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Commercial First in 40m capital deal

Commercial First has arranged a 40m three-year working capital facility from Lloyds TSB, adding to the 12m in shareholder equity raised in December and May. The firm says it does not mean an immediate return to new lending but does ensure it is well funded to continue to manage its existing 1.6bn portfolio effectively.

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Pension scheme membership among employees has risen by more than five million in the past four years because of the policy of automatic enrolment into workplace pensions. But Britain’s army of 4.4 million self-employed people, who account for one in seven of the workforce, are not covered by automatic enrolment. Pension coverage among the self-employed […]

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