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Finance jargon buster
Financial jargon. Everyone hates it, right? Seemingly impenetrable and often downright confusing, jargon tends to keep people out of the financial conversation more than it makes them a part of it. But for any entrepreneur or small business owner, understanding financial jargon is crucial to success. Once you’ve learned the basics, you’ll find yourself asking […]
About OakNorth Bank
Empowering change for a sustainable future
This week we released our annual report, which highlighted the ways we directly address our environmental and social conduct. Our sustainability and governance goals go hand-in-hand with our wider vision – to empower small and medium-sized businesses with financial support, and in turn create jobs, boost productivity, drive innovation, and increase economic prosperity across communities […]
Business finance
A guide to profit and loss (P&L) statements
Your profit and loss statement is a key financial report for any aspirational business owner to get their head around – but what exactly is a profit and loss statement? And why is it important? In the most basic terms, your profit and loss report provides you with a snapshot of what you’re earning and […]