Credit insurers Nimbla and ABL operating system Dancerace have partnered to increase SMEs’ access to credit insurance when they apply for invoice finance. The move is designed to help increase SMEs’ confidence at a time when many firms are facing increased defaults by customers. With demand for cover likely to increase in coming months, the […]
The economic consequences of the Covid-19 pandemic are of an unprecedented scale in Europe. The twin supply-demand shock has resulted in the halting of production (at least partially) in many companies as employees cannot go to work and in a fall in consumption because of mobility restrictions. The decline in revenues has deteriorated companies’ cash […]
An AI powered digital waiter and menu service, w8r.ai has launched to help restaurants, cafes and bars to safely re-open their doors as lockdown restrictions begin to be lifted. The service removes the need for physical menus and lets customers order food and drink directly to their table from their own phone, increasing staff and […]
Practical Publishing International, a privately owned media group with specialist craft magazines published in markets around the world, has secured £500k funding through Santander UK and the Coronavirus Business Interruption Loan Scheme (CBILS). Founded in 2001, the company specialises in magazines, websites and products for consumers passionate about their hobbies. It distributes over three million […]
Arbuthnot Commercial Asset Based Lending (“ABL”) has structured and delivered a £5m full service asset based lending facility to support the acquisition by Chiltern Capital LLP of Doby Verrolec (“Doby”) from its German parent, Heitkamp & Thumann KG. The comprehensive all-asset finance facility is comprised of receivables, inventory, plant and machinery, property and an additional […]
With Covid-19 lockdowns, companies are heavily relying on government schemes to support their business: 7 out of 10 UK firms have applied to the furlough scheme 1 in which the government pays for 80% of employees’ salaries (up to £2,500) while they are not working. To get a clearer picture on how different industries are […]
Equiniti Group plc (“Equiniti”), an international technology-led services and payments specialist, is delighted to announce that it is now able to provide an enhanced Know-Your-Customer (“KYC”) service for asset based and invoice finance lenders. This new solution builds on Equiniti’s experience in both serving invoice finance lenders and delivering its unique proposition as an end-to-end […]
New research from Aldermore bank reveals that the UK’s small and medium-sized enterprises (SMEs) expect to borrow £48.3bn to support their business following the Covid-19 outbreak. More than three in five (61%) SMEs anticipate borrowing nearly £65,000 in the following 12 months after the outbreak. Speedy access to funding (23%), higher levels of funding (17%) […]
The Smarter Choices consortium launches a pilot aimed at UK manufacturing SMEs to overcome current barriers to energy efficiency after successfully winning Department of Business, Energy, and Industrial Strategy (BEIS) funding. The programme will offer a one-stop-shop in the form of a digital platform, showcasing results from independent energy assessments, framing projects for financial review, […]
During lockdown, the demand for care that is safe and conforms to government regulations has been thrust into the spotlight. It’s no surprise then that Visiting Angels has continued to expand in the UK – their services recognised as essential the world over during this pandemic. Doubling its size in May, eight new faces joined […]
