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Late payments bill proposed to support SMEs

A private members bill in the House of Lords has been introduced to offer greater support to small- and medium- enterprises, to protect them from late payments, often by larger organisations. The bill, proposed by Lord Mendelsohn, would reduce the statutory limit for payment of invoices to 30 … [Read more...]

Stockport fintech company plan for 2020 growth

Stockport based fintech business, takepayments, plan to expand during 2020 as the UK continues to head towards a cashless society. Takepayments is the new name for Payzone’s card terminal and EPOS business, providing debit and credit card acceptance to small businesses and sole traders. The … [Read more...]

North West retailers have falling risk of insolvency

An assessment by insolvency trade body, R3 has found retailers in the North West have lower risk of insolvency of any UK region besides London and the East of England, despite the headlines of the struggles of some well-known chains. R3’s figures found that 38.7% of retailers in the North … [Read more...]

Cheadle specialist lender appoints new UK Head of Field Sales

Sean Williams (pictured) has joined Cheadle based specialist lender, Together, as Head of Field Sales. Having previously held the role of Regional Head of Customer Banking with Clydesdale and Yorkshire Banking Group, Sean will be responsible for the professional sector team of development … [Read more...]

Bank of England stress tests proposed for risks of climate change

The Bank of England has published a discussion paper to set out its proposals for stress testing the UK’s financial institutions' resilience to climate-related risks. The framework will form the basis of the 2021 Biennial Exploratory Scenario (BES). This stress test will examine how the largest … [Read more...]

Together initiative reaches £1 billion pipeline

Stockport based specialist lender, Together, has announced the company has generated £1 billion of applications through its flagship initiative, Together+. The Together+ scheme launched in January 2019 to strengthen relationships between the lender and a group of specialist distributors, … [Read more...]

Heartwood Investments reflect on impact of Conservative win

Heartwood Investments, a wholly owned subsidiary of Handelsbanken plc, take a look at the likely financial impact of the Conservative Party's victory in yesterday's election. As dawn rose this morning, the results of Thursday's general election were clear: the British public has given current … [Read more...]

2020 ringing in changes to landlord tax relief

As the UK counts down to the end of 2019, 2020 is ringing in changes to landlord tax relief that could leave sellers with a substantial tax liability. If you are a landlord with a buy to let residential property, and are considering selling, then read on as timing is everything. A day’s … [Read more...]

Cheadle finance company lends £200 million in record month

Cheadle finance company, Together, has revealed it broken records for the total lent in a single month in its latest quarterly figures. Together reported it had lent £207 million in October – the largest monthly total in its 45-year history. The specialist lender said it had boosted its total … [Read more...]