Paragon Bank continues to support the agricultural sector, providing a funding package to enable the growth of a Lancashire-based family farm. The farm, belonging to brothers Thomas and Ian Stafford and their father Thomas Stafford Snr, has been operating for over 63 years and focuses on contracting, combining and livestock. The most recent funding from […]
Many specialist UK manufacturers and retailers are still suffering low or zero sales, as ‘non-essential’ stores remain closed for another gruelling ten days in England. The international delivery specialist ParcelHero says that, while UK sales are stalled, many European Union (EU) markets have already fully re-opened and represent significant new opportunities for British businesses. It […]
Changes in the way that VAT is collected in the construction industry have been delayed again but should be welcomed say leading tax and advisory firm, Blick Rothenberg. Heather Powell, head of property & construction at the firm said: This great news despite the fact that the changes were announced over two years ago, and […]
Shawbrook Bank, the specialist SME lender, provided eacs with a multi-million pound senior cashflow loan facility for an undisclosed sum. Kevin Timms, CEO of eacs Ltd, said: “We are absolutely delighted to have been able to refinance the business in what is one of the most turbulent economic climates we have seen in our lifetime. […]
UK workers who work across international borders may be subject to double taxation say leading tax and advisory firm Blick Rothenberg Robert Salter a director in the firm’s global mobility unit said:” International workers , those who work partly in the UK and live work / partly in another country on an ongoing basis, have […]
Andover-based e-commerce retailer Stack ‘m High has responded to a “crazy” increase in orders of its products, such as trampolines and inflatable swimming pools, with support from Lloyds Bank. Daily orders of trampolines alone tripled from around 200 to 600, as parents looked for ways to keep children active at home when schools closed and […]
Alternative finance provider, Reward Finance Group, which has offices in Leeds and Manchester, has posted record year-end figures for the ninth consecutive year. In the year ending February 2020, income increased by 16 percent from £12.8m to £14.9m with total lending growing by 12% to £78m. During the year 142 deals were completed, with client […]
Fintech business lender MarketFinance has been given the green light by the British Business Bank to operationally start lending business loans and invoice finance as a lender under the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). CBILS is designed to support the continued provision of finance to UK smaller businesses (SMEs) during the Covid-19 outbreak. […]
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, announces a further and final issue of new ordinary shares of 10p each in the Company (“Ordinary Shares”) to satisfy the achieved earn-out consideration in respect of the Company’s historical acquisition of Positive Cashflow Finance Limited (“Positive”). The Company […]
Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis). Nearly a quarter (23%) needed the additional funding to cover payroll, and a further 26.5% to cover regular […]
