Cashflow finance provider eCapital Commercial Finance (eCapital) has appointed Lisa Cleaver as Chief Operating Officer (COO). In her role as COO, Cleaver will focus on driving operational efficiency throughout the business while ensuring eCapital’s strategic vision translates effectively into execution. David Tilling, CEO at eCapital, said “Lisa’s appointment demonstrates our commitment to building a strong…
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Small and medium-sized enterprises (SMEs) across the UK are urging the government to take decisive action to stimulate economic growth, with tax cuts and skills development emerging as key priorities. New research from specialist lender Shawbrook shows that over a third of SME leaders believe tax breaks for reinvestment (36%) and research and development (34%)…
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Two connected technology companies which claimed to protect people online and enhance their social media image have been shut down by the Insolvency Service following concerns they were running a direct debit scam. Manchester-based companies Affinity Technology Solutions Limited and RCSR Tech Limited were both wound-up at the High Court. Affinity claimed to offer a…
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The Bank of England Monetary Policy Committee (MPC) has voted to hold interest rates at 4.5%. Commenting on the latest update from the Bank of England, Neil Rudge, Chief Banking Officer for Commercial at Shawbrook, said “The Bank of England has chosen to keep the base rate frozen in the final decision of the tax…
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Latest figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew in January 2025 by 2% compared with the same month in 2024. In the twelve months to January 2025, new business was 3% higher than in the same period in 2024. The…
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A company director has been disqualified after failing to provide accounting records when her company went into liquidation owing an estimated £319,000 in corporation tax. Jenna Lennon was the sole director of Hope & Pride Limited, which was incorporated in March 2019 and described its business on Companies House as “other information service activities not…
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The Institute of Credit Management (CICM) has announced that it has appointed Debbie Nolan as Head of Professional Development. Nolan joins to focus on continuing to shape the CICM’s professional development programme, supporting individuals and organisations in enhancing their credit and collections skills. She brings extensive industry experience to the role and has a…
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Almost half of businesses (48%) are deferring capital expenditure until after the Spring Budget according to research by Bibby Financial Services (BFS). As the Spring Statement approaches, the UK’s small and medium sized businesses are eager for economic clarity before committing to major investment decisions. SMEs have strong ambitions for growth, with 87 percent planning…
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Time Finance has released new data that has found that businesses’ understandings, attitudes and behaviours towards commercial finance, with loans topping the bill as the most commonly and widely used form of finance. Figures found that 93% of UK businesses are aware of loans, in comparison to only 76% who are aware of Invoice Finance,…
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New data from Atradius has revealed that 65% of UK businesses are confident in their ability to overcome Budget-related challenges and continue growing. This optimism is supported by a decline in claims across two-thirds of sectors compared to February 2024, signalling a positive start to the new financial year. Sectors experiencing the most significant drop…
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Close Brothers Premium Finance (CBPF) has announced announced the appointment of a new Commercial Director Colin Wallace move from his role of Sales Director Personal Lines, to take up the newly created role of Commercial Director. In his new position, Wallace will lead the businesses’ commercial activities, oversee the ongoing development of product, brand, and…
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Chancellor, Rachel Reeves is set to announce 60 measures aimed at reducing regulatory burdens and stimulating economic. With between 100 and 130 regulatory bodies currently in the UK, the Government plans to significantly cut this number. The new ‘radical action plan’ will be published following consultations with regulators, as the Government seeks to address deteriorating…
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A taxi driver jailed after inflating turnover to secure three Covid Bounce Back Loans. Nelson Clark fraudulently applied for three Bounce Back Loans in 2020 by significantly exaggerating his turnover.cHe then used the funds for personal use, breaking the rules of the scheme again. Clark from Dartford, was sentenced to two-and-a-half years in prison when…
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