Industry and broker news

22/04/2021

Allica Bank launches ‘Bring back the local relationship manager’ philosophy

Allica Bank has launched its direct-to-SME banking offering and appointed three relationship managers and one new business executive to support the launch. The investment marks the bank’s mission to ‘bring back the local relationship manager’ for established small and medium-sized businesses – a group that typically is no longer offered a relationship manager with deep local knowledge and SME lending expertise. In response to the increased importance of relationship managers following Covid, Allica’s focus in its new direct banking offering is on strengthening its personalised and tailored service with […]

22/04/2021

UK tech start-ups increase by 13%

The number of new tech companies being set up in the UK rose by 13% in 2020 according to new analysis by leading audit, tax and consulting firm RSM. In total, there has been 14,301 tech businesses incorporated in 2020 according to data held by Companies House, a 13% increase compared with 12,696 in 2019. […]

22/04/2021

White Oak reports record March as Q1 lending passes £160m

Independent business lender White Oak has announced record monthly lending figures in March, with £70m lending provided to 724 SMEs across the country, including £58m provided from its own book. 31 March was White Oak’s highest day of lending ever with £9m lent from its own book. The record month capped off a strong Q1 […]

21/04/2021

New offices and new jobs announced as Reward Finance Group breaks another record.

Reward Finance Group delivered its strongest ever new business performance in March, resulting in it breaking through the £90m lending milestone for the first time, and continuing a month-on-month growth trend since last Summer. In addition, Reward can today announce that it is expanding its geographical footprint and will be launching in both the Midlands […]

21/04/2021

Ten-point export Policy Platform launched

A ten-point action plan, which includes the creation of a new UK trade committee chaired by the prime minister, was launched today as part of a major new report. The Institute of Export & International Trade (IOE&IT) has published a Policy Platform paper that is designed to be a blueprint as to how the country […]

21/04/2021

Global factoring statistics 2020 provisional outcome

The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI secretary general. The global figure gives a significant indication that the industry had a very challenging year, in line with the havoc that the 2020 pandemic created globally, all countries impacted differently based on their own specific measures […]

21/04/2021

Lloyds Retail Bank prove the value of having full cloud-native solutions

The cloud allows businesses to link individuals, data, and processes in new ways to take advantage of the opportunities provided by digital technology. Considering the benefits of cloud security, major corporations are adamant about switching to the cloud, and most are already doing so. Today, we will look at how Matt Davis, Head of Cloud […]

21/04/2021

Employee Ownership Trust takes the wheel at F1 supplier

A leading UK precision engineering firm has transferred ownership to an Employee Ownership Trust in an eight-figure deal as the business targets future growth, with support from Shawbrook Bank. Retrac Group’s new Employee Ownership Trust (EOT) takes full equity of the Swindon-based company from chairman Andy Carter, whose father established the business in 1972. The […]

21/04/2021

ThinCats sparkles with MBO funding package for North Yorkshire based drinks manufacturer

Corinthian Brands (CBL) Limited, one the UK’s leading independent drinks manufacturers, has been supported with an eight-figure funding package for the MBO of St Helier Beverage Company Jersey Limited and its subsidiaries, by leading alternative finance provider for mid-sized SMEs, ThinCats. St Helier Beverage Company is the parent company of Corinthian Brands, with flagship alcoholic […]

21/04/2021

Insurers increase appetite for innovation as industry joins Fintech Pledge

In celebration of UK Fintech Week, Tech Nation, the growth platform for tech companies and leaders, has today announced new signatories of the Fintech Pledge. The Fintech Pledge, supported by HM Treasury and developed by the Fintech Delivery Panel, sets world-leading standards to accelerate the growth of the UK’s fintech sector by promoting valuable partnerships […]

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Allica Bank launches ‘Bring back the local relationship manager’ philosophy

UK tech start-ups increase by 13%

White Oak reports record March as Q1 lending passes £160m

New offices and new jobs announced as Reward Finance Group breaks another record.

Ten-point export Policy Platform launched

Global factoring statistics 2020 provisional outcome

Lloyds Retail Bank prove the value of having full cloud-native solutions

Employee Ownership Trust takes the wheel at F1 supplier

ThinCats sparkles with MBO funding package for North Yorkshire based drinks manufacturer

Insurers increase appetite for innovation as industry joins Fintech Pledge

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