Confessions in October – sounds like fun! No-one’s perfect. While we’re very excited by the way things are roaring along at Money&Co., there are one or two matters we might have dealt with differently, given the benefit of 20-20 hindsight. That’s what happens with start-ups, where the one thing you can predict with total certainty […]
It’s finance, folks, but not as SMEs know it… British small and medium-sized companies are in Donald Rumsfeld territory. See below his famously contrived, yet logical, disquisition on knowledge and its practical use in statecraft: “There are known knowns. These are things we know that we know. There are known unknowns. That is to say, […]
Mar-Key is the silent presence at many major sporting events, weddings, and on industrial sites We are delighted to announce the arrival of a major new loan on the Money&Co. platform. The Mar-Key Group manufactures and installs large-structure marquees for major events, weddings and industrial sites. The company, which is privately owned and Dorset-based, also […]
Signs of life at the “Bank of Vince” The British Business Bank (BBB) is at least partly the brainchild of Secretary of State for Business, Innovation and Skills, Vince Cable. As a consequence it is known amongst a few wags as The Bank Of Vince. But what ever you call it, the new state-owned bank, […]
The banks are raking in deposits despite low yields – and not lending the money back out Lending by major UK banks to non-financial businesses tumbled by nearly a further £1 billion in July. This figure, calculated on a net basis, which takes into account repayments, is produced by the British Banking Association, and reported […]
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 […]
Whatever it is is the banks are doing, lending doesn’t top the list The banks fail UK small and medium-sized companies yet again. According to the Bank of England’s latest update on the Funding For Lending scheme, net lending to SMEs fell by £35 million in the second quarter of the year (April to June). […]
Nicola and Money&Co. team will take to the road In her new blog, Money&Co. CEO Nicola Horlick praises the virtue of lending to small and medium-sized enterprises (SMEs) – and is sharply critical of traditional sources of credit that have starved SMEs to the point where, she claims, many SMEs “have given up on the […]
Bankers: proper pledge or pious aspiration? “Would it make any difference if bankers were made to swear an oath when they entered the profession like doctors?” asks Money&Co. CEO, Nicola Horlick in her latest blog. The answer, in the full text, is an unequivocal “no”. “ResPublica, an independent, non-partisan think tank, thinks it would. In […]
There’s gold in them there hills – just not for bank deposit account customers Would it make any difference if bankers were made to swear an oath when they entered the profession like doctors? ResPublica, an independent, non-partisan think tank, thinks it would. In a paper published this week, the authors argue that virtue needs […]