RSM has advised on the successful restructurings of the Thai Leisure Group and Aldo UK, preserving over 700 jobs and protecting over £30m of investment. Thai Leisure The Thai Leisure Group CVA (Company Voluntary Arrangement) was approved late last night, securing 90% support from creditors. Ian Leigh, MD of the Thai Leisure Group comments: ‘We […]
A customer has successfully completed two double-quick deals in just five days each with Aspen, smashing the lender’s own Time-Based Service Excellence Targets. Both cases were auction purchases which had entered notice period deadlines and needed fast solutions to enable completion. The company was initially approached in July to purchase and renovate a detached property […]
ThinCats, the leading alternative lender to mid-sized businesses, has supported independent FCA approved corporate insurance broker Todd & Cue with the completion of a re-finance transaction. Based in Gateshead, Todd & Cue specialise in the placement of insurance programmes for a wide spectrum of clients including public companies, recognised professional practices, financial institutions, private companies, […]
Bounce Back loans, the most popular HM Treasury support measure, used by SMEs are running low, finds the latest insights1 from fintech business lender MarketFinance. These SMEs are aware they can get more HM Treasury support by applying for larger loans through the Coronavirus Business Interruption Loan Scheme (CBILS) but did not know the deadline […]
Tourism and recreation joined 12 other UK sectors that are outperforming their international counterparts on a series of metrics tracking recovery from Covid-19 in August, according to Lloyds Bank. The Lloyds Bank UK Recovery Tracker, working with IHS Markit, provides unique insight into the shape and pace of the UK’s recovery following the unprecedented disruption […]
Market leading criteria search system Knowledge Bank is partnering with Precise Mortgages and Kent Reliance to launch a new, free monthly webinar. The sessions, called a Question of Knowledge, have been designed to impart expertise on topics that brokers may have always wanted more information on, but never had opportunity to find out about – […]
#3rdGen lender, Octane Capital, today announced it has had to create a waiting list for its new BTL offering given the sheer strength of demand from the broker community. Octane’s BTL product requires ZERO stress-testing, which is one of the major challenges brokers and landlords are facing in an increasingly conservative lending environment. The product, […]
Increased productivity as a result of working from home during lockdown could transform the way businesses and employees approach their working week, according to a new study released today. Greater productivity enables homeworkers to upskill The Lockdown Lessons report, commissioned by TalkTalk, revealed that more than half (58%) of workers in the UK said they […]
Aldermore bank has appointed David Whitehouse and Colin Ness as property development managers covering the North of England and South West England and Wales respectively. The announcement follows the appointment of Iain Bryson as head of development and specialist property in June 2020. Both David and Colin will focus on supporting experienced developers and intermediaries […]
Before coronavirus, Shropshire based Capital Cashmere relied on county shows, game fairs, horse events and pop up shops to sell its cashmere clothing and accessories. With lockdown in place and cashflow tied up in stock and event deposits, owner Alan Ball had no alternative but to furlough his employee. Discussions with Santander identified a multi […]
