Articles, insights and expert commentary covering Finance in the UK.
An overdraft is a short-term borrowing method through your current account. You go into debt when you use your arranged or unarranged overdraft, as you are borrowing from…
An overdraft allows a person or business to borrow money through a current account when the balance falls below zero. The bank may agree a borrowing limit in…
Welcome to our guide on the hourly rates for self-employed cleaners in the UK. Whether you’re looking for a cleaner for your home or business, understanding the average…
A statement of profit and loss, also known as an income statement, is a primary financial statement used by small business owners to assess their financial status. It…
Government funded driving instructor training is available in parts of the UK, but not through one nationwide scheme. Instead, you can access funding through local employability programmes, adult…
Welcome to our comprehensive guide on net profit. In this article, we will provide a clear understanding of net profit, its definition, how to calculate it, the importance…
Profit margin shows how much profit a business retains from its sales. To calculate it, divide the relevant profit figure by revenue and multiply the result by 100.…
It is possible to get a business loan with bad credit in the UK, although the interest rate may be higher and the lender may request security or…
How do you become VAT registered in the UK? In most cases, you become VAT registered by applying to HMRC once your taxable turnover exceeds £90,000 in a…
Knowing how to work out the break-even point can help a business understand how much it needs to sell before it begins making a profit. It is particularly…