Alternative lenders should be included alongside the pillar banks as channels for the expansion of the government’s lending support for SMEs that is urgently needed, according to Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform. The company says that it is vital to ensure funding is deployed rapidly, and that this will be helped by […]
Leading RegTech companies, Kompli-Global and ComplyAdvantage have entered into a strategic partnership to take the fight to fraudsters and money launderers. Kompli-Global has just launched the most comprehensive remote corporate onboarding platform called Kompli-QED™ that offers the powerful combination of its own unique proprietary solutions alongside services from best in class third party providers. Jane […]
Spectrum Cleaning Solutions is targeting revenues of £5m as it diversifies into the online space following a £100,000 CBILS-backed loan from NPIF – BEF & FFE Microfinance, which is part of the Northern Powerhouse Investment Fund. The Scarborough-based company is traditionally a B2B cleaning and hygiene product distributor. The family-run business has supplied cleaning products […]
The number of companies entering insolvency procedures in the first quarter (Q1) of 2020, according to figures released by the Insolvency Service today, decreased when compared with the previous quarter (Q4 2019) and the same quarter last year (Q1 2019). There were 3,883 total company insolvencies in Q1 2020. Insolvencies decreased by 8.5% from Q4 […]
Gener8 Finance, the invoice finance provider to small businesses across the UK, have supported a fashion and textile manufacturer with a £400,000 cashflow finance facility as they use the funds to manufacture essential personal protective equipment (PPE) for the NHS. In a bid to support frontline staff as they battle against the covid-19 health crisis […]
The banking and finance sector has provided over £4.1BN to SMEs so far through the Coronavirus Business Interruption Loan (CBIL) scheme, UK Finance reveals today, as part of a broad package of support to help businesses through these tough times. Over £1.33bn of loans have been approved in the week from 21 April to 28 […]
The CBI’s monthly Distributive Trades Survey (conducted between 27 March 2020 and 15 April 2020) reveals that retailers expect a similar pace of decline in annual next month – the weakest expectations in survey history. Orders placed on suppliers in the year to April also fell sharply, with a similar decline expected next month. Retail […]
RICS urges government to re-examine commercial use classes to aid flexibility of use going forward, as the Q1 2020 RICS UK Commercial Survey results point to a sharp deterioration in market sentiment, particularly in retail. Following what appeared to be a promising start to the year for the commercial market, social distancing measures and forced […]
Jes Staley, Group CEO said: “Barclays is committed to supporting its customers, clients and the UK economy through the crisis. Despite the macroeconomic downturn caused by the COVID-19 pandemic, the Group’s position remains robust, reflecting our diversified business model” “An event like the COVID-19 pandemic makes everyone focus on what’s really important right now. For […]
The fear of missing out (FOMO) is likely to drive financial markets significantly higher in the coming weeks, predicts the CEO of one of the world’s largest independent financial advisory organisations. The prediction from Nigel Green, founder and chief executive of deVere Group, which has $12bn under advisement, comes as global stocks scored significant gains […]
