Secure Trust Bank Commercial Finance (STB CF), the asset-based lending (ABL) arm of Secure Trust Bank, has hailed a successful period of supporting ambitious businesses across the UK, having provided nearly £20bn of funding to over 250 UK businesses since it was established ten years ago. STB CF specialises in providing multi-asset ABL solutions to […]
Foundation Home Loans, the intermediary-only specialist lender, has announced it has successfully executed its first Residential Mortgage-Backed Securitisation (RMBS) backed by a mixed portfolio of both buy-to-let and owner-occupied mortgage loans. The securitisation, titled Braccan 2024-1, priced on 4 September, with Foundation seeking to sell £550m of mortgage loans. The new shelf sits alongside the […]
The UK is losing billions of pounds a year in revenue due to tax evasion among small businesses, which can easily exploit weaknesses in government systems, according to a new National Audit Office (NAO) report on tax evasion in retail. As well as raising public funds, reducing tax evasion encourages a level playing field between […]
An Aberdeen graphic designer who opened her own design studio in 2023 has enjoyed month-on-month business growth after she accessed specialist growth support from Business Gateway. Rachel Dixon set up Two Five Eight Creative Studio in May 2023 to create impactful advertising, bold brand identities and graphic designs for a range of clients, from start-ups […]
A vibrant brunch café chain based in Lincolnshire, has secured £25,000 funding from First Enterprise – Enterprise Loans under the British Business Bank’s Start Up Loans programme to expand their business with a fourth location under a new brand name, Juni. Fika currently operates three brunch cafes known for innovative dishes, quality beverages, and appealing ambience. The cafe chain aims […]
An eco-friendly household cleaning brand, Clevelli Bay, has been launched by a neurodivergent entrepreneur, inspired by Richard Branson’s stories about dyslexia and success, with the help of a £25,000 Start Up Loan from the British Business Bank. Charlie Sefton’s company is making waves with its luxurious, ocean-inspired products designed to limit single-use plastic and reduce carbon […]
A cheese manufacturer has secured £1m in debt funding from the Midlands Engine Investment Fund II, through its appointed fund manager Frontier Development Capital (FDC), to help it fulfil its fast-growing order book. Nantwich Cheese Company supplies the catering and hospitality industries, schools, hospitals and food manufacturers and also makes products for retailers including Aldi’s […]
On 29th August 2024, it will be 10 years since the TaxAssist Group directors, along with franchisees in the UK and Ireland, the senior management team, staff within the franchisee network and long-standing external business partners bought the organisation from founder John Westgarth. While franchise operations have been bought by their management teams before, it […]
British honey brand, Hilltop Honey has secured a banking package from Santander UK totalling £10m to support it with its banking needs, as it look to expand globally. The funding package includes stock finance, FX facilities, invoice finance, and the refinancing of a term loan, which will accelerate the honey producers continued international expansion to […]
A Merthyr Tydfil business is on an upward trajectory, cornering a gap in the automotive industry, after securing a finance package through the Investment Fund for Wales, that has allowed them to invest in staff training to deliver leading technology which could save drivers thousands of pounds. Screen Genie, which is based on Pant Industrial […]
