Just over a year on from securing a six-figure funding solution, an Essex-based air conditioning and refrigeration contractor has happily parted ways with its funder. As a result of successfully obtaining new contracts, delivering an investment programme focused on improving technology and recruiting additional employees to cope with demand, the firm has found itself in […]
SME manufacturing output fell at the quickest pace in over a decade in the quarter to April, according to the latest CBI SME Trends Survey. This sharp fall is largely attributable to the COVID-19 crisis, with over four out of five firms noting that the measures to contain the outbreak had a negative impact on […]
Nucleus Commercial Finance has provided a £1.3m facility to steelwork specialist firm Leyton Group, enabling the business to take on larger projects and expand across the UK. Founded in 2011, Leyton Group is a leading specialist in steel staircase design, manufacture and installation, currently operating mainly across London and the south. The business has completed […]
Legal & General Modular Homes announces that it has gained planning consent to deliver 154 homes, using modular construction, at an eight acre site on Portholme Road, Selby in North Yorkshire. From its factory in Sherburn-in-Elmet in Yorkshire, Legal & General Modular Homes has ambitions to build its annual housing delivery to 3,000 modular homes […]
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 […]
