The Number of new loans to SMEs has increased in Quarter 1 according to new figures from UK Finance Commenting on the data, Stephen Pegge, Managing Director, Commercial at UK Finance said “The number of new approved loans to SMEs grew slightly in the first quarter of the year, driven in part by increased demand…

Hampshire Trust Bank has announced that Alex Upton is to join the bank at the beginning of July as Sales Director, Specialist Mortgages. Upton will be working closely with Matthew Wyles, the Bank’s recently appointed Chief Executive in shaping the bank’s push into specialist lending. Matthew Wyles said: “I’ve worked with Alex since 2013 and…

MarketInvoice has announced that it has appointed Rija Javed as its Chief Technology Officer (CTO). Javed joins from Wealthfront, a leading Silicon Valley based start-up. Javed becomes one of the first female CTOs at a fintech in the UK, breaking another glass ceiling for women in finance. In the role, she will be responsible for…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial…

Latest statistics from the UK Finance’s business finance for April 2018 has revealed that UK business borrowing contracted slightly by 1.7 percent in the last 12 months. However, within industry sectors, there was a mixed picture with manufacturing maintaining strong growth at 8 percent while construction contracted by 6.3 percent in the year. In addition, UK business deposits grew…

The number of small firms planning to decrease investment has hit an 18-month high, according to new research from the Federation of Small Businesses (FSB). It was announced on Friday that UK business investment fell to £46.1 billion between Q4 2017 and Q1 2018. Seven in ten (69%) small firms are not planning to increase…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 5% in March, compared with the same month last year, and by 3% in Q1 2018 overall. New finance for business equipment grew in March by 13% compared with the same month…

New research from insolvency firm, Begbies Traynor has revealed that nearly 43,000 retailers ended the period in a state of ‘Significant’ financial distress. According to Begbies Traynor’s Red Flag Alert research for Q1 2018, which monitors the financial health of UK companies, 42,958 retailers were experiencing ‘Significant’ financial distress at the end of March 2018, up 21%…

The board of Hampshire Trust Bank plc have announces the appointment of Matthew Wyles as the Bank’s new Chief Executive Officer subject to regulatory approval. Wyles will join Hampshire Trust Bank with immediate effect as CEO (Designate). This follows the announcement late last year that Mark Sismey-Durrant, who has been CEO since 2012, had decided…

Just 11% of the £416 billion in the total stock of loans to businesses are now being provided on a fixed rate – dropping by a third from 18% two years ago – leaving businesses with huge exposure to rising interest rates, says Hadrian’s Wall Capital, the London-based specialist debt adviser. The drop came as…

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