Cash in business account

[C722]

After some advice, we have a good reserve of cash in our business account, and wondering what is best to do it with it? It is a good sum and it is just a waste it sat there earning very little interest. Any advice would be appreciated.

Edited by C722 on Wednesday 30th November 19:55

[Sunday Drive]

Extract via dividend or pay into your pension(s).

Capital allowances super deduction finishes in April 2023 - bring forward any planned main rate CAPEX.

Invest it in shares. Tie it up in an interest bearing account.

Pay down debts.

Buy residential / commercial property.

[Drl22]

All of the above but also look at Flagstone

[Eric Mc]

Is your business set up as a limited company, sole tradership or partnership?

[NorthDave]

There has been a few threads like this recently with some good responses. Not sure how well the search is performing at the moment but it would be worth trying to find them if you can - maybe in the finance section!

Edited by NorthDave on Thursday 1st December 12:21

[Dg504]

What sector are you in? How big is your market?

Can you invest in man or machine to increase revenues, profits and grow the business that way?

Are you looking to exit soon?