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13th December 2018

P2PFA platforms surpass £10 billion in lending

Total lending facilitated by P2PFA platforms passed £10 billion during the third quarter of 2018 with the sector’s contribution to the UK economy approaching nearly £11 billion by the end of September – with the most pronounced growth continuing to be found in lending to small businesses.

The quarterly data – which for the first time includes statistics from CrowdProperty which joined the P2PFA in July – reveal that during 2018, platforms have lent more than £900 million each quarter, with the net lending flow of capital increasing between the second and third quarters of the year.

11th December 2018

Does a more challenging period lie ahead for credit investors?

David Absolon, Investment Director at Heartwood Investment Management, looks ahead and assesses the market for credit investors.

7th December 2018

CrowdProperty first property lender to provide performance metrics

CrowdProperty has become the latest peer-to-peer loan originator to disclose their lending performance using Brismo’s methodology. In doing so they have become the first real estate development lender to adhere to an independent performance standard.

6th December 2018

MEIF Maven Debt Finance backs Automotive Macliver

MEIF Maven Debt Finance has provided Automotive MacIiver Limited, the designer of the only multiple car seats for children with a £150,000 debt funding package. The funding will enable the business to invest in its product range, improving efficiencies in its batch manufacturing process, increase stock to meet growing sales and support the appointment of two new business development roles in the Birmingham area.

 

Multimac, invented by Automotive Macliver, is a unique, multi-child car seat which delivers a completely new concept in child car seat safety. By allowing three to four children to be seated in a row, Multimac removes the dangers associated with a seven-seater vehicle, which places children in the boot space of the car, commonly known as the ‘crumple zone’. The Multimac enables up to four children from 0-12 years to be seated in a row of even the smallest cars and is approved for adult use. 

4th December 2018

Capital Step funds the MBO of Brightwater

Capital Step has successfully funded the management buy-out of Brightwater, a leading independent recruitment consultancy with offices in Dublin, Cork and Belfast. The Company provides permanent, contract and executive search and selection services, with a focus on professional services. 

29th November 2018

LPX launches new index for the growing Private Debt Market

With Private Debt becoming one of the cutting edge markets in the broader asset markets, The timely introduction of the DLX Direct Lending Index will give asset managers and analysts the information they need to secure more effective decisions.

29th November 2018

British Business Bank announces new commitment with Funding Cirlce SME Income Fund

The British Business Bank has announced a commitment of up to £150m for lending to UK small businesses through Funding Circle, a global small business loans platform. The new facility will provide senior financing to a transaction with the Funding Circle SME Income Fund Limited (FCIF), a publicly traded fund that lends exclusively through Funding Circle. This new commitment extends the existing partnership between Funding Circle and the UK Government.

28th November 2018

Blackpool business becomes recipient of the 30,000th EFG-backed facility

 

The British Business Banks’s Enterprise Finance Guarantee (EFG) programme has now supported smaller businesses with 30,097 facilities totalling more than £3.2 billion.

 

27th November 2018

Proskins secures £250,000 from MEIF Maven Debt Finance

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

5th UK Alternative Finance Report

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 maintains credit policy as it revises default expectations

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

Flint Hire and Supply secures funding from IGF

Flint Hire and Supply Ltd (Flints),the UK’s number one theatrical chandlers, has secured funding from Independent Growth Finance (IGF) to facilitate a management buy-out (MBO).

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