As week two of England’s auto retail restart draws to a close, reports suggest a promising uplift in consumer interest in new cars, although of course it is still too early to tell whether this will translate into meaningful sales volumes over the days, weeks and months ahead. As the picture becomes clearer, the case […]
New monthly corporate insolvency statistics out today (June 12) show a decrease in May, compared to a year ago, but this week Treasury figures also revealed businesses have borrowed just under £35bn in emergency loans. The Insolvency Service, which is now publishing the statistics monthly, said there were 944 company insolvencies in England and Wales […]
SIA Group is delighted to announce the appointment of David Ross MRICS as head of restructuring services for its Birmingham Office, further strengthening its regional team. David brings extensive asset valuation and disposal experience to the fast growing team with a reputation for managing high profile restructuring and insolvency assignments. David is a fully qualified […]
Credebt, the debtor book professionals, are proud to have worked with most of the major banks, insolvency practitioners and invoice finance companies and have achieved significant success over the years, recovering more than £300m in the last 10 years. In this case, we recovered 129% of the funds out position within 3 months of a […]
Mitchells & Butlers, one of the largest operators of UK restaurants, pubs and bars, has secured £100m of funding from Santander UK and HSBC UK as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Established in 1898, the Group operates 1,700 sites across the UK, including Harvester, Toby Carvery and All Bar One. […]
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 […]
Businesses navigating the coronavirus pandemic need to take stock of the best way ahead as the government prepares to reduce some areas of support. Sussex-based chartered accountants and business advisers, MHA Carpenter Box, say that while the headlines have been about a gradual rolling back of the Coronavirus Job Retention Scheme (CJRS), which closes at […]
Barclays has today launched a toolkit to help small and medium sized enterprises (SMEs) across the UK get back on their feet as they navigate the uncertainty created by coronavirus. The ‘Barclays Back to Business’ programme has been designed in partnership with the Cambridge Judge Business School and is open to all UK SMEs, in […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, has approved a US$15m Murabaha Financing Facility in favour of City Bank Limited in Bangladesh to support the Bank’s private sector businesses, particularly SMEs importing raw materials from the international markets. City Bank is the latest partner institution to work […]
The exclusive survey of 1,006 SME decision makers by the leading provider of space, money and advice to SMEs, Newable, reveals that 59% of UK SMEs are experiencing drops in revenue and 73% have put the brakes on investment decisions. However, there are positive signs for some businesses, with almost a third of firms actually […]
