The data collated by the EU Federation for the factoring and commercial finance industry (EUF) shows that in 2019 factoring and commercial finance volumes in the EU grew overall by 7.9% to reach €1.91tr. As before, 80% of this represented domestic business and the balance international. This rate of growth – which equalled that seen […]
Graydon, Europe’s leading provider of business data, insights, analytics and solutions and Neotas, a leading provider of online due diligence, announced today that they will be working together to deliver enhanced investigative capabilities to clients in a streamlined and cost-effective manner. By combining industry-leading business intelligence and fraud insight via the Graydon platform with the […]
LendInvest, the UK’s leading platform for property finance, has updated its product catalogue in response to recent market turbulence, and confirms that it intends to continue lending. LendInvest has limited bridging loan LTVs to 70% for residential property and 60% for commercial property. For buy-to-let (BTL), LendInvest has limited LTVs to 70% and will lend […]
ABL platform provider Dancerace launched their ‘f3’ app this week to help lenders make faster funding decisions and enable SMEs to access emergency government funding and working capital more quickly during coronavirus. Businesses of all sizes face a cashflow crisis. More than a third of UK SMEs are expected to run out of cash by […]
Judicious enough to stick to a solus model format for its all-new PHEV version of the Sportswagon model, states Iain Robertson, Kia plays a clever game in scooping up both private and fleet buyers keen to advance into the electrified motoring scene. Every car salesman is taught a broadly similar message, should they undertake induction […]
A UK entrepreneur has developed an e-commerce product that will enable local retailers to provide their products through an online shop. The software is called BuyLocalShops.com and will let shops supply goods to their local communities. When a shop signs up to the service they are then able to access their own area on the […]
The chancellor should bring forward the implementation date for “Import VAT Postponed Accounting” from 1 January 2021 to 1 May 2020, say leading tax and advisory firm Blick Rothenberg. Alan Pearce the firms VAT partner said: “This arrangement will allow importers to off-set import VAT via their VAT returns, rather than pay it upfront at […]
Business advisory firm Quantuma has appointed Darren Mason as a new partner at the firm’s head office in London. A chartered accountant, Darren has spent 20 years of his career as a partner in restructuring and pensions advisory at Grant Thornton UK, before which he held positions at the Royal Bank of Scotland and PwC. […]
As part of the succession programme at Reward Finance Group, Nick Smith has been promoted to group MD. He takes over the role, at the alternative finance provider, from founding directors, David Jones and Tom Flannery, both of whom will continue as directors and remain fully committed to the business for at least the next […]
Investors on the Assetz Capital platform have overwhelmingly voted to provide forbearance to borrowers during these extraordinary times and to extend their loans for an initial three months, where needed. The vote – carried out over the last week and open to all platform investors– saw only 1.7% of lenders vote against borrower support, meaning […]
