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09/11/2020

Aldermore provide invoice finance facility for housewares manufacturer buyout

Aldermore bank has provided an entrepreneur with an invoice finance facility, enabling them to purchase housewares manufacturer, Pendeford Housewares. The deal included a Coronavirus Business Interruption Loan Scheme (CBILS) facility. Founded in 1958 by the vendor’s father, Pendeford Housewares manufactures an extensive range of products including: cookware, bakeware, microwavable plastics and ironing accessories. The company […]

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09/11/2020

Hole in one for ThinCats funding

Fairway International Travel (FIT), independent travel management company, has been supported by ThinCats, leading alternative finance provider for mid-sized SMEs, with £1.5m in working capital. Founded in 1991, FIT is an independent travel agency based in Halifax, West Yorkshire, specialising in providing travel for the professional golfers on the PGA European Tour, European Senior Tour […]

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09/11/2020

iwoca makes its “buy now, pay later” invoicing product free for small businesses during lockdown

iwoca, one of Europe’s largest small business lenders, announces that its invoice payments product – iwocaPay – will be free throughout the UK’s second national lockdown to support small businesses impacted by coronavirus. iwocaPay is a new product from iwoca that allows small businesses to be paid upfront while letting their customers spread their costs […]

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06/11/2020

NAS Corporation secures six figure loan from Santander to support business

NAS Corporation, a specialist aviation firm based in Salisbury, has secured a six-figure CBILS loan from Santander UK to help the business through the challenges presented by Covid-19. The company provides solutions and project management to the airline, air freight and cargo industries, often to extreme destinations. Due to significant travel disruption caused by Covid-19, […]

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06/11/2020

Exercise caution when paying dividends – directors warned

Directors of owner-managed businesses should exercise caution when paying dividends, say leading tax and advisory firm Blick Rothenberg. Sunil Bhavnani, technical director at the firm said: “ Directors of owner managed businesses often pay a portion of their income as dividends, but directors need to be mindful of distributions made illegally where accumulated profits are […]

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05/11/2020

Metro Bank improves buy-to-let stress rates and criteria as it launches into more specialist mortgages

Metro Bank today announces changes to its criteria for buy-to-let lending, designed to make the bank a more specialist lender to support its growing number of customers. In a positive move for borrowers, the bank has reduced its stress test rate on five year BTL mortgages, from 5.5% to 4.5%, given the longer term nature […]

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05/11/2020

Home delivery returns to the home front for Christmas as online sales are set to soar by 54%

Thousands of non-essential stores have shuttered once again but couriers and retailers are continuing to deliver to the front door. ParcelHero says stores are far better prepared for the expected 54% boom in home deliveries this time, though networks will be stretched thin as lockdown deliveries clash with Christmas peak. As lockdown 2.0 closes Britain’s […]

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