Company directors urged to act now as cashflow pressure drive surge in insolvencies Headwinds likely to cause issues even for better-performing businesses in 2023 Hospitality and retail businesss struggling in the run up to Christmas as result of the cost of living increases and strike action Directors advised to act now as economic climate drives […]
UK Export Finance (UKEF) has provided £900,000 of support to Atlancis, a Kenyan cloud services company, enabling it to forge a new relationship with UK exporter Vespertec to unlock growth opportunities in Africa. A Standard Buyer Loan Guarantee was offered by UKEF to guarantee an export credit loan from Apple Bank, supported by its UK […]
UK Finance has played a leading role in the launch of Cash Access UK Ltd, a non-profit company which will help to protect cash access in UK communities. It is made up of nine of the UK’s largest high street banking providers. The incorporation of the company, which has been supported by UK Finance from […]
According to new research from iwoca, one of Europe’s largest small business lenders, a significant number of small businesses still accept cash from their customers, and two in five don’t want to see a move towards a cashless society. The analysis finds that around half (46%) of small businesses use physical money each month, while […]
Leading Thames Valley law firm, Gardner Leader, has appointed David Beckwith as its finance director, marking another significant step in the firm’s sustainable growth plans. Gardner Leader has been at the heart of the Berkshire community for over 120 years, with offices in Newbury, Thatcham and Maidenhead. It has gone on to triple in size over […]
Two of the country’s leading tax experts says new investment by Dutch companies proves the UK can still compete internationally, but British SMEs need better backing to maintain a long-term global appeal. At a recent British Embassy event at The Hague, enthusiasm among Dutch firms in the agritech sector to invest in new and continuing […]
The British Business Bank has appointed Eilish Jamieson and Matthew Elderfield as non-executive directors (NEDs) to the board of British Business Bank plc, effective from 21 and 22 November 2022 respectively. Eilish Jamieson is an experienced audit and finance professional with over 25 years’ experience working in financial services, and more recently serving on public […]
Suros Capital, the short term lender, is reporting increasing interest from intermediaries for its luxury asset secured lending, with leading brokers of HNW clients recognising where the Suros proposition fits into the services they can offer clients. According to Ray Palmer, director of Suros Capital, short term lending is a cutthroat market with so much […]
As the UK government reduces the threshold for the 45% income tax rate to £125,140 (from £150,000) there’s a reasonable chance the top rate threshold will reduce further in Scotland towards £100k when the Holyrood budget is unveiled on 15 December. Recently the Scottish government announced cuts to spending plans of almost £1.2bn. John Swinney […]
There was a reported £15.3 million lost to fraud in the UK between November 2021 and January 2022, and with just a few days until Christmas Day, panic mode could be setting in this year. The good news is that it appears UK shoppers recognize the importance of increased fraud checks by lenders and banks. […]
