Improving Cashflow

A guide to maintaining a healthy balance between money coming in and out of your business. If your business does not have a steady stream of money flowing into it, you will be unlikely to be a going concern in 12 months. On the other hand, every business will have regular costs that they have […]


Exporting for small businesses

How to sell goods and services overseas for beginners. Internationalising your client base can be an intimidating prospect for small business owners with no experience in trading overseas. Depending on your sector and your export destinations, deciding to sell products and services abroad can increase your expenditure, consume your time, and introduce new regulatory and […]


Raising finance for small businesses

Raising finance is a crucial but challenging aspect of running a successful business, whether you’re launching a start-up or looking to expand your operations. You can have the best product in the world, a solid business plan and a comprehensive marketing strategy, but if you can’t access the necessary finance success will be much harder […]


What to consider when starting a business

Last year 608,110 businesses were incorporated according to data from Companies House. This is a year-on-year increase of 26,937 on the 581,173 businesses started in 2014. However, figures from the Office for National Statistics show that 55% of new businesses fail within 5 years. In order to avoid becoming part of this statistic, it is […]


How to be more successful in business

What do we mean by “successful”? – you may have your own ideas but most people would agree on at least three things they want: More profit More fun (and less hassle) More life (less time at work!) Below are a few ideas to help you achieve these: Identify and systematically measure everything that matters […]


Is your business eligible for R&D Funding or Tax Relief?

Many UK businesses are undertaking activities that they don’t even realise fall into the category of research and development. There are a significant number of funds aimed at supporting forthcoming projects as well as tax relief on work or projects that may have already been done or are currently underway. Westbury have partnered with T4C […]


What do I need to submit to HMRC and Companies House?

Whether you are legally obliged to have an audit or not, annual reporting requirements are not optional. They are required by law and failure to submit them to the deadline can result in harsh penalties. Size matters The amount of information you have to submit depends on the size of your business. There are effectively […]


How to get your customers to remain customers for longer

Research shows that it costs a business typically 6 or 7 times more to get a new customer than it does to keep an existing customer. After all, advertising and direct mail are rarely free – and neither is employing a sales force. Why customers don’t come back Research shows that for the average UK […]