Arbuthnot Commercial ABL, the specialist asset based lending arm of Arbuthnot Latham, has completed a £2m asset based lending (ABL) transaction in support of the strategic acquisition of Circum Ltd, a fire protection services specialist, by EA-RS Fire Engineering Ltd. (“EA-RS”). The facility comprises a flexible confidential invoice discounting line and a term loan. EA-RS, […]
Aspen Bridging will continue to offer a starting interest rate of 0.45% up to 80% loan-to-value as the business looks to capitalise on record summer and autumn periods. The company, which initially announced the rate in July as part of its ‘summer special’ promotion, having previously stood at 0.49%, is currently on track to double […]
The number of manufacturing businesses entering insolvency has hit a five-year high rising 7% to 1,466 in the last year (to 30 September 2019) up from 1,373 the previous year, says chartered accountants and business advisors, Moore. Moore says that the rise in manufacturing businesses going insolvent is being driven in part by Brexit-related uncertainty […]
New analysis by Paysend, the global fintech business, reveals the ten countries with the highest gender divide for access to a bank or mobile money account. Paysend analysed the latest data from the World Bank to compare the percentage of men with access to a bank or mobile money account compared to women. It shows […]
UK SMEs are reaping the benefits of going on international business trips and winning new business as a result. New research from the British Airways American Express® Accelerating Business Card has found nearly two thirds (62%) of UK SME leaders have taken international business trips in the past two years and more than a quarter […]
The third white paper written by the TALL Group of Companies Fraud: A changing landscape In terms of recent history, cheque fraud losses peaked in 2008 and during the following 10 years they reduced by more than 85%, far in excess of the decline in cheque volumes over the same period. However, the latest statistics […]
66% of respondents from the accounting and finance sector expect Hong Kong’s economy to contract in 2020 while 73% believe that the city’s competitiveness will decline, according to the latest Hong Kong Economic Survey conducted by CPA Australia. Growing anxiety about the economic outlook The rather bleak prospects for the year ahead is reflected in […]
Monetary Authority of Singapore (MAS) and Union Bank of the Philippines (UnionBank) through its fintech subsidiary, UBX signed a Memorandum of Understanding (MoU) at the Singapore Fintech Festival 2019 (SFF) making UnionBank the first Philippine partner for the MAS Business Sans Borders (BSB) project which empower small and medium enterprises (SMEs) globally. BSB is an […]
Over half (54%) of the UK’s SMEs, equating to 3.1 million businesses, admit they had not prepared in any way for Brexit ahead of the 31 October deadline according to the latest Q3 SME Confidence Tracker from Bibby Financial Services. Fewer SMEs are investing and the amount they are investing on average has also fallen. […]
A new managindirector of SME lending has been appointed at Paragon, with extensive experience in the asset finance sector, spanning the UK and Europe. John Phillipou joins Paragon from PEAC Finance, where he was chief executive officer, leading the business in providing finance solutions for predominantly SME clients. John will be responsible for overseeing the […]
