The Kingmaker Group, a private equity firm specialising in engineering and manufacturing, has acquired Rowes Precision Products (Rowes) and Plating Technologies Limited (PTL), supported by a £1.4m invoice discounting facility from Cynergy Business Finance (CBF). Rowes is a turned parts manufacturer based in Derbyshire, specialising in precision turned and machines components. It supports industry by […]
Cashflows, the platform that makes it easy for merchants to accept payments, today announces that, despite more than half (52%) SMBs indicating that they would be open to switching payments providers, 78% do not know how to do so. The data suggests that businesses could be trapped in relationships with providers unfit to serve their […]
Despite the bleak economic outlook, investment in digital transformation remains top priority for businesses. According to RSM UK’s latest ‘The Real Economy’ report, over a quarter (28%) of UK businesses now consider digital transformation to be their single most important area of investment. A further 58% of businesses surveyed view digital transformation as among their […]
Cloud-native core banking engine, SaaScada, today announced it was selected by astrantiaPay to launch a Swiss point of contact for international businesses looking to open and run corporate bank accounts in Switzerland. Once regulatory approval is in place, astrantiaPay will provide mission-critical payment services to sophisticated Swiss, European, and global companies. “Promoting SMEs is high […]
A “difficult” 2023 lies ahead for the used vehicle sector but strong profits will still be possible, more than 150 delegates heard at the Vehicle Remarketing Association’s (VRA) Annual Seminar which took place on 22 November 2022. Philip Nothard, chair at the industry body said that speakers at the event had detailed a picture of […]
92% of SMEs say that rising costs are impacting their profitability – and 32% say it is a big problem, shows a new survey* by Moore UK, the Top 15 accountancy network. With UK inflation having hit a 41-year high of 11.1% in mid-November, businesses are increasingly struggling against a rising tide of costs. By […]
Thought Machine, the cloud-native banking technology company, today announces it is powering Trust Bank, the first of Singapore’s cloud-native digital banks. Trust is a rapidly growing digital-only bank with an exceptional user experience built in the cloud. Leveraging Thought Machine’s technology, Trust has designed a world-class solution with an intuitive customer experience combining best-in-market rewards […]
Progress updates for Pool A, B, C, D & F recipients The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pools A, B, C, D and F recipients, providing a summary of performance against their public commitments to the period 30 September 2022. During this reporting period awardees have continued to […]
Fleet Mortgages, the buy-to-let specialist lender, has today announced further rate cuts across its entire fixed-rate mortgage range for both 65% and 75% LTV. From today, advisers can access the new pricing, which has seen reductions of 20 basis points across the board. Rates now start at 5.49% for 65% LTV five-year fixes – available […]
With Companies House data revealing that Edinburgh and south-east Scotland have the highest percentage of female entrepreneurs in the UK, Wylie & Bisset, Accountants and Business Advisers, has welcomed the rise in the number of female-led start-ups while stressing the importance of cashflow as a critical factor of success in these challenging economic times. According […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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