Author: Maung Aye

Insolvency Service to be handed new powers to target unfit directors of dissolved companies

Directors who dissolve companies and leave creditors “out of pocket” may be disqualified for up to 15 years under new measures that were part of a bill put before Parliament on Wednesday, 12 May 2021. Under current rules, the regulator only has powers to investigate directors of live companies or those entering insolvency. According to…
Read more

UK ranks third globally for venture capital tech investment

According to a report prepared by Tech Nation, a UK government funded research organisation, the UK tech sector as a whole attracted some $15 billion (£10.8 billion) in VC investment in 2020, behind only the United States and China, but ahead of all of Europe.

UK tech sector growing despite Covid-19 impact

Research published by auditors RSM have determined that the number of new tech companies established in the UK rose by 13 per cent in 2020, and highlights the underlying strength of Britain’s thriving technology sector.

Barclays, Lloyds Bank, NatWest and more approved to offer finance under Recovery Loan Scheme

Following the recent launch of the Recovery Loan Scheme (RLS), it has been announced that Barclays, Lloyds Bank and NatWest are among the 19 accredited lenders to offer finance.

Over £75 billion borrowed under the coronavirus loan schemes

The total value of lending to small businesses has ramped up ahead of the closure of the coronavirus loan schemes, a recent report has shown.

What is the Recovery Loan Scheme and how can it support your business?

Announced this month as part of plans to restart the British economy, the Recovery Loan Scheme could help your business grow and return to profitability. But what is the initiative and how does it work? In this blog, we’re answering the questions you need to know.

Record growth and investment in UK cyber security despite coronavirus pandemic

The UK’s cyber security sector attracted “record investment” last year despite the Covid-19 pandemic, a major study has revealed.

Private debt lending is an increasingly “valuable” source of finance for UK businesses

Private debt lending has grown significantly since 2008 and is becoming an increasingly “valuable” source of finance for businesses.

New funding announced for “green entrepreneurs”

“Green entrepreneurs” have been invited to apply for a share of £11 million in funding through the Energy Entrepreneurs Fund (EEF).

Boohoo adds Debenhams to growing portfolio after £55 million acquisition

Online fashion giant Boohoo has added struggling department store Debenhams to its business portfolio for a reported price of £55 million, reports have revealed.