We’ve put together some tips that may help with keeping control of your business costs. There’s also some resources
to help with economic challenges you may be facing right now.
Tip 1 – Check your energy tariff
- With energy costs going up, you may want to check that you’re on the best tariff for your business. You can make life a little easier by using a business energy comparison service like Bionic. Their service is free and there’s no obligation to switch.
Tip 2 – If you have an issue with your energy supplier
- Finding information about the different tariffs and contracts for business energy can take up a lot of your time. This practical guidance from Ofgem can help you manage your business energy costs.
Tip 3 – Ways we can help
- Cashflow support is available for your business as costs rise. Our common challenges page can help with energy saving tips and show you how to take control of your cashflow with help from the Small Business Commissioner.
Tip 4 – Think about business debt
- Worried about debt? Explore this practical guide to managing business debt from the British Business Bank. Payplan offer free and impartial debt advice for businesses who need it.
Tip 5 – Review your business income and expenditure
- Reviewing your income and outgoings might help see where potential savings can be made. Consider using a budget planner, such as this free one from Business Debtline to understand your monthly bills against your income.
If you’re worried about your personal finances, take a look at our if finances are a struggle page with helpful hints, tips and support for you.
We understand that debt can be difficult to talk about
If you’ve missed a payment or you think you might (on any accounts with us), we can help. The sooner you speak to us, the easier things will be.