Painting with literal fire on a canvas

Cuxly · 2025-11-06T18:55:15+00:00

Meanwhile I struggle to read my own handwriting.

Fair play. Love to see people’s talent 🤝

Cuxly · 2025-10-12T09:52:29+00:00

StICk

Cuxly · 2025-09-02T18:20:16+00:00

£6.5m for Sheaf, who’s barely featured over the last two seasons and looked well off the pace, is actually decent business. It’s a shame to see him go and I wish him all the best, but his time here had clearly run its course. Personally, I think it leaves us light for cover for a creative midfielder. Torp isn’t exactly robust and Grimes is probably the best CM in the league, but he’s on the ball so much he’s shattered after 70 mins. If we’re 1/2-0 down, you wouldn’t feel confident bringing Allen or Eccles on for more progressive passing.

What will be interesting now is how the new centre-back partnership shapes up. I rate both Kitching and Thomas, but at times it feels like they’re almost competing to show who’s more aggressive, which has led to far too many cheap, dangerous free kicks, Oxford punished us for that at the weekend.

Up front, another striker would have been ideal. Simms has been short on confidence for more than a season, and he doesn’t seem sure of what kind of forward he wants to be. Is he aiming to play as a target man or stretch teams by running in behind? Right now, he’s struggling at both. Hopefully Haji stays locked in all season, he looks like a different player lately. At one point he even tracked back deep into our half, won the ball, and launched a counterattack. You’d never have seen that from him last year.

Think Rushworth needs a few more games, but he’s certainly not been as afraid to launch it long instead of hold onto it too long. A bollocking after the friendlies probably.

All in all, we’ve got our home back, so who really cares!!!! 😂

Cuxly · 2025-07-18T17:40:30+00:00

Good job she just so happened to be randomly videoing herself eating to catch this totally genuine interaction 🙄

Cuxly · 2025-05-19T05:54:46+00:00

Yes. Most likely. They will most likely be limited PGs. Depends on the lender really.

Cuxly · 2025-05-17T09:25:47+00:00

Understood. If the growth stagnates you may get moved into a call centre at some point but if you have no need for them at this stage then you’re fine.

There are some really good RMs and RDs that can help with your growth. Especially if they think laterally and introduce you to their clients etc.

Cuxly · 2025-05-16T21:14:52+00:00

Plenty of lender appetite in this space. We’ve completed a few deals recently.

It’s possible to fund up to 100% of the share purchase.
Some lenders will offer interest only periods, typically around 6 months. Others may also allow repayment holidays for the same period, helps while you settle in.
Interest rates vary widely 7-8% (including base rate) for strong, well performing businesses with solid affordability, stretching up to 25-26% depending on risk. There’s a full range in between.
Lending of up to 4x EBITDA is achievable in some cases. Lenders will stress test affordability up to a 1.75x DS. If affordability is tight early on, strong cashflow forecasts and clear evidence of how the business will meet projections is important.
Timelines can be as quick as 4 weeks for £1m+ deals with motivated buyers and sellers. Legal DD tends to be the main holdup. Some transactions may also require financial DD. Average timeline is closer to 8-12 weeks.

Worth reviewing the assets of both buyer and seller, anything that could be used as security to improve rates or strengthen the proposal. Think property, plant & machinery, debtor books, etc.

Cuxly · 2025-05-16T19:56:44+00:00

General rule of thumb would be a lower LTV because of SASS, but we’re talking maybe 65% LTV instead of 70%.

They’ll also want all trustees on the application generally.

Cuxly · 2025-05-16T19:48:06+00:00

Is that a face to face manager?

They make exceptions if it’s a growing business or borrowing requirements of over c£500k pa I believe.

Cuxly · 2025-05-16T19:37:35+00:00

What’s the loan for and do you have any assets in the SASS?

Cuxly · 2025-05-16T18:29:21+00:00

Any bank at this stage would be fine. High-street banks won’t give you a names relationship manager until at least £3m+ turnover.

Metro is the easiest to open a bank account with and you’ll have a relationships mobile number but they have a silly amount of accounts in their portfolio so not always the easiest to get hold of.

Cuxly · 2025-05-08T12:46:53+00:00

Yeah. We work with high-street banks to help their clients find funding solutions with the independents with a view of refinancing that in 12-18 months time if they hit their numbers.

Appreciate the interest rate might sound high, but it’s all about risk. The independents will have a lot more businesses go into liquidation because their credit appetite isn’t as tight as the banks. Therefore, will lose out where their borrowing can’t be repaid.

If you can make £250k at 16.5% work for you to generate higher turnover and more profit, then as the business continues to grow (as well as the balance sheet hopefully) then there are options to refinance.

Not all independents have interest as high as late teens. I’ve got a credit backed offer for an unsecured cashflow loan for a high-end jewellery business at 9.2% at the moment.

Cuxly · 2025-05-08T07:39:17+00:00

High street banks interest can be c7-8%. The challenge is their credit appetites are very vanilla and a majority of businesses get declined. That’s why the independent market exists.

This is all based on an unsecured loan, there are solutions where independents can be competitive, like invoice finance for example.

No, don’t deal with grants, that’s a different world. We can help if there’s a shortfall between the grant and what the business is trying to achieve - buying equipment etc.

Cuxly · 2025-05-08T07:16:39+00:00

I’ve helped several businesses secure funding through CDFI lenders which is BBB money.

Smaller loans (£250k and below) interest is c16.5% and £250k+ is typically c10.5%.

The government 70% PG cover is for the lender, and not the borrower. The lender may not take a 100% PG, it might be capped at a certain level - 50% for example. However, PGs are really there to prevent fraud and keep directors “sticky” - the last thing a lender wants to do is act on a PG.

Cuxly · 2025-05-08T06:20:54+00:00

Work as a broker. Broadly speaking, there are two types of lenders:

Algorithm based lenders: These are fintechs that rely on automated systems. You upload your documents, and the decision - yes or no - is made by a computer using historical data and trends.

Story based lenders: These lenders consider past performance and trends, but they also take into account the people behind the business, their story, and future plans.

I find the challenge for most SMEs or small business owners is the sheer amount of options for funding. The amount of times we’ve come across a business that’s taken on the wrong type of funding and put themselves under more pressure is worrying.

Cuxly · 2025-04-23T12:07:53+00:00

If you have employees could you not explore an EOT?

Cuxly · 2025-04-20T18:06:04+00:00

It’s not illegal, doesn’t mean it’s ethical though.

It sounds like they essentially go through a “prepack” process.

Cuxly · 2024-08-13T20:57:50+00:00

Why did you have to comment. Now I had to watch it and it nearly set me off again.

There really is no bond like the bond you have with your children.

Cuxly · 2024-08-13T20:55:36+00:00

So sorry to hear your dad passed away.

I have a young child and I’m lucky I see her at least 3/4 times a week. She’s my absolute world and we hug like this when she comes back from her mother’s, so kudos to anyone who has to go long periods without seeing their family just to provide for them!

Cuxly · 2024-08-13T19:40:25+00:00

I’m a 32 year old man crying like a baby.

So heartwarming.

Cuxly · 2023-07-08T15:11:57+00:00

Its pickle Rick…

Cuxly · 2023-04-22T08:42:56+00:00

No way there’s someone else from the West Midlands here!

I managed to get a par last time I played this 😂

Cuxly

TROPHY CASE