Clayton Glass Limited, one of the UK’s largest glass manufacturers, has secured new funding from Santander UK to support its growth following the acquisition of Global Glass brand in October 2019. Clayton Glass is a sealed glass unit manufacturer operating from the largest IGU manufacturing site in the UK, operating across four separate sites and […]
Reward Finance Group has appointed experienced funder, Simon Micklethwaite, as business development director for Yorkshire and the North East region. He joins the alternative finance provider with over two decades experience within the sector. Initially he spent more than 18 years in commercial banking with HSBC, prior to joining property lender, Roma Finance. Over the […]
The latest Bridging Trends report shows a 45% fall in gross bridging loan volumes in the first half of the year, as activity is dented by the Covid-19 lockdown. Over the six month period, bridging loan volumes declined by £167.88m to £202.26m, compared to £370.14m of transactions in the first half of 2019. The loan […]
87% of SMEs say they have been negatively impacted by the Covid-19 ourbreak, while 68% expect the impact of the pandemic to be a major barrier to their business going forward, according to the latest research from BVA BDRC. Nearly half of SMEs (46%) reported sales falling more than 50% already with an expectation of […]
The project, titled ‘Project Endeavour’, sees Christie & Co bring to market a selection of 37 Bargain Booze, Wine Rack, Select Convenience and Central Convenience stores from across the UK which no longer fit Bestway Retail’s future strategy. All of these stores were acquired from the Administrators of Bargain Booze Ltd in 2018 when Bestway […]
SPOKO, an app which offers instant international money transfers, is entering the UK market by targeting South Asian migrant workers looking to move money without the need for bank accounts and costly transfer payments, while also seeking partners to integrate its white label API service. Quick and cheap money transfers by the British-Polish fintech SPOKO […]
S&P Global Ratings says UK banks face an awful earnings environment, with the Covid-19-pandemic-induced recession resulting in large impairment charges and a prolonged zero-interest-rate bound squeezing profit margins. However, exceptional monetary and fiscal policy intervention has eased an initial asset quality shock and reinforced bank liquidity and capitalisation. “Banks’ macroeconomic assumptions may prove to be […]
Cloud based accountancy software provider FreeAgent has today launched a series of improvements that will allow its customers to oversee, plan and protect their business with more than ease than ever before. From today, FreeAgent is visible within NatWest’s online digital banking platform, allowing businesses who bank with NatWest to view their finances and accounting […]
A Huddersfield housing scheme powered entirely by renewable energy is now fully occupied, following the completion of a multi-million-pound project to transform an old retail centre into 29 green homes by developer and landlord Euroconnect Properties. Lloyds Bank backed the firm with a seven-figure commercial loan for the project, which includes the installation of more […]
United Trust Bank (UTB) and Freedom Finance have completed a second charge ‘industry first’ progressing a case from application to offer using the recently launched B2B Digital Messenger service developed by Nivo. The new system, which eliminates the need for email and post, enables a seamless digital transfer and sharing of key customer documents and […]
