S&P Global Ratings’ credit loss estimates for UK banks reflect the radically more negative environment as a result of the Covid-19 pandemic. Measures to limit the spread of the virus have resulted in large parts of economic activity grinding to a halt, and returning to a more normal environment will take time. As noted in […]
A Liverpool-based chemical technology company that is helping in the fight against dementia, cancer and respiratory illnesses has secured £2.25m in a funding round led by the VC firms Deepbridge Capital and Praetura Ventures. Liverpool ChiroChem (LCC), the developer and manufacturer of chemical components that are critical to the research and development of new drugs, […]
A Birmingham based charity is continuing to provide essential care and support to people with acute neurological motor disorders during the COVID-19 outbreak, after securing support from Lloyds Bank. The Foundation for Conductive Education in Edgbaston faced significant financial challenges due to the COVID-19 outbreak, with the cancellation of charity events and the loss of […]
One of the UK’s largest vehicle recycling businesses is set to continue supporting essential services clients, including Royal Mail, with the support of Lloyds Bank. Family-owned Charles Trent Ltd, which recycles more than 50,000 vehicles for parts each year, had seen a 70% fall in demand for its products with fewer people using the roads […]
Atelier Capital Partners, the short-term lender, has announced four senior hires into its credit and risk team, two of whom have joined the company during the lockdown. All the hires, comprising three senior investment managers and an investment manager, will be involved in both the structuring and management of credit risk. They are as follows: […]
Legal & General Modular Homes announces that it has gained planning consent to deliver 154 homes, using modular construction, at an eight acre site on Portholme Road, Selby in North Yorkshire. From its factory in Sherburn-in-Elmet in Yorkshire, Legal & General Modular Homes has ambitions to build its annual housing delivery to 3,000 modular homes […]
Introduced originally as a ‘concept’ by International Motors Group, the official importer of Isuzu pickup trucks to the UK market, Iain Robertson is only too delighted to suggest that scoring an ace on the value front is what makes Isuzu tick. While I can comprehend the rash of pickup truck operators that has developed over […]
Workers within the ‘gig economy’ are significant losers from the Covid-19 pandemic, say leading tax and advisory form Blick Rothenberg, Robert Salter, an employment and expatriate tax service director at the firm said: “Many of these workers won’t be able to benefit from the various support services that the government has organised to support the […]
Following the chancellor of the exchequer’s announcement on 27 April, the Bounce Back Loans Scheme opens for applications from today. Delivered by lenders accredited by the British Business Bank for this scheme, Bounce Back Loans target small and micro businesses in all sectors, providing loans from £2k up to 25% of the business’ turnover with […]
Alternative lenders should be included alongside the pillar banks as channels for the expansion of the government’s lending support for SMEs that is urgently needed, according to Linked Finance, Ireland’s leading peer-to-peer (P2P) lending platform. The company says that it is vital to ensure funding is deployed rapidly, and that this will be helped by […]
