Client Login
Apply now

Knowledge Centre

Personal Guarantee Insurance - the verdict from SME business owners [INFOGRAPHIC]

Posted by Todd Davison on Sep 24, 2019 3:58:39 PM
  • We recently interviewed 500 SME business owners and here is what they had to say...

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy, #SMEs

As bad debt burden worsens for businesses, Purbeck offers SME survival tips

Posted by Todd Davison on Mar 27, 2019 4:52:06 PM

In response to rising business insolvencies and trade credit insurance payouts at their highest since 2009 - Purbeck offers SME survival tips. 

Read More

Topics: #personalguarantee, #Directors, #SMEs

A “no-deal” Brexit: Has there been a better time to consider Personal Guarantee Insurance?

Posted by Todd Davison on Feb 13, 2019 11:23:27 AM

UK Finance, the banking industry trade body, has held discussions with leading business group to discuss the provision of emergency Brexit advice to small and medium sized businesses. Part of their mission is to reassure the SME community that banks will retain the capacity to lend and not tighten the availability of credit. They also plan to outline alternative finance options available to SMEs. 

Read More

Topics: #personalguarantee, #personalguaranteeinsurance, #Directors, #SMEs

Purbeck Insurance partners with FSB Insurance Service

Posted by Todd Davison on Feb 7, 2019 3:44:16 PM

 

We are delighted to announce our partnership with FSB Insurance Service

Read More

Topics: #personalguarantee, #personalguaranteeinsurance, #Directors, #SMEs

65% of large firms take 30 days or more to pay small businesses

Posted by Todd Davison on Jan 30, 2019 5:10:09 PM

It’s often the case of David v Goliath for many small businesses when it comes to dealing with large firms and their supplier payment cycles. 

Read More

Topics: #personalguarantee, #personalguaranteeinsurance, #Directors, #SMEs

Personal Guarantee Insurance - more than just insurance

Posted by Todd Davison on Jan 21, 2019 12:27:08 PM

Personal Guarantee Insurance – it’s a simple concept.

Read More

Topics: #personalguarantee, #Directors, #SMEs

The key to credit scoring - the difference between unlocking the rate you want and the rate you settle for

Posted by Keir Cox on Oct 31, 2018 7:14:34 AM

It seems the world of finance has developed into a “computer says no” environment, both in a personal and commercial capacity, where old school underwriting and case-by-case common sense approach has been replaced by algorithms, referencing and an increasing dependence on other fintech tools to assist a decision.

Read More

Topics: #personalguarantee, #Directors, #SMEs

What every spouse or partner needs to know about personal guarantees

Posted by Todd Davison on Oct 25, 2018 6:35:49 PM

You co-signed a personal guarantee for your spouses business loan and now you’re faced with losing everything you own and bankruptcy.  How did you get to this point and was there any way you could have prevented it from happening?

Read More

Topics: #personalguarantee, #Directors, #SMEs

Should personal guarantees be recorded on personal financial statements?

Posted by Pete Faulkner on Oct 25, 2018 6:33:42 PM

International accounting standards suggest that business accounts should record guarantees based on the following conditions:

  • Guarantees are treated as provisions if a call is likely (typically numerous similar guarantees treated as a group)

  • Guarantees are treated as a contingent liability and not recorded in main accounts if a call is not likely (typically one-off guarantees)

But what about personal financial statements?

Read More

Topics: #personalguarantee, #Directors, #SMEs

Do you really need to borrow?

Posted by Keir Cox on Oct 23, 2018 9:12:20 AM

Every business needs capital to grow and a good regular cashflow is the life blood of all enterprises. Achieving that can often be more difficult and too often businesses are simply financing a bad debt hole.

Most people accept that in order to start a business it will require investment in a number of forms; money, time, energy and probably a fair degree of hope. Those funds may be readily available from external sources like banks, peer to peer lenders, friends, family, grants, even credit cards. So often the drive and vision for the new enterprise overshadows the actual monetary return on the investment and the negative impact of cashflow is felt. 

Read More

Topics: #personalguarantee, #Directors, #SMEs

Find out what UK directors understand about personal guarantees

  • Do 99% of UK directors really know what is being placed at risk when signing a personal guarantee?
  • Are directors comfortable signing personal guarantees?

    Download Survey

Subscribe Here!

Recent Posts