Brookes HC Recruitment has enjoyed a complete turnaround in fortunes thanks to Ultimate Finance providing an invoice finance facility and back office support. A financial issue with a client pushed the Birmingham-based healthcare recruitment firm to the brink but partnering with Ultimate Finance helped them turn things around. The specialist asset-based lender supported Brookes through […]
Tech giant Amazon’s current yearly revenue sits at $265.468bn, but how does the revenue of small businesses around the world compare to the tech giant’s fortune? Latona’s has analysed Eurostat and United States Census Bureau data to reveal how the revenue of small businesses compares to that of Amazon. Coming out on top is Switzerland, […]
ThinCats has today announced a move to an institution-only funding model for future loans. No new loans will be offered on the P2P Platform operated by Business Loan Network (BLN), one of the ThinCats Group companies. The P2P Platform has entered a run-off phase and has closed to new investors. Investors already using the P2P […]
The latest MarketFinance Business Insights charts late payment trends between 2013 and 2019, analysing over 100,000 invoices. The data sheds light on how long SMEs are waiting to be paid, how late these payments were and the impact. The analysis suggests that businesses typically agree 45-day payment terms from completion of work or delivery of […]
Leading digital bank Starling researched the UK’s gender pay gap using variables of age and sector to uncover just how much pay differs between the sexes. Data was taken from the Office for National Statistics (ONS) 2019 report, Annual Survey of Hours and Earnings (ASHE) and refers to the most recent 2018-2019 tax year. New […]
Benign economic conditions and low debt servicing costs have helped UK banks to maintain a low level of domestic credit losses in recent years. We estimate that such losses will be around £9bn, or just 0.32% of domestic loans, this year. 2019 losses would need to rise to around £18bn – double our estimate–to reach […]
Marketplace lender Assetz Capital has bolstered its headcount with the appointment of five new relationship directors since the beginning of November as it approaches its £1bn lending milestone. Lee Francis has over 20 years’ experience in the corporate banking sector, having held senior positions at Santander and Clydesdale Bank as relationship director in the London […]
The DHL Global Trade Barometer (GTB) indicates a further contraction in world trade for the next three months, with China recording the weakest growth outlook compared to all surveyed GTB countries. China’s ocean and air imports in certain sectors look set to remain strong as domestic consumption drives the economy amidst an overall decline in […]
NatWest has today announced it is opening its doors to new applications to join its in-house Entrepreneur Accelerator programme, offering a fully funded support programme for UK scale-ups and high growth businesses looking to scale and succeed. The bank is now accepting applications from growing businesses with ambition to scale to join the programme, with […]
Investec Capital Solutions is pleased to announce the launch of the Investec Flexible Trading Account. Investec is offering the Flexible Trading Account, a multifaceted solution which supports growth by providing working capital and cashflow throughout the buying and sales cycle with FX and hedging facilities. This account is designed to help clients, especially exporters and […]
