Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775m Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package (ARP), today issues an update on ISS. Achievements of ISS ISS has already made a difference in doubling the SME switching rate of CASS: as at the end of May 2020, 34,537 […]
Covering the week 15 – 21 June 2020 UK footfall decreased 57.2% year on year during the first week of reopening*. This was a slight improvement on the previous week at 76.2%. Footfall on high streets declined by 61.0% year on year. This was an improvement on a decline of 74.0% the previous week. High […]
Paul Uppal, the government’s small firms’ commissioner from 2017 to 2019, who was credited with making giant strides towards ensuring fair payment practices for small businesses and supporting them in resolving payment disputes with larger firms, has joined the board of the Forum of Private Business as a non-executive director. With experience from being a […]
A Newport business which helped set up pop-up Tesco stores around NHS Nightingale hospitals is preparing to dial up support for retailers across the UK with the support of Lloyds Bank. Family-run Retail Merchandising Services has secured a £700k Coronavirus Business Interruption Loan via the lender that will ease any cashflow issues faced by the […]
Specialist SME lender, Paragon has urged farmers to remain vigilant against the increased threat of purchase scams amidst the ongoing coronavirus. As a result of the restrictions in place due to the pandemic, farmers have been required to purchase machines without the usual visits they would make to dealers in order to carry out inspections. […]
UK businesses’ cash generation has stayed worryingly low heading into the cash crunch triggered by the Covid-19 pandemic, with mid-sized and smaller businesses faring worst, shows a new study by accountancy and business advisory firm, BDO LLP. BDO’s analysis of UK businesses shows that they converted just 2.6% of the value of their sales into […]
Landbay, one of the UK’s leading buy-to-let lenders, has today joined the Lender Exchange in order to have access to the best and most appropriate conveyancing solicitors. Lender Exchange, owned by Decision First, is a secure portal that provides law firms with the mechanism to exchange information with lenders in conjunction with the management of […]
Nearly half of small businesses asked in a poll are being forced to rely on savings to help stay afloat during the Covid-19 pandemic, according to a Hertfordshire challenger bank. A survey carried out by Redwood Bank in May has shown that 48% of senior executives and business owners say that money has been withdrawn […]
During a week of high-level political negotiations, the prime minister and his EU counterparts have agreed to accelerate negotiations on a future trading relationship, injecting a renewed momentum into the talks. Securing a comprehensive trade deal by 31 December that delivers zero tariffs from day one and creates a new framework for regulatory cooperation and […]
A Walsall based travel firm that has lost thousands of holiday bookings because of the COVID-19 pandemic has safeguarded its future and is continuing to support its customers, after securing £800,000 Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Parrys International Tours, which operates a wide range of luxury coach holidays, faced unprecedented circumstances […]
