An engineering firm, which prefers to remain anonymous, had built an excellent reputation as specialists in the design, manufacture and installation of steel chimneys, as well as structural and architectural steelwork. Sadly, the uncertainty surrounding Brexit led to a fall in orders, added to which, contractual problems with a particularly large project caused cash flow […]
Santander InnoVentures, Santander Group’s fintech venture capital fund, has announced today it is leading an expansion funding round for cloud-based digital lending platform Roostify, which enables mortgages to be done via smartphone. Santander first invested in the company in February 2018 and this is its second investment. Founded in 2012, Roostify’s integrated digital lending platform […]
Lytham St Annes based energy and utility management specialists British Independent Utilities (BiU) will continue to increase its share of the corporate energy sector with a new tranche of funding from Santander Corporate & Commercial. The funding will enable the team to continue its investment in new service lines and technology, whilst optimising its business […]
A well-known Llanberis hotel has tripled its turnover, thanks to funding deals worth more than £85k in total, secured by finance specialists, Bathgate Business Finance. The Padarn Hotel received a transformational overhaul after being purchased by entrepreneurial couple, Lesley and Simon Wilson in 2016, with turnover now three times higher than when they acquired the […]
Together has completed a £2m bridging loan to keep a property investor’s plans on track. The customer was up against a tight deadline to complete the purchase of a Victorian grade II-listed former malt house, which was built in 1864 and had been previously converted into offices. His property investment company had a bridging loan […]
‘Product-less’ lender, Octane Capital, today announced it has passed £250m of redemptions since launching in 2017, with £125m in 2019 alone. A significant 40% of the redemptions since launch have been by way of sale, with 90% of the loans with a sale as their intended exit managing to achieve it, the rest refinancing. The […]
One of the region’s fastest growing automotive parts companies has expanded into new premises, following a £2.4m investment by the West Midlands Combined Authority (WMCA). Mayor of the West Midlands Andy Street, who chairs the WMCA, was given a tour of the new Park Sheet Metal base at Bermuda Business Park in Coventry to see […]
Secure Trust Bank Commercial Finance has provided a £12m structured cashflow facility to Expert Tooling, a prime solution provider for bespoke tooling and automation systems. Established in 1972, Expert provides assembly tooling, special purpose machinery and robotic automation products to the automotive, aerospace, machine tool and transport industries. The company is the UK’s largest Robotics […]
Glasgow-based audio-visual integration specialist SSUK, has secured new international and local customers following a six-figure finance package from Santander UK. SSUK is a leading specialist in providing Audio visual and lighting solutions – such as interactive technologies, meeting room solutions, signage screens and video walls – for businesses across the UK. A £500,000 invoice […]
Enquiries into Hope Capital are up 61% in the third quarter this year, from July to September, compared to the previous quarter. Not only are enquiries up but the number of loans granted in September is double the average for any month in the previous three months. Loan values are also up; the average value […]
29/01/2021
Edition 290 – January/February 2021
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2...
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