Findings from the latest Business Insolvency Index from Experian shows that every UK region besides the North East, East Midlands and Eastern posted a decrease in the number of business insolvencies in July. The biggest fall in England was recorded in the South East where 249 companies entered insolvency, a decrease of 19.4 per cent. Within the UK, Scotland has seen the sharpest improvement. The UK region, which traditionally has some of the lowest insolvency rates, saw 65 businesses fall away in July, a fall of 25.3 per cent over
Read more →Details of a new scheme to help make £80 billion of loans more accessible and cheaper for households and businesses have been announced by Bank of England and the Treasury today. George Osborne, the Chancellor, and Sir Mervyn King, Bank of England Governor, first revealed the “funding for lending” scheme last month, under which the Bank of England will give banks cheap access to finance if they then lend in turn to cash-strapped businesses and home-buyers. via Bank reveals cheaper loan scheme | The Times.
Read more →Penta Capital has provided £8 million in new acquisition capital to Six Degrees Group, to coincide with the business undisclosed purchase of Cloud Computing Centre CCC.Six Degrees Group operates in the managed data services sector and was set up following the sale of Mills previous business, SpiriTel, to AIM-listed communications company Daisy Group for £27 million in November 2010.It was created by securing £60 million worth of funding and buying up data centre provider UKSolutions, technology business NetworkFlow and voice player Protel, all with help from Penta Capital.According to a
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