Gatehouse Bank today announces the sale of its Thistle Build to Rent (BTR) property portfolio to Goldman Sachs Merchant Banking Division and Pitmore for a total consideration of circa £150m. The deal, the largest transaction of its nature in the UK to date, comprises a portfolio of 918 units, predominantly two-and-three-bedroom homes across North-West England. […]
With the UK now officially separated from the European Union, new research from Nucleus Commercial Finance has found that the UK’s SMEs are worried about their future and the negative impact Brexit will bring to the economy. The research found that three in ten (30%) small to medium sized businesses think Brexit will have a […]
Another key scheme in the on-going regeneration of the former MG Rover car plant in Longbridge is being backed by a £780,000 funding deal from the West Midlands Combined Authority (WMCA). More than 400 new jobs are expected to be created by 2 Park Square which will see 60,000sq ft of high-quality commercial office space […]
The African Export-Import Bank (Afreximbank) together with its partners the African Development Bank (AfDB) and FCI announce the creation of a special purpose Grant authorised and funded by the AfDB’s Trust Fund to support the capacity building of emerging factoring firms in Africa that will benefit many SMEs across Africa. The Grant will be mobilized […]
The UK new car market fell by almost a third (-29.4%) in 2020, with annual registrations dropping to 1,631,064 units, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). A -10.9% decline in December wrapped up a turbulent 12 months, which saw demand fall by 680,076 units to the lowest […]
Specialist business property adviser, Christie & Co, has announced the sale of St Johns Nursing Home in Droitwich, Worcestershire, to Spring View Care. St Johns is a well-established nursing home registered for 43 service users and sits in a two-storey former Victorian hospital which was converted into a care home in the early 1990s. It […]
Change is overdue and banks and lenders must adapt to support SMEs in post Covid world says Director of Ricosta Capital Midlands based financial services provider Ludgate Finance has officially changed its name to Ricosta Capital with effect from 1st January 2021. The new name reflects the strategic changes Director Richard Mason is instigating to […]
The S&E Group, which includes award-winning manufacturer Michael Smith Switchgear Ltd, has secured a development loan through Santander UK, with whom it has a longstanding partnership spanning over seven years. The Leicester-based Group, which comprises Michael Smith Switchgear Ltd (MSSL), AVW Fabrications Ltd and Power Quality Systems Ltd, specialises in the manufacture, supply and installation […]
UK Finance data published today reveals that gross lending to SMEs in the first three quarters of 2020 amounted to more than double the annual total for 2019, reaching £54bn. The data, released as part of the quarterly Business Finance Review, shows that the UK banking and finance industry has delivered an unprecedented level of […]
Wesleyan Bank has surpassed its growth aspirations, by more than treble the volume written upon launch during 2020, in the company’s first full year of trading in the broker market and has appointed Trevor Bridgman as a senior broker account manager. For the year ending 2020, Wesleyan Bank’s Broker division has supported UK SMEs with […]
