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 Growth Street announced that it will effect a solvent wind down of the business once the Resolution Event is complete. This decision has been made by the Growth Street Board, with the support of the executive team and major shareholders. The entire focus of the business will now be on supporting its borrowers to […]
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 […]
Robert McKechnie, Open Banking Expert at Equifax UK, underlines the pivotal role of Open Banking amid the Covid-19 crisis: “Covid-19 has had a dramatic effect on many people’s finances, altered consumer behaviour and disrupted working environments. As we navigate a path out of the lockdown, Open Banking has the capacity to support financially vulnerable people, […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender, has joined the mortgage panel at Openwork, one of the UK’s largest and longest established financial advice and investment networks. Openwork’s community of more than 4,000 advisers and 1.2 million clients will now have access to Zephyr’s range of buy-to-let products, which cover loans up to a value […]
New research commissioned by MBH Corporation plc, a UK headquartered listed diversified investment holding company that acquires successful, strong-performing small to medium enterprises across multiple geographies and sectors, reveals that despite the financial and economic impact of coronavirus, nearly a third (30%) of well-established successful SMEs still expect to see their profits increase over the […]
54% of accountants have said that cashflow forecasting has become the number one priority for their SME clients due to the impact of Covid-19, ahead of business planning, credit control and bookkeeping. In a ‘Future of Cashflow’ survey commissioned by Fluidly, more than 200 accountancy firms with tens of thousands of SMEs on their books […]
Pepper Money has relaunched its buy-to-let purchase mortgages for individual investors and limited companies after closely monitoring the market and demand from both tenants and investors. In addition, Pepper Money will also be making its new Pepper Light mortgage range available on buy-to-let purchases for the first time. Pepper Light is a range of products […]
The results of the first fortnightly GM Recovery Tracker survey conducted by Greater Manchester Chamber of Commerce show a slight improvement in customer demand as the relaxation of lockdown measures continues. After a historic collapse in demand during lockdown, the survey reveals an improvement in sales but 43% of the respondents fear their revenues may […]
Landbay, one of the UK’s leading buy-to-let lenders, has today increased its maximum loan sizes from £1m to £1.5m on all standard properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs). It has also increased the maximum loan size on new build properties to £750,000 up from £500,000 across its whole range. Landbay […]
