The Treasury have announced new Coronavirus Large Business Interruption Loan Scheme (CLBILS) for larger businesses excluded from the CBILS. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. Loans backed by a guarantee under CLBILS will be offered at commerci ...

Updated 3 April 2020 Welcome changes to the CBILS have been announced by HM Treasury. Those that can access the scheme The restriction that CBILS was not available to a business if a lender could offer finance on “normal commercial terms” has been removed. Specifically a business no longer has to demonstrate that it has insufficient security (business and personal) to access ...

Updated 2 April 2020 It has been a mess so far. The Treasury are due to announce changes to the scheme this week. They cannot come soon enough. Who is the British Business Bank? The British Business Bank has the responsibility for operating CBILS. From the website it describes itself as: A government-owned business development bank dedicated to making finance markets work ...

Updated 1st April 2020 Download PDF for further information To state the obvious, it is more important than ever to understand and manage the cash flow of your business. We appreciate that many businesses will have already taken these steps, are currently juggling and making difficult decisions. Much is common sense but we hope that you will find it of help. Cash is king Th ...

Updated 1st April 2020 During these unprecedented times it is likely that many companies will be faced with potential problems and scenarios that are out of the norm. We here at Ward Williams have an experienced team with a wide range of knowledge capable of guiding you through any potential pitfalls that may arise. Many companies will have experienced a sudden drop in cash f ...