NEWS
DISAPPOINTING IPOs?
There have been two fairly high-profile IPOs recently and both have disappointed on the market. Firstly, Funding Circle whose shares are down 10% from opening, albeit at one point they were down over 20%. Secondly, Aston Martin, who are down almost 20% since the IPO. It appears that the company…
Read MoreCVA CLAUSE
There have been a number of high-profile Company Voluntary Arrangements (CVAs) this year including the likes of Carpetright, Mothercare, Carluccio’s and New Look. Whilst on the face of it the rationale behind the CVA may be sound where businesses have genuine trading difficulties, some landlords feel CVAs are being abused…
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THRESHOLD FOR PROSPECTUS
A recent change in rules means that the threshold below which UK companies can raise money without the need for a costly investment prospectus is now €8m (£7.07m) – it was previously €5m. This means some larger businesses that were previously put off by the need for an expensive prospectus…
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Insight Webinar – The New World of Business Finance 15th November 11am – 12noon
We are delighted to announce our first webinar in conjunction with the Institute of Directors. The webinar is open to members as well as non-members of the IOD. On Thursday 15th November between 11am and 12 noon our managing director, Peter Black, will be exploring the types of funding available,…
Read MoreIn the news…Appointments to the new Advisory Board
The appointment of 3 special individuals to the Snowball Advisory Board has received extensive coverage in the business and finance press in early October 2018. Snowball is delighted to welcome Mike Smith, Business Development Director of Brown Shipley, Mike Blackburn OBE and The Lord Goddard of Stockport to the team.…
Read MoreWhat is Bridging Finance and when should it be used?
At Snowball Alternative Finance we look to offer our clients flexible funding options which allow them to be nimble in business. Bridging Finance does what it says on the tin – it ‘bridges’ a gap whilst other longer term finance is arranged or before another property asset is sold. The…
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Alternative finance future looking very positive
Snowball Alternative Finance says there is significant interest in its services, evidenced by a deals pipeline worth in excess of £70m. The company which launched in January this year having received FCA approval, and recently became a Member of the NACFB is on track to smash its first-year target of…
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In the media
Since launching the web site on the 5th February 2018 we’ve had some significant coverage in the business press. Here’s just a small sample of titles that covered our launch story. …
Read MoreMini Bonds
Earlier this year mini bonds, also known as loan note offers, were once again put under the spotlight when a restaurant business which had issued a mini bond, collapsed, leaving over 300 investors potentially out of pocket. But what exactly is a mini bond? Simply put, they are loans made…
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