UKCFA survey – data may be partial, but that means the growth estimates are conservative A new survey of the UK crowdfunding market reveals that “crowdfunding in the UK is taking off in the UK for a variety of reasons, the most popular being lack of available funding from banks. So with the rise of […]
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 […]
Drop by drop, alternative finance is set to take a bigger market share of SME loans Money&Co. CEO Nicola Horlick issues a rallying cry to the alternative finance sector in her latest blog. Money&Co. facilitated the first crowdfunded non-property-backed loan of £1 million in the UK in its first weeks of trading, but the Money&Co. […]
We endorse the figures – not necessarily the text! More mixed news on the likelihood of a rise in interest rates. The bad news comes from BBC online, which reports that the rate of UK inflation rose to 1.9 per cent, up from 1.5 per cent in May, according to the Office for National Statistics. […]
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 […]
Record numbers of small manufacturing firms in the East Midlands are looking to invest in their businesses to make the most of new opportunities. According to a report published by the Manufacturing Advisory Service (MAS) in the Nottingham Post, nearly 60 per cent of firms questioned are planning to spend more on machinery and plant, […]
Our landmark £1 million loan to engineering firm, Mecmesin – the force and torque-specialist engineering firm – has attracted significant coverage among national and trade media organisations. David Stevenson, a columnist for the FT, Investment Week and Money Week, writes in AltFinance News that “Money & Co. appears to be targeting businesses seeking larger loans than would typically be […]