Bibby Financial Services expands global headquarters in Banbury

Independent financial services provider, Bibby Financial Services (BFS), has announced the expansion of its global headquarters in Banbury, North Oxfordshire,...

Less than a third of business payments were made on time in Q2

Research from Dun & Bradstreet reveals that UK businesses prompt payments deteriorated in in the three months to June (Q2). On average, less than a third...

Rates reforms will fail without modernisation drive

Scottish Government plans to introduce more frequent business rate revaluations will fail without a modernisation drive, according to the Federation of Small...

Bibby Financial Services announces new support for UK importers

Global financial services provider, Bibby Financial Services (BFS), has extended its Trade Finance proposition enabling UK importers to pay overseas suppliers...

Henry Howard Finance makes further senior appointments

Two new key appointments have been made at one of the UK’s leading independent funder, Henry Howard Finance to help support the independent funder’s...

Promotional Activity – Protecting the Benefits of Leasing

Personal Contract Hire (PCH) leasing has become big news in car retailing and in doing so is promoting the wider appeal of leasing with its wider benefits, not...

Ultimate Finance boosts senior team

Leading SME funding partner Ultimate Finance has appointed three senior sales professionals to further strengthen support for SMEs in London and the South...

Banking Circle tackles cashflow gap faced by online merchants

Banking Circle, the global scale financial utility, has launched Banking Circle Receivables Factoring giving Payment Services Providers (PSPs) and FinTechs...

Audit watchdog urged to strengthen corporate governance for large private companies

The Chartered Institute of Internal Auditors (Chartered IIA) has submitted its response to the Financial Reporting Council’s (FRC) consultation on The...

Company liquidations in the UK increased 23% in Q2 2018 compared to Q2 2017

Data released from Dun & Bradstreet reveals that year-on-year, the number of companies liquidated in the three months to June rose to 4,148 from 3,372 of...

Consumer finance new business up by 9% in July

New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business grew in July by 9%, compared with the same month...

Asset finance market up by 8% in July

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

Laurie Beagle completes two-year term of office

Laurie Beagle FCICM current Chair of the CICM Executive Board completes his two-year term of office this month. A member of the Chartered Institute of Credit...

UK economy faltering according to credit managers

Growing evidence that the UK economy may be on a downward spiral is suggested in the latest (Q2 2018) UK’s Credit Managers’ Index (CMI) which has hit a...

Investing in loans to SMEs may be less risky to investors than high yield corporate bonds

The low rates of losses on loans to UK SMEs means they have proven to be far less risky to investors than high yield corporate bonds, shows a new study by...

UK Finance: Q2 2018 sees further increase in businesses using asset-based lending

UK Finance has published its Invoice Finance and Asset Based Lending Update for the second quarter of 2018. Key data highlights: Client numbers reached 40,333,...

Revolutionary Small Business Lending Solution is Launching Today!

Today, Lithuania-based startup Debitum Network launches an innovative global finance platform aimed at tackling the worldwide shortage of funding for small...

Henry Howard Finance Appoints New Group Chief Financial Officer

Henry Howard Finance Group has announced a new Group Chief Financial Officer to support the independent funder’s continued growth. Mark Tweed, FCA, from...

Structured loan from Reward Finance enables entrepreneur to buy children’s nursery

The Go Wild Bury Private Day Nursery & Creche is now operating under new ownership and management following its acquisition by Pourya Kaveh from Elaine...

Assetz Capital names industry heavyweight as new chief risk officer

Peer-to-peer business lender, Assetz Capital, is bolstering its senior team with the appointment of Chris Macklin as chief risk officer. With over 35 years of...

Corporate insolvency and corporate governance reforms: long-awaited government announcement offers opportunity for improvement

Commenting on the announcement from the Department for Business, Energy, and Industrial Strategy on corporate governance and corporate insolvency framework...

Alternative Finance to Revolutionize Small Business Borrowing

Launching in Septembe, Debitum Network is a global ecosystem that connects small businesses to international investors and sets new standards for alternative...

Construction work is on the up but still underperforming

The value of new construction contracts in July reached £4.6 billion, a 6.5 per cent increase compared to June and the first month to see growth since March....

Proportion of small businesses fearing collapse doubles in three months

The number of small businesses predicting growth for the next three months has hit its lowest level for more than a year – and the amount predicting they...

A Productivity Drive can Help & Be Helped by Leasing

Today, a productivity shortfall is stifling UK growth, especially for exports, in what are highly benevolent market conditions. “Increasing use of leasing...

Court ruling set to impact construction disputes involving companies in liquidation

A new court judgement will have a major impact on disputes involving companies in liquidation, says leading construction consultancy MPG. The decision in the...

Court ruling set to impact construction disputes involving companies in liquidation

A new court judgement will have a major impact on disputes involving companies in liquidation, says leading construction consultancy MPG. The decision in the...

Shawbrook Bank provide QML Holdings with a £6.2 million funding line to finance two key acquisitions

Shawbrook Bank has provided fast-growing engineering group QML Holdings with a £6.2 million funding line to finance two key acquisitions. The loan allowed...

Brexit concerns loom large, despite businesses doing all they can to prepare

Fears over Brexit appear to be increasing businesses’ perception of the risks in their supply chain, despite evidence suggesting many have taken steps to...

Tim Sweeney joins Corlytics as SVP in North America

Corlytics, the world leader in calculating and analysing regulation as a risk, has announced an addition to its executive team with the appointment of Tim...

ASTL quarterly results steady

Figures compiled by the ASTL’s auditors from its bridging lender members for Q2 2018 are slightly down on the exceptional figures for Q4 2017 and Q1 2018,...

BFS appoints new Commercial Director for Europe and Asia

Bibby Financial Services (BFS) has appointed Paul Stack as Commercial Director for Europe and Asia. Paul started his new role on 1 August and will oversee...

Summer late payment epidemic hits majority of UK’s small businesses

More than three in five small businesses (63%) are dealing with late payment issues – and the smallest businesses are those most at risk of dealing with...

Major revision of international standard for auditing management systems

BSI, the business standards company, has published the revised international standard for auditing management systems, BS EN ISO 19011:2018. The document...

Consumer finance up by 9% in June

New figures released today by the Finance & Leasing Association (FLA) show consumer finance new business grew in June by 9%, compared with the same month...

Modest fall in asset finance new business in June

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

Direct Line launches new insurance solution for financial services professionals

Direct Line for Business has announced the launch of a new end-to-end business insurance solution that enables owners of small and micro sized financial...

FSB praises jobs figures but calls for action to boost workforce skills

New official statistics published today show unemployment in Scotland fell by 0.1% between April and June to 4.2%. The Office for National Statistics (ONS)...

Fundsquire announce new UK Managing Director Rowan Gallagher

Alternative lenders Fundsquire have hired former GrantTree Managing Director Rowan Gallagher as their new UK Managing Director. Founded in 2016 in Australia...

SFP saves recruitment agency and all jobs

Nationwide insolvency practitioner, SFP, has completed a sale of the business and assets of Paterson Group, a recruitment business, saving the jobs of all 55...

SFP completes sale of CJ Holmes and Sons and safeguards all jobs

Nationwide insolvency practitioner, SFP, has completed a sale of the business and assets of CJ Holmes and Sons Limited to CJH Civils Limited preserving the...

Tungsten Network launches new digital purchase order delivery and acknowledgement service

Tungsten Network, the global business transaction network, has launched a new purchase order (PO) delivery and acknowledgement service for its 300,000 global...

Launch of Republic or Ireland CICM to be held at Croke Park

The formal launch of the new Republic of Ireland Branch of the Chartered Institute of Credit Management (CICM) will take place at Croke Park on 17th September....

Henry Howard Finance appoints new head of HR and compliance

Hot on the heels of exceptional half year results, Henry Howard Finance Group (HHF) has appointed a new head of HR and compliance to help support the...

Hilton-Baird Director appointed to CICM’s Executive Board

Hilton-Baird Collection Services’ Director, Victoria Herd, has been appointed to the Executive Board of Trustees at the Chartered Institute of Credit...

New loudspeaker manufacturer booms with £850k funding

Bibby Financial Services has provided an £850k funding facility to FYNE AUDIO, a new entrant into the high-end, loudspeaker audio market. The funding line...

Fiduciam completes £15m loan to refinance three care homes

Fiduciam, the bridging and marketplace lender, has completed its largest loan to date enabling a borrower to save their business worth circa £25m....

Sharp rise in company debt judgments

The number of debt decrees registered against Scottish businesses rose sharply during the first half of 2018, according to figures released today by Registry...

Barclays partners with leading fintech MarketInvoice

Barclays has today announced that it is partnering with leading fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal...

ICT sector braced for change

Economic research by top global trade credit insurer Atradius reveals major shifts in the landscape of the global ICT sector, driven by advancing technologies...

Gallagher expands national specialist trade credit & surety practice on back of strong growth

Gallagher has continued its strategic investment for growth across the national Trade Credit & Surety Practice, by bolstering its Manchester-based team...

IGF appoints ABL director & increases SME funding by 88%

Independent Growth Finance (IGF), a leading independent commercial finance provider, today announces the appointment of Neil Kindness as asset based lending...

Organic Baby Food Manufacturer Secures £1m in Funding

Manufacturer of organic baby food, Babease, has secured £1 million in funding from Bibby Financial Services (BFS) to fund the growth of the business following...

Foresight increases investment in Reward Finance to £50m

Reward Finance Group (“Reward Finance”) has received an additional £10m investment from Foresight Group LLP (“Foresight”), to help fulfil the growing...

Gallagher expands national specialist trade credit & surety practice on back of strong growth

Gallagher has continued its strategic investment for growth across the national Trade Credit & Surety Practice, by bolstering its Manchester-based team...

Treasury Select Committee report places household finances higher on the agenda

The Treasury Select Committee has today published the report of its inquiry into household finances. Joanna Elson OBE, chief executive of the Money Advice...

CICM launches new resource for knowledge and learning

The Chartered Institute of Credit Management (CICM) has launched the CICM Knowledge Hub, a new initiative to provide CICM members and subscribers with access...

Ultimate Finance reaches lending milestone

Leading SME funding partner, Ultimate Finance has announced it has reached a new lending milestone, as it makes available almost £200 million to small and...

Henry Howard Finance Group reveals exceptional half year figures

Independent lender Henry Howard Finance (HHF) has continued its record portfolio growth during the first half of 2018, reinforcing its position as a leading...

Industrial strategy is London centric, uneven and a political gimmick, say UK SMEs

Over half (56%) of UK SMEs believe that government investment is unevenly spread in favour of London, according to the latest SME Confidence Tracker from...

Grafton Merchanting ROI transforms financial reconciliation and cash allocation with Rimilia

Grafton Merchanting ROI Ltd, Ireland’s largest builders’ merchants and part of Grafton Group PLC, has implemented financial intelligent automation from...

New research published on supporting business customers in vulnerable circumstances

The Lending Standards Board (LSB) and the Money Advice Trust, the charity that runs Business Debtline, have today published a report that explores the impact...

FSB welcomes supply chain funding move

The Scottish Government today announced some changes to their Flexible Workforce Development Fund, including moves that will allow smaller businesses in big...

UK businesses show signs of distress as Brexit uncertainty continues, Creditsafe Watchdog Report finds

The number of failures of UK companies has risen 30.0% to 4,827 in the second quarter of the year, compared to the same period a year ago, according to the...

FSB: Boosting jobs while delivering growth should be national priority

Both Scotland’s employment and unemployment rate rose slightly between March and May 2018, according to new figures published today. Andrew McRae, the...

Confidence edges to two-year high since Brexit vote but fails to lift business investment plans

UK businesses are not increasing their recruitment and investment plans since the start of the year, despite confidence reaching a two-year high since the EU...

Barclays launches £100,000 unsecured lending, as new research shows the value of faster finance to SMEs

Barclays has launched £100,000 unsecured lending – doubling its maximum for unsecured business loans for small and medium-sized enterprises (SMEs) from...

Funding line helps recruitment firm reach hire ground

Bibby Financial Services (BFS) has provided a £1.4 million Recruitment Finance funding line to Pearson Anderson, an ambitious healthcare recruitment company....

BFS makes £220m available to UK SMEs in first half of 2018

Independent financial services provider Bibby Financial Services (BFS) has recorded a strong first half of the year, structuring 750 new funding agreements for...

Bibby Financial Services strengthen regional presence with new Yorkshire appointment

Bibby Financial Services (BFS) has appointed Lauren Maloney as a Business Development Manager (BDM) as it looks to create new business opportunities and...

Henry Howard Finance announces senior appointments

Henry Howard Finance Group has appointed joint heads of sales support as the independent funder’s growth continues apace. Nicola Evans, who joined the...

New book “Winning Big” will help businesses leave competition out in the cold when it comes to bids

Businesses looking to win big when it comes to RFPs and bids today have a new weapon in their arsenal as the CEO and co-founder of one of the UK’s top bid...

The Leasing Sector Needs to Become More Agile

The leasing sector needs to become more agile to meet the needs of an increasingly important and ‘entitled’ SME sector. This is the observation from...

OMS launches the first two-way DIP integration with Kent Reliance

One Mortgage System (OMS), the seamless single-input enquiry to completion processing platform for brokers, has become the first to fully integrate with Kent...

Henry Howard Finance announces senior appointments

Henry Howard Finance Group has appointed joint heads of sales support as the independent funder’s growth continues apace. Nicola Evans, who joined the...

Manufacturing sector remains subdued at end of second quarter

The performance of the UK manufacturing sector remained relatively subdued in June, especially when compared to the marked pace of growth seen before the turn...

Bike business on track for success thanks to a specialist business loan

A cycle shop owner is taking his business up a gear after a £227,000 cash injection from specialist lender Together. Jon Dean, who owns CycleStreet in...

FSB on growth figures and Scottish Government announcements

The Scottish economy grew by 0.2% during the first quarter of 2018, according to new official statistics. Stuart Mackinnon, FSB’s external affairs manager...

FSB report reveals Scottish business optimism highest since 2015

Scottish small business confidence is at its highest since 2015, according to new research from the Federation of Small Businesses (FSB). FSB’s Scottish...

Self-made sensations: 4.4 million Millennials are doing it for themselves

New research from online lender Sunny has found that 29 million* UK adults, (55%) have never had financial support from their family, debunking the idea that...

Who wins the 2018 Economic World Cup?

By Steen Jakobsen, Chief Economist and CIO at Saxo Bank “Some people think football is a matter of life and death. I assure you, it’s much more serious...

Aman Gill joins Bibby Financial Services as Head of Trade Services

Bibby Financial Services (BFS) has appointed Aman Gill as Head of Trade Services as it looks to offer additional support to small and medium sized enterprises...

New survey reveals that 30% of businesses don’t have a social media policy

A survey conducted by leading regional law firm Howes Percival has revealed that 30% of businesses surveyed did not have a social media policy –...

Insure-tech start-up Credable expands operations to cover buyers in 24 countries

Sweden’s SME exporters can now assess the credit worthiness of potential overseas business partners and protect their payments with them online in less than...

Reward Finance enjoys another record year

Reward Finance Group, the Leeds and Manchester-based alternative finance provider, has posted another record set of year-end figures, as it continues to expand...

Services back on track as overall credit picture remains mixed

The Services sector continues to show signs of improvement in business confidence according to the latest results (Q1 2018) from the UK’s Credit Managers’...

Young accountant vies for Staffordshire business award

A local firm of accountants is celebrating after one of the youngest members of its growing team was named as a finalist in the 2018 Staffordshire...

Fleet Mortgages announce new North East BDM

Fleet Mortgages, the buy-to-let and specialist lender, has today (7th June 2018) announced the appointment of a new Business Development Manager (BDM) covering...

UK consumer debt judgments rise for fifth year

The number of consumer debt judgments issued in the UK during the first quarter of the year rose for the fifth year in a row, according to figures released...

Reward Finance makes key appointment in the Leeds office

One of the region’s best known SME funders, Noel Haverly, has joined the Leeds office of Reward Finance as business development director. Noel brings an...

€25 million extension to invoice finance lending facility announced

Bibby Financial Services Ireland, a leading provider of financial support and funding solutions to Irish SMEs, are delighted to announce that the Strategic...

CoCredo’s MD Scoops Business Leader of the Year at the Buckinghamshire Business Awards

The team here at CoCredo were delighted to join our MD Dan Hancocks on stage at this year’s Buckinghamshire Business Awards to help him collect his award for...

Reward Finance demonstrates flexibility by settling IHT bill to return pubs to family.

Three of the east coast’s most famous pubs have returned to family ownership, following the death of popular local businessman Robert Tucker in December...

£20bn custom system would “dampen the ambitions and confidence of UK SMEs”

Regarding the news that the Brexiteers’ favoured technology-based custom system could cost UK businesses £20bn a year, Specialist Finance Director at BFS,...

All work and no play for UK’s Small businesses

Almost a quarter of small business owners in the UK (24%) took fewer than five days’ holiday over the last year with 15% taking no leave at all, according to...

British businesses have £680bn in hidden cash

British businesses have around £680 billion tied up in working capital, according to new research on more than 5,400 businesses from Lloyds Bank Commercial...

Subcontractors wary of working with large construction firms following Carillion collapse

Half of subcontractors working within the UK construction sector are wary of working with main contractors, following the collapse of Carillion, according to a...

New Collective Redundancy & Insolvency Guidance ‘Very Positive’ – R3

The Government’s proposed new guidance for consulting on collective redundancies in insolvency situations is ‘very positive’, says insolvency and...

Leading pharmaceutical wholesaler agrees £8m funding with Bibby Financial Services

Bibby Financial Services (BFS) has provided an £8 million asset-based lending facility to Veenak International Limited, one of the UK’s leading wholesalers...

CoCredo to launch the first Dual Report within the credit industry

Today CoCredo are launching their new Dual Report, which has been over a year in the making and is a brand-new concept to the credit industry. Prior to their...

Asset finance new business more than £3.3 billion in March

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

“Lenders have a responsibility to do more than just provide finance” says Just Loans

Alternative Finance provider Just Loans has welcomed yesterday’s commitment from the British Business Bank to provide financial advice to businesses that...

Accelerating Speed & Transparency in Leasing

“Leasing needs to develop a more transparent, customer centric approach as digitisation, regulation and changing customer approaches to finance reinvent, or...

Arrow Global Group PLC – Results for the three months ended 31 March 2018

Arrow Global Group PLC (the “Company” or the “Group”) , a leading European credit management services provider, focusing on loan purchases and...

New accountancy appointment to boost firm’s regional education team

Leading accountancy firm Moore Stephens has appointed a new partner to work with education clients, including independent schools and academies across the...

Self-employed and small business workers reveal insecurity over their personal financial future

The majority (79%) of British small business and self-employed workers admit to not saving enough for retirement, prioritising present business pursuits....

Newport finance house wins private equity and venture capital-backed business award

Henry Howard Finance (HHF), one of the UK’s largest independent finance houses, has been awarded the title of ‘Wales Large Company Management Team of the...

Euler Hermes to become fully part of the Allianz Group

Following the completion of the simplified tender offer opened from April 9 to April 20, 2018, Allianz reached 94.91 percent of the share capital and...

Forum of Private Business seeks assurances from Sainsbury’s over squeeze on small business supply chain

The Forum of Private Business (FPB) has called on Sainsbury’s to provide assurances to its supply chain, in response to news of a potential merger with Asda....

Asset finance market kicks off 2018 with new business growth

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

Protectionism might hamper global trade

More than 460 new protectionist measures were enacted throughout global economy in 2017, according to new research from leading trade credit insurer Euler...

SMEs raiding savings to keep business afloat, according to Hitachi Capital Business Finance

Two in five (39%) small business start-ups say they have raided personal savings to keep their business afloat in the past year, according to new research from...

CICM announces first candidates to attain Level 2 Credit Controller Apprenticeship

The Chartered Institute of Credit Management (CICM), Europe’s largest credit management membership body, has announced the first three candidates to...

Brian Chesky of Airbnb most disruptive global CEO

New research released today by Creditsafe, the global business intelligence experts, ranks the top 10 most disruptive chief executives, whose innovations are...

Forum of Private Business welcomes the Chancellor’s commitment to the elimination of late payments

The Forum of Private Business has welcomed the commitment from the Chancellor today to eliminate the scourge of late payments and improving productivity, but...

Experts Welcome Proposals For SME Disputes To Be Handled By Financial Ombudsman

New Financial Conduct Authority (FCA) proposals which would give more SMEs the opportunity to refer disputes related to financial services firms to the...