Alternative SME credit specialist Caple has helped Celestia Technologies Group (Celestia), an international space technology company, to access a €4m (£3.5m) eight-year unsecured cross border loan to support an acquisition and growth. Celestia’s British company, based in Oxford, will use the first loan of €3m (£2.6m) to support the development of a new satellite ground […]
The government has announced that the self-assessment tax payment due on 31 July can be automatically deferred until 31 January 2021 and there will be no interest charged. But should everyone automatically take advantage of this concession? This raises an interesting issue for partnerships and LLPs. Whilst such structures are most commonly used by professionals, […]
Judopay, a leading mobile-first payment provider, today announced it has joined the #KeepBritainMoving initiative in response to the current COVID-19 pandemic to help small businesses. As a part of a UK-wide campaign, Judopay will help small and medium sized enterprises (SMEs) by providing them a platform where they can receive expert business advice, guidance or […]
Countingup, the number one banking and accounting app in the UK, has launched a free coronavirus grant calculator for sole traders, grantcalculator.co.uk. The calculator helps self-employed sole traders see what grant they are likely to be eligible for under the Self-employment Income Support Scheme which is due to launch at the end of April. They […]
UK manufacturers are facing a precarious future according to insights from fintech business lender MarketFinance. Over two thirds (68%) reported their order books have halved in the last 30 days. To compound matters, the majority (67%) have less than £50,000 cash and without any support will run out of money before the end of the […]
Sheffield Hallam University’s Advanced Wellbeing Research Centre (AWRC) has welcomed the first start-up business to its £900,000 Wellbeing Accelerator programme. Footfalls & Heartbeats, a Nottingham-based intelligent textiles business, will access state-of-the-art laboratories, business support packages and specialist facilities to help bring its products to market and improve people’s quality of life. Based at Sheffield Hallam’s […]
Leading business support group, the Forum of Private Business is lobbying the chancellor to reduce beer tax as part of a package to make the leading PubCo’s give their pubs’ tenants a rental holiday whilst they are closed during the coronavirus lock down. An open letter has been sent to the Treasury and to the […]
Chartered Accountants Wylie & Bisset is advising sole trader advisors and intermediaries to consider the extended moratorium on debt enforcement of up to six months under the emergency coronavirus (Scotland) Bill which passed by parliament last Wednesday with emergency provisions expected to come into force this week. This provides sole traders concerned about a looming […]
The number of alternative finance providers across Europe has increased considerably in recent years with crowdfunding, trading and angel investments (to name a few) becoming an important source of finance for entrepreneurs, startups, and SMEs. However, access to finance varies considerably across Europe with Southern, Central and Eastern European regions lagging behind Northern and Western […]
A coronavirus survey undertaken by the Enterprise Investment Scheme Association EISA) of 250 growth businesses currently seeking investment, indicates that more than 9 out of 10 of them will close down within the next 12 months if their current investment plans, disrupted by the coronavirus crisis, fail to materialise. Covering businesses currently in discussion with […]
