Paragon Bank continues to support UK SMEs during coronavirus, providing a £130,000 Coronavirus Business Interruption Loan (CBILS) loan to Worcester-based engineering firm, GDK Engineering Company Ltd. GDK is a subcontract engineering firm, based in Worcester, specialising in low volume production of machined products. GDK approached Paragon for support when demand for their services dropped as […]
As the furlough scheme comes to an end on 31 October the banking and finance industry is committed to providing tailored support to customers facing financial difficulty. Following the commitment by the industry in March to provide payment deferrals to those customers that needed help, industry figures show that 162,000 mortgage payment deferrals are […]
UK firms are investing in digital infrastructure to boost their productivity in the wake of the Covid-19 pandemic, according to research from Brother UK, the business technology solutions provider. The findings, taken from interviews with 500 IT decision makers, show that more than eight in ten (84%) companies have ramped-up efforts to boost productivity since […]
Intuit QuickBooks, the UK’s leading financial management software, today launches Income Tax Estimates as part of a host of innovative updates in its Autumn Product Release. Other product developments include an expanded employee portal, a new tagging feature, a limited-time PayPal integration offer, and a month-end review feature for accountants. The updates provide even more […]
According to the latest quarterly job market report from CV-Library, the UK’s leading independent job board, job applications in the finance sector grew by 58.6% in Q3 2020 and by 17.4% year-on-year. The report looks at job market data throughout Q3 2020 and compares this with findings from the previous year. It reveals that the […]
A Midlands homeware and storage group is riding the crest of the homeware boom and considering options for expansion with the support of Lloyds Bank. Cookes Group, which celebrates its 75th anniversary in 2021, initially received a £200k Coronavirus Business Interruption Loan (CBIL) from Lloyds Bank to support the overheads of its three trading businesses […]
SurePay has today announced another successful implementation of it’s UK Confirmation of Payee solution for the UK’s first app-based bank, Atom banb. The Financial Technology company from the Netherlands is already responsible for checking over 95% of all Dutch payments with the IBAN-Name Check and its Confirmation of Payee solution checks 25% of all online […]
Hanley Economic Building Society is back in the ex-pat buy-to-let market with the reintroduction of its 3.49% Variable Discount product at a maximum 80% LTV. This ex-pat BTL product was initially launched in January 2020 but was subsequently pulled in April as a result of the Covid-19 crisis. It has an application fee of £299 […]
New research from Santander UK reveals that ongoing concerns around coronavirus have taken their toll on UK business owners, with a third (33%) stating that working through Covid-19 has adversely affected their mental health. The study – which polled 2,050 UK SME owners – revealed that 58% of those surveyed had reported a decrease in […]
ThinCats, leading alternative lender to mid-sized businesses, has provided £8.5m in acquisition funding to Care at Home Services for its counterpart, Westminster Homecare. Care at Home Services was founded in 1993 and has bases across East Sussex and Kent. Its brands include Care at Home Services, Beech Tree Total Care and Domus Live-In Care. The […]
