A specialist membership and insurance company for the health and beauty sectors has been able to secure all the jobs of its 14 staff during the coronavirus shutdown, after securing a Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank. Warwickshire-headquartered Associated Beauty Therapists (“ABT”) is the UK and Ireland’s largest beauty and insurance membership provider. […]
90%* of the £29bn of lending to UK SMEs in April and May was through the government’s emergency lending schemes of CBILS or BBLS, shows a study by Altenburg Advisory, the debt advisory specialist. Together with data from UK Finance showing that banks are currently dealing with 14 times their usual number of business loan/overdraft […]
In an industry first, the twelve major independent regional organisations representing the technology and business services sector across the world have united to launch The Global Technology & Business Services Council (GT&BSC) to represent the industry globally. These organizations who represent members across their respective regions who are both buyers and providers of services, have […]
BGF, the UK and Ireland’s most active investor, has invested £2.7 million in Stirling-headquartered family business, The Paint Shed, to expand its online presence and accelerate the roll out of additional stores. The funding will support the roll out of five new stores, with sites planned in Scotland and England. Meanwhile, the investment will further grow […]
The Emerging Payments Association (EPA), which celebrates collaboration and innovation across the emerging payments industry, has today launched Project Recovery to help the UK fintech make informed decisions and equip them to survive in the post pandemic world. Following the cross-sector existential threats imposed organisations from the Clovid-19 health crisis, alongside a surge in digital […]
The Government has asked the Office of Tax Simplification to review Capital Gains Tax (CGT). Changes are likely to be announced in the chancellor’s autumn statement and may see CGT and income tax rates aligned. That will have a significant impact for property investors, second homeowners, shareholders, entrepreneurs and family trusts, says accountants, business and […]
Despite increasingly difficult trading conditions and widespread uncertainly during the Covid-19 pandemic, SMEs are turning to Direct Debit as a means of collecting payments from their customers. Cambridgeshire-based Eazipay Ltd, a leading Direct Debit and automated payment processing company, has seen a growth in processing volumes and an increase in the number of new sales […]
A seven-figure funding package from Unity Trust Bank is enabling a responsible finance provider to support businesses that have been affected by the Covid-19 pandemic. Up to 20 SMEs across South East England will benefit after the commercial bank with a social conscience loaned £1.5m to Let’s Do Business Finance – an accredited lender of […]
Accounting for 50% of turnover in the UK private sector and three-fifths of employment, SMEs are the backbone of the UK economy and many are currently weathering unprecedented challenges and need help – and they need that help now. Bibby – as long-term champions of SMEs – has the experience and track record to help […]
Nivo has launched a new B2B digital messenger service as a direct result of feedback from its recently formed Second Charge Lenders Technology Steering Committee. Several members of the lender committee contributed to the development of the service with Optimum Credit, United Trust Bank and Freedom Finance already running cases. Conveyancer brands on Nivo, along […]
