Client Login
Apply now

Knowledge Centre

65% of SME workers feel their mental health has suffered

Posted by Todd Davison on Jan 14, 2021 8:20:56 AM
  • A survey of SME workers[i] has found that close to 2 out of 3 people (65%) have suffered from mental health issues as a direct outcome of the pandemic, with women suffering marginally more than men.

Read More

Will the Coronavirus lending schemes hinder lending in 2021?

Posted by Todd Davison on Jan 4, 2021 1:56:18 PM

While the government’s support measures have undoubtedly helped businesses with their cash flow during the Covid-19 crisis, this rescue action could impact the lending market moving into 2021 and beyond.

Read More

Personal Guarantees will be unavoidable for business owners in 2021

Posted by Todd Davison on Dec 15, 2020 7:15:00 AM
  • A Personal Guarantee will be unavoidable for many small business owners in 2021, as coffers run dry:

  • -> New COVID Loan Programme may reinstate personal guarantees
  • -> 22% of small businesses sustained by salary sacrifice or personal savings
Read More

Pandemic boosts staff loyalty in SMEs but 29% are Zoomed out

Posted by Todd Davison on Dec 9, 2020 12:00:00 PM
  • In a new survey of SME workers, by Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance, found: -
  • -> 26% say loyalty has improved 
  • -> 38% feel positive about career prospects 
  • -> 12% of bosses sacrificed salary to support business 
  • -> 29% want to kiss goodbye to Zoom 
Read More

Lo and Behold! 65% Plan to Support Small Businesses this Christmas

Posted by Todd Davison on Nov 27, 2020 3:22:18 PM

A snap survey of people working in small businesses across the UK[i] has found that 65% have made a deliberate decision to support other small businesses during the pandemic and plan to do so this Christmas as far as possible. Marginally more women than men are key advocates of local, small businesses.

Read More

What will business life look like after COVID-19?

Posted by Todd Davison on Nov 25, 2020 3:05:47 PM

With talk of a potential vaccine roll-out gathering pace, we can begin to consider what business life will look like after COVID-19. One thing’s for sure, it’s going to be markedly different from what life looked like before the pandemic, with some people dubbing the next phase the ‘new normal’.

Read More

Government Urged to Delay New Insolvency Rules

Posted by Todd Davison on Nov 16, 2020 3:00:00 PM
  • Small business owners facing failure also face increased risk of losing their home.

Read More

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

Last chance saloon for CBILS

Posted by Todd Davison on Nov 16, 2020 10:20:40 AM
  • The value of personal guarantee backed business loans to SMEs during the pandemic has risen on average by 45% according to analysis by Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance.

Read More

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

Directors responsibilities during insolvency

Posted by Todd Davison on Oct 23, 2020 10:22:41 AM

No company director wants to have to face up to the prospect of their business becoming insolvent. But directors have a duty to act in a certain way, in accordance with the relevant legislation, should their company find itself in a position where it can no longer pay its debts.

Read More

Topics: #personalguarantee, #personalguaranteeinsurance, #Directors, Insurance

Loan pull back impact on late payment

Posted by Todd Davison on Oct 6, 2020 10:01:29 AM
    1. Applications for Personal Guarantee Insurance double[i] in September 2020 as lenders pull back from emergency loans

Read More

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

Get in touch

For more information or to speak to one of our underwriters contact us today.

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