The Financial Times reports (subscription required) that although the new year has hardly started, manufacturers are already expecting 2015 to be tough. The FT reports on falling confidence in the sector, partly because of diminshed expectations of the UK economy, with a significant downturn from the 70 per cent of manufacturers surveyed at the beginning […]
The Milturn Precision Engineering loan worked really well for lenders and borrower alike The borrowers’ side of Money&Co.’s peer-to-peer lending (P2P) operation is all about providing liquidity that allows UK small and medium-sized enterprises (SMEs) to be flexible and creative in their business dealings. The lending side of that self-same equation means that lenders to […]
G The manufacturing sector is still a vital component of the UK’s economic recovery Britain has an illustrious industrial history, but the manufacturing sector’s contribution to gross deomestic product (GDP) has declined dramatically over the post-war years. In 1948, manufacturing accounted for 41 per cent of our GDP according to the Office for National Statistics […]
Mecmesin got £1m for manufacture of stress-testing machinery Money&Co.’s oft-stated mission is to bring business and people together. Today, that mission takes a senior team, headed by CEO Nicola Horlick, to the 2014 manufacturing and engineering exhibition in Kent. Nicola will be speaking at the conference, which is expected to attract 1,800 to 2,000 small […]
Mecmesin was an A-rated £1m loan with a hugely superior yield Half a million savers at Royal Bank of Scotland (RBS) and NatWest will see their interest rates cut by the end of the year as part of what banks are describing as a “simplification” of their product ranges, reports the Telegraph. The move follows […]
Strong balance sheets? Profits? Come to us It is always gratifying when a forecast is achieved. When we launched Money&Co. at the end of April, we predicted that the average gross yield on our loans would be 8 per cent. Since then, eight auctions have closed and the average gross yield achieved has been 8.2 […]
Either a borower or a lender be… Crowdfunding offers attractive prospects on both sides of the equation The Bank Holiday week end brings the close of another successful funding auction – £540,000 has been raised for engineering company, Milturn. Congratulations to the company and to its lenders. So what lies ahead? Specifically, what will autumn […]
Movie industry and yachting opticals from Milturn West Midlands-based manufacturer Milturn is seeking £540,000 for a 48-month loan. Our credit-analysis team is suggesting an indicative yield of 8.3 per cent for the loan for this company, which has been given a B+ rating. Below, we reproduce the company’s own words, visible to registered users on […]
Robert: “We have great pedigree… Blue-chip customers.” Mecmesin, led by chairman Robert Oakley (above), is a Sussex-based family-owned business, founded in 1977. It has an annual turnover of more than £10 million, makes £1 million in annual profit, and provides employment for a workforce of160. Mecmesin makes force and torque testing equipment used to measure […]
Manufacturing trade publication, The Manufacturer, is the latest publication to report Money&Co.’s landmark £1 million loan to Mecmesin. The magazine reports that Mecmesin had previously sought funding from traditional banks but found that its limited ability to offer securities made this difficult. The Manufacturer cites Robert Oakley, chairman of Mecmesin, as saying that a crowdfunding […]