New research has indicated that bank lending to SME construction businesses has fallen by almost £1.2bn following the collapse of Carillion, dropping to £15.46bn at end of September 2018, down from £16.63bn on 30 September 2017. The study has been carried out by specialist debt adviser firm Hadrian’s Wall Capital. Hadrian’s Wall Capital says that…
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One in five Brits now never carries cash, a study has found. Researchers who polled 2,000 UK adults found many are now opting to pay using different methods such as chip and pin and smartphone payments. Half believe cash is ‘on the way out’ and will ‘soon’ be superseded by alternative ways of paying for…
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Registry Trust has announced that Mick McAteer Deputy Chair. Registry Trust is a non-profit organisation which collects decree and judgment information from jurisdictions across the British Isles and Ireland. McAteer, who has been an independent director of the Trust since 2016, takes up the position with immediate effect. Malcolm Hurlston CBE remains chairman He is…
Read moreJudgments against businesses in England and Wales jumped nearly a third during the third quarter of 2018, compared with the same period a year ago, according to figures released today by Registry Trust. During Q3 2018, there were 32,629 CCJs against businesses in England and Wales, 32 percent more than in Q3 2017. The total…
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UK businesses are missing out on £85 billion each year due to a lack of digital capability, according to the latest Lloyds Bank Business and Charity Index. The report highlights that this issue is particularly acute for sole traders, of which 41% have low digital capability. Despite this, UK business looks set to enter a…
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Barclays has announced that it has appointed Tasnim Ghiawadwala as its the new Head of UK Corporate Banking. Ghiawadwala joins the bank from Citi, where she spent 21 years most recently as Head of Commercial Bank Europe, Middle East and Africa. At Citi, she held a range of roles across Investment Banking, Corporate and Commercial…
Read moreSecure Trust Bank Commercial Finance has bolstered its regional presence with the appointment of John Copping as Regional Sales Director for the North West. Copping joins from RBS, where he worked for 33 years. His most recent role was Regional Head for Williams & Glyn’s Structured Finance team in the North, in which he specialised…
Read moreA new research study, commissioned by Satsuma has found that working parents are paying for, on average over £20 per week, on extracurricular activities during term-time. Over 50% of UK parents struggle with the financial strain of these activities; one in three actually have no option but to stump up for sessions as they form all…
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The number of business debt judgments registered in the Republic of Ireland during the third quarter of 2018 fell to the lowest levels on record for any third quarter, according to figures released today by Registry Trust. In Q3 2018, 137 business judgments were issued, 10 percent fewer than Q3 of last year and the…
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TSB is publishing flagship research in Parliament today on the impact of better banking and business services on the productivity of British SMEs. At an event hosted by the All-Party Parliamentary Group on Fair Business Banking, TSB will launch its ‘Boosting Local Business’ report which reveals that giving small businesses access to the products, tools and advice they need…
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Trade credit insurer Atradius has published a new report revealing the challenges and opportunities facing the global machinery and engineering sector. The Atradius Market Monitor reveals that after a reasonably good performance in 2017 and a continuing trend at the start of 2018, growth within the sector is expected to slow alongside a rise in…
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The number of debt decrees registered against Scottish businesses rose by more than a third during the third quarter of 2018, according to figures released today by Registry Trust. There were 754 decrees issued against all businesses in Scotland during Q3 2018, 34 percent more than during the same period the previous year. A 44…
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Small business lender Iwoca has announced that Seema Desai has been named Chief Operations Officer (COO). Desai joins a small but growing number of women at C-suite level in the fintech industry. Desai joined iwoca in January 2017 as Head of People, developing Iwoca’s talent and organisational capabilities. Prior to joining Iwoca, Desai led the…
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