Recent Insights.
1 July 2020
Operating cash flow: The core of your business
What is Operating Cash Flow? Operating Cash Flow (OCF) is cash relating to core business activities over a given period. Ideally, you want the cash coming into the business, generated from your service offering (i.e. sales) to be more than operating costs. OCF is used to evaluate the underlying health of the business and to demonstrate the cash generated from normal operations, without taking into account secondary sources of revenue, such as investments, finance or the sale of assets. Operating activities explained The various sources and application of cash which would be included in your OCF are those which are...
25 June 2020
Government housing grants: Support for homeowners
Are you buying, building or renovating? The Government has put a number of stimulus packages in place to support homeowners and prospective home buyers. Here’s what you need to know about the Government grants. WA State Government First Home Owners Grant of $10,000 & Stamp Duty Concessions This is available for First Home Buyers who: have never owned a property in WA in your own name and neither has your spouse; intend to live in the home as your principal place of residence for at least 6 continuous months within 12 months of settlement; enter into a contract to purchase...
2 June 2020
Industry health check survey: COVID-19’s impact on WA businesses
Ledge recently surveyed a number of Perth small businesses (mostly clients and other stakeholders) to get a better understanding of and to provide clarity around how industries have been impacted by coronavirus (COVID-19) and its knock on effects. We surveyed businesses from various industries, including infrastructure/earthmoving, construction/engineering, manufacturing, agri/food and professional services. Whilst the effects of COVID-19 have been widespread across all industries, some businesses have been able to operate as per usual, whereas others have had to innovate and think of new ways to deliver their services. Changes in Operations As a whole, 48.3% of WA businesses surveyed have...
5 May 2020
10 Tips to lead your business through change
It’s safe to say that extraordinary times really do call for extraordinary measures… It has been encouraging to talk to some of our clients who have seen these times as an opportunity for growth. However, most businesses are finding these times difficult and that’s expected. SME’s are the backbone to the Australian economy and the impact of Coronavirus has forced business leaders to think on their feet to become more innovative and proactive in the way they deliver their services. Here are 10 practical tips that will help you lead your business through change: 1. Be opportunistic This is a...
5 May 2020
Humma 55T: The new standard
Humma 55T: The new standard Founded in 1971, DRA’s first business was a site abrasive blast cleaning and coating company servicing the chemical, oil and petrochemical industries. In 1996 Construct Engineering, a division of DRA noticed a gap in the heavy engineering maintenance sector which led to the launch of the Humma pick and carry crane project. As the pick and carry crane market evolved, so too did the design and quality of the cranes available. Fast forward to 2020 and there is now five different Humma crane models including an 18, 20, 25, 35 and more recently the 55...
7 April 2020
Why plan to purchase equipment now?
In these uncertain times, there is one certainty – that the initial economic shock of COVID-19 will eventually pass. The immediate natural human response to any threat is to retreat and bunker down, but even more so when the Government’s guidelines are reinforcing that. However, even though we are social distancing and staying home where possible, it doesn’t mean everything needs to come to halt. In fact, there are business leaders out there who are already planning to position their company ahead of the competition for when the shock begins to dissipate. Some business owners are exploring strategic upgrades to...
7 April 2020
$250k Assistance Loan: What you need to know
Banks have provided more direction around the information that is required for a business to receive the assistance loan. A key point made by banks is that in order to receive this loan, the business is required to meet the banks assessment criteria. The eligibility and credit criteria will apply and includes: Small and medium sized businesses with a turnover of less than $50 million Available for new lending only from 6 April 2020, approved by 30 September 2020 The business must be based, registered and operating in Australia The loan must only be used to support your current and...
19 March 2020
Ledge’s recap of the 2020 AOG expo
13 March 2020
Support for small businesses impacted by COVID-19
With this ever-changing and evolving environment, we are ensuring we stay across the various measures put in place. If you require any further information or assistance on the below, please get in touch with your Ledge Finance Executive directly, or contact our offices here, and we will do all we can to support you through this. On this page What is a “Small Business”? RBA $90-billion Term Funding Facility Financial Institutions Support Measures for SME’s SME $250k Unsecured Loan Billion Dollar Stimulus Package to Boost the Economy Support for Business Investment Increasing the instant asset write-off Investment Incentive – Tax...