The number of registered company insolvencies in March 2021 was 992: 20% lower than the number registered in the same month in the previous year (1,236 in March 2020), and 37% lower than the number registered two years previously (1,586 in March 2019). For individual insolvencies, the number of bankruptcies in March 2021 was 1,028, […]
Accelerated Payments today announced it has advanced €300m worth of invoice financing to SMEs across the UK, Europe, and North America since its inception. Despite the challenges of Covid19 many businesses have continued to grow through the support of Accelerated Payments, which provides a critical lifeline to manage cashflow challenges. Founded in 2017, Accelerated Payments […]
Aldermore bank has become the latest lender to join the Mortgage Market Alliance (MMA). Aldermore bank provides specialist finance to business owners, homeowners and landlords, car owners, and support savers to back them to fulfil their hopes and dream. Aldermore bank’s experienced underwriters take a flexible and human approach to every mortgage case, lending to […]
#3rdGen lender, Octane Capital, today announced its entire buy-to-let product suite, which has a pay rate starting at 3.99%, is open to all brokers with immediate effect. Previously, loans starting from £150,000 within Waves 1 and 2 were available on a semi-exclusive basis only. Octane’s highly popular buy-to-let product requires zero stress-testing, which is one […]
Welsh bank Hodge has made a landmark investment in up-and-coming payment platform Yoello. The investment will help the Wales-based fintech continue its accelerated growth of their mobile payments and banking platform. This investment has landed at a fantastic time for Yoello, with the multi-award winning company making further headway in UK markets and international expansion. […]
Bakker Magnetics is starting the production and assembly of the magnetic modules which will power the GE Renewable Energy turbines for the world’s largest offshore wind park. SME finance specialist Caple has facilitated €3.9m in funding for this Dutch company from Brabant. The loan for the project was provided by BNP Paribas Asset Management. The […]
Private-Equity backed Access Partnership is set for a period of sustained expansion by acquisition following an undisclosed investment from Shawbrook Bank. The international firm, also backed by Mobeus Equity Partners, specialises in shaping international public policy for the global technology sector. The Group has witnessed rapid growth in recent years, driven by market dynamics around […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has delivered a seven-figure refinance deal to support the continued growth of Connaught Access Flooring Limited (“Connaught”). Andy Collins, Connaught Access Flooring’s managing director, recently acquired the business from AIM-listed Mountfield Plc. The flexible funding facility structured by Arbuthnot Commercial ABL, which was split equally between an invoice discounting […]
Addition Capital, the London-based family investment office, has completed a control investment into Be-A Education Ltd, supported by funding from Shawbrook Bank. Hertfordshire-based Be-A Education is the operator of the highly successful and fast-growing New Skills Academy and Staff Skills Training businesses with a mission to make learning accessible to consumers and businesses globally. To […]
Zephyr Homeloans, the specialist buy-to-let (BTL) lender owned by Computershare, has increased its limited company conveyancer panel to eight firms. The change means that landlords and brokers can now access a more comprehensive range of solicitors and law firms when using Zephyr’s products. Paul Fryers, managing director at Zephyr Homeloans, said: “We know that brokers […]
