Three quarters of Brits (77%) say lockdown has prompted them to make new financial resolutions for the next three to six months, rising to a 9 in 10 people aged under 35 (91%) according to AA Financial Services. The new study suggests months of home isolation and an uncertain economy has created a fundamental shift […]
North East housebuilder Cussins is set to more than double its turnover by 2023 after securing a new £10m funding package from banking partner Lloyds Bank. The family-run firm, headquartered in Alnwick, constructs houses and apartments across the North East, specialising in mid-market three, four and five-bedroom detached properties. The support package – an increase […]
Clayton Glass Limited, one of the UK’s largest glass manufacturers, has secured new funding from Santander UK to support its growth following the acquisition of Global Glass brand in October 2019. Clayton Glass is a sealed glass unit manufacturer operating from the largest IGU manufacturing site in the UK, operating across four separate sites and […]
Reward Finance Group has appointed experienced funder, Simon Micklethwaite, as business development director for Yorkshire and the North East region. He joins the alternative finance provider with over two decades experience within the sector. Initially he spent more than 18 years in commercial banking with HSBC, prior to joining property lender, Roma Finance. Over the […]
The latest Bridging Trends report shows a 45% fall in gross bridging loan volumes in the first half of the year, as activity is dented by the Covid-19 lockdown. Over the six month period, bridging loan volumes declined by £167.88m to £202.26m, compared to £370.14m of transactions in the first half of 2019. The loan […]
87% of SMEs say they have been negatively impacted by the Covid-19 ourbreak, while 68% expect the impact of the pandemic to be a major barrier to their business going forward, according to the latest research from BVA BDRC. Nearly half of SMEs (46%) reported sales falling more than 50% already with an expectation of […]
Hardening yields on industrial distribution and multi-let assets, combined with signs that West End office yields may also be about to come in, keep the UK commercial property investment market on a stable footing, despite the all-sector prime commercial yield climbing slightly in July from 5.21% to 5.23%, says Savills in its latest Market in […]
The project, titled ‘Project Endeavour’, sees Christie & Co bring to market a selection of 37 Bargain Booze, Wine Rack, Select Convenience and Central Convenience stores from across the UK which no longer fit Bestway Retail’s future strategy. All of these stores were acquired from the Administrators of Bargain Booze Ltd in 2018 when Bestway […]
Metro Bank has announced fresh features on its mobile app, providing business customers with new receipt management technology. The features are currently available for customers using an iOS device, and the new technology will also be rolled out to Android customers in the coming weeks. The receipt management technology enables businesses to capture, store and […]
SPOKO, an app which offers instant international money transfers, is entering the UK market by targeting South Asian migrant workers looking to move money without the need for bank accounts and costly transfer payments, while also seeking partners to integrate its white label API service. Quick and cheap money transfers by the British-Polish fintech SPOKO […]
