ability to secure finance now depends less on political promises and more on your financial clarity.

If you want help preparing for finance in a shifting political climate, email pa@otiumpartners.com.