Welcome back to WrightCFO News. We are one quarter into the year, and as we navigate the complexities of 2025, the prevailing sentiment among UK SMEs might be one of cautious optimism tempered by significant uncertainty. While many businesses anticipate turnover growth, the underlying economic and operational landscape presents substantial challenges. In this environment, merely…
As the founder of WrightCFO, I know that securing the right finance is crucial for the growth and success of the ambitious businesses we work with across the tech, media, creative industries, and not-for-profit sectors. While loans and equity investment play a vital role, grants and awards offer a unique advantage: non-repayable capital that can…
As the founder of WrightCFO, I often speak with creative entrepreneurs brimming with innovative ideas and artistic flair. You’re masters of your craft, whether it’s graphic design, filmmaking, fashion, or any other corner of the vibrant creative industries. You pour your heart and soul into your work, and your passion shines through. But when the…
Accountex London 2025 is one of the most anticipated events in the accounting and finance calendar. Each year, it brings together industry leaders, tech innovators, and thousands of professionals looking to stay ahead in a rapidly evolving field. Accountex London is at Excel, London on 14-15 May 2025. Among the top attractions at this year’s…
Running a small business is a rewarding yet demanding journey. From managing operations and employees to marketing and customer service, small business owners wear many hats. One of the most complex aspects of business management is accounting – and it’s often the area where owners face the most challenges. Accurate financial records and sound accounting…
A New Era of Trade Uncertainty On 2nd April 2025, President Donald Trump announced new tariffs impacting global trade, including the United Kingdom. This move introduces significant uncertainty for businesses, particularly SMEs with tighter margins. The tariffs include a 10% levy on imports from all countries, alongside higher “reciprocal” tariffs on nations with substantial trade…
The Growing Pain of Talent Acquisition For SMEs across the UK, the cost of building and maintaining a strong workforce is skyrocketing. Wage demands are increasing, talent is scarce, and the pressure to offer competitive benefits is relentless. This financial strain is putting immense pressure on business owners, forcing them to find innovative and cost-effective…
Welcome to this week’s edition of WrightCFO News. When we talk about a scale-up business, we often focus on the obvious: sales figures, marketing spend, and product development. But there’s a stealthy drain on your resources, a subtle yet significant cost that many scaling businesses overlook – the “Talent Gap Tax.” Imagine this: you’re a…
Welcome to this week’s WrightCFO News, where we address the financial realities faced by advertising and creative agencies. As a firm specialising in supporting the creative industries, we understand the unique pressures you navigate daily. Today, we’re tackling a pervasive issue: scope creep. The Silent Profit Killer Scope creep, that insidious expansion of project requirements…
“Five years? That’s way too long!” We hear this often when discussing exit planning. Many business owners envision a quick sale, a sudden windfall. However, a truly successful and maximised exit rarely happens overnight. At WrightCFO, we advocate for a five-year preparation window, and here’s why it’s not just a suggestion, but a necessity. And,…