In Reference Appointments & Updates
SMEs typically paying employees around 20% less than large firms. While SMEs are more engaged in new
organisational or marketing practices than large firms, and sometimes more innovative in developing new products and processes, many continue to struggle disproportionately to navigate the increasing complexity in technologies and markets. “We need a fundamental rethinking of
SME and entrepreneurship policies to improve business conditions and access to resources. This will enable workers to have higher wages and greater productivity, as smaller employers harness major trends like digitalisation,” said OECD secretary general Angel Gurría, launching the report at the annual OECD Forum. “We need a renewed policy and measurement agenda to understand how countries, regions and cities can capitalise on their many diverse small businesses as drivers for inclusive and sustainable growth.”
Bibby Financial Services has provided a £1m trade and invoice-finance facility to Crown Greetings UK, a family-run gift- wrapping wholesaler supplying prominent high-street retailers in the UK and USA. Dan Burton, regional head of corporate
at Bibby Financial Services, said: “In such a short space of time, Crown Greetings has established itself as a trusted and reliable wholesaler, developing an impressive portfolio of customers that are effectively propelling its growth. “Our team recognised the importance
of Crown Greetings’ overseas operations, and specifically tailored the facility to help overcome any cashflow or supply issues during the importing and exporting of its goods.”
A report detailing the major economic and political updates of North American markets has been published by Atradius. The Atradius North American Country
Report is a free publication for any business that is trading, or seeking to trade, within the region. Richard Reynolds, head of strategic
accounts, said: “Knowledge is the bedrock of sound trade and an informed business is more likely to successfully mitigate the risks
June 2019
Liberis Finance is helping Diva Pets to invest in new products, services and staff training to grow its dog grooming and pet supply business with its alternative funding solution – the Business Cash Advance. Wayne Briscoe, business owner,
opened the Doncaster-based store in 2012 after spotting a gap in the market and when a well-located retail outlet became available. He said: “As with any business, we had to put in months of perseverance without making so much as a penny. “We just had to stick to our guns, but in time it really paid off. The last few
years have been chock-a-block and we have now been rated as the number one dog groomer in Doncaster.”
of international trade. If you are only trading with one customer, it is easy to focus only on their individual track record. “However, it is imperative to also keep an
eye on the wider market and the potential impact that economic or political changes may have upon your customer, and their customers, and the overall sector. “With experts on the ground in markets
around the world, Atradius is able to give real-time insight to the changing economic and political environment as well as offer a performance rating of key sectors within each market.”
ArchOver is expanding its presence in the UK with a new office in Hatfield. The regional hub will provide successful businesses in Hertfordshire and Bedfordshire with P2P loans to fund growth. “ArchOver’s new office is at the
heart of commercial activity in the Hatfield Business Park and will provide a platform to inject much-needed finance into that already thriving landscape. I am excited to be part my home region’s growth – and to lead this expansion of ArchOver’s existing successful business model,” said ArchOver CEO Angus Dent. “Too many companies make the mistake
of seeing the world through a ‘London- only’ lens. This country is full of fast- growing, sustainable businesses looking for supportive funding to help them grow – something that neither the government nor the banks seem to understand. Our new office in Hatfield will help local companies get access to the cash they need to grow. While the banks continue to evacuate the SME space, we are investing in the future of entrepreneurial business in Hertfordshire and Bedfordshire.”
MotoNovo Finance has announced it has become part of Aldermore, following its successful integration with the UK specialist bank. The announcement comes after Aldermore was acquired by
FirstRand group in March 2018, and marks the successful coming together of FirstRand’s UK operations in retail, business and motor finance. MotoNovo Finance has been owned by the FirstRand group since 2006. MotoNovo Finance CEO, Mark Standish, said: “Joining
Mark Standish
the recently acquired Aldermore family brings us the strategic benefits of greater sustainability through a lower cost of funds and greater diversification. MotoNovo will now begin to write new business from Aldermore’s balance sheet; a move that will put us in a far stronger competitive position.”
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