£10 million in late payments has been paid to small businesses following intervention by the Office of the Small Business Commissioner (OSBC) since it was established in 2017. UK Government research has shown late payments cost the UK economy £11 billion per year with 4,000 businesses closing … [Read more...]
News for: Finance
Together announces further enhancements to funding structure
Cheadle-based property lender, Together, has announced it has enhanced two of its securitisation facilities as it continues to strengthen its funding structure. The firm's £725 million Highfield Asset Backed Securitisation 1 Limited (HABS) warehouse facility has been refinanced onto more … [Read more...]
More than 5.6 million still to file Self Assessment tax return
While 6.36 million headed into 2026 with their tax affairs in order, more than 5.6 million people still need to file their Self Assessment tax return before the 31st January deadline. For those still to file, those who miss the deadline could face an initial late filing penalty of £100 on top … [Read more...]
Claims management company faces FCA investigation
SK-area claims management company, The Claims Protection Agency Ltd., is under investigation by the Financial Conduct Authority (FCA) following concerns over its advertising and sales tactics in regard to motor finance claims. The business, which has traded under names including My Claim Group, … [Read more...]
Bank of England announces cut to interest rates
The Bank of England has announced it has cut its base interest rates to 3.75%, bringing interest rates to their lowest level since early 2023. Economists on the Bank's Monetary Policy Committee (MPC), which is responsible for setting interest rates, voted 5-4 in favour of the cut, with the … [Read more...]
4,800 Self Assessment scams reported ahead of 31st January deadline
More than 4,800 Self Assessment scams have been reported since February 2025, HMRC is warning ahead of the upcoming filing deadline on 31st January 2026. Beyond Self Assessment-related scams, the UK's tax authority has received reports from customers of more than 135,500 HMRC-related scams in the … [Read more...]
Fund manager celebrates £175 million in investment in North West businesses
Fund manager, FW Capital has achieved a major milestone of delivering £175 million in investment into 530 companies across the North West since its inception in 2010. The funding has been provided by three delivered funds - The North West Fund for Loans, The North West Fund for Mezzanine Loans … [Read more...]
Together strengthens funding programme with launch of £200 million facility
Cheadle-based specialist property lender, Together, has announced the successful closing of its £200 million Genesis Asset-Backed Securitisation (GABS) facility. The GABS facility is a revolving private warehouse securitisation maturing in December 2029. It is a tailored facility backed by a … [Read more...]
Chancellor delivers 2025 Budget
Chancellor of the Exchequer, Rachel Reeves, delivered her much anticipated 2025 Budget yesterday (26th November), detailing how she intends to balance the deficit while continuing to invest in public services and drive growth. While a number of tax increases were anticipated, some 'big ticket' … [Read more...]
Together loan book reaches £8 billion
Cheadle-based property lender, Together, has revealed its loan book has topped £8 billion in its quarterly results for the three months to 30th September 2025. The lender's quarterly results revealed average monthly lending rose to £270.6 million, up 0.5% on the same period last year, and up 6.6% … [Read more...]
Work begins on upgrades to Together headquarters
Specialist property lender, Together, has begun work on an £8 million project to upgrade its headquarters in Cheadle Royal to accommodate its future growth ambitions. Construction has started on a providing a link between its Lakeside and Lake View buildings at Cheadle Royal Business Park, … [Read more...]
CN Financial Planning colleague interviewed for choosing traineeship route into the sector
CN Financial Planning’s Amelia Herbert CeMAP, a CeMAP Diploma and DipFA holder, has been featured in an article by Walbrook Institute London LIBF discussing alternative routes into a career in the sector. Rather than taking the traditional university route into financial planning, 21-year-old … [Read more...]
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