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 […]
Loan covenant disputes caused by the coronavirus crisis are likely to impact almost all industry sectors in the coming year, unless lenders and investors work together to resolve problems caused by covenant breaches, says RPC, the City-headquartered law firm. RPC says more loan covenant disputes, outside of the real estate sectors, will occur as the […]
Specialist asset-based lender Ultimate Finance is today announcing that it has expanded its Coronavirus Business Interruption Loan Scheme (CBILS) accreditation to include asset finance products. Ultimate Finance’s accreditation by the British Business Bank for the CBILS asset finance variant will enable the company to utilise its broad expertise to provide funding to SMEs to support […]
One in five highly skilled freelancers expect to have to close their business because of the Covid-19 crisis, according to new research by University of Edinburgh Business School in association with IPSE (the Association of Independent Professionals and the Self-Employed). The study, which surveyed over 1,400 highly skilled freelancers (Standard Occupational Groups 1 and 2), […]
