Business owners have been warned they face losing tens of thousands of pounds if they accept ‘derisory’ initial offers from insurers who previously denied them pandemic payouts. In January, the Supreme Court supported the findings of a previous High Court judgment on the circumstances in which business interruption indemnities from the first coronavirus lockdown should […]
A family-run butchers in Dingwall will mark its centenary year (2022) with ambitious plans for growth thanks to £1m funding from Royal Bank of Scotland. John M Munro Ltd was formed almost a century ago and its 75-strong workforce distributes its fresh, quality meat across all of Scotland. Today, a fifth generation of the Munro family helps oversee six shops, an […]
The Greater Manchester Local Enterprise Partnership (GM LEP) is on course to fulfil a five-year commitment to delivering jobs and economic development through the Ggovernment’s Local Growth Fund (LGF). The government awarded a total of £493.5m over three Growth Deals to GM LEP between 2015-2021 for capital projects that will benefit the local area and […]
Specialist business property adviser, Christie & Co, has announced the sale of Ridgway Chemist in Stoke-On-Trent, Staffordshire, to Secret Potions Ltd. Ridgway Chemist is a community pharmacy which dispenses an average of 11,000 items per month. It is situated in a residential area in Stoke-On-Trent. The business was previously owned by founding Pharmacist, Mr Christopher […]
UK car production fell -14.0% in February, with 105,008 units leaving factory gates, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 17,163 fewer cars were made, representing an 18th consecutive month of decline and the weakest February performance in more than a decade as the impact of […]
London-based full-service law firm, Memery Crystal has become the latest professional organisation to join the Association of Short Term Lenders (ASTL) as an associate member. The law firm has a track record of acting for alternative finance providers, helping to develop their reputation and portfolio by delivering advice on creative security structures, lending terms and […]
More than a quarter (27%) of SMEs surveyed plan to invest more in their businesses in the year ahead than during a typical pre-pandemic year, underlining their focus on growth in a post-Covid-19 future, according to a recent survey by Virgin Money. Over a third (35%) of SMEs plan to invest between £10,000 and £10m […]
Prestige Funds, one of the leading specialist private debt investment managers in the UK, has launched the ‘Premium Alziraea Fund’, a Shariah-compliant real assets and project financing fund targeted at the renewables and agriculture sector in the UK. The new Cayman Islands-domiciled Fund will invest in a diversified portfolio of secured asset and project-based finance […]
Alternative Bridging Corporation has strengthened its underwriting team with the recruitment of Richard Claypole as its new head of underwriting. Richard, who has more than 30 years’ experience in financial services, will lead Alternative Bridging Corporation’s underwriting team, helping to further enhance the service the lender delivers to its intermediaries. He has a strong track […]
Mortgage Broker Tools (MBT) has named the top five buy-to-let lenders for affordability based on searches processed through the MBT Affordability platform in the last two months. Overall, the top lender for affordability on buy-to-let cases was Gatehouse Bank, followed by Tipton & Coseley Building Society in second place, and Hinckley & Rugby Building Society […]
