Meet Neil Kindness
Question 1. Tell us about yourself, what are your hobbies and how long have you been in the finance industry?
I have worked in the finance industry my whole career for nearly 40 years. Following a Business Degree, I started off in accountancy but moved into corporate banking.
My main hobby is golf. The game has been my passion my whole life.
Question 2. Why did you choose to work with ABL?
First & foremost, I joined ABL because I wanted to work with Alex Beardsley and Andy Redman. I admire their business values, work ethic and ambitions for the ABL team. Very much in line with my own.
Question 3. Give me your opinion on how you think the recent economic status affects businesses
The current economic situation is the most challenging I can remember for a long time. There are a lot of uncertainties regarding inflation, interest rates, exchange rates, energy costs etc. Very few businesses will be unaffected by these issues.
Questions 4. What are the three things businesses should know
1 Their Key Business Indicators.
2 Their most profitable clients/customers and products/services.
3. How to effectively manage their supply chain.
Question 5. What Are The Biggest Challenges You See For Business Owners Today And What Advice Would You Offer Them In Regard To Finance?
The biggest challenges as well as the economic issues I have mentioned above are staff shortages, supply chain issues, Brexit, rising fuel costs, and the list goes on.
Question 6. What Developments Do You Anticipate In The Business Finance Market In The Coming Months And What Products Will Be The Most Important?
There are a number of uncertainties in the business finance market at present. At least one challenger bank has gone into administration.
Interest rates are the highest they have been for a long time. Some funders will become nervous lenders. Some will put a hold on lending. Some will no longer be competitive.
Some deals and transactions will no longer be viable or attractive. However new deals will enter the market and those businesses with cash or access to cash will see this as an opportunity.
Lenders will still be prepared to support the right proposition but the business must demonstrate the ability to weather any trading downturn without breaching covenants.
Working capital products such as invoice finance thrive in a downturn this is where ABL comes into its own. We know the financial marketplace, the funders, the products etc.
If you want to know more, we are always happy to help, the ABL team is available on 01274 965356 or drop us an email
If you want to find out further information about this topic you can get in touch with Neil via email or call him on 07864 022783 to talk through your options.