The Brighton team of business advisory firm Quantuma has completed the pre-pack sale of Safeguard SVP Limited after it entered into administration on 29 March 2023. The sale was led by Quantuma managing directors Sean Bucknall and Elias Paourou. A pre-pack sale of the business and assets to Safeguard VP Limited, a competitor company, was […]
Pulse Outsource, the specialist back office and payroll funding solutions provider are delighted to announce that they have appointed Garry Watkis in a new business executive role. Garry joins a growing and ambitious new business team and will be responsible for supporting the origination and conversion of new business opportunities. Garry brings a wealth of […]
Halesowen-based Midland Oil and Wolverhampton-based Rods Oils, oil manufacturers specialising in metalworking lubricants, have been acquired by Richard Parry and Mark Hayes. The Management Buyout (MBO) was supported by a £3.4m invoice discounting facility and property loan from Cynergy Business Finance (CBF). Midland Oil is a specialist high-performance lubricant manufacturer that produces an extensive range […]
The fear of business failure is not stopping small and medium sized business owners from taking on new finance, despite a 33% rise in insolvencies, as increasing numbers are using insurance to reduce the risk. The Purbeck Personal Guarantee Insurance Monitor for Q1 2023 shows more SME owners and directors secured finance with insurance to […]
More than a third (35%) of financial services organisations in Europe aren’t basing critical business decisions on real-time data, and instead are using assumptions which could see them lose out to the competition. According to a new survey by InterSystems, conducted among almost 200 senior leaders within Europe’s financial services firms, an overwhelming majority (92%) […]
Paynetics UK has received its Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA). One of Europe’s leading providers of embedded finance and digital banking solutions, Paynetics now holds EMI licences in Europe and the UK. This further strengthens Paynetics’ capabilities by allowing its business partners and customers to seamlessly build programmes […]
Equifax UK has announced today a new partnership with Spear Technology, (parent company to The Yes Catalogue, New Is Nice & Flava), a market leader in the provision of short-term credit facilities & Buy Now Pay Later. The collaboration will see both companies operating together to identify and help customers at financial risk. With increased […]
It’s no understatement to say that 2022 was a very difficult year for UK businesses. The combination of the cost of living and energy crises, alongside the looming threat of a recession, meant that many businesses were left struggling with higher operating costs and fewer consumers to offset these expenses. As a result, over half […]
The UK’s largest independent invoice financier, Bibby Financial Services (BFS), has struck a deal with North Brewing Company Ltd for a £375,000 confidential invoicing discounting (CID) package, to support the business’s cashflow and enable the founders to focus on future growth. The Leeds-based business started its life as North Bar on New Briggate high […]
Specialist buy-to-let lender Landbay has launched a new set of Special Edition five-year fixed rate mortgage products with rates starting at 4.99%. The new range provides price certainty with combined flexibility as there are only three years of early repayment charges (ERC). This means the borrower can redeem the mortgage in years four and five […]
