As the Economic Crime and Corporate Transparency Bill makes its way through the House of Lords, a new corporate criminal offence of ‘failure to prevent fraud’ is likely to hit businesses soon. Leading audit, tax and consulting firm RSM UK advises businesses to act now to ensure they have robust anti-fraud measures in place. Figures […]
The British Business Bank has agreed a £100m guarantee facility with specialist business lender Cambridge & Counties Bank through its ENABLE Guarantee scheme, with the option of extending this to £150m in the future. This builds on a separate facility secured in May 2018, which the bank has used to help a range of UK […]
Independent funder, Bibby Financial Services (BFS), has provided retail designer and manufacturer Kesslers London Ltd with a £3m confidential invoice discounting (CID) package, to enable the business to move to an upgraded factory facility close to its historic East London location, while safeguarding 97 local jobs. Stratford based Kesslers London Ltd, formerly Kesslers International, is […]
Inspire Payments is heralding the success of its new partnership with Worldpay with more than 1,000 small business owners taking advantage of the latest cutting-edge payment technology in the first few weeks. This new partnership delivers quick access to the payment capabilities of one of the world’s largest payment processors in Worldpay from FIS®.1 Inspire […]
UK manufacturers are dangerously overstocked and could enjoy an average cash windfall of £102,000 as they recover from last year’s overstocking crisis according to new research released today. The Cashflow and Overstock report, by inventory management software provider Unleashed, analysed 381,000 products, ingredients and components stocked by over 1,800 firms across the UK, North America, Australia & […]
New research from American Express finds that over half of UK finance leaders (55%) expect to increase their team’s headcount in the coming years, but the skills and capabilities they are seeking are evolving, in line with a desire to improve the finance function’s efficiency and performance. The research, based on a survey of senior finance […]
Regulated firms who continue to rely on manual methods of verification are risking the financial and reputational costs which accompany breaches of anti-money laundering (AML) regulations, an industry expert has warned. They are also wasting hours of business time on the very processes which make them more vulnerable to money-launderers. Martin Cheek, the managing director […]
The south-east of England has always been a desirable place to live. With its vibrant towns, picturesque countryside, and excellent transport links, the region has attracted people from across the UK and around the world as both a place to live and an investment opportunity. Unsurprisingly, this popularity has led to a lack of supply […]
Paradigm, the mortgage, protection and compliance services proposition, has added Darlington Intermediaries to its lender panel. Paradigm member firms will be able to access Darlington Intermediaries’ range of residential and buy-to-let mortgage products. Darlington Intermediaries has a specific focus on complex mortgage/borrower cases, offering a number of specialist mortgage products to both residential and landlord borrowers. […]
A new report published by NatWest and Retail Economics has found that the uncertain economic backdrop continues to have an impact on retail and leisure spending in 2023. NatWest’s 2023 Retail and Leisure Outlook report shows many shoppers have cut back spending on essentials such as food and drink by trading down to cheaper alternatives, […]
