Bibby Financial Services (BFS) has provided a £5m invoice discounting facility to HC Facility Management Ltd (HCFM), a leading provider of outsourced hotel support services to the UK hospitality sector. HCFM, which operates under the brand name Hotelcare, supplies the hospitality industry with a range of essential staff from room attendants to executive housekeepers, providing […]
Bob Bob Ricard, luxury London restaurant brand, has been supported with working capital funding by leading alternative finance provider to mid-sized SMEs, ThinCats. Opened in 2008 by CEO, Leonid Shutov, the Soho branch of Bob Bob Ricard became known for its unlimited champagne, fine vodka and luxurious interior design. The restaurant serves a classic British […]
Paragon Bank has provided a £360,000 funding deal to Alkmonton Dairy, a small, family-run farm in south Derbyshire, to enable the farm to process and bottle its own milk and supply its local community direct. The Harris family, which includes husband and wife Richard and Jo, owns the ‘Alkmonton Ayshire’ Pedigree dairy herd. Previously to […]
Marketplace lender Assetz Capital is offering a summer rate reduction of 0.45% across all of its loan products to borrowers until 31 July 2021. The promotion reduces the lender’s annual rates across its bridging, commercial mortgages/investment, SME secured, development finance and residential refurbishment products. To secure this promotional offer, borrowers must have accepted terms and […]
Property litigation specialist Cavendish Legal Group has criticised the government for causing further uncertainty among commercial property landlords, by extending the ban on evictions of firms behind on rent. The ban which prevents landlords taking tenants to court for non-payment, was due to end on June 30, but has now been extended for a further […]
A £1.3m funding deal secured to support the management buyout (MBO) of a Sheffield-based firm ensures it’s best placed to realise future ambitions in the rapidly growing smart building market. Led by CEO Craig Needham, the ambitious team at Horizon Controls believe smart cities start with intelligent buildings and is committed to maximising increase in […]
Aspen Bridging’s Rapid Desktop product has been used to lend on a semi-commercial property to allow a professional landlord to complete the acquisition of several residential properties across the UK, thanks to a seven-day turnaround. The corporate borrower required a gross loan of £290k against an unencumbered commercial asset in Derby in order to show […]
Most Londoners are now comfortable with returning to the city centre, while confidence in the job market is at its highest since last year, according to a new survey published today by Centre for London. The survey is the fourth issue of The London Intelligence by Centre for London in partnership with Savanta. The previous […]
United Trust Bank (UTB) has launched its new online Decision in Principle (DIP) and automatic-underwriting system to provide brokers with point of sale decisioning available 24 hours a day, 365 days a year. The system enables brokers to receive a real-time pass, refer or decline decision following completion of a short application process taking around […]
Small business sales suggest a gradual return to pre-Covid sales rates, the Small Business Index from Xero, reveals. The Index was unchanged at 86 points in May, reflecting that overall conditions in small businesses were steady despite the winding back of some business trading restrictions. The sub-metrics of the Index showed that while sales have […]
