Urgent suggestions/ideas on what to do? UK Related

Background: I work for a small company with a high up position within the company so I know a lot of what goes on. The company employs a few people and we turned over approximately £500,000 last year. This year has been a little different as it would have been for every business and we've probably turned over approx. £250,000 this year so far (years running from 01/05/2020 to 30/04/2021).

We supply product that is manufacured within China and we distribute it into the UK and occassionally Europe. The product we supply is CE certified and can be sold into the markets we sell into through the manufacturers brand. However, since we're leaving the the EU, we now have a massive problem on our hands which is a threat to the business and will close us down if we don't act accordinly.

We will need to re-brand the product we bring from China into our own company brand and be reliable for it, we need ensure it's CE and UKCA certified under our brand and not the manufacturers, and we have to do that for all of our products. We have lots of different product so it'd probably cost the business within the region of £100,000+ to have all of our product re-certified etc. before we can sell into the UK market in 2021. Unfortunately we don't have that kind of income to spend so we're going to be stuck and the company Directors will shut the business down probably – we don't take out loans because we've always been a business that's debt free (we've never borrowed money and made this company from the ground up).

This company has a bright future ahead of it if it's done right, there's a big gap in the market for the industry we're in and this company could easily reach £1,000,000+ turnover with the right strategy and people.

As someone who cares and wants this company to succeed, what can be done? Would an investor look at a business such as this as potential to purchase the business and provide investment to get it off the ground? For every £200,000 we turn over, we make approx. £100,000 in profit.

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Not Sure What To Do – App Development

I have an idea for an app that I think could be a real winner in our current climate. I have reached out to some development firms who have told me that the estimated cost would be anywhere between 80k – 200k to put something together but I straight up do not have that kind of cash.

I am in public health and have no development or business experience per se so I am really starting at square zero. Would the best (and only) route be to try and form a business, try to raise funds, and then have this app developed? Is it risky to reach out to an independent developer? I think I might need a co-founder/CTO, but am unsure. Any advice is greatly appreciated!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

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