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Finance
January 23, 2024
4 mins

Finance for Professions

Key take away points:

At Bluestone we arrange finance for professionals across a wide range of sectors, including:

  • Finance for Barristers & Barristers Chambers
  • Finance for Solicitors (Members of the LawSociety)
  • Finance for Accountants (ICAEW/ICAS/ACCA/CIPFA)
  • Finance for General Practitioners (GMC)
  • Finance for Veterinarians (MRCVS)
  • Finance for Dentists – including Orthodontists(GDC)
  • Finance for Pharmacists
  • Finance for Opticians.

Bluestone has been providing finance for the Professions sector since 1996. With thousands of satisfied customers, we have both the experience and expertise to deliver a solution to suit the exact needs of our customers.

Finance for Professions

Running any business requires exceptional multitasking skills, but we know that as partners or directors of professional practices, including those in the legal, healthcare, and accounting, you are more spinning plates than most.

You are tasked with running a commercially successful business(and all the moving parts and changing goal posts that go along with that), as well as ensuring you are compliant with the high professional standards and ongoing training demanded by your industry regulatory body or bodies.

And, of course, you do all this while continuing to provide exceptional service to their clients.

The reality is that your commitment to your profession can often mean that they do not have the time or brain space to give their financial strategy the attention it needs.

This is where Bluestone steps in, to provide the guidance and bespoke solutions needed to maximise cashflow and accelerate growth.

Is finance right for your Profession?

By working with Bluestone, you will be working with a partner that not only understands your sector and can provide a wide range of financial solutions but can also help you to navigate the application and approval process.

This support means that you can have the time to focus onyour priorities: looking after your clients and growing your business.

At Bluestone we arrange finance for professionals across a widerange of sectors, including:

  • Finance for Barristers & Barristers Chambers
  • Finance for Solicitors (Members of the LawSociety)
  • Finance for Accountants (ICAEW/ICAS/ACCA/CIPFA)
  • Finance for General Practitioners (GMC)
  • Finance for Veterinarians (MRCVS)
  • Finance for Dentists – including Orthodontists(GDC)
  • Finance for Pharmacists
  • Finance for Opticians.

Finance solutions for Professions

At Bluestone we offer a wide range of products – from one of the UK’s largest funding panels – to enable you to take control of your finances.

  • Unsecured practice loan (based on equity partners)
  • Tax funding for partnerships & LLPs (VAT, Self-assessment, Income tax, Corporation Tax)
  • Professional Indemnity Insurance (payable to insurer direct)
  • Barristers Aged Debtor Funding
  • Case Acquisition Funding
  • Business Acquisition Funding
  • Partner Buy Out
  • IT Equipment
  • Software
  • Office Furniture & Fit Out (includes refurbishment)
  • Vehicles
  • General Business Assets.

Benefits of finance for Professions

Finance can be an extremely powerful solution for partner-led organisations where income tax is much higher than equivalent corporation tax in other areas of the private sector. Leasing, for example, is fully tax deductible (unlike using capital) and the tax savings can be significant. Other benefits include:

  • Affordable, fixed costs throughout
  • Spread costs in line with your return on investment
  • Entirely flexible to suit you
  • Spread VAT throughout the term
  • Existing credit line unaffected
  • Retain capital for use elsewhere.

Streamline your financial strategy today

Independent and impartial, we have a team of experienced and knowledgeable finance professionals ready to support you every step of the way. We will explain your options in clear, simple language and manage the whole process from start to finish. We understand the importance of delivering your solution on time, on budget and without complex application processes, and that’s why we handle the detail so you can get on with running your organisation.

If you are a professional working in the legal, healthcare, or accountancy sectors, it’s essential to approach your finances with the same exacting attention to detail that you give your profession.

This might mean considering new strategies or taking advantage of finance products to maximise cashflow, unlock tax savings and boost growth.

Contact us today for a no-obligation consultation.

Last Updated: January 2024. Version: BS.202401.01BL73

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