MANAGE THE BEST RATES IN THE MARKET

KEN CARSON Independent Mortgage and Protection Specialist – Continuum
(in association with Alexander Marshall)

Are you managing your business cash effectively?

Most business owners focus on their daily tasks to manage
sales, minimise costs and ensure that the business makes
satisfactory levels of profits each year.

Usually, checking the business bank accounts is to ensure
that there is sufficient to pay the next 3 months costs, without a thought of the rate that the account is receiving.

Now it’s time to start looking at how you can manage your
business cash more effectively.

Managing your costs

If you don’t keep your costs under control, you can soon find
that cash-flow is an issue and that the bills are due.

Monthly Budgeting

You can avoid a financial meltdown by setting and sticking to
a monthly business budget, with all expenditure forecast and
set against income. This is becoming increasingly straight
forward to monitor if businesses use a cloud-accounting
package, such as Xero or Quickbooks. These packages
immediately show your management accounts to monitor
your sales and expenses.

Managing Business Cash – Protecting the Money

As the business begins to make more profits and the
business bank account increases, it is important to review
where this money is invested.

IF YOUR ACCOUNT INCREASES ABOVE £85,000, THE
ACCOUNT WILL NOT BE FULLY PROTECTED UNDER
THE FINANCIAL SERVICES COMPENSATION SCHEME.
THIS ONLY PROTECTS THE FIRST £85,000 WITH A
BANKING INSTITUTION.

In order to maintain your full protection, you would need to
put monies in other banking institutions, being careful not to
choose another bank using the same licence e.g. Halifax and
Bank of Scotland use the same licence. If you are not sure how
to deal with this, please contact Continuum for assistance.

Managing Business Cash – Upgrading your Rates

Many business current and savings account rates are paying
either zero interest, or a fraction above. There is an
opportunity to obtain increased rates of interest on your
business cash without having to tie up the money for long
periods of time. The rates available for instant access, or 1 or 2
year fixed terms can often increase the rates by 1% or 2%,
putting more money into your accounts.

At Continuum we know the market, and we provide individual
consultations where we can show you more ways to get your
cash working harder for you.

TO FIND OUT MORE ABOUT A BESPOKE SAVINGS OR
INVESTMENT PLAN, CALL OR EMAIL US NOW, AS WE
HAVE AN ONLINE TOOL TO REVIEW AND COMPARE
THE RETURNS.

The Financial Conduct Authority does not regulate deposit accounts.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Conduct Authority does not regulate taxation & trust advice and will writing.
The value of investments can fall as well as rise. You may get back less than you invested.

FOR A FREE INITIAL CONSULTATION CONTACT
Ken Carson
T: 0345 643 0770 E: wealth@mycontinuum.co.uk
http://www.mycontinuum.co.uk

Continuum (Financial Services) LLP, Falcon House, Eagle Road, Langage, Plymouth, PL7 5JY
T: +44 (0)345 643 0770 E: info@mycontinuum.co.uk http://www.mycontinuum.co.uk
Continuum (Financial) Services LLP is a Limited Liability Partnership. Company registration number OC393363. Registered in England & Wales.
Registered address: As above. Continuum is a trading name of Continuum (Financial Services) LLP Falcon House, Eagle Road, Langage, Plymouth, PL7 5JY which is
authorised and regulated by the Financial Conduct Authority

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