Santander UK has provided MarineGuard Systems, a company designing, developing and installing marine security systems on superyachts and offshore facilities, with new government-backed banking facilities. The new arrangement includes the restructuring of the company’s working capital facility and an innovative bond solution to release funds otherwise tied up in ongoing contracts. The Southampton based company […]
As the nation struggles through another lockdown, the national discount scheme, My VIP Card, has published new data showing the true and shocking impact the pandemic and national lockdowns have on small businesses across the UK. 1 in 4 small businesses surveyed revealed the terrible news that they are on ‘borrowed time’ and fighting to […]
Due to the United Kingdom’s departure from the European Union, many salient London fintechs have been eyeing new locations to set up shop. With its rapidly growing fintech sector, Lithuania is shaping up to be the go-to destination for ambitious companies, looking to forward their expansion into the EU market. That said, the UK remains […]
Last week, Cabot Square Capital substantially increased its equity investment in Blue Motor Finance (Blue). This further round of investment demonstrates Cabot’s continued confidence in Blue’s business model and value potential. It follows the announcement in December of a new £300m financing facility with a leading international bank and provides Blue with sufficient funding to […]
Elevation Financial Group (EFG), a specialist consolidator of independent financial advisors (IFAs), is set for expansion as it prepares for an extensive acquisition programme following a funding boost. The firm, with offices in Birmingham, London and Nottingham, is set to double in size through the purchase and integration of four IFA practices as part of […]
The recent success of the UK vaccine roll-out has sent business confidence to a six-year high despite January’s lockdown measure, lifting the hopes of service sector firms across the country that have been forced to close. The latest data from IHS Markit has shown a decline in signals growth last month from 50 to 39.5, […]
Leading fintech platform, Funding Xchange, and global technology and management consultancy Capco are encouraging the financial services industry to recognise the importance of fintech lenders to small businesses as the government-supported Bounce Back Loan Scheme (BBLS) comes to an end. Expressing concern that an unintended consequence of positioning the availability of bounce back loans through […]
Brightstar Financial has joined the Mortgage Market Alliance (MMA). The award-winning specialist distributor, which is celebrating its tenth anniversary this year, has teams of experts to help brokers identify the best solution for their specialist cases. Brightstar Financial covers all areas of specialist property finance, including residential mortgages, later life lending, buy to let mortgages, […]
MT Finance’s newly launched regulated bridging offering has completed its quickest deal so far, a 10 day, £1.659m loan in partnership with Crystal Specialist Finance (CSF). The applicant had exchanged on a £4m purchase of a detached seven bedroom property in the South East, however the initial lender withdrew funding terms without notice meaning the […]
First Mile Ltd, provider of pay-as-you-go waste & recycling services to UK businesses, has been supported with £4m in refinance & working capital funding by leading alternative finance provider for mid-sized SMEs, ThinCats. First Mile was established in 2004 to revolutionise business sustainability, starting with waste and recycling, to “eradicate waste and make the world […]
