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Commercial Credit News
Sales director acquires shares at Reward Finance
Thursday, 11 May 2017
Leeds and Manchester-based alternative finance provider Reward Finance Group has completed a partial management buy-in, with group sales and marketing director Nick Smith acquiring a significant minority stake in the business for an undisclosed sum. 
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Ancoa Software sold by Leonard Curtis Business Solutions Group
Wednesday, 10 May 2017
Alex Cadwallader and Andrew Duncan, Directors at Leonard Curtis Business Solutions Group, were appointed Joint Administrators to Ancoa Software Ltd on 5 May 2017. The business and certain assets were sold immediately after to Swedish technology group Cinnober Financial Technology, saving jobs and preserving certain ongoing customer contracts.
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Expanded British Business Bank vital to small firms post-Brexit
Wednesday, 10 May 2017
The British Business Bank (BBB) should be readied to replicate the current role of the European Investment Bank (EIB) and European Investment Fund (EIF) in supporting small business finance markets once the UK has left the EU, according to the latest Federation of Small Businesses (FSB) Brexit report.  
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Douglas Flint and Lord Hill join board of the Centre for Policy Studies
Tuesday, 09 May 2017
Lord Saatchi, Chairman of the Centre for Policy Studies, announces the appointments of Douglas Flint and Lord Hill of Oareford to the Board of the Centre for Policy Studies. 
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Councils must appoint business champions to each Scottish city deal, local firms say
Tuesday, 09 May 2017
New council administrations must appoint business champions to each of Scotland’s city deals to ensure their billion pound budgets deliver for local economies, the Federation of Small Businesses (FSB) has said today. 
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Reditum Capital joins the ranks of the ASTL
Tuesday, 09 May 2017
The Association of Short Term Lenders (ASTL) has been joined by another member, Reditum Capital, one of the UK’s leading mezzanine and bridging global finance providers. 
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Mike Fairey appointed as non-exec director of Bibby Financial Services
Monday, 08 May 2017
Global business funder, Bibby Financial Services (BFS), has appointed Mike Fairey as Non-Executive Director with effect from 4 May 2017.
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North West based recruitment specialist sees positive future
Monday, 08 May 2017
Positive Recruitment Solutions (PRS), a recruitment specialist based in Warrington, is looking to expand its offering following the agreement of a new finance facility worth £650,000 with Aldermore, the specialist bank. 
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FSB on council elections: Door must be open to local firms
Friday, 05 May 2017
Scotland’s councils can’t rise to the challenges they face without successful local economies, the Federation of Small Businesses (FSB) has warned. 
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Close Brothers Group plc acquires specialist lender Novitas Loans ltd.
Thursday, 04 May 2017
Close Brothers Group plc is pleased to announce the acquisition of Novitas. The Salisbury-based firm, which is a leading provider of loans to the legal sector, will become part of Close Brothers Invoice Finance and Rentals, led by David Thomson. 
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Two new associate members add to the growing diversification of the ASTL
Thursday, 04 May 2017
The Association of Short Term Lenders (ASTL) has welcomed Allegiance Insure and Moorfields Advisory as its newest associate members. Since further toughening its code of conduct at the beginning of the year, the association has now welcomed two new full members and four associate members.
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