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carried out by Redwood Bank in May has shown that 48% of senior executives and business owners say that money has been withdrawn […]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 […]
At least 50,000 disabled people who became self-employed last year are missing out on government support during coronavirus, according to new research by IPSE (the Association of Independent Professionals and the Self-Employed). The research shows that disabled self-employed people are also more likely to need financial support because in normal times, their average day rate […]
The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic. The B&B, which opened its doors in 2015 following a major refurbishment, hosts six individually styled luxurious bedrooms and has won several awards, including being […]
Online retail sales were up 72% year-on-year in the UK in May according to Mastercard SpendingPulse, which tracks overall retail sales across all types of payment, including card, cash and cheque. This is an advance on April’s online sales – which were up 64% year-over-year, showing an ongoing growth trend as consumers continue to shop […]
Legal retirement age is just a number for most business owners and entrepreneurs, particularly those closest to it, according to new research from Hitachi Capital Business Finance. Two thirds (63%) of business owners over 55 said they had no desire to retire and will ‘never stop’ working, either in a full-time or part-time capacity. […]
