The UK new light commercial vehicle (LCV) market declined -24.8% in June, as lockdown measures eased and businesses began to return to work, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). After a -74.1% fall in registrations in the previous month1, this is an improvement but betrays […]
lThe MCI mortgage club has appointed Zephyr Homeloans to its growing panel of specialist lenders for buy-to-let products. Zephyr supports a product range tailored for individual landlords and limited companies, including HMOs, multi-unit freehold blocks, flats above commercial premises and ex-local authority properties. MCI Club members will benefit from Zephyr’s application-fee-free approach. LTVs are available […]
UK banks are gearing up to 40% (circa £11bn) of loans from the Bounce Back Loan Scheme (BBLS) to potentially be written off as irrecoverable according to RSM, and all this at the expense of the taxpayer. Banks are already preparing and building their teams to pursue businesses that default on the BBLS, a scheme […]
The 102-year-old Warners Motor Group in Gloucestershire has seen soaring demand for motorhome rentals as holidaymakers plan UK trips because of restrictions on overseas travel. The family-owned firm was forced to close its showrooms and furlough most of its 75 staff during lockdown, but has kept its servicing and maintenance operations open for NHS vehicles […]
The number of UK businesses succumbing to cyber attacks has doubled in the last five years, with the sharpest spike in victim rates coming in the small-business community, according to Beaming, the specialist business ISP. Beaming’s five-year cyber security study, details of which are published in its Five Years in Cyber Security report, suggests that […]
Specialist asset-based lender Ultimate Finance is today announcing that it can offer Coronavirus Business Interruption Loan Scheme (CBILS) backed bridging finance products, following earlier accreditation by the British Business Bank for term loans alongside invoice finance facilities and asset finance. Property lending has been significantly impacted by the Covid-19 outbreak with the supply of finance […]
Big businesses have made no progress in ensuring the prompt payment of their suppliers over the last five years, shows research by accountants and business advisors, Moore. Businesses are currently waiting an average of 41 days to be paid, the same length of time as in 2015. This suggests that legislative initiatives to tackle this […]
The Energy & Utilities Skills Partnership (the Partnership) has today stated its commitment to apprenticeships, as struggling industries and employers across the UK pause, or are forced to end their programmes. Nick Ellins, the Chief Executive of Energy and Utility Skills who sits on the voluntary Partnership’s leadership Council advised “Today’s announcement is no quick […]
The latest job market report from CV-Library, the UK’s leading independent job board, reveals that applications for finance jobs soared in June, rising by a massive 49.5% compared to the previous month and by 1.7% year-on-year. The job board analysed its data from June 2020 and compared the findings with May 2020 and June 2019 […]
Business owners are being urged to be “proactive and do research” when it comes to looking for best rates on savings accounts amid the pandemic. The call comes as Redwood Bank research has found that only 35% of small business owners say they know the rate of interest they are currently receiving on their business […]
