Overall business confidence improved by three percentage points in June, the first increase recorded since January, according to the Lloyds Bank Commercial Banking Business Barometer. Despite still sitting in negative sentiment, the increase is the highest level seen since the start of the pandemic in March, however, confidence remains well below levels seen before the […]
The chancellor of the exchequer today announced that the Future Fund is being expanded to accommodate businesses that contribute significantly to the UK economy, but do not have their parent company based in the UK because they participated in a non-UK based accelerator programme. Accelerators are open and competitive programmes which are designed to select […]
FCA warnings about sub-prime lending and debt management scams are up 85% to 24 during the three months of lockdown compared to just 13 in the same period last year*, as fraudsters look to capitalise on Covid-19 financial stress, says accountancy and business advisory firm, BDO LLP. The increased numbers of fraudulent or unregulated lenders […]
Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of a 95-day notice account for business savers, further extending its range of financial products designed to support businesses. The new account will offer a variable rate of interest, which currently sits at 1.00% […]
New insolvency laws will push banks with claims against insolvent companies to the front of the queue, over-riding the new moratorium on creditor actions, say accountants Mercer & Hole. Chris Laughton, a corporate restructuring partner at Mercer & Hole explains: “The Corporate Insolvency and Governance Bill, which is expected to receive Royal Assent this week, […]
Trade Ledger, the global banking platform, and Equifax, the consumer and business insights expert, have announced an extended partnership for the UK market which will bid for the BCR Capability and Innovation fund. The fund is part of the RBS Alternative Remedies Package, designed to improve the financial products and services available to small and […]
North West bespoke property developer Northern Property Consortium (NPC) has agreed a deal with Yorkshire-based SME funding specialist One Stop Business Finance to push forward with its third new housing development this year valued at £750,000. The development of two bespoke four-bedroom new homes in a highly sought-after location near Hyde, Greater Manchester marks an […]
Aldermore bank has appointed Iain Bryson as its new head of development and specialist property within its commercial real estate team. Iain has over 35 years’ experience in the commercial real estate sector, most recently working at Europe Arab Bank, part of the Arab Bank group, as head of real estate finance. Prior to working […]
Throughout the Covid-19 crisis, small businesses have had to continually adapt their business models to survive. Many are facing untold challenges in the wake of changing consumer behaviours and supply chain disruption, while others have been able to find opportunities to adapt and grow despite the disruption. Sara Roberts, founder of Healthy Nibbles, a Scottish-based […]
Lendlord has launched an enhanced Property Deal Analyser as part of its portfolio management platform for landlords. The online portfolio management firm has built a tool that helps landlords and property investors to evaluate potential acquisitions as well as evaluating the potential performance of their existing portfolio for both the short term and the long […]
