Overall business confidence increased by 4 points to 6% in October, according to the latest findings from the Lloyds Bank Commercial Banking Business Barometer. While still below the long-term average of 24%, it was slightly higher than the previous three months where business confidence averaged 5%. Optimism in the economy also saw an improvement in […]
Responding to the Treasury’s Committee on economic crime, UK Finance chief executive Stephen Jones said “Investing millions in security systems to defend customers, supporting law enforcement in disrupting criminals and helping customers protect themselves from scams are core priorities for the finance industry. “The Authorised Push Payment voluntary code is a key part of this […]
The Quality Franchise Association ( QFA ) was founded by long standing franchising entrepreneur Joel Bissitt on 15th November 2018. Not even a year on the QFA has almost 100 members. The franchise association can also boast many other achievements including the successful launch of it’s own professional accreditation, the Verified Franchising Professional ( VFP […]
The Financial Intermediary & Broker Association (FIBA) is asking members and non- members to heed the warnings in the Bank of England’s latest quarterly credit conditions survey about lenders cutting access to funding in Q4 and beyond. The BoE survey points to a deteriorating funding situation for businesses, including SMEs, with a deteriorating economic climate […]
Growth Street today announced the launch of a new digitally-driven growth strategy. Over the past year, Growth Street has been developing new data and risk profiling capabilities to enable it to adopt a purely digital focused approach. This realignment is based on extensive analysis of Growth’s Street’s data, which shows consistently that SMEs have a […]
New research finds that only a very small number of the UK’s SMEs (5%) say increased uncertainty over the last three years has not cost their business in terms of lost revenue or turnover. On average, respondents estimated that the increased uncertainty of the last three years has cost their business over one million pounds […]
Aspen Bridging has completed a 72.5% LTV semi-commercial bridging loan for £425,000 in ten days, in the process overcoming complex legal issues to ensure a portfolio landlord saved their latest investment. The client had advanced £100k on the multi-use property on the Old Kent Road as an option to purchase in advance, however when another […]
SME finance platform, Alternative Business Funding (ABF) has announced a £6m fundraise, as it aims to rapidly expand – increasing company registrations to over 160,000 and helping these businesses find over £500mn of finance in just five years. ABF, which has designated status as approved by HM Treasury on the recommendation of the British Business […]
In the first poll of UK business owners since the 2019 general election was announced, business finance company MarketInvoice sought their views on voting intentions, expectations and challenges ahead. The election The MarketInvoice Business Insights survey found that most business owners (42%) are nervous about the general election, as two-thirds (67%) anticipate a hung parliament. […]
A new regional asset finance director for Scotland has been appointed at Paragon, with extensive experience in the asset finance sector. Fraser Tilley joins Paragon from Santander, where he spent nine years as Scottish regional director for asset finance, leading the business in growing the commercial lending for the region. Prior to joining Santander, Fraser […]
