Output stabilised in the quarter to January, following three consecutive quarters of decline, according to the latest CBI quarterly Industrial Trends Survey for Scotland. However, output is expected to return to sharp decline in the months ahead. The survey saw an overall decline in total domestic and export orders, albeit at a slower pace than […]
Nationwide insolvency practitioner SFP has successfully completed the sale of Conwy-based injection moulding business, A2B Plastics Limited, after the company was placed into administration. Most of 24 employees’ positions will be safeguarded as a result, as well as retaining specialist manufacturing knowledge in Wales. With a history dating back to 1958 and operating […]
The S&E Group, which includes award-winning manufacturer Michael Smith Switchgear Ltd, has secured a development loan through Santander UK, with whom it has a longstanding partnership spanning over seven years. The Leicester-based Group, which comprises Michael Smith Switchgear Ltd (MSSL), AVW Fabrications Ltd and Power Quality Systems Ltd, specialises in the manufacture, supply and installation […]
Alternative SME credit specialist Caple has helped Euroview Architectural Glass (EAG), an independent manufacturer of high-performance glass, access a £3m long-term unsecured loan. Essex-based EAG will use the loan to complete a management buyout (MBO) of the company and to boost the growth of the business in the UK and internationally. It expects to grow […]
The new report – ‘A direct approach’ – combines polling of manufacturers, logistics firms and consumers with detailed economic modelling to assess the impact of D2C sales, where traditional channels of distribution such as retailers and wholesalers are bypassed. The results show that a surge in shoppers going direct will mean sales through this channel […]
JR Gilbert Engineering, the precision engineering company based in South Wales, has secured a £650,000 invoice finance facility from Santander UK to support its next phase of growth. The additional support will ensure that the business, established in 1983 and specialising in cutting, surface grinding and precision machining, has the working capital available to continue […]
The market-leading manufacturer and stockholder of high-performance grade bolting sought a strong finance partner with the ability to provide the level of funding and flexibility to enable the management team to drive future growth and realise their vision for the business. Established eight years ago and headquartered in Wolverhampton, SFC supplies exotic, stainless and high […]
Secure Trust Bank Commercial Finance has provided a £50m bilateral receivables facility to support the leading European steel manufacturer as it looks to expand production and sales over the coming months. The steelworks, which has existed for around 150 years, supplies premium long products around the world and has facilities across the UK and Europe. […]
Britain’s largest manufacturers say they are prepared for life outside the European Union as the clock ticks down to the end of the transition period on 31st December, a Lloyds Bank survey has found. The Business in Britain report of 200 large manufacturers found that 81% of businesses have made the necessary preparations for operating […]
Paragon Bank continues to support UK SMEs during coronavirus, providing a £130,000 Coronavirus Business Interruption Loan (CBILS) loan to Worcester-based engineering firm, GDK Engineering Company Ltd. GDK is a subcontract engineering firm, based in Worcester, specialising in low volume production of machined products. GDK approached Paragon for support when demand for their services dropped as […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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