Atelier Capital Partners, the short-term lender, has announced three further hires, including Paul Silva as chief financial officer. The latest hires come shortly after Atelier made four high calibre additions to its credit and risk team in May. They are: Paul Silva, chief financial officer: joins from Puma Property Finance, where he was finance director […]
Metro Bank has announced that Martin Boyle has been appointed chief transformation officer. He will report to the CEO, Dan Frumkin and will be a member of the Bank’s executive committee (ExCo). Martin, an experienced change and operations leader with extensive retail banking expertise, joins from Nationwide Building Society, where he was chief transformation officer […]
Shawbrook Bank, the specialist SME lender, provided eacs with a multi-million pound senior cashflow loan facility for an undisclosed sum. Kevin Timms, CEO of eacs Ltd, said: “We are absolutely delighted to have been able to refinance the business in what is one of the most turbulent economic climates we have seen in our lifetime. […]
Andover-based e-commerce retailer Stack ‘m High has responded to a “crazy” increase in orders of its products, such as trampolines and inflatable swimming pools, with support from Lloyds Bank. Daily orders of trampolines alone tripled from around 200 to 600, as parents looked for ways to keep children active at home when schools closed and […]
Alternative finance provider, Reward Finance Group, which has offices in Leeds and Manchester, has posted record year-end figures for the ninth consecutive year. In the year ending February 2020, income increased by 16 percent from £12.8m to £14.9m with total lending growing by 12% to £78m. During the year 142 deals were completed, with client […]
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, announces a further and final issue of new ordinary shares of 10p each in the Company (“Ordinary Shares”) to satisfy the achieved earn-out consideration in respect of the Company’s historical acquisition of Positive Cashflow Finance Limited (“Positive”). The Company […]
Europe-wide research commissioned by innovative financial infrastructure provider Banking Circle has found that nearly two thirds (64.6%) of online merchants have needed extra finance in the past two years (excluding borrowing due to the current COVID-19 crisis). Nearly a quarter (23%) needed the additional funding to cover payroll, and a further 26.5% to cover regular […]
Loan covenant disputes caused by the coronavirus crisis are likely to impact almost all industry sectors in the coming year, unless lenders and investors work together to resolve problems caused by covenant breaches, says RPC, the City-headquartered law firm. RPC says more loan covenant disputes, outside of the real estate sectors, will occur as the […]
Specialist commercial finance broker, Christie Finance, supported new entrants to the market, Mark Pulman and Louise Smalley, in the purchase of Thelbridge Cross Inn, an authentic pub located in Crediton, Devon, that was brought to market by Christie & Co. Thelbridge Cross Inn is a picturesque country inn located amongst the glorious rolling hills of […]
DSW Debt Advisory – the new service launched just before the lockdown to help companies raise debt funding – has attracted another senior banking figure. Simon Carrier, who recently departed his post as regional managing director of Shawbrook Bank, has joined as a partner to help meet the growing demand. Simon’s 25-year banking career includes […]
