Responding to the new HM Treasury figures on Covid-19 support for businesses, managing director of Commercial Finance at UK Finance, Stephen Pegge, said: “This significant level of support demonstrates the clear commitment from the banking and finance industry to help businesses get through these tough times. “More than 1.1 million businesses large and small have […]
Chartered financial planning firm True Bearing has received an £80,000 loan from Rosebud to support its future growth plans. The Chorley-based firm, which operates across the UK, received its third tranche of Rosebud funding earlier this year to enable the purchase of a small independent practice. The acquisition, made possible with the investment, has allowed […]
An East Midlands-based childcare provider has expanded its footprint in the region after completing the acquisition of two nurseries in Mansfield, with the support of a seven-figure funding package from Lloyds Bank. NurseriesRUs purchased the two new sites in February as part of its ambitious growth plans to widen its offering in the region. But […]
SMEs that are struggling to make cheque payments as a result of their accounts staff working from home or being furloughed can now access a new secure cheque-writing service. The Send-A-Cheque™ service enables businesses to simply supply the payment details, via a secure link, and within 48 hours a fully and securely infilled cheque will […]
UK’s economy shrank by almost 20% in the three months to May, according to the Office for National Statistics, highlighting the unprecedented impact of the coronavirus in our society. The lockdown imposed by Covid-19 resulted in hundreds of thousands of job losses and millions of workers placed on furlough, as companies across the country have […]
Bardsley England, a 128-year-old fruit farming business, is preparing for the next chapter in its long and successful history following the exciting acquisition of a local competitor. Kent-based Bardsley England – which has been growing fruit since 1892 – acquired the assets of nearby competitor, Newmafruit, following the news its owner is exiting the industry […]
SMEs make up 99.9% of private sector businesses and so supporting entrepreneurs to start businesses as well as providing vital growth finance is clearly of the utmost importance to the overall health of the UK economy. Small firms also employ over 16 million people in the UK and the sector before coronavirus was growing at […]
Crystal Specialist Finance (CSF) has launched a range of buy-to-let semi-exclusive products with West One. The range includes improved options for first time landlords, HMOs, MUFBs, expats, holiday and airbnbs lets. Aimed at both individuals and limited companies, rates start from 3.79% up to 70% LTV with a maximum loan of £500,000. In addition, this […]
Covering the four weeks 31st May – 4 July 2020 On a total basis, sales increased by 3.4% in June, against a decrease of 1.6% in June 2019*. It is the highest since May 2018**. Also, It is the first growth registered since the lockdown and above the 3-month average decline of 6.4% and the […]
A new paper from King’s Business School has found that SMEs without government connections in corrupt and developing countries are more likely to be discouraged from approaching banks for a loan. This is in comparison to SMEs with government connections and the ‘insider-knowledge’ necessary to confidently navigate the often complex loan application process. Lack of […]
