The Eat Out to Help Out scheme delivered a major and much needed boost to the hospitality sector in August. Although profitability in this sector was 36% lower as a result of the coronavirus pandemic in the latest wave of the Opinium-Cebr Business Distress Tracker, this is a dramatic improvement on the 59% reduction […]
The substantial drop in the estimates for the value of domestic mergers and acquisitions (M&A) involving UK companies for quarter 2 (Q2) from the Office of National Statistics are no surprise, highlighting the impact of coronavirus and lock down. Q3 will see a significant uptick in deals but the biggest threat to recovery for the […]
Funding Xchange, the leading business funding market place using its innovative platform to link businesses to the funders who are most likely to have an appetite to lend to them, has appointed Ben Sher as chief commercial officer. With nearly twenty years’ experience in the finance technology sector, much within capital markets prior to lending […]
Sheffield-based accountancy firm, Lishmans LLP, has secured a £250,000 funding package from NatWest as part of the Coronavirus Business Interruption Loan Scheme (CBILS) to support the future of the business and drive forward expansion plans. The funding has enabled the business, which provides business consultancy, accountancy and taxation services, to continue servicing clients and retain […]
Bluestone Mortgages today warns that the needs of “non-standard” customers could end up being excluded from the development of open finance if advisers do not respond to the FCA’s Call for Input by next month. Open finance would extend open banking principles to give customers more control over a wider range of their financial data, […]
Zephyr Homeloans, part of Computershare Loan Services, has become the latest lender to join the Intermediary Mortgage Lenders Association (IMLA), bringing the total number of IMLA members to 43. Paul Fryers, managing director, Zephyr Homeloans, will be the company’s representative at IMLA meetings. Zephyr Homeloans is a dedicated buy-to-let lender, providing a range of mortgage […]
A rapid £2,327,250, 73% loan-to-value bridging loan from Aspen has saved a customer’s £125k auction purchase deposit and provided additional funding on a part-finished development. Completed in just 15 days at 0.49% for six months on the lender’s stepped rate product, the deal brings together both a rapid auction purchase and finish-and-exit elements under one […]
Castle Trust Bank has launched a new range of buy-to-let products up to 75% LTV, with instant terms available from the lender’s BDMs. The products are available as 2-, 3- and 5-year fixed rates, with an automatic switch to a variable rate for a total term of 10 years. Rates start at 4.19% for 2-year […]
UK Export Finance (UKEF) enabled Coriolis Technologies, a UK tech start-up based in London, to double its revenue during Covid-19 by protecting a major export deal using its export insurance support. Coriolis Technologies provides data intelligence to the trade finance sector and 80% of its revenue comes from international business. The company recently secured a […]
A sea view hotel on the South Devon coast is to make way for a series of modern ‘staycation’ apartments in a £3.3m re-development project. Lantern Lodge Hotel, based in Hope Cove, Devon, will be replaced by 14 new modern apartments by Trinity Square Developments. Nine of the new units – which will provide guests […]
