CBIL & BBL schemes available from Skipton Business Finance
Here at Skipton Business Finance we love to celebrate success, especially when we have helped one of our clients achieve their goal.
A year ago we saw the potential of TH Brown Limited, a local driver hire company in South Humberside struggling to cope with some difficult market conditions and an unsupportive bank.
We saw their potential, they had a plan, a vision of where they wanted to go and we were able to provide the funding to get them started on their journey.
Both the Asset Based Finance Association (ABFA) and Skipton Business Finance have welcomed the announcement by the Department for Business, Innovation and Skills (BIS) that it will outlaw contractual clauses used by big businesses to prevent their SME suppliers from securing funding through Invoice Finance.
Some councils still making contractors wait 40+ days for payment
SME subcontractors hit by double wait for payment
Local councils are lagging far behind Central Government guidance on prompt payment of suppliers, shows new research by the Asset Based Finance Association (ABFA), the body representing the asset based finance industry in the UK and the Republic of Ireland.
The services sector in the UK grew at a faster rate than expected in May.
The Markit/CIPS services purchasing managers' index (PMI) eased slightly to 58.6 in May from 58.7 a month earlier whilst predicting that the economy as a whole would grow by 0.8% in the second quarter of 2014.
That would push the economy past its previous 2008 peak.
A Skipton Business Finance spokesperson said: “The UK economy grew at its fastest pace in more than six years in the first quarter of 2014 and is expected to be among the fastest-growing Western economies.”
The The Confederation of British Industry (CBI) have said today that the outlook for the economy over the next QTR is “exceptionally strong” – great news for businesses throughout the UK.
Its latest monthly survey of 675 firms, had indicated that growth expectations were the strongest since the CBI started collecting data in 2003. Among the strongest areas for growth are the retail and services sectors whilst manufacturing businesses also reported solid progress.