MarketFinance set to transform business lending industry

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

Scottish engineering specialist secures £750K funding line

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

ONS construction output – comment

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

BFS makes key trade finance appointment

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

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

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

New figures show 26 more Scottish businesses per day

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

Nucleus Commercial Finance makes changes to cash flow finance product

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

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

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

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

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

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

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

Asset finance new business grows by 5% in September

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

Atradius Releases Report On Eastern Europe

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

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

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

Liberis funding helps florist bloom

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

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

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

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

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

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

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

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

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

Joint call to make deposit scheme work for smaller firms

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

UK trade volumes fall but numbers of manufacturers exporting rises

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

Celebrating Christmas improves productivity for finance workers

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

UK trade volumes fall but number of manufacturers exporting rises

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

Housing development takes shape following £7million funding package

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

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

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

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

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

Jade McClellan joins Bibby Financial Services’ Trade Finance team

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

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

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

Institute of Export & International Trade Appoints New Director General

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

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

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

Fiduciam continues rapid expansion

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

Potential Brexit outcomes put the construction and manufacturing sectors at risk

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

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

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

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

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

Eskuta on the road to success – next stop: Europe

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

Atradius’ publishes South Africa trade report

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

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

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

Big rise in small businesses taking legal action on late payment

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

CPS welcomes new CBI figures on cost of renationalisation

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

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

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

Price Bailey makes four more senior-level promotions

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

Asset finance new business holds steady in August​

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

Fiduciam expands into Scotland

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

Providing SMEs with Flexibile replayment options in challenging times

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

Benchmarking launch

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

Report Busts Myth that Social Businesses are Slow-Growth Businesses

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

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

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

Ultimate Finance strengthens North West presence

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

The Fiducia Group launches New Corporate Finance Division

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

UK construction and MUS sector decline – Brexit commentary

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

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

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

Bibby Financial Services appoints Head of Operations for Construction Finance

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

Huntswood appoints Martin Dodd CEO

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

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

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

Businesses report that continued Brexit uncertainty is now having real impact

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

R3 responds to Transport Minister’s airline insolvency plans

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

Lloyds first UK bank to partner with blockchain trade finance platform

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

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

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

Bank of England forecast – Comments

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

Impact Specialist Finance goes on tour with Autumn Breakfast Broker Seminars

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Asset finance market grows by 8% in July

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

Bibby Financial Services appoints Theo Chatha as Chief Financial Officer

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

Over half of SMEs have business ambitions they cannot fund

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

Atradius Collections releases latest International Collections Handbook

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

Small business owners turn to their pets about work problems

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

Together helps customer to bridge the gap with 36 hour turnaround

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

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

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

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

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

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

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

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

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

David Fletcher Joins Credit Kudos as VP of Sales

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

Esker becomes new CICM corporate partner

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

CICM offers cautious welcome to new proposals to tackle late payment

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

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

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

1st Stop Group announces significant increases in funding facility

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

Sickness absence and presenteeism in small businesses

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

FSB comment on Scottish Affairs bank closures report

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

Veenak International plans for ambitious growth with additional funding

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

First 4 Bridging expands into second charge market

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

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

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

Asset finance market grows by 6% in June

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

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

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

Specialist lender Together appoints corporate relationship director in the North

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

Bright future for Egypt’s health tourism industry

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

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

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

Jersey expansion for CVR Global

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

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

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

Small business confidence on the rise after two year low

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

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

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

UK business owners admit their biggest regrets

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

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

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

Second charge repossessions fall in Q2 2019

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

Paragon Bank completes development finance migration onto Phoebus

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

Atradius welcomes Darren Power to its Northern Hub

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

8 Top Tips for Improving Your SME’s Cash Flow

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

Response to CBI SME Trends Survey

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

New Consultant Partner for Forums International

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

Lex Jones appointed chief executive of Registry Trust

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

Leading business advisory firm strengthens its presence in the UK

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

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

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

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

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

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

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

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

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

Increase in entry levels for industry technology awards at UKCCC

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

UK exports fall in the face of global trade tensions

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

Crystal and Together complete tasty deal with The Food Group

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

Rise in CCJs again businesses

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

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

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

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

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

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

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

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

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

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

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

Enforcement industry supports body worn video

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

TALL Group / AIB Bank Launch New Image Quality Tool…

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

Atradius welcomes Darren Power to the Atradius Northern Hub

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

Specialist lender Together hires corporate relationship director for the North West

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

Boost for Scottish business as decrees plummet

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

TransUnion Announces New Partnership With Leeds United

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

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

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

18 more businesses penalised for failing to pay suppliers on time

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

Specialist financial recruitment consultancy sees 44% rise in revenue

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

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

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

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

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

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

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

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

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

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

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

BFS provides funding line to Yorkshire automotive manufacturer

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

Indesser appoints Rhona Parry as CEO

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

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

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

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

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

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

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

£400k funding package for luxury fashion wholesaler

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

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

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

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

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

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

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

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

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

Tinubu appoints new Group Sales Director

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

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

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

Trade Ledger launches new cloud technology for Invoice Finance Providers

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

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

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

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

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

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

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

Bibby Financial Services appoints Global Head of Digital

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

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

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

Three quarters of financial services firms are family businesses

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

Scottish Small Business Confidence Springs Back

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

Asset finance market grows by 7% in April

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

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

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

The Big 4 predicament: Incompetence, obfuscation and sometimes fraud

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

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

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

UK employees are the least trustworthy, research shows

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

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

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

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

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

Arbuthnot Specialist Finance secures VAS Group for core valuation services

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

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

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

CICM highlights success of Code in changing payment behaviour

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

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

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

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

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

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

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

British Steel on verge of administration

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

Financial position of the corporate sector strengthened by strategic credit management

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

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

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

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

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

Atradius lifts the lid on North America

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

New help for exporters

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

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

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

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

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

Network infrastructure provider secures £1.5m funding line

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

Ultimate Finance prepares for next phase of growth

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

MotoNovo Finance and Aldermore Complete Integration

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

New appointment for Atradius’ Northern Hub

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

Duncan Swift becomes president of insolvency and restructuring trade body R3

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

Asset finance market grows by 11% in March

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

Target Group strengthens senior team with new Chief Commercial Officer

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

Liberis Finance helps Diva Pets achieve Number One status!

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

Scottish electrical manufacturer secures £1m funding line

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

ArchOver drives UK expansion in Hertfordshire & Bedfordshire

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

Atradius: Transparency is key to protecting retail supply chain

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

Touch Financial hires Richard Leader as new Head of Digital

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

Immigrant-led businesses’ £13 billion contribution to Scotland

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

Small business owners unable to sleep at night

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

New Efma digest uncovers the potential of SME ecosystems

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

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

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

Atradius reveals construction sector concerns

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

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

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

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

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

Low productivity jobs continue to drive employment growth

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

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

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

ABBYY introduces new mobile capture SDK to transform customer experience

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

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

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

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

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

OpenGenius marks National Stress Awareness Month

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

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

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

Q1 figures show continued growth for Stonebridge Group

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

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

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

Quilam closes Multi-Million pound leverage facility with NatWest

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

Fleet Mortgages announce new South West Business Development team

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

Perthshire business owner appointed as FSB’s Operations Director

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

Crystal Specialist Finance added to Fleet Mortgages’ specialist packager panel

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

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

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

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

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

Paradigm add Newbury Building Society to lender panel

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

FSB: Rates changes are an opportunity

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

Aspen Bridging launches market-leading Finish & Exit bridge

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

Asset finance market grows by 15% in February

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

Atradius publishes new global economic outlook

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

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

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

Putting the Innovation Cycle at the Heart of UK Business

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

Target Group reduces gender pay gap well below industry average

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

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

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

Gloucestershire Accountancy Apprenticeship Award News

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

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

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

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

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

Close Brothers wins two awards at Business Moneyfacts ceremony

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

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

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

Encouraging trust within the developing sharing economy

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

Scottish business confidence hits new low

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

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

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

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

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

New research – Investment in the UK set to rise

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

New task force created to address UK business cashflow issues

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

Assetz Capital launches Express Commercial Mortgage

Peer-to-peer lender Assetz Capital has launched an Express Commercial Mortgage product which targets a turnaround from initial enquiry to completion within six...

FSB on Which? bank branch closure figures

New research from Which? shows that Scotland has lost over a third of its bank branches in eight years. Stuart Mackinnon, external affairs manager for the FSB...

Atradius Announces Top 5 Promising Emerging Markets

Leading trade credit insurer Atradius has revealed its most promising emerging markets for 2019. Bulgaria, Indonesia, Vietnam, Peru and Morocco have been...

Equifax lends support to Great British Entrepreneurs

The NatWest Great British Entrepreneur Awards are delighted to announce a national partnership with Equifax. With one of the largest sources of detailed...

The Scourge of Late Payments Still Remains

‘Not enough companies take late payments seriously’. That was the message from insolvency and company rescue specialists Forbes Burton following last...

New programme reveals the vital role of credit management for SMEs

The Chartered Institute of Credit Management and ITN Productions Industry News launch “Credit Experts”, a news and current affairs-style programme...

Aspen Bridging increases maximum loan sizes up to £4m

Aspen Bridging has increased its maximum loan sizes up to £4m net for portfolios and £2m net on single properties with immediate effect. The decision –...

New platform helps SMEs manage their cash flow

A new online platform built by a team of ex Forbes FinTech 50 CTOs and CEOs promises to help start-ups and small businesses manage their biggest risk factor...

Nucleus Commercial Finance strengthens capabilities in the North West

Nucleus Commercial Finance has increased its presence in the North West, with two new appointments, enabling the business to further support SMEs in the region...

FSB: Procurement reforms yet to deliver for Scottish smaller firms

Scottish procurement reforms are failing to help smaller businesses win public contracts, a new report from the Federation of Small Businesses (FSB) has...

Invoice Finance creeps back to growth in 2018

Equiniti Riskfactor, the leading provider of risk management and fraud analytics software for the global commercial finance market, finds that invoice finance...

False insurance claims rise 27% across the UK in the past year

Today, Cifas, the UK’s leading fraud prevention service with over 450 members, has released new figures showing a marked increase in the number of...

SME work-life balance impacting personal relationships

Eighty per cent of business owners admit they worry their work-life balance is negatively impacting relationships with family and friends, research today...

Aspen’s service praised and loan sizes questioned in broker survey

As part of its service excellence programme, Aspen Bridging has undertaken its first broker survey which has praised the firm’s performance but questioned...

North West businesses raise over £3,000 for local charities

BFS’s Northern Sales Teams have raised £3,421.35 for local charities the Walton Centre NHS Foundation Trust and the Bobby Colleran Trust, as part of its...

Aspen Bridging releases service excellence targets

Aspen Bridging has made public its time-based service excellence targets, which shows that the company aims to take the majority of business from enquiry to...

Forum of Private Business issue Brexit plea to Chancellor following his dull Spring Statement

Leading business lobby group, the Forum of Private Business, is looking for the Government to recognise the role of business in the contribution it makes to...

Euler Hermes 2018 full year results: Highest earnings in 10 years boosting new strategic plan

Euler Hermes accomplished very strong results in 2018, with revenues rising 7% to €2,705 million and volume-driven growth spread across most regions....

Paul Fenner appointed to Head of Midlands Real Estate and Construction at BDO

Accountancy and business advisory firm BDO has appointed a new partner to lead its real estate and construction team in the Midlands. Paul Fenner has more than...

FSB applauds refreshing late payment announcement

Today Chancellor Philip Hammond delivered his Spring Statement. Andrew McRae, FSB’s Scotland policy chair, said: “This week’s bitter Brexit acrimony made...

Creative big data project launched

Entrepreneurs, business people and artists are backing a £1.3m project to boost business growth in the Sussex-to-London region. They packed the project’s...

Brexit & Budget: ‘Enough Dithering’

Following the Government’s defeat at the hands of MPs last night, and ahead of the Budget Statement today, Angus Dent, CEO, ArchOver, said:...

Commenting on yesterday’s defeat of the government’s revised Brexit deal

Commenting on yesterday’s defeat of the government’s revised Brexit deal, Rupert Thompson, Head of Research at Kingswood, said: “Yesterday’s defeat of...

Worker supply chain management for the 21st century

The ongoing Brexit debate has brought public awareness of the vital intricate supply chains that feed British industry to an all-time high. Supply chains are...

Cooper Parry Drives Growth with New London Workspace

After doubling in size over the last three years, fast-moving Cooper Parry continues to look at ways to build and grow their business. They are expanding into...

Small but mighty – UK small business community remains positive in face of uncertainty

The small business community’s youngest entrepreneurs (those aged under 35) are the driving force behind the sector’s optimism this spring. With just weeks...

R3 response to the Treasury Select Committee’s economic crime report

Commenting on the recent publication of the Treasury Select Committee’s report “Economic Crime – Anti-money laundering supervision and sanctions...

Asset finance market up by 9% in January

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9%...

UK listed companies warned they must document Brexit preparations to avoid lawsuits from investors, suppliers and customers

Mactavish, the leading expert on commercial insurance placement and disputes, is warning UK listed and private companies that they need to ensure their Brexit...

New report on how to respond to ‘No Deal’

Both the British Government and the European Union insist that they do not want a “no-deal” Brexit. Yet it remains a possibility – and one which must...

Revealed: 96% of accountants reject Theresa May’s Brexit deal

New research reveals that a huge majority of accountants reject Prime Minister Theresa May’s Brexit strategy. The survey conducted by Accountex, the UK’s...

Only 13% of businesses receive their agreed loan from the bank

British companies are facing a funding crisis because banks are not supporting the future of UK PLC. Businesses desperate for finance to support their growth...

MyPeople Group Launches New Employee Profiling Service

MyPeople Group, a leading provider of cloud-based employee performance management and engagement analytics solutions, has launched a new profiling service....

European Union and United States should agree on no tariffs on either food or cars

Trade representatives of the European Union and the United States are meeting today to discuss the scope of EU-US trade talks. The United States argues for an...

Expanding Accountancy Firm Brings in New Shareholder as it Gears Up for Further Growth

The entrepreneurial founder of Ross Boyd Ltd – which operates across the UK and Ireland – has announced a restructuring of the accountancy practice...

Quint raises £16.5m with NatWest for acquisition and refinance

North West headquartered Quint Group, a leading international, highly innovative fintech group operating in the consumer finance market, has secured a £16.5m...

Proactis secures £20 million funding from HSBC UK to tackle SME liquidity squeeze

Proactis has secured £20 million in funding from HSBC UK to bring to market new technology to tackle the liquidity squeeze felt by SMEs. The global e-commerce...

UK and Australia Partner to Build Global High Performing Teams

In a world first, Oxford-based Team Dynamics Global has partnered with leading Australian coaches and leadership experts to take its style of liberating...

Just Mortgages lending figures up 39% in 2018 to £2.5bn

Despite uncertainty in the market, both Just Mortgages’ employed and self-employed divisions have seen major growth over the past year, with lending figures...

Commenting on Persimmon’s profits and how housebuilders should be put under the spotlight

Commenting on Persimmon’s profits and how housebuilders should be put under the spotlight, Tom Brown, Managing Director of Real Estate at Ingenious,...

Most Brexiteers welcome foreign workers

According to analysis of the largest public European and international surveys of human beliefs and values, prejudice against immigrants in the UK is rare and...

Four in five Scottish smaller businesses contribute to local community

Four in five Scottish smaller businesses contribute to their local community or give to charity, according to new research from the Federation of Small...

Billhop collaborates with Visa to improve working capital for businesses

The collaboration with Visa will allow Billhop to expand across Europe, including markets such as France, Italy and Spain in the first half of 2019. Visa...

Euler Hermes named best Trade Credit Insurance Firm by TFG International

Euler Hermes is amongst the many organisations recognised and commended for their contribution to the trade sector at the 2019 International Trade Finance...

Delivering world-class sustainable buildings

With mounting public pressure and increasing legislation placed on businesses to reduce their carbon footprints commercial building operators are looking for...

UK businesses need support to ‘future-proof’ for success

Businesses across the UK are recognising the need to ‘future-proof’ by seeking support and advice to build their business resilience and guard against...

Scotland’s smaller firms plead for late payment action

Governments in Edinburgh and London need to deliver a new drive to stop big businesses paying their smaller suppliers unacceptably late, according to the...

British Business Investments commits £20m to ThinCats to provide more debt finance to UK businesses

ThinCats, the fintech lender for mid-sized SMEs, today welcomes a new £20 million funding commitment from British Business Investments, a commercial...

Impact Specialist Finance bolsters commercial finance team

Impact Specialist Finance, the specialist mortgage broker and distributor, has appointed ex-senior HSBC Corporate Relationship Director Clive Smith as a Senior...

Inksmoor expands sales team in the Midlands with new appointment.

Inksmoor Finance Group is pleased to announce further expansion of its sales force within the Midlands area with the promotion of Louise Grant to Corporate...

The Brexit Ship has Sailed: Most ‘Surface’ Imports and Exports will Now Arrive After Brexit, Warns ParcelHero

UK retailers and traders who source their products from China for resale in the UK/EU are now faced with the prospect of ordering products ‘blind’ –...

Businesses can now take full advantage of analytics

Today, FICO announced a community version of FICO Xpress Insight, a decision support application that enables data scientists to rapidly deploy any advanced...

UK’s largest commercial broker trade body launches finance platform

The National Association of Commercial Finance Brokers (NACFB) has launched an enhanced online portal, findsmefinance, offering UK businesses access to the...

Harry Potter inspires new attraction with help from Reward Finance Group

AN AWARD-WINNING holiday site is set to attract visitors from around the globe with its latest addition – a cottage inspired by a favourite character from...

Chirag Shah, CEO Nucleus Commercial Finance on BBB Small Business Finance Markets Report

In light of today’s report from The British Business Bank which indicates a further decrease in lending to small businesses, Nucleus Commercial Finance, CEO,...

Scottish smaller firms make case to MPs for immigration changes

Proposed changes to the UK’s immigration system don’t meet the needs of Scotland’s business community, the Federation of Small Businesses (FSB) will warn...

Nucleus Commercial Finance Secures £40 Million In New Funding From M&G Investments

Nucleus Commercial Finance and M&G Investments (M&G) today announce a £40 million funding line that will support more SMEs through asset-based lending...

Big firms set to feel the pain of the levy warns apprenticeship provider

Big firms will feel the pain of the Apprenticeship Levy this spring when the first wave of levy payments will be wiped from their accounts unless they have...

Technology Providers Need to be More Accessible to the SME Asset Finance Community

“We may be operating in an increasingly digital world, but too many asset finance businesses are falling short of embracing the true potential digitisation...

Forum of Private Business welcomes new Small Business Crown Representative

Leading business lobby group, the Forum of Private Business is welcoming Martin Traynor OBE, the newly appointed Small Business Crown Representative, with a...

Phoebus Software Limited wins new development finance lender client

Development finance lender, Business Lending Group (BLG), has gone live with the Phoebus system after signing a five‐year contract with Phoebus Software Ltd...

Everyday Loans Deploys MyPeople Platform To Achieve Business Success Through The Aggregation Of Marginal Gains

Everyday Loans, the leading branch-based provider of unsecured consumer loans, has deployed MyPeople’s new cloud-based employee performance management and...

Black mark for Brexit: New ‘UKCA’ CE-safety mark replacement will cost UK exporters £millions

A new UK safety mark designed to replace the EU’s ubiquitous CE mark following a no-deal Brexit will cost British manufacturers and exporters £millions in...

2019 Wellbeing City Award Finalists Announced

NewCities, together with partners Novartis Foundation, Novartis US Foundation, and the City of Montréal, today announced 16 finalist cities for the first...

Shawbrook Bank provides £2.2m to Glasgow based business specialising in supply chain management solutions

Shawbrook Bank has provided a Glasgow-based business offering supply chain management solutions for technology-driven companies internationally with £2.2...

FSB: Business trust eroded by budget concessions

This afternoon the Cabinet Secretary for Finance Derek Mackay announced changes to his draft budget to secure parliamentary support. He outlined a range of new...

Revealed: Accounting insiders weigh-in on the trends to watch for 2019

Every year thousands of accountants and finance professionals from around the UK flock to Accountex to discover the best new product innovations and the latest...

Ultimate Finance provides more than £1.4bn to UK SMEs in 2018

Leading SME funding provider, Ultimate Finance, has announced another record-breaking year, providing funds of more than £1.4bn to SMEs across the UK last...

Brexit linked downturn looms for SMEs as sales fall and costs rise

SMEs are at risk of a downturn, according to the latest SME Confidence Tracker from independent financial services provider, Bibby Financial Services (BFS)....

Together steps in with a three-day finance to save a commercial property deal

A pair of businessmen who faced losing a property deal when their initial lender went bust have now bought their office – after Together provided a...

Emerging fintech innovations set to influence SME lending in 2019

A wiser man than me once said that anyone attempting to make predictions will end up either wrong or lucky. In 2019, against a backdrop of uncertainty about...

Nucleus CEO Chirag Shah: Comment on CBI Manufacturing Sentiment

In light of the CBI’s new data outlining that sentiment within manufacturing further deteriorated, Chirag Shah, CEO, Nucleus Commercial Finance, said:...

From no way to no deal, comments on Sterling’s rally as the chances of a chaotic Brexit reduce

Commenting on Sterling’s rally on hopes that a chaotic Brexit is no longer an option, Andy Scott, Associate Director at JCRA, the independent financial risk...

Fiduciam to double lending and make 25 new hires in 2019

London-based lender Fiduciam has set its objectives for 2019, planning to double its lending by originating £250million (€280million / $320million) in new...

FSB: Use town centre funding to drive high street renaissance

A Scottish high street renaissance could be around the corner if new Scottish Government funding is complemented with local business and public sector support,...

Henry Howard Finance Appoints New Analytics Manager

Henry Howard Finance Group (HHF) has appointed a new Analytics Manager, to help support the independent funder’s continued growth. Rachel Davies will drive...

Reward Finance Group to build on Manchester office success with new managing director

Group sales and marketing director of Reward Finance Group, Nick Smith, has been appointed to the role of managing director of the Manchester office to help...

CSA appoints senior executive as new Head of Policy

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industries, has appointed Henry Aitchison, a former senior...

Metro offers hospitality to Pearl Hotels

Metro Bank, the revolution in British banking, has today announced that it has provided Pearl Hotels with a £20.5 million commercial loan to re-finance...

FSB in Scotland: Collaboration required to exit political cul-de-sac

Following the heavy defeat of the Withdrawal Agreement in last night’s meaningful vote in the House of Commons, the Federation of Small Businesses’ (FSB)...

Nucleus Commercial Finance Breaks £1 billion Mark

Nucleus Commercial Finance, one of the UK’s largest providers of alternative finance to businesses, announces today that it has broken through the £1...

Bibby Financial Services strengthens presence in South West England

Bibby Financial Services (BFS) has appointed Sue Pengelly as Business Development Manager (BDM), South West of England, as it looks to expand its support for...

UK’s Largest Personal Insolvency Firm Creditfix Bolsters Team In The West Midlands

with money, following the acquisition of a Birmingham-based debt management business. Creditfix has expanded its comprehensive range of debt relief solutions...

Smart Software the Pathway to New Challenger Asset Finance Businesses

The advent of open banking and the continuing emergence of new challenger and mobile banks is not limited to traditional banking. Asset finance is ripe for...

Asset finance market reports new business stable in November

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

UK insolvencies set for +9% rise in 2019, even if a Brexit deal is agreed

The number of UK business insolvencies is set to rise by +9% this year, even if a deal is agreed with the EU before the Brexit deadline, according to Euler...

CA issues response to Law Commission’s leasehold enfranchisement reform consultation

The Conveyancing Association (CA), the leading trade body for the conveyancing industry, has today (10th January 2019) announced it has responded to the Law...

MP secures ten minute rule bill promoting ‘project bank accounts’ to tackle late payments

Late payments campaigner, and MP for Oldham East and Saddleworth, Debbie Abrahams, has secured a ten minute rule bill which says that all payments on...

Businesses will reap the rewards of Open Banking by 2020

Three-quarters (74%) of businesses in the UK surveyed by Centtrip, the international payments, treasury management and foreign-exchange specialist, believe...

R&W Scott secures £3.6m funding line from Bibby Financial Services for MBO from Real Good Food Plc

Bibby Financial Services has provided £3.6m to RW Scott, Carluke (South of Glasgow) based food wholesaler which has recently been acquired by an experienced...

Bibby Financial Services surpasses £100m in funding for northern businesses in 2018

Leading independent SME funder, Bibby Financial Services (BFS), has provided over £100m in funding in the North this year through its specialist corporate...

FSB: Immigration plans will hit Scottish firms and communities

Today the UK Government has published its White Paper on immigration. The Federation of Small Businesses (FSB) in Scotland has demanded an urgent rethink,...

Adrian Payne re-joins Bibby Financial Services as Head of Sales for Solent

Bibby Financial Services (BFS) has appointed Adrian Payne as Head of Sales to drive its growth plans in the South of England. Adrian returns to BFS after four...

Asset finance market reports new business up 9% in October

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9%...

Nearly three-quarters of UK SMEs are fearful for 2019

With 2019 fast approaching, new research released today by Nucleus Commercial Finance reveals that 74% of UK SME leaders are fearful about what 2019 holds. The...

Credit Insurance Industry to Face Biggest Challenges for a Decade in 2019

Tinubu Square, a leading provider of credit insurance, surety and trade finance solutions is predicting that with changes in the risk landscape, increasingly...

Website word usage as predictive factor for business growth

The text of a company’s website helps predict the growth of that company. Dutch scientists of the Jheronimus Academy of Data Science (JADS) came to this...

Fleet Mortgages announce new Standard & Limited Company products

Fleet Mortgages, the buy-to-let specialist lender, has today announced the launch of a number of new products across both its standard and limited company...

FSB welcomes ‘savvy’ Scottish Government Budget

Andrew McRae, FSB’s Scotland Policy Chair, said: “Like smaller firms across Scotland, Derek Mackay today showed that he’s getting on with business...

Brexit chaos affecting business

Dave Spicer, Dean of the Business School at the University of Salford said: “It is chaos at the moment, there is no other word for it. Business is crying out...

Hospitality sector tops table with highest rate of company failure

New data released today by Creditsafe, examining the rate of company failures across 12* UK business sectors, reveals 0.33% of companies in the Hospitality...

Scottish small business confidence hits all-time low

Business optimism in Scotland is at the lowest ebb ever recorded by the Federation of Small Businesses’ (FSB) quarterly small business confidence index. The...

Banking Support – SMEs hold cash for uncertainty – Comment by CEO Chirag Shah

Chirag Shah, CEO of Nucleus Commercial Finance comments: “Whilst today’s figures show that businesses across the UK are consistently supported with...

Reward Finance Group helps hotel target more weddings

The 19-bedroom bedroom Fairways Hotel, which overlooks the Bristol Channel in Porthcawl, has undergone an extensive refurbishment, including the addition of a...

MP calls on businesses to step up and help close productivity gap

Businesses and employers should do more to help close Britain’s productivity gap, says Guy Opperman MP, Parliamentary Under-Secretary of State at the...

UK SME business confidence down almost 20% on 2017

Research commissioned by Dun & Bradstreet revealed UK small and medium-sized enterprise (SME) confidence in future financial success is down 19% compared...

FSB calls for Scottish business Brexit fund

The Scottish Government should set aside £75 million to help firms adapt to the UK leaving the European Union, the Federation of Small Businesses (FSB) has...

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

Bibby Financial Services (BFS) has appointed Jim Davis as Managing Director for Export Finance as it looks to further grow its support for businesses trading...

Counting The Cost Of A Good Image

Like many professional services, accountancy has a reputation for being boring. Although money may not be the most dynamic of subjects, it doesn’t mean...

Mid-size and Northern companies have the highest insolvency risk

Commenting on new statistics published by the Government on the number of England & Wales corporate insolvencies in 2017, broken down by company age, size...

Private finance can unlock billions to relieve pressure and increase value for healthcare sector

Siemens Financial Services (SFS) has released a new research paper which examines the pressures on resources for healthcare systems around the world, the...

Arcinova seeks to continue impressive phase of growth with help of SFS

Arcinova, a contract research and development organisation providing a range of services to the pharmaceutical industry, is benefitting from invoice finance...

Bibby Financial Services appoints Paul Lomas as Global HR Director to drive international people strategy

Bibby Financial Services (BFS) has appointed Paul Lomas as Global HR Director to develop and implement the business’s global HR operating model in line with...

Business debt judgments fall to historic Q3 low

The number of business debt judgments registered in the Republic of Ireland during the third quarter of 2018 fell to the lowest levels on record for any third...

Machinery and engineering sector goes under the spotlight in new Atradius Market Monitor report

Trade credit insurer Atradius has published a new report revealing the challenges and opportunities facing the global machinery and engineering sector. The...

Outdoor media advertiser secures £1m funding line

Bibby Financial Services (BFS) has provided a £1m funding facility to Open Outdoor Media Limited (OPEN). The funding line includes Invoice Finance and Hire...

Tough quarter for business debts

The number of debt decrees registered against Scottish businesses rose by more than a third during the third quarter of 2018, according to figures released...

The Chartered Institute of Credit Management (CICM) and ITN Productions present ‘Credit Experts’

Due to the success of ‘Credit Champions,’ The Chartered Institute of Credit Management (CICM) has partnered with ITN Productions to create flagship...

Arcinova seeks to continue impressive phase of growth with help of SFS

Arcinova, a contract research and development organisation providing a range of services to the pharmaceutical industry, is benefitting from invoice finance...

Reward Finance Group delivers a record number of deals in October

Reward Finance Group, the Leeds and Manchester-based alternative finance provider, has achieved another milestone by lending £7m across 23 deals in October,...

FSB: Decline in firms ‘spells trouble’

Official figures published today show that the number of Scottish businesses fell by 8,830 between March 2017 and March 2018 – with a large fall in...

Payment report: Half of British business invoices are overdue

Businesses in Britain have a higher proportion of overdue invoices compared to their counterparts across Western Europe, new research by trade credit insurer...

Rising self-employment comes at a cost for tens of thousands in debt

A growing number of small business owners and self-employed people are facing high levels of debt as they struggle to keep their businesses afloat, according...

What More UK – Trading not halted by Brexit negotiations

With international sales higher than ever before, What More UK are not phased by Brexit negotiations. As the largest supplier and brand leader of plastic...

EBA stress test: Use AI to prepare against Brexit shock – SAS

Lee Thorpe, head of risk business solutions, SAS UK & Ireland said: “With Brexit just around the corner, it’s good to see that the banking sector has...

UK fails to improve its standing in the World Bank insolvency rankings – R3

The lack of improvement in the UK’s standing in the World Bank’s latest insolvency rankings underlines the need for UK corporate insolvency reform, says...

Funding Options Appoints Alastair Preacher as new Chief Product Officer

Funding Options today announced that Alastair Preacher has joined Funding Options as their new Chief Product Officer. Award-winning business finance...

Five-day finance saves a developers’ property auction purchase

Lender Together has saved a renovation project after completing a £135,800 short-term loan in just five working days. The customer, a Surrey-based property...

Jigsaw Finance – Finance Broker of the Year 2018

The 8thannual 2018 F&I Conference & Awards event hosted by Dealtrak on October 18thsaw Jigsaw Finance recognised as the Broker of the Year in what was...

iwoca becomes first business lender to connect to UK bank via Open Banking

iwoca, one of Europe’s fastest growing small business lenders, has today successfully released Open Banking for all new customers with a Lloyds Bank account....

Enhanced regulation needed despite a drop in insolvencies

Following the release of the Q3 2018 Insolvency Service statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company,...

Kash Ahmad appointed to Institute of Export and International Trade board

Bibby Financial Services (BFS) Specialist Director, Kash Ahmad, has been appointed to the board of the Institute of Export and International Trade...

Forum of Private Business gives Hammond 5 out of 10 for his pre-Brexit budget

The Forum of Private Business (FPB) has given the Chancellor 5 out of 10 for his last budget before Britain leaves the EU. Managing Director Ian Cass said:...

CEO comment: Budget doesn’t go far enough to support future of UK SMEs

Angus Dent, CEO of ArchOver: “The Tory party’s promise to put an end to austerity has been revealed as simply words, not actions. Hammond’s plans for...

Equifax signs on as partner to NatWest’s Entrepreneur Accelerator programme

NatWest has announced that Deloitte, Equifax and FreeAgent have signed up as partners to its Entrepreneur Accelerator programme, the UK’s largest...

“Retail market will remain tough for Debenhams in spite of store closures”

David Birne, business recovery and insolvency partner at H W Fisher & Company comments: “That Debenhams has announced the closure of as many as 50...

Baltic Fintech Boom – What’s Ahead?

In recent years, the Baltic States of Lithuania, Latvia, and Estonia have gained a reputation in financial and technological circles as being somewhat of a...

FSB: Economy manifesto must stay on track

Today the Scottish Government has published an Economic Action Plan – outlining a range of measures Ministers are taking to boost growth. Stuart Mackinnon,...

To say we are heading into choppy waters is probably an understatement – Comment

Following the UK Finance figures, Paul Hunt, Phoebus Software managing director, said “We are beginning to see something of a trend with the market waning in...

Fleet Mortgages announce new National Sales Manager

Fleet Mortgages, the buy-to-let and specialist lender, has today announced the promotion of Graham Le Bas to the role of National Sales Manager. Graham has...

Reward Finance’s continued growth leads to new appointment

Experienced banker, Chris Ibbetson, has joined Reward Finance as a portfolio manager to handle the growing number of deals being generated by the SME funder....

Hope Capital rebrands as lending volume doubles

Hope Capital has rebranded and moved to a new office this week, all as part of the next phase of its ambitious growth strategy. Hope Capital is on target to...

European Women Payments Network and Money20/20 Europe join forces to promote diversity and inclusion

Demonstrating its sustained commitment to promoting diversity and inclusion in the Financial Services and FinTech arena, Money20/20 Europe will sponsor the...

Metro Bank funds Kingsway Properties’ acquisition of listed Shaftesbury Avenue site

Metro Bank, the revolution in British banking, has today announced it has provided commercial property specialists, Kingsway Properties London, with a £14...

ArchOver marks the beginning of its UK expansion in Birmingham

ArchOver, the P2P business lending platform connecting businesses requiring finance with individual and institutional investors, is expanding into the West...

Young Business Leaders Borrow to Grow, Fear Brexit, and Worry about a Financial Crisis

Young businesses decision makers (aged 16 to 29-years-old) are the most open to using external finance, with 57% planning to access additional funds in the...

Historic wholesaler secures funding line from Bibby Financial Services

Bibby Financial Services has provided a £5m Invoice Finance facility to Nigel Fredericks Trading, a London-based meat wholesaler which has recently been...

Asset finance market reports double-digit growth in August

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

Atradius grows from strength to strength in the North West

Trade credit insurer Atradius is better placed than ever to deliver crucial support to North West businesses. A world leader in trade credit insurance with an...

Data reveals real winner of The Apprentice 2018 based on study of candidates’ businesses

The Apprentice returns this week for a 14th series, as 16 entrepreneurs and impresarios battle it out to win a significant investment in their respective...

Arum successfully secures place on UK government framework for digital services

Arum has secured a place on the newly launched Digital Outcomes and Specialists 3 Framework (DOS3), run by Crown Commercial Services (CCS). This framework...

Tinubu Square reaffirms commitment to international market presence

To support its technological and business development, Tinubu Square, a leading provider of Credit Insurance, Surety and Trade Finance solutions, recruits...

Metro Bank supports hospitality franchise with £14 million loan

Metro Bank, the revolution in British banking, has today announced that it has provided Auriga Holdings Ltd, the restaurant franchise business, with a £13.95...

Atradius Barometer Reveals Payment Practices of Eastern European Businesses

Less businesses in Eastern Europe are offering credit to customers, a report by trade credit insurer Atradius has found. The 2018 edition of the Atradius...

Together revamps its commercial short-term loans

Together has refreshed its unregulated short-term loan range by removing fees and lowering rates to help more people looking to buy investment properties. The...

Euler Hermes: Global trade growth may fall 50 per cent if US and China fail to resolve tariff issues

Global trade growth could halve by 2020 should the US and China fail to agree a deal to halt the increase in import tariffs, according to leading trade credit...

Assetz Capital chooses Connect for Intermediaries as its first network and packager of choice

Peer-to-peer lender, Assetz Capital, has agreed a deal with Connect for Intermediaries to be the first network that it distributes its products through. Assetz...

Two in three SMEs make growth plans to battle economic uncertainty

More than two thirds of small business owners (67%) are working on plans to deliver growth in the next three months. This represents a rise from this time last...

Henry Howard Finance approves six-figure package for Wales’ largest privately-owned gym

A £450,000 funding package from Henry Howard Finance has helped an independent Welsh gym become one of the largest privately-owned gyms, and the first...

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,...

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...

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...

Creative big data project launched

Entrepreneurs, business people and artists are backing a £1.3m project to boost business growth in the Sussex-to-London region. They packed the project’s...