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03/02/2021

FIS Chemicals secures additional funding from IGF for MBI and growth

Specialised chemical manufacturer, FIS Chemicals has secured a £1.7m asset based lending facility from Independent Growth Finance (IGF). The funds raised through invoice discounting and a property loan, were used to support an MBI and to provide working capital to support the growth of the business. Aberdeen-based, FIS Chemicals Ltd have been established since 1980 to design, formulate, manufacture and supply specialised chemicals to industry and commercial operations throughout Scotland, […]

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03/02/2021

Automation gathers pace aiding future scalability across Time Finance Group

Time Finance plc, the AIM listed independent specialist finance provider, is pleased to announce significant advances in the development of its digital capabilities with a number of new automated processes already implemented and more planned to be introduced shortly across the Group’s IT platforms. These will enhance automation throughout the Group’s product divisions and provide […]

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03/02/2021

MarketFinance Business Booster Fund announces first winners of grants

Fintech business lender MarketFinance has today made three grants of £5,000 each to winners of the MarketFinance Business Booster Fund. Over 500 virtual pitches were received and 5 were shortlisted. These businesses were put to a social media vote before three winners were selected. The three winning entries came from ethical breastfeeding clothing brand The […]

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03/02/2021

Entrepreneurs re-think investment priorities during lockdowns

Research by regional mid-market private equity firm YFM Equity Partners (YFM) has revealed a growing focus on culture and working practices, rather than simply valuation, after almost a year of interrupted working and repeated lockdowns. The survey polled over 120 entrepreneurs, advisers and dealmakers across the UK in December, and showed that the primary consideration […]

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02/02/2021

DF Capital employees raise £5.5K for Wood Street Mission

DF Capital, the newly authorised specialist commercial lending and personal savings bank, today announced that it is donating a grand total of £5,500 to Wood Street Mission as a result of its employees’ fundraising efforts over the past year. These funds have been earmarked for the charity’s ‘Family Basics’ 2021 project, whereby low-income families are […]

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02/02/2021

Confidence drops in Scotland as lockdown restrictions continue

Business confidence in Scotland fell 23 points during January to -32%, according to the latest Business Barometer from Bank of Scotland Commercial Banking. Companies in Scotland reported lower confidence in their own business prospects month-on-month, down 20 points to -27%. When taken alongside their views of the economy, down 25 points to -37%, this gives […]

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02/02/2021

To the lighthouse: Couple relocate 400 miles to take over ‘hidden gem’ coastal hotel

A couple have bought their dream property – a 19th century Scottish lighthouse keepers’ home – thanks to a commercial mortgage from specialist lender Together. The historic Corsewall Lighthouse was built in 1815 by the engineer Grandfather of renowned Treasure Island author Robert Louis Stevenson, and is perched on the northern coast of the Rhinns […]

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