West Sussex-based Energys Group Limited (“Energys”) has secured a £1.5m confidential invoice discounting facility from Arbuthnot Commercial Asset Based Lending (“ABL”) to generate additional liquidity to fund future growth, ultimately helping more businesses to reduce energy usage and increase efficiency. The new revolving funding line takes into account staged invoices within the borrowing base, which […]
Praetura Commercial Finance has successfully completed an increased syndication of its debt facilities, enabling more SMEs in the Northern region to obtain the transformational finance they need to power ahead in the current challenging environment. The funding will be made available to SMEs, offering innovative working capital solutions for a variety of event-driven transactions, including […]
The banking and finance industry has approved £47.9bn to over 1.1 million businesses so far through government-backed coronavirus lending schemes, HM Treasury statistics reveal today The Bounce Back Loan Scheme (BBLS) continues to provide new support to thousands of small and micro businesses every day, with 1.08 million businesses having received a total of £32.8bn […]
The Commercial Finance arm of FTSE-listed Secure Trust Bank has surpassed £5bn of invoices funded to British businesses. The division, which is headed up by managing director John Bevan, has funded a further £1bn in just under 10 months, having reached the milestone of £4bn in October 2019. Since it was established in 2014, Manchester-based […]
Simply, the SME funder, today announced that it has provided £123,500 to a repacking and distribution services company to enable it to grow its business. The company recently appointed a new director and won a large contract with a food manufacturer to package and distribute its product. To do this, it had to buy a […]
Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 465 companies that have been approved for £468.7m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 781 applications in total in the first two months of operations. This data shows where […]
Arbuthnot Commercial ABL is pleased to announce the recent completion of a £2m financing for Climatec Windows Limited and Alu-Tec (UK) Limited. The facility will be used to support the group’s day-to-day management team in the acquisition of a material equity stake alongside its existing shareholder directors, Steve Barker and Phil Bates. This has meant […]
A South Devon holiday park is back up and running and looking to sunnier times ahead following support from Lloyds Bank. Brixham Holiday Park had to close its doors to holidaymakers throughout spring, when accommodation at the site would usually be fully booked, and furlough a number of employees. In order to support staff and […]
Specialist asset-based lender Ultimate Finance is today reporting that June 2020 was a record-breaking month for its asset finance offer, with a 50 per cent increase in deals secured in May resulting in its loan book reaching a record high of £60m. The growth in demand for asset finance indicates an increased appetite from businesses […]
Intelligent Environmental Services (iES), a leading North West environmental consultant, has secured a £500k invoice finance facility from Advantedge as it looks to build on its recent merger with Winsulate. Based in Bolton, iES provides expert hazardous material consultancy to a broad range of commercial clients, specialising in asbestos, contaminated land and wider environmental contaminants […]
