News & Events
Here you can find all the latest news about Davenham Trade Finance, including updates, deals, and our blog...
NEWS: 11 MARCH 2016
DAVENHAM TRADE FINANCE FIRST BREAKFAST SEMINAR IS A MAJOR SUCCESS
With an excellent turnout to the first of many planned seminars on trade finance, Davenham have started 2016 on the right foot in conjunction with partners Anthony K Associates, Christopher Stern Associates, and the Greater Manchester Chamber of Commerce.
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BLOG: 04 MARCH 2016
4 KEY ELEMENTS TO CONSIDER AS AN SME LOOKING FOR THE RIGHT FUNDING ROUTE...
Throughout any business life span, it is likely that at some stage, funding will be required as a helping hand, whether that be to help get them off the ground, push through a financially difficult time or purchase an asset. With increasingly more options when it comes to funding, there are endless routes to go down which can make things confusing, so once you have identified the need for funding, how do you go about deciding the best route for your business?
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BLOG: 21 FEBRUARY 2016
WHAT IS TRADE FINANCE AND HOW COULD IT HELP MY BUSINESS?
In simple terms, trade finance could benefit any business sourcing goods from overseas, and let’s face it, there is no getting away from the fact that we are a nation of importers and are likely to remain so for some time.
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BLOG: 14 JANUARY 2016
LOOKING FOR ANOTHER REASON TO DEAL WITH CHINA IN BUSINESS? WELL, HERE IT IS...
The first week of January saw Chinese Foreign Minister Wang Yi and British counterpart Phillip Hammond meet in Beijing, with a vow for more cooperation between their two countries – a New Year’s Resolution for the both of them perhaps? In addition to promised cooperation, it was also said they will work together on visa facilitation, in a step towards relaxing visa rules between Britain and China.
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BLOG: 14 DECEMBER 2015
THINKING OF DEALING WITH CHINA IN BUSINESS? 2016 COULD BE YOUR YEAR?
China. Now the second-largest economy on the planet, meaning whatever is going on in Beijing, Shanghai and beyond, matters now more than ever before. With continuous ferocious upheavals in the world’s financial markets, recent research has shown that China could be the country to do business with. Why is this you may ask? We take a look at a number of factors contributing to why.
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NEWS: 26 NOVEMBER 2015
THE AUTUMN STATEMENT - VERY LITTLE TO OFFER FOR THE SME
The Autumn Statement has now been issued by the Chancellor, which unfortunately for the SME, focused on the Government's spending review rather than businesses, with one commentator describing it as being “less of a mini budget and more of a trailer for what’s to come”. With many business owners agreeing that this didn’t appear to be a budget for entrepreneurs, there were however a number of proposed tax changes which will be included in the Finance Bill next year which is something.
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NEWS: 23 NOVEMBER 2015
THE RISE OF ALTERNATIVE FINANCE - HOW THE BANK REFERRAL SCHEME COULD IMPACT SME'S & FUNDERS
Last week the Davenham Trade Finance team attended an incredibly insightful seminar on ‘The Rise of Alternative Finance’. The morning saw guest speakers Dr. Louise Beaumont of GLI Finance Ltd & Conrad Ford of Funding Options discuss a number of issues and key points within the industry that commonly affect alternative finance
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BLOG: 11 NOVEMBER 2015
HOW TO STABLY FUND YOUR SMALL BUSINESS
Despite progress being made, small and medium sized businesses are still finding it difficult to obtain traditional funding, with a number of business owners turning to personal credit cards and even friends and family to fund their supplier purchases and outgoings; something which could be avoided through alternative methods of finance.
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BLOG: 27 OCTOBER 2015
A RECORD HIGH FOR SME CONFIDENCE
Small businesses across the UK are set to continue to grow and thrive, as the latest Small Business Index revealed an all-time high in confidence. With everything from improved productivity and revenue to an increase in wages and aspirations to grow, all statistics found in the latest quarter have shown a positive incline across the majority of fields – all in all, a great outcome for SME’s.
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BLOG: 07 OCTOBER 2015
IS IT FINALLY TIME TO BRIDGE THE FUNDING GAP?
Here at Davenham Trade Finance, we think it’s time to bridge the funding gap when it comes to alternative finance. There has been a fall of £7.9 billion in lending to SME’s just in the past year, with 38% of small businesses pinpointing insufficient access to funding as a big contributing factor in affecting their ability to grow. This is a disappointing statistic, highlighting how necessary it is to educate and inform UK SME’s of alternative funding methods if they are to thrive.
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BLOG: 29 SEPTEMBER 2015
ARE BANKS DRIVING UK SME'S INTO THE ARMS OF ALTERNATIVE FINANCE?
UK SME’s have been experiencing some unwelcome surprises when it comes to their overdrafts, something we feel could be a main driving force steering small businesses away from the banks and toward alternative finance – great news for us here at Davenham Trade Finance! So what exactly have the bank been doing to cause these issues?
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ECONOMIC UPDATE: 25 SEPTEMBER 2015
OUR ECONOMIC UPDATE IS BACK AFTER THE SUMMER BREAK
Welcome back to our weekly economic update after the ‘summer’ break – if you can even call it summer! There have been a number of key economic events adding to the ever changing economic environment, with potentially the most concerning being the continued meltdown of Chinese equities.
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BLOG ARTICLE: 17 SEPTEMBER 2015
IS THERE LESS NEED FOR PLACES LIKE MANCHESTER BUSINESS SCHOOL?
The team at Davenham Trade Finance attended a very interesting evening earlier this week hosted by Manchester Business School, The Sunday Times and PWC. It was a fascinating insight to hear entrepreneurs views on how they had built two incredibly successful multi billion pound businesses, and the factors that got them to such a high level of success.
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BLOG: 16 SEPTEMBER 2015
THE REMOVAL OF UNFAIR CLAUSES IMPACTING SME'S
The provision of invoice finance requires the assignment of debts as security, and restrictive clauses have removed the ability to provide funding. About 44,000 companies receive more than £19bn of funding this way at any one time, but the size of the market is limited by such clauses. Now it has been announced that in 2016 new measures will be introduced by the Government under the Small Business and Enterprise Act 2015, so we have exlpored how this will affect uk small businesses.
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ECO UPDATE: 13 AUGUST 2015
DAVENHAMS ECONOMIC UPDATE - WAS IT A BIG ONE?
Welcome back to our second weekly economic update, perhaps a little bit of an anti-climax after lasts weeks “Super Thursday”, but nevertheless worth a read. We’re not sure last weeks announcements lived up to all the hype, not just due to the whole delivery of the reports but also the BOE’s view on interest rates, so lets find out why...
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ECO UPDATE: 06 AUGUST 2015
OUR FIRST ECONOMIC UPDATE - AND IT'S A BIG ONE!
Welcome to the first weekly economic update from Davenham Trade Finance and what an update it is to begin with! So let’s jump straight in, as you may be wondering what all the fuss is about...
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BLOG: 23 JULY 2015
THE RISE OF CAR TAX FINES
New strict and confusing rules have lead to car tax fines soaring and prosecutions showing a staggering rise of 50%, so it's not a surprise that motorists are not happy about it.
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NEWS: 08 JULY 2015
DAVENHAM LAUNCHES TRADE FINANCE ARM
Manchester based Davenham Trade Finance is all set to venture into the trade finance market place following the launch of Davenham Trade Finance and the appointment of Vince Tovey as Head of Commercial Funding.
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NEWS: 04 MAY 2015
DAVENHAM SHOWS INTENT BY SNAPPING UP RICHARD BAMFORD
Central Manchester based Davenham Asset Finance and Davenham Trade Finance are pressing ahead with major growth plans by appointing Richard Bamford as Non-Executive Chairman to both businesses. This is hot on the heels of the recent appointment of two new Business Development Managers to open up opportunities for a national sales team.
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NEWS: 29 APRIL 2015
DAVENHAM SHORTLISTED FOR TWO AWARDS
We were extremely proud to be shortlisted in not one, but two categories at the prestigious Credit Today Awards 2015, and although we didn't win this time, we feel that it confirmed that what we set out to achieve when we launched in 2013 – to fulfil the gap in the market for a partnership approach to providing finance – has been recognised.
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