36.8% of Transport and Storage Firms are out of cash

Welcome to the first edition of "Boss in your box" in 2025. Apologies for not writing sooner, but I overslept and the dog ate the first draft.

Anyway, on with the news:-

Companies Struggling With Cash

According to ONS figures, transport and storage firms' cash reserves are the lowest of any industry sector, with 36.8% of companies saying they have no cash reserves. Looking deeper into these figures a further 12.4% of industry firms say they have less than a month's reserves left.

We can help top up those cash reserves for clients, by utilising existing vehicles, plant and machinery, we can refinance those, putting funds back into the business.

Get in touch for further information on this.

Rate Reduction

Despite everyone else keeping interest rates at the same level, once more, one of our lenders has bucked the trend and reduced theirs.

This particular lender will however only fund traditional assets, so vehicles, plant and machinery, and the minimum lend is ￡25,000 (ex. VAT), but nevertheless the rates have come down!

Combine this with one of our tailored funding structures and this could be the difference between investing for the future or just hoping that the future doesn’t turn out too bad. One client, a road maintenance company, recently saved over ￡2000 in interest alone, thanks to a combination of the rate drop and a bespoke repayment structure.

DM me, or email me at [email protected] and let me give you a comparative quote

Director’s Guarantee Insurance

"We are happy to agree the funding for you, we just need personal guarantees from the directors"

For many, hearing that last sentence can send shivers down their spine. Should their business fail, through no fault of their own, the lender can come to them personally, to enforce repayment of the debt.

This is where Personal Guarantee Insurance can help. It will cover up to 80% of the loan rather than the business owner’s home, savings and other personal assets being called on to settle the debt.

PGI is a relatively new type of insurance that offers protection against the risk of a Personal Guarantee being called in by a lender. The level of cover is a fixed percentage of the Personal Guarantee the company director wishes to insure.

Cost will vary depending on whether the debt is secured or unsecured. If your business were to fail, PGI would massively reduce the cost to directors.

We can offer Personal Guarantee Insurance both for new and existing finance agreements.

If you're looking for PGI, or you know someone who is, please get in touch.