The Coronavirus Business Interruption Loan Scheme and the newly introduced Bounce Back Loan Scheme are now thought to have provided over £10bn worth of loans to the UK’s small businesses. The Bounce Back Loan Scheme especially has had a tremendous impact, with over £5bn of funding approved in the first three days. For many businesses […]
A sports clothing manufacturer has been able to safeguard jobs during the coronavirus crisis and prepare for its post-lockdown future, thanks to new financial support from Lloyds Bank. Northern Clothing Company in North Shields manufactures sports clothing for sports teams, clubs and schools across the UK under its own brand – Core-37. The brand’s website […]
Leading UK invoice finance firm Optimum Finance has announced a new funding line increase to £16m as it strives to provide small and medium businesses with access to immediate funds to enable a long-term healthy cash flow position. The business has also unveiled that it will be able to provide larger SMEs with amplified support. […]
A leading medical equipment manufacturer increased its production capacity and workforce to help NHS Nightingale hospitals care for patients fighting the coronavirus, with support from Lloyds Bank. West Sussex’s RDP Group specialises in medical carts with inbuilt IT systems. It supplies 95% of NHS trusts across the UK with workstations for medical professionals in hospital […]
Paragon Bank, the specialist finance provider, is supporting Hampshire-based AdCo UK tackle coronavirus and maintain local jobs, providing a £60k funding package to enable the company to shift production to produce alcohol hand gel. With a turnover of £1.8m, AdCo UK Ltd is one of the UK’s leading specialist adhesive manufacturers. As coronavirus cases spread, […]
Just over a year on from securing a six-figure funding solution, an Essex-based air conditioning and refrigeration contractor has happily parted ways with its funder. As a result of successfully obtaining new contracts, delivering an investment programme focused on improving technology and recruiting additional employees to cope with demand, the firm has found itself in […]
Delays at Companies House are leaving businesses wishing to dissolve with growing and unnecessary debt, warns accountants, business and financial advisers Kreston Reeves. Andrew Tate, partner and head of restructuring at Kreston Reeves comments: “Many companies have seen business disappear as a result of the coronavirus with little prospect of it returning and are taking […]
A Newcastle-based food tech manufacturer is ramping up production of its pioneering sanitisation systems to meet a huge increase in demand with the support of Lloyds Bank. Biofresh Group Ltd, which is headquartered in Stocksfield, Northumberland and has production facilities in Gateshead and Huddersfield, has seen orders for the equipment rise more than ten-fold since […]
A Challenger Bank has pledged added support for professional landlords across the country amid the Covid-19 crisis. Redwood Bank has vowed to continue increasing its lending and, in particular, is keen to help professional landlords with residential investment opportunities, with new rates starting from 3.99% plus base rate. In addition, the Bank has announced it […]
A West Midlands company has repurposed its business model in order to produce vital PPE stations and acrylic protection screens to the medical sector, with help from an ongoing invoice finance facility provided by Reward Finance Group. Zero Point 8, based in Netherton, near Dudley, has fitted out reception areas in dental practices with acrylic […]
