Aldermore, the specialist bank, has provided capital funding to Mauveworx, a point of sale marketing company, which has moved to support the production of Personal Protective Equipment (PPE) for use by NHS staff in the fight against Covid-19. Based in Dorset, Mauveworx ordinarily supply retailers with printed point of sale marketing materials but was inspired […]
Bibby Financial Services (BFS), has provided an £850,000 funding facility which includes invoice discounting and trade finance to H Bronnley and Co UK Ltd, a luxury soap and fragrance business which exports to partners worldwide. H Bronnley & Co supply a range of high-quality soaps and fragrances, with a rich heritage dating back to 1884. […]
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 […]
A company vital in keeping the UK’s lights on has secured one of the earliest Coronavirus Large Business Interruption Loan Scheme (CLBILS) packages. CLBILS is one of the government measures introduced to support businesses impacted by the Covid-19 pandemic. Rainham Industrial Services, which specialises in the installation, maintenance and decommissioning of large industrial sites including […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the Covid-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
Nucleus Commercial Finance has provided a £50,000 facility to Energy Angels, enabling the business to continue operating at full capacity during the crisis and provide energy services to social and private landlords. Based in Wolverhampton, Energy Angels is a leading energy intermediary, helping households and businesses switch providers during void periods and supporting in negotiations […]
Gorgie Dental is a four-surgery, mixed-income dental practice which has been established for over 100 years. The selling Partners, Stephen Clark (manager) and Gareth Forde (principal), bought the practice in 2014, and in recent years they structured the business to be mainly Associate led – an appealing proposition for owners. Commenting on the sale, Stephen […]
Fiduciam, the short-term and marketplace lender, has just closed two development loans, with a total value of £2.5m, with one using its ‘Stepping Stone’ scheme. The two loans, with values of £1.6m and £900,000 respectively, will provide funding for private developments in south London and on the south east coast. The first loan took advantage […]
Gatehouse Bank has today introduced 75% Finance to Value (FTV) limits on its Buy-to-Let and Home Purchase Plan products. This follows the Bank’s decision to reduce its maximum FTV to 65% on 1st April, due to difficulties in gaining physical valuations during the lockdown. However, a change in the lockdown conditions in England means that […]
Figures published by HM Treasury today reveal how the banking and finance sector is helping businesses of all sizes get through these tough times. Lenders have approved £27.5 billion to more than 650,000 businesses so far through the three major government-backed lending schemes. The industry is providing an unprecedented level of support to businesses across […]
