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 […]
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 […]
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 […]
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 […]
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 […]
The coronavirus pandemic has brought about chaos for many UK SMEs, but raw entrepreneurism has risen through the uncertainty as businesses adapt and pivot to survive. New research on the future of businesses from Cynergy Bank found that 70% of businesses have had to change their business model to survive during the pandemic. 9% have […]
DF Capital, the specialist commercial lending and personal savings bank, today announced its results for full year ending 31 December 2020. View full 2020 annual report and financial statements. Operational highlights DF Capital Bank Ltd, the Group’s subsidiary, received full authorisation as a bank in September 2020. Loan book growth was constrained during the year; […]
11 out of 14 UK sectors reported output growth in March, the highest since September 2020 and up from six in February and three in January 10 out of 14 sectors were ahead of the global benchmark in March, up from two in February, as 12 sectors reported an increase in job creation, the highest […]
Bridging lender, London Credit has launched a free CPD-accredited online training event for brokers on the differences between regulated and unregulated lending. The seminar, which features Ray Cohen, director at Jackson Cohen Associates, will help brokers to understand which loans are regulated, which are unregulated and which are exempt. It will explain why the difference […]
London Central Portfolio (LCP) issues its first lettings report for 2021 showing early signs of a recovery in the prime London market.This report analyses the performance of rental units in LCP’s managed portfolio. Marylebone and Pimlico were the ‘hotspots’ in Q1 2021 with over half of new applicants wanting to move to these areas. Only […]
