Number of new regulations in Britain at record high

I was asked to comment on Regulation by FMWF (Financial Mail Woman’s Forum) relating the Story the “Number of new regulations in Britain at record high”. Here is what I said: “It is a can of worms. A good idea on the political level often cannot be implemented on the front line. Everything is now...

You're set for a happy business year as new lenders join the ASC panel

Happy New Year to you – may it be full of great fortune and success. Who says there aren’t any new lenders? – We have just set up a new special relationship with a very reputable asset based lender – and: they deliver! So in cases where you can’t use a property as security, we...

Can you access the funds you need - the rates you want - terms you are happy to work with?

Can you access the funds you need – the rates you want – terms you are happy to work with? If so, then you don’t need to read on… Here is another prime example how banks work today. An ASC client company had a £3m loan secured with their bank on a £8.1m commercial property...

Bad business decisions in the past are no excuse to blame banks

Yesterday I received an online trade magazine and it quoted a borrower who demanded that the “nationalised banks” should help him more. The borrower’s financial parameters were described as follows: A Buy to Let investor with 55 properties, capital introduced 15% with a gearing of 85% on past values and he was very concerned that...

Why banks are structurally incapable of efficiency

I read yesterday a fantastic article in the FT by Tony Jackson. It is a brilliant analysis why Banks make all the mistakes they make – he says that, “most economic activities work best if people on the ground are free to make decisions. In banking, by contrast, decisions have been sucked into the centre....

Lending to Small UK Companies is at an All-Time Low

We found a lender to buy a ferrari

The reasons why small businesses don't want to borrow

Everybody seems shocked that lending to small businesses is “tumbling”. I am not. It is clear that SMEs are being battered by lenders – look at the interest rate charges. With base rates at 0.5%, lenders are charging 3 – 4% margins (if you’re lucky), some are 5 – 6% and I know of cases...

3 Reasons not to raise money now

Are banks lending enough?