Companies who have taken on large levels of debt or require further funding run the risk of becoming zombie companies where all their profits are used to service debt, say leading tax and advisory firm, Blick Rothenberg Richard Churchill, a parter at the firm said: “ This results in no growth, reinvestment or return to […]
Just Cashflow is increasing the limit on its revolving credit facility (RCF) from £500,000 to £1m in order to help SMEs deal with the fallout from the Covid crisis. Chief commercial officer, Martine Catton, explains, “Many excellent businesses have been dramatically impacted by Covid – losing access to their customers overnight with various government announcements. […]
Paragon Bank has continued its support for UK companies impacted by coronavirus by providing a £200,000 Coronavirus Business Interruption Loan (CBILS) to Kingfisher Leisurewear, a Shropshire-based family business that specialises in personalised garments. The loan, which was sourced through asset finance broker Premier Asset Finance, has enabled the Ludlow-based personalised clothing business to manage cash […]
In just over three months’ time, the EU Withdrawal Bill transition period comes to an end, meaning businesses could face restrictions on access to EU skills and labour. However, according to a poll conducted by the British Chambers of Commerce, just 38% of businesses have conducted a Brexit risk assessment, due to the majority prioritising […]
Malwarebytes™, a leading provider of advanced endpoint protection and remediation solutions, today announced that it was selected by NatWest Group to deliver premium cybersecurity security solutions to the bank’s consumer and business banking customers worldwide. NatWest Group customers will now be able get a free license to install Malwarebytes Premium to protect their digital experiences […]
The Society of Mortgage Professionals has urged brokers concerned that a customer is attempting to commit mortgage application fraud to under no circumstances submit the proposal to a lender. The latest good practice guide from the Society of Mortgage Professionals (SMP) outlines the current methods of mortgage fraud and shares hints with brokers on how […]
Business and commerce has been a force for good in society, according to new research, with 56% of UK business decision makers in agreement that it has driven a positive social impact through the pandemic. The survey found that almost half (49%) of businesses have made socially impactful changes during the pandemic, despite facing uncertainty […]
Launched in 2014, Fleximize is now one of the UK’s leading digital business lenders supporting UK SMEs. The decision to commission ADP is driven by the company’s plans to increase scale and efficiency and utilises ADP’s universal third- party data integrations and its unique decision logic editor. David Wylie, commercial director at LendingMetrics, said: “We […]
Secure Trust Bank Commercial Finance has provided a £250,000 facility to Faith Furniture Company as part of the Coronavirus Business Interruption Loan Scheme (CBILS). This facility builds on a long-term relationship between the two companies, with Secure Trust Bank supporting the growth of Faith Furniture Company with an invoice financing facility since its launch in […]
Bathgate Business Finance has supported the expansion of Liverpool-based hospitality success story, Leaf, with finance deals totalling £70k. Its most recent investment came in late 2019, when it provided £40k commercial loan funding to facilitate the launch of Leaf’s new West Kirby venue, which opened at the start of March on the former site of […]
