A photographic agency whose order book emptied in a flash after the coronavirus outbreak says it expects to benefit from a boom in new business once lockdown is over, thanks to support from Lloyds Bank. United National Photographers (UNP) was founded in 1997 by picture editor and managing director Hamlet Mejloumian and is now the […]
One in ten British businesses face a high risk of entering insolvency as a result of the coronavirus pandemic. This equates to more than half a million (591,000) businesses pushed to the brink. Meanwhile, just over half (51%) of businesses state there is at least a small risk they will go insolvent due to the […]
The former head of the UK’s leading trade association for fine art and antique auctioneers says in six short weeks the industry has changed forever – and his own sales are evidence of this. Chris Ewbank, who held a three-day auction to celebrate 30 years in business as the country went into lockdown, says he […]
A company that makes mobility equipment for organisations including the NHS and charities has secured a Lloyds Bank loan as it grapples with a slowdown in orders because of COVID-19. Quest88, whose products include equipment for children with cerebral palsy, has agreed a £200,000 funding package with the bank via the government’s Coronavirus Business Interruption […]
Chartered Accountants Wylie & Bisset has cautioned business owners against seeking to borrow their way out of COVID19 financial difficulties and urged them to engage with financial advisors before rushing to submit a CBIL (Coronavirus Business Interruption Loan) application. While acknowledging the speed with which the Scottish and UK governments have established the CBIL scheme, […]
1pm plc, the AIM listed independent specialist provider of finance facilities to UK SMEs, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan and asset finance variants. The British Business Bank has approved 1pm Finance (UK) Ltd, a wholly-owned subsidiary of 1pm plc, […]
SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey. This sharp fall is largely attributable to the COVID-19 crisis, with over four out of five firms noting that the measures to contain the outbreak had a negative impact on […]
Nucleus Commercial Finance has provided a £1.3m facility to steelwork specialist firm Leyton Group, enabling the business to take on larger projects and expand across the UK. Founded in 2011, Leyton Group is a leading specialist in steel staircase design, manufacture and installation, currently operating mainly across London and the south. The business has completed […]
Independent SME funder, Bibby Financial Services (BFS), has provided a £6m funding facility to Bright Green Plastics Ltd, a plastic recycling specialist with over 100 years’ combined experience in the industry. The West Yorkshire business was established in 1992 as a subsidiary of the LINPAC Group Ltd, and in late 2019 they were acquired by […]
Thanks to an investigation by RN Magazine editor Jack Courtez and Ian Sloan of Bankier Sloan, small businesses will receive an extra £617m in grants to help them during the Covid-19 pandemic. The editor, who joined RN (the leading trade publication for independent news and convenience retailers) in 2017, conducted a thorough investigation into claims […]
