Future Plans: 4.) Funding...

Financial assistance to expand the business, other than through traditional avenues (bank loans / overdrafts / private finance) is becoming increasingly difficult. The majority of what little funding is available usually only offered is to businesses in the rural enterprise areas and socially deprived areas and KDS Ltd does not fall within the required postcodes or does not meet the stipulated criteria.

However organizations such as the Business Enterprise Fund can offer a wealth of information to both new and existing companies such as financial forecasts and Business Plans to present to financial institutions. During the current difficult financial situation even business overdrafts are limited.

Once the economic climate improve, we are considering diversifying into Europe – vehicles are not just cars and vans - and we have recently investigated the shipping and airline industries. This may involve new suppliers and would very likely affect our cash flow until a business relationship is established where we are granted credit terms. This would have an impact on our day to day running of KDS Ltd but would be achievable.

We also need to look at our own client’s payment terms – cash flow is a big issue for small companies and can restrict our expansion. We have had some recent problems in getting some invoices for very small amounts paid - these problems affect our thinking concerning our client's who have larger invoices outstanding.