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Starting a Company |
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SAS Ltd can provide advice on getting your company started. We can help you register as a limited company and provide the Memorandum and Articles of Association and, more importantly, explain their importance. We can discuss share allocation and the alternative methods for financing a business. |
| Company plans (see Financial Planning) can help you understand the level of start up finance required to keep your new business running until income is generated. Cashflows show you when your lowest cash balance occurs. |
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Depending on the level of finance needed SAS Ltd can discuss avenues for achieving investment. We can explain how the use of the Enterprise Initiative Scheme could help attract Business Angels, and what other Government Schemes are available to help new companies. SAS Ltd has successfully completed business grant applications and has attracted a number of Private Individuals to invest in start up companies. |
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If you are looking for a considerable amount we can discuss where you might go to attract the right type of investment. This would normally mean introducing you to the corporate finance departments of the large accountancy firms, where we can help negotiate "no investment - no fee" contracts.
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Enterprise Grants and other Government backed initiatives |
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Sittingbourne is in an Enterprise Grant area and SAS Ltd have completed a number of successful applications for the old RSA scheme and the new Enterprise Grant introduced in April 2000 on behalf of start up companies. This is a valuable source of finance for new businesses, raising grants against capital expenditure and for employment. |
| The DTI Small Firms Loan Guarantee scheme exists to help entrepreneurs finance a loan when they do not have collateral to borrow against. The DTI undertakes to become Guarantor for up to 80% of a company's bank loan and the company pays a quarterly charge to the DTI. |
| Research Grants, are available to industry and academic partners for innovation and novel research partnerships. Small and Medium Enterprises (SME) are particularly favoured in these partnerships and are actively encouraged to apply. SAS Ltd has considerable experience in applying for both SMART and LINK grants, in the administration of the quarterly claims and in preparing the annual submission to the company auditors. In the last two years there has been eight feasibility Smart and two development Smart grants awarded to SAS clients. For further information of SMART grants within the South East of England please visit www.sbs.gov.uk |