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Commercial Credit News
Company Watch becomes new CICM corporate partner
Tuesday, 14 November 2017
Company Watch, the Credit Reference Agency (CRA), has become a Corporate Partner of the Chartered Institute of Credit Management (CICM).
The Chartered Institute of Credit Management presents 'Credit Champions'
Tuesday, 14 November 2017
In a unique communications partnership, the Chartered Institute of Credit Management (CICM) and ITN Productions are producing a news and current affairs-style programme exploring the impact credit management has across the supply chain and the need to support the growth of businesses and the economy through healthier cashflow.   
Reward Finance funds new restaurant in Didsbury
Tuesday, 14 November 2017
Ignacio Perez-Barreiro, who was instrumental in establishing the successful La Tasca concept, has opened Tinto restaurant in Didsbury with his wife, Natalia Esquerdo-Girbes, creating 12 new jobs.  
SFP conducts sale of specialist healthcare recruitment agency
Friday, 10 November 2017
Nationwide insolvency practitioner, SFP, has completed a sale of the business and assets of Heart to Heart Recruitment, saving all employees in the process.  
Independent Growth Finance funds £53m to SMEs in H1 2017
Thursday, 09 November 2017
IGF, the leading commercial finance provider for SMEs, has reported a 180% increase in funds out year-on-year in the first half of 2017, with a total of £53m invested in businesses across the UK. 
Asset finance new business down 6% in quieter September
Thursday, 09 November 2017
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 6% in September, compared with the same month last year. In Q3 2017, new business fell by 2% compared with the same quarter in 2016.  
Number of Scottish businesses at record high
Thursday, 09 November 2017
A new Scottish Government statistical publication shows that the number of small businesses in Scotland is at a record high. 
Sale of Arum Systems
Monday, 06 November 2017
Arum Systems Limited ("Arum") has been acquired in a deal which completed a month after Arum released its annual financials showing a third consecutive year of double digit growth. No significant changes are planned for Arum or its management team.  
Comment - impact of Bank Rate increase on businesses
Friday, 03 November 2017
Ted Winterton, UK CEO at Bibby Financial Services, said:   “The increase is a mixed blessing for SMEs. On the one hand it signals that the Monetary Policy Committee is more confident about the economy, but the rise in interest on loans could hit some micro businesses who’ve become used to a decade of rock bottom rates. Our Global Business Monitor research recently found that over half (56%) of businesses expect to be affected by an interest rate rise and two fifths (39%) believe that this would negatively impact their business.  
FPB Raises Concerns Over The Impact of Today’s Rate Rise on Business
Friday, 03 November 2017
The Forum of Private Business has raised concerns about the impact on the business community of today’s base rate rise.
FSB in Scotland on interest rate increase
Friday, 03 November 2017
For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25 per cent to 0.5 per cent. 
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