Many small to medium sized businesses, particularly in the retail sector, have needed extra support regarding cashflow to keep their doors from closing permanently during the pandemic. Small businesses are increasingly looking to 365 Business Finance for flexible finance to help them, with the average merchant cash advance being slightly higher now than in previous […]
The value of all construction contract awards in 2020 was £57.0bn. Despite the challenges 2020 brought, this represents a slight decrease of 4.7% on 2019. Contract award values held steady in 2020, but the number of contractawards declined by just under 16%. The latest edition of the Economic & Construction Market Review from industry analysts […]
Local and national government need to empower the retail and leisure sector to save the British high street, say leading tax and advisory firm Blick Rothenberg. Mark Hart head of retail at the firm said: “The announcement by BooHoo that it has purchased the Debenhams brand is yet another example of an online business buying […]
Small and medium sized businesses that have suffered due to Covid-19 don’t expect to recover to pre-pandemic levels until summer 2022, according to new research published by Santander UK. With the UK now well into a vaccination programme that many hope will enable the economy to start reopening, ongoing cashflow issues and a decline in […]
Two Lanarkshire brothers have pursued their lifelong dream of opening a microbrewery thanks to Business Gateway support. Launched in November 2020 by brothers Ronnie and Kenny Lees, Outlandish Brewing Company launched its first range of Scottish craft beers in December 2020. Inspired by Scottish slang and humour, the beers are named after local lingo phrases […]
Fiduciam is extending its relationship with car manufacturer TVR through a further three-year £2m loan, under the Coronavirus Business Interruption Loan Scheme (CBILS). Fiduciam has been a financial backer of TVR’s project to launch a new car since 2016. In March 2016 Fiduciam granted a £6 million credit facility to TVR to allow it to […]
The property services industry stand to lose billions of pounds due to collapsed deals in the coming months due to the imminent stamp duty holiday cliff-edge, which threatens to deliver a considerable blow to the property market and the wider economy. According to property analysts Twentyci, one in five of the 457,358 purchases made subject […]
The Enterprise Investment Scheme Association (EISA), the membership organisation responsible for advising the government on the best conditions to encourage private investors to support growth businesses through the Seed and Enterprise Investment Schemes (SEIS and EIS), has written to the chancellor with a seven point wish list ahead of the forthcoming budget. Director general of […]
RSM Corporate Finance LLP has advised on the sale of Bristol Uniforms and Bell Apparel to US-based safety company, MSA Safety Inc. MSA has acquired Bristol Uniforms in its entirety as a going concern in a deal worth £44m, with 200 staff continuing in their current roles. The purchase enables Bristol Uniforms to enter […]
DF Capital, the newly authorised specialist commercial lending and personal savings bank, today announced that it has now supported over £1bn of sales to UK dealers and manufacturers since it started lending activities in 2017. In addition to this, the business has also raised over £145m of deposits since it launched its maiden, market-leading savings […]
