Paper ten pound note withdrawal imminent

The Bank of England has announced that the paper £10 note featuring Charles Darwin will be withdrawn from circulation on Thursday 1 March 2018.

After this date, businesses and the public no longer have to accept the Darwin note and the new polymer note featuring Pride and Prejudice author Jane Austen will be the only £10 note with legal tender status.

Paper £10 notes can however be exchanged at the Bank of England in person or by post.

If your business handles cash, it’s important you’re up to speed with the roll-out. You can find out more about how to prepare your business by visiting the Bank of England website.

If you have any concerns or queries relating to cashflow and the ever-increasing financial burden on your business, contact Steve Govey or your usual Beavis Morgan Partner.

Our SME business experts at Beavis Morgan are available to structure your business with cashflow and profit forecasting to measure performance and maximise opportunities. We work to a pre-determined plan, to help you avoid any nasty surprises.