Link Waste Group, a jointly owned group of waste management specialists based across the North West, has secured a £2m asset-based lending facility from Cynergy Business Finance (CBF). Comprising Link Paper Recycling Limited and Link Recycling Limited, the group focuses on providing businesses with total recycling solutions for all waste products. Founded in 2015, the
Cynergy Bank has provided a £1.3m refinancing loan to Welsh commercial property developer DJE Property Holdings Ltd, to expand its portfolio with luxury residential retreats, boutique hotel, restaurants and a spa. The extended portfolio now includes two high quality assets: a luxury self-catering holiday let and popular Italian restaurant. The luxury detached residential property, Forest
Time Finance and Open InVoice Finance are pleased to announce that they have delivered a £1.1m asset based lending (ABL) facility to aid the expansion of a growing steel structural engineering firm in the South East of England. The business’s financial consultant, Open InVoice Finance, was brought on board to assist the engineering firm in
Aspen Bridging has launched its Summer 2023 Rates & Product Card with rates dropped by 60 bps across the board and 80% LTV reintroduced on its Development Exit & Refurb product. Flat Rates, across all product types including heavy works, are now available at 0.89% plus one month’s exit at 80% LTV, 0.89% at 75%
Time Finance, the alternative finance provider to UK SMEs, has achieved another lending milestone with the delivery of its first asset based lending (ABL) facility. The company, which is committed to providing flexible and innovative solutions to businesses across the UK, packaged and delivered a £1.1m ABL facility to a growing engineering firm specialising in
Start Up Loans, part of the British Business Bank, today announces that it has provided the East of England with over 7,300 loans worth more than £70 million from the programme since 2012. Essex has received the highest volume of loans (1,963), followed by Hertfordshire (1,593) and Norfolk (1,133). See below for a full breakdown
Cynergy Business Finance (CBF), the asset-based lending (ABL) arm of Cynergy Bank, has provided a £1.5m invoice discounting facility for family run Wakefield Shirt Group (WSG), to support the clothing manufacturer’s growth plans. Founded in 1940, during the Second World War, when cotton was in short supply, the Wakefield Shirt Group quickly gained a reputation
United Trust Bank (UTB) has surpassed £1bn of lending through it’s asset finance division. The milestone was reached at the end of March this year and follows a strong performance last year. In 2022 the asset finance funder delivered a third consecutive year of record breaking originations, increasing new asset finance lending by 42% year
Quantuma joint administrators have sealed a deal which rescued Southampton manufacturing business, Williams Aerospace. The sale of the business and assets coincides with a sale of the freehold property owned by holding Company, D&R Fripp Ltd. Quantuma director, Kelly Mitchell, and chief executive, Carl Jackson were appointed joint administrators of both companies on 2 February
Group’s fourth acquisition this year is eleventh in 12 months Azets, the UK top 10 accountancy group, has acquired Naylor Wintersgill, the £4m+ independent firm of chartered accountants, business and tax advisors, based in Yorkshire. The acquisition is Azets’ eleventh in 12 months, as the group continues to accelerate a multi-year M&A strategy to underpin
31/05/2023
Edition 307 – May 2023Another planet By Business Money group editor Robert Lefroy Receivables 2022...
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