Credit, Collections & Insolvency News
Shawbrook Bank, a specialist lender to UK SMEs, has announced that it has completed an acquisition of RateSetter’s peer-to-peer funded development finance business with facilities totalling £167 million. The addition of the RateSetter business including the associated loan portfolio will add more than 100 new active clients to Shawbrook’s existing Development Finance customer base. The…
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Office for National Statistics (ONS) survey data has indicated that over one in four (27.9%) of UK pub and bar operators have fears that their business would fail even before the latest coronavirus lockdown restrictions were announced. Meanwhile, less than one in five (19.1%) of responding pub and bar businesses had high confidence in surviving…
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The Government has announced that the furlough scheme will been extended until the end of April 2021, meaning that the Government will continue to contribute 80% towards wages. The Government says that it has made the move to ensure firms can access the support they need through continuing economic disruption. So far, the Coronavirus Job…
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The Treasury has announced extensions of its business loan guarantee schemes until the end of March. These had been due to close at the end of January. The new round of funding from the Treasury covers the Coronavirus Business Interruption Loan Scheme, the Bounce-Back Loans Scheme and the Coronavirus Large Business Interruption Loan Scheme. Bounce-back…
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Webio has announced that it ranked number 2 in the 2020 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Ireland. The Technology Fast 50 award program recognises the fastest-growing technology companies in Ireland and is based on the percentage of operational revenue growth over a four-year period. With revenue…
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Ofwat and Water UK have today published a report that explores the potential impact Covid- 19 might have on the water sector in England and Wales. The report was prepared by Frontier Economics supported by Atkins. Covid-19 is having a significant impact on all aspects of the UK economy and will continue to do so…
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New figures published by HM Treasury has shown that over 1.5 million businesses across the country are supported by the UK’s banking and finance industry with a total of over £68 billion in lending through government-backed coronavirus lending schemes. Over 34,500 small and micro businesses have accessed a Bounce Back Loan over the past month,…
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