Almost a third (30%) of people in the North West would be better off if interest rates were to rise by one per cent or more in the next 18 …
Category Archives: Finance
Fridge van firm secures £200k for growth
A fast-growing business which manufactures insulated linings for refrigerated vehicles is planning to double in size following a £200,000 loan from Lancashire’s Rosebud Finance. The funding will allow CoolKit to …
IFA aims for 100 offices
A Chorley-based firm of Independent Financial Advisers (IFAs) has secured a £100,000 loan from Lancashire’s Rosebud Finance to pursue its ambitious growth plans. Cheetham Jackson Ltd, which employs 16 people …
Recovery kicks in as insolvencies fall again
The number of companies entering administration decreased for the fourth time in a row in the second quarter of 2014, to reach the lowest level since 2005, according to the …
IVAs on the rise as consumers seek debt solutions
The number of people taking out Individual Voluntary Arrangements [IVAs] to resolve debt problems reached a record high in the second quarter of the year, according to the government’s official …
Banning ‘ransom demands’ could save 2,000 businesses, says R3
Over 2,000 businesses could be saved each year by measures to prevent utility companies and other key suppliers from demanding ‘ransom payments’ from insolvent companies, according to the insolvency trade …
Record first half as Enterprise Ventures invests £14.6m
Enterprise Ventures, which provides equity and debt finance for SMEs, invested £14.6m in the six months to the end of June 2014 – up from £11.4m in the same period …
Interest rate rise would hit 1 in 3 businesses in North
Nearly one in three businesses (29%) in the North would be in financial difficulty if interest rates rise by 1% or more in the next 18 months, according to a …
R3 welcomes government report on pre-packs
A government review of pre-packaged administrations has been welcomed by the insolvency trade body R3. The review, led by accountant Teresa Graham, confirms that pre-packs do save jobs and reduce …