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…

Together Money has appointed a new UK Head of Field Sales. Sean Williams, who spent over three decades with the Yorkshire Bank has taken up a new role, he will be responsible for the professional sector team of experienced development directors operating in regions across the UK, helping entrepreneurs and SMEs realise their business ambitions.…

Duncan Swift, President of insolvency and restructuring trade body R3 has responded to the Queen’s Speech Swift said “We hope the Government does not miss the opportunity to make progress with much-needed – and long-awaited – corporate insolvency and restructuring reforms. They don’t appear to have been included in any of the planned bills, and…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 2% in October 2019 compared with the same month in 2018, and has risen by 6% in the first ten months of 2019. Within this overall increase, the IT equipment finance…

Henry Howard Finance Group has announced a change of name to Propel in support of the company’s strategic positioning. The company offers SME funding to UK equipment suppliers. Anne Williams, Chief Operating Officer said ‘’Our Propel Promise, being small enough to care and deliver a brilliant personal service to our customers, and big enough to have…

Ultimate Finance has announced that it has partnered with Nivo to invest in facial recognition technology to make it quicker and easier to apply for funding. Nivo gives Ultimate Finance access to a range of leading technology services so they can streamline customer engagement through instant messaging. Features such as biometric ID verification and file…

SME specialist, OakNorth Bank has announced that it intends to expand its debt finance team with four new appointments and will also open a new Birmingham office to support businesses in the MidlandsSteve Mitchell and Marcus Hook will be based out of the bank’s newly-opened Birmingham office aimed at supporting SMEs in the Midlands, whilst …

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…