Category: Finance

Development finance applications up 15% in Q2

Finance, Economy

Applications for residential development finance loans grew 15% in the second quarter as smaller residential developers increased their market share, according to research from Thistle Finance which also revealed that the average size of development finance loan applications fell by 9% in Q2 when compared to Q1. Mark Dyason,...

Continue Reading

Fall in insolvencies ‘may only be a blip’

Finance

New figures highlighting a quarterly fall in corporate insolvencies may only be a blip in an underlying upward trend, according to the Midlands branch of R3. The body is urging business owners not to be lulled into a false sense of security after the Insolvency Service reported that corporate...

Continue Reading

Access to finance one of the biggest drawbacks

Finance

According to a survey from the International Business Festival, access to finance was one of the biggest factors behind SMEs launching their business. The survey found that 52% of business owners fund growth through asset finance, followed by debt (46%) and equity (40%). Only a third of firms use...

Continue Reading

Rise in UK landlords incorporating their portfolios

Finance

Thistle Finance has reported a 30% rise in the number of UK landlords incorporating their portfolios during Q2 2018 compared with the previous quarter. Commenting on the fact that the average size of portfolios being incorporated fell by around 40%, Mark Dyason, managing director at Thistle Finance, said: “Landlords...

Continue Reading

Demand for bridging finance rises

Finance

According to the MTF Broker Sentiment Survey, one third of the122 specialist brokers canvassed said funding development projects was the most popular reason for completing a bridging loan in the second quarter of the year. This was up from 24% during the same period of 2017. Refurbishment was the...

Continue Reading

UK invoice and asset-based lending up 4%

Finance

Figures from UK Finance have shown that invoice and asset-based lending grew by 4% in the first quarter of 2018, compared to the same period last year. Asset-based lending was up 10.7% to £4.3bn, while invoice finance rose 2.4% to £17.4bn. UK Finance also noted that the turnover of...

Continue Reading

UK Asset finance market rebounds in April

Finance, Funding

New figures from the Finance & Leasing Association (FLA) show that asset finance new business grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial...

Continue Reading

Most SMEs prepared for minimum wage rises

Finance

New research by Close Brothers Asset Finance has found that 80% of SMEs consider themselves well prepared for the recent increase in the national minimum wage. From April 2018, all workers aged 25 and over have been legally entitled to at least £7.83 per hour. However, the profitability for...

Continue Reading

Late payment harming investment

Finance

The FSB said that seven in ten small companies were not planning to increase investment over the next three months, an 18-month high, while one in seven were planning spending cuts, the highest proportion since 2016. FSB chairman Mike Cherry said that the fall in investment was worsened by...

Continue Reading
Call Now ButtonCall us