, part of Bank of Scotland’s Capital Bank Motor division, has launched a new sub-prime finance product for motor dealers. The bank says that FINAX First ‘provides an alternative finance option to dealers, should a customer’s initial application for prime finance be declined’.
Chinese businesses are the most likely to access bank finance at start up with African-Caribbean businesses the least, according to a British Bankers’ Association survey. Some 51% of Chinese businesses, and 31% of African-Caribbean businesses, obtain external finance at start-up, according to the survey.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.