A Manchester giftware supplier has strengthened its financial standing with the support of a seven-figure funding package from Lloyds Bank. Based in Oldham, Widdop Bingham specialises in the design, import and export of home and giftware products for household name retailers. Having been established as a manufacturer of fine clocks and watches in 1883, the […]
Fintech business lender MarketFinance has secured an additional £50m from a range of investors including one of Israel’s largest asset managers, Viola Credit, to lend to UK SMEs under the HM Treasury and British Business Bank CBILS initiative. The announcement comes as MarketFinance launches a “unified application” process in which SMEs will, through one […]
The Board of Banking Competition Remedies Ltd (BCR) today publishes the fifth update from Pool A recipients, fourth update from Pool B and D recipients and third update from Pool C recipients, providing a summary of performance against their public commitments to the period 30 June 2020. The updates of those awarded, their original commitments […]
Revenues at Congleton-based refurbishment business, Interefurb Limited, have soared over the last quarter following a £50,000 Northern Powerhouse Investment Fund (NPIF) loan backed by CBILS from specialist social impact lender, GC Business Finance. The loan was provided by NPIF – BFS & MSIF Microfinance, which is managed by GC Business Finance and MSIF and part […]
Family-run business, Media & More, specialists in printing, branded workwear and website design, has secured a £35,000 Bounce Back Loan from Santander UK. Based in Reigate, Surrey, the business will use the funding to increase its service offering – including shop front signage and vehicle sign writing and increase its workforce to meet growing demand. […]
Buckshaw Bunnies Childcare was established in 2012 by Laura Ward and Annemarie Capper, who have more than 20 years’ experience working in childcare. In 2014, the business moved to Gelston Manor in Buckshaw Village and occupancy has grown to 99 children aged 0-5 years per day. In 2018 the business secured a £980,000 funding boost […]
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 […]
July 31, 2020
Edition 286 – June/July 2020
More questions than answers By David Grosse, of Number Eight Business Finance...
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