Sudhir Power, an India-based power generation specialist and manufacturer, has acquired UK access equipment specialist rental company Star Platforms. Founded in 1973, Sudhir Group already has rental operations in India, UAE, and Saudi Arabia, and now adds the UK with the investment of 100% of Star Platforms’ shares. Star Platforms, based in Luton and founded […]
Prior to the Chancellor’s recent announcement that he was cancelling his Autumn Statement, it was widely believed capital gains tax (CGT) rates were to be increased to recover part of the cost of the government’s unprecedented Covid19 support package. The detail of these changes was not considered (or at least publicised), but the options were […]
HM Treasury (HMT) has announced details of a new 100% Government-backed loan scheme for small businesses. Under the scheme, businesses will be able to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and businesses can apply online through a short and simple […]
The Government has announced amendments to the Coronavirus Business Interruption Loan Scheme (CBILS) after claims that banks were forcing companies to provide personal guarantees, and is adding an option for larger companies. The Chancellor announced that the CBILS programme is being extended, so that all viable small businesses affected by COVID-19, not just those unable […]
We have a great deal of experience in assisting clients in securing funding, and are currently working hard to help businesses to access the various Government schemes. Please click here to read our summary of help available to you.
As promised by the Government, further detail was provided on the Coronavirus Business Interruption Loan Scheme (CBILS) this week, and in what was an unprecedented timeframe, the scheme is now live. We have been working with clients and funders to understand the practical considerations for business who are interested in the scheme – some of […]
In a bid to ease the strain on economy, the Chancellor has followed through on his promise ‘to do whatever it takes’ to support the economy in a series of fiscal measures which would have been unthinkable just a few weeks ago. The latest measures announced include: Introduction of the Coronavirus Job Retention Scheme Deferment […]
We at Magma are here to support your business In what is proving to be a constantly evolving situation with COVID-19, we at Magma are staying informed on the financial assistance available to businesses and are here to support you in accessing the help you need. We have put together a current summary of Government […]
Yesterday, the Chancellor announced further support for businesses and individuals which could prove invaluable to those suffering from the economic impact of the global Coronavirus pandemic. Sunak’s bold measures sought to assure all those affected that the Government was determined to ‘do whatever it takes’ to support the economy through the crisis. Support for […]
If you are one of the 60% of adults in the UK who has ambitions of being a business owner, a management buy-out (MBO) could represent an attractive option for you and the current owners if the following apply: At Magma Corporate Finance, we have extensive experience of advising management teams on MBOs. We are […]
