Asset Finance
We know the strain that VAT, tax and PII bills can put on a firm’s cashflow, which is why we help law practices access flexible finance to stay compliant, stay secure and keep moving forward.
What we can help finance.
We work with lenders who understand the legal sector and can provide tailored funding for:
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VAT payments – avoid large quarterly outgoings and smooth cashflow
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Corporation tax and PAYE liabilities – stay compliant without cashflow strain
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Professional Indemnity Insurance (PII) – spread renewal premiums into manageable instalments
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Other regulatory or compliance costs – where specialist finance is appropriate
Let’s Talk
Are you ready to improve your financial stability?
With continued pressures on business cashflow, many in the legal sector predict a significant failure rate in legal practices. This predication has unnerved many in the sector - not least insurers and lenders - which has made it more difficult for firms to secure Professional Indemnity Insurance cover and the means to pay for it.
With insurers and lenders likely to tighten acceptance criteria, it has never been more essential to find ways to effectively evidence your firm’s approach to financial management. Doing so will not only offer third parties (and your management team) a better understanding of your firm's approach to finance; it can also help you to improve your processes and procedures in order to ensure long-term financial stability.
It takes only 5 minutes to complete, but can offer a set of essential insights that could change how your firm manages its finances. You’ll be presented with a series of yes/no questions, and won’t be asked to provide any sensitive financial information. Our model will then clearly outline what is going well for your firm, and identify areas for improvement.
Benefits of working with Gemstone
The benefits of arranging finance through Gemstone Legal go far beyond covering a single payment. By spreading your costs, you protect the cash your firm needs for salaries, operations and growth. You also reduce the risk of cashflow shocks, where one large outgoing could otherwise put pressure on your practice at the worst possible time. Finance gives you predictability and breathing space, which every firm needs to plan with confidence.
There’s also the reassurance that comes with meeting obligations on time, every time. VAT, tax and PII are not optional, and missing deadlines can create unnecessary stress and reputational risk. With the right finance in place, you’re able to stay compliant without compromise. That peace of mind means you and your partners can focus on strategy and growth, knowing the essentials are taken care of.
Frequently asked questions
Gemstone Legal is committed to providing the highest standards of service to our customers.
As part of our NACFB Assured Membership, we undergo a NACFB Assurance Consultation. This independent review confirms the robustness of our processes, our business integrity, and our compliance with regulatory requirements.
If you feel our service has not met your expectations and wish to make a complaint, please contact Paul McCluskey at: paul.mccluskey@gemstonelegal.co.uk