Bibby Financial Services (BFS) has provided a £9m Group funding facility to support the re-finance of Currie European Transport Ltd, a transport and storage solutions group made up of 7 trading companies across Scotland, England, the Netherlands and France. The group, which is headquartered in Dumfries, Scotland, is using the funding to support an ambitious […]
Covering the week 21 – 27 June 2020 UK footfall decreased 53.4% year on year during the second week of reopening in England and NI. This compares to a decrease of 81.6% year on year for the month of May. Footfall on High Streets declined by 58.1% year on year. This compares to a decrease […]
As a man-in-a-van style operation, business has certainly looked different for Snap-on Tool’s national network over the last few months. However, thanks to a combination of support from the franchisor and an impressive level of innovation from franchisees, the majority of the brand’s 400-strong UK network are once again behind the wheels of their iconic […]
With local lock down’s now being considered by local authorities and government to deal with coronavirus spikes around the country, companies that have just re-opened and now face closure again are going to need support say leading tax and advisory firm, Blick Rothenberg. David Hough, a business advisory partner at the firm said: “If they […]
Fifty unemployed people from North Birmingham are learning skills to help them land new jobs, thanks to funding from the West Midlands Combined Authority (WMCA). The WMCA is funding the training to give local people the skills needed to get back into work, as part of the region’s economic recovery from the Covid-19 shutdown. The […]
Overall business confidence improved by three percentage points in June, the first increase recorded since January, according to the Lloyds Bank Commercial Banking Business Barometer. Despite still sitting in negative sentiment, the increase is the highest level seen since the start of the pandemic in March, however, confidence remains well below levels seen before the […]
The chancellor of the exchequer today announced that the Future Fund is being expanded to accommodate businesses that contribute significantly to the UK economy, but do not have their parent company based in the UK because they participated in a non-UK based accelerator programme. Accelerators are open and competitive programmes which are designed to select […]
FCA warnings about sub-prime lending and debt management scams are up 85% to 24 during the three months of lockdown compared to just 13 in the same period last year*, as fraudsters look to capitalise on Covid-19 financial stress, says accountancy and business advisory firm, BDO LLP. The increased numbers of fraudulent or unregulated lenders […]
Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of a 95-day notice account for business savers, further extending its range of financial products designed to support businesses. The new account will offer a variable rate of interest, which currently sits at 1.00% […]
New insolvency laws will push banks with claims against insolvent companies to the front of the queue, over-riding the new moratorium on creditor actions, say accountants Mercer & Hole. Chris Laughton, a corporate restructuring partner at Mercer & Hole explains: “The Corporate Insolvency and Governance Bill, which is expected to receive Royal Assent this week, […]
