Specialist social impact lender GC Business Finance (GCBF) has provided Cumbria View Care Services with a £100,000 NPIF loan, backed by CBILS from NPIF – BFS & MSIF Microfinance, which is part of the Northern Powerhouse Investment Fund (NPIF). Based in Kendal, Cumbria View Care Services provides private home care for the elderly, including palliative […]
A Gloucestershire installer of windows, doors and conservatories is ramping up operations to meet pent up demand following the return to work on construction sites and homes, with support from Lloyds Bank. Newnham-based Glevum is seeing increased demand from trade and domestic customers that haven’t been able to complete projects over the last two months […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity […]
UK businesses are returning to work this month with some trepidation, finds fintech business lender MarketFinance. Nine in ten businesses are waiting to be paid an average of £148,917 for work done pre-lockdown, half of those that applied for CBILS loans have been declined and cashflow will be strained as invoices take longer to be […]
An award-winning luxury hotel on the Isle of Skye that has lost over a thousand bookings because of the Covid-19 pandemic has secured its future with the support of Bank of Scotland. Kinloch Lodge, a family-run 19-bedroom hotel, relies heavily on revenue from international tourists so the ban on overseas travel hit it hard. Some […]
United Tooling Solutions Ltd (UTS), a wholesaler of industrial tools and tooling equipment, is targeting significant growth across the UK thanks to funding from Shawbrook Bank. The Exeter-based trading subsidiary of national buying group, Troy (UK) Limited, is aiming to increase its operations through multiple acquisitions. UTS’ unique proposition incorporates broad-line industrial supplies distribution with […]
Over 972,000 businesses have been provided with lending worth a total of £40.7bn through the three major government-backed lending schemes, new figures from HM Treasury show today, as part of the banking and finance industry’s plan to help businesses get through these challenging times. Three months to the day after the launch of the Coronavirus […]
Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 252 companies that have been approved for £236.2m worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 623 applications in total in the first month of operation. Government has said it will […]
Baldwins Group, one of the UK’s fastest growing accountancy and business advisory firms, is pleased to announce that it advised on the successful sale of Birmingham based Environmental Integrated Solutions Limited (“EIS”), a leading supplier of VOC abatement, odour control, and other air pollution control solutions, to US based CECO Environmental Corp. (“CECO”). Established in […]
A Newport business which helped set up pop-up Tesco stores around NHS Nightingale hospitals is preparing to dial up support for retailers across the UK with the support of Lloyds Bank. Family-run Retail Merchandising Services has secured a £700k Coronavirus Business Interruption Loan via the lender that will ease any cashflow issues faced by the […]
