Company directors should be put under a new legal duty to turn rising profits into increased wages and training for staff, a think-tank says today. The Social Market Foundation said that corporate governance laws should be tightened to increase pressure on bosses to help workers increase their pay over time. The cross-party think-tank also called […]
Alternative business lender Just Cash Flow PLC has increased the unsecured lending limit on its revolving credit facility (RCF) from £50,000 to £85,000. The RCF works in a similar way to a traditional bank overdraft. This enhancement means applicants no longer need to secure a property on lending up to £85,000 and can provide a […]
Avison Young has appointed Magda Kudelko as associate director within its real estate finance team. Magda was a consultant at EY before joining U+I where she worked on regeneration projects across London, Manchester and Dublin. At U+I Magda was responsible for financial modelling of potential and ongoing projects of high complexity. In addition, Magda was […]
Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME partner, Bibby Financial Services (BFS) and global leader in trade credit insurance Euler Hermes. Findings of the research, based on a survey of more than 2,300 SMEs in 13 countries across Asia, […]
Property developers say the Midlands Engine is a shot in the arm for the region’s economy, according to new research. In a study by specialist finance company Together, they said the initiative has had a ‘very positive’ impact on their plans to invest across the region. The strong support is tipped to translate into development […]
The Financial Intermediary and Brokers Association (FIBA) has extended its range of lending options for members with the appointment of Pension-led funding, a subsidiary of Clifton Asset Management, to its lender panel. The facility allows company directors and owners to make use of existing pensions to provide funds for commercial purposes. Interest is paid back […]
Simply, the SME funder, today announced that it has received a further increase to its funding line from Aldermore which brings the total facility to £30m. The additional £10m means that Simply is now one of Aldermore’s most significant block funding partners and the total facility is one of the largest block discount deals in […]
Since entering the Northern Ireland residential development market in January 2018, marketplace lender Assetz Capital has assisted developers in bringing over 260 brand new homes to the local market. Assetz Capital’s investments have directly contributed to the NI economy, while also complementing the choice of funding available to local house builders. House types have ranged […]
Ultimate Finance is building on the strength of its record H1 results by investing significantly in its North West sales team. With a national network of offices, Ultimate Finance is growing its position in the region as a market leading asset-based lender by making two strategic senior sales team hires to build on recent success. […]
Growing East Yorkshire based alternative funding specialist for SMEs, One Stop Business Finance, has strengthened its operations and finance brokering team with the appointment of Collette Munson. Joining as operations manager and finance broker, Collette brings a wealth of experience in sales, service and operational processes to One Stop Business Finance to support its rapidly […]
