Annually, thousands of businesses fall victim to fraudulent customers. Footlocker, for example, recently got swindled for 1.8m euros by a fake company called Ups Consultancy. This case also involved ING being fined on grounds of negligence in its due diligence of fraud and was widely reported on in the media. So, fraud not only leads […]
As the Brexit deadline approaches, a new survey commissioned by Coupa Software (NASDAQ: COUP), a leader in Business Spend Management (BSM), revealed that, while the majority (96%) of UK senior finance decision makers in large companies have been preparing for Brexit for the past year, the work to become post-Brexit ready is still an uphill […]
A well-known Llanberis hotel has tripled its turnover, thanks to funding deals worth more than £85k in total, secured by finance specialists, Bathgate Business Finance. The Padarn Hotel received a transformational overhaul after being purchased by entrepreneurial couple, Lesley and Simon Wilson in 2016, with turnover now three times higher than when they acquired the […]
The 2012 LIBOR scandal rocked the financial world when it was revealed it had been manipulated for profit, culminating in combined fines of around $10bn and a decision to cease LIBOR by the end of 2021. This was a welcome move to protect banks, markets and consumers from illegal behaviour. However, with greater protection comes […]
Senior finance professional Scott Bradley has been appointed by Begbies Traynor to lead its expansion into the commercial finance brokerage market. Scott was previously regional sales director at commercial finance provider Ultimate Finance in Manchester. He has also held senior posts at Bibby Financial Services and Altus Global Capital LLP. Scott’s role at Begbies […]
ThinCats, the leading fintech lender to mid-sized SMEs, has today announced the appointment of David Parr as director for regional business development, covering the North West. David brings an array of funding experience to ThinCats, having joined from Barclays where he was director of Specialist Finance. In this role, he supported management teams at various […]
Together has completed a £2m bridging loan to keep a property investor’s plans on track. The customer was up against a tight deadline to complete the purchase of a Victorian grade II-listed former malt house, which was built in 1864 and had been previously converted into offices. His property investment company had a bridging loan […]
Commercial finance trade body, FIBA, has announced the appointment of specialist lender, The Bridging Group (TBG) to its lender panel. The lender which opened its doors for short term lending business in 2018 has headquarters in Dartford, Kent and lends across mainland UK. Adam Tyler, executive chairman at FIBA, said, “We are delighted to welcome […]
Simply today announced that it is proud to have signed up to the SME Finance Charter, a voluntary agreement that shows how UK lenders plan to support their business customers. Simply’s pledges are below: 1. We’re open for business and ready to lend. 31 months after launch and a year after we started originating on […]
Ahead of 6th November, the organisers of the Finance Professional Show are committed to keeping you up to date with sponsor and exhibitor news, information on what you can expect from the Show and tips to help you make the most of the event. Register to attend the Connect Academy Labs The FP Show is […]
