John Hewitt Jones

Central London office space bounces back

Thu 11 Aug 2016

The amount of Central London office space leased by businesses recovered from a previous dip to reach 980,400 sq ft in July. This is 24% above the level seen in June and the strongest monthly average since March, according to CBRE. July’s office take-up in Central London remained below the 10-year average of 1.1 million […]

SMEs hit disproportionately by payment delays

Mon 8 Aug 2016

Small businesses are waiting over six weeks longer than big businesses for invoices to be paid, according to the Asset Based Finance Association (ABFA). Businesses with a turnover of less than £1 million now wait 33 days longer than business with a turnover of more than £500 million, according to the body which represents the […]

Bibby Financial Services signs deal to save Surfanic skiwear

Mon 8 Aug 2016

Bibby Financial Services has agreed a £2.6 million funding plan to support skiwear company Surfanic International Ltd. The deal is a combination of £700,000 in trade finance to support the business with its imports capacity and £1,900,000 invoice financing for its UK trade. Essex based Surfanic International Ltd designs and manufactures skiwear for UK retailers. […]

Commercial rents stable in July

Mon 8 Aug 2016

Rental values across the UK’s commercial property market were steady in July, while capital values fell by -3.3%, according to the latest CBRE Monthly Index. The fall in capital values pulled year-on-year growth down to 0.4%. Heightened economic uncertainty hit companies in the City, shrinking capital values by -6.1%. Overall capital value decline in the […]

Sourcing systems an aid not a solution, say Clever Lending

Mon 8 Aug 2016

Despite growing use of automated sourcing systems for second charge mortgages, master broker Clever Lending argues new technology cannot replace the conventional lending decision process. While new technologies narrow down potential options in a rapidly changing market environment, the personal touch is necessary to carry out more complex assessments of clients’ circumstances. Sam Kirtikar, managing […]

PM backs SMEs at Downing Street roundtable

Thu 4 Aug 2016

Theresa May will meet small and medium sized enterprises to discuss how to create a more productive, higher skilled economy. The Prime Minister will say SMEs are the backbone of the British economy, and state that the government will support a more productive, high skill economy open to new technologies and opportunities. Business leaders in […]

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