Consumer Credit Changes

Any supplier of equipment, machinery or vehicles who introduces regulated business (sole traders and partnerships) must already hold a Consumer Credit Licence but these will now all expire on 31 March 2014. Suppliers should all be applying for interim permission to work under the FCA (Financial Conduct Authority) and must have received such permission in order to conduct regulated activities from 1 April 2014.

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On 22nd June 2023, the Bank of England Monetary Policy Committee announced the increase of base rate from 4.5 to 5%.

Laila’s Fine Foods secures seven figure asset-based lending facility to support on-going growth

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PMD Business Finance is pleased to announce its support in successfully sourcing a seven figure asset-based lending facility to assist with on-going growth for Laila’s Fine Foods.