SimplyBiz Mortgages has announced the addition of dedicated BTL lender Zephyr Homeloans (Zephyr) to its panel, with immediate effect. Zephyr, which lends to both individuals and limited companies, now offers standard and specialist products to 75% LTV. In addition, it offers no upfront application fees across the entire product range and requires no minimum income […]
The call by restaurant chains and others to the government to extend the ban on the collection of rent on commercial properties such as shops and cafes completely ignores the plight of the landlords of these premises, say leading tax and advisory firm Blick Rothenberg. Head of property at the firm, Heather Powell said: “ […]
A Western Isles based campervan conversion business has successfully launched after receiving a variety of expert advice during lockdown from Business Gateway. Founded in June 2020 by chartered engineer, Rob Hall, Studio Vans Ltd make innovative, ready to go fit outs for campervan conversions. By collaborating with local and international makers and designers, Studio Vans […]
New data published today from open banking platform Tink reveals that UK financial institutions are continuing to recognise the competitive advantage of open banking, going beyond compliance and prioritising investments in improving the digital customer experience. According to previous research from Tink, UK financial institutions are spending more in open banking than in any other […]
SMEs across the UK have had to tear up business succession plans due to Covid-19, according to research from Nucleus Commercial Finance. Prior to the pandemic, over a third (35%) of SMEs had hopes of selling their business in the next two years, but these have been significantly impacted with many having to shelve their […]
Leading alternative lender to mid-sized businesses, ThinCats, has supported the largest independently owned greetings card publisher in the UK, Carte Blanche Greetings (CBG), with £2.3m CBILS funding to provide working capital. Founded in 1987 with a range of just 12 cards, Carte Blanche Greetings is now an award-winning creator, distributor and licensor of character-branded products, […]
Catherine Lewis La Torre, CEO, British Business Bank, said: “The Bank and our role within the UK economy has been thrown into sharp relief as we continue to work as a trusted partner of government to create the conditions for improved access to finance that will enable smaller businesses to stabilise, prosper and grow. “The […]
A new study, commissioned by business bank, Allica Bank, shows that the practice of regular training correlates strongly with high performance in SMEs and will be vital to businesses’ prospects of a swift recovery post-Covid. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, […]
Over the past two years, PiLON has seen its revenues more than double, putting significant pressure on an existing funding facility that was no longer able to keep pace with the intensity of customer demand. Arbuthnot Commercial ABL was able to structure a working capital facility, comprising a £3m revolving receivables finance line which would […]
Over the next 12 months, 73% of business owners predict they will take a maximum of 5 days off, according to a new survey. Over a third (37%) will take no time off at all, as the Covid-19 pandemic takes its toll on holiday plans for small business owners across the UK. The research, undertaken […]
