Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £3m loan to build a sustainable residential development in the historic market town of South Molton. The project is being led by experienced property developer Jamie MacDonald-Murray, founder of Talo Homes, which is exclusively focused on delivering affordably […]
Barrow-upon-Humber based business, Holistic Fire Safety Limited, has secured a £25k Bounce Back Loan from Santander UK to meet growing demand as workers across the UK return to the office. Entrepreneur and fire safety expert William Davidson founded the business at the end of 2019 and had been operating for just eight months before coronavirus […]
Leading strategic infrastructure projects and physical asset lifecycle management company InfraStrata plc has acquired the historic and highly strategic Appledore Shipyard in North Devon in a £7m deal. The UK-based, London Stock Exchange-listed firm specialises in the development, commercialisation and operation of advanced, high-value, strategic infrastructure facilities. The new deal follows InfraStrata’s acquisition of the […]
Unity Trust Bank, the specialist commercial bank, has reported an increase in total net lending of more than £50m in its half year results. With many businesses facing uncertainty following the outbreak of Covid-19, Unity has focused on supporting its customers, with a 10% increase in lending. Despite the effect of the pandemic, pre-tax profits […]
The British Business Bank’s Start Up Loans (SUL) programme has announced it has issued its 75,000th loan, marking more than £623m invested in small businesses since its launch in 2012. Start Up Loans saw a significant rise in loans issued since the start of the pandemic in the UK. May to July 2020 saw a […]
Arbuthnot Latham Commercial has provided a commercial loan of £2.2m for Homesave UK Limited, helping the company to transition its business model from aparthotels to apartments, under its new HY Lettings Brand. The company, which has operated aparthotels since 2010 looked to the loan to preserve cashflow during the process, whilst also refinancing its debt […]
Manx Financial Group PLC (LSE: MFX), the financial services group which includes Conister Bank Limited (“Conister”) and Conister Finance & Leasing Ltd (“CFL”), is pleased to announce significant government approved appointments in the Isle of Man and the UK. In the Isle of Man, Conister have been working closely with the government to assist local […]
Today the British Business Bank has announced that it has approved BLG Development Finance, Conister, RM Funds and Western Union Business Solutions for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS). These new CBILS lenders will be able to provide finance to smaller businesses with turnover of up to £45m that are suffering disruption […]
A phone recycling comparison business is set for further growth after buying its Maidstone headquarters with the support of Lloyds Bank. Kent-based Compare and Recycle has bought Sterling House on Ashford Road, where its team has been based for the last six years, thanks to a funding package from its longstanding banking partner. It now […]
HM Treasury figures published today reveal that over 1.23 million businesses in the UK have now been supported by lenders through government-backed coronavirus lending schemes. 17 million small and micro businesses have accessed a loan through the Bounce Back Loan Scheme (BBLS) to help support them through the pandemic. Over 60,400 businesses impacted by Covid-19 […]
