Academy Leasing (“Academy”), the specialist asset financier and part of the 1pm Group of Companies, has supported a Welsh-based cheese manufacturer secure a major supermarket contract. Academy has enabled them to invest in a vital piece of specialist equipment through the provision of a £77k asset finance facility. The family-owned business Blaenafon of Cheddar […]
Paragon Bank’s SME Lending division continued its support of UK small-to-medium sized businesses during the first half of its financial year with over £200m of new lending, the company announced today. The division lent £200.7m in the six months to the end of March 2020, growing its net loan book to £606.6m. Paragon’s pre-tax profits […]
Covid-19 containment measures around the world have impacted both national and international supply chains and trade. Responses to the 2020 Atradius Payment Practices Barometer (PPB) survey in Asia suggest the resulting delays in payments are largely being financed by suppliers as the use of trade credit in most markets surveyed, and along with it, payment […]
Corporations in the United Arab Emirates expect increased delays in payments from customers, a growing risk of default and an overall weakening in business performance as the country copes with the disruptive impact of Covid-19, according to Atradius’ latest Payment Practices Barometer survey. With an economy struggling from the collapse in oil prices and major […]
Construction sites have returned to work after the initial impact of coronavirus. But new research from the Centre for Policy Studies shows that they are simply finishing off existing projects. Cautious estimates suggest housebuilding could fall by around 38% over the next year, leading to 76,000 fewer homes being built. The impact could be far […]
United Trust Bank (UTB) has completed a £10.9m Investment Term Loan for an existing customer affected by the Covid-19 lockdown. Successful property investment business and landlord, Rosewall Properties Limited, typically acquires properties, in this instance a redundant office block, adds value via planning enhancements, before converting/developing and then retains the completed scheme in its substantial […]
Flexioffices have partnered with Smart Viewing to deliver a bespoke platform to the flex office space sector enabling online guided viewings. The interface combines a two-way voice and video link with a central screen displaying 360-degree virtual tours, static images or video controlled by the office owner. The impact of Covid-19 has been profound. Physical […]
Avamore Capital has appointed VAS Panel to run alongside its own in-house panel management database. Under the terms of the latest agreement, VAS Panel’s comprehensive database will be used in core geographical areas to ensure the most relevant third-party RICS-qualified surveyors are instructed based on location, deal type and value. To maintain high reporting standards, […]
Specialist social impact lender GC Business Finance has provided AWT International with a five-figure Northern Powerhouse Investment Fund (NPIF) loan using backing from the Coronavirus Business Interruption Loan Scheme (CBILS). Radcliffe-based AWT International manufactures racking trolleys specifically for glass handling equipment. Its products include a range of glass and profile handling equipment ranging from racks, […]
Asset-based lending specialist, BREAL Zeta Commercial Finance is delighted to announce the appointment of Mike Bryon as a credit analyst. BREAL Zeta offers structured asset-based lending facilities up to £150m hold level. ACA and CFA qualified, Mike is a highly experienced finance credit analyst with over 12 years’ commercial and corporate finance experience gained at […]
