West Midlands tech start-ups are being urged to apply for one of 10 places on a business accelerator programme to take their company to the next level. Not-for-profit tech hub and think tank, Birmingham Tech, has partnered with West Midlands Combined Authority (WMCA) to create ScaleUp Accelerator to help local businesses with high-growth potential, and […]
The latest Lloyds Bank Business Barometer shows: Overall business confidence increased by nine percentage points to 2%, the first positive net balance since the start of the pandemic and the highest level recorded since March 2020. Although confidence remains below pre-Covid levels, the improvement in sentiment was led by a rise in firms’ own trading […]
Mortgage Broker Tools (MBT) has launched a criteria search tool that enables brokers to quickly research exact criteria wording directly from nearly 100 lenders. MBT Criteria Search provides brokers with a free text search bar that allows them to research any criteria term from any number of lenders on the panel, which includes all lenders […]
Marine and Towage Services Group Ltd (MTS), has secured a £5m refinance package through leading alternative finance provider for mid-sized SMEs, ThinCats. With a history dating back to 1924, MTS is now one of the UK’s leading providers of services to the marine sector providing coastal and ocean towage services and support for the marine […]
XUM is one of the leading wholesale memory ram sellers in the UK. The business sources IC-chips from recycling centres and refurbishes them for use in computing and gaming products. Set up in 2012, the business can take any component that has gigabytes, for instance routers, televisions, and computers, and recycle them into new electronic […]
Leading audit, tax and consulting firm RSM has launched the first virtual cross-border M&A tax hub. The new tax advisory offering will strengthen the firm’s global merger and acquisition capabilities, making it more agile and quick to respond. The hub will support cross-border M&A transactions by drawing on key international, regional and local tax expertise […]
Suros Capital, which lends against luxury assets, is seeing a growing trend for enquiries from brokers whose clients wish to borrow using classic cars as security against short-term financing needs. Loan requests backed by the security of a classic or luxury car now represent up to 30% of enquiries for borrowings of above £50,000. A […]
Global expenses app, ExpenseOnDemand, has seen a huge increase in the demand for its ‘Pay as You Use’ model as businesses leaders and finance directors are sourcing solutions that allow their businesses to automate process whilst being able to adapt to the ‘new normal’ and ever changing Covid-19 business landscape. As businesses look to the […]
Directors and managers of Limited Companies are being warned that Limited status does not protect them from being personally liable for claims, which may be brought in response to the decisions they have made during the pandemic or before. Ascend Broking, a specialist commercial insurance broker based in Chelmsford, warns that many directors wrongly believe […]
Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 1,140 companies that have been approved for £1.12bn (£1,124.3m) worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 1,846 applications in total since the launch and the scheme closed to new applications […]
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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