Despite the government’s proposed suspension of the wrongful trading law last month, company directors of troubled businesses can still be pursued personally if they breach their duties to protect the interests of creditors such as suppliers and lenders, warns commercial law firm EMW. Whilst the government announced the suspension of the wrongful trading* law to […]
“On 27 April an article was published on the Business Money website news page under the heading ‘Forum of Private Business celebrates as Highwayman beats up Mr Punch’. The article referred to an appeal in the High Court which proved in favour of the Highwayman Pub in Kidlington, and referenced Punch Taverns. In fact, in […]
FCI is launching a new entry-level course on factoring and receivables finance. The course will allow you or your associate to learn the ABCs of factoring and receivables finance in 9 online modules. It includes videos, animations, case studies and an assessment section. The course is designed for anyone who wants to learn about the […]
Data compiled by Finbold.com shows by the end of March 2020, challenger banks app downloads dropped by 23.38% on average amid the Coronavirus pandemic. The data shows that during a similar period last year, these banks were witnessing a rise in downloads. Among impacted challenger banks is Monzo whose downloads declined by -36.12% between February […]
An SME civil engineering firm that has worked on projects at St Paul’s Cathedral and The Oval cricket ground has safeguarded jobs amid widespread construction site closures after receiving a time critical loan from Lloyds Bank. Foran Construction, which offers groundwork services for commercial and civil engineering projects across the South East, is based in […]
1pm plc (AIM: OPM), the AIM listed independent specialist provider of finance facilities to UK SMEs, today announces a directorate change following a reorganisation of the senior management team. Over the past two years, 1pm has been integrating acquired businesses into the Group. This has created a structure comprising product divisions and central business support […]
Jonathan has nearly forty years experience in asset based lending, split between operations, (client management & audit), and sales. Mainly focused on Thames Valley, Solent & South West. Target market is company borrowing £2m+ up to £40m. In addition to Jonathan’s role at Leumi ABL, he agreed to be chair of the local Board, in […]
20-49 employee companies struggling There are more than 80,000 SMEs employing between 20 and 49 and we are looking at the challenges they are facing since the Corona virus lockdown. They play a key role in the UK economy in terms of employment and GDP. Businesses Employment Turnover […]
Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775m Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package (ARP), today invites potential applicants to participate in its consultation on Capability and Innovation Fund Pool E £100m grant funding. This funding round is for the £100m returned to BCR by Metro […]
Aspen Bridging has completed a £225k residential bridging loan in just 10 days, using its desktop valuations system to circumnavigate the current surveying shutdown prompted by Covid-19. The loan, which was finalised at a 0.84%pm flat rate over 10 months, was secured by an experienced property developer on a penthouse in Birmingham city centre to […]
