Half of UK businesses fear Brexit disruption on finances

Half of all UK finance leaders say they are concerned by the potential disruption caused by new international trade agreements and Brexit laws, a new survey...

Specialist lender Together hires property development expert

Together, one of the UK’s leading specialist lenders, has today announced the appointment of experienced property professional Chris Taylor to drive its...

John Kane to head up CICM commercial development Programme

John Kane MCICM, Head of Strategic Partnerships at The Chartered Institute of Credit Management (CICM), will head up the new development partnership programme,...

MarketFinance in pole position as it raises £280m and is approved for Recovery Loan Scheme lending

Fintech business lender MarketFinance has today announced a £280m debt and equity fundraise and its accreditation under the Recovery Loan Scheme (RLS). This...

Payment service providers become the allies of the new breed of online businesses

New research launched today at Money20/20 by embedded finance provider, YouLend, highlights the shift in how SMEs that trade online are accessing the funding...

United Trust Bank provides 70% LTGDV funding for £5m development via its Housing Accelerator Fund

United Trust Bank (UTB) has agreed to fund the £5m regeneration of a city centre brownfield site being completed by successful regional house builder Factory...

Aldermore provides £16m commercial refinance loan for student accommodation in Liverpool and Nottingham

Aldermore bank has provided a £16m, ten-year, interest only Commercial Residential Investment refinance loan to existing client Kexgill Nottingham Limited, a...

Hope Capital unveils new appointment

Following on from the announcement in August that specialist short-term lender, Hope Capital, had bolstered its underwriting team with the recruitment of Helen...

Fewer UK sectors grow as staff shortages bite

The number of UK sectors reporting output growth fell to a six-month low in August, as the impact of labour shortages intensified, according to the latest...

iwoca and mmob Partner to enable Banks to Respond to SME Demand for Post-Pandemic Credit

Open finance partnership platform, mmob, has today announced the addition of one of Europe’s largest small business lenders, iwoca, to its growing network of...

Brexit fallout and supply chain issues put new timetable at risk – MHA comments

Following the UK government delaying border checks on goods coming from the EU until January 2022, Andrew Thurston, Customs Duty Consultant at MHA, thinks the...

And the winner is… specialist lender welcomes BATFA-winning TV producers

Finance chiefs at a Greater Manchester lender rolled out the red carpet for BAFTA-winning producers of hit TV show, The Great House Giveaway. Sioned Wynn, of...

Shoppers and shops stymied by shortages (ONS)

6.5% of retail businesses couldn’t get the materials, goods or services they needed from within the UK in mid-August. Department stores suffered the most at...

FICO UK Credit Market Report July 2021: Pandemic Savings Mask Picture of Debt

Global analytics software provider FICO today released its analysis of UK card trends for July 2021, which reveals that there was an uplift in missed payment...

Nucleus Commercial Finance hits £2bn lending milestone

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has today announced that it has reached £2 billion in lending to SMEs....

Technology helps three in four small businesses to become more efficient

New research from Hitachi Capital Business Finance reveals that more than three quarters of small businesses across the UK (76%) have used technology in the...

First 4 Bridging appoints Key Account Manager and bolsters underwriting team

First 4 Bridging (F4B) has announced the appointment of Drena Gashi as a Key Account Manager to cover London and the surrounding areas, plus the addition of...

United Trust Bank Bridging team appoints Head of Sales and announces new BDM hire

United Trust Bank (UTB) is continuing to develop its Bridging finance sales team with the promotion of Owen Bentley to Head of Sales and the appointment of...

The opportunities and risks in the Vietnamese market

Vietnam will remain attractive as an export market despite short-term risks from a new wave of coronavirus cases, reports trade credit insurer Atradius. The...

New option cements Pertemps financial strength

Pertemps Network Group (PNG) has signed a new invoice finance facility of up to £100 million to help promote growth over the coming years. The new agreement...

MotoNovo Finance MD Joins the Automotive 30% Club

MotoNovo Finance MD Karl Werner is the latest business leader to join the Automotive 30% Club the voluntary network of MDs and CEOs from UK based automotive...

Asset finance market grew by 3% in July 2021

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

SME confidence on the rise as projected investment in their business more than doubles in six months

New research from Aldermore bank shows small and medium-sized enterprises (SMEs) are more confident in growing their business since lockdown restrictions have...

Reward Finance Group breaks through £100m lending milestone as it plans further growth

Reward Finance Group has broken through the £100m loan book milestone for the first time, keeping it on track to record its eleventh year of continuous...

Optimum Finance bolsters its presence in the Midlands with a new hire

Optimum Finance welcomes Ewan Clarke as Regional Director for the Midlands. Ewan joins the company with a background in both insolvency and corporate finance....

Majority of self-employed received no Government support

The majority of self-employed people in the UK have received no Government support to help them through the pandemic but they’ve still managed to pay all of...

Nucleus Commercial Finance accredited to offer RLS term loans

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, has been accredited by the British Business Bank under the...

African free-trade agreement will accelerate long-term growth and boost exports

The new African free-trade agreement has created opportunities for businesses but short-term challenges must be overcome, according to a new report by leading...

Trade Ledger supercharges business loan approval speeds, delivering 90% reduction in ‘time to yes’ in ScotPac asset finance pilot

Global digital lending platform innovator, Trade Ledger, has joined forces with ScotPac, Australia and New Zealand’s largest non-bank SME lender, to create a...

Recognise Bank announces new Head of Credit

Gavin Keyte has been appointed Head of Credit at Recognise Bank, the new SME bank and business lender. He joins from Allica Bank, where he was Head of Credit,...

Aldermore launches new invoice finance product

Aldermore has recently launched Receivables Finance, a new invoice finance product designed to support the growth ambitions of the UK’s small and...

Hope Capital sponsors UFC newcomer, Paddy the Baddy

Liverpool-based specialist short-term lender, Hope Capital, has announced it is sponsoring local fighter, Paddy the Baddy, ahead of his debut UFC fight in Las...

First 4 Bridging to host triple-header of specialist lending seminars

First 4 Bridging (F4B) has announced that it is hosting a triple-header of specialist lending seminars across the country. These will be held in conjunction...

Post-COVID business confidence remains strong as SMEs consider their options for future funding

Business confidence remains high among the UK’s SMEs as they continue to recover from the impact of COVID, according to new research by Recognise Bank....

Scottish Government-backed Debt Advice Guide launched to support Scots in financial difficulty

StepChange Debt Charity Scotland, in partnership with the Scottish Government, has today launched the Scotland Debt Guide, a handbook designed to help improve...

Global supply chains integral to competitive Britain despite disruption

British businesses have become more dependent on global suppliers from outside Europe post-Brexit, while nearshoring is not yet taking off despite the UK...

Bibby Financial Services appoints Derek Ryan as UK Managing Director

The UK’s largest independent invoice financier, Bibby Financial Services (BFS), has announced the appointment of Derek Ryan as Managing Director to boost its...

Hospitality and consultancy industries lead the UK’s push for a post-pandemic economic boom

Research from Ezra, the leading provider of digital coaching, reveals which UK industries have proven themselves to be the most pandemic-proof in terms of...

Liquid Link announces new director appointment

Liquid Link, finance arm of the Portsmouth-based Liquid Friday Group, have announced that they have expanded the board of directors with the appointment to...

Lockdown widens investment gap between tech savvy small businesses and tech laggards

The growing gap between tech-savvy businesses and those struggling with technology has been accelerated by lockdown, with a huge difference in the average...

Successful capital raise marks major milestone for Recognise Bank

New SME bank, Recognise Bank, today announced a successful £14 million capital raise, including fresh investment from one of its existing shareholders. The...

Atradius promotes Nicola Hinchliff to Northern Service Leader

Trade credit insurer Atradius has appointed Nicola Hinchliff to the role of service leader for its Northern Hub. Nicola first joined Atradius in 1997, starting...

Lloyds Bank Corporate & Institutional Coverage clients team makes leadership appointments

Lloyds Bank Commercial Banking has announced two additions to the senior leadership of its Corporate and Institutional Coverage (CIC) team, which supports...

Aldermore supports journey to cleaner city

Aldermore bank has provided a £2.25 million asset finance facility to returning customer, NRG Fleet Services, a fully integrated fleet solutions provider. The...

Revealed: Business communities that borrowed most during pandemic

More than £4bn of government-backed loans were provided to Scottish businesses during the coronavirus crisis, according to a new breakdown from the Federation...

Rain stops pay: retail sales dampened in July

Retail sales volumes fell 2.5% between June and July, but were up 5.2% in the three months to July and are 5.8% above their pre-pandemic February 2020 levels....

Comments on BVA BDRC SME Finance Monitor

Following the release of BVA BDRC’s Q2 SME Finance Monitor, Chirag Shah, CEO, Nucleus Commercial Finance said: “The last 18 months have presented...

Staff shortages and rising input costs slow pace of UK economic growth

The number of UK sectors reporting output growth was not unanimous for the first time since March in July, as food and drink manufacturers wrestled with labour...

Ampla Finance announces appointment of new CEO

Ampla Finance, the legal finance provider, has today announced the appointment of Richard Kennerley as its new CEO. Richard joins at a period of significant...

The transport and storage sector has the highest number of closed businesses, causing ParcelHero to warn of an escalating crisis

The latest Office for National Statistics (ONS) Business Insights and Conditions Survey (BICS) reveals that the transportation and storage industry once again...

Family restaurant emerges stronger following pandemic with help from Reward Finance Group

Ponti’s Restaurant, which has been run by the same family for nearly 50 years, has not only survived the pandemic but has come through it stronger than ever....

Progress on the travel green list good news for up to 2.5 million small businesses looking for growth overseas

While much of the discussion on travel restrictions easing has been centred on the UK’s travel and holiday market, new research shows the enormous impact...

Hodge welcomes new chief finance officer

Hodge has announced the appointment of Jan Preece as its chief financial officer to support the Bank’s growth. Jan previously held the role of finance...

Aldermore provides £4.2m commercial refinance loan for 69 residential homes in Newcastle Upon Tyne

Aldermore bank has provided a £4.2m commercial residential refinance loan to returning customer, McIver Homes, an independent house builder and build-to-rent...

‘Pingdemic’ and raw material shortages see SME turnover fall as freedom day recovery splutters

SME turnover dipped in July amid raw material shortages and ‘pingdemic’ related disruption, despite Covid-19 restrictions continuing to ease across the UK,...

Air Group releases H1 2021 ‘Temperature Check’ of equity release provider service levels

Air Group, the leading later life services platform, has today announced its third half-year equity release provider ‘Temperature Check’ report focusing on...

Enra Specialist Finance signs £500m Bridging Facility with J.P. Morgan

Enra Specialist Finance (“Enra”), one of the UK’s largest non-bank lenders has announced today that it has signed a new facility with J.P. Morgan to fund...

Hope Capital drives forward growth plans appointing two new hires

Hope Capital has today announced it has further strengthened its underwriting team with the appointment of two new starters, Helen Hargreaves and Andrew Bate....

Recognise adds further BDM to North West and Yorkshire team

Recognise Bank is continuing to develop its regional offering in the North West and Yorkshire with the appointment of a new Business Development Manager, Paul...

Small businesses say home and hybrid working has more benefits than a return to the workplace

The Government may be encouraging people to return to work, but new research from Hitachi Capital Business Finance reveals that big and small businesses are...

United Trust Bank funds £42m Kitewood development of 98 new homes near Whitstable, Kent

United Trust Bank (UTB) has agreed to fund the first phase of an exciting new development in Chestfield, Kent by successful regional house builders, Kitewood....

Two thirds of SME leaders never to repay government covid support loans

Two thirds (66%) of SME leaders who received financial support from the Government’s Covid loan schemes, say it’s likely their business will default on the...

Nucleus Commercial Finance hires business development manager as SMEs seek further financial support

Nucleus Commercial Finance, the fintech revolutionising how UK SMEs access finance, today announces that Sam Percival has joined as Business Development...

Together revamps product range to meet customers’ ambitions

Specialist lender Together has made its lowest ever fixed-rate mortgages available to customers seeking finance for shared ownership and Right-to-Buy...

Challenges undermining recovery in construction

Commenting on the latest UK Construction PMI stats, Fraser Johns, finance director at construction firm Beard, said: “It’s clear that the current...

Majority of brokers say an economic bounce-back is most critical to their success for the rest of the year

More than half of brokers (55%) say an economic bounce-back and the avoidance of high unemployment is most critical to their business success for the rest of...

Praetura Group boosts SME growth with launch of Praetura Invoice Finance division

Praetura Group, the North West-based debt and equity capital provider to SMEs, is expanding with the launch of a new financial division designed to unlock...

Aldermore provides £3.4m commercial mortgage to Yorkshire-based family

Aldermore bank has provided Banwait Group Holdings Ltd with a £3.4 million commercial mortgage facility, to support their plans for growth as they work to...

Comments on CBI SME Trends Survey

Following the CBI SME Trends Survey being published this morning, Chirag Shah, CEO, Nucleus Commercial Finance comments on the CBI SME Trends Survey: “It’s...

Bibby Financial Services appoints Mike Day as Regional Head of Sales

SME partner Bibby Financial Services (BFS) has appointed Mike Day as Head of Sales for Yorkshire and the North East to boost its support for businesses in the...

Asset finance market grew by 39% in June 2021

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

Bibby Financial Services sees strong client turnover growth as SMEs bounce back in 2021

International SME funder, Bibby Financial Services (BFS) has seen global client turnover grow by almost a third year-on-year as SMEs around the world start to...

Aldermore provides block bridging facility to Manchester-based specialist lender

Aldermore bank has provided a multi-million pound block bridging facility to SDKA Ltd, which will provide the funding they need to continue to accelerate their...

West One Bridging business performance up by a third on last year

West One Loans, one of the UK’s largest non-bank lenders, has published its short-term lending results for the first half of 2021 – revealing an...

Hope Capital completes legal works on £2.25m bridging loan within hours

Hope Capital, with the help of other parties, recently worked collaboratively to secure a £2.25m bridging loan for a client who owned a residential terraced...

Fleet Mortgages announce acquisition by Starling Bank

Fleet Mortgages, the buy-to-let specialist lender, has today announced the acquisition of the business by Starling Bank in a £50 million cash and share deal....

Nucleus Commercial Finance enhances business cash advance to support more SMEs post-Freedom Day

Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Cash Advance (BCA) to support more SMEs...

Impact Specialist Finance and Together complete Auction Finance bridge in 7 days to beat Stamp Duty Deadline

Impact Specialist Finance and Together teamed up in late June to deliver a customer’s auction funding within seven days to beat the June stamp duty deadline....

Finverity appoints Alex Collingwood as Head of Corporate Sales & Origination

Finverity, the award winning mid-market supply chain finance platform with a focus on emerging markets, today announces the appointment of Alex Collingwood as...

Comment: Construction crisis from COVID pings

Commenting on the increasing numbers of construction workers having to isolate due to being pinged by the COVID app, Neil Sherreard, deputy chairman of Beard,...

Hospitality output growth soars amid broader sectors slowdown

June saw the output of UK hospitality businesses grow at the fastest rate in nine years, as more consumers took advantage of lockdown-easing, according to the...

Recognise Bank supports professional practice and healthcare sectors with new hires

Recognise Bank has signalled its intention to provide the best lending support to the UK’s small and medium-sized businesses by appointing two new industry...

Fiduciam seals complex bridge loan in Belfast

Bridging and marketplace lender, Fiduciam, has completed a complex bridge loan in Northern Ireland in just six weeks. The loan was for a five-storey office...

North-South divide exacerbated by Covid-19

Following Boris Johnson’s plans to level up the country, new research1 from Nucleus Commercial Finance reveals the scale of the challenge the government...

Comment: Demand for construction workers close to 20-year high

Following the latest ONS figures finding demand for construction workers close to 20-year high with 33,000 job vacancies in the sector, Neil Sherreard, deputy...

Foundation Home Loans Acquired by Athene Holding Ltd.

Agreements have signed for Foundation Home Loans to be acquired by an affiliate of Apollo Global Management, Inc., Athene Holding Ltd. The transaction remains...

United Trust Bank appoints Louise McIntosh to new Asset Finance Head of Operations role

United Trust Bank (UTB) is continuing to develop its Asset Finance division with the appointment of Louise McIntosh in the newly created role of Head of...

Alternative Bridging Corporation (ABC) partner with Nivo to transform their application processing

Alternative Bridging Corporation (ABC) has partnered with Fintech specialists Nivo to offer a quick, intuitive app based solution to make their application...

Aldermore provides £4.6m loan for redevelopment of seaside hotel in Somerset

Aldermore bank has provided a £4.6 million property development loan to Refresh Property Group Limited, part of the wider group of companies comprising of...

COVID-19 Financing Impact – One Size Will Not Fit All

With the so-called ‘Freedom Days’ looming large starting in England from July 19th across the UK, there can be no doubt that the impact of the pandemic...

Confidence booming as Britain continues to open for business

Whilst the effect of Covid on the Savanta Business Confidence Index is stark – an immediate fall at Q2 2020 as Covid hit, followed by a rally in summer...

British workers have picked up at least two new career driven rituals during lockdown

Additional time on people’s hands as a result of the pandemic has prompted the average British worker to pick up a range of good habits for their careers,...

Together posts record monthly lending

Specialist lender Together today announced record monthly lending since the start of the first UK lockdown. The finance group, which provides commercial and...

Recognise bolsters presence in the North West

Recognise Bank is reinforcing its presence in the North West with the appointment of three new Business Development Managers in the region. The move cements...

Business leaders say UK’s ailing infrastructure is restricting return to growth – RSM The Real Economy Study

New research reveals that business leaders overwhelmingly believe the state of UK infrastructure is restricting economic growth nationally, locally and within...

United Trust Bank funds £10.29m development in Bridlington by Ashcourt Group Ltd

United Trust Bank (UTB) is funding a development of 22 new homes in a stunning sea-front location in Bridlington, Yorkshire. The new £10.29m development will...

Percentage of small businesses contracting hits record low

With the end of social restrictions and Government advice to work from home, new research from Hitachi Capital Business Finance reveals that the percentage of...

Specialist lender Hodge joins Brickflow

Specialist development finance lender Hodge has become the latest to plug into Brickflow – the UK’s first search engine for development finance....

Finance brokers bank on red flag alert to help beat fraud

The National Association of Commercial Finance Brokers (NACFB) has partnered with disruptive data analysts Red Flag Alert in a bid to help protect brokers and...

Reward Finance Group launches presence in the Midlands with senior appointment

Alternative finance provider, Reward Finance Group, has launched its presence in the Midlands with the high-level appointment of Steph Brown as business...

Hope Capital smashes goals in Q2

Hope Capital has achieved a number of company records, owing to an extremely successful quarter in business. The specialist short-term lender has today...

Growing businesses almost twice as likely to be run by a tech-savvy leader

Growing businesses are led by leaders that know about – and regularly talk about – technology, according to new findings from Thoughtworks, a global...

Hope Capital bolsters sales team

Hope Capital has announced a further boost to its sales team with the appointments of David Burford to support brokers throughout the South West of England and...

Optimum Finance expands to better service SMEs and high growth businesses in the North

Optimum Finance welcomes yet another member to the team. Paul Green is the latest in a series of appointments as the invoice financier expands to better...

UTB Structured Property Finance launches 75% LTV lending on Commercial & Mixed-Use Property

United Trust Bank (UTB) has begun offering up to 75% LTV on Commercial/Mixed lending supported by the Recovery Loan Scheme (RLS). Facilities of up to £10m are...

Recognise Bank expands team to support growth plans

SME lender, Recognise Bank, has appointed three new Business Development Managers as it seeks to meet its ambitious growth plans across the UK. With a network...

Experian supplies Decision Analytics solution for ethical banking platform Soar

Digital banking platform Soar will use Experian’s Decision Analytics solutions to support its work in the community banking market. The new partnership will...

Asset finance market grew by 106% in May 2021

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

Together Announces Launch of Brooks Asset Backed Securitisation

Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading specialist mortgage and secured loan providers, is pleased...

Selina Finance launches partnership with Pure Law

Selina Finance has partnered with Pure Law to deliver completions on its innovative overdraft-style second charge lending facilities. The partnership with Pure...

Furlough figures plunge, but travel workers, older people and men remain vulnerable

The numbers on furlough fell 1.2 million in a month – to 2.4 million by the end of May. 30% of businesses had staff on furlough, down from 35% a month...

Household spending tumbled 11% in the first quarter of 2021. Only e-commerce prevented an even greater collapse, says ParcelHero

New Government figures show household spending fell significantly in January-March this year, compared to the same period last year. The home delivery expert...

Trade Ledger underpins ambitious expansion plans with new senior appointments

Trade Ledger, the global technology provider for the commercial banking and financial services industry, has announced three senior appointments, further...

Begbies Traynor appoints personal insolvency manager in Scotland

Leading professional services firm Begbies Traynor has appointed personal insolvency specialist David Tannock as a manager based at its Glasgow office. With...

Reward Finance Group simplifies lending product to benefit SMEs and introducers

Reward Finance Group has replaced its Invoice Finance Plus product with the aptly named ‘Asset Based Solutions’ in a bid to simplify its offering to SMEs....

Hotel group receives £5m funding to safeguard thousands of jobs

Bibby Financial Services (BFS) has provided a £5m Invoice Discounting facility to HC Facility Management Ltd (HCFM), a leading provider of outsourced hotel...

BuildLoan launches new self build products with Vernon Building Society

BuildLoan has created two new low rate, low fee products funded by Vernon Building Society. The discount rate products for self and custom build, renovations,...

Nucleus Commercial Finance comments on FSB calling for increased Government support for SMEs

Following the news from the Federation of Small Business this morning that small firms need more help to bridge an 18-day gap as Covid limits continue but...

Tapering furlough unlikely to widen the scope of job losses

In March 2021, the government announced that from 1 July 2021 the scheme would taper to 70% and then in August and September to 60%. It will then stop...

Allica to lend additional £50 million in owner-occupied commercial mortgages at a limited edition reduced rate

Allica Bank has committed to lend an additional £50 million at a reduced margin of 3.5% during an 8-week promotion targeted at SMEs looking for owner-occupied...

United Trust Bank continues to grow Asset Finance team with new BDM appointment

United Trust Bank (UTB) has appointed Kerry Stuart as a Business Development Manager as it continues to expand its Asset Finance division. Kerry has over 20...

R3 launches free guide for company directors

Restructuring and insolvency trade body R3 has launched a free guide for company directors that explains how to spot signs of financial distress, the options...

CICM appoints former 20th Century Fox exec to lead institute transformation

The Chartered Institute of Credit Management (CICM), the world’s largest professional credit management organisation, has appointed former 20th Century Fox...

UK small businesses set out requirements for a return to the office – including bring the dog

Small businesses may be returning to the workplace but many want to re-create the home comforts that got them through a year of home-working during lockdown....

Joanna Hill joins GFA Exchange Advisory Board

Joanna Hill, an influential powerhouse within the financial services sector, has recently joined the advisory board at GFA Exchange. Joanna brings a wealth of...

Fujitsu Launches Digital Trader Services to Reduce Post-Brexit Customs Complexity

Answering post-Brexit customs challenges, a Fujitsu-led consortium is today launching Digital Trader Services, a digital first solution which will offer UK...

Roz Cawood joins Hope Capital

Hope Capital has announced the appointment of Roz Cawood as Director of Sales. The recruitment of Roz is part of the company’s expansion strategy following...

Job market remains defiant in the week after Government postpones lifting of lockdown

On the day that lockdown restrictions were due to be lifted, the latest data from the UK’s leading independent job board, CV-Library, reveals that the job...

Reward Finance Group achieves ten years of continuous growth

Despite the pandemic, alternative finance provider, Reward Finance Group, which has offices in Leeds and Manchester, has marked its milestone anniversary with...

UK Leads Europe with £46M Card Fraud Loss Cut in 2020

In a year that presented fraudsters with new opportunities to exploit consumers, UK financial institutions continued to lead the charge across Europe in...

UK recovery accelerates in May as tourism and recreation leads the way

Businesses that have borne the brunt of COVID-19 restrictions helped the UK’s economic recovery accelerate in May, according to the latest Lloyds Bank UK...

Finance firm to sponsor second series of BAFTA-winning TV programme

Specialist lender Together has agreed a sponsorship deal for a second series of the BAFTA-winning national property renovation TV show, The Great House...

Working from home has increased UK working hours by 22%, but at what expense?

Research from Ezra, the leading provider of digital coaching, has found that UK employees are working longer hours than ever thanks to remote working. However,...

Aldermore provides £8.4m for ultra low carbon development in Sheffield

Aldermore bank has provided a £8.4 million development finance loan to Citu Group, a low carbon property developer which specialises in using modern methods...

Paradigm appoint new Director of Membership

Paradigm Mortgage Services, the mortgage services proposition, has today announced the appointment of Richard Goppy in the new role of Director of Membership....

Enterprise completes bridging loan in only five hours

Enterprise Finance, one of the industry’s most experienced specialist brokers, has completed a bridging loan in a rapid turnaround of just five hours. The...

Just Cashflow offers Invoice Finance facilities with Optimum Finance

Just Cashflow will now be offering new and existing customers a full range of Invoice Finance facilities through a mutually beneficial relationship with...

Delay to roadmap risks a dangerous detour for jobs

Early payroll estimates for May show the number of employees has risen for the sixth consecutive month, up 197,000, but it’s still down 553,000 from before...

Just Mortgages launches new build training academy

Just Mortgages, one of the largest mortgage brokerages in the UK, has opened applications for its first training academy specifically dedicated to new build...

Together successfully issues second commercial real estate MBS

Together Financial Services Limited (“Together” or the “Group”), one of the UK’s leading mortgage and specialist loan providers,...

Cashflow Management with a Twist: Cashflow Essentials-The 7 C’s

ERS Consulting Services is pleased to announce that Mr. Eddy Sumar just finished his new workbook ‘Cashflow Management with a Twist: Cashflow Essentials-The...

Fiduciam grows its graduate programme in 2021

Fiduciam will hire ten graduates this year in an expansion of its graduate programme, bringing more new talent into the bridging industry. This is an increase...

Just Mortgages expands throughout Scotland

Leading broker firm, Just Mortgages, is expanding throughout Scotland. Since the start of the year, it has almost quadrupled the number of self-employed...

CICM appoints new Head of Strategic Relationships

The Chartered Institute of Credit Management (CICM), the world’s largest professional credit management organisation, has appointed John Kane MCICM as its...

Non-remote businesses to spend £23bn on COVID regulation this year

While there may be a glimmer of light at the end of the COVID tunnel for businesses in the UK, with vaccinations on the increase and signs of an economic...

KM2 Ethical Finance are delighted to welcome Amir Ali as an Independent Board Advisor

KM2 Ethical Finance Ltd (KM2) has appointed Amir Ali to its board to act as an independent advisor to the team. The company recognises the invaluable...

Aldermore now accredited to offer Invoice Finance under Recovery Loan Scheme

Aldermore, the specialist bank, today confirms it is now an accredited lender under the Invoice Finance variant of the British Business Bank administered...

Comments on today’s BDO Optimism Index

Following the release of BDO’s Business Optimism Index, Chirag Shah, CEO, Nucleus Commercial Finance said: “After a year filled with uncertainty,...

Hope Capital undertakes a product revamp

Specialist short-term lender, Hope Capital has announced it has revamped a number of its bridging finance products to enhance its competitive offering. The...

Together unveils lower commercial bridging rates

Together has cut rates, hiked LTVs and doubled maximum loan sizes in a refresh of its unregulated bridging products. The specialist lender has repriced its...

First female CEO for Euler Hermes UK & Ireland

Euler Hermes, the world’s leading trade credit insurer, has appointed Sarah Murrow as CEO of its UK and Ireland business, with effect from 1 June and subject...

Aldermore provides £1.3m commercial development development facility for drive-through units

Aldermore bank has provided a £1.3 million commercial development finance loan to Cookridge Estates LLP, the West Yorkshire property developer, to fund the...

Fiduciam loan enables Carbis Bay hotel to recommence trading in time for G7

Fiduciam has granted a £7.5 million loan to enable the Treloyhan Manor Hotel in Carbis Bay to resume trading in advance of the G7 and be extensively upgraded....

28% business leaders are unaware of the Help to Grow Scheme launching in June

With the Government’s Help to Grow scheme launching this month, Nucleus Commercial Finance CEO Chirag Shah commented on the lack of awareness of the new...

United Trust Bank launches Broker Summer Support Package 2021 with Max. 85% LTV mortgages & new document upload technology

United Trust Bank (UTB) has launched its Broker Summer Support Package 2021 – #BSSP21 – with a return to maximum 85% LTV lending on all its first and...

The property market pockets driving price growth in each county

Research from national UK estate agent, Keller Williams UK, has revealed which areas of the property market in England are currently Best in Show, when it...

Fleet Mortgages appoints new Key Account Manager

Fleet Mortgages, the buy-to-let specialist lender, has today announced the appointment of a new Key Account Manager. Wes Regis joins with immediate effect and...

SME developer boom pushes Shawbrook past £1bn lending milestone

Shawbrook Bank, the UK’s leading specialist lender, doubled the number of loans it made to property developers in the 12 months to April, reaching its target...

SME financial support needed if UK lockdown restrictions stay

With uncertainty around the government’s roadmap and easing of lockdown on June 21st, businesses have called for the government to bring forward a fresh...

Allica Bank appoints new Relationship Manager to bolster asset financing offering

Matt Ellery has joined Allica Bank as a relationship manager to boost its fast-growing asset finance division in the South East and Midlands. He will sit on...

Bibby Financial Services announces new hires to boost SME funding in North of England

SME funder, Bibby Financial Services (BFS), has announced two new hires to grow its support for regional businesses throughout the North East and Yorkshire as...

Together hires new BDM in South Wales as it bolsters its intermediary sales team

Experienced business development manager Michelle Walsh has returned to Together to drive the specialist finance provider’s growth in South Wales. Michelle,...

Atradius comments on end of Government Reinsurance Scheme

“The Government was fast to recognise the essential role trade credit insurance plays in enabling trade, protecting businesses from the risk of...

Chile open to international trade as economy rebounds

A robust economic rebound is expected for Chile in 2021 with a recovery of overseas imports, reports trade credit insurer Atradius. Businesses trading with...

First 4 Bridging partners with Nivo

First 4 Bridging (F4B) has partnered with Nivo to deliver a secure instant messaging and document gathering service for its growing number of intermediary...

New Government report shows steep fall in trade – with Brexit having a bigger impact than Covid

Today’s ONS report looking at the combined impact of Covid and Brexit shows trade with EU countries has declined 23.1%. The report also reveals Brexit...

G20 merchandise trade reaches record high in first quarter of 2021

Continuing the recovery initiated in the third quarter of 2020, international merchandise trade for the G20 reached record levels in Q1 2021, as measured in...

Presentation and report of the Fast Track Business Activation Mechanism

Nicosia, Cyprus – Antoun Massaad the CEO of Limassol based Cedar Rose was invited to speak at the press conference organised by the Ministry of Energy,...

Optimum Finance appoints Vicky Williams as new CFO

Specialist SME invoice finance company Optimum Finance has recruited Vicky Williams as Chief Financial Officer. Following the appointment of CTO Gordon...

PSR seeks views on next stages to deliver Confirmation of Payee by all banks

Today, the PSR has published its call for views on the second phase of delivering Confirmation of Payee (CoP), which is a name-checking service designed to...

The High Street fights back: strong April store sales hit e-commerce hard

In the latest round of the fight between the High Street and online sales, in-store sales dealt e-commerce a body blow, says the home delivery expert...

Together Financial Services Limited – Q3 Results

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading specialist mortgage and secured loan providers, is pleased...

Small businesses bounce back but concerns remain for Covid having a long economic tail

Excitement may be ramping up due to reduced social restrictions this week, but the long-term impact of COVID is the biggest worry for small business owners for...

Impact Specialist Finance appointed by Mojo Mortgages as a referral partner for complex customers

Impact Specialist Finance has been appointed by Mojo Mortgages as a referral partner for customers with a complex scenario or poor credit history. This...

Evolution Money celebrates 10th Anniversary

Evolution Money, the second-charge lending specialist, has today celebrated its 10th anniversary having lent well over £260 million to over 26,500 customers...

Less family time, commuting & Covid – The mental health fears for those returning to work

Research from Ezra, the leading provider of digital coaching, has revealed that a quarter of UK office workers believe a return to the physical workplace may...

Shawbrook Group plc – Q1 2021 trading update

Shawbrook Group plc (‘the Group’) today issues its trading update for the three months ended 31 March 2021. Highlights: Strong financial and resilient...

Aldermore provides £750,000 construction finance facility to support growth of Leicester-based family business

Aldermore bank has provided a £750,000 Construction Finance facility to NP Services Ltd, a family run metal fabrication specialist. Based in Leicester, the...

Kidbrooke partners with additiv to meet growing demand for financial health and pension planning tools

Kidbrooke, a leading provider of financial analytics APIs, confirmed today that they are making their range of holistic financial planning and analytics...

Almost a third of SME leaders optimistic about restrictions lifting in June, but fearful of future lockdowns

As we enter the next phase out of lockdown, research from Nucleus Commercial Finance reveals nearly a third (31%) of SME leaders are optimistic about all...

Indonesia: UK exporters must be in it for the long-term says Atradius

Businesses wanting to establish trade links with Indonesia need to be forward thinking, advises trade credit insurer Atradius. As the largest economy in...

LiveDesk named Remote Team Communication & Collaboration innovation of the year

Homeworking specialist Sensée is delighted to announce that its LiveDesk™ Digital Workplace Creation Tool was named Remote Team Communication &...

Mann Island Finance Lending Hits £1Bn

Mann Island Finance celebrated a significant milestone on May 13th when its total financing activity passed the £1Bn mark. It was an impressive number and...

Business Confidence increases significantly with the successful vaccine rollout and a clear roadmap out of lockdown

The effect of Covid on the Savanta Business Confidence Index is clear to see. Confidence had rallied at Q1 2020 following the general election, plummeted with...

A bumper month for construction contract awards as the total value reaches £9.1 billion

In April 2021, contract awards increased by 58% compared to March to £9.1 billion. This level of activity was last seen in January 2020. The latest edition of...

City centres hotels must ‘pivot to prosper’ says RSM

City centre hotels must change their route to market to help secure a greater share of pent-up demand says RSM. The predicted sustained increase in consumer...

Furlough figures underscore challenge for MSPs

More than 300,000 jobs were supported through the Coronavirus Job Retention Scheme in the spring, according to official figures published last week and...

Allica Bank expands broker distribution team and increases commercial mortgage and asset finance maximum loan size

Allica Bank has appointed three Business Development Managers to further drive its broker distribution channel. The appointments coincide with a decision to...

Together hires new regional development manager in broker team shake-up

Specialist lender Together has hired a highly-experienced industry professional as a regional account manager for the North. Gary Lomax, who has worked in...

eBay moves into finance to help small businesses in Covid cashflow crisis

eBay UK today announces a landmark new finance program, Capital for eBay Business Sellers (CEBS), to help small businesses rebuild by delivering much-needed...

‘Scexit’: the free flow of goods at Scottish borders is vital in any independence planning

The Scottish Nationalist Party’s (SNP) victory in the Scottish Parliamentary elections could pave the way for a second referendum, as pro-independence...

MCI appoints UTB to its lender panel

Continuing to build up the specialist lenders on its panel, MCI Mortgage Club has brought on board United Trust Bank. UTB lends on first and second charge...

Specialist lender Together appoints chief operating officer

A banking heavyweight with more than three decades’ financial services experience has joined specialist lender Together. Darren Clarke has been appointed the...

Hodge announces two new appointments to bolster its support for brokers

Hodge has announced the appointment of two new telephony business development managers, Cara Thompson and Alan Crawley, reinforcing its ongoing commitment to...

New alternative lender Blazehill Capital announces first new hire

New alternative lender Blazehill Capital is pleased to announce the appointment of Jake Hyman as Business Development Director, signalling its commitment to...

1.4 million SME leaders unaware of how new government support measures could help their business

As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support....

Asset finance market grew by 15% in March 2021

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

CHL Mortgages confirms National Accounts Manager and BDM team

Following last week’s announcement of their return to lending as an intermediary-only specialist buy-to-let lender, CHL Mortgages has confirmed appointment...

Forums International Welcomes a New Ambassador to the Team

Forums International is delighted to welcome Jon Swan to the team as our Ambassador and brings a wealth of experience to our membership as we continue to grow...

UK importers are still reeling from increased Brexit costs and delays, warns ParcelHero

New Government figures released yesterday revealed many businesses are still overwhelmed by the impact of Brexit. Over 39% of importers reported they are still...

Specialist Mortgage Group appoint new Head of Y3S Bridging & Commercial

Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has today announced it has appointed a new Head of its Y3S...

UK SMEs to invest an average of £150,000 as post lockdown optimism grows

The UK government’s plans to ease lockdown restrictions have seen a surge in optimism from SMEs, according to the latest Covid-19 Pulse survey from business...

Furlough figures fall by half a million as the doors open again

The numbers on furlough fell half a million – to 4.2 million by the end of March. They had risen from 4 million in December to 4.9 million in January,...

York automotive engineers gear up for growth and new jobs with £200k cash injection from Reward Finance Group

York-based specialist automotive engineers, ProSpeed, is to create six new jobs and plans are now in place to double the size of the 15-strong workforce over...

Foundation Home Loans cut fees on Limited Edition Limited Company products

Foundation Home Loans, the intermediary-only specialist lender, has today cut the product fees on three of its Limited Edition Limited Company buy-to-let...

Trading report provides insight into Turkish market

A trading report giving insights into the Turkish market has been published by leading trade credit insurer Atradius. The Turkey Country Report analyses the...

Swishfund will offset ten tons of carbon for every new customer

Swishfund will offset ten tons of carbon for every new customer from 1 May 2021, announced the alternative lender today at Fintech North’s conference on...

Research Reveals UK SMEs Beset By An Average Of £130,000 In Late Payments

Despite all lockdown restrictions lifting on 21st June, the number of delayed invoices owed to small businesses in the last 12 months – which, on average,...

United Trust Bank seeks new Asset Finance Head of Sales as Keith Sangwin announces his retirement

United Trust Bank (UTB) has begun the search for a new Head of Sales for its Asset Finance division following Keith Sangwin’s decision to retire at the end...

United Trust Bank provides £5.3m funding to Apex Capital Partners for South London site assembly plan

United Trust Bank (UTB) has financed the acquisition of two light industrial premises as part of a site assembly plan by Apex Capital Partners which could lead...

Commercial aerospace sector faces immediate uncertainty following pandemic but expected to recover strongly

The global impact of the COVID pandemic has been dramatically felt by the global aerospace sector, which almost overnight suffered a catastrophic collapse in...

Fiduciam completes €10m loan for Barcelona development during COVID-19

Fiduciam, the short-term and marketplace lender, has completed a €10million loan to enable a developer to refinance its banking debt and fund the balance of...

Fleet Mortgages’ Q1 2021 Rental Barometer shows strong quarterly growth

Fleet Mortgages, the buy-to-let specialist lender, has today launched the fifth iteration of its Buy-to-Let Rental Barometer covering Q1 2021 rental yields...

UK businesses forced to furlough accounts payable staff during lockdown

41% of UK Finance decision makers have had to place accounts payable staff on furlough in at least one of the lockdowns over the past 12 months, according to a...

Together funds Fluent Money’s first ever bridging loan

Together has provided finance for Fluent Money Group’s first short-term loan following its launch into the bridging market. The established specialist broker...

Birmingham based medical group receives £900,000 funding to support growth

Bibby Financial Services (BFS) has provided a £900,000 Trade Finance and Invoice Finance facility to Henly Arthur Ltd, a member of V2M Healthcare Group. Henly...

Will High Street stores turn to the dark side to survive their battle with e-commerce?

A new study by the home delivery expert ParcelHero reveals the store of tomorrow might replace shoppers with robots and stock with digital screens. The...

Help to Build will be a huge boost for self build sector, says BuildLoan

BuildLoan welcomes the Government’s announcement on the Help to Build scheme as it offers wider opportunities for people to build or customise their own...

Blazehill Capital launches to provide credit and working capital funding to UK mid-market businesses

Today, 26 April 2021, marks the launch of Blazehill Capital, a new alternative lender focusing on providing credit and critical working capital funding to...

SME leaders hopeful of making up lost revenue caused by Covid-19 within a year

SME leaders believe it will take on average 12 months for their businesses to make up for lost revenue caused by the COVID-19 pandemic, according to research...

Scottish business optimism rises as wider economy re-opens

Confidence is rising among Scotland’s local and independent firms, according to new research from the Federation of Small Businesses (FSB). As retail and...

Lockdown versus lockdown: online sales rocketed 62% this March over lockdown March 2020

Despite the temptations of an imminent return to shopping in ‘real’ stores, March online sales still boomed 0.6% against February’s sales and over 60%...

Foundation Home Loans launch new 90% LTV residential products

Foundation Home Loans, the intermediary-only specialist lender, has today launched a new suite of residential products. The new F1 product range includes new...

Nucleus Commercial Finance enhances business growth loans to support more SMEs

Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced enhancements to its Business Growth Loans, helping to support more...

New offices and new jobs announced as Reward Finance Group breaks another record

Reward Finance Group delivered its strongest ever new business performance in March, resulting in it breaking through the £90m lending milestone for the first...

Hope Capital comments on HMRC Property Transaction figures

Commenting on the HMRC transaction figures, Jonathan Sealey, CEO at Hope Capital said: “The figures from HMRC this morning are remarkable even when you take...

Avetta enhances and speeds legal risk compliance for suppliers through new eSignature service

Avetta announced today it is now offering legal risk compliance with its eSignature service so suppliers have a legal way to digitally and remotely sign...

UK recovery accelerates as number of sector in growth mode hits six-month high

The number of UK sectors reporting output growth rose to a six-month high in March, according to the latest Lloyds Bank UK Recovery Tracker, as businesses...

United Trust Bank appoints Paul De Croos as Head of Originations – Property Development

United Trust Bank (UTB) has appointed Paul De Croos as Head of Originations – Property Development. Paul, who joins UTB from the Bank of London and the...

YouGov poll reveals one in five SMEs have changed recruitment plans as a result of successful vaccine rollout

New research has revealed that nearly a fifth (19%) of SMEs in the UK are planning to recruit more staff for new roles following the UK’s successful vaccine...

First 4 Bridging partners with Roma Finance for semi-exclusive bridging loan

First 4 Bridging (F4B) has partnered with Roma Finance to offer its introducers and intermediary partners access to a semi-exclusive bridging loan. Rates start...

Bibby Financial Services launches £300m pandemic recovery fund to support UK SMEs

International SME funder, Bibby Financial Services (BFS), has announced a £300m Pandemic Recovery Fund to support SMEs as lockdown restrictions are lifted...

Shawbrook Bank – FY20 results

Shawbrook Bank, (“the bank”) said it was ideally positioned to continue supporting customers through the economic recovery after posting a “resilient and...

Fleet Mortgages announce range of criteria changes

Fleet Mortgages, the buy-to-let specialist lender, has today announced a range of criteria changes which will be introduced with immediate effect. The criteria...

Finverity pinpoints 3 key drivers for supply chain finance as an asset class

The collapse of Greensill, the financial services company backed by Softbank, has drawn worldwide attention to the supply chain finance sector whilst...

Positive signs for the travel sector as hotel & flight searches increases for the first time in 2021

Research by Butter, the UK’s only Buy Now Pay Later (BNPL) travel agency, has found that UK holidaymakers are starting to ramp up the search for some summer...

High streets banks struggle to retain consumer trust in an increasingly digital world

More than eight in ten (81%) Brits claim trust is the deciding factor on their purchasing journey, yet more than three quarters (76%) admit they lack trust in...

F​intern raises £32m to expand access to affordable loans in the UK

On the back of their public launch in March, London-based startup Fintern has announced that it has raised £32m in equity and debt funding. The equity funding...

New survey paints positive picture of Employee Engagement during lockdown

Throughout lockdown, business leaders have debated the tricky issue of how best to engage and support their people while working from home. However, according...

UK exports tumble -18.3% as ParcelHero warns that non-EU countries won’t fill the Brexit void

The official UK trade figures for February make grim reading for Britain’s manufacturers and retailers, says the international delivery expert ParcelHero....

Foundation Home Loans adds ‘Green Reward’ remortgage to residential range

Foundation Home Loans, the intermediary-only specialist lender, has today launched a ‘Green Reward’ remortgage as part of its residential range. The...

Homeowners not worried about market cliff edge, but won’t sell if house prices dip

The latest research by homebuying platform, Yes Homebuyers, has found that homeowners aren’t worried about the potential cliff edge facing the UK property...

Landbay increases flexibility and lowers rates

Buy-to-let lender Landbay is adapting its market leading product range to add flexibility for intermediaries and their clients. The award-winning lender is...

ONS post-Brexit trading stats: expert comment

The ONS have released the UK’s trading statistics for Februrary, revealing a 12% year-on-year decline in UK exports to the EU, although there was a 20%...

CIBA appoint Antoun Massaad as Executive Committee Member

The Cyprus International Businesses Association has announced the appointment of Antoun Massaad the CEO of global business intelligence company Cedar Rose. He...

Small business growth forecasts hit two-year high

Small business growth forecasts have finally returned to pre-Covid levels – with London, the South East and Yorkshire driving resurgent small business...

Quarter of SME leaders optimistic about reopening their business, but many report anxiety and stress

As businesses reopen their doors today, research from Nucleus Commercial Finance today reveals a quarter (25%) of SME leaders feel optimistic about reopening...

Capital raising key for clients – latest Knowledge Bank Tracker results reveal

New research from criteria search specialist Knowledge Bank shows that homeowners are utilising second charge mortgages to raise money to invest in buy-to-let...

United Trust Bank appoints Jon Mote to new Specialist Business Development role in Asset Finance

United Trust Bank (UTB) has appointed Jon Mote as the Head of Specialist Business Development – Asset Finance in a further move to develop its presence in...

Asset finance market grew by 1% in February 2021

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

Together provides nine-hour commercial bridge secures client’s office investment

Together and First 4 Bridging joined forces to deliver a £400,000 commercial bridging loan in just nine working hours to help an investor expand his...

Hanley Economic BS celebrates national workplace award

Hanley Economic Building Society has been recognised as one of the UK’s Best Small Companies to work for in 2021. The Society gained a 3-star accreditation,...

United Trust Bank funds £6.7m development in Cumbria by Genesis Homes

United Trust Bank (UTB) is funding a development of 25 family homes on the edge of the Lake District National Park. The development, situated in the Cumbrian...

Nexus Global reveals that business confidence in the UK has risen by 9.7% since last year

Nexus Global reveals that Business confidence in the UK has risen by 9.7% since last year (May 2020). UK businesses are most assured about the overall health...

Covid crisis makes self-employment less attractive, warn firms

Three fifths of business owners in Scotland say that the covid crisis has made self-employment less attractive, according to a new study of Scotland’s...

Aryza Lending Solutions Provides Over 200 Lenders with Access to the Vulnerability Registration Service

Aryza Lending Solutions, part of the Aryza Group has become the latest organisation to join the Vulnerability Registration Service (VRS) as a member to help...

Childhood dream becomes reality for leisure operator following £300,000 investment from Reward Finance Group

Carol Gerrard-Hughes has realised a childhood dream by investing £300,000 to improve the Forest View pub and caravan site in Oakmere, Northwich using a...

Joint Administrators of H M Project Developments Ltd (In Administration) (“HMPD”) announce major environmental restoration project

Benjamin Wiles and Steven Muncaster of Duff & Phelps Ltd. were appointed Joint Administrators of H M Project Developments Ltd (“HMPD”) on 30 April...

United Trust Bank and Aprao team up to promote the benefits of ‘PropTech’ solutions

United Trust Bank (UTB) and PropTech provider Aprao have announced a collaborative relationship to promote the benefits of digital solutions in the development...

Founding Directors depart Y3S Bridging & Commercial as Specialist Mortgage Group acquire full share capital

Specialist Mortgage Group (SMG), the group of packaging firms committed to specialist finance, has today announced it has acquired the full share capital from...

Suez is not the only block to global trade

“The Suez canal disruption has the potential to cost the world economy up to $10bn in lost trade for each week that the Ever Given blocks the canal, adding...

Retail’s 2.2% sales rise is ‘dead cat bounce’, says ParcelHero

Figures released today by the Office for National Statistics (ONS) show a slight rise of 2.2% in the value of retail sales against last month (February). This...

ICTF announces the establishment of a new Pharmaceutical, Healthcare Products & Medical Equipment International Credit Group

The general purpose of the Group will be to exchange and discuss, during regular meetings, relevant historical credit information and credit management...

Allica Bank appoints four new relationship managers to boost broker support and drive new lending

Allica Bank has made four appointments to its award-winning Business Relationship Manager team to further strengthen its operational capacity in commercial...

Trading company and high rise buy-to-let now available at Landbay

Specialist lender Landbay has launched a range of buy-to-let products for trading limited companies purchasing or remortgaging standard properties, HMOs and...

Reward Finance Group named as one of the 50 fastest growing companies across Yorkshire

Reward Finance Group has capped its tenth anniversary by being included in a list of Yorkshire’s Fastest 50 Awards. The prestigious awards were established...

Global trade trends accelerated by pandemic: Atradius white paper

The pandemic has vastly accelerated the pace of change to global trade, according to experts in a new white paper from trade credit insurer Atradius. The new...

Inclusive female-led lender approves £4m to UK SMEs in 12 months of CBILS

A year since it was awarded CBILS lender status, responsible lender, AskIf, can now reveal it has approved close to £4m to deserving SMEs and microbusinesses,...

Light at the end of the tunnel: a third of SME leaders optimistic for year ahead

After facing the biggest challenges on record in the past 12 months, SME leaders believe there is light at the end of the tunnel, with a third optimistic about...

Global demand for UK technology drives recovery in February

The number of UK sectors reporting output growth doubled in February, led by a strong performance from technology equipment manufacturers, according to the...

UK House Building On Course For Record Numbers Having Shrugged Off Covid

Unsurprisingly, mid-2020 saw a sharp decline in house building with both starts and completions plummeting to well under 20,000 units in Q2 from the recent...

Survey finds business leaders are optimistic about Brexit but fear it will impact resiliency of the supply chain

Avetta surveyed more than 120 business leaders and found they expect Brexit to have the biggest impact on the resiliency of the supply chain in the short term...

Regional trade agreements under spotlight

The global pandemic has presented a stark reminder to businesses throughout the world of how political decisions can impact cash flow. Looking ahead through...

Mann Island Finance Lending Hits £0.5Bn

Mann Island Finance has established itself as a mainstream lender over recent years and in the last eventful year has stepped up its lending activity, working...

Major eco-homes development to take shape after £4m land deal

Pioneering property developer Citu has agreed a £4million land deal with specialist lender Together. Together has so far invested more than £25m into...

Small firms cheer roadmap but warn of long recovery

First Minister Nicola Sturgeon today set out dates for the lifting of most coronavirus restrictions in Scotland, including those related to independent shops,...

Just Mortgages trains brokers to build businesses

National broker firm Just Mortgages is conducting virtual training for its self-employed brokers to support them to grow their own businesses. These sessions...

Covid debt putting 150,000 renters at risk of eviction, says StepChange

StepChange has today warned that 150,000 private renters are at risk of eviction when restrictions are lifted as a result of mounting covid-related rent debts....

New business report on Mexico from Atradius

Trade credit insurer Atradius has published an overview of the impact of the pandemic on Mexico in a new trading report for businesses. As the 15th largest...

Specialist lender Together completes £200m securitisation

Together, one of the UK’s leading specialist loan providers, has completed its first small balance commercial mortgage backed securitisation. The...

Asset finance market fell by 16% in January 2021

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

Comment ONS figures: “Green shoots of recovery starting to show”

Following the ONS figures – which found the construction industry grew by 0.9% in January – Fraser Johns, finance director at Beard, said: “These latest...

BFS provides £2.5m funding facility to drive growth for haulage business

Independent SME funder, Bibby Financial Services (BFS), has provided a £2.5m funding facility to Brit-Pol Limited, a haulage specialist with a decade of...

Britain getting on: Brits predict businesses will prosper as the UK starts life outside the EU

More than three fifths (62%) of people who originally voted to remain in the EU believe there will be favourable outcomes for British businesses following the...

Comments on British Business Bank report on SME lending

A report by The British Business Bank on SME lending in 2020 shows that almost half (45%) of SMEs applied for external financial support in 2020, compared to...

Fintech MarketFinance returns record start to the year as it reaches profitability

Fintech business lender MarketFinance has kicked off 2021 with a significant increase in lending volumes. Year to date, MarketFinance has deployed over £64m...

Hitachi Capital Business Finance news: 50% of introvert bosses likely to keep aspects of home working post lockdown

A new study by Hitachi Capital Business Finance suggests that the majority of small businesses (less than 50 employees) in the UK are run by introverts, and...

Brexit crisis escalates as EU threatens legal action and ParcelHero reveals £5.25bn e-commerce slump

Britain’s unilateral decision to shelve the next phase of Northern Ireland border checks has left the EU threatening legal action, while a new ParcelHero...

United Trust Bank reports a 31% increase in new lending in 2020

United Trust Bank (UTB) has reported a 31% increase in new lending to £1.3bn in 2020, helping to drive Operating Profit to £44.1m1, a 35% increase on 2019....

Two in ten Brits in favour of a cashless society

The argument for a cashless society has been around for a while, but the rapid rise of the Coronavirus crisis has intensified the debate again amid concerns...

United Trust Bank makes five appointments to its Development Finance team

United Trust Bank (UTB) has made five appointments to its Development Finance team in response to increasing demand for property finance from house builders...

Nucleus Commercial Finance launches post-CBILS product to support SMEs

Nucleus Commercial Finance, one of the UK’s leading fintech lenders, has today announced the launch of Business Growth Loans. This is the first product of...

United Trust Bank opens the door to its new broker Zoom Room

United Trust Bank (UTB) has launched its new broker ‘Zoom Room’; A virtual meeting place for mortgage and property finance brokers to stay connected with...

Landbay becomes Europe’s twelfth fastest growing company – as listed in FT1000 Fastest Growing Companies

Landbay, one of the UK’s leading buy-to-let lenders, has been classified as one of the fastest growing companies in Europe. It reached an astounding number...

Zephyr Homeloans reduces rates on its five-year, fixed-rate, standard buy-to-let loans for a limited time

Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has reduced rates on its five-year, fixed-rate, standard buy-to-let loans for...

Sunak’s give-and-take Budget won’t rescue retail or bail out business, fears ParcelHero

The unprecedented national debt created by the impact of the Covid pandemic means Chancellor Rishi Sunak could not produce the Budget to save many struggling...

FSB in Scotland on UK Budget

Chancellor Rishi Sunak has delivered his Budget for the next financial year, renewing and extending many measures designed to mitigate the economic impact of...

Chirag Shah, CEO, Nucleus Commercial Finance comments on today’s Budget – SME focus

Following the Chancellor’s announcement of an extension to the furlough scheme and an extension of business rate relief until the end of June, Chirag...

Research shows $14 trillion in global Covid fiscal measures have worked

Fiscal measures totaling $14 trillion around the world have proved effective in mitigating the pandemic’s economic effects, says a new paper from Cambridge...

Landbay launches new product range to cater for increasing number of new landlords

Landbay, one of the UK’s leading buy-to-let lenders, has today launched a new range of products dedicated to non-portfolio landlords looking to invest in...

Small businesses plan for growth but one in two fear the long tail of Covid

Schools may be going back and the UK may be bracing itself for the easing of Covid restrictions by 21 June, but the long tail of Covid is still causing the...

March 3rd budget: more government-funded business loans aren’t a sustainable long-term solution

Martin McCann, CEO of Trade Ledger, the global technology provider to the commercial banking and financial services industry, provides the following comment...

‘Happy holiday home’: five-day funding for stunning seaside cottage

A property investor seized the opportunity to buy the family seaside cottage where he spent his childhood holidays with a £557,000 short-term loan from...

CPS urges Chancellor to help private sector drive recovery

As the Chancellor prepares for Wednesday’s Budget, his immediate priority is to continue to support the economy through the final stages of the pandemic....

Landbay launches revolutionary buy-to-let calculator

Landbay, one of the UK’s leading buy-to-let lenders, has today launched an innovative buy-to-let calculator that is unique to each specific Landbay product...

As talks fail to strike a Northern Ireland deal, customs chaos will only get worse, says ParcelHero

Delays and red tape on goods sent between the UK and Northern Ireland (NI) are set to increase significantly following the failure of a key UK-EU meeting, says...

Optimum Finance scores ex-Microsoft Director as new CTO

Invoice finance firm Optimum Finance has appointed ex-Microsoft Global Director, Gordon McIntosh, as Chief Technical Officer furthering their specialism in the...

Together Financial Services Limited – Q2 Results

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading specialist mortgage and secured loan providers, announces...

UK online shoppers outspend the world and won’t kick the habit when the High Street reopens in April

England’s eagerly awaited non-essential stores’ reopening date of 12 April may come too late to stop a permanent change in the way Brits shop, says the...

Time to bounce back, 52% of SMEs in Europe relied on loans to survive pandemic

CapitalBox, the leading pan-European online lending platform for SMEs, today unveiled research that shows more than half of European SMEs relied on loans to...

Work begins to breathe new life into historic mill with help from Reward Finance Group

A former flax mill in Cleator, near Whitehaven which played a significant role in the development of rights for women workers following a strike by the female...

Pandemic continues to disrupt rental plans for 76% of tenants

Research from the international rental marketplace, Spotahome, has found that the majority of UK tenants feel safe within the rental market, however, 76% have...

Lessons should be learned from Bounce Back Loan fraud, says SmartSearch

SmartSearch, the UK’s leading anti-money laundering (AML) solution provider, has called on lenders, brokers and conveyancers to learn the lessons from the...

Less than one in 10 SME leaders feel supported during the current lockdown

As the UK’s third national lockdown continues, just 8% of business leaders feel supported, research from Nucleus Commercial Finance today reveals.1 Half...

£4 million facility opens doors for Yorkshire manufacturer

Bibby Financial Services (BFS) has provided a £4 million Invoice Discounting Facility to investment group Modular Group Investments to support the acquisition...

Together teams up with Legal & General to offer short-term finance through its digital platform

Specialist lender Together has added its bridging products to Legal & General’s digital criteria service designed to improve the process of brokers...

Encompass Corporation appoints technology executive Daryn Edgar to Board

Encompass Corporation, the fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, has appointed technology executive Daryn Edgar...

Government-backed loans for smaller builders not enough, claims industry

A new stream of construction loans of up to £10m for SME developers has been launched by the government housing delivery agency Homes England and United Trust...

Roma Finance appointed to MCI’s lender panel

MCI Mortgage Club continues at pace to expand its panel with the addition of specialist lender Roma Finance. The latest lender to join the panel gives MCI...

First 4 Bridging appoints Key Account Manager

First 4 Bridging (F4B) has appointed Sonia Mann as a Key Account Manager to cover the Midlands and surrounding areas. Sonia joins F4B after holding the...

FTBS taking three years longer to get on the property ladder

Research by home buying platform, Yes Homebuyers, has revealed that the time it’s taking for first-time buyers (FTB) to save for their first home has grown...

Fleet Mortgages cut prices on two- and five-year fixes across all ranges

Fleet Mortgages, the buy-to-let specialist lender, has today (16th February 2021) announced a range of price cuts on both its two- and five-year fixed-rates...

2 in 3 builders say new Government VAT policy will lead to cashflow issues and confusion, warns FMB

The Government must scrap new tax policy ‘reverse charge VAT’ to show they are listening to builders and protecting jobs, according to the Federation of...

35% of UK importers are struggling at borders and N. Ireland trade is collapsing warns ParcelHero

The latest Office for National Statistics (ONS) economy figures show businesses are reporting spiralling Brexit challenges. Doubt has also been cast on the...

The Covid long tail for businesses

With global geo-politics in flux, combined with the disruption and turbulence caused by COVID-19 and Brexit, times are tough for UK business. Innovation and...

Subdued levels of activity in January but certain sectors shone

The total value of contract awards in January 2021 was £4.3 billion, a decrease of 12% on December 2020 and also 10% lower than the monthly average in 2020...

West One Loans Buy-to-Let extends borrower exposure to £5m

West One Loans’ buy-to-Let division has announced major criteria changes which will see maximum borrower exposure limits raised by more than three times...

Hanley Economic BS temporarily halts new lending to complete system overhaul

Hanley Economic Building Society has temporarily halted new lending in order to complete the final stage in the overhaul of its mortgage processing platform....

Reward Finance Group adds to Manchester team as deals continue to rise

Reward Finance Group in Manchester is expanding its team further by appointing Christine Daly as portfolio executive, following another impressive 12 months....

Asset finance market fell by 6% in December 2020

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

The PSR plans to bolster protections in payments

Today, the PSR launches two calls for views exploring greater protections for everyone using payment systems: one relating to the protections against APP...

Hospitality and leisure sectors face further disruption and uncertainty with third national lockdown, reveals Duff & Phelps

Business owners across the hospitality and leisure sectors throughout the UK need to take stock and prepare themselves for yet another turbulent year as the...

Debate and research project announced

CCRMagazine and HighRadius are set to produce a new virtual-round-table debate looking at the challenges facing professionals working in the order-to-cash...

Could the Year of the Ox bring a UK property market crash?

While thousands around the world prepare to celebrate Chinese New Year this Friday, welcoming in the Year of the Ox as they do, property market analysis by...

First 4 Bridging launches the F4B Network

Packager First 4 Bridging (F4B) has expanded its intermediary proposition with the launch of the F4B Network. The F4B Network was created on the back of demand...

New US Country Report by Atradius

The United States can anticipate a robust economic rebound in 2021, with political uncertainty decreasing and an injection of fiscal stimulus, reveals the...

Trade Ledger raises £13.5 million in Series A funding

Trade Ledger, the global technology provider to the commercial banking and financial services industry, has raised a total of £13.5 million to complete its...

United Trust Bank steps in to refinance £2.7m Guildford development

United Trust Bank (UTB) has agreed to refinance a £2.7m high quality apartment scheme by Clearview Developments by providing a £1.8m Sales Period Loan....

Comment: Debt levels soar for UK businesses

Figures from EY have shed light on soaring debt levels for UK businesses as a result of the pandemic, with businesses on course to have borrowed £61bn by the...

Comment: Boohoo’s Dorothy Perkins purchase – Are e-commerce giants buying out the high street?

Today’s news of Boohoo acquiring Dorothy Perkins and Burtons, the final sale and piece of the puzzle of the Arcadia Group, serves as a warning towards...

At least three in 10 SMEs will be forced to shut if lockdown is extended

With the third national lockdown already involving an extension until March 8, new research from Nucleus Commercial Finance today reveals that at least three...

Britain’s superstar exporters to ignite the next generation of top international exporters

Britain’s superstar exporters could pave the way for their intermittent counterparts and help add an estimated £4.4 billion to UK exports per year,...

Construction and building firms must be prepared for major VAT change

Construction and building firms, including labour only sub-contractors, must be prepared for a major change to the way VAT is accounted for in their sector...

Together refreshes its commercial and personal finance ranges

Together has lowered rates on its specialist mortgages and bridging loans in a refresh of its product range. The lender has repriced its five-year fixed-rate...

‘Zombie’ stores will plague High Streets for months, warns ParcelHero

‘Zombie’ stores – whose name and online business have been taken over but whose physical stores remain half-alive while stocks are cleared – could...

Banking expert is latest director to join Begbies Traynor Group’s advisory team

Experienced banking specialist Martyn Shakespear is joining Begbies Traynor Group as the leading specialist professional services provider builds its advisory...

How Many Insolvencies Will 2021 Bring?

New data from Euler Hermes insurers confirms predictions that 2021 is likely to bring a flood of corporate insolvencies throughout the world’s largest...

United Trust Bank targets larger Asset Finance transactions with new Credit appointment

United Trust Bank (UTB) has appointed Oliver Hobday as Underwriter in its Asset Finance Credit team in preparation of further business growth in 2021....

FSB in Scotland on lockdown extension

Scotland’s stay-at-home lockdown will continue for another month, Ministers have announced. However, the First Minister has stated that primary schools and...

New partner appointed at Warwickshire accountancy firm

A leading regional accountancy firm has bolstered its leadership team with the appointment of a new partner to support the development of its corporate...

Fraudsters continue to use pandemic to steal money and information from the public

Cifas, the UK’s leading fraud prevention service, is highlighting the latest coronavirus scams from the past week, and warning the public to stay vigilant of...

What happened to the ‘free trade agreement’? The Government must sort out online sales from the EU

Boris Johnson claimed he had secured a ‘cakeist’ Brexit deal, meaning Britain can have its cake and eat it. But the leading international delivery...

New India Country Report from Atradius

India’s economy is forecast to rebound this year despite a sharp slowdown of economic growth in 2020, reports trade credit insurer Atradius. The India...

The Return of Repossessions is Unlikely to Affect Values Significantly

The Financial Conduct Authority (FCA) has published updated final guidance, confirming an initial proposal, that as a last resort, consumer credit lenders...

West One Loans’ Buy-to-let launches with Sesame Bankhall Group

West One Loans’ buy-to-let division has announced its latest distribution partnership as it continues to roll-out growth plans for 2021, through Sesame...

Impact Specialist Finance and UTB combine to produce the first Fast-Track 24-hour bridging offer

Impact Specialist Finance, the specialist mortgage broker and distributor, has received a full bridging mortgage offer from United Trust Bank (UTB) within 24...

Data Protection Day: Expert tips on how to protect your business

In the last 12 months, four out of five companies in the UK have suffered breaches. One small business is hacked successfully every 19 seconds in the UK....

Extrovert-run businesses almost 40% more likely to be growing than introvert-run ones

A new report of over 1,000 small business owners and decision makers by Hitachi Capital Business Finance has found that extrovert-run businesses are more...

Contract award values reach £57 billion for 2020 – a 5% fall on 2019

The value of all construction contract awards in 2020 was £57.0 billion. Despite the challenges 2020 brought, this represents a slight decrease of 4.7% on...

Together promotes Sundeep Patel to director in intermediary sales team shake-up

Together’s Sundeep Patel is stepping up to become the specialist lender’s new director of sales as part of a restructure of its intermediary team. Sundeep,...

Fiduciam extends its commitment to TVR with CBILS loan

Fiduciam is extending its relationship with car manufacturer TVR through a further three-year £2 million loan, under the Coronavirus Business Interruption...

Institute of Export return furlough scheme money

The Institute for Export & International Trade, the professional membership body representing and supporting the interests of importers and exporters, is...

Specialist finance company Together completes £500m bond offer

Together, one of the UK’s specialist lenders, has announced the issuance of £500m in six-year bonds at a coupon of 5.25 per cent. The finance company...

Latam most impacted emerging market by coronavirus: Atradius report

Latin America and the Caribbean, Latam, has been the most affected emerging market in the Covid-19 pandemic, report economists from trade credit insurer...

2020 was the worst year ever for retailers but online sales soared 46.1%

The latest ONS retail figures reveal 2020 was the worst year on record for retail, but a huge success for online sales. ParcelHero says December’s figures...

Brexit uncertainty has fueled a new wave of scams

A fraudster’s perfect storm has broken in the UK. When the country voted in favour of Brexit in June 2016 it signalled the start of a long, painstaking...

Funding Xchange and Enterprise Nation launch Business Finance Hub to support businesses struggling to secure finance

Funding Xchange (FXE), the finance platform powering MoneySuperMarket’s business funding channel, and the UK’s fastest growing business support provider,...

Together increases use of digital valuations across its personal finance product range

Together has updated its criteria to allow more automatic property valuations in a move designed to reduce costs and speed up mortgage applications. The...

Manufacturers outperform other sector, amid better growth expectations for 2021

Manufacturers helped push the UK’s economic recovery ahead of the global benchmark in December, according to the latest Lloyds Bank UK Recovery Tracker. The...

United Trust Bank funds £11m redevelopment in a stunning beachside location

United Trust Bank (UTB) has agreed to fund a development of 14 luxury two and three bedroom apartments and ground floor commercial space being undertaken by...

Care home finance remains in the spotlight despite Government support

While new admissions to care homes are beginning to return to pre-lockdown levels, they likely remain sensitive to further restrictions while COVID-19 is...

JPIN VCATS invests £700k leading a £2 million raise for fintech front runner CreditEnable, an AI-driven SME credit marketplace

JPIN Venture Catalysts Ltd (JPIN VCATS) today announces a lead £700k investment into CreditEnable’s pre-series A round. CreditEnable is an AI-driven SME...

Nucleus Commercial Finance secures £200m in new funding to support SMEs in 2021

Nucleus Commercial Finance, the award-winning fintech lender, today announces a new £200 million funding line from two leading global investment management...

Together appoints new account manager for the North

Specialist lender Together has hired a highly-experienced industry professional as a regional account manager for the North. James Briggs, who has worked in...

Permanent TSB partners with Experian’s categorisation service to deliver enhanced customer lending journeys

Irish personal finance provider Permanent TSB has signed up to use Experian’s banking categorisation technology to improve its customer lending journeys....

SFP launches Guide to Business Survival to support small businesses

SFP, the restructuring and turnaround group, has published a new free Guide to Business Survival with easy to follow practical steps which includes a number of...

The 30 most shocking retail fails of 2020 – who will be next?

The home delivery expert ParcelHero says that 2020 was the worst year on record for High Street retailers, with many of Britain’s favourite stores collapsing...

Data shows cautious optimism for 2021 but EU deal ‘gaps’ are a concern says RSM

Today RSM’s Financial Conditions Index indicated signs of cautious optimism emerging for the year ahead. But whilst the Trade and Cooperation Agreement with...

54% of brokers undershot their 2020 targets but 44% describe their outlook for 2021 as ‘exciting’

More than half (54%) of brokers and intermediaries responding to the United Trust Bank (UTB) end of year broker sentiment poll indicated that they had...

SFP completes sale of A2B Plastics and secures jobs

Nationwide insolvency practitioner SFP has successfully completed the sale of Conwy-based manufacturing and injection moulding business, A2B Plastics Limited,...

New restrictions underline need for swift support

The First Minister has this afternoon outlined further tightening of lockdown restrictions in Scotland – including preventing customers from going inside to...

Asset finance market fell by 10% in November 2020

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

Eight in 10 small businesses start 2021 with resolutions to get in shape for the year ahead

After a challenging 12-months, small businesses resilience has not wavered as we start a New Year. Nationally, 83% of small firms say they have a fresh set of...

67% of homebuyers want to see the stamp duty holiday extended while half are worried they’ll miss the current deadline

Research by the world’s leading high-net-worth mortgage broker, Enness Global, has revealed to just what extent the current stamp duty holiday in its...

Rebrand and expansion hails new chapter for PKF Geoffrey Martin

It’s been 40 years since Geoffrey Martin founded the firm that took his name, and now the Leeds and London based restructuring practice is marking a new...

Brexit could cost UK exporters £25bn as full Covid recovery pushed back to 2023

The UK’s exporters could face a Brexit bill worth as much as £25bn in lost revenues in 2021, according to a new report by Euler Hermes. New research from...

Scottish business optimism plunged pre-lockdown

Scottish business confidence crashed in the final days of 2020, according to research from the Federation of Small Businesses (FSB). The small business...

Britain’s SMEs prepare themselves for a life post the EU

With the UK now officially separated from the European Union, new research from Nucleus Commercial Finance has found that the UK’s SMEs are worried about...

Tower Street Finance partners with Bridging.com

Bridging.com has appointed Tower Street Finance as its first strategic lending partner to provide short-term products that enable quick and easy access to...

Accountancy firm’s shock at lack of support from Government for self-employed

A leading regional accountancy firm has expressed its shock at the lack of support for self-employed people in the latest Coronavirus business support package....

Together remains “open for business” during third lockdown

Specialist lender Together has confirmed its plans to continue lending despite tougher restrictions as the UK enters national lockdown. England was been...

Bulgaria Country Report published by Atradius

Trade credit insurer Atradius has published its latest trading insight report on Bulgaria. The Bulgaria Country Report follows on from recent Atradius reports...

Latest lockdown help for businesses welcome but support for those excluded more pressing than ever

The Money Advice Trust, the charity that runs Business Debtline, has welcomed the Chancellor’s new lockdown grants for businesses in the retail, hospitality...

FSB in Scotland welcomes cash injection

Chancellor Rishi Sunak has announced a new package of coronavirus grant support for businesses in England, with associated consequentials for the Scottish...

Nucleus Commercial Finance aims to lend £200 million to SMEs through CBILS

Nucleus Commercial Finance, one of the UK’s leading fintech lenders, aims to lend £200 million to SMEs through the Coronavirus Business Interruption Loan...

£1 million facility provides fresh funding for Yorkshire food wholesaler

Tuber Produce, an independent fresh food wholesaler, has renewed its funding facility worth £1m from Bibby Financial Services (BFS) for a further 18 months,...

Help for Scottish business can no longer be a dollar short and a day late

First Minister Nicola Sturgeon has announced a strict new lockdown for the Scottish mainland. The Federation of Small Businesses (FSB) urged Ministers to...

UK trade credit insurance scheme extended until 30th June 2021

The UK Government has agreed with leading trade credit insurers to extend the Trade Credit Reinsurance Scheme until June 2021. The objective of the 2021 scheme...

Government extends shield to sustain UK trade

The UK government, the Association of British Insurers (ABI), Euler Hermes – the world’s leading trade credit insurer – and other underwriters have...

BExA – UK Export Finance Annual Benchmarking Report 2020

The British Exporters Association (BExA) today launches its 11th annual benchmarking of UK Export Finance (UKEF). The report, titled ‘Exporting in the new...

Free trade deal bodes well for business confidence

Commenting on the post-Brexit free trade deal agreed with the EU, Stephen Haddrill, Director General of the FLA said: “As always in trade talks, the devil is...

MarketFinance lends £342m, end of term report shows trends and insights

More loans, larger businesses and a regional shift – these are some of the trends and insights that fintech business lender MarketFinance observed during...

Bibby Financial Services announces new senior team to drive growth strategy

International SME financier, Bibby Financial Services (BFS), has announced three new senior hires to drive forward its global growth strategy in 2021 and...

Landbay’s Paul Brett to chair FIBA conference panel

Paul Brett, managing director of intermediaries at Landbay, is to be the panel chair at FIBA’s Annual Conference and Expo, taking place on the 20th January....

FSB: Holyrood must prioritise small business recovery

The next intake of MSPs must deliver new laws designed to help Scotland’s local and independent firms recover from this year’s crisis, according to the...

Duff & Phelps Launches New Interim Executive Solutions Service

Duff & Phelps has announced the launch of its Interim Executive Solutions offering. The new service draws upon the firm’s well-established network of...

Three in five bosses admit the pandemic has positively impacted workforce productivity

Three in five bosses (60%) say that the pandemic has unexpectedly impacted the productivity of their workforce in a positive way, according to new research...

SMEs fire Trump and Angela Merkel comes out as most supportive leader during pandemic

CapitalBox, the leading online pan-European SME funding platform, today launches a survey into SMEs sentiment towards world leaders and the support they have...

Consumers to give small businesses a lift in support of Covid-19

New research from Nucleus Commercial Finance found that an overwhelming majority (96%) of consumers not only support their local independent businesses, but...

FSB: Ministers see light on business support

The Scottish Government’s Cabinet Secretary for Finance Kate Forbes MSP has announced a variety of new funds to support firms through the coronavirus...

Bloom Community Interest Company seeks Crowdfunding

Bloom Finance Group Community Interest Company (“Bloom Finance Group”) is a mission led Community Interest Company created to contribute positively to...

Leasing industry continues to adapt as it prepares for the ‘Next Normal’

The vehicle leasing industry is braced for yet more challenges as the most turbulent year imaginable comes to an end. The BVRLA’s latest Leasing Outlook...

FSB: 12 days to save smaller firms’ Christmas

People in Scotland now have 12 days to save local businesses’ Christmas, according to the Federation of Small Businesses (FSB). With news that covid...

Business Booster Fund to kickstart 2021

Fintech business lender MarketFinance has launched a Business Booster Fund that will make grants of £5,000 available to UK small businesses. The initiative...

Stockport finance firm gives £10k to feed families this Christmas

A Cheadle-based business has made a £10,000 donation to Stockport County FC’s charity campaign to provide meals for youngsters over the festive period. Marc...

Barburrito secures future saving restaurants and jobs with sale to co-founders

RSM Restructuring Advisory LLP has helped Barburrito, Mexican eatery, with a successful Administration sale securing new investment in the business. Barburrito...

Asset finance market fell by 14% in October 2020

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

6 out of 10 Growth Businesses to fail in 2021 unless Government Policy changes

The Enterprise Investment Scheme Association (EISA), responsible for liaising with the Government on behalf of members investing in early stage growth...

SMEs hold out hope for Christmas shoppers

Shopping with small and local businesses has never been more important with almost one third (31%) of the UK’s SMEs relying on the Christmas period to help...

Entrepreneur Seeks To Reform The British Business Bank (Petition Launched)

High Street banks are not opening new business accounts. Entrepreneur and Co-founder of MachFast, Michael Rossman, has launched a government petition and an...

United Trust Bank wins ‘Development Lender of the Year’ at the NACFB Awards 2020

United Trust Bank has been named ‘Development Lender of the Year’ at the National Association of Commercial Finance Brokers (NACFB) Awards 2020. This...

New London and South East regional manager at Atradius

Trade credit insurer Atradius has appointed Damien Dawson as its new Regional Manager for London and the South East. Mr Dawson joins Atradius with more than 33...

Christmas retail footfall will fall 50% despite 24-hour shopping, says ParcelHero

The High Street’s ‘Welcome-Back Wednesday’ will do little to ease the surge in online shopping, forecasts the home delivery expert ParcelHero. It says...

Trade Ledger platform selected by Bibby Financial Services to drive funding automation

Trade Ledger, the global technology provider to the commercial banking and financial services industry, today announced that Bibby Financial Services (BFS), a...

Comment from Nucleus Commercial Finance – changes to Crown Preference

Commenting on the re-introduction of Crown Preference, Ian Bath, Corporate Sales Director, Nucleus Commercial Finance, said: “Although the re-introduction of...

Money and Pensions Service comment on Arcadia administration

Following the news of Arcadia going into administration, please find a comment from MaPS on steps staff should take to manage their finances and prepare for...

Let’s keep building – Fiduciam supports housebuilders with CBILS

Over the last month Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has completed over £22 million of loans to housebuilders...

SMEs fear for their future as savings are hit hard

Nucleus Commercial Finance has today revealed that a quarter (23%) of SMEs in the UK had little or no savings before the pandemic hit earlier this year,...

Small Businesses turning to finance as confidence starts to return

Following a concentrated period of uncertainty, new research from Hitachi Capital Business Finance found a significant proportion of small businesses are...

More businesses likely to apply for government-backed loans as funds run low and economic emergency set to bite

The Chancellor of the Exchequer, Rishi Sunak, detailed the onset of the economic emergency facing the UK at last week’s spending review. This comes at a time...

Business volumes ‘show no signs of slowing’, says SDL Surveying

National residential surveying and valuations firm, SDL Surveying, has today announced that, despite increased lockdown measures, the level of business volume...

Comment – Hope Capital comment on property sales stats from HMRC

Commenting on property transaction figures from HMRC published today, Jonathan Sealey, CEO, of specialist lender Hope Capital said: “With property sales in...

United Trust Bank appoints new Senior Manager for Property Development

United Trust Bank (UTB) is continuing to expand its Development Finance Division with the appointment of a new Senior Manager supporting housebuilders and...

Ahead of the Spending Review – Azets urges the Chancellor to take 5 practical steps that will support business and help deliver growth across the regions.

Ahead of the Spending Review, Azets, the UK’s largest regional accountancy and business advisor to SMEs, urges the Chancellor to take 5 practical steps...

Online sales boomed over 60% in October to lead the retail fightback

October’s retail sales estimates, released today by the Office for National Statistics (ONS), reveal sales volumes soared by 5.8% YOY, up 1.2% from...

Slight drop in value of contract awards in October but activity remains strong

The total value of construction contract awards in October 2020 was £4.9 billion based on a three-month rolling average. This is a decrease of 9.4% on...

Recovery Tracker Survey Shows Further Deterioration in Economic Activity

The results of Greater Manchester Chamber of Commerce’s seventh GM COVID-19 Recovery Tracker show a further deterioration in economic activity. The recent...

ESL powers up new contract with working capital plug from Reward Finance Group.

Renewable energy consultancy, Electek Solutions Limited (ESL), is continuing its impressive growth with a short-term working capital injection from Reward...

Plain sailing: Together saves £3m seafront property deal with four-hour funding

Specialist lender Together rescued a £3million deal by providing a short-term loan in just four hours for an investor to buy an exclusive waterside property....

Credit Market Report September 2020 Shows Card Spend Rise Stalling

Global analytics software provider FICO today released its analysis of UK card trends for September 2020, which shows the continuing impact of COVID-19 on...

Fiduciam provides £1.18million loan to fund Cornish hotel beyond Covid

Fiduciam, the institutionally funded short-term lender to SMEs and entrepreneurs, has just completed a £1.18million loan to finance a popular hotel in...

Businesses are warned of a perfect storm brewing with Brexit looming and more stringent lockdown measures impacting on Christmas trading

Insolvency figures released last week by the Government’s Insolvency Service show a 42% reduction in the number of company insolvencies in October 2020,...

Five steps for SMEs to budget properly for the coming year

During the challenging times of COVID-19, it is difficult to forecast orders and costs. This is especially true for SMEs that operate internationally and...

Scotland: Changes will hit smallest traders hardest

The First Minister has this afternoon outlined a range of changes to local coronavirus levels in Scotland, with much of west central Scotland faced with the...

Comment – Small business Barclaycard Payments research

Today, research from Barclaycard Payments highlights two-thirds of small and medium sized enterprises in England felt more prepared for the current national...

Cedar Rose Receives Cyprus Export Services Award

Business intelligence provider Cedar Rose has been presented with the Cyprus Special Export Award for Services from the President of the Republic of Cyprus,...

RSM appoints new forensic partner

Audit, tax and consulting firm RSM has strengthened its forensic practice by appointing a new forensic partner in its London office. Flip Stander joins RSM...

Harley Kagan to be appointed Chief Executive Officer of United Trust Bank

Harley Kagan, currently Group Managing Director of United Trust Bank (UTB), is to become the Chief Executive Officer (CEO) of the Bank from January 2021. The...

Landbay agrees major funding deal with Asset Manager

Landbay, a leading buy-to-let lending platform, has closed an additional funding deal with a leading asset manager. The asset manager aims to fund in excess of...

Together Financial Services Limited – Q1 Results

Together Financial Services Limited (‘Together’ or ‘the Group’), one of the UK’s leading specialist mortgage and secured loan providers, announces...

Landbay joins CFB UK network

Landbay, one of the UK’s leading buy-to-let lenders, has joined the network panel of Commercial Finance Brokers UK (CFBUK). CFBUK is a whole of market...

Optimum Finance bolsters its offering in three regions with two new sales directors and commercial director promotion

Leading invoice finance provider and fintech firm Optimum Finance has appointed two regional sales directors to fulfil the funding needs of SMEs across three...

A great match: Stockport County and Together strike sponsorship deal

Cheadle-based specialist lender Together has made its first signing of a UK football club by becoming an official partner of Stockport County. The move brings...

This trend will undoubtedly follow again in October and November – Comment on the ONS GDP figures for September

Following the GDP figures from the ONS this morning, Richard Pike, sales and marketing director at Phoebus Software, responding to today’s figures from the...

Specialist lender Together partners with Nivo to launch its new app

Commercial loan customers now have access to quicker lending decisions with secure messaging through Together’s new mobile phone app. The specialist lender...

MarketFinance makes senior appointments following £10m grant award

Fintech business lender MarketFinance has appointed The Rt Hon. Baroness Susan Kramer and entrepreneur Shalini Khemka to the MarketFinance Grant Supervisory...

Wedding dreams on safe ground thanks to Fiduciam’s expansion throughout Northern Ireland

Fiduciam is growing its operations in Northern Ireland with the granting of a Coronavirus Business Interruption Loan Scheme (CBILS) loan to a wedding and...

Reward Finance Group provides £400k funding to dry sanitiser business to meet huge demand

Wolverhampton-based X-Mist, which has invented a dry sanitation process, is ramping up production to cater for the huge demand created by the COVID-19...

Mid-tier auto supplies manufacturers running on empty must act now, according to Duff & Phelps

Falling consumer demand, combined with supply chain and manufacturing disruption as a result of COVID-19, all mean considerable challenges lie ahead for the...

Small business relief mixed with frustration as toughest restrictions avoided

The First Minister has this afternoon outlined a range of changes to local coronavirus restrictions in Scotland. No mainland Scottish local authorities have...

Comment: Bounce Back Loan Scheme Top-Ups

“Thousands of businesses applied for the first Bounce Back Loan scheme, but there are lessons to be learnt if this time around is to be carried out more...

Furlough extension welcome but certainty needed ‘well beyond’ the short-term

The Money Advice Trust, the charity that runs National Debtline and Business Debtline, has welcomed the Chancellor’s extension of the furlough scheme until...

Jobs support welcome, but new help for local firms required

The Chancellor Rishi Sunak MP has this afternoon announced a range of measures designed to support UK businesses and workers as they face ongoing covid-related...

Government loses potential for £15bn economic boost and job creation

The Government must cut VAT on home improvement works to 5% to boost jobs and stimulate the economy. This is in response to the PMI data, published today,...

Home delivery returns to the Home Front for Christmas as online sales are set to soar by 54%

Thousands of non-essential stores have shuttered once again but couriers and retailers are continuing to deliver to the front door. ParcelHero says stores are...

BFS partners with The Funky Appliance Company to support growth

Independent SME funder, Bibby Financial Services (BFS), has provided a significant funding facility to The Funky Appliance Company, a young UK business based...

November lockdown – the three key elements to make sure your workforce stays safe and connected

With the introduction of a nationwide lockdown from Thursday 5th November 2020, independent UK IT vendor, Richmond Systems, has released top tips for effective...

Asset finance market fell by 11% in September 2020

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

Brexit takes a back seat for small firms due to COVID fears

As the Brexit transition period comes to an end, new research from Hitachi Capital Business Finance has found businesses were twice as likely to be concerned...

Christmas products supplier meets unprecedented demand for its trees, decorations and lights with help from Reward Finance Group

Christmas products company, Mail Order Online Ltd, is meeting unprecedented demand for its range of trees, decorations, and lights, with help from independent...

SenseCheck – a new peer to peer community to support B2B SME growth

Today sees the launch of SenseCheck, an online platform developed for B2B SMEs to support each other by giving and receiving anonymised, honest feedback on...

Quarter of business-owners believe conditions will get much worse

Scottish business confidence slumped over the last three months, after a modest recovery earlier this year, according to new figures from the Federation of...

Upgrading IT Could Save Businesses Over £100k Per Year in Lost Productivity

The debate continues whether remote working will continue when the UK is relieved from the effects of the pandemic. But one thing that is seeming almost set in...

Hometrack Index shows 50% more sales transacting than last year – industry reaction

The latest Hometrack UK cities index by Zoopla shows: UK house price growth hits two-and-a-half-year high High demand over the summer has created a sales...

FSB’s McRae: “Blueprint must loosen vice on economy”

The Scottish Parliament will this afternoon scrutinise the Scottish Government’s proposed strategic framework for managing the coronavirus crisis. Ahead of...

United Trust Bank refinances £34m luxury seafront development in Falmouth, Cornwall

United Trust Bank (UTB) has agreed to refinance a development of 53 luxury apartments being undertaken by multi-award winning housebuilders Acorn Property...

Online will overtake store spending for the first time this Christmas

The home delivery expert ParcelHero says that online sales are set to overtake spending in physical stores for the first time this Christmas as Brits brace for...

Treats added to the Seventies Collection this Halloween

Brokers can look forward to a real treat this Halloween as Hope Capital launches a special version of its Seventies Collection, with two revamped bridging loan...

Reward Finance Group continues to grow team in Manchester to meet demand

Independent finance provider, Reward Finance Group, has appointed David Baddiel as business development manager, in its Manchester office, to meet demand for...

Second wave beats Brexit as businesses’ top fear

Almost half of British businesses fear the impact of the second wave of Coronavirus (48%), more than they fear the impact of Brexit (24%), according to new...

ONS retail figures reveal it’s going to be a ‘digital Christmas’ right across the UK

ONS retail figures show retail’s fight-back continued in September, with significant online pre-ordering of new games consoles pointing the way to an online...

Employee benefits platform, comments on the Chancellor’s new business support measures

“This is welcome news for small firms that are allowed to stay open, but have seen trade dry up because of local restrictions, such as businesses in the...

Vantage Finance receives Feefo Gold Trusted Service Award 2020

Vantage Finance has won the Feefo Gold Trusted Service award, an independent seal of excellence that recognises businesses for delivering exceptional...

United Trust Bank provides funding for £7.6m new homes development near Milton Keynes

United Trust Bank (UTB) has agreed to fund a £7.6m development of new houses and bungalows close to Milton Keynes in Buckinghamshire. The development, in the...

Key industry report suggests lenders return to SME lending, but eyes are on Covid

The respected quarterly SME Lending Monitor, published by government appointed lending portal Funding Xchange, reports signs of ‘green shoots in Autumn’...

Why SMEs are key to success in the UK’s fight against climate change

The fight against climate change has always been a collective effort. But for small or medium-sized business, it can sometimes feel like you’re a small fish...

Enra Specialist Finance completes first securitisation with £268m portfolio

UK mortgage lender Enra Specialist Finance has announced today, Monday 19th October, that it has priced its first residential mortgage backed securities,...

Optimum Finance appoints fintech expert, Anthony Persse, as chief executive officer

Invoice finance provider, Optimum Finance, today announced that fintech expert, Anthony Persse, has taken up the role of chief executive officer, following the...

Resurgent small business confidence holds firm in countdown to Christmas

For the first time this year, small business confidence has held firm from one quarter to the next. The day after the Government announced its three-tier Covid...

Landbay joins Synergy network

Landbay, one of the UK’s leading buy-to-let lenders, has joined Synergy Commercial Finance’s network panel. Landbay was already on Synergy’s packager...

Europcar brings flexibility to business fleets with 3month+ lease product

Europcar Mobility Group UK are pleased to announce the introduction of their business focused Flex+ product to broker members of the Leasing Broker Federation....

United Trust Bank appoints Nathan Mollett as new Head of Asset Finance

United Trust Bank (UTB) has appointed Nathan Mollett as the Bank’s new Head of Asset Finance. Nathan joins UTB from Metro Bank where he has been Director of...

South West interiors specialist secures £1 million funding

SME funder, Bibby Financial Services (BFS) has provided a £1.1 million funding line to LWS Interior Solutions and South West Kitchens, part of the LWS Group....

Record month of applications and exchanges for Just Mortgages

Just Mortgages has achieved its best ever month for both applications and exchanges in September. There were 1,750 applications and 1,500 exchanges last month...

Fiduciam receives £430 million of CBILS loan requests to date and expects a further £200 million

Fiduciam, the institutionally funded short-term lender, expects to receive at least another £200 million of requests for Coronavirus Business Interruption...

SAGE documents reveal non-essential stores have a ‘very minimal impact on R values’

New documents released by SAGE, the Government’s scientific advisory group for emergencies, reveal the closure of non-essential stores has ‘very minimal...

Venio launches operations in Mexico in support of its

Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today...

Reward Finance Group marks 10th anniversary with record deal

Alternative finance provider, Reward Finance Group, has delivered a record £3.45 million deal as it celebrates its tenth birthday. The Business Finance deal,...

Landbay partners with Primis Mortgage Network

Landbay, one of the UK’s leading specialist buy-to-let lenders, today announces its partnership with Primis Mortgage Network, one of the largest mortgage and...

Asset finance market fell by 18% in August 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 appoints new business development director to bolster property-finance proposition

Nucleus Commercial Finance today announces the appointment of Andy Bird as Business Development Director of Property Finance. Andy brings with him 30 years’...

Automotive brands leading the way

As the nation reflects on over six months of forced business closures and near financial ruin, the automotive industry is one of many that continues to provide...

Small business owners prioritise health and wellbeing

Motivating staff and maintaining a happy workforce is now a top priority for more than one in two small business owners (55%) – rising to 60% among younger...

New Covid ‘red alert’ plans: couriers prepare once more for the front door to become the front line

At the height of the coronavirus national lockdown in March, the Government prioritised delivery drivers as key workers. Under the Government’s new...

Comment: Bounce back loans – Taxpayers may lose up to £26 billion

“In the rush to contain COVID disruption, public and private sector organisations implemented measures, at pace, to protect the economy. Expediency may...

‘Scottish Government must set out second wave help package’

The Federation of Small Businesses (FSB) in Scotland has written to First Minister Nicola Sturgeon urging the Scottish Government to outline the support it...

SMEs stand tall in face of pandemic, with over half adapting to survive

As the fear of a second wave of Covid-19 increases, SMEs are demonstrating their resilience, as research from Nucleus Commercial Finance reveals nearly three...

Sunk revenue: SMEs lose £2.2bn as customers fall into administration during lockdown

SMEs across the UK are counting the cost of the lockdown as they prepare for a testing final quarter of 2020. Risktech business Nimbla, surveyed1 2,000 UK SMEs...

SMEs stand tall in face of pandemic, with over half adapting to survive

As the fear of a second wave of Covid-19 increases, SMEs are demonstrating their resilience, as research from Nucleus Commercial Finance reveals nearly three...

Together and F4B complete a commercial loan in just four hours

Together has praised its specialist distributer partner First 4 Bridging (F4B) for its expert packaging of a commercial mortgage application – allowing...

Conveyancing Association urges all member firms to endorse HBSG buying and selling pledges

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today urged all its member firms to endorse a series of home...

More than 1 in 4 (26%) of UK consumers not confident about their finances post Covid19, says CISI

Following the stresses and strains of the Covid-19 pandemic, 26% of UK consumers say they are not confident about their financial situation, according to a...

FSB welcomes jobs help, but argues more support is required

Chancellor Rishi Sunak has today announced a range of measures designed to support employment as UK businesses grapple with a range of new trading restrictions...

October ‘circuit breaker’ second lockdown will turn the lights out permanently on extra 5,000 stores

20,000 stores are already expected to fail this year – and a second major lockdown would claim a further 5,000 shops, warns the home delivery expert...

UK e-commerce businesses report revenue spikes in excess of 15% since the coronavirus lockdown

UK e-commerce companies have seen significant growth, both in revenues and repeat orders since lockdown. Firms report average annual revenue increases of more...

MarketFinance awarded £10m grant

Fintech business lender MarketFinance has been awarded a £10m grant from the Capability and Innovation Fund (CIF), announced today by Banking Competition...

Lockdown tech trends here to stay

Six months on from the official government lockdown, Robert McKechnie, Open Banking Expert at Equifax UK, believes technology and digital transformation will...

FSB: Second wave covid business support required

First Minister Nicola Sturgeon this afternoon outlined new measures designed to combat the coronavirus pandemic, including restrictions upon hospitality...

Nolan appointed new CICM Chair

Debbie Nolan FCICM(Grad) has succeeded Pete Whitmore FCICM as Chair of the CICM Executive Board of Trustees. She is joined in her new position by Phil Rice...

SMEs running on empty as CBILS deadline looms

Bounce Back loans, the most popular HM Treasury support measure, used by SMEs are running low, finds the latest insights from fintech business lender...

DIY fever prevents a second retail slump but it’s the High Street that really needs fixing up

Today’s ONS retail figures show the value of retail sales grew just 0.7% in August – in contrast to July’s 4.4%. The home delivery expert ParcelHero...

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 m