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Contents

https://www.biba2017.co.uk/exhibitors/keys-premium-finance 

http://www.aiaworldwide.com/keys-fee-finance

https://www.icas.com/ca-today-news/guide-to-premium-finance-for-business-growth

https://www.icas.com/member-benefits/keys-finance-fee-plan-finance


 We would like to introduce our newest employee James Holland, welcome to our Team! It is a pleasure to welcome you to the staff of Keys Premium Finance Ltd. We are excited to have you join our team, and we hope that you will enjoy working with our company.


 

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    KEYS FEE FINANCE

    AIA is pleased to announce a new partnership with Keys Finance to provide a Next–Day Fee Funding solution for members requiring Fee Plan Finance.

    Fee Funding is an effective method to collect your fees in full, while offering clients a flexible monthly repayment option.

    You can use your AIA facility to engage new clients, fund work completed with agreed invoice values, project work, tax strategy and corporate finance planning as well as for aged debt where client payments have not been made in advance.

    Our facility guarantees payment of all fees back to your practice by Next Day Funding. Other fee finance providers have a repayment cycle of 10 – 20 days. This efficient payment process will significantly improve your own cash–flow. We provide repayment options of 2 – 10 months giving total budgetary flexibility to the client, whilst your practice is guaranteed 100% of the fee invoice value by Next–Day electronic funding.

    AIA Member Offer

  • Guaranteed payment of all fees by next day electronic transfer
  • Full client flexibility – choose from 2–10 monthly instalments
  • “Interest free” credit option available
  • Significant improvement in practice cash flow
  • On hand solution at point of invoicing client
  • Enhanced credit control; reduced administration
  • Improved client payment behaviour
  • Keys Finance is based in Belfast and specialises in the provision of accountancy fee finance and commercial insurance premium finance, across both the UK and Ireland. 

    We have an efficient and experienced team of finance experts. We do not operate in a call centre environment and we encourage our team to be individuals, so if you ever need to discuss an issue or a new opportunity then you will always be able to hold open, honest and personal dialogue with us.

    Proactive. Responsive. Proven

    To find out more and discuss your AIA Fee Finance Facility, please contact:–

    For UK mainland – Craig Leathley, Sales Director on 07826 686768 or e–mail craig@keysfinance.co.uk

    For Northern Ireland and Republic of Ireland  – Gail Cross, Business Development Manager on 00 44 (0)7989 572915 or e–mail gail@keysfinance.co.uk

     


     

    Guide to premium finance for business growth

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      By Owen Graham, Managing Director of Keys Premium Finance

      24 March 2017

      Owen Graham, Managing Director at Keys Premium Finance, discusses how premium finance can benefit business looking for alternative funding options.

      The role of accountants in guiding UK business growth has grown exponentially, and when it comes to funding and managing cashflow there are a number of solutions which can benefit both large firms and small businesses alike. An often overlooked solution is premium finance.

      In the UK, the insurance premium finance market is estimated to be worth over £8.5 billion per year – increasing in line with the general insurance market to £11.6 billion per year over the next five years. Some insurance policies are regarded as mandatory or “must have” products. Most businesses cannot generally operate without insurance, and having a financing solution specifically for this mandatory business cost can be very useful –  particularly for small business and start–ups often struggling with cashflow.

      The rise of premium finance

      Premium finance has been available to business for many years, yet not all business owners and accountants are aware of how it can benefit them.

      Where cashflow can be an issue, with premium finance businesses can profit from a funding source that doesn’t affect their existing working capital facilities, banking facilities, or asset financing lines, leaving existing capital to be invested elsewhere.

      For a business operating within a high insurance risk industry, where insurance costs form a significant percentage of turnover, covering the cost of a premium in low–cost instalments is a practical solution.

      Overall, Premium Finance should form an essential element of a business’s overall funding suite and sits comfortably alongside asset finance, invoice discounting, property finance, and overdrafts.

      Advantages of premium finance

      One of the main advantages premium finance can bring for businesses is the ability to accurately predict their cash flow, as it coincides with monthly income. However, premium finance isn’t just about spreading the cost of accountancy fees for accountancy clients – simplicity, security, and low transactional costs are all key to the success of this funding solution.

      New start–ups often find that cashflow and the ability to raise capital can be a difficult task – the premium finance industry however has embraced the spirit of small businesses and Premium Finance brings benefits to SME’s and larger business alike. It is a stand–alone, niche, working capital product that business can avail of irrespective of size.

      Existing lending and securities provided to mainstream lenders are not affected, and it is a relatively in–expensive form of finance, that will compliment a business’s existing funding lines rather than replacing them or using them up.

      Simplicity

      Insurers will often have their own ‘in–house’ financing schemes, however, most businesses will have multiple covers with multiple insurers, so it often makes more sense for businesses to finance their various covers through a third–party financier, and pay one direct debit a month rather than have several direct debits coming out on different dates and over different timescales.

      Security

      Another advantage of premium financing is that no security is taken to secure the facility other than the security provided by the insurance cover itself, leaving other business assets unencumbered, and without requirement for additional personal security to be taken.

      Low transactional costs

      Premium financing is usually written on a running account basis, allowing for renewals and mid– term adjustments to be accommodated using an existing facility without the need for a new finance line to be set up every time an insurance cost is incurred. Low transactional costs, mean that premium financing is a relatively inexpensive form of finance, and significant ‘up–front’ documentation fees or facility fees commonly found in other forms of finance are not charged.

      There are alternatives to premium finance, however, solutions such as funding the premium via an insurer in house scheme can be restrictive and lead to multiple policies.

      Why not check with your clients how their insurance costs are funded, and whether their cash flow could be benefitted by a premium financing arrangement.

      About the author

      Owen specialises in Insurance Premium Finance and Accountancy Fee finance. He was responsible for the development and evolution of these products for Keys Premium Finance. Owen graduated with a BSSc in Economics from Queens University Belfast.

      About the company

      Keys Premium Finance are an independent finance house based in Belfast and have been successfully transacting Premium Finance and Professional Fee Finance for over 25 years. Keys Premium Finance primarily work with Insurance Intermediaries and Accountants throughout the UK & Ireland.

      Our team of experts have a wealth of finance and insurance experience, which allows us to deliver positive solutions to you and your clients.

       


       

      We would like to introduce our newest employee Gail Cross CERT CII. Welcome to our Team!

      It is a pleasure to welcome you to the staff of Keys Premium Finance Ltd. We are excited to have you join our team, and we hope that you will enjoy working with our company.

       


       

       

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      icas

      https://www.icas.com/member-benefits/keys-finance-fee-plan-finance

      ICAS is pleased to announce a new partnership with Keys Finance to provide special terms for members requiring practice fee plan finance.

      Keys Finance provides UK accountants with the quickest and most efficient fee finance product by guaranteeing payment of all fees by next day electronic transfer. 

      This will deliver a significant improvement to your own practice cash–flow. Other funders have a repayment cycle of 10+ days.

      Fee Funding is an effective method to collect your fees in full, while offering clients a flexible monthly repayment option. The facility can be used to fund work completed, work with agreed invoice values, part–invoices, special project work and for aged debt where client payments have not been made in advance.

      ICAS member offer

      • Guaranteed payment of all fees by next day electronic transfer
      • Full client flexibility – choose from 2–10 monthly instalments
      • “Interest free” credit option available
      • Significant improvement in practice cash flow
      • On hand solution at point of invoicing client
      • Enhanced credit control; reduced administration
      • Improved client payment behaviour

      Keys Finance is based in Belfast and specialises in the provision of accountancy fee finance and commercial insurance premium finance, across both the UK and Ireland. 

      We have an efficient team of finance experts and 25 years’ trading experience. Our ethos is to provide you with direct access to a team of like–minded professionals to complement your practice whilst delivering a first class fee finance experience to your clients. You will always be able to hold personal dialogue with one of our dedicated team to discuss your clients’ fee finance or premium finance requirements.

      To find out more and discuss your ICAS fee finance facility, please contact Craig Leathley, Sales Director on 07826 686768 or email icasfeefinance@keysfinance.co.uk.