27th November 2018
Maven Capital Partners has provided Mansfield-based Proskins Limited, a manufacturer of sports and fitness apparel, with a £250,000 funding package from the Midlands Engine Investment Fund (MEIF), supported by the European Regional Development Fund.
The investment will be used to implement an ambitious marketing strategy to capitalise on the growing demand for its products globally and help build the firm’s presence in Germany and the US, whilst creating 10 new jobs in North Nottinghamshire.
Proskins designs and manufactures high performance leisurewear, including a wide range of men’s and women’s clothing which uses ‘compression technology’ to address poor blood-flow and fluid retention. The company has also developed a range of cosmetic products aimed at the beauty market.
26th November 2018
The UK online alternative finance market volume grew by 35 percent in 2017, to £6.2 billion (from £4.6 billion in 2016), as peer-to-peer business lending became an increasingly important part of overall financing of smaller British businesses, according to the 5th UK Alternative Finance Industry Report by the Cambridge Centre for Alternative Finance (CCAF)
26th November 2018
ZOPA has stood by its decision to tighten its credit policy, claiming its loan performance has remained steady despite default expectations increasing slightly.
19th November 2018
the UK’s number one theatrical chandlers, has secured funding from to facilitate a management buy-out (MBO).
9th November 2018
Pioneering ethical P2P/crowdfunding platform Abundance equity raise on Seedrs is now fully funded with more than the £1.2m target raised. It took just 13 days in the end and attracted more than 750 investors, the majority of whom were Abundance’s existing customers, achieving the companies aim to share its success and ownership with its remarkably loyal customer base.
6th November 2018
Goji launches a low-cost self-invested personal pension (SIPP), to open up this fast- growing asset class to even more investors. This SIPP allows investors and financial advisers to access the benefits of Direct Lending, such as additional diversification and low volatility returns, through a tax efficient pension wrapper.
Goji are offering the SIPP via a white-label solution from Morgan Lloyd, the established SSAS and SIPP provider. The SIPP will be available via Goji's online platform and advisers will be able to choose to transfer funds from their clients' existing SIPP provider or invest new funds. It will allow advisers to add value to their clients by incorporating risk managed, alternative investment products in a tax efficient SIPP at a low cost.
2nd November 2018
MEIF Maven Debt Finance, managed by Maven Capital Partners, has provided DTC International Limited, a telecoms lifecycle management company, with £350,000 of debt funding. The funding will enable DTC to develop a state-of-the-art training centre, which will support its ambitious growth strategy, creating 40 new jobs in the South East Midlands.
1st November 2018
Independent Growth Finance (IGF), a leading independent asset based lender, has announced
29th October 2018
The British Business Bank, the UK government-owned economic development bank, has announced a second £51m tranche of funding for Henry Howard Finance under the Bank’s ENABLE Funding programme. The transaction is the latest made under the programme, which aims to increase the supply of finance to smaller businesses in the UK looking to acquire business critical assets to boost their growth.
22nd October 2018
IW Capital has announced senior loan funding of £1.1 million to assist in the acquisition of Troika Systems Ltd, a global leader and specialist supplier to the printing and packaging industry.
Troika Systems Ltd is a long-established and award-winning UK manufacturer and distributor of 2D and 3D microscope scanning and management systems. Fresh Equity Limited, the Midlands-based SME investor, will be working with the management team to further grow the sector profile of Wiltshire-based Troika and its presence in the global marketplace.
22nd October 2018
CrowdProperty, the specialist property peer-to-peer lender, has now repaid over £10,000,000 to lenders, continuing its 100% capital and interest payback track record.
11th October 2018
Goji, the investment manager and platform focused on Direct Lending, today announced it has reached over £100 million in assets on its platform, aiding Goji's mission to open-up the Direct Lending sector to advice. This milestone coincides with Goji becoming a partner of SimplyBiz, the largest adviser-support network in the UK.
Direct Lending is the world’s fastest-growing asset class, yet little of that is advised – it is mostly institutional money or direct investors using one of the large P2P lending platforms. Advisers have been cautious of the asset class, perceived as relatively new and untested, but in light of recent HMRC figures in September 2018, as well as the growing assets on the Goji platform, the tide appears to be turning.