Nearly half of small businesses asked in a poll are being forced to rely on savings to help stay afloat during the Covid-19 pandemic, according to a Hertfordshire challenger bank. A survey carried out by Redwood Bank in May has shown that 48% of senior executives and business owners say that money has been withdrawn […]
Epidarex Capital (“Epidarex”), a transatlantic life science venture firm, announces that it has closed Epidarex Capital III UK LP (the “Fund”) at £102.1m. The Fund will build new life science companies based on world-class research and innovation from emerging hubs across the UK, including spinouts from highly regarded universities. Typical initial investments will range from […]
A new study by Smallbusinessprices.co.uk takes an in-depth look at the world’s most profitable companies to find out which businesses and industries produce the most revenue per employee. You can view the graphic here. Employees are the backbone of any successful company and one way to measure the success of a company’s workforce is to […]
A Walsall based travel firm that has lost thousands of holiday bookings because of the COVID-19 pandemic has safeguarded its future and is continuing to support its customers, after securing £800,000 Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Parrys International Tours, which operates a wide range of luxury coach holidays, faced unprecedented circumstances […]
Thought Machine, the cloud native core banking technology firm, today announced it has teamed up with RegTech leader TruNarrative to provide Atom bank groundbreaking financial crime prevention and core banking capabilities. This partnership has enabled Atom to use the TruNarrative platform to conduct a full suite of real-time AML transactional monitoring processes built on top […]
The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic. The B&B, which opened its doors in 2015 following a major refurbishment, hosts six individually styled luxurious bedrooms and has won several awards, including being […]
Specialist lender, Shawbrook Bank, has enhanced its Property Finance division by expanding its product and proposition team with the announcement of two key appointments. Darrell Walker has been named head of product development & proposition and will oversee the division’s property lines as well as its development of the bank’s product strategy as a specialist […]
Funding of £6.4m has been secured by The Studios24 – the first company to deliver a major co-living development in the Midlands – it was announced yesterday. Cynergy Bank has agreed the refinance package for the London-based property company’s £12.5m residential development in Wolverhampton. The Studios24 has transformed a dilapidated 12-storey office building into one […]
The sole trader solution is a vital part of PagoFX’s roadmap, to accommodate everyone from freelance creative professionals, to tech developers, to microbusinesses and home crafters. Anyone can take advantage of PagoFX, regardless of the bank they use. In the near future the service will also be offered to small & medium size companies. PagoFX, […]
Alternative finance provider, Reward Finance Group, is enjoying a double celebration this month. As well as marking the first anniversary of the opening of its new Manchester office, it has also completed its 100th deal, bringing the total lending to SMEs in the region to £30m. Although the 11-strong team moved into The Lexicon on […]
