Rental growth continues to roar ahead across London, according to the latest prime rental indices from property firm Savills, underscoring the strongly recovering demand for accommodation in the UK capital in a still stock constrained market. Prime London rental values increased a further +3.3% in Q2 2022, taking annual growth to +13.5%. This annual growth […]
British Business Investments today announces a £20m commitment to funds managed by Beach Point Capital Management (Beach Point). Beach Point has successfully run funds in the United States and Ireland and is now expanding into the UK market. This commitment by British Business Investments will enable Beach Point to make investments of between £2m and […]
In a new report by IMRG and Justt, 1,000 UK-based respondents aged 18+, were asked about their shopping and credit card chargeback habits. Credit card chargebacks hurt retailers, as credit card issuers demand a reversal in payments (usually returning the money to the cardholder) due to a disputed transaction. The survey found that 44% have filed […]
Open banking maturity has soared across Europe over the last 12 months, according to new research published in Yapily’s annual European open banking league table. Combining expertise, knowledge, and experience with data from its open banking platform, Yapily has ranked 18 European countries on a 10-point scale according to the maturity of open banking in […]
Allica Bank – the fintech challenger bank dedicated to serving and supporting Britain’s established small and medium sized businesses – has today announced that it has reached its largest milestone yet with over £1bn in loans to Britain’s SMEs as at end June 2022. Allica is no stranger to setting, and achieving, ambitious targets for […]
A former surveyor who was inspired to transform a skip hire business into a recycling and waste management facility after renovating his own home is expanding his operation thanks to a £1.8m refinance package from Unity Trust Bank. Julian Knights, who set up Radical Waste Group in 2015, has used the funding to consolidate the […]
Secured lending newcomer Bergen Finance has lent more than £29m in its first six months of trading, with a further £40m in legal diligence. Bergen, which is headquartered in London and has offices in Leeds and Manchester, provides real estate-backed loans to a diverse range of corporate borrowers and has already completed loans in all […]
Specialist marketplace lender Assetz Capital have provided a £1.2m development loan to experienced developer CJC Estates to build four high end homes in Aberdare, South Wales. Located in the village of Llwydcoed, one mile north of Aberdare, the developer plans to construct four 4-bed detached residential dwellings on a plot of land acquired in 2019. […]
With over 20 years’ experience, this company primarily manages wet waste management services such as drainage, sewers and road sweeping for a variety of customers, including local councils, blue chip clients and emergency and residential clients. The business was looking for a funding solution which would enable them to purchase a new hard asset to help streamline […]
Half (50%) of Swiss shipping organisations and 38% of their UK counterparts have lost business because they were unable to demonstrate compliance with sanctions requirements, reveals new research by Pole Star, the global leader in vessel-tracking, sanctions screening and regulatory technology. In addition, the research also found compliance departments in UK trade finance organisations on […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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