Lloyds bank

SW firms missing out on “cash mountain” that could help them grow further

South West firms could be missing out on a ‘cash mountain’ that could help them to expand, says Lloyds Bank Commercial Banking after new figures found they were tying up millions of pounds in excess working capital.

The research shows that businesses across the south and the east of England have at least £138.3billion tied up in excess capital, as business growth continues to soar....

Plymouth manufacturer ups productivity with Lloyds Bank support

A Plymouth-based manufacturer has bought new equipment to increase efficiency and create six new jobs, with the support of a £350,000 hire purchase facility from Lloyds Bank Commercial Banking.

Alderman Tooling, established in 1969, is a family-run business that specialises in sheet metal and fabricated steel products. The business provides a comprehensive range of in-house metal...

Business confidence surges in SW

Business confidence has increased in the South West but economic uncertainty remains the biggest threat to firms, according to the latest Business in Britain report from Lloyds Bank.

The report’s confidence index - an average of respondents’ expected sales, orders and profits over the next six months – increased to 17 per cent, up from four per cent, the survey’s score in September...

New business slumps in SW post-EU Referendum

Private sector firms in the South West increased employment despite a decline in business activity in the month following the EU Referendum, according to the latest Lloyds Bank Regional PMI.

The data, which is the first indicator of regional business activity since the ‘leave’ vote, revealed that business activity in the region has gone from growth to contraction in July. New business...

Output growth accelerates in October

The South West private sector recovered some growth momentum at the start of the final quarter of 2015, according to the latest PMI® survey data. The rate of expansion in output strengthened to a three-month high, having slowed throughout the third quarter. Growth of new business resumed and firms increased workforces at a stronger pace, although the volume of outstanding business continued to...

Housebuilder to expand land portfolio

A family-run housebuilder is accelerating its land acquisition programme to enable it to expand its output of quality new homes after securing a £15million facility from Lloyds Bank Commercial Banking.

Cavanna Homes operates across the South West region, but its current sites are concentrated in desirable locations along the South Devon coast at Plymouth, Orestone, Dartington, Paignton...

Growth rates for output and new business pick up in March

The South West private sector economy registered a faster increase in output in March, according to the latest PMI® survey data.

This was accompanied by a stronger gain in incoming new business, a rise in backlogs of work and sharper job creation. The latest survey results also signalled weaker price pressures, as input price inflation slowed and firms’ charges were broadly unchanged...

SW private sector output continues to rise

Private sector output in the South West of England continued to rise at a strong rate in December, according to PMI® survey data.

Growth was supported by higher new business volumes and the level of incomplete work continued to rise, despite a further robust round of job creation. That said, the rate of growth in new orders eased to the slowest in 19 months. In line with the broad UK...

MP urges Plymothians to nominate local good causes

Alison Seabeck MP is supporting the initiative of Lloyds Bank Community Fund and is asking for Plymothians to nominate local good causes.

Ms Seabeck said: “There are so many fantastic small charities and non-profit groups in my constituency of Plymouth Moor View. Over the years I have seen extraordinary commitment by volunteers to improve their neighbourhood and other people’s lives....

Devon Waste Management secures £5.5m funding deal from Lloyds Bank for growth and leadership change

Devon Waste Management, the county’s leading independent waste management business, has secured a £5.5million finance package from the Lloyds Bank Commercial Banking team in Plymouth to support its continued expansion.

Steve Hadley who was previously Commercial Director, has also taken over ownership and management of the business from Collin Hickling, who has left to pursue other...

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