A third of the 1.1 million UK SMEs with EU suppliers would be unable to operate without imports from the bloc, according to the latest SME Confidence Tracker from independent financial services provider, Bibby Financial Services (BFS). The research news comes as a potential ‘no-deal’ Brexit threatens to disrupt trade between the UK and EU, and…
The Director of a financing company has received a ten-year ban after heading a false invoice scheme to secure £4 million of illegitimate funds. David Marsden, from Exeter, was the Director of finance company First Capital Factors (FCF). Incorporated in 2009, FCF offered recourse factoring facilities for small and medium businesses where they would buy a company’s…
Alternative business lender, Spotcap has announced Sophie Peacock as the winner of the Fintech Fellowship for 2018. Running for its second consecutive year, the Fellowship awards one UK-based masters or MBA student with a £8k scholarship. By supporting aspiring talent, the initiative aims to plug the fintech skills gap by raising awareness of career opportunities in…
A new poll commissioned by British Business Bank, the UK government-owned economic development bank, has revealed one in three (33%) smaller business owners want to grow their businesses but are unsure on how best to achieve that growth. Often, smaller businesses want to grow but just don’t consider, or know of, the alternative finance options available…
Peer-to-peer lender, Assetz Capital, has agreed on a deal with Connect for Intermediaries to be the first network that it distributes its products through. Assetz Capital provides commercial loans, development finance, bridging and buy-to-let to brokers who are part of its specialist network or use the Connect for Intermediaries packaging arm. It will provide both first and second…
Independent financial services provider, Bibby Financial Services (BFS), has announced the expansion of its global headquarters in Banbury, North Oxfordshire, in line with its strategic growth plan. First moving to Banbury Business Park in 2016, BFS has now relocated its Construction Finance, Trade Finance and Export Finance divisions from Packington House, Horse Fair, to the…
The winners of the second annual 2018 Credit & Collections Technology Awards have been revealed. There were sixteen winners from the eighteen Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation. The awards ceremony was held at Credit Services Association’s (CSA) annual Gala dinner at the…
The winners of the second annual Credit & Collections Technology Awards were announced last night at the Credit Services Associations’s annual Gala dinner at the Crown Plaza in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation were revealed. Stay tuned…
Lending criteria sourcing provide, Knowledge Bank has announced that is now offering brokers the ability to perform criteria searches within two lending types: Bridging and Commercial. The addition of the new sectors has added over 9,000 individual criteria to the Knowledge Bank system taking the total criteria held by the system to over 70,000. This…
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year. New business for deals of up to £20 million increased by 10% over the same period. The IT equipment finance and…