Birmingham and London-based Offa, the UK’s first Shariah-compliant bridging lender, today announced it has agreed a significant funding line from the Shariah-compliant bank, Gatehouse Bank. Since it launched in the Autumn of 2019, Offa has seen strong demand for its residential and commercial bridging finance products which range from £100,000 to £10m and have a […]
1pm plc is delighted to announce that it has secured increased levels of financing with one of its primary funders, NatWest. The now £42m facility will further enable the Group’s invoice finance division to help more UK businesses looking to access finance to support their business growth. 1pm is keen to meet the growing demand […]
Leumi UK, the London-based subsidiary of Israel’s leading international bank, has closed a deal with hotel group Shiva Hotels to finance its latest high-end development, Middle Eight. Situated on Great Queen Street, between Holborn and Covent Garden, the hotel has been branded a “sustainable luxury lifestyle hotel” – featuring 180 bedrooms, 12 suites and multiple […]
Two-thirds of small businesses want the government to take concrete action on improving access to finance iwoca’s small business customers support measures on business rates and skills, but have not warmed to Boris Johnson’s election pledges on infrastructure Small businesses in iwoca’s community also voice concerns about policies which would increase costs, such as […]
The boutique fitness market in London is continuing its rapid expansion, reports international real estate advisor Savills, with 29 new sites opening in 2019 and a number of high profile openings lined up for this year, including US indoor cycling phenomenon SoulCycle in Chelsea and Marylebone and global fitness brand F45, which recently opened a […]
Kingsway Asset Finance has announced an extension to their commercial loan product portfolio. The Cheshire-based company, who became part of the Praetura Asset Finance ‘PAF’ Group at the beginning of last year, are now offering an expanded version of their commercial loan product, where taking security against domestic property, in addition to the current personal […]
Financial performance reflects a challenging year Balance sheet strength retained Strong annual growth in customer accounts Ambition to become the UK’s best community bank Summary: Underlying loss before tax of £11.7m (2018: £50m profit) reflecting balance sheet strengthening actions, IFRS 16 impact and debt interest expense. Statutory loss before tax of £130.8m (2018: £40.6m profit) […]
The Board of Banking Competition Remedies Ltd (BCR) today publishes the third update from Pool A recipients, second update from Pool B and D recipients and first update from Pool C recipients, providing a summary of performance against their public commitments. The public commitments updates indicate that mobilisation of the awardees is now firmly moving […]
Overall business confidence remained high in February, maintaining its surge since January, according to the Lloyds Bank Commercial Banking Business Barometer. The survey showed that overall business confidence remained at 23%, having risen for five consecutive months to January’s a 14-month high, and rising back towards the long-term average of 25% . Within that, firms […]
Wesleyan Bank has introduced new security options to enhance its commercial mortgage solution for businesses who wish to acquire or re-finance commercial premises. The specialist finance provider offers loans up to 85% LTV (loan-to-value) on commercial property, for owner-occupied trading premises and for those being purchased as an investment. Under the terms of Wesleyan Bank’s […]
