Arbuthnot Commercial ABL has supported a management buyout (MBO) of Britdoors and JCK, two door manufacturing businesses within the System Building Products Group. The £3.75m asset based lending facility comprised a revolving invoice discounting line, a plant & machinery loan and a cashflow loan. The MBO will form a new company, Unity Group Ltd, comprising […]
A family-owned free-range egg farm in Oxfordshire has diversified its operations to help meet a significant uplift in demand for eggs during the Covid-19 pandemic, after securing support from Lloyds Bank. Witney-based Mayfield Eggs has adapted its processes to provide packs of fresh free-range eggs to homes across Oxfordshire, whilst maintaining its supply to local […]
The country’s leading Thai restaurant group has completed a £5m loan by accessing the CBIL scheme through Barclays. With 35 sites across the Midlands and Southern England, Giggling Squid had been performing extremely well going into the crisis, despite the well-publicised headwinds effecting the casual dining sector. The Barclays loan will cover liquidity needs and […]
Two thirds of consumers (66%) expect to reduce their spending in certain industries over the next year, according to research from personal finance comparison site finder.com. However, not all consumers have plans to tighten their belts. A quarter (26%) say that they expect to spend the same amount or more compared with before lockdown, across […]
Branded footwear retailer Charles Clinkard is set to reopen all of its stores in the coming weeks, with the support of Lloyds Bank. The Middlesbrough-headquartered retailer, which has more than 30 stores and concessions across the UK, has secured a £2m Coronavirus Business Interruption Loan via its long-term banking partner Lloyds Bank. The funding, which […]
British Patient Capital comments on the British Business Bank’s Small Business Equity Tracker which reveals UK VCs currently have a record amount of dry powder ready to deploy. Catherine Lewis La Torre comments: “According to the British Business Bank’s Small Business Equity Tracker, venture capital dry powder – capital yet to be invested – is […]
A much-loved independent booksellers is reopening its doors and returning to normality thanks to a six-figure loan from Lloyds Bank. Family-run Topping & Company Booksellers had to close its stores in Ely, Bath, St Andrews and Edinburgh, in accordance with government guidelines back in March. The company furloughed almost all of its 50 employees, sales […]
The extent of the challenge faced by the UK’s small business owners, in recovering from the pandemic, has been revealed by research published by Amaiz, the business banking app, today. During their research (carried out for them by 3Gem) 10% of small businesses reported that they had lost all of their business as a direct […]
Equity investment in the UK’s tech businesses increased by 27% in 2019 to £4.0bn, the highest amount since the series began in 2011, reveals the British Business Bank’s annual Small Business Equity Tracker report, published today. The UK’s thriving tech sector remains highly attractive to equity investors, accounting for 47% of total equity investment in […]
Schoolbooks.ie, based in Tralee, Co. Kerry, has raised over €100,000 from Linked Finance, Ireland’s leading peer-to-peer (P2P) lender. As Ireland’s largest online retailer of schoolbooks, the funds raised have been used by the company to increase its art, craft and school-book stock to cater for increased demand as parents have coped with home-schooling during the […]
