Paragon Bank’s SME lending division supported UK SMEs with nearly £300m of new lending during its last financial year, full year figures released today have revealed. In the year to 30 September 2020, the division lent £288m to SME businesses, local authorities and professional services firms. Overall, SME lending was 29.2% lower than the previous […]
With less than a month to go before the Brexit deadline, Amaiz has published a new report on the readiness of SMEs to face the blizzard of new import and export procedures, customs duties, import VAT, standards, data regulations, financial services arrangements, and a host of other changes. The report, Brexit Brink: Are British SMEs […]
FreeAgent, the cloud accounting software for small businesses, freelancers and their accountants, has today launched a new feature to help customers stay on top of their business cashflow. The new functionality uses data from FreeAgent accounts – including invoices, bills, salary and upcoming tax liabilities – to automatically build a near-term cashflow forecast and proactively […]
According to the latest job market data from the UK’s leading independent job board, CV-Library, the number of job postings in November has dropped by -15.8% year-on-year and -1.1% from last month; modest figures considering the UK spent most of November in a second national lockdown. The job board analysed data from its site throughout November […]
Newable, a UK provider of money, advice and workspace to SMEs, has launched Newable Finance – a regional brokerage and advisory service to support businesses across the UK. Based out of key hubs in London, Epsom, Manchester, Bristol and Yorkshire, Newable Finance will offer specialist advice and access to hundreds of lenders, from high street […]
The latest independent SME Finance Monitor published today by BVA BDRC reveals that businesses are increasingly looking ahead to the future, with 42% of SMEs saying their plans were future-focused in the third quarter of 2020, compared with 25% who were still focused on the immediate impact of the pandemic. However, with uncertainty around how […]
Trade Ledger, the global technology provider to the commercial banking and financial services industry, today announced that Bibby Financial Services (BFS), a global SME financier, has adopted the Trade Ledger origination platform to streamline customer onboarding and operational processes. Trade Ledger’s Lending-as-a-Service Platform allows funders to re-imagine business finance for the digital era, using cloud-native […]
As the doors of Britain’s non-essential retailers reopen tomorrow, business owners are set for a £3.5bn boost in the build up to Christmas as two thirds (66%) of people plan to buy gifts from independent shops, according to research from the British Independent Retailers Association and Starling Bank. Community-minded The UK is home to over […]
Companies with associated defined benefit pension schemes should carefully consider decisions regarding the declaration and payment of dividends for 2020-year ends, say leading tax and advisory firm Blick Rothenberg. Sunil Bhavnani, technical director at the firm said” The effects of Covid-19 pandemic continue to be far reaching on company financial performance and results. Companies will […]
Newable Ventures and Bristol Private Equity Club (BPEC) have secured £10m in new funding from British Business Investments, a commercial subsidiary of the British Business Bank, to fund early stage businesses across the UK. The £10m commitment from British Business Investments’ Regional Angels Programme will be invested by Newable Ventures, in partnership with BPEC, to […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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