Wesleyan Bank has achieved record results in its loan book for broker written business in the first quarter of 2021, surpassing the whole first year of trading when the specialist commercial lender’s broker division was established in 2019. For January, February and March 2021, Wesleyan Bank’s Broker division has supported SMEs with over £27m of […]
Britain’s small businesses are giving the economy a jobs boost as we head out of lockdown restrictions, with more than six out of ten companies planning to recruit more staff over the coming months. Research by new SME bank Recognise found that overall, 62% of SMEs said they would be employing more staff as restrictions […]
With its buy-to-let product seeing phenomenal demand, #3rdgen lender, Octane Capital, today announced that Dylan Bleasdale and Emma Kelman have joined the company as specialist buy-to-let BDMs. Both will report into sales director, Liam Lawlor. Dylan Bleasdale joins Octane as buy-to-let BDM from Zephyr Homeloans, having previously worked for Zephyr founder, Computershare Loan Services. He is […]
Mazars, the international tax, audit and advisory firm, has appointed Harris Waseem as a director in its restructuring advisory team, based in London. Harris has over 20 years’ professional services experience, working with both UK and international clients. Prior to joining Mazars, Harris spent 16 years at a Big 4 accounting and consulting firm and […]
The Robot Exchange has secured a significant £500k investment from leading private equity investment firm, Foresight Group, through the Midlands Engine Investment Fund (“MEIF”). The Nottingham-based business supplies Robotic Process Automation (“RPA”) software and services to deliver efficiencies to businesses, helping them streamline and automate their processes via robotic infrastructure. The funding will be used […]
Struggling businesses are still waiting for vital Covid insurance payouts and many are being offered ‘derisory’ amounts well short of what they are owed, it has been revealed. The Financial Conduct Authority’s latest figures show only 35,000 out of a potential 370,000 firms have had their business interruption claims settled four months after a Supreme […]
Aldermore bank has provided a £750,000 Construction Finance facility to NP Services Ltd, a family run metal fabrication specialist. Based in Leicester, the company design and produce high quality metal products for the food and hospitality industries. The business needed funding to fulfil a £1m contract to a major player in the food fit-out industry […]
B-North, the Manchester-based challenger building an SME lending bank for the UK has further strengthened its team with five important hires in its finance and risk teams. David Travis joins as company secretary and general counsel, Andrea Harrison has been appointed head of financial reporting and control, Simon Nicholson joins as risk and compliance manager, […]
CHL Mortgages, the intermediary-only specialist buy-to-let lender, has launched its new BTL product range with a limited group of directly authorised brokers and selected packager partners as part of its phased return to the market. The new range includes five-year fixed rate buy-to-let products which are available at a rate of 3.25% up to 75% […]
National small business Network, The SME Club is encouraging businesses across the UK to support national children’s literacy charity Schoolreaders, Race for Reading campaign to raise vital funds to support primary school children with their reading skills. Even before the pandemic, one in four children was leaving primary school unable to read well and school […]
20/04/2021
Edition 291 – March/April 2021
Receivables 2020 The 24th annual Business Money report on the UK invoice fina...
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