Monthly Archives: June 2021

Swap Bounce Back debt for employee equity, say industry experts

Originally written by Anna Jordan on Small Business
Industry leaders suggest giving struggling companies the option to convert emergency Bounce Back Loans into employee equity stakes to aid businesses recovery.
The Federation of Small Business (FSB) and Ownership at Work are today launching ‘A Shares for Debt Recovery Plan’. This outlines routes through which Bounce Back Loans could be converted into Employee Ownership Trusts to ensure the survival of businesses and help close the UK’s productivity gap.
The groups want to grant small businesses a time-limited amnesty under which Bounce Back Loans would be written off in exchange for all-employee equity stakes vested in EOTs – a vehicle defined by Schedule 37 of the 2014 Finance Act. The private lenders writing the Bounce Back lenders would write off and claim their 100 per cent guarantees in these instances.
The option would initially be open to borrowers who are constituted as companies by limited shares. It could be rolled out to other businesses at a later date.
The groups argue that providing this option to firms would have the dual effect of protecting viable businesses and jobs while spurring productivity. In 2018, the Employee Ownership Association highlighted the benefits of EOTs, especially where productivity is concerned,

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Winning The Start-Up Series – Adrian Lawson, The Preference Hub

Originally written by Small Business Team on Small Business
An increasingly common sight when you answer your front door to take delivery of an online order is the delivery person scanning your parcel with a handheld device. Or doing an inventory stocktake in a supermarket.
Businesses increasingly rely on these handheld devices to keep on top of things, but how do businesses track these critical handheld devices? What if they’re faulty? Or if they get lost?
Adrian Lawson has 25 years’ experience in mobile technology, having worked for Hewlett Packard, Honeywell and Phones4U, among others. The Preference Hub is the platform he has developed to help businesses responsible for dozens if not hundreds of handheld devices keep tabs on them.
Only launching last spring at the height of lockdown, The Preference Hub already counts Zebra Technologies and Honeywell as partners.

What is your background as a tech entrepreneur?
I’ve mainly worked in the IT and telecoms sector in a range of sales and marketing roles. Most recently, I was the MD of a tech company in Bristol. They provided managed services for organisations with large quantities of mobile devices, mainly in the retail and supply chain sectors.
‘Entering The Start-Up Series competition was really a no-brainer’
Can

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