The UK insolvency statistics for August 2020 show that corporate insolvency levels remain at very low levels, some 43% lower than in August 2019 (1,369 August 2019, 778 August 2020). The sharp and sustained decline in insolvencies since the start of the pandemic is the direct result of the huge level of support provided by […]
Judgment has today been handed down in the much-publicised business interruption insurance (BII) case which considered whether various BII policies provided cover in relation to the Covid-19 pandemic. Fran Tremeer, a solicitor in the Dispute Resolution team at Royds Withy King comments: “Overall, the case is a welcome decision in favour of policyholders and businesses, […]
West Yorkshire-based commercial finance brokerage, ABL, has added another senior figure to its 11-strong team – an announcement which heralds several important developments for the firm. Joining as partnerships manager, Liz Jowett brings seven years’ experience from within the banking sector. Under her new remit, the former business relationship manager for Santander UK – and […]
Specialist business property adviser, Christie & Co, has launched the first edition of its Buyer Registration Index, an analysis of website registrations which indicates buyer sentiment across all eight of its industry sectors, including care. The Index focuses on how buyer sentiment has evolved during the UK Covid-19 lockdown period. The Index reveals that, from […]
Further to the announcement on 3 August 2020, Metro Bank PLC (the “Company”) is pleased to announce that all necessary regulatory and shareholder approvals have now been received and the acquisition of Retail Money Market LTD (“RateSetter”) has completed.
Paragon originally provided Global Broadcast with a £350,000 invoice finance loan package in 2018 to assist with cash flow. Earlswood-based Global Broadcast provides audio visual and broadcast equipment installations, cable prefabrication, consultations and solutions, primarily to the broadcast industry. Due to the ongoing coronavirus pandemic, Paragon was subsequently able to restructure the existing terms of […]
John Farnsworth, Partner at Smith Cooper, Retail and Hospitality expert A few months after lockdown restrictions were eased and the retail and hospitality sector began to reopen, research conducted by Startle showed that half of regular consumers do not intend to visit shops, restaurants and pubs with the same frequency as pre-lockdown. The research questions […]
Prices remain robust but the current spate of new listings suggests that the road to full recovery may soon be marred by oversupply, especially in London, according to the Home.co.uk Asking Price Index for September. Estate agents had another phenomenally busy month in August, taking on even greater amounts of new instructions, especially in the […]
The Chartered Insurance Institute has urged insurance professionals and government to act now to reduce the need for legal proceedings like the FCA’s business interruption test case in future. The professional body has urged the profession to focus on three areas of activity: Product governance processes, including gaining greater clarity on product wordings. Where the […]
RSM’s UK Brexit Stress Index nudged up for the first time since the early days of the Covid-19 lockdown, ushering in the first signs in nearly seven months that the risk of no-deal trade talks with the EU is generating increased nervousness within business. This week the pound also saw its worst performing week against […]
