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Newable completes acquisition of leading vehicle leasing business Synergy Automotive Limited

Newable completes acquisition of leading vehicle leasing business Synergy Automotive Limited

Newable, the leading provider of money, advice, space to SMEs, is delighted to announce the full acquisition of Harrogate-based Synergy Automotive Limited, which trades as Synergy Car Leasing. ThinCats, a highly successful alternative finance provider to mid-sized SMEs, provided a significant funding package to enable Newable’s purchase of all outstanding equity in the business, following … Continued

Why Bridging Should be Used as an Alternative Form of Finance

While bridging finance has historically been seen as expensive and risky, it can be a great way to secure a good deal when used in the right way. For those who do not have enough liquid capital to make a purchase, bridging loans can provide a useful way to access funds quickly. Our Head of … Continued

What are the benefits of vehicle leasing for SMEs?

Synergy Car Leasing is one of the UK’s leading vehicle leasing providers offering cars and vans to SMEs, private individuals as well as businesses of all sizes. Newable acquired the business in early 2020 and now offers vehicle leasing agreements as part of the wider Newable lending portfolio. Will Voisey, General Sales Manager at Synergy … Continued

Common Mistakes SMEs Make with Their Finances

Unfortunately, many SMEs make common mistakes when it comes to their finances that can have a significant impact on their bottom line. In this blog, we will discuss some of the most common mistakes SMEs make with their finances and provide tips on how to avoid them. We hope this blog helps you as an … Continued

Leading welding company acquires UK based Techserv Cutting Systems

Market leading UK wholesaler of manufacturer of welding equipment, Weldfast, has acquired Techserv. Techserv is a leading British specialist in the design and manufacture of Plasma, Gas and Waterjet cutting systems. Since 1986, Techserv have manufactured over 800 plasma, gas and waterjet machines, used in all aspects of industry from sole traders through to industrial … Continued

Newable Compliance invests in OJ Health and Safety

Newable Compliance provides long-term strategic investment to businesses focused on supporting SMEs in meeting their compliance obligations. Established in 2007, OJ provides health and safety training, consultancy, and assessment nationally. OJ provides a retained service package, accessible via an online management system, allowing SMEs to pay a monthly subscription service to access expert advice. Neil … Continued

Top tips for Staying Ahead of the Competition

It can be challenging for SMEs to keep up with the competition in today’s business world, but there are strategies to employ to stay ahead. In this blog post, we will discuss the top tips for keeping competitive and successful. We will provide insight into how to use these tips to help SMEs remain ahead … Continued

Introducing Newable Compliance: Long-term investment in helping SMEs meet their compliance obligations

Newable Compliance will provide long-term strategic investment to businesses focused on supporting SMEs in meeting their compliance obligations. The background For over 40 years, Newable has offered SMEs support in three key areas: Money, Advice and Workspace to help them to address the everchanging challenges they face. In recent years, a source of increasing tension … Continued

Mitigating the ESG risk arising from our supply chain

Our Newable Supplier Code of Conduct which is issued to all of our suppliers helps ensure our suppliers are aligned with our values and standards. We expect our suppliers, where appropriate to: 1. Have processes and policies in place to actively manage their impact on the environment, and align with best practices such as having … Continued

Why British Companies Aren’t Exporting More

SMEs are important in the growth of the country, especially with regards to exporting. Unfortunately, according to a survey conducted by British Business Bank, only 9% of SMEs are exporting, compared to 44% of German SMEs, a figure reported by Federal Ministry for Economic Affairs and Climate Action. The reason for this difference could be … Continued