Key findings Business activity for small businesses contracts for the first time since June Larger businesses and wider private sector, however, remain in growth NatWest launches SME Transformation Taskforce to address challenges faced by SMEs October data from the NatWest UK Small Business PMI® highlighted a reversal of fortunes for small enterprises, with overall business […]
Whilst some lenders have shut up shop during the coronavirus crisis, the Pluto Finance team have been hard at work – completing £97m of bridging and development lending across the UK in September and October alone. In one of its largest loans this year, Pluto Finance has completed a development loan of £35m to fund […]
Mastercard and vcita have launched Back to Business – a series of free webinars to equip entrepreneurs in the UK and across Europe with the necessary tools to operate successfully in a digital-first environment. While companies are trying to adapt to a digital environment, many small businesses may need further support on how to move […]
96% of businesses have had outstanding payments for 10+ days over the last year, according to a new Forrester Consulting study commissioned by GoCardless, a leading fintech for recurring payments. The study, ‘Rethink Your Payment Strategy To Save Your Customers And Bottom Line’, examines how companies can use recurring payments solutions to boost their payments […]
Proptech Goodlord has partnered with challenger credit reference agency and Open Banking provider, Credit Kudos, to improve the rental process for agents, landlords and tenants by allowing more accurate assessments of a tenant’s financial situation. The partnership enables Goodlord’s letting agent customers to build a more accurate picture of an individual’s personal finances, such as […]
Small businesses will welcome the NSW government’s budget move today to provide payroll tax relief, as this is one of the biggest growth-blockers for the sector according to Australasia’s largest specialist funder of SMEs. ScotPac CEO Jon Sutton welcomed New South Wales’ move to increase the payroll tax threshold to $1.2m, up from $1m, and […]
Landbay, a leading buy-to-let lending platform, has closed an additional funding deal with a leading asset manager. The asset manager aims to fund in excess of £300 million per year of Landbay originated mortgages. This new deal is in addition to the bank funding deal that Landbay announced in July and the £1bn funding deal […]
Following funding support provided over the summer by leading alternative lender to mid-sized businesses, ThinCats, Devonshire Care Ltd returned to seek funding for the acquisition of a 6th care home to add to its portfolio. Long standing care home operator, Devonshire Care, with a group of well-respected care homes across the North of England, is […]
On 8th October the government published draft regulations intended to increase transparency and confidence in administration sales to connected parties and make independent scrutiny of pre-pack sales to connected parties compulsory. Section 8 of the Corporate Insolvency and Governance Act 2020 gives the government until 30 June 2021 to implement the relevant legislation. It is […]
The UK’s new heavy goods vehicle (HGV) market declined slightly in the third quarter of 2020, down -1.6% with 8,419 units registered, according to figures published today by the Society of Motor Manufacturers and Traders (SMMT). The decline was far smaller than that seen in the first half thanks to the easing of the UK’s […]
