Paragon Bank has provided a £4m funding package to London-based developer Farleigh to fund the development of Mulberry House, 25 new homes in Dorking, Surrey. Mulberry House will comprise 25 exclusive apartments, each built to Farleigh’s high specification. The funding from Paragon’s specialist Development Finance team has enabled the business with both the acquisition and […]
B-North, the Manchester-based firm building a regional SME lending bank for the UK, has appointed Jackie Ewer as Head of Operational Risk & Compliance. Jackie joins with more than 30 years’ financial services experience, with the last 15 years focused on operational risk, compliance risk and financial crime risk. Jackie is well versed in the […]
Recognise Bank (“Recognise”), a subsidiary of City of London Group plc (AIM: CIN), and the UK’s newest SME bank, is pleased to announce that it has successfully completed a complex transaction that involved supporting a clientwith a £4m loan. The £4m loan will be used by a property investment and development firm to complete the […]
The Board of Banking Competition Remedies Ltd (BCR) today publishes the first update from Pool E recipients, providing a summary of performance against their public commitments to the period 30 November 2020. Onfido has undertaken a strategic review of its business, and as part of this process, decided to return its £5m award to BCR. […]
Fintech Miconex has revealed that over £1.9m was spent through its Town and City Gift Card programmes in 2020, providing evidence that consumers are turning to local, multi-venue gift card programmes in a bid to support local businesses. The 2020 sales data represents 350% year on year growth for the firm. Perth based Miconex took its total […]
Leading corporate finance provider Goodman Corporate Finance is opening a new office in Plymouth to focus on serving small to medium-sized enterprises across the South West region. The specialist broker, which offers a range of bespoke corporate finance solutions, real estate and business advisory services, is expanding from its East Midlands base, with the aim […]
Putting the figures into perspective, Iain Robertson considers that the pandemic was responsible for slashing over 680,000 new car registrations from 2019’s end-of-year results, which places some makes and models in a most parlous position. In some respects, the Chinese disease has been a leveller, most notably around the UK new car business. While an […]
Portfolio management platform, Lendlord, has launched an Open Banking integration that allows landlords to automate their cashflow and bookkeeping. Lendlord has been approved by the FCA to partner with Open Banking platform, Plaid, and enable users to link an unlimited number of bank accounts to their Lendlord account. This integration will allow Lendlord users to […]
Castle Trust Bank has recruited Robert Oliver to become the specialist lender’s new sales director. Robert has more than 20 years’ experience in intermediary lending, having previously held roles with Northern Rock, Virgin Money, Capital Home Loans and most recently with Together, where he was head of intermediary relationships. Castle Trust Bank offers bridging loans […]
It’s the economy By Business Money group editor Robert Lefroy The Long Haul 2021 The annual Business Money report examining the future of fintechs in business lending, by group editor Robert Lefroy New Year greetings from WOA Erik Timmermans, co-founder of World of Open Account, reports on the group’s first online event of 2021 and […]