In their annual SME financing research conducted by Linkflow Capital, more than half of SMEs experienced improved access to financing in 2020, a significant increase from 39% in 2019. According to Linkflow Capital, up to 52% of SMEs were eligible for financing in 2020 with an average loan quantum of $310,909 secured within their platform, […]
Service has become a bigger consideration for most buy-to-let advisers in the last six months, according to research by Pepper Money. In a recent survey of advisers active in buy-to-let, Pepper Money found 82% said that service had become a bigger consideration in their product recommendations. When asked what they considered to be the most […]
A Freedom of Information request to the British Business Bank has revealed the high personal risk the owners and directors of smaller businesses have taken to secure funds through the Coronavirus Business Interruption Loan Scheme (CBILS). The request by Purbeck Insurance Services, provider of the UK’s only personal guarantee insurance to SME business owners and […]
Mizen Group has successfully completed a mixture of residential and mixed-use property developments to expand its portfolio across London in schemes totalling almost £19m. The developments – including twin sites providing 12 family homes in the heart of Fortis Green and Finchley, North London together with 30 flats and two retail units in Sutton, South […]
Paragon Bank has provided an £5.4m funding package to Hawthorne Meadows Homes Ltd, part of Ground Group Ltd, to support a Derbyshire-based housing development of 39 homes. The funding from Paragon’s Development Finance division has enabled the second phase of development of 39 two, three and four-bedroom new homes at Hawthorne Meadows, Barlborough. Hawthorne Meadows […]
Calverton Finance provides working capital facilities to owner-managed businesses throughout the UK. The firm also specialises in financing clients in the recruitment, transportation, media and advertising sectors. As part of Cubitt, Calverton will be able to better serve its clients with stable, scalable, and flexible capital solutions. Cubitt is a UK based speciality finance company […]
The UK’s used car market declined in 2020, down -14.9% according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). 6,752,959 used car transactions took place, 1,182,146 fewer than in 2019, making 2020 the lowest performing year since 2012 as lockdown measures to tackle the coronavirus pandemic and turbulent […]
Simply, the SME funder, today announced that it has received an increase to its allocation under the Coronavirus Business Interruption Loan Scheme (CBILS). With this addition, Simply aims to support SMEs in the UK that have been impacted by the pandemic. Accredited by the British Business Bank as a lender under the Coronavirus Business Interruption […]
Covering the four weeks 3 – 30 January 2021 On a total basis, sales decreased by 1.3% in January, against a decline of 0.4% in January 2020*. This is below the 3-month average growth of 0.6% and above the 12m average decline of 0.4%. UK retail sales increased 7.1% on a like-for-like basis from January […]
Surface Transforms, which manufactures next-generation carbon ceramic brake discs for the automotive and aircraft industries, has raised £20m to expand its manufacturing capacity and meet growing demand from automotive customers in a financing round led by Zeus Capital. The raise follows a successful 18 months for Surface Transforms, in which it has secured contracts to […]
