Finance
Kent printcos secure CBILS support
Two Kent-based printing companies have become the latest industry firms to benefit from the government’s Coronavirus Business Interruption Loan Scheme (CBILS).
CLBILS loan upped, but new restrictions come in
The government’s coronavirus loan scheme for large businesses has been increased from a maximum of £50m to £200m, but a raft of new restrictions have also been introduced around dividends, bonuses and...
Cautious welcome for new trade credit guarantee scheme
The latest government support scheme could provide further crucial support for the printing industry, following reports of widespread cuts to credit cover.
Will business as usual return when the lockdown is lifted?
Industry leaders give their views on the impact of the virus and life after lockdown.
Komori downgrades forecasts, makes huge writedown
Komori has posted a massive impairment loss due to the fallout from the Covid-19 pandemic and has revised its expected results for the financial year just ended – with top management taking pay cuts...
Compass adds fast-track CBILS loans
Compass Business Finance is now offering capital- and interest-free loans of up to £250,000 via the government’s CIBLS scheme.
CBILS success for Dean Packaging
SME packaging firm Dean Packaging has secured CBILS funding via Santander UK to help the business ride out Covid-19 disruption.
Former Polestar execs reunited at new venture
Two high-profile former Polestar directors have come together again with a new investment venture.
Sale and HP back option now part of CBILS
The government-backed CBILS finance scheme now includes a ‘sale and HP back’ option to release working capital that could have appeal for some print businesses.
Printers mothball ops, flag potential to repurpose capacity
Some printers have begun shuttering their operations due to the virus crisis, with work being diverted to trade print specialists and the potential for some under-utilised kit to be used for in-demand...