Noting that the UK’s seven major financial institutions all passed the Bank of England’s latest annual stress test, S&P Global Ratings said the results were not a surprise given that the groups are comfortably positioned relative to current regulatory capital and leverage requirements, including buffers. The results confirm the balance sheet resilience of the major […]
New legislation coming into effect on 6th April 2020 will see HRMC gain preferential treatment over non-preferential and floating charge holders; in particular those banks who have insolvent customer debts or security. While HMRC are able to reclaim the £185m per year it currently loses when VAT, PAYE, income tax, student loan repayments, employee National […]
Hertfordshire small businesses can now access a free business support programme ‘Get Enterprising’, which gives them fully-funded access to specialist support and opportunities to help them expand and grow. Get Enterprising will be delivered by leading social enterprise, Wenta, and funded by Hertfordshire Local Enterprise Partnership to enable early stage businesses across the county to […]
Responding to the latest ONS retail job figures for Q3 2019, Kyle Monk, head of retail insights and analytics at the British Retail Consortium, said: “Overall, the UK has added 576,000 new jobs compared to a year ago (using 4Q averages). There are 36,000 fewer jobs in retail than there were a year ago, making […]
Despite forecasts of poor turnouts and a number of retailer boycotts, November’s annual discount days set online sales soaring last month, with a growth rate of +16.4% year-on-year (YoY), according to the latest IMRG Capgemini Online Retail Index, which tracks the online sales performance of over 200 retailers. This was not only the highest growth […]
Praetura, the group of companies that provides alternative finance to SMEs, is expanding with the launch of a £40m fund designed to provide rapid finance to professional services firms. Praetura Enterprise Finance aims to support professional services firms – such as accountants, solicitors and other practices – and SMEs from other sectors with funding that […]
Metro Bank is accepting registrations for its new on-demand cash collection and delivery service to support the 4.2 million UK SMEs that rely on cash. The launch is the latest in a long list of innovations brought to the market by the Bank – from instant debit card printing in store and seven day a […]
B-North, the Manchester-based firm building an SME lending bank for the UK, has selected Newcastle Strategic Solutions Limited to provide its deposit-taking solution. B-North will be offering a range of fixed-term retail savings products when it launches in 2020, and will be using Newcastle Strategic Solutions for account opening and account management. Working with Newcastle […]
Pulse Cashflow Finance have today announced a summary of their year-end results and they reveal continued growth as the firm gets set to celebrate a decade in business. In the year ending September 2019, their client portfolio showed strong growth year on year with a 24% increase in the number of finance facilities offered to […]
ThinCats has provided £250,000 of funding to London-based The Event Corporation (TEC). Founded by the former airline pilot turned entrepreneur, James Sweetnam, The Event Corporation is a UK-wide specialist event company providing activities and experiences for families, groups and corporates. These range from escape rooms and hot air balloon rides through to It’s A Knockout. […]
