SME-focused alternative lender Just Cashflows has announced that it will offer all its customers a ‘first line of defence’ against fraud that it says currently costs SMEs nearly £1.5billion a year. Businesses will now be able to use the software to gauge the propensity for a customer or business to be involved in fraudulent activity,…
UK businesses are planning a £1.7 billion investment boost over the next two years as Brexit uncertainty ends, a new survey has revealed. Plans to expand premises and employ more staff top the agenda for small and medium sized enterprises (SMEs), according to the results of the study by finance specialist Together. More than a quarter…
Crystal Specialist Finance has announced the appointment of Jason Berry as Group Sales Director. Prior to his new role, Berry worked at Uinsure, Platform Home Loans and St James’s Place Wealth Management. Crystal Specialist Finance managing director Jo Breeden said “We are delighted to be working with Berry, this is a great appointment. His reputation…
Property finance specialist LendInvest has announced that its Co-Founder and Chief Executive Officer (CEO), Christian Faes, is handing over day-to-day management of the business to a long-serving member of the management team. Rod Lockhart will become the CEO of LendInvest and joins the company’s Board of Directors. Faes, who co-founded LendInvest in 2008, remains fully…
With today marking two years since the implementation of the Second Payment Services Directive (PSD2) in the UK, the Federation of Small Business (FSB) has highlighted figures which show the minimal impact of the legislation to date. The FSB says that PSD2 paved the way for Open Banking – a set of interfaces which give consumers…
SME lender Simply has made a raft of new year promotions. The company has announced that it has made five senior promotions in recognition of the hard work and the important role they play in the growth of the business. John Wiles is promoted from Sales Director to Managing Director. Other promotions see Chris Etherington…
Data from loan firm Iwoca has shown that 1,200 small business owners applied to Iwoca for finance between Christmas Eve and New Year’s Day. The data from the 2019 Christmas week shows that many SME owners were focused on big decisions about their businesses. More than 1,200 applications were made to Iwoca between Christmas Eve…
The Government has welcomed an independent review that recommends changes to the Loan Charge, while also confirming that it was a ‘necessary’ response to the tax avoidance schemes it was designed to tackle. The Review, led by Sir Amyas Morse, was commissioned to look at the impact of the charge, which was introduced to tackle…
Bibby Financial Services (BFS) has appointed Jim Davis as Managing Director (MD) for Construction Finance as it looks to further its support for SME businesses in the sector. Joining BFS from Yorkshire Bank in 2011, Davis held the role of Head of Sales for the West Midlands since 2011and was instrumental in the opening of BFS’s…
Bank lending to small and medium sized (SME) retailers in the UK has fallen 6% from £15.6 billion to £14.7 billion since the Brexit vote in 2016, meanwhile large retailers have benefited from a sharp rise in bank lending, says accountants and business advisors, Moore. Over the same period that lending to SME retailers has…