Payment holidays – while supporting some businesses through the current crisis – may be the death knell for those that have offered them. A survey of members of the Chartered Institute of Credit Management (CICM) suggests that of the 83% of firms who had offered a payment holiday, two thirds (66%) said there would be […]
By Simon Lenney, independent chairman, Mavenbonds.co.uk If Britain is to climb out of the economic black hole it finds itself in due to the coronavirus pandemic, it will need its army of SMEs (small and medium-sized enterprises) to come to the rescue. This important sector of the business community is agile, adaptable and innovative enough […]
An animal sanctuary in the Brecon Beacons is preparing to re-open in good health, following support from Lloyds Bank and the general public. Wales Ape and Monkey Sanctuary, which is home to more than 200 rescued animals, has secured £50k of emergency funding via the government’s Coronavirus Bounce Back Loan scheme for small businesses. The […]
Today the British Business Bank has announced that it has approved Funding Circle for accreditation to the Bounce Back Loan Scheme (BBLS), and Maven Capital Partners and Satago for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). Funding Circle will join the other 23 BBLS lenders who have been accredited since the scheme opened. […]
Independent invoice financier, Bibby Financial Services (BFS), provided £40m in new funding facilities to corporate businesses throughout June as it continues to grow its support for larger SMEs. In a record month, BFS’s Corporate team structured several high profile transactions, including a £9m refinance package for Currie European Transport Ltd, a transport and storage solutions […]
Able Waste, a Croydon-based waste management company, has secured a £300k CBILS loan from Santander UK. The loan has enabled the business to continue to trade and to retain staff through a challenging period of uncertainty. The company, which was founded in 2012 and employs over 30 people, provides skip hire, waste collection and waste […]
The national firm of surveyors Naismiths has appointed Kevin Marshall as a director of building consultancy, as part of a strategic expansion. The firm, which in 2019 achieved annual revenue growth of 26% and expanded its team of chartered surveyors by 37%, is now ramping up its expert witness and dispute resolution capability in response […]
Research from Signicat, the Trusted Digital Identity™ company, has revealed that 41% of consumers across Europe have been unable to access new financial services thanks to a combination of pandemic lockdown restrictions and lack of access to digital options. The research of over 4000 consumers also discovered that two-thirds expect improvements following these poor experiences. […]
Shops in England reopened 15th June, in Northern Ireland 12th June, in Scotland (mostly) 29th June, and in Wales 22nd June. UK footfall decreased 49.6% year on year during the third week of reopening in England and NI. This compares to a decrease of 53.4% year on year for the previous week. Footfall on high […]
Aspen Bridging has reported June 2020 to be one of its best months on record, approving £294m of deals across 382 cases. The figures are up from £107m across 219 cases in May 2020, representing a 175% and 74% increase respectively, while the business also achieved even greater growth of 301% in new lending month-on-month. […]
