Figures released today by the Office for National Statistics (ONS) make grim reading for retailers, revealing a slump of -1.9% in the volume of sales during 2020 when compared to 2019. That is the largest year-on-year fall on record. In contrast, the value of online sales played its part in preventing an even greater disaster, […]
Footwear wholesaler, D. Jacobson & Sons Limited, secures a £7m ABL facility from Independent Growth Finance (IGF). As a branded operation the company saw large opportunities for growth within their portfolio. The Lancashire based seller required additional working capital resource to expand into new international markets and invest in online technology to support progression during the pandemic and beyond. Jacobson Group’s expertise […]
Funding Xchange (FXE), the finance platform powering MoneySuperMarket’s business funding channel, and the UK’s fastest growing business support provider, Enterprise Nation, are joining forces to support small businesses and start-ups with financial support. The partnership will provide users with access to free online resources, a tool to help businesses identify and access funding solutions, and […]
74% of businesses are boosting their marketing and consumer research budgets this year, to better reach potential customers, according to new research from Stravito, a leading provider of knowledge management software for insights. The research, which was conducted by independent polling company Censuswide, surveyed 200 business decision makers in large and medium sized UK companies […]
WeOwn, the European Startup which specialises in providing technology for financial services, has today launched Money Turtle across Europe. Money Turtle is a mobile-first platform for companies of all shapes and sizes looking to raise capital. The app modernises the funding process for businesses, removing the awkwardness of borrowing from friends and family when obtaining […]
A Barnsley-based entrepreneur who found himself facing redundancy during the first national lockdown has become the 1000th recipient of a Start Up Loan delivered by alternative lending provider Finance For Enterprise. Richard Adlington took the plunge into self-employment after carving out a successful career with a leading commercial catering equipment company. During his twenty years […]
SMEs have potential to power an ambitious and vigorous post-Brexit UK economy, reveals new research from Sage and Capital Economics today. Capital Economics’ analysis identifies significant untapped trade potential within the UK SME community. 375,000 SMEs have exportable products and services but are not currently exporting. If all 375,000 businesses began to trade internationally, Capital […]
The quarterly survey, conducted between 23rd November to 15th December with 137 respondents, found that business volumes grew in the three months to December, for the first time since September 2018 and at the fastest pace since June 2017. The majority of sub-sectors saw growth, however life insurance saw a decline in volumes, and business […]
Manufacturers helped push the UK’s economic recovery ahead of the global benchmark in December, according to the latest Lloyds Bank UK Recovery Tracker. The Tracker, compiled working with IHS Markit, provides unique insight into the shape and pace of the UK’s recovery following the huge disruption caused by Covid-19. The latest data was compiled between […]
Nine out of 10 Australian small businesses express frustration about finding and maintaining funding for their enterprises, the latest SME Growth Index data highlights. Small business research, conducted twice a year by East & Partners on behalf of ScotPac , Australia’s largest non-bank SME funder, points to loan conditions as the biggest pain point for […]
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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