A Worcestershire-based specialist kitchen worktop manufacturer has been able to protect jobs and bolster its cashflow position during lockdown with the support of Lloyds Bank. Interfab, which operates a 13,000 sq ft manufacturing facility in Evesham, specialises in creating high-end acrylic worktops for both domestic and commercial kitchens. With installations and new contracts being paused […]
Gener8 Finance, the invoice finance provider to small businesses across the UK, have supported a fashion and textile manufacturer with a £400,000 cashflow finance facility as they use the funds to manufacture essential personal protective equipment (PPE) for the NHS. In a bid to support frontline staff as they battle against the covid-19 health crisis […]
Lloyds Bank Commercial Banking Business Barometer. The steep decline illustrates the impact the measures to contain the pandemic is having on UK businesses. (See chart 1). The results, which surveyed businesses between 31 March – 16 April 2020, reflect a significant drop in both trading prospects and economic optimism. The survey showed that current trading […]
Food and drink businesses defied an overall drop in UK exports during the first quarter of 2020 as supply chain disruption and international efforts to combat coronavirus hit overseas sales of goods and services, according to the Lloyds Bank International Trade Index. The Index, compiled in partnership with IHS Markit saw UK manufacturing exports fall […]
Independent SME funder, Bibby Financial Services (BFS), has provided a £3.5m funding facility to Capital Cooling Refrigeration Limited, a refrigeration specialist with 20 years’ experience in the industry. The West Lothian business based in Broxburn, designs, manufactures, distributes and maintains a range of commercial refrigeration products and bespoke systems to a variety of well-known UK […]
ONS labour productivity data from Q4 2019 revealed that productivity, as measured by output per hour, saw a small rise of 0.3% compared with the same quarter a year ago. This rise was caused by gross value added (GVA) growing at 1.1% compared with the same quarter a year ago, while hours worked grew by […]
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 […]
Leyton, the UK’s leading innovation funding specialist, has today announced that it is providing a free R&D tax service to companies that are repurposing to support the COVID-19 effort. This advice will help businesses to facilitate crucial cash flow, reclaim against costs such as staffing and consumables and claim the full tax relief which they […]
Leading valuation market specialists, VAS Group is continuing to expend its senior management team with the appointment of Daniel Owen-Parr to the newly created role of commercial director. For VAS Panel, Owen-Parr will be responsible for maintaining and building relationships with existing lenders as well as onboarding new lenders in both the short and long […]
