Coronavirus–hit family businesses in the financial services sector continue to be the backbone of the economy

The new IFB Research Foundation The State of the Nation: The UK Family Business Sector 2019–20 report published this week showcases the unwavering relevance...

Fiduciam provides £840,000 loan to children nursery – how CBILS boosts local businesses and communities.

Fiduciam, the institutionally funded short-term lender, has just completed a Coronavirus Business Interruption Loan Scheme (CBILS) loan for £840,000. The loan...

Brexit has already cost more than the International Space Station – and it’s still rocketing!

The cost of Brexit to the UK economy is already over £130bn. By comparison, the International Space Station cost £115bn. It is not rocket science to see that...

Small business leaders reveal plans for new economic climate

More than four in five small business owners (81%) have made key changes to their business and services in order to prepare for the economic uncertainty in the...

FSB on GDP stats

The Scottish economy contracted by almost a fifth between April and June of this year, according to new official statistics. Andrew McRae, the Federation of...

Covid-19 forces over four in 10 SMEs looking to sell to put sale plans on hold

SMEs across the UK have had to tear up business succession plans due to COVID-19, according to research from Nucleus Commercial Finance. Prior to the pandemic,...

Business levels rebound at LM

Business levels are on course to return to normal at automated decisioning provider LendingMetrics. The company behind the award-winning* ADP underwriting...

Bibby Financial Services call for targeted extension of the furlough scheme

The UK Government needs to extend the furlough scheme urgently and ensure that targeted support is available to those sectors who have been worst hit. Edward...

Established plant nursery to develop garden centre complex with help from Reward Finance Group

Ravensworth Nurseries in Richmond, North Yorkshire is investing £1.1m in developing an upmarket retail garden centre to enhance its already successful plant...

Second Covid wave will leave retailers and suppliers with nowhere to hide, says ParcelHero

As Brits brace themselves for a second wave of the coronavirus, the leading home delivery specialist ParcelHero says retailers and manufacturers are already...

UK’s small family businesses doing the most to protect jobs

With the Government’s job retention scheme ending in a month’s time, new research suggests the nation’s oldest and most traditional small family...

Buyer demand for new homes plummets to lowest levels in six years, says FMB

Demand for new homes has reached its lowest level since 2014, according to small to medium-sized (SME) house builders. The new figures, published today in the...

Fintech veteran Ben Sher joins finance portal Funding Xchange as Chief Commercial Officer

Funding Xchange, the leading business funding market place using its innovative platform to link businesses to the funders who are most likely to have an...

Asset finance market fell by 22% in July 2020

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell...

MarketFinance banks £50m as it ramps CBILS support for SMEs as deadline looms

Fintech business lender MarketFinance has secured an additional £50m from one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the...

First international customer live with Line of Credit for SME and Consumers

As of September 1st, the Finnish fintech company OPR-Finance is live with Line of Credit for Consumer (EveryDayPlus) and SME customers (Yritysluotto Flex) in...

Fourth Recovery Tracker shows demand has been hit by local restrictions and holiday season

The August holiday season and additional restrictions imposed in Greater Manchester have contributed to a dampening of demand, according to the fourth GM...

Atradius Insolvency Report forecasts 27% climb in UK business failures

Insolvencies in the UK are forecast to jump by 27% this year, slightly higher than the global average rise of 26%, reveals a new economic research report by...

Euler Hermes Chairman – the worst is yet to come for trade

The full economic and business impact of the Covid-19 crisis is yet to be felt, with the preservation of cashflow and investment in new technologies to predict...

Hitachi Capital Business Finance launches Smart Business Planning programme

As a part of its continued commitment to support small business owners, Hitachi Capital Business Finance has launched its very first Smart Business Planning...

Growing business confidence encouraging, but SME workers still bearing the brunt of challenges

If you are writing about the Lloyds Bank Business Barometer results, Rob Marshall, Managing Director at WorkLife by OpenMoney, commented: “After an extremely...

CBILS Loan Support Set to End – don’t miss out

The British Business Bank has confirmed that applications for the Coronavirus Business Interruption Loan Scheme (CBILS) will close on September 30th. The...

Cash Collection and Credit Management with Klass Academy

Klass Academy produces and markets Blended Training and Services for Finance, Sales & Order to Cash departments of companies. The start-up, headquartered...

Keeping it in the family

Almost a quarter of business owners have employed relatives in recent months – sparking a revival of traditional family businesses. The study of 500 small...

Mann Island Finance Joins the ‘Bounce-Back’ With Record Volumes

The continuing reports of an encouraging bounce-back in used cars, coupled with a level of pent-up demand have helped Mann Island Finance to achieve two...

Nucleus Commercial Finance supports SMEs with faster decision making on applications

Nucleus Commercial Finance today announces it has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus...

OakNorth Bank completes £20m loan-on-loan facility to Ultimate Finance Group to support growth in bridging lending

OakNorth Bank – the UK bank powered by OakNorth – has completed a £20m loan-on-loan facility to Ultimate Finance Group, the specialist asset-based lender....

Global FinTech company Ferratum enters the FIA WorldRX with its own racing team led by Jani Paasonen from Finland

A global FinTech company Ferratum continues its successful cooperation as the title sponsor of the FIA WorldRX, started in 2019, this time bringing in its own...

Aberdeen Longer Lockdown: Financial package will cushion blow

Today the First Minister today confirmed that a local lockdown will continue in Aberdeen for another seven days. She also announced, in response to calls from...

UK Fintech sets out survival plan for small businesses post Covid

Analysis by London based global fintech Paysend into the critical issues facing small businesses in a post coronavirus environment point to a new world in...

SMEs spending over £20,000 to reopen a fifth planning to use personal savings

As businesses begin to reopen across the country, research from Nucleus Commercial Finance today reveals that SME owners are having to spend on average...

FSB: Help required for Aberdeen businesses if lockdown continues

The First Minister today confirmed that a local lockdown will continue in Aberdeen for at least a further seven days. David Groundwater, FSB’s development...

Can sustainability survive another recession?

Twelve years ago, the UK was in the middle of a terrible recession. Almost 50 small businesses closed every day because of the economic fallout, with mass...

Budget must accelerate construction recovery, says FMB

The Government must use the forthcoming Budget to bring forward greater investment in the construction sector to help boost jobs and activity, says the...

Half of managers fear their employees are at risk of ‘burnout’, as WHO officially recognise burnout as a medical diagnosis

47% of managers believe their employees may be at risk of burnout, following a change in work pattern or behaviour bought on by Covid-19. Over a third (36%) of...

The Chartered Institute of Credit Management presents – ‘Managing the New Credit Future’ – a collaboration with ITN Productions

The Chartered Institute of Credit Management (CICM) and ITN Productions will be co-producers of a content series ‘Managing the New Credit Future,’ produced...

‘Jobs figures are a taste of things to come’

The number of people employed in Scotland fell by 15,000 between April and June, according to official statistics published today. The figures – published by...

Asset finance market fell by 41% in June 2020

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell...

Optimum Finance appoints three new industry heavyweights

Bristol and London-based invoice finance provider and fintech firm Optimum Finance has appointed three industry experts to bolster its offering. The company...

FSB on Aberdeen lockdown

The First Minister has today announced that the Scottish Government is implementing a limited local lockdown in Aberdeen, including the enforced closure of...

Is Remote Working The Best Choice After Lockdown?

The beginning of August marks the end of the Government’s advice to work from home and signals an era when many offices will re-open and employers and...

FORS launches new training package to help fleet operators manage fatigue

FORS has unveiled a new training package designed to help fleet operators better manage driver fatigue. Time Smart is the latest addition to the FORS...

Registry Trust Half Year 1 2020 England and Wales Business Statistics – For Immediate Release

County Court Judgments (CCJs) registered against businesses England and Wales fell by nearly 30 percent in the first half of 2020 (HY1 2020), compared to the...

A new report by Nexus Global reveals the state of business confidence in Wales amid Covid-19

The current pandemic has thrown drastic obstacles in the way for UK businesses. With a total business confidence score of 91.89 out of 190 in Wales, these...

FSB: GDP figures don’t show scale of crisis

Statistics published by the Scottish Government this morning show that the Scottish economy contracted by 2.5% in the first quarter of 2020. However, other...

Cavendish gears up for leasehold reform with boost to enfranchisement team

Cavendish Legal Group has responded to the Law Commission’s recent proposals on leasehold reform by announcing plans to boost its enfranchisement team....

United Trust Bank continues to expand its Development Finance Division with two appointments

United Trust Bank (UTB) is continuing to expand its Development Finance Division with the appointment of a new Director and a new Manager. Hardeep Thandi joins...

3 UK-based businesses putting sustainability at the heart of their growth strategy

Sustainability has taken on a whole new meaning for businesses. Annual CSR reports are behind us; customers and stakeholders are now demanding real-time...

New £2bn ‘tax on the frail’ planned: online shoppers must not be the fall guys who pay the Government’s Covid bill, says ParcelHero

The Government is reportedly examining how the ‘the tax system raises sufficient revenue’ to cover the cost of lost business rates, as the coronavirus...

Hygiene firms look to clean up with £4m funding line

Bibby Financial Services Ltd (BFS) has provided a £4m Invoice Discounting facility to the Bothongo Group UK, which has interests in the rapidly growing...

Hope Capital gears up for growth with an eye on recruiting talent

Hope Capital is gearing up for a period of sustained growth, as it proceeds with the next phase of its ambitious expansion strategy. The specialist short-term...

Care homes facing long-term funding crisis need to act now

The high number of deaths in care homes, combined with the reluctance of families to place elderly residents in care homes during the COVID-19 pandemic, means...

Scottish firms regain confidence but “tale of two economies” revealed in new research

FSB’s Scottish small business confidence index jumped from -154.8 points in Q1, the lowest ever figure recorded, to -10.1 points in Q2. Over the same period,...

Duff & Phelps appointed Joint Administrators of Winfresh UK Limited (the ‘Company’)

Established in 1994, Winfresh is one the UK’s leading suppliers of bananas including Fairtrade bananas from smallholders in the Caribbean. The Company...

Bibby Financial Services appoints Jonathan Andrew as Global CEO

Bibby Line Group has today announced that Jonathan Andrew will join their Bibby Financial Services business as Global CEO on 1st September. Jonathan joins the...

Short term lender Fiduciam receives CBILS accreditation from the British Business Bank for loans up to £5m

Fiduciam, the institutionally funded short-term lender, has been approved for accreditation by the British Business Bank as a lender under the Coronavirus...

Ultimate Finance reaches £60m loan book milestone after record-breaking month for Asset Finance

Specialist asset-based lender Ultimate Finance is today reporting that June 2020 was a record-breaking month for its Asset Finance offer, with a 50 per cent...

First 4 Bridging strengthens specialist lending panel with Hope Capital addition

First 4 Bridging (F4B) has moved to further strengthen its specialist lending panel with the addition of Hope Capital. This partnership will see F4B’s...

Small business confidence bounces back as nation re-emerges from lockdown

The proportion of UK small businesses predicting growth has almost doubled in just three months – from 14% to 27% – giving one of the first tangible...

FSB: Scots jobless rise shows crisis “is here now”

Commenting on today’s figures showing that unemployment in Scotland rose to 4.3% between March and May, Colin Borland, FSB’s Director of Devolved Nations,...

Leading SME lending portal awaits anticipated Chancellor’s announcement emphasising the proposed bold steps are critical to the viability of 60% of SMEs

Funding Xchange, the leading government approved portal helping small businesses access loans which have been unavailable through their mainstream bank, is...

Inefficiencies rife (and rising) in UK companies, say majority of finance teams

More UK finance decision makers have labelled their company as inefficient than two years ago while the number of teams who describe their business’ internal...

Hope Capital strikes first ever AVM deal

Hope Capital has completed its first ever loan based on an automated valuation model (AVM), which it introduced just a few weeks ago. The property – a...

Two thirds of SME business leaders say they are more environmentally focussed following COVID-19 outbreak

Two thirds of Britain’s SME business leaders say they are now more environmentally conscious in the wake of the coronavirus pandemic, according to new...

Yorkshire Finance Director Survey: 57% of Yorkshire businesses expect to make Covid-19 redundancies; 87% brace for second lockdown

A survey of more than 60 Yorkshire-based finance directors has gathered new data highlighting the extent of the impact of the global pandemic on the region’s...

Atradius appoints new Head of UK Commercial

Atradius is pleased to announce James Burgess is appointed Head of UK Commercial with effect from 01 July 2020. James, who has been with Atradius since...

Over half of brokers are open for business with full pre-Covid-19 capacity

53% of property and commercial finance brokers responding to United Trust Bank’s most recent Broker Sentiment Survey have reported that they are open for...

Short-term measures like ‘eat out to help out’ could cause more problems than they solve

Phil Mills, head of food and drink at Old Mill comments on what the chancellor’s announcements today mean for pubs and restaurants: “The Chancellor, Rishi...

Engineering group to power growth with over £1 million funding

Bibby Financial Services (BFS) has provided a £1.1 million Invoice Discounting and Asset Finance funding facility to First Components Group Ltd, a West...

41% of Brits Bothered About Staying in Hotels and Airbnbs

York-based insurance company, The Insurance Emporium, recently surveyed over a thousand people across the UK during lockdown to find out how the COVID-19...

Reward Finance Group joins leading broker network

Alternative finance provider, Reward Finance Group, has joined The National Association of Commercial Finance Brokers (NACFB) which has more than 2000...

COVID-19 has caused a drastic positive culture change in family firms

The impact of COVID-19 has forced a drastic positive culture change in family firms, creating stronger solidarity and cohesion within the company and causing...

New grants for insulation provide boost for small builders, says FMB

In response to reports that tomorrow the Chancellor will announce a package of measures to improve the energy efficiency of our leaky homes and buildings,...

BFS Corporate team make £40m of new funding available in June

Independent invoice financier, Bibby Financial Services (BFS), provided £40m in new funding facilities to corporate businesses throughout June as it continues...

Duff & Phelps secures future for Vapiano (“the Company”)

Vapiano, the restaurant chain which offers pizza, pasta and salads at seven locations across the UK has been rescued following the appointment of Allan Graham...

New survey shows over 60% of small businesses using tech to survive Covid-19

According to new research from the Centre for Policy Studies, 22% of SMEs still don’t use digital platforms, such as Google, Facebook and LinkedIn, or...

Ultimate Finance adds Bridging Finance to its accreditation by the British Business Bank for Coronavirus Business Interruption Loan Scheme (CBILS)

Specialist asset-based lender Ultimate Finance is today announcing that it can offer Coronavirus Business Interruption Loan Scheme (CBILS) backed Bridging...

Asset finance market falls by 60% in May 2020

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell...

Nucleus Commercial Finance becomes latest fintech lender to support SMEs through the Coronavirus Business Interruption Loan Scheme

Nucleus Commercial Finance has today been accredited by the British Business Bank as a lender under the government-backed Coronavirus Business Interruption...

Fleet Mortgages’ Q2 Rental Barometer reveals only a ‘slight softening’ in rental yield

Fleet Mortgages, the buy-to-let specialist lender, has today launched the second iteration of its Buy-to-Let Rental Barometer covering Q2 rental yields across...

HMRC business loan stats further proof of the struggles for small businesses

Robert Marshall, Managing Director of WorkLife, a digital employee benefits platform that provides free financial advice to workers, says “With over £11bn...

High-Profile Commercial Property Wins Boost Landwood Group

Landwood Group’s Commercial Asset Management division in Manchester has bucked the trend of a Covid-19 downturn with a raft of high profile new instructions....

Scottish Transport group on the road to success with £9m Group funding deal

Bibby Financial Services (BFS) has provided a £9m Group funding facility to support the re-finance of Currie European Transport Ltd, a transport and storage...

Further drop in contract awards for May but there are signs of improvement as planning approval figures steady

The total value of construction contract awards in May 2020 was £2.4 billion based on a three-month rolling average. This is a decrease of 45.9% on April and...

FSB: Employers “breathe sigh of relief” at school reopening plans

Today, Education Secretary John Swinney announced in parliament that schools will reopen full time from August 11, subject to safe Covid levels. Colin Borland,...

Siemens and Salesforce partner to deliver the future experience for safe workplaces

Today, Salesforce (NYSE: CRM) and Siemens announced a strategic partnership to develop a new workplace technology suite that will support businesses globally...

Financial Forecasting and Accounting Software Skills the most desired beyond 2020

Accountants must become more proficient in financial forecasting and using accounting specific software if they are to be of value in the future, according to...

United Trust Bank launches asset refinance and acquisition CBILS products for SMEs

United Trust Bank has launched a range of Coronavirus Business Interruption Loan Scheme (CBILS) facilities designed to assist a wide range of SMEs which have...

First 4 Bridging adds Hampshire Trust Bank to lending panel

Specialist distributor First 4 Bridging (F4B) has announced the addition of Hampshire Trust Bank (HTB) to its lending panel. This panel addition will offer...

Former Small Firms Commissioner joins Forum of Private Business Board to boost support for small businesses

Former Small Firms Commissioner joins Forum of Private Business Board to boost support for small businesses Paul Uppal, the Government’s Small Firms...

Sue Chapple appointed new CEO of professional credit management body

Sue Chapple has succeeded Philip King as Chief Executive of the Chartered Institute of Credit Management, the world’s largest professional credit management...

Bresco Electrical Services Ltd (In Liquidation) (Appellant/Cross-Respondent) v Michael J Lonsdale (Electrical) Ltd (Respondent/Cross-Appellant)

On appeal from: [2019] EWCA Civ 27 JUSTICES: Lord Reed (President), Lord Briggs, Lord Kitchin, Lord Hamblen, Lord Leggatt BACKGROUND TO THE APPEAL This case is...

Small firms disappointed as reopening timetable pushed

First Minister Nicola Sturgeon this afternoon announced that shops that sell products other than food will be able to re-open from Monday 29 June, but...

Reward Finance Group celebrates two milestones in Manchester

Alternative finance provider, Reward Finance Group, is enjoying a double celebration this month. As well as marking the first anniversary of the opening of its...

London, Scottish and North East SMEs worst hit by coronavirus

London, Scottish and North East-based SMEs will be the worst affected by coronavirus, according to new research by small business insurer Simply Business. The...

United Trust Bank now offering Coronavirus Business Interruption Loan Scheme to SME house builders, developers and property investors

UTB has been approved for accreditation by the British Business Bank as a lender for the Government backed Coronavirus Business Interruption Loan Scheme...

Fine foods wholesaler secures £5m funding line

Bibby Financial Services (BFS) has provided a £5m funding facility to Hider Food Imports Ltd, a wholesale food supplier based in Hull. The family-run...

United Trust Bank agree to fund £7.2m redevelopment project by Hawkfield Homes

United Trust Bank (UTB) has agreed to fund Hawkfield Homes’ latest project providing 22 new homes in the charming Gloucestershire town of Wotton-under-edge....

FSB in Scotland on GDP figures

The UK’s economy shrank by 20.4% in April, the largest monthly contraction on record, according to new figures released by the Office for National...

Reward Finance Group push the boundaries to raise money for charities

Having raised £20,000 for its chosen charities last year, Reward Finance Group, is going all out this year to try and beat that total, despite COVID-19...

Crisis forces Scottish smaller firms to adapt

The coronavirus crisis has spurred many Scottish smaller firms to sell more online; to introduce new products and services; and to use digital technologies to...

Digital recruitment company receives £850k funding line

Leading independent SME funder, Bibby Financial Services (BFS), has provided a £850,000 funding facility to innovative recruitment specialists, MBA and...

FSB welcomes new tourism timescales

This afternoon Cabinet Secretary for Tourism Fergus Ewing suggested that from 15 July Scottish tourism businesses may be able to resume operations. The...

SME funding and sustainable long-term recovery – comments

It’s been revealed that 14% of SMEs owners have used their personal savings for immediate financial support during the pandemic, according to a survey...

Hope Capital launches unique new Combi Loan product

Hope Capital today launches a wholly unique bridging loan – the Hope Combi Loan. This brand-new product combines the Discounted Rate Loan with the Hope Flexi...

One in seven SME owners using personal savings to keep business afloat

The coronavirus pandemic is causing SME owners across the country to take drastic action in order to ensure their business survives. According to research by...

Pre-paid meals and ‘hairdresser style’ rebooking could be the answer for pubs and restaurants forced to operate under social distancing rules

Pubs and restaurants may have to ask customers to prepay for their meals if they are going to survive under social distancing measures, argues Phil Mills, head...

Care in the home provider creates 80 new jobs with help from Reward Finance Group

Reward Finance Group’s Manchester office has reached its 100th deal by helping Warrington-based Care at Home Group (CAHG) to recruit an additional 80 carers...

Asset finance market falls by 47% in April 2020

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell...

Atradius Announces New Regional Director in UK & Ireland

Stuart Ramsden has been named as Regional Director UK & Ireland for leading trade credit insurer Atradius. Stuart, who has been with the firm since 1991...

Reward Finance Group enjoys nine years of continuous growth as income grows by 16 per cent

Alternative finance provider, Reward Finance Group, which has offices in Leeds and Manchester, has posted record year-end figures for the ninth consecutive...

Ultimate Finance expands CBILS to include Asset Finance

Specialist asset-based lender Ultimate Finance is today announcing that it has expanded its Coronavirus Business Interruption Loan Scheme (CBILS) accreditation...

Euler Hermes welcomes landmark UK state support scheme

Euler Hermes, the world leader in trade credit insurance, welcomes the UK government’s agreement to support intercompany trade by guaranteeing transactions...

Atradius Welcomes Trade Credit Insurance Support Scheme

Leading Trade Credit Insurer Atradius welcomes today’s announcement by the Department for Business, Energy and Industrial Strategy that the UK Government has...

Hope Capital launches Discounted Rate product

Bridging lender Hope Capital today launches a new product which gives borrowers control and flexibility of their cashflow. The Discounted Rate loan is designed...

eacs secures refinance and upsize deal

Managed services provider eacs has secured a multi-million refinance deal thanks to brokers Knight Capital Funding, and corporate lender Shawbrook Bank....

UK businesses becoming ‘less financially agile’ despite increasing agile working

UK businesses are becoming less “financially agile”, new research has suggested, with the proportion of companies proactively using budgets to manage their...

FSB welcomes inclusive grants changes

The Scottish Government’s Cabinet Secretary for the Economy Fiona Hyslop this afternoon confirmed that businesses which occupy shared premises, such as those...

5,000 extra stores will fail because of the two-week delay in reopening non-essential shops

Under Phase 2 of the Government’s Covid-19 recovery strategy roadmap, non-essential stores were supposed to open in phases starting on Monday. In the event,...

COVID-19 is changing SME view on funding

A survey conducted by commercial data and analytics firm Dun & Bradstreet found that prior to the coronavirus outbreak only 22 percent of small and medium...

Duff & Phelps secures the future for Oddbins

Philip Duffy and Matthew Ingram, both of Duff & Phelps, have announced the sale of a substantial part of the business and assets of Whittalls Wine...

Luxury toiletries business freshens up with £850k funding

Bibby Financial Services (BFS), has provided an £850,000 funding facility which includes Invoice Discounting and Trade Finance to H Bronnley and Co UK Ltd, a...

Hope Capital launches new product range

Hope Capital today launches a new product range, taking into account the needs of individual customers and catering for the needs of different borrowers and...

Nucleus Commercial Finance delivers £50,000 facility to Energy Angels, supporting business continuity during COVID-19 crisis

Nucleus Commercial Finance has provided a £50,000 facility to Energy Angels, enabling the business to continue operating at full capacity during the crisis...

Fiduciam continues to support house builders with development loans despite Covid-19

Fiduciam, the short-term and marketplace lender, has just closed two development loans, with a total value of £2.5million, with one using its ‘Stepping...

Chamber Releases the Way Forward – Highlighting the Next Phase of Recovery

Greater Manchester Chamber of Commerce today launched its recovery plan for Covid-19 – “The Way Forward”. At its heart the plan highlights 4 key...

Hope Capital set to launch the Custom Collection

Hope Capital is set to launch its new Custom Collection range of bridging loans. This collection is a set of six different products, features and options which...

Excluded smaller firms set to get new grant help following FSB drive

The Scottish Government today announced that coronavirus financial help will be expanded to include businesses that share properties, such as indoor markets,...

Remote working doesn’t need to affect innovation, new research reveals

Employees that work from home are unlikely to be less innovative, according to new research by the University of Cologne and the Leibniz University Hannover....

Anticipated drop in construction contract awards confirmed in April figures

The total value of construction contract awards in April 2020 was £4.4 billion based on a three-month rolling average. This is a decrease of 36.4% on March...

The Great Dying of the High Street: April’s retail sales figures will mean cull of indie stores

Today’s Office of National Statistics (ONS) retail sales estimates for April will result in the extinction of many much-loved stores, fears the UK home...

What is Driving Car Buying Interest Right Now? The Top 10 Reasons

“People have been looking for cars actively during the lock-down. In the case of findandfundmycar, more have also taken their interest to the next level by...

Emergency guide to credit control for all levels

A webinar will be run on at 3.30 on the afternoon of Friday 22 May by the CICM East of England Branch. With many disbanded credit teams across the UK,...

FSB: Firms need guidance to unlock economy and save jobs

The Scottish Government has today published a four-phase plan to ease lockdown restrictions. The Federation of Small Businesses (FSB) welcomed the news that...

Duff & Phelps appoints Rob Armstrong as Managing Director in its Global Restructuring Advisory practice

Duff & Phelps, the global advisor that protects, restores and maximises value for clients, today announced that Rob Armstrong has joined the firm as a...

Invoice finance firm announces new funding line for SMEs

Leading UK invoice finance firm Optimum Finance has announced a new funding line increase to £16 million as it strives to provide small and medium businesses...

Government reinsurance scheme – statement

Atradius welcomes today’s Government announcement that it intends to develop a treasury-backed temporary reinsurance scheme to help businesses recover from...

Temporary reinsurance backstop

Euler Hermes, the world leader in trade credit insurance, welcomes the plan announced by the UK government to provide support to the private sector by offering...

Innovation funder Rocking Horse partners with Quilam Capital to provide UK SMEs greater access to Government funding

UK Innovation funder Rocking Horse has today announced a multi-million-pound partnership with London-based specialist investment firm Quilam Capital who have...

Reward Finance Group supports business diversification in a bid to fight virus

A West Midlands company has repurposed its business model in order to produce vital PPE stations and acrylic protection screens to the medical sector, with...

Saudi Arabi’s industrial expansoin plan mapped out in new report

Saudi Arabia’s efforts to boost both non-oil and private-sector growth, while moving swiftly to introduce measures aimed at mitigating the impact of...

UK finally sees automation success as 6 in 10 UK businesses invest in RPA and process mining

The UK is making great strides in adopting process automation technologies like robotic process automation (RPA) and process mining, according to new research...

FSB in Scotland welcome Sunak’s shrewd jobs help moves

The Chancellor Rishi Sunak this afternoon announced that the UK Government’s Coronavirus Job Retention Scheme will be extended for another four months. In...

Duff & Phelps secures future for mattress and bedding division of Breasley Pillows Limited (“the Company”)

The mattress and bedding division of Breasley Pillows Limited (trading as Breasley, Breasley Foam, Salus and Uno) one of the UK’s leading producers of rolled...

Loan schemes offer huge influxes of cash but what is the best way to use it?

The Coronavirus Business Interruption Loan Scheme and the newly introduced Bounce Back Loan Scheme are now thought to have provided over £10billion worth of...

Government’s Covid-19 Strategy will damage the ‘innovative delivery models’ it seeks to support

The UK courier specialist ParcelHero has welcomed the UK Government’s new Covid-19 Recovery Strategy, which reveals its plans for rebuilding the economy...

Duff & Phelps appointed Joint Administrators to Arlington Automotive Group (“the UK Group”)

Allan Graham, Jimmy Saunders and Matthew Ingram of Duff & Phelps Ltd were appointed Joint Administrators of the UK trading companies in the Arlington...

From Pandemic to Profit

I’m not pretending any of this is easy. The situation we have found ourselves in personally and professionally is like nothing else. The one vital thing to...

Asset finance market falls by 28% in March 2020

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) fell...

Government needs to act now to support non-bank lenders as forbearance requests reach almost 1.2 million

The FLA has renewed its call to the Government and the Bank of England to take urgent action to support the non-bank lending market. New figures released today...

Subcontractors are facing mounting pressures as sites begin to reopen

Subcontractors are entering the most challenging period of the COVID-19 outbreak according to Jim Davis, Managing Director for Construction Finance at Bibby...

Business Monitor shows low confidence as businesses wait for end of lockdown

Greater Manchester Chamber of Commerce’s fifth weekly Business Monitor survey shows business confidence remains low as employers wait to see how and when the...

Thousands of businesses could be missing out on Bounce Back Loan funding

Thousands of small businesses could be missing out on up to £50,000 worth of funding that they aren’t aware they are eligible for. The government’s new...

Ultimate Finance approved for accreditation by the British Business Bank for Coronavirus Business Interruption Loan Scheme (CBILS)

Specialist asset-based lender Ultimate Finance is today announcing that it has been approved for accreditation to the government backed Coronavirus Business...

Nucleus Commercial Finance delivers £1.3m facility to Leyton Group, supporting growth for specialist steelwork firm

Nucleus Commercial Finance has provided a £1.3m facility to steelwork specialist firm Leyton Group, enabling the business to take on larger projects and...

Plastic recycling business secures £6m funding facility

Independent SME funder, Bibby Financial Services (BFS), has provided a £6m funding facility to Bright Green Plastics Ltd, a plastic recycling specialist with...

Bounce back loans should be grants if there is little prospect of them being repaid

100% government-backed Bounce Back loans are available from today at a set interest rate of 2.5%. Mark Neath, director at Old Mill says the fact that all rates...

Is now the time to join a hotel franchise?

With the COVID-19 pandemic far from over, now could be the time for independents to consider if they should become part of a franchise. This is according to...

Begbies Traynor in Hull strengthens team with director promotion

Experienced insolvency practitioner Laura Baxter has been promoted to director, based at Begbies Traynor’s growing offices in the Humber region. After...

One in ten want to start a business because of the coronavirus crisis

UK startup competition The Pitch has conducted independent research into entrepreneurship during Covid-19. Out of 2,000 UK adults surveyed, 11% said they...

FSB welcomes new Scottish Government small business support

A new £100 million Scottish Government package of additional grant support for small and medium sized businesses (SMEs) and newly self-employed people opens...

Small business growth outlook collapses

The proportion of UK small businesses predicting growth has plummeted from 39% to just 14% in the last three months – with 31% of business owners scaling...

BFS provides specialist recruiter with £600K funding facility

Independent SME funder, Bibby Financial Services (BFS) has provided a £600,000 funding facility to Tech Professionals Ltd. a technical recruitment company...

British Exporters Association (BExA) responds to International Trade Committee Inquiry on Covid-19 impact

BExA has submitted a response to the International Trade Committee’s Inquiry on the impact of the Covid-19 pandemic on international trade. “The current...

FSB Scotland welcomes new “bounce-back” micro-loan scheme

Welcoming today’s announcement by the UK Government is establishing a new emergency loan initiative for small businesses, including a 100% government...

CBILs loans worth just 2% of £212bn owed to coronavirus-hit businesses

The funds sent to UK businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) are worth less than two per cent of the £212.8 billion in...

Accountancy firm offers top tips on what businesses can do for themselves to survive COVID-19

COVID-19 has impacted virtually all businesses across the UK in some way. Whilst some have shut their doors (possibly permanently) others are enjoying the sort...

UK Food and Drink sector buck trend as pandemic sees international trade fall in Q1

Food and drink businesses defied an overall drop in UK exports during the first quarter of 2020 as supply chain disruption and international efforts to combat...

Comment from Baldwins’ National Head of Banking & Finance on CBILS approvals

Commenting Martyn Shakespear, National Head of Banking & Finance, at Baldwins Accountancy, part of the Cogital Group, said: “Many of the issues...

MarketFinance acts to plug £20b cash flow gap from furlough payroll strain

Already cash strapped SMEs across the country will be (up to) £20b out of pocket when the first round of salaries are paid to the 8 million people currently...

Onguard Selects Rackspace to Improve Agility and Customer Support

Onguard, the leading specialists in order-to-cash and credit management, has selected technology services company Rackspace to boost the agility of its...

Ultimate Finance bolsters North West team with recruitment of regional directors

Specialist asset-based lender Ultimate Finance is today announcing the appointment of two Regional Directors to its North West team to support the region...

The impact of the crisis is spreading from the most vulnerable businesses to more established businesses

Research being collated daily by Funding Xchange, the principal online platform appointed by the Government to help businesses declined for loans by their...

ScaleUp Institute response to Government’s new support package for high growth innovative firms hit by coronavirus

The Government’s announcement today is welcome in addressing the finance challenges presented by the Covid-19 crisis to scaling businesses across sectors and...

FSB on Scottish Government grant funding figures

The Scottish Government has released figures showing that £215 million of coronavirus grant funding has been released to 18,528 Scottish businesses. The...

Scottish refrigeration specialist receives £3.5m funding facility

Independent SME funder, Bibby Financial Services (BFS), has provided a £3.5m funding facility to Capital Cooling Refrigeration Limited, a refrigeration...

Reward Finance Group in Manchester strengthens board with appointment of leading industry figure

Reward Finance Group has strengthened its ambitious growth plans with the appointment of Steve Noble as managing director of its North West region. This is a...

Small business help package launched after FSB campaigning

The Scottish Government has announced new coronavirus support for smaller businesses and self-employed, following representations from the Federation of Small...

Asset finance market falls by 7% in February 2020

The IT equipment finance and plant and machinery finance sectors reported new business up in February 2020 by 10% and 1% respectively, compared with the same...

Stonebridge extends COVID-19 business support with new hub

Stonebridge, the mortgage and insurance network, has today (9 April 2020) launched a new COVID-19 support hub page for its appointed representative (AR) firms,...

Nick Smith appointed group managing director of Reward Finance Group

As part of the succession programme at Reward Finance Group, Nick Smith has been promoted to group MD. He takes over the role, at the alternative finance...

Mid-tier market support addressed as funding gap closed

Chancellor Rishi Sunak MP’s 3 April announcement that financial support for the vital mid-tier sector is now available for businesses with up to £500m...

Second Business Monitor Survey confirms severe impact of coronavirus on businesses

Greater Manchester Chamber of Commerce’s second Business Monitor survey has confirmed the extent of the impact of coronavirus on local businesses. The...

Accredited CBILS lender, AskIf, appoint two new team members to aid delivery of CV-19 loans

AskIf – an inclusive finance company that facilitates business loans for startups and SMEs who may have been denied funding by other lenders –...

Nucleus Commercial Finance appoints new business development manager to strengthen presence in the Midlands

Nucleus Commercial Finance today announces the expansion of its Business Development team in the Midlands with the addition of Stuart Smith as Business...

‘It’s Interest that’s Stopping Interest in the Coronavirus Business Interruption Loan Scheme,’ says ParcelHero

The small business champion ParcelHero has welcomed the latest revisions to the Government’s much-criticised Coronavirus Business Interruption Loan Scheme...

Old Mill on CBILS changes: Gov is reacting to media pressure rather than making well-thought through decisions

Following the changes announced today to the Coronavirus Business Interruption Loan Scheme (CBILS), Mark Neath, Director in the Commercial Team at experts Old...

Air Group launch Coronavirus updates and Business Continuity Resources Hub

Air Group, the collective of companies covering a range of retirement and later life services, has today launched a new Hub for advisers providing Coronavirus...

Comment on FCA temporary financial relief proposals

Aneesh Varma, Founder and CEO at Aire, comments: “We welcome the FCA’s proposed measures to support users facing financial difficulties due to...

F4B and Grosvenor Funding combine to achieve four-day bridging loan to secure BTL completion

Specialist distributor First 4 Bridging (F4B) and Grosvenor Funding have combined to secure a four-day completion on a bridging loan facility which allowed a...

Nucleus Commercial Finance appoints regional sales director to build northern presence

Nucleus Commercial Finance today announces the expansion of its Asset Based Lending team (ABL) in Yorkshire, with the appointment of Riana Azam as Regional...

Call for government to include import taxes in payments to be deferred

The Institute of Export & International Trade is calling on the government to include import taxes in its COVID-19 measure of deferring the VAT, duty and...

Alcohol brand in high spirits after securing a multi-million-pound facility

The Lakes Distillery, a whisky maker with an artistic ethos, has received a £3.5 million asset-based lending facility from Secure Trust Bank Commercial...

Response to self-employed income support scheme

Richard Harris – Chief Legal Officer at global recruitment consultancy (31 countries) Robert Walters Plc: “The Chancellor’s announcement offers a...

Relief for the self-employed, but dedicated hardship fund ‘needed now’

The Chancellor’s introduction of a Self-employed Income Support Scheme for self-employed people affected by the impact of Coronavirus is welcome but does not...

New guide to managing cash in a crisis as Institute reveals early squeeze on credit

A new free guide to help small businesses manage their cashflow during the current COVID-19 crisis has been published by the Chartered Institute of Credit...

Fiducia Group launches new asset finance division to help coronavirus-hit firms access speedy funding

Fiducia Group, one of the UK’s leading financial services brokers, has launched a new asset finance division offering bespoke funding solutions to support...

Corona crisis: this is what you, as an entrepreneur, can do now

Clients are hesitant to commit, there are no orders coming in currently and new jobs are being postponed. Your business is largely grinding to a halt. And so,...

FSB: Self-employed play key role in every community in Scotland

Figures released by the Federation of Small Businesses (FSB) in Scotland show that there are thousands of self-employed people in every Scottish local...

Over 2.6 million UK SMEs predicted they would be out of business within a month if they were suddenly and unexpectedly unable to trade

With coronavirus already affecting businesses, new research from Nucleus Commercial Finance reveals that prior to the virus having an impact, nearly half of...

FSB welcomes opening of £1 billion Scottish business support fund

Scottish businesses can now apply for grants and rates reliefs to help them deal with the impact of the coronavirus outbreak, according to an announcement by...

FLA members report new business growth of 2% in January 2020

New figures released today by the Finance & Leasing Association (FLA) show that FLA members provided £11.1 billion of new business in January 2020, 2%...

Car Leasing Company Launches Virtual Quiz for Working From Home Team

A family-owned Manchester vehicle leasing company has launched its disaster recovery plan in response to the Coronavirus. There has been a huge change in...

Government must extend loan guarantee scheme to new lenders to save businesses, says Alternative Finance Association

The Association of Alternative Business Finance (AABF), representing many of the new lenders that have been the backbone lenders of many businesses following...

European Business P2P Lending Industry to Reach $6.5bn Value This Year

Over the last decade, business peer-to-peer lending, also known as crowdlending, has become an appealing alternative financial source for many European...

Twindig uses new research to level the UK’s property playing field

Property technology startup, Twindig, has today announced key findings from research on the UK housing market, carried out earlier this month. Their survey...

Landbay launches new application process and refreshed product range

Landbay, one of the UK’s leading, institutionally funded buy-to-let lenders, today improves its application process with the introduction of an instant...

UK government announces support for mid-tier businesses suffering from coronavirus impact

Following this week’s announcement of £330 billion to help Britain’s small and medium enterprises (15% of UK GDP) cope with the economic fallout of...

Devil in the Detail

Response from Optimum Finance CEO Richard Pepler to the latest set of economic support measures announced Tuesday 17 March: “UK Plc is facing a challenge...

FSB welcomes new Scottish Government economic package

This afternoon the Scottish Government outlined a new package of support for businesses facing difficulties because of the coronavirus outbreak. The value of...

£330bn support package – comment

Commenting on the Government’s new economic support package, Dave Miller, client account manager at Spicerhaart Corporate Sales, said: “Less than a week...

Economist commentary – OPEC+ Oil agreement & prices

Following the breakdown of OPEC+’s production agreement, Warwick Knowles, Senior Economist at commercial data & analytics firm, Dun & Bradstreet,...

Fiduciam extends operations in Ireland and plans new Belfast office

Fiduciam Ireland has started 2020 with a substantial increase in new business, both north and south of the border, and is bullish about the prospects for rest...

Atradius year-end result increases 12.4% to €227.7m, insurance premium rises 6.7%

Atradius’ insurance premium revenue grew 6.7% to EUR 1,759.5 million in 2019 from EUR 1,648.5 million in 2018 (6.1% at constant exchange rates). The...

Old Mill: The key points of the Budget were the changes we didn’t see

The Budget, understandably, focussed on the coronavirus and the implications on both a health and finance basis, meaning other changes that may impact...

The Budget breakdown – what SMEs need to know

In addition to the emergency interest rate cut announced by The Bank of England today from 0.75% to 0.25% which will make borrowing cheaper for businesses,...

CPS responds to the March 2020 Budget

Robert Colvile, Director of the Centre for Policy Studies, said: On coronavirus ‘This was an extremely impressive performance from the new Chancellor – and...

FSB: Policymakers right to pull out stops for smaller firms

Chancellor Rishi Sunak has delivered his first Budget, outlining a number of new measures to support smaller firms during the coronavirus outbreak. In...

Hitachi helps struggling farmers with new finance product

Hitachi Capital Business Finance today announces the launch of its Inputs Finance product directly to British Farmers to help spread the cost of acquiring...

Small businesses urge chancellor to provide increased support

UK SMEs are calling on the Government to tackle issues around business rates, late payments and the rollout of 5G in this week’s Spring Budget, according to...

New CEO at insolvency and restructuring trade association R3

Liz Bingham OBE has been appointed CEO of R3, the insolvency and restructuring trade association. She joins R3 after a 35-year career in the insolvency and...

Ventilation business secures £500K funding line

Bibby Financial Services (BFS) has provided a £500,000 funding facility to FEL Group Ltd. a ventilation and air conditioning specialist with have over 20...

Business purchase processes “getting worse” say finance bosses

Purchasing processes within UK businesses are getting worse and driving down productivity, according to a new study, with the number of finance decision makers...

Landwood Group launches commercial asset management division

Landwood Group has strengthened its offering with the launch of a new commercial asset management division. The Manchester-headquartered firm of chartered...

Brexit deal negotiations begin

As negotiations on a final Brexit deal with the EU begin, experts from the University of Salford Business School offer advice to the negotiating team. Dr Maria...

A reassuring picture and the budget may well give us a nice surprise – comment

Following the BoE mortgage lending figures today, Richard Pike, Phoebus Software sales and marketing director, says “This is our first insight into the...

One in four owners of SMEs in financial difficulty dip into personal savings to help business

Research conducted by Nucleus Commercial Finance, an alternative finance provider, has revealed that nearly four in 10 (39%) of UK SMEs encountered financial...

Coronavirus: The latest setback for global trade

Since 2007, we’ve had a financial crisis, a rise in populism that has seen many countries question the soundness of globalization as well the imposition of...

P.Keenan drive forward with FORS

P.Keenan Road Surfacing has revealed its recent success in the Northern Ireland Road Safety Awards is thanks to FORS. The family-run business, which is based...

BBB reports that asset finance provided to small businesses grew by 32% between 2014-18

Commenting on the publication of the British Business Bank’s Small Business Finance Markets 2019/20 report, which shows that asset finance provided to small...

Nucleus Commercial Finance strengthens Asset Based Lending team with two new hires

Nucleus Commercial Finance today announces the expansion of its Asset Based Lending team (ABL) with the appointment of Niall Dunphy as Senior Relationship...

Optimum Finance reports record year as it plans for further expansion in response to small business funding growth

Invoice finance firm Optimum Finance is reporting a record year for 2019 having reached a major milestone in over £100 million invoices funded last year (up...

Late payments are ‘business as usual’ for small businesses in difficulty

Late payments from customers are ‘business as usual’ for many small business owners in difficulty, according to new research from the Money Advice Trust,...

Announcing Eligible’s Advisory Board

Eligible has assembled a new Advisory Board. Comprised of mortgage industry leaders, the Advisory Board will work with management to ensure that it stays at...

New FSB report shows way forward on immigration

One in five small businesses could close or radically change their business model due to difficulties in recruiting EU workers, according to new research from...

Duff & Phelps safeguards the largest home-to-school service provider in the UK with property sale

Matthew Ingram and Tyrone Courtman, both of Duff & Phelps Ltd., Joint Administrators of Accessible Transport Group Limited, have successfully sold the...

Fiduciam finances a corporate acquisition spanning three jurisdictions

Bridging lender Fiduciam has closed a complex cross-border loan with a transaction value of €10m in the student accommodation sector, involving the...

FSB Scotland reacts to new immigration plans

The Federation of Small Businesses (FSB) in Scotland has voiced the concern of its members over the costs and administrative burdens of the UK Government’s...

Euler Hermes launches TradeMatch, an application to help companies identify export risks and opportunities

Euler Hermes, the global leader in trade credit insurance, launches TradeMatch. This new, free and easy to access web application identifies export business...

Scottish small businesses confidence falls again

Scotland’s small businesses ended a tough 2019 with confidence and profits falling, new figures from the Federation of Small Businesses (FSB) reveal. In the...

CICM Agree New Corporate Partnership with Menzies LLP

Menzies LLP, a top 20 UK accountancy firm, has become the Chartered Institute of Credit Management’s newest Corporate Partner to increase the visibility of...

Consumer finance new business grows by 1% in 2019

New figures released today by the Finance & Leasing Association (FLA) show that consumer finance new business grew in December 2019 by 12% compared with...

Asset finance market reports record new business level in 2019

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew...

Nucleus Commercial Finance enhances cashflow finance product

Nucleus Commercial Finance has today announced enhancements to its cash flow finance product, responding to feedback from brokers and broadening its appeal to...

Market Insights – North America

A new insight report by trade credit insurer Atradius shines the spotlight on North American markets, providing an inside track for any business trading in the...

UK firms move into overseas markets in post-Brexit landscape

With the UK adjusting to life outside the EU, three in four UK businesses (78%) are putting plans in place to adapt for growth post-Brexit. 18% of firms have...

Atradius publishes new economic report on Argentina: 100 days and counting

Trade credit insurer Atradius has published a new, economic review of Argentina. The report, entitled Argentina: clock is ticking 100 days after elections, is...

First 4 Bridging in Beneficial Network partnership

First 4 Bridging (F4B) has today become a preferred specialist distribution provider for the Beneficial Network. This partnership will offer Beneficial’s...

Full steam ahead for new leisure destination in Pickering with £800k funding from Reward Finance Group

A £1 million innovative glamping and leisure complex, next to the popular North Yorkshire Moors railway, is on track to be completed in Spring with £800k...

Duff & Phelps appoints Chris Coley as Managing Director in its Restructuring Advisory practice

Duff & Phelps, the global advisor that protects, restores and maximises value for clients, has appointed Chris Coley as Managing Director, further...

Ultimate Finance launches Structured Finance proposition

Specialist asset-based lender, Ultimate Finance, is today announcing the launch of its Structured Finance proposition providing a streamlined solution for UK...

Brexit statement

After more than three years since the UK voted to leave the EU, the UK and European Union have parted company with a structured withdrawal agreement. On Friday...

The Serious Fraud Office DPA with Airbus formally approved in court – comment

Last week saw the President of the Queen’s Bench Division give formal approval to the deferred prosecution agreement between the Serious Fraud Office and...

The internet – not Open Banking – is revolutionising finance

Ahead of the second anniversary of Open Banking legislation, Roger Vincent, COO of Trade Ledger, the specialist mid-market Lending-as-a-Service platform for...

Hope Capital further enhances its competitive Seven 5 product

Hope Capital has enhanced its highly competitive Hope Seven 5 bridging product due to demand from brokers and borrowers. For the first time, the Hope Seven 5...

Airbus reaches deal to settle corruption probe – Opinion

Airbus says it has agreed a settlement with French, British and US authorities following lengthy investigations into allegations of bribery and corruption. In...

Asset finance new business holds steady in November 2019

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) in...

Small Business Commissioner appointment comment: Liberis Finance

Rob Straathof, CEO at Liberis Finance, an award-winning finance provider on a mission to transform small business finance for good – comments on the...

CICM Chief appointed interim Small Business Commissioner

Philip King, Chief Executive of the Chartered Institute of Credit Management (CICM), has been appointed interim Small Business Commissioner (SBC). Mr King will...

Nucleus Commercial Finance secures £25 million in new funding from Paragon Bank

Nucleus Commercial Finance (Nucleus) and Paragon Bank PLC (Paragon) today announce a £25 million funding line that will support more SMEs through secured...

Top three most effective negotiation tactics for small businesses

It can feel like as a small business, you’re already on the back foot when it comes to negotiations, especially if you’re negotiating with a larger...

UK manufacturing exports fall despite strong demand for consumer goods

Overseas demand for British luxury goods, homeware and sports and leisure products helped an index of UK manufacturing exports recover from a seven-year low in...

FSB: New economic plan needs to be backed by a pro-business Budget

The Scottish Government’s refreshed Economic Action Plan will only deliver if backed by concrete pro-business measures in the forthcoming Scottish Government...

Leonard Curtis Business Solutions Group is seeking a buyer for Botleigh Grange Hotel and Spa

Neil Bennett and Andrew Duncan, Directors at Leonard Curtis Business Solutions Group, were appointed by MSP Capital Limited, one of the largest property...

Optimum Finance invests in market leading Open Banking and Open Accounting technology to improve financial processes for UK SMEs

Fast growth firm Optimum Finance is leading the UK invoice finance market by incorporating cutting edge technological solutions into its client approvals,...

UK export growth set to outstrip leading European economies in 2020

Growth in the value of UK exports will outstrip the rest of Europe this year with only China, the US and Canada set to record bigger increases globally,...

Profit margins tumble for food suppliers amidst currency volatility

Small food and drink producers are being urged to enhance their risk mitigation processes in a sector report by trade credit insurer Atradius. The Food Market...

Three quarters of Scottish smaller firms opposed to council rates move

Three quarters of Scottish firms believe that giving councils additional powers over non-domestic rates would be bad for business, according to a new survey...

Small businesses twice as likely to predict sales growth than cost-cutting for 2020

More than three in four small business owners (77%) are priotising new initiatives for 2020 to make their business stronger. With 2019 being characterised by...

RSM unveils growth strategy for creditor services business

Audit, tax and consulting firm RSM has announced major growth plans for its creditor services business, including substantial new investments in products,...

Ultimate Finance provides more than £1.6bn of funding in 2019

Specialist asset-based lender, Ultimate Finance, broke its own annual lending record by providing funds of more than £1.6bn to SMEs across the UK last year....

One in two business leaders fear they will be behind the tech curve in 2020

British business leaders do not believe their companies are fully up to speed with developing technologies – with only around half (53%) saying they are...

Duff & Phelps secures future of InLink Limited

Sarah Bell and Steven Muncaster of Duff & Phelps have secured a sale of the business and assets of InLink (“The Company”) having reached an agreement...

Businesses want to become greener – and hope to save cash too

Almost two thirds (64%) of small and medium-sized businesses want to improve their environmental sustainability, according to Lloyds Bank Commercial...

Resilience from UK SMEs as business performance exceeds expectations in 2019

Research from Nucleus Commercial Finance, an alternative finance provider, found that the majority of businesses have performed better than expected in 2019....

What SMEs should be focusing on in 2020

It’s safe to say the past decade hasn’t been a smooth ride for SMEs. During the first half of the 2010s, the nation was still busy recovering from the...

Rising costs and squeezed margins challenge the UK steel sector

Insolvencies in the UK steel sector are forecast to rise by 5% in 2020, according to a report from trade credit insurer Atradius. The Atradius annual Market...

Specialist lender Together appoints UK head of field sales

An experienced banking expert has joined Together to lead its professional sector and auction teams as the specialist lender bolsters its presence across the...

FSB in Scotland on Queen’s Speech

The Queen has outlined the new UK Government’s agenda, revealing plans for more than 30 Bills. Andrew McRae, FSB’s Scotland policy chair, said: “The new...

Chirag Shah, CEO, Nucleus Commercial Finance comments on the Queen’s Speech

Chirag Shah, CEO, Nucleus Commercial Finance comments: “After what may have been one of the most defining general elections of our time, it’s encouraging...

Asset finance new business grows by 2% in October

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew...

Three quarters of SMEs believe their actions impact climate change

Three quarters of SME senior decision makers in the UK and Ireland believe their business can help tackle climate change, according to Close Brothers Business...

Retail and construction failures drive rebound in large corporate failures

Major insolvencies have rebounded as retail and construction accounted for more than a quarter of world’s large corporate failures in Q3 2019, according to...

Augmenting Intelligence: what 2020 has in store

Contribution of digital workers will grow by 50% “75% of organisations are struggling to recruit digital skills, making room for a boom in the number of...

Graydon Business Intelligence Unit rewarded with national economic crime award

Graydon, one of Europe’s leading providers of business data, insights, analytics and solutions, won the prize for Outstanding Fraud Consultants at the...

The Prime Minister now has mandate to drive and deliver what the electorate and the economy need

Gary Bailey, Hope Capital’s managing director, says “With this emphatic victory for the conservatives, it proves that the people of the UK want a swift end...

Country CEOs appointed in Euler Hermes Northern Europe Region

Euler Hermes, the worldwide leader in trade credit insurance, has appointed three country chief executive officers (CEOs) within its Northern Europe Region....

Back to school for two-thirds of SME leaders as business confidence increases

The majority of leaders of small and medium enterprises (SMEs) across the country have plans to brush up their skills in 2020, according to new research from...

Trade ledger partners with Mambu to accelerate mid-market commercial lending

Trade Ledger and Mambu have partnered to transform bank and alternative finance lending to businesses. Trade Ledger will overlay its platform on the Mambu...

Venian Group secures £650k in funding to drive growth

Bibby Financial Services (BFS) has provided two funding facilities to businesses under the Venian Group of Companies. Venian Recruitment Ltd., a specialist...

Comment: UK GDP figures

Markus Kuger, Chief Economist at Dun & Bradstreet speaks about how the general election is impacting GDP growth and the wider economy. And although...

Ultimate Finance supports Brookes HC Recruitment turnaround

Brookes HC Recruitment has enjoyed a complete turnaround in fortunes thanks to Ultimate Finance providing an invoice finance facility and back office support....

ONS construction output statistics – comment

Commenting on today’s construction output data from the Office for National Statistics, Neil Knight, business development director, Spicerhaart Part-Exchange...

Reward Finance Group announces new regional managing director in Leeds

Reward Finance Group has promoted Gemma Wright to regional managing director for Yorkshire and the North East. Gemma joined the alternative finance provider as...

Britons say spending time with family is the best part of Christmas, research from Ferratum reveals

Spending time with family and loved ones is the most important aspect of Christmas, research from Ferratum Group, a global provider of mobile financial...

More than half (54%) of business owners have been impacted by Brexit uncertainty in 2019

Brexit uncertainty is taking its toll across the UK, with more than half (54%) of SME owners stating that the ongoing process is impacting how they run their...

Ho! Ho! Hope Capital slashes rates by 25 per cent

‘It’s Beginning to Look a Lot Like Christmas’ for bridging customers as Hope Capital brings ‘Joy to the World’ with its ‘Ho! Ho! Hope!’ product...

Figures released ahead of Small Business Saturday show more Scottish firms per capita

Scotland has more registered businesses per head of population now than at any point over the last ten years, according to official figures. Statistics...

Bibby Financial Services appoints Jim Davis as Managing Director for Construction Finance

Bibby Financial Services (BFS) has appointed Jim Davis as Managing Director for Construction Finance as it looks to further its support for SME businesses in...

Grit and resilience driving small businesses through unchartered times

Set against a backdrop of unprecedented change – British small businesses are remaining stoic and are facing the next three months with renewed focus and a...

Carmichael International: how to become a market leader with external funding

For Sam Carmichael, a career in the wholesale timber industry has been a hugely successful one. After gaining over 15 years’ experience working for big...

Small firms point to market uncertainty as their key barrier to growth

In just six months there has been a 26% rise in the number of small businesses saying that market uncertainty is holding their business back from growing...

FSB alarm at proposed rates changes

Tens of thousands of small businesses could face big business rates hikes as a consequence of a decision made today by a Scottish Parliament committee. Today...

Small Business Funding most certainly available

Following news from the Bank of England (BoE) that UK firms are to face their biggest lending squeeze since the financial crisis, Liberis Finance, an...

6 ways your SME can thrive during the Christmas season

It’s that time of year again. For some, it may feel like it’s been creeping up for a while, but for others, Christmas can really feel as though it’s come...

Brace yourself – Brexit impacts on future workspaces and way of life with the UK as an economic springboard

The UK has narrowly avoided a recession by the skin of its teeth. Many sectors have been affected, along with their terms of trade, but avoiding a recession...

Business leaders worried about post-Brexit tech threats

At a time when both main political parties have made separate pledges to tackle cyber-crime, new research shows a worrying lack of preparedness among...

Castle Corporate Finance Scaling New Heights

Independently owned corporate finance adviser, Castle Corporate Finance, is a proud sponsor of the Scale-Up category at the Lloyds National Business Awards....

Homeowner business loan of £103k helps client’s office relocation

A businessman is set to move offices and upgrade his company’s IT systems thanks to a commercial loan secured against his family home. Specialist lender...

BFS appoints Steve Taylor as Business Development Manager

Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Steve Taylor as Business Development Manager for Construction &...

Contribution of digital workers to grow by 50% in two years, finds new global research

New survey from leading research firm IDC has revealed the true extent of software robots supporting humans in the workplace. The IDC whitepaper, Content...

“Let’s move beyond Brexit and focus on the real priorities of businesses across the country,” says Forum of Private Business

Investment is on hold, and no one is taking risks in the current environment, because Brexit uncertainty has stifled businesses, according to leading business...

Recruitment company secures £800,000 facility to drive growth

Bibby Financial Services (BFS) has provided a £800,000 funding facility to D&A Recruitment Ltd., an independent recruitment company specialising in a...

Shawbrook Bank unveils new business savings accounts as it announces launch of its revamped SME savings proposition

Shawbrook Bank has today announced the launch of a new Business Savings Easy Access account as it begins the roll‐out of its enhanced SME savings...

First 4 Bridging adds InterBay Commercial to lending panel

Specialist distributor First 4 Bridging (F4B) has announced the addition of specialist lender, InterBay Commercial, to its lending panel. This addition will...

Hitachi Capital Business Finance to offer relief funding for flood affected small businesses

With many areas of the country facing further flood alerts over the new few days – with 115 areas expected to be hit – leading asset finance firm...

1st Stop Group’s loan book passes £250 million mark

1st Stop Group Limited, the specialist consumer lender, is delighted to announce it has passed £250 million of outstanding loans. 1st Stop Group – a...

Over half of UK’s SMEs are unprepared for Brexit despite another missed exit date

Over half (54%) of the UK’s SMEs, equating to 3.1 million businesses, admit they had not prepared in any way for Brexit ahead of the 31 October deadline...

Castle Corporate Finance Ready to Scale New Heights

Independently owned corporate finance adviser, Castle Corporate Finance, is a proud sponsor of the Scale-Up category at the Lloyds National Business Awards....

MarketFinance set to transform business lending industry

MarketInvoice has today updated its name to MarketFinance. The fintech business lender established in 2011, has provided over £2.6 billion in lending to...

Scottish engineering specialist secures £750K funding line

Bibby Financial Services (BFS) has provided a £750,000 funding facility to Pentland Material Supply Ltd., a specialist engineering solutions provider serving...

ONS construction output – comment

Commenting on today’s construction output data from the Office for National Statistics, Neil Knight, business development director, Spicerhaart Part-Exchange...

BFS makes key trade finance appointment

Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Karl Leitelmayer as its Head of Business Centre for Trade Finance....

Corby-based renewable power specialist expands global reach with funding from Reward Finance Group

Corby-based Aten Global, a specialist in the design, installation and implementation of innovative solar renewable power solutions, is extending its global...

New figures show 26 more Scottish businesses per day

Official figures published today show the number of businesses operating in Scotland is at a record high and that small and medium sized firms now account for...

Nucleus Commercial Finance makes changes to cash flow finance product

Nucleus Commercial Finance, an alternative finance provider, has today announced changes to its cash flow finance product, delivering more finance options for...

Financial tips and tricks to enhance your business’s bottom line

Paperwork isn’t the most exciting part of running a small business, and spending valuable time balancing payments or issuing invoices is no-one’s idea of...

Chirag Shah, CEO, Nucleus Commercial Finance comments on today’s CBI SME Trends Survey

The full report can be found here and the main findings show business optimism amongst SME manufacturing firms deteriorated in the three months to October, at...

New breed of CFO has emerged, says Sage report, as data analytics drives finance

A new report from Sage, the market leader in cloud business management solutions, says the role of the Chief Financial Officer (CFO) has changed forever. Their...

Asset finance new business grows by 5% in September

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5%...

Atradius Releases Report On Eastern Europe

A report by trade credit insurer Atradius reveals the top trading risks within Eastern Europe’s major markets. The Eastern Europe Country Report is designed...

David Capdevila appointed new Chief Executive Officer (CEO) of Atradius N.V.

From 1 January 2020, he will replace Isidoro Unda who has announced his departure after 12 years as the insurance company’s Chief Executive Officer. At...

Liberis funding helps florist bloom

Doncaster-based Chantal’s Perfect Day Florist is a business that is going from strength to strength, thanks in part to a flexible funding solution designed...

Half of private sector jobs dependent on resilience of smaller Scottish firms

Scottish firms should prepare for unsettled trading conditions as governments take action on climate change and the country grapples with a series of major...

Global lending automation platform Trade Ledger announces £1.5m funding round led by Hambro Perks

Trade Ledger, the ground-breaking business lending platform, which automates commercial lending processes for global banks and alternative finance providers,...

Atradius: Economic uncertainty takes its toll on UK business payment practices

Sales on credit are on the up despite the prevailing economic challenges as UK businesses strive to appear more attractive to potential customers, reveals the...

MarketInvoice to bolster UK economy by supporting larger businesses as it increases credit facilities

Business finance company MarketInvoice, has launched a new specialist team to provide finance facilities for Britain’s larger businesses. Having provided...

Joint call to make deposit scheme work for smaller firms

As a Holyrood committee calls for comments [1] on Scotland’s proposed deposit return system [2], small business leaders and environmentalists have come...

UK trade volumes fall but numbers of manufacturers exporting rises

UK exports fell in Q3 amid a global slowdown in economic growth and rising international trade tensions, according to the latest Lloyds Bank International...

Celebrating Christmas improves productivity for finance workers

Implementing Christmas traditions in the workplace can boost productivity levels, new research has found. A study carried out by Christmas Tree World, the...

UK trade volumes fall but number of manufacturers exporting rises

UK exports fell in Q3 amid a global slowdown in economic growth and rising international trade tensions, according to the latest Lloyds Bank International...

Housing development takes shape following £7million funding package

Established specialist lender Together has agreed a £7million funding facility for a luxury family-orientated homes development in the North West. Bespoke...

Just Loans Group named as a ‘Company to Inspire Britain’ in new report

JLG Group is focussed on providing a real alternative to traditional UK Business Banking and has been identified as one of London Stock Exchange Group’s 1000...

City and sector breakdown of businesses in UK preparedness levels for Brexit

Almost two in three UK businesses (63%) say they will not be ready for Brexit by 31 October – and 26% say they need a further 6-12 months to get their...

Jade McClellan joins Bibby Financial Services’ Trade Finance team

Bibby Financial Services (BFS) has appointed Jade McClellan as a Relationship Manager for Trade Finance. Jade joins BFS with 18 years’ experience in the...

Avetta Names Arshad Matin Its New President and Chief Executive to Drive Next Stage of Growth

Avetta, one of the world leaders in providing cloud-based supply chain risk management solutions, announced today that its Board of Directors has appointed...

Institute of Export & International Trade Appoints New Director General

The Institute of Export and International Trade is pleased to announce the appointment of Marco Forgione as its new Director General. Mr Forgione, currently...

Start-Up Loan helps to bring a new lease of life to Polegate gastropub

Vibrant, family-friendly community pub, The Junction, opens in Polegate following support from a start-up loan. The project will revive a run-down pub into a...

Fiduciam continues rapid expansion

Fiduciam has met its target of hiring 25 new staff members in 2019, hiring ten new people during the Summer. Its team now combines 15 nationalities speaking 21...

Potential Brexit outcomes put the construction and manufacturing sectors at risk

The UK’s impending exit from the EU is likely to be an epochal moment. Depending on the form of the exit, there could only be minor impacts, or there could...

BFS signs-up to SME Finance Charter to provide Brexit support for UK businesses

Global SME partner, Bibby Financial Services (BFS) has announced its support for the Business Finance Council’s SME Finance Charter, in a bid to improve...

Ultimate Finance signs the SME Finance Charter to counter business Brexit uncertainty

Specialist asset-based lender, Ultimate Finance, today announced its commitment to small and medium sized enterprises (SMEs) in the face of Brexit uncertainty...

Eskuta on the road to success – next stop: Europe

After a successful career in the fashion industry, Ian O’Connor decided to develop a new electric bike / scooter business. Having witnessed the rise of...

Atradius’ publishes South Africa trade report

Trade credit insurer Atradius has published a report on South Africa for businesses trading, or considering trading, within the country. The South Africa...

Manufacturers are taking control of energy saving with Energy-as-a-Service

A new research paper from Siemens Financial Services (SFS) says innovative Energy-as-a-Service solutions can help UK manufacturers save up £5.6 billion over...

Big rise in small businesses taking legal action on late payment

Two in five small business owners (40%) say they are taking legal action against customers not paying them on time and many bosses are foregoing their own...

CPS welcomes new CBI figures on cost of renationalisation

The CBI is set to release a new analysis of Labour’s renationalisation plans on Monday 14th October 2019. It estimates the upfront cost of taking the...

Global network of financial centres plan huge growth in sustainable finance and launches regional programme for Africa

Maintaining the momentum of the Secretary-General’s Climate Summit last month, a global network of 30 financial centres – accounting for $61.3 trillion in...

Price Bailey makes four more senior-level promotions

Price Bailey has made four more senior-level promotions including Sarah Pool to Director and Stephanie Lloyd, Gemma Thake and Louise Fox to Senior Manager with...

Asset finance new business holds steady in August​

New figures released today by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) held...

Fiduciam expands into Scotland

Bridging lender Fiduciam has expanded into Scotland and has now completed its first transaction there, enabling the refinancing of a Glasgow care home. This...

Providing SMEs with Flexibile replayment options in challenging times

Hitachi Capital Business Finance this week launches a new Smart Funding flexible payment plan to help thousands of small business owners secure growth funding...

Benchmarking launch

The British Exporters Association (BExA) today launches its 10th annual benchmarking of UK Export Finance (UKEF), which provides an analysis of UKEF’s...

Report Busts Myth that Social Businesses are Slow-Growth Businesses

Social Businesses are becoming an increasingly important area of the UK economy but need support to grow faster, a new report – produced jointly by the...

World’s SMEs say rising costs are greatest challenge in 2019

Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME...

Ultimate Finance strengthens North West presence

Specialist asset-based lender Ultimate Finance is building on the strength of its record H1 results by investing significantly in its North West sales team....

The Fiducia Group launches New Corporate Finance Division

The Fiducia Group, one of the UK’s leading financial services brokers, is today launching Fiducia Corporate Finance.   Fiducia Corporate Finance will...

UK construction and MUS sector decline – Brexit commentary

“Although most of Western Europe is showing increasing level of stress against the backdrop of slowing global growth and an escalating trade war, the...

IndustrialComms takes on bigger projects with the help of Siemens Financial Services

IndustrialComms is enjoying greater cash flow flexibility as a result of Siemens Financial Services’ (SFS) Extended Payment Terms (EPT) tool. Launched...

Bibby Financial Services appoints Head of Operations for Construction Finance

Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Alberto Argentieri as its Head of Operations for Construction...

Huntswood appoints Martin Dodd CEO

Martin Dodd has been appointed Huntswood’s new Chief Executive Officer. He joins from Lloyds Banking Group, where most recently he was Managing Director of...

No-deal preparations coming at a cost for small firms – comment

“When we combine persistent uncertainty and lack of planning resource, it’s no surprise to see smaller businesses voice their concern about the no-deal...

Businesses report that continued Brexit uncertainty is now having real impact

As the Conservative Party gathers in Manchester for its Annual Conference, the Greater Manchester Chamber’s latest Quarterly Economic Survey, completed by...

R3 responds to Transport Minister’s airline insolvency plans

More consultation is needed before the Government progresses plans to change how planes are used in airline insolvencies, R3, the insolvency and restructuring...

Lloyds first UK bank to partner with blockchain trade finance platform

Lloyds Bank Commercial Banking is to become the first UK bank to partner with komgo to enable quicker international commodity trade finance using distributed...

Liberis Finance reveals new identity and website for an enhanced customer experience

Liberis Finance has had a facelift, with a new identity and website that better reflects its status as one of the UK’s leading alternative finance providers....

Bank of England forecast – Comments

“Today’s decision to maintain the current monetary policy stance comes against the backdrop of further easing in the euro zone and in the US. However, as...

Impact Specialist Finance goes on tour with Autumn Breakfast Broker Seminars

Impact Specialist Finance, the specialist mortgage broker and distributor, has announced a series of Autumn Breakfast Broker Seminars. There will be five...

Southampton developer to progress scheme with funding facility from Reward Finance Group

Firgrove Holdings Limited, which operates a range of companies within the land, property, funding and development sectors, is preparing to complete its latest...

Atradius Payment Practices Barometer: Eastern European businesses increase sales made on credit but future outlook clouded by insolvency

Businesses in Eastern Europe are conducting significantly more sales on credit to boost their competitiveness in overseas markets, reports leading trade credit...

What Brexit blues? New research reveals nearly half of UK businesses believe Brexit will have a long-term positive impact

A new state-of-the-nation study into how UK businesses are prepared for Brexit, has revealed a staggering 43% of businesses believe the process of exiting the...

Nucleus Commercial Finance delivers £414,000 facility to leading Midlands electrical contractor to fund business expansion

Nucleus Commercial Finance has agreed to provide a £414,000 finance facility to On Power Electrical & Mechanical, supporting the company’s business...

Iceland’s slowdown underlines the need to fix structural issues, says OECD

Sound macroeconomic policies and favourable external conditions have enabled Iceland’s economy to emerge stronger from a decade of post-crisis management....

Commenting on the price of oil following the attacks on Saudi Arabia’s production facilities

Commenting on the price of oil following the attacks on Saudi Arabia’s production facilities, Lionel Kruger, Director at JCRA, said: “In a sobering display...

Commenting on the rise in oil prices following an attack on Saudi Arabia’s oil infrastructure

Commenting on the rise in oil prices following an attack on Saudi Arabia’s oil infrastructure, Artur Baluszynski, Head of Research at Henderson Rowe, said:...

Wholesaler secures £800,000 funding line ahead of festive period

Bibby Financial Services (BFS) has provided a £800,000 funding facility to Triflora International Ltd, an importer of seasonal homewares supplying prominent...

Asset finance market grows by 8% in July

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) overall...

Bibby Financial Services appoints Theo Chatha as Chief Financial Officer

Global SME partner, Bibby Financial Services (BFS), has announced the appointment of Theo Chatha as Chief Financial Officer. Prior to joining BFS, Theo spent...

Over half of SMEs have business ambitions they cannot fund

Research from Nucleus Commercial Finance, an alternative finance provider, reveals that more than half (52%) of UK SME owners have business ambitions they feel...

Atradius Collections releases latest International Collections Handbook

The annual publication International Debt Collections Handbook of Atradius Collections covers extensive debt collections approaches in 48 countries around the...

Small business owners turn to their pets about work problems

With many Brits facing burnouts at work and with cases of business stress on the rise, the new research suggests that most small business owners build a...

Together helps customer to bridge the gap with 36 hour turnaround

Specialist lender Together has helped a customer renovate his new home and pay a solicitor’s bill after he was hit with an unexpected three-month delay on...

Norman Broadbent Group plc receives multi-million funding line from Bibby Financial Services

Bibby Financial Services (BFS) has provided a multi-million funding line to Norman Broadbent Group plc (AIM: NBB), a leading London listed Professional...

Commenting on the Euro zone’s meagre GDP growth for Q2

Commenting on the Euro zone’s meagre GDP growth for Q2, Chris Towner, Director at JCRA, said: “Q2 GDP from the EU was confirmed at 0.2%. Meagre growth and...

Beat your managers’ “back to work blues” by giving them a tough project, hard work… and a bit more respect

While there is a strong and overdue focus on improving the work-life balance in many organisations, new research shows most managers are still at their...

Business organisation launches simple checklist to helps firms keep the cash flowing through Brexit

A simple checklist for businesses to help keep the cash flowing regardless of the Brexit outcome has been published by The Chartered Institute of Credit...

David Fletcher Joins Credit Kudos as VP of Sales

Credit Kudos, challenger Credit Bureau, has strengthened its team with the appointment of David Fletcher as VP of Sales. David joins Credit Kudos after 5 years...

Esker becomes new CICM corporate partner

Esker, a leader in Artificial Intelligence (AI) driven process automation solutions, has become a Corporate Partner of the Chartered Institute of Credit...

CICM offers cautious welcome to new proposals to tackle late payment

The Chief Executive of the Chartered Institute of Credit Management Philip King has given a cautious welcome to the Government’s call for evidence in...

Bibby Financial Services appoints Global Head of Innovation to lead the development of new products and services

Bibby Financial Services (BFS) has appointed Jonathon Preen as its new Global Head of Innovation to help bolster its global business offering. Jonathon joins...

1st Stop Group announces significant increases in funding facility

1st Stop Group Limited (“1SG”), the specialist consumer lender, is pleased to announce that it has increased its credit facilities with its current...

Sickness absence and presenteeism in small businesses

Employees are an important part of any business. But in SMEs, a smaller team means that your people are even more vital to the overall success of your...

FSB comment on Scottish Affairs bank closures report

The Scottish Affairs Committee will be publish a new report today that recommends new action to prevent bank branch closures and protect Scotland’s cash...

Veenak International plans for ambitious growth with additional funding

Birmingham-based business, Veenak International, has established itself as one of the UK’s leading wholesalers in the healthcare space. Their medicines,...

First 4 Bridging expands into second charge market

First 4 Bridging (F4B) has expanded its specialist distribution offering into the second charge mortgage market. The specialist distributor has set up a...

Forum of Private Business lobbying pays off as the Pub Code Adjudicator steps down

Leading business support organisation, the Forum of Private Business, is heralding the announcement that the Pub Code Adjudicator is to step down as a victory...

Asset finance market grows by 6% in June

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 6%...

Customer currently not number 1 for CFOs as 32% of companies still yet to start their digital transformation

According to almost two-thirds of CFOs (65%), digital transformation will result in fewer jobs, despite the fact that 32% of organisations aren’t currently...

Specialist lender Together appoints corporate relationship director in the North

A property finance expert has joined specialist lender Together as its corporate relationship director covering the North of England. Alex Garland, who has...

Bright future for Egypt’s health tourism industry

Egypt’s rapidly expanding health tourism industry and its role in helping the country to educate and retain medical professionals is explored by Shady Ali...

Landlords much more likely to purchase via limited company vehicles, Foundation Home Loans research reveals

The latest landlord research from Foundation Home Loans, the intermediary-only, specialist lender has revealed that landlords who are planning to add to...

Jersey expansion for CVR Global

Insolvency and restructuring firm CVR Global is strengthening its overseas presence after acquiring an office in Jersey. The Moore Stephens Restructuring and...

Why firms need to make sense of their space for flexible working

UK employees now have a legal right to request flexible working, and while employers don’t always have to accept, the direction of travel is clear. More and...

Small business confidence on the rise after two year low

Set against the warnings of a shrinking UK economy and full-blown recession, the nation’s small business community is holding strong – with an upturn...

White & Case and Cooley join 42 other law firms harnessing Shieldpay’s solutions

London based fintech Shieldpay today announces that 44 law firms are utilising Shieldpay to improve efficiencies and deliver secure payments to help rid the...

UK business owners admit their biggest regrets

UK business owners have revealed their biggest regret was the way they financed their business during the start-up period. Significantly almost one in four...

Just Mortgages to offer commercial mortgage advice thanks to partnership with commercial broker Fiducia

Five brokers in Just Mortgages’ self-employed division will now be trading as commercial brokers thanks to a partnership with leading commercial broker...

Second charge repossessions fall in Q2 2019

New figures released today by the Finance & Leasing Association (FLA) show that the number of second charge mortgage repossessions in Q2 2019 was 24, 38.5%...

Paragon Bank completes development finance migration onto Phoebus

Paragon Bank has completed the migration of its development finance lending portfolio onto the Phoebus development finance module. It follows Paragon’s...

Atradius welcomes Darren Power to its Northern Hub

Trade credit insurer Atradius has confirmed the appointment of Darren Power as head of commercial for the north. Darren, who has more than 20 years’...

8 Top Tips for Improving Your SME’s Cash Flow

According to Bacs (the company which runs Direct Debit in the UK), 52% of SMEs in the UK are owed monies from late payments. The average late payment debt now...

Response to CBI SME Trends Survey

Chirag Shah, CEO, Nucleus Commercial Finance comments on today’s CBI SME Trends Survey: “Amid broader political uncertainty, it’s hardly surprising to...

New Consultant Partner for Forums International

Forums International is delighted to announce that Martyn Brooke has joined the organisation as a Consultant Partner and will be working closely with Laurie...

Lex Jones appointed chief executive of Registry Trust

Lex Jones takes over as chief executive of Registry Trust on July 30, having been interim ceo from March 1. Registry Trust is the mission-led non-profit which...

Leading business advisory firm strengthens its presence in the UK

One of the UK’s fastest-growing business advisory firms has strengthened its footprint across the UK with a flurry of acquisitions. The Baldwins Group have...

Smaller businesses in Scotland, Wales and NI react to PM funding pot announcement

Prime Minister Boris Johnson is visiting Scotland for the first time today since taking office and has announced a £300 million funding pot for communities in...

Forum of Private Business outlines 8 actions for Boris and his new government

The Forum of Private Business (FPB) has outlined 8 action points it believes should be top of the new government’s priority list, following Boris Johnson’s...

Nearly half of SMEs are struggling with cashflow as Brexit burden drains resources

Nearly half (44%) of the UK’s SMEs, equating to 2.5m businesses, are struggling with cashflow as they attempt to prepare for Brexit, according to the latest...

Commenting on annual wind energy provided to the UK grid achieving record levels

Commenting on annual wind energy provided to the UK grid achieving record levels, Harry Merrison, Investment Manager at Kingswood, said: “The figures...

Increase in entry levels for industry technology awards at UKCCC

A record number of entries have been reported for this year’s Credit and Collections Technology Awards, devised by Credit Connect and hosted by the Credit...

UK exports fall in the face of global trade tensions

Whilst the export of goods from the UK fell in Q2 2019, larger UK manufacturers remain focused on export growth with the highest proportion of companies...

Crystal and Together complete tasty deal with The Food Group

Nine directors of the same company have secured a £1million funding package – through second charge loans secured against their homes – to expand...

Rise in CCJs again businesses

County court judgments against businesses in England and Wales rose four percent in the first half of 2019, according to figures released today (July 24) by...

Experian & Funding Xchange team up give SMEs better chance of securing finance

Today sees the launch of a new partnership between Experian and Funding Xchange, the leading online small business funding platform. Their collaboration will...

SMEs access finance in minutes with new partnership between Experian & Funding Xchange

Today sees the launch of a new partnership between Experian and Funding Xchange, the leading online small business funding platform. Their collaboration now...

Luxury outdoor furniture increases global presence with funding from Reward Finance Group

Akula Living, which provides top quality outdoor furniture to many of the world’s luxury hotels, cruise ships and hospitality venues, has stepped up...

Smart financing is enabling manufacturers to invest in energy optimisation without the need to commit capital

Siemens Financial Services (SFS) has released a new research paper examining how UK manufacturers can more easily implement energy optimisation solutions to...

Body-worn cameras “not nearly enough” to resolve bailiff problems on their own

The Ministry of Justice has today announced the introduction of compulsory body-worn cameras for certificated bailiffs and High Court Enforcement Officers,...

Enforcement industry supports body worn video

Responding to the Justice Ministers’ decision to mandate the use of body-worn video for civil enforcement agents, Russell Hamblin-Boone, CEO of the Civil...

TALL Group / AIB Bank Launch New Image Quality Tool…

The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has developed an API that allows financial...

Atradius welcomes Darren Power to the Atradius Northern Hub

Darren, who boasts over 20 years’ experience in the insurance industry, will join the Manchester based Atradius Northern Hub this month. Mr Power moves to...

Specialist lender Together hires corporate relationship director for the North West

An experienced banker has joined Manchester-based financial institution Together as its corporate relationship director covering the North West region. Alex...

Boost for Scottish business as decrees plummet

According to figures released today (July 17 2019) by Registry Trust, the number of decrees against Scottish businesses dropped by 28 percent in the first six...

TransUnion Announces New Partnership With Leeds United

TransUnion – a leading credit reference agency and global information solutions provider – has announced its partnership with prestigious football club...

Personal insolvencies more common among women, and people living by the sea or in the North East – R3 comments on 2018 statistics

More women than men in England and Wales became insolvent in 2018, following a pattern which has been in place for several years, says insolvency trade body...

18 more businesses penalised for failing to pay suppliers on time

Eighteen companies – including BT Plc, British American Tobacco, and Centrica – have been suspended from the Prompt Payment Code for failing to pay...

Specialist financial recruitment consultancy sees 44% rise in revenue

Woodrow Mercer Finance, the Leeds-headquartered financial search and selection consultancy, is performing strongly with revenue continuing to show significant...

Shield’s RegTech Solution Wins Two Categories in Prestigious FinTech Awards 2019

Specialist RegTech provider Shield is proud to announce it has won two categories in the well-respected Wealth and Finance International FinTech Awards 2019....

New research shows customer complaints experience at odds with financial services firms’ perception of service

UK financial services firms are underperforming when it comes to complaints handling, despite their growing belief that customers are satisfied with their...

Family-run food wholesaler flourishes with £1 million funding facility

Tuber Produce, an independent fresh food wholesaler, has secured a Trade and Invoice Finance facility worth £1.15 million from Bibby Financial Services (BFS)...

Eight years of continuous growth for Reward Finance Group as income grows by 39 percent

eward Finance Group, the Leeds and Manchester alternative finance provider, has posted record year-end figures for the eighth consecutive year, as it continues...

Almost two-thirds of CFOs expect digital transformation to impact employment

The majority of CFOs (65%) expect digital transformation to significantly reduce the number of jobs in the financial services industry, according to the...

BFS provides funding line to Yorkshire automotive manufacturer

Bibby Financial Services (BFS) has provided a funding facility to Complete Automotive Aftermarket Solutions Ltd., a Yorkshire-based automotive manufacturer...

Indesser appoints Rhona Parry as CEO

Indesser, a joint venture between TDX Group (an Equifax company) and the Cabinet Office set up to manage consumer debt to government departments more...

Safer Scotland signs up new Finance Manager as growth and development drive continues

Rapidly-expanding, tech-driven security specialist Safer Scotland has strengthened its financial infrastructure with the appointment of a new Finance Manager...

FICO and telecom leaders awarded for AI-driven business assurance marketplace

Global analytic software firm FICO was part of a team that won the Outstanding Business Impact Catalyst award from the industry association TM Forum, for a...

Technology laggards face extinction unless they transform their approach to innovation, CBI-Oracle report finds

Conventional wisdom has it that large companies always have the resources and ‘know-how’ to compete. Yet in an age of disruption, many larger businesses...

£400k funding package for luxury fashion wholesaler

Manchester-based fashion start-up, Grandeur Clothing has secured a £400,000 invoice and trade finance facility from Bibby Financial Services (BFS) to support...

Drooms strengthens Artificial Intelligence capabilities with the appointment of new Machine Learning Team Lead

Drooms, Europe’s leading provider of secure cloud solutions in Europe, is further expanding its expertise in the fields of machine learning and natural...

The “real MVP” : UK SMEs valued at £3tn!

The latest MarketInvoice Business Insights1 survey sheds light on company valuations and priorities of UK SME business owners. The survey finds that the...

Study finds one in five UK businesses loses revenue and customers due to inaccurate data

A new report from Dun & Bradstreet reveals businesses are missing revenue opportunities and losing customers due to bad data practices. Almost 20 percent...

Equipment manufacturers expect integrated finance to boost sales by over 25%

Siemens Financial Services (SFS) has released a new research paper examining the importance of integrated finance in enabling manufacturers to invest in...

Tinubu appoints new Group Sales Director

Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions, has announced the appointment of Sophie Riottot as Group Sales...

Law firm reports increase in turnover and profit despite significant new investment

Law firm Howes Percival has once again seen an increase in its turnover and profit according to its most recent financial results. The turnover of the firm...

Trade Ledger launches new cloud technology for Invoice Finance Providers

Trade Ledger, the world’s first open banking business lending platform has launched a new turn-key Automated Invoice Finance Platform for banks and...

The Institute of Export & International Trade and Bibby Financial Services join forces to support UK importers and exporters

The Institute of Export & International Trade (IOE&IT) and one of the UK’s leading independent financial services providers, Bibby Financial...

British businesses sitting on £600bn that could be used to fund growth

British businesses could have £593 billion locked up in excess working capital, potentially hampering growth and leaving them exposed to economic uncertainty,...

Can people make good decisions in your meeting rooms? It may be dangerous to assume they can

Pack people into a meeting room and the longer the meeting lasts the higher the carbon dioxide (CO2) levels rise and the faster their cognitive ability...

Bibby Financial Services appoints Global Head of Digital

Bibby Financial Services (BFS) has appointed digital marketing expert and renowned pâtissier, Laure Moyle, as its Global Head of Digital to help drive its...

Form3 in partnership with Ebury Partners are awarded £5m funding

The Board of Banking Competition Remedies Ltd (BCR) has announced today that Form3 in partnership with Ebury Partners are awarded £5m funds of the Capability...

Three quarters of financial services firms are family businesses

A new report by the Institute for Family Business Research Foundation reveals the sizeable contribution family firms continue to make to the UK economy. In...

Scottish Small Business Confidence Springs Back

Scottish business confidence has bounced back into the black for the first time in a year, according to new figures from the Federation of Small Businesses...

Asset finance market grows by 7% in April

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7%...

Family-run print business secures £250k funding to aid growth

Bibby Financial Services (BFS) has provided a £250,000 Invoice Finance facility to Thomas Loughlin (Liverpool) Ltd, a high-quality print finisher working with...

The Big 4 predicament: Incompetence, obfuscation and sometimes fraud

In response to the latest report from BEIS into the future of auditing, it’s clear that radical reform of the auditing profession is now inevitable and...

Comment: UK car production plunges amid ‘untold damage’ of Brexit

“Although partly explained by factories being closed for repairs and servicing equipment earlier than usual due to Brexit supply chain concerns, the...

UK employees are the least trustworthy, research shows

More employees have been caught for occupational fraud in the UK than anywhere else, research from SAS shows. Over half (59 per cent) of UK businesses have...

UK Finance stats: Increasing debt, Jamie’s Italian – a warning sign that arrears and repossessions will increase further

Mark Pilling, MD at Spicerhaart Corporate Sales comments on the latest household finance update stats from UK Finance, he says the fact credit card spending...

BFS provides £5m funding line to Aspray Group to drive growth

Bibby Financial Services (BFS) has provided a £5 million working capital facility to international delivery and logistics company, Aspray Group, following its...

Arbuthnot Specialist Finance secures VAS Group for core valuation services

Newly launched Arbuthnot Specialist Finance Limited (ASFL) has appointed VAS Group to manage all valuations work, with VAS Panel supplying full panel...

West of Scotland interiors specialist named FSB UK Young Entrepreneur of the Year

West of Scotland based Liv Conlon was named UK Young Entrepreneur of the Year at the Federation of Small Businesses’ (FSB) annual awards in London last...

CICM highlights success of Code in changing payment behaviour

Fifteen of the seventeen businesses highlighted for poor payment practice in May have filed action plans or are preparing submissions to improve their...

‘British Steel insolvency could be more wide-ranging than we imagine’

That was the message from Rick Smith, Managing Director of Grimsby-based company rescue and recovery specialist, Forbes Burton as it has been reported British...

Can Your Business Afford To Ignore Mental Health In The Workplace?

Looking at these statistics, there are two questions that every employer in this country should currently be asking themselves: How can I best support my...

GLEIF Pioneers the Inclusion of Legal Entity Identifiers (LEIs) in Machine-Readable Financial Reports

The Global Legal Entity Identifier Foundation (GLEIF) has today pioneered the inclusion of a Legal Entity Identifier (LEI)* within digital, machine-readable...

British Steel on verge of administration

Dr Jonathan Owens, supply chain and logistics expert at the University of Salford Business School, comments on British Steel asking for a £75m loan form the...

Financial position of the corporate sector strengthened by strategic credit management

Strategic credit management is essential to further strengthening the financial position of the UK business community. Predictive, data-driven credit insights...

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms,...

Gift wrapping wholesaler secures £1 million funding line to support overseas trade

Bibby Financial Services (BFS) has provided a £1 million Trade and Invoice Finance facility to Crown Greetings UK Ltd, a family run gift wrapping wholesaler...

Atradius lifts the lid on North America

A report detailing the major economic and political updates of North American markets has been published by global trade credit insurer Atradius. The Atradius...

New help for exporters

For a business new to exporting, finding all the information you need can be daunting. A new website, launched by Essex based independent broker EFCIS could...

Brokers see fintech such as AI/Robo-advice as the biggest technological threat to their businesses

United Trust Bank’s latest ‘Broker Sentiment Poll’ has revealed that nearly 9 out of 10 (84%) brokers believe that advances in technology over the next...

Reward Finance Group helps North-East company to invest £500k in the latest fitness machine technology.

North-East based Speedflex, which was established and funded by entrepreneur Graham Wylie, one of the original founders of Sage, and Paul Ferris, ex Newcastle...

Network infrastructure provider secures £1.5m funding line

Bibby Financial Services (BFS) has provided a £1.5 million funding facility to Dorset-based Ensign Communications, a respected network infrastructure provider...

Ultimate Finance prepares for next phase of growth

Ultimate Finance today announces structural changes to streamline the way the lender operates as it prepares for its next phase of growth. Josh Levy, CEO of...

MotoNovo Finance and Aldermore Complete Integration

MotoNovo Finance has today announced it has become part of Aldermore, following its successful integration with the UK specialist bank. The announcement comes...

New appointment for Atradius’ Northern Hub

Trade credit insurer Atradius has appointed a new business development manager for its Northern Hub. Chris Williamson joins the Atradius North team as the new...

Duncan Swift becomes president of insolvency and restructuring trade body R3

Duncan Swift, Corporate Advisory Services Partner and Head of the Food Advisory Group at Moore Stephens, has been appointed president of insolvency and...

Asset finance market grows by 11% in March

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by...

Target Group strengthens senior team with new Chief Commercial Officer

Target Group, the business process outsourcing (BPO) and operational transformation provider, has today announced the appointment of Stuart Anderson as Chief...

Liberis Finance helps Diva Pets achieve Number One status!

Liberis Finance, an award-winning funding provider for small businesses, is helping Diva Pets to invest in new products, services and staff training to grow...

Scottish electrical manufacturer secures £1m funding line

Bibby Financial Services (BFS) has provided a £1 million funding facility to Power Jacks, an Aberdeen-based electrical design and manufacturing company with...

ArchOver drives UK expansion in Hertfordshire & Bedfordshire

ArchOver, the P2P business lending platform, is expanding its presence in the UK with a new office in Hatfield. The regional hub will provide successful...

Atradius: Transparency is key to protecting retail supply chain

Retailers are being encouraged to work with insurers to enable informed and accurate trade credit decisions, reports leading credit insurer Atradius. In its...

Touch Financial hires Richard Leader as new Head of Digital

Touch Financial Support, the UK’s largest Invoice Finance broker, has appointed a new Head of Digital to underpin its ambitious growth plans with strong...

Immigrant-led businesses’ £13 billion contribution to Scotland

One in ten smaller businesses in Scotland is led by an immigrant entrepreneur and these firms contribute more than £13 billion to the Scottish economy and...

Small business owners unable to sleep at night

More than three in four small business owners (76%) say business worries keep them awake at night. Whilst sleepless nights are most prevalent among owners of...

New Efma digest uncovers the potential of SME ecosystems

Efma’s latest digest, titled ‘SME Banking: Cracking the small business ecosystem’, highlights key areas of focus that will help banks position themselves...

Foundation Home Loans launch series of BTL Breakfast Clubs across the country

Foundation Home Loans, the intermediary-only, specialist lender, has today (29th April 2019) announced a series of buy-to-let Breakfast Club events which will...

Atradius reveals construction sector concerns

A report from trade credit insurer Atradius reveals payment delays and insolvencies are expected to weigh heavily on the construction industry this year. The...

Returns for Britain’s private landlords drop, while strong returns have instead come from investing in corporate residential landlords

Property investment specialist BondMason has created a new index to help Britain’s private landlords and investors benchmark the performance of their...

£965,000 finance deal from Reward Finance Group underpins construction firm rescue

Construction boss Lilliana Savchuk has rescued her company from the brink thanks to commercial finance support from Yorkshire-based brokers ABL Business and...

Low productivity jobs continue to drive employment growth

Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low-wage activities, says a new OECD report. The...

“Time to end dismal failure of Bank Referral Scheme” says CFN Chairman after 95% of SME applications for loans rejected

The Corporate Finance Network is calling upon the Government to abandon their Government Referral Scheme, calling it “a harmful policy that generates so much...

ABBYY introduces new mobile capture SDK to transform customer experience

ABBYY, a global leader in Content IQ technologies and solutions, today introduced ABBYY Mobile Capture, a software development kit (SDK) to enable end-to-end...

Year-on year figures show 5% increase in Scottish bankruptcies

Accountant in Bankruptcy’s (AiB) provisional figures published today for the financial year 2018-19 show there were 4,862 awards of bankruptcy compared to...

Scottish Insolvency Statistics (Jan-Mar 2019): Comment from R3

Commenting on the Scottish Insolvency Statistics, January to March 2019, Duncan Swift, Vice President of R3, the insolvency and restructuring trade body says:...

OpenGenius marks National Stress Awareness Month

Productivity and innovation specialists OpenGenius are raising awareness of National Stress Awareness Month in the hope of increasing understanding of...

Companies House to put warning on website that its data is not verified

The Chartered Institute of Credit Management (CICM) and The European Freight Trade Association (EFTA) are claiming victory after Companies House added a...

Q1 figures show continued growth for Stonebridge Group

Stonebridge Group, the mortgage and insurance network, has today (18th April 2019) announced a strong set of quarterly figures for the first three months of...

Firms across the UK will benefit from a further £200 million of government support

“The additional funding for British businesses is great news and will certainly be a much needed additional support for UK businesses. While the additional...

Quilam closes Multi-Million pound leverage facility with NatWest

Quilam Capital, which provides both debt and equity solutions to companies in the speciality finance sector, has secured a multi-million-pound leverage...

Fleet Mortgages announce new South West Business Development team

Fleet Mortgages, the buy-to-let specialist lender, has today (15th April 2019) announced a new business development team for the South West & South Wales...

Perthshire business owner appointed as FSB’s Operations Director

The Federation of Small Businesses (FSB) has elected a Perthshire business leader as their new Operations Director to head up the group’s UK-wide operational...

Crystal Specialist Finance added to Fleet Mortgages’ specialist packager panel

Crystal Specialist Finance (CSF) has been confirmed as the latest specialist packager to have access to Fleet Mortgages’ new limited edition buy-to-let loan...

Graydon UK and Forums International sign partnership to boost quarterly industry forums

Graydon, leading provider of business data, insights, analytics and solutions, announced today that it has signed a corporate partnership with worldwide...

International electrical manufacturer secures £2.6m funding facility to power business growth

Bibby Financial Services (BFS) has provided a £2.6 million Invoice Discounting funding facility to Morris Line Engineering (Holdings) Ltd, a specialist...

Paradigm add Newbury Building Society to lender panel

Paradigm Mortgage Services, the mortgage services proposition, has today added the Newbury Building Society to its lender panel. From today, Paradigm member...

FSB: Rates changes are an opportunity

Holyrood’s Local Government and Communities Committee has launched a call for evidence regarding proposed legal changes to the Scottish business rates...

Aspen Bridging launches market-leading Finish & Exit bridge

Aspen Bridging has officially launched its new Finish & Exit bridge product, which has been fine-tuned over the last three months to introduce several...

Asset finance market grows by 15% in February

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew in...

Atradius publishes new global economic outlook

Trade credit insurer Atradius has published a new report analysing the performance of global markets. The Atradius Economic Update reviews growth within the...

Five-day refurbishment bridge reveals Aspen’s service excellence systems

Aspen Bridging has given further insight into its service excellence systems through a recently completed five-day refurbishment bridge, whereby each element...

Putting the Innovation Cycle at the Heart of UK Business

The UK Government has a stated ambition to be ‘the world’s most innovative economy’ and has been supporting growth and innovation with the R&D Tax...

Target Group reduces gender pay gap well below industry average

Target Group, the business process outsourcing (BPO) and operational transformation provider, is pleased to announce it has closed its mean gender pay gap by...

Glasgow’s CarMoney Dealer Team celebrates a first year of exceptional growth

The Dealer Team at CarMoney, the fast-growing Glasgow-based motor finance business, is celebrating a a spectacular first year of operations and is planning to...

Gloucestershire Accountancy Apprenticeship Award News

Jannai Hamblett, a 20-year-old student from Gloucester has been awarded ‘Apprentice of the Year’ by the Cirencester College Apprenticeship team for his...

Douglas Home & Company opens an office in Scotland’s Capital

Celebrating 35 years in business this year the firm, which specialises in director-led expert advice and financial leadership, is now building its presence in...

Brexit is no Y2K because we still don’t know what we’re facing, say supply chain leaders

An eleventh-hour debate for leading supply chain professionals reveals continued uncertainty is more damaging for business than a no-deal Brexit A ‘one...

Close Brothers wins two awards at Business Moneyfacts ceremony

Close Brothers Invoice Finance won two awards and was highly commended in another category at the 19th annual Business Moneyfacts Awards, held on Thursday 28th...

UK’s small business success stories exploit growth opportunities from Brexit uncertainty

Whilst Brexit may have caused political paralysis in Westminster, the UK’s fastest growing small businesses see specific opportunities to exploit. New...

Encouraging trust within the developing sharing economy

A combination of widespread internet use, the rise in the global use of mobile devices and technological developments has created a new platform-based...

Scottish business confidence hits new low

Scottish business confidence fell to a new low in the first three months of the year, the Federation of Small Businesses’ (FSB) latest optimism tracker index...

Number of Scaleups in UK Rises but action is still needed to address regional disparities

The number of high-growth, scaling businesses in the UK increased to a record 36,510 – a 3.7% increase over the previous year – according to the...

New research: half of small businesses turn away growth opportunities due to finances

55% of SMEs have had to turn away growth opportunities because of a bad financial situation, according to new research released today by Nucleus Commercial...

New research – Investment in the UK set to rise

According to new research by Master Investor Ltd. (‘Master Investor’), 85% of investors are actively looking to invest in the UK in 2019 with more than a...

New task force created to address UK business cashflow issues

There is a cash flow disconnect that exists between organisations, of different sizes, across different industries and in different locations. This is often...

Assetz Capital launches Express Commercial Mortgage

Peer-to-peer lender Assetz Capital has launched an Express Commercial Mortgage product which targets a turnaround from initial enquiry to completion within six...

FSB on Which? bank branch closure figures

New research from Which? shows that Scotland has lost over a third of its bank branches in eight years. Stuart Mackinnon, external affairs manager for the FSB...

Atradius Announces Top 5 Promising Emerging Markets

Leading trade credit insurer Atradius has revealed its most promising emerging markets for 2019. Bulgaria, Indonesia, Vietnam, Peru and Morocco have been...

Equifax lends support to Great British Entrepreneurs

The NatWest Great British Entrepreneur Awards are delighted to announce a national partnership with Equifax. With one of the largest sources of detailed...

The Scourge of Late Payments Still Remains

‘Not enough companies take late payments seriously’. That was the message from insolvency and company rescue specialists Forbes Burton following last...

New programme reveals the vital role of credit management for SMEs

The Chartered Institute of Credit Management and ITN Productions Industry News launch “Credit Experts”, a news and current affairs-style programme...

Aspen Bridging increases maximum loan sizes up to £4m

Aspen Bridging has increased its maximum loan sizes up to £4m net for portfolios and £2m net on single properties with immediate effect. The decision –...

New platform helps SMEs manage their cash flow

A new online platform built by a team of ex Forbes FinTech 50 CTOs and CEOs promises to help start-ups and small businesses manage their biggest risk factor...

Nucleus Commercial Finance strengthens capabilities in the North West

Nucleus Commercial Finance has increased its presence in the North West, with two new appointments, enabling the business to further support SMEs in the region...

FSB: Procurement reforms yet to deliver for Scottish smaller firms

Scottish procurement reforms are failing to help smaller businesses win public contracts, a new report from the Federation of Small Businesses (FSB) has...

Invoice Finance creeps back to growth in 2018

Equiniti Riskfactor, the leading provider of risk management and fraud analytics software for the global commercial finance market, finds that invoice finance...

False insurance claims rise 27% across the UK in the past year

Today, Cifas, the UK’s leading fraud prevention service with over 450 members, has released new figures showing a marked increase in the number of...

SME work-life balance impacting personal relationships

Eighty per cent of business owners admit they worry their work-life balance is negatively impacting relationships with family and friends, research today...

Aspen’s service praised and loan sizes questioned in broker survey

As part of its service excellence programme, Aspen Bridging has undertaken its first broker survey which has praised the firm’s performance but questioned...

North West businesses raise over £3,000 for local charities

BFS’s Northern Sales Teams have raised £3,421.35 for local charities the Walton Centre NHS Foundation Trust and the Bobby Colleran Trust, as part of its...

Aspen Bridging releases service excellence targets

Aspen Bridging has made public its time-based service excellence targets, which shows that the company aims to take the majority of business from enquiry to...

Forum of Private Business issue Brexit plea to Chancellor following his dull Spring Statement

Leading business lobby group, the Forum of Private Business, is looking for the Government to recognise the role of business in the contribution it makes to...

Euler Hermes 2018 full year results: Highest earnings in 10 years boosting new strategic plan

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to €2,705 million and volume-driven growth spread across most regions....

Paul Fenner appointed to Head of Midlands Real Estate and Construction at BDO

Accountancy and business advisory firm BDO has appointed a new partner to lead its real estate and construction team in the Midlands. Paul Fenner has more than...

FSB applauds refreshing late payment announcement

Today Chancellor Philip Hammond delivered his Spring Statement. Andrew McRae, FSB’s Scotland policy chair, said: “This week’s bitter Brexit acrimony made...

Creative big data project launched

Entrepreneurs, business people and artists are backing a £1.3m project to boost business growth in the Sussex-to-London region. They packed the project’s...

Brexit & Budget: ‘Enough Dithering’

Following the Government’s defeat at the hands of MPs last night, and ahead of the Budget Statement today, Angus Dent, CEO, ArchOver, said:...

Commenting on yesterday’s defeat of the government’s revised Brexit deal

Commenting on yesterday’s defeat of the government’s revised Brexit deal, Rupert Thompson, Head of Research at Kingswood, said: “Yesterday’s defeat of...

Worker supply chain management for the 21st century

The ongoing Brexit debate has brought public awareness of the vital intricate supply chains that feed British industry to an all-time high. Supply chains are...

Cooper Parry Drives Growth with New London Workspace

After doubling in size over the last three years, fast-moving Cooper Parry continues to look at ways to build and grow their business. They are expanding into...

Small but mighty – UK small business community remains positive in face of uncertainty

The small business community’s youngest entrepreneurs (those aged under 35) are the driving force behind the sector’s optimism this spring. With just weeks...

R3 response to the Treasury Select Committee’s economic crime report

Commenting on the recent publication of the Treasury Select Committee’s report “Economic Crime – Anti-money laundering supervision and sanctions...

Asset finance market up by 9% in January

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9%...

UK listed companies warned they must document Brexit preparations to avoid lawsuits from investors, suppliers and customers

Mactavish, the leading expert on commercial insurance placement and disputes, is warning UK listed and private companies that they need to ensure their Brexit...

New report on how to respond to ‘No Deal’

Both the British Government and the European Union insist that they do not want a “no-deal” Brexit. Yet it remains a possibility – and one which must...

Revealed: 96% of accountants reject Theresa May’s Brexit deal

New research reveals that a huge majority of accountants reject Prime Minister Theresa May’s Brexit strategy. The survey conducted by Accountex, the UK’s...

Only 13% of businesses receive their agreed loan from the bank

British companies are facing a funding crisis because banks are not supporting the future of UK PLC. Businesses desperate for finance to support their growth...

MyPeople Group Launches New Employee Profiling Service

MyPeople Group, a leading provider of cloud-based employee performance management and engagement analytics solutions, has launched a new profiling service....

European Union and United States should agree on no tariffs on either food or cars

Trade representatives of the European Union and the United States are meeting today to discuss the scope of EU-US trade talks. The United States argues for an...

Expanding Accountancy Firm Brings in New Shareholder as it Gears Up for Further Growth

The entrepreneurial founder of Ross Boyd Ltd – which operates across the UK and Ireland – has announced a restructuring of the accountancy practice...

Quint raises £16.5m with NatWest for acquisition and refinance

North West headquartered Quint Group, a leading international, highly innovative fintech group operating in the consumer finance market, has secured a £16.5m...

Proactis secures £20 million funding from HSBC UK to tackle SME liquidity squeeze

Proactis has secured £20 million in funding from HSBC UK to bring to market new technology to tackle the liquidity squeeze felt by SMEs. The global e-commerce...

UK and Australia Partner to Build Global High Performing Teams

In a world first, Oxford-based Team Dynamics Global has partnered with leading Australian coaches and leadership experts to take its style of liberating...

Just Mortgages lending figures up 39% in 2018 to £2.5bn

Despite uncertainty in the market, both Just Mortgages’ employed and self-employed divisions have seen major growth over the past year, with lending figures...

Commenting on Persimmon’s profits and how housebuilders should be put under the spotlight

Commenting on Persimmon’s profits and how housebuilders should be put under the spotlight, Tom Brown, Managing Director of Real Estate at Ingenious,...

Most Brexiteers welcome foreign workers

According to analysis of the largest public European and international surveys of human beliefs and values, prejudice against immigrants in the UK is rare and...

Four in five Scottish smaller businesses contribute to local community

Four in five Scottish smaller businesses contribute to their local community or give to charity, according to new research from the Federation of Small...

Billhop collaborates with Visa to improve working capital for businesses

The collaboration with Visa will allow Billhop to expand across Europe, including markets such as France, Italy and Spain in the first half of 2019. Visa...

Euler Hermes named best Trade Credit Insurance Firm by TFG International

Euler Hermes is amongst the many organisations recognised and commended for their contribution to the trade sector at the 2019 International Trade Finance...

Delivering world-class sustainable buildings

With mounting public pressure and increasing legislation placed on businesses to reduce their carbon footprints commercial building operators are looking for...

UK businesses need support to ‘future-proof’ for success

Businesses across the UK are recognising the need to ‘future-proof’ by seeking support and advice to build their business resilience and guard against...

Scotland’s smaller firms plead for late payment action

Governments in Edinburgh and London need to deliver a new drive to stop big businesses paying their smaller suppliers unacceptably late, according to the...

British Business Investments commits £20m to ThinCats to provide more debt finance to UK businesses

ThinCats, the fintech lender for mid-sized SMEs, today welcomes a new £20 million funding commitment from British Business Investments, a commercial...

Impact Specialist Finance bolsters commercial finance team

Impact Specialist Finance, the specialist mortgage broker and distributor, has appointed ex-senior HSBC Corporate Relationship Director Clive Smith as a Senior...

Inksmoor expands sales team in the Midlands with new appointment.

Inksmoor Finance Group is pleased to announce further expansion of its sales force within the Midlands area with the promotion of Louise Grant to Corporate...

The Brexit Ship has Sailed: Most ‘Surface’ Imports and Exports will Now Arrive After Brexit, Warns ParcelHero

UK retailers and traders who source their products from China for resale in the UK/EU are now faced with the prospect of ordering products ‘blind’ –...

Businesses can now take full advantage of analytics

Today, FICO announced a community version of FICO Xpress Insight, a decision support application that enables data scientists to rapidly deploy any advanced...

UK’s largest commercial broker trade body launches finance platform

The National Association of Commercial Finance Brokers (NACFB) has launched an enhanced online portal, findsmefinance, offering UK businesses access to the...

Harry Potter inspires new attraction with help from Reward Finance Group

AN AWARD-WINNING holiday site is set to attract visitors from around the globe with its latest addition – a cottage inspired by a favourite character from...

Chirag Shah, CEO Nucleus Commercial Finance on BBB Small Business Finance Markets Report

In light of today’s report from The British Business Bank which indicates a further decrease in lending to small businesses, Nucleus Commercial Finance, CEO,...

Scottish smaller firms make case to MPs for immigration changes

Proposed changes to the UK’s immigration system don’t meet the needs of Scotland’s business community, the Federation of Small Businesses (FSB) will warn...

Nucleus Commercial Finance Secures £40 Million In New Funding From M&G Investments

Nucleus Commercial Finance and M&G Investments (M&G) today announce a £40 million funding line that will support more SMEs through asset-based lending...

Big firms set to feel the pain of the levy warns apprenticeship provider

Big firms will feel the pain of the Apprenticeship Levy this spring when the first wave of levy payments will be wiped from their accounts unless they have...

Technology Providers Need to be More Accessible to the SME Asset Finance Community

“We may be operating in an increasingly digital world, but too many asset finance businesses are falling short of embracing the true potential digitisation...

Forum of Private Business welcomes new Small Business Crown Representative

Leading business lobby group, the Forum of Private Business is welcoming Martin Traynor OBE, the newly appointed Small Business Crown Representative, with a...

Phoebus Software Limited wins new development finance lender client

Development finance lender, Business Lending Group (BLG), has gone live with the Phoebus system after signing a five‐year contract with Phoebus Software Ltd...

Everyday Loans Deploys MyPeople Platform To Achieve Business Success Through The Aggregation Of Marginal Gains

Everyday Loans, the leading branch-based provider of unsecured consumer loans, has deployed MyPeople’s new cloud-based employee performance management and...

Black mark for Brexit: New ‘UKCA’ CE-safety mark replacement will cost UK exporters £millions

A new UK safety mark designed to replace the EU’s ubiquitous CE mark following a no-deal Brexit will cost British manufacturers and exporters £millions in...

2019 Wellbeing City Award Finalists Announced

NewCities, together with partners Novartis Foundation, Novartis US Foundation, and the City of Montréal, today announced 16 finalist cities for the first...

Shawbrook Bank provides £2.2m to Glasgow based business specialising in supply chain management solutions

Shawbrook Bank has provided a Glasgow-based business offering supply chain management solutions for technology-driven companies internationally with £2.2...

FSB: Business trust eroded by budget concessions

This afternoon the Cabinet Secretary for Finance Derek Mackay announced changes to his draft budget to secure parliamentary support. He outlined a range of new...

Revealed: Accounting insiders weigh-in on the trends to watch for 2019

Every year thousands of accountants and finance professionals from around the UK flock to Accountex to discover the best new product innovations and the latest...

Ultimate Finance provides more than £1.4bn to UK SMEs in 2018

Leading SME funding provider, Ultimate Finance, has announced another record-breaking year, providing funds of more than £1.4bn to SMEs across the UK last...

Brexit linked downturn looms for SMEs as sales fall and costs rise

SMEs are at risk of a downturn, according to the latest SME Confidence Tracker from independent financial services provider, Bibby Financial Services (BFS)....

Together steps in with a three-day finance to save a commercial property deal

A pair of businessmen who faced losing a property deal when their initial lender went bust have now bought their office – after Together provided a...

Emerging fintech innovations set to influence SME lending in 2019

A wiser man than me once said that anyone attempting to make predictions will end up either wrong or lucky. In 2019, against a backdrop of uncertainty about...

Nucleus CEO Chirag Shah: Comment on CBI Manufacturing Sentiment

In light of the CBI’s new data outlining that sentiment within manufacturing further deteriorated, Chirag Shah, CEO, Nucleus Commercial Finance, said:...

From no way to no deal, comments on Sterling’s rally as the chances of a chaotic Brexit reduce

Commenting on Sterling’s rally on hopes that a chaotic Brexit is no longer an option, Andy Scott, Associate Director at JCRA, the independent financial risk...

Fiduciam to double lending and make 25 new hires in 2019

London-based lender Fiduciam has set its objectives for 2019, planning to double its lending by originating £250million (€280million / $320million) in new...

FSB: Use town centre funding to drive high street renaissance

A Scottish high street renaissance could be around the corner if new Scottish Government funding is complemented with local business and public sector support,...

Henry Howard Finance Appoints New Analytics Manager

Henry Howard Finance Group (HHF) has appointed a new Analytics Manager, to help support the independent funder’s continued growth. Rachel Davies will drive...

Reward Finance Group to build on Manchester office success with new managing director

Group sales and marketing director of Reward Finance Group, Nick Smith, has been appointed to the role of managing director of the Manchester office to help...

CSA appoints senior executive as new Head of Policy

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industries, has appointed Henry Aitchison, a former senior...

Metro offers hospitality to Pearl Hotels

Metro Bank, the revolution in British banking, has today announced that it has provided Pearl Hotels with a £20.5 million commercial loan to re-finance...

FSB in Scotland: Collaboration required to exit political cul-de-sac

Following the heavy defeat of the Withdrawal Agreement in last night’s meaningful vote in the House of Commons, the Federation of Small Businesses’ (FSB)...

Nucleus Commercial Finance Breaks £1 billion Mark

Nucleus Commercial Finance, one of the UK’s largest providers of alternative finance to businesses, announces today that it has broken through the £1...

Bibby Financial Services strengthens presence in South West England

Bibby Financial Services (BFS) has appointed Sue Pengelly as Business Development Manager (BDM), South West of England, as it looks to expand its support for...

UK’s Largest Personal Insolvency Firm Creditfix Bolsters Team In The West Midlands

with money, following the acquisition of a Birmingham-based debt management business. Creditfix has expanded its comprehensive range of debt relief solutions...

Smart Software the Pathway to New Challenger Asset Finance Businesses

The advent of open banking and the continuing emergence of new challenger and mobile banks is not limited to traditional banking. Asset finance is ripe for...

Asset finance market reports new business stable in November

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in...

UK insolvencies set for +9% rise in 2019, even if a Brexit deal is agreed

The number of UK business insolvencies is set to rise by +9% this year, even if a deal is agreed with the EU before the Brexit deadline, according to Euler...

CA issues response to Law Commission’s leasehold enfranchisement reform consultation

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (10th January 2019) announced it has responded to the Law...

MP secures ten minute rule bill promoting ‘project bank accounts’ to tackle late payments

Late payments campaigner, and MP for Oldham East and Saddleworth, Debbie Abrahams, has secured a ten minute rule bill which says that all payments on...

Businesses will reap the rewards of Open Banking by 2020

Three-quarters (74%) of businesses in the UK surveyed by Centtrip, the international payments, treasury management and foreign-exchange specialist, believe...

R&W Scott secures £3.6m funding line from Bibby Financial Services for MBO from Real Good Food Plc

Bibby Financial Services has provided £3.6m to RW Scott, Carluke (South of Glasgow) based food wholesaler which has recently been acquired by an experienced...

Bibby Financial Services surpasses £100m in funding for northern businesses in 2018

Leading independent SME funder, Bibby Financial Services (BFS), has provided over £100m in funding in the North this year through its specialist corporate...

FSB: Immigration plans will hit Scottish firms and communities

Today the UK Government has published its White Paper on immigration. The Federation of Small Businesses (FSB) in Scotland has demanded an urgent rethink,...

Adrian Payne re-joins Bibby Financial Services as Head of Sales for Solent

Bibby Financial Services (BFS) has appointed Adrian Payne as Head of Sales to drive its growth plans in the South of England. Adrian returns to BFS after four...

Asset finance market reports new business up 9% in October

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9%...

Nearly three-quarters of UK SMEs are fearful for 2019

With 2019 fast approaching, new research released today by Nucleus Commercial Finance reveals that 74% of UK SME leaders are fearful about what 2019 holds. The...

Credit Insurance Industry to Face Biggest Challenges for a Decade in 2019

Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions is predicting that with changes in the risk landscape, increasingly...

Website word usage as predictive factor for business growth

The text of a company’s website helps predict the growth of that company. Dutch scientists of the Jheronimus Academy of Data Science (JADS) came to this...

Fleet Mortgages announce new Standard & Limited Company products

Fleet Mortgages, the buy-to-let specialist lender, has today announced the launch of a number of new products across both its standard and limited company...

FSB welcomes ‘savvy’ Scottish Government Budget

Andrew McRae, FSB’s Scotland Policy Chair, said: “Like smaller firms across Scotland, Derek Mackay today showed that he’s getting on with business...

Brexit chaos affecting business

Dave Spicer, Dean of the Business School at the University of Salford said: “It is chaos at the moment, there is no other word for it. Business is crying out...

Hospitality sector tops table with highest rate of company failure

New data released today by Creditsafe, examining the rate of company failures across 12* UK business sectors, reveals 0.33% of companies in the Hospitality...

Scottish small business confidence hits all-time low

Business optimism in Scotland is at the lowest ebb ever recorded by the Federation of Small Businesses’ (FSB) quarterly small business confidence index. The...

Banking Support – SMEs hold cash for uncertainty – Comment by CEO Chirag Shah

Chirag Shah, CEO of Nucleus Commercial Finance comments: “Whilst today’s figures show that businesses across the UK are consistently supported with...

Reward Finance Group helps hotel target more weddings

The 19-bedroom bedroom Fairways Hotel, which overlooks the Bristol Channel in Porthcawl, has undergone an extensive refurbishment, including the addition of a...

MP calls on businesses to step up and help close productivity gap

Businesses and employers should do more to help close Britain’s productivity gap, says Guy Opperman MP, Parliamentary Under-Secretary of State at the...

UK SME business confidence down almost 20% on 2017

Research commissioned by Dun & Bradstreet revealed UK small and medium-sized enterprise (SME) confidence in future financial success is down 19% compared...

FSB calls for Scottish business Brexit fund

The Scottish Government should set aside £75 million to help firms adapt to the UK leaving the European Union, the Federation of Small Businesses (FSB) has...

Bibby Financial Services appoints Jim Davis as Managing Director for Export Finance

Bibby Financial Services (BFS) has appointed Jim Davis as Managing Director for Export Finance as it looks to further grow its support for businesses trading...

Counting The Cost Of A Good Image

Like many professional services, accountancy has a reputation for being boring. Although money may not be the most dynamic of subjects, it doesn’t mean...

Mid-size and Northern companies have the highest insolvency risk

Commenting on new statistics published by the Government on the number of England & Wales corporate insolvencies in 2017, broken down by company age, size...

Private finance can unlock billions to relieve pressure and increase value for healthcare sector

Siemens Financial Services (SFS) has released a new research paper which examines the pressures on resources for healthcare systems around the world, the...

Arcinova seeks to continue impressive phase of growth with help of SFS

Arcinova, a contract research and development organisation providing a range of services to the pharmaceutical industry, is benefitting from invoice finance...

Bibby Financial Services appoints Paul Lomas as Global HR Director to drive international people strategy

Bibby Financial Services (BFS) has appointed Paul Lomas as Global HR Director to develop and implement the business’s global HR operating model in line with...

Business debt judgments fall to historic Q3 low

The number of business debt judgments registered in the Republic of Ireland during the third quarter of 2018 fell to the lowest levels on record for any third...

Machinery and engineering sector goes under the spotlight in new Atradius Market Monitor report

Trade credit insurer Atradius has published a new report revealing the challenges and opportunities facing the global machinery and engineering sector. The...

Outdoor media advertiser secures £1m funding line

Bibby Financial Services (BFS) has provided a £1m funding facility to Open Outdoor Media Limited (OPEN). The funding line includes Invoice Finance and Hire...

Tough quarter for business debts

The number of debt decrees registered against Scottish businesses rose by more than a third during the third quarter of 2018, according to figures released...

The Chartered Institute of Credit Management (CICM) and ITN Productions present ‘Credit Experts’

Due to the success of ‘Credit Champions,’ The Chartered Institute of Credit Management (CICM) has partnered with ITN Productions to create flagship...

Arcinova seeks to continue impressive phase of growth with help of SFS

Arcinova, a contract research and development organisation providing a range of services to the pharmaceutical industry, is benefitting from invoice finance...

Reward Finance Group delivers a record number of deals in October

Reward Finance Group, the Leeds and Manchester-based alternative finance provider, has achieved another milestone by lending £7m across 23 deals in October,...

FSB: Decline in firms ‘spells trouble’

Official figures published today show that the number of Scottish businesses fell by 8,830 between March 2017 and March 2018 – with a large fall in...

Payment report: Half of British business invoices are overdue

Businesses in Britain have a higher proportion of overdue invoices compared to their counterparts across Western Europe, new research by trade credit insurer...

Rising self-employment comes at a cost for tens of thousands in debt

A growing number of small business owners and self-employed people are facing high levels of debt as they struggle to keep their businesses afloat, according...

What More UK – Trading not halted by Brexit negotiations

With international sales higher than ever before, What More UK are not phased by Brexit negotiations. As the largest supplier and brand leader of plastic...

EBA stress test: Use AI to prepare against Brexit shock – SAS

Lee Thorpe, head of risk business solutions, SAS UK & Ireland said: “With Brexit just around the corner, it’s good to see that the banking sector has...

UK fails to improve its standing in the World Bank insolvency rankings – R3

The lack of improvement in the UK’s standing in the World Bank’s latest insolvency rankings underlines the need for UK corporate insolvency reform, says...

Funding Options Appoints Alastair Preacher as new Chief Product Officer

Funding Options today announced that Alastair Preacher has joined Funding Options as their new Chief Product Officer. Award-winning business finance...

Five-day finance saves a developers’ property auction purchase

Lender Together has saved a renovation project after completing a £135,800 short-term loan in just five working days. The customer, a Surrey-based property...

Jigsaw Finance – Finance Broker of the Year 2018

The 8thannual 2018 F&I Conference & Awards event hosted by Dealtrak on October 18thsaw Jigsaw Finance recognised as the Broker of the Year in what was...

iwoca becomes first business lender to connect to UK bank via Open Banking

iwoca, one of Europe’s fastest growing small business lenders, has today successfully released Open Banking for all new customers with a Lloyds Bank account....

Enhanced regulation needed despite a drop in insolvencies

Following the release of the Q3 2018 Insolvency Service statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company,...

Kash Ahmad appointed to Institute of Export and International Trade board

Bibby Financial Services (BFS) Specialist Director, Kash Ahmad, has been appointed to the board of the Institute of Export and International Trade...

Forum of Private Business gives Hammond 5 out of 10 for his pre-Brexit budget

The Forum of Private Business (FPB) has given the Chancellor 5 out of 10 for his last budget before Britain leaves the EU. Managing Director Ian Cass said:...

CEO comment: Budget doesn’t go far enough to support future of UK SMEs

Angus Dent, CEO of ArchOver: “The Tory party’s promise to put an end to austerity has been revealed as simply words, not actions. Hammond’s plans for...

Equifax signs on as partner to NatWest’s Entrepreneur Accelerator programme

NatWest has announced that Deloitte, Equifax and FreeAgent have signed up as partners to its Entrepreneur Accelerator programme, the UK’s largest...

“Retail market will remain tough for Debenhams in spite of store closures”

David Birne, business recovery and insolvency partner at H W Fisher & Company comments: “That Debenhams has announced the closure of as many as 50...

Baltic Fintech Boom – What’s Ahead?

In recent years, the Baltic States of Lithuania, Latvia, and Estonia have gained a reputation in financial and technological circles as being somewhat of a...

FSB: Economy manifesto must stay on track

Today the Scottish Government has published an Economic Action Plan – outlining a range of measures Ministers are taking to boost growth. Stuart Mackinnon,...

To say we are heading into choppy waters is probably an understatement – Comment

Following the UK Finance figures, Paul Hunt, Phoebus Software managing director, said “We are beginning to see something of a trend with the market waning in...

Fleet Mortgages announce new National Sales Manager

Fleet Mortgages, the buy-to-let and specialist lender, has today announced the promotion of Graham Le Bas to the role of National Sales Manager. Graham has...

Reward Finance’s continued growth leads to new appointment

Experienced banker, Chris Ibbetson, has joined Reward Finance as a portfolio manager to handle the growing number of deals being generated by the SME funder....

Hope Capital rebrands as lending volume doubles

Hope Capital has rebranded and moved to a new office this week, all as part of the next phase of its ambitious growth strategy. Hope Capital is on target to...

European Women Payments Network and Money20/20 Europe join forces to promote diversity and inclusion

Demonstrating its sustained commitment to promoting diversity and inclusion in the Financial Services and FinTech arena, Money20/20 Europe will sponsor the...

Metro Bank funds Kingsway Properties’ acquisition of listed Shaftesbury Avenue site

Metro Bank, the revolution in British banking, has today announced it has provided commercial property specialists, Kingsway Properties London, with a £14...

ArchOver marks the beginning of its UK expansion in Birmingham

ArchOver, the P2P business lending platform connecting businesses requiring finance with individual and institutional investors, is expanding into the West...

Young Business Leaders Borrow to Grow, Fear Brexit, and Worry about a Financial Crisis

Young businesses decision makers (aged 16 to 29-years-old) are the most open to using external finance, with 57% planning to access additional funds in the...

Historic wholesaler secures funding line from Bibby Financial Services

Bibby Financial Services has provided a £5m Invoice Finance facility to Nigel Fredericks Trading, a London-based meat wholesaler which has recently been...

Asset finance market reports double-digit growth in August

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by...

Atradius grows from strength to strength in the North West

Trade credit insurer Atradius is better placed than ever to deliver crucial support to North West businesses. A world leader in trade credit insurance with an...

Data reveals real winner of The Apprentice 2018 based on study of candidates’ businesses

The Apprentice returns this week for a 14th series, as 16 entrepreneurs and impresarios battle it out to win a significant investment in their respective...

Arum successfully secures place on UK government framework for digital services

Arum has secured a place on the newly launched Digital Outcomes and Specialists 3 Framework (DOS3), run by Crown Commercial Services (CCS). This framework...

Tinubu Square reaffirms commitment to international market presence

To support its technological and business development, Tinubu Square, a leading provider of Credit Insurance, Surety and Trade Finance solutions, recruits...

Metro Bank supports hospitality franchise with £14 million loan

Metro Bank, the revolution in British banking, has today announced that it has provided Auriga Holdings Ltd, the restaurant franchise business, with a £13.95...

Atradius Barometer Reveals Payment Practices of Eastern European Businesses

Less businesses in Eastern Europe are offering credit to customers, a report by trade credit insurer Atradius has found. The 2018 edition of the Atradius...

Together revamps its commercial short-term loans

Together has refreshed its unregulated short-term loan range by removing fees and lowering rates to help more people looking to buy investment properties. The...

Euler Hermes: Global trade growth may fall 50 per cent if US and China fail to resolve tariff issues

Global trade growth could halve by 2020 should the US and China fail to agree a deal to halt the increase in import tariffs, according to leading trade credit...