All companies from time to time will need to source commercial funding & business finance services, foreign exchange, banking and legal services. But the challenge, particularly for small and medium sized companies, is to find a trusted service provider that will deliver genuine value for money and high levels of service over time. This is why many companies stick doggedly with one provider over many years, not testing periodically whether there are more competitive alternatives in the marketplace.
BSA Buying Group recognises these issues, and has therefore developed a solution using its buying power coupled with its expertise in supply selection, tendering and ongoing performance management skills. You can be reassured that as a member of BSA Buying Group you can access highly capable service providers through our independent partner expertise. And we won't let complacency and 'fee creep' set in.
Help support your procurement costs with R&D Tax Credits
As procurement specialists, we understand the importance of cutting costs, boosting profits and increasing your buying power to make more efficient decisions. As part of this investment in your company, there is a high chance you will be undertaking some degree of research and development – and could be eligible for a tax credit or cash refund.
BSA Buying Group has partnered with a specialist firm of tax experts specialising in helping companies to identify R&D within their business and claim R&D Tax Credits.
Additional funding to grow your business
R&D Tax Credits provide a valuable source of funding and can transform future investment decisions into your business, depending on your growth and expansion needs. Despite the UK’s R&D Tax Credit scheme being the most generous of over 30 such tax subsidy schemes around the world, the take-up across UK business has been minimal. This has primarily been due to lack of awareness and misunderstandings - many thousands of companies are missing out on tax credits or cash.
As part of our commitment to supporting BSA clients across their business, we have created an opportunity to help access this potentially business-changing service.
How it works
The process for claiming tax refunds or cash back is straightforward, designed to maximise the benefit to you, without taking up too much time. Typically, you should expect to spend no more than half a day and could receive tax credit or cash within 4-6 weeks of your initial conversation.
Once you submit your details, our partners will:
1. arrange a meeting to explain the service in more detail and confirm if you qualify
2. request financial and project information
3. speak to key staff to extract relevant information about your work
4. produce a technical report and calculate the value of your claim
5. submit the claim to HMRC on your behalf.
Once approved, you will receive your tax credit or cash.
What does it cost?
There is no cost to your business unless the claim is successful – the service is risk-free for your company. Our partners provide a complete end-to-end service, taking care of everything.
You can go back up to 2 financial years, and claim every year going forwards – often resulting in a substantial amount of unexpected cash for a first-time claimant.
Ready to make a claim?
To find out more, please call 0800 254 0344 or complete the enquiry form on this page.
Part-time Finance Directors
Through our professional services network, we've teamed up with the UK's number one source of part-time FDs. They make it possible and practical for SMEs to take on one of the UK's leading Finance Directors on a part-time basis for a fraction of the cost of a full-time FD.
They use a unique 12 Box Architecture to review every aspect of your current company finance function to include your current and future requirements. This approach means that they dig deep at the start of any new client relationship with the aim of identifying every problem area and getting everything out on the table. This helps the business owner and senior team to declutter all the issues and emerge with a clear roadmap and a top quality part-time FD to manage the implementation of the plan.
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If your business is larger than £1m annual turnover, click here to rate your Finance function in 9 minutes
If you would like us to introduce you to this opportunity, please complete the enquiry form on this page and we'll get one of the UK's top FDs to give you a call without obligation.
International Currency Exchange Rates
BSA Buying Group has sourced a multiple award-winning currency specialist to ensure that our clients enjoy the very best value when making international payment transfers.
Whether its making business payments, a one off payment, moving overseas, buying or selling property or repatriating salary – accessing BSA Buying Group's partner supplier network will help you find the right solution for your needs.
- Highly competitive exchange rates – heavily discounted charges reduced even further thanks to BSA Buying Group's buying power that could save you money compared to your bank, with no hidden fees or charges.
- Award-winning service – dedicated service from their Account Management Team plus free rate alert service.
- Quicker payments – arrange transfers online 24/7 with access to the fast available international payments.You can also set up payments to be made automatically.
- Safe and secure – our partner is FCA regulated and maintains high levels of capital and takes all necessary steps to safeguard your money.
- A range of products - spot contracts (the best exchange rate on the day) and forward contracts (to fix a rate for up to 3 years ahead, regardless of exchange rate movements).
- No contractual lock-in.
Start saving time and money on your international payments. For an obligation-free discussion, call BSA Buying Group now on 0800 254 0344.
Commercial Mortgage & Business Finance Advice & Brokerage
For professional advice on finance, speak to our professional partners, covering:
- Commercial Mortgages (Trading Businesses) [up to 82% LTV]
- Property Investment [75% maximum LTV]
- Development Finance [up to 90% of all costs]
- Bridging & Short-Term Finance [tailored to your requirements]
- Secured Loans [against both residential & BTL properties]
- Invoice Discounting
Our Partners have arranged commercial finance for clients since 1992. The combination of expertise and in-depth current market knowledge means they can give the most competitive funding terms available. The latest case tracking technology allows them to provide excellent service to clients.
Benefit from this professional advice and obtain a 25% discount off standard terms by applying through BSA Buying Group.
Our Broker partners are completely independent and genuinely whole of market - dealing with over 120 lenders directly and never using external packagers, meaning they always find the best terms available to meet client requirements.
The services are available to individuals, partnerships, pension schemes, trusts and companies including overseas borrowers.
Through relationships with their lending panel built over years of working together, they can obtain terms not generally available 'off the street' which genuinely means they can save you both time and money.
Key Client Benefits:
In Summary, they will:
- Discuss your precise needs and answer any queries.
- Select the best lender for those needs and obtain the fastest possible "In Principle" decision
- Negotiate the most competitive terms available
- Collate the documentation and details required by the lender for credit approval
- Write a detailed business and financial analysis and submit to the lender for formal approval, and arrange the lender meeting if one is needed
- Liaise with solicitors to ensure the legal process happens as smoothly as possible through to completion
- Access through BSA Buying Group for a 25% discount off the broker's standard terms.
Banking advice and re-negotiation
We understand how critical it is for your business to have a good relationship with its bank. You typically don't need to change bank to improve this relationship still further. But this requires clear, strong and informed handling. It's a balance which our independent banking advisors can support you with.
It's surprising how often companies don't review their banking arrangements. It's perceived to be too difficult to change. But did you know that in many cases bank charges can be challenged and switching bank can save significant sums of money? Don't let the banks get away with charging higher fees - seek an independent review as it could be worth thousands of pounds of savings each year.
The banks strength can be illusionary with charging structures less than transparent. But our specialist negotiators can take control of the relationship on your behalf to ensure that charges don't get out of hand. It's also worth seeking our help to check that the interest rates you believe you are being charged are actually the same as those being charged.
So joining BSA Buying Group gives you direct access to the UK's leading firm's of independent banking advisors, who have been operating successfully for over 20 years. The advisors act as an invisible negotiator between you and your bank, providing letter templates and advice at every stage so you're always in control. Not just that, their advice comes with the following guarantee - if they can't make savings, all commitment fees are refunded in full.
According to the Managing Partner of a provincial firm of solitors who've used the service: "The service we received has been prompt, professional and financially beneficial. The advice we received re our banking arrangements gave us the confidence to challenge some of the assumptions previously made and which the bank had been in no hurry to dispel. Whilst a commitment fee is asked for, that is refundable if the advice received does not bear fruit. I have no hesitation in recommending a banking review by this firm to others."
- Overdraft interest rates and arrangement fees
- Loan interest rates and arrangement fees
- Transaction charges
- Credit or debit card acceptance charges
- Credit interest and bonuses
- Security arrangements against borrowing
- Interest and charges checking
- Factoring and invoice discounting
- Dispute resolution and out-of-court settlement negotiations
Our advisory partners also have a comprehensive benchmarking database of banking arrangements and costings, of real value when negotiating with the banks.
Fees are flexible and can be based on either an hourly rate or contingent on a share of the benefits received, or a combination of the two approaches, depending on your preference.
So whether you're seeking to tender out your banking requirements, re-negotiating your interest charges or wanting to resolve a dispute with your bank, joining BSA Buying Group is the best first step.
Legal firm selection and cost management
Our legal cost specialist partners, who are regulated and insured, cover all areas of civil costs and some criminal costs matters, from the smallest sums to complex multi-million pound disputes. They provide the following services:
1. Advising at the outset
If you are considering instructing solicitors, we will help to ensure your business doesn't pay over the odds. We advise on whether proposed fees are reasonable and on the terms of the solicitors' retainer. We also offer advice regarding different funding methods and assist in exploring litigation funding and insurance options where appropriate.
2. Advising during litigation
If you are concerned about mounting and unexpected legal costs, or if you are unclear about your costs liability, it is crucial to seek advice quickly. We will advise as to the reasonableness of the costs and also assist in negotiating and resolving disputes with solicitors regarding costs.
3. At conclusion of the litigation
If you have reached the conclusion of litigation and are faced with an enormous liability for legal costs - quite possibly both your own solicitors' costs and/or your opponent's costs, it might feel as though the horse has bolted. We can help. We save our clients an average of 40% of the costs claimed against them.
If you have a dispute with your solicitors or with an opponent in litigation regarding legal costs, we offer an independent arbitration service to assist in achieving resolution.
How do I engage with this service?
The negative impact to your company's health of getting the wrong professional service provider could be significant so please don't leave it to chance - get in touch. Call us today (0800 254 0344) or submit the enquiry form (right hand side of this page) and we'll call you back to discuss your individual requirements and how we can support you.