The call by restaurant chains and others to the government to extend the ban on the collection of rent on commercial properties such as shops and cafes completely ignores the plight of the landlords of these premises, say leading tax and advisory firm Blick Rothenberg. Head of property at the firm, Heather Powell said: “ […]
New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open banking, going beyond compliance and prioritising investments in improving the digital customer experience. According to previous research from Tink, UK financial institutions are spending more in open banking than in any other […]
Watts Commercial Finance has expanded their UK presence with the exciting opening of their Scotland office and the appointment of two Scotland based commercial managers. Alongside the appointment of two stalwarts in the banking industry – Emma Ross and Dean Thomson – the move also fills a niche in the Scottish commercial finance market and […]
SMEs across the UK have had to tear up business succession plans due to Covid-19, according to research from Nucleus Commercial Finance. Prior to the pandemic, over a third (35%) of SMEs had hopes of selling their business in the next two years, but these have been significantly impacted with many having to shelve their […]
Leading alternative lender to mid-sized businesses, ThinCats, has supported the largest independently owned greetings card publisher in the UK, Carte Blanche Greetings (CBG), with £2.3m CBILS funding to provide working capital. Founded in 1987 with a range of just 12 cards, Carte Blanche Greetings is now an award-winning creator, distributor and licensor of character-branded products, […]
Catherine Lewis La Torre, CEO, British Business Bank, said: “The Bank and our role within the UK economy has been thrown into sharp relief as we continue to work as a trusted partner of government to create the conditions for improved access to finance that will enable smaller businesses to stabilise, prosper and grow. “The […]
A new study, commissioned by business bank, Allica Bank, shows that the practice of regular training correlates strongly with high performance in SMEs and will be vital to businesses’ prospects of a swift recovery post-Covid. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, […]
Over the past two years, PiLON has seen its revenues more than double, putting significant pressure on an existing funding facility that was no longer able to keep pace with the intensity of customer demand. Arbuthnot Commercial ABL was able to structure a working capital facility, comprising a £3m revolving receivables finance line which would […]
The UK insolvency statistics for August 2020 show that corporate insolvency levels remain at very low levels, some 43% lower than in August 2019 (1,369 August 2019, 778 August 2020). The sharp and sustained decline in insolvencies since the start of the pandemic is the direct result of the huge level of support provided by […]
Judgment has today been handed down in the much-publicised business interruption insurance (BII) case which considered whether various BII policies provided cover in relation to the Covid-19 pandemic. Fran Tremeer, a solicitor in the Dispute Resolution team at Royds Withy King comments: “Overall, the case is a welcome decision in favour of policyholders and businesses, […]
