Allica Bank

What an incredible evening! Allica brought home two prestigious awards from the Leasing World Gold Awards: 🏆 Business Finance Champion 🏆 High Impact Achiever We’re so proud to be recognised in these categories – it’s a true reflection of the hard work and dedication of our team. A huge thank you to our amazing broker community. Your continued support and feedback help us to deliver the kind of service and asset finance offering that established businesses truly deserve. Well done to the Allica team 👏 #assetfinance #brokers #SMEfinance #businessbanking

🙌 Allica has just come 8th in ‘The Super Startups’ - Tempo’s list of the top 100 UK start-ups to work for in 2025!

Increased demand and government support for the childcare sector means more first-time buyers are seeking opportunities to enter the sector. While early-stage development funding can be tricky, acquisitions of established nurseries or underperforming sites can be a way for them to do so. 📺 This was just one aspect of the childcare market covered in the latest episode of Allica’s Brokercast, where Specialist Healthcare Relationship Managers Garry Wilkinson and Brian Bovell DipPFS dive into the recent policy changes for children's day nurseries and explore the banking challenges that can come up. Watch the full episode here: https://lnkd.in/eXeh9cec #commercialmortgages #childcarenurseries #brokers #SMEfinance

🤩 We're super excited that Allica has been shortlisted at the 2024 NACFB Lender Awards in five categories: ⭐️ Asset Finance Provider of the Year  ⭐️ Business Bank of the Year  ⭐️ Challenger Bank of the Year  ⭐️ Commercial Mortgage Lender of the Year  ⭐️ Marketing Team of the Year It's now up to brokers to decide this year's winners. If you are a NACFB member and think we deserve to win, we'd appreciate any votes for Allica. The link and password will be provided to you by the NACFB. Massive thanks for your support! #brokers #businessbanking #assetfinance #commercialmortgages #nacfblenderawards 

Another business supported with asset finance! Allica’s customer, a nationwide sign installation business based in Yorkshire, was looking for urgent funding to purchase a van. Less than two hours after the deal was accepted, we completed the payout and the customer is already using his van 🚀 Shahbaz khan, Account Manager at Moorgate Finance, said: "Allica Bank came through with incredible speed when one of my key clients needed urgent funding for a van purchase. Having worked with Allica before, I reached out to our Business Development Manager, Arshad Miah. The deal was accepted, documents were signed, and less than an hour later, I received the payout email. Arshad kept me informed throughout, ensuring the supplier was promptly paid so my client could collect the van before the weekend. The van is already in use, and my client is thrilled. Allica’s efficiency and communication were outstanding." #assetfinance #brokers #SMEfinance

🍁 “I came, I saw, I conkered!”   This Sunday, the 2024 World Conker Championships takes place. And Allica Bank will be there!   Held in Southwick, Northamptonshire, this elite event attracts thousands of spectators and hundreds of competitors from across the globe, all vying for the coveted title of ‘Conker Champion’ 👑.   The World Conker Championships has taken place locally since 1965 and has become a special part of the area’s identity. It has raised over £420,000 for good causes over the years and is a boon for its local Northamptonshire business community.   At Allica, we’re passionate about what makes our local communities special, like the established businesses we serve. We’re proud to be sponsoring the World Conker Championships and supporting businesses across Northamptonshire.   If you’re in the area, make sure you come along and take part! #northamptonshire #conkers

📢 Calling all accountants, brokers and business owners 📢 Nominations are now open for the Business Moneyfacts Awards.    If you think we deserve to win, you can cast your nomination in any or all of the following categories:  🏆 Best Service from a Business Bank 🏆 Innovation in the SME Finance Sector – Allica’s Business Rewards Account 🏆 Best Service from a Commercial Mortgage Provider  🏆 Best Service from a Bridging Finance Provider - Tuscan Capital powered by Allica Bank   You can nominate Allica here: https://lnkd.in/ed4p5WwB   Massive thanks for your support!    #businessbanking #brokers #accountants 

📣 Very excited to launch our new partnership with the Federation of Small Businesses (FSB), giving FSB members access to a market-leading rate of return on their savings. Through our partnership, FSB members will get a 0.25% boost to the savings rate on their instant access Savings Pot, part of Allica’s business current account. Allica’s CEO Richard Davies said “FSB does a vital job championing the needs and interests of SMEs across the UK. This new partnership unlocks even more benefits for small business owners looking to get a better return on their hard-earned savings. “We’re delighted to be partnering with FSB to help give their members the banking they deserve.” Caroline Lavelle, Chief Commercial Officer at the Federation of Small Businesses, said “We’re delighted to be working with Allica Bank to give FSB members access to a market-leading return on their savings. Many small businesses keep their money in accounts earning little to no interest, which is a huge, missed opportunity to generate cash.   “We’re looking forward to exploring how else FSB and Allica can work together to support the UK’s thriving small business community, alongside all the other member benefits we offer.”   We’re looking forward to helping FSB members put their cash to work!   👉 Find out more: https://lnkd.in/eZxWQFvm #businessbanking #SMEs #savings #FSB #FSB50 #partnerships

📈 The amount of savings interest SMEs are missing out on has increased to £9 billion! Research for the 2024 update of the Great British Savings Squeeze has uncovered the sharp rise. Here’s how that breaks down: 🔵 £5.45 billion – the amount of interest SMEs miss out on by keeping £126 billion of cash in accounts earning zero interest. 🔵 £3.58 billion – the amount of interest businesses miss out on by keeping £122 billion of SME savings in interest-bearing accounts that earn less than the big banks offer their large corporate customers. When we conducted the same research last year, we found that SMEs were missing out on £7.5 billion in savings interest. The reason for the increase is because the gap in rates offered by the big banks to SMEs and large corporates has increased from 2% to 3%. We formed the Great British Savings Squeeze campaign together with the Federation of Small Businesses (FSB) (FSB), Institute of Directors (IoD) and Bira - British Independent Retailers Association. The campaign asks for an immediate investigation into the business savings market, with a focus on asking government and regulators to repair the broken elements and get small businesses the money they deserve. Find out more and sign the petition at savingssqueeze.com. #GreatBritishSavingsSqueeze #SMEs #SMEfinance #businessbanking

🤝 We’re proud to work with long-established accountancy firm, PM+M Solutions for Business LLP to help their clients with business banking. Established in 1919, it has over 160 specialists in the north-west supporting established SMEs with accounting services, from audit and advisory to cloud accounting and corporate finance. However, with recent retrenching from high street banks, the firm lost the support of their local relationship managers. Allica was glad to re-introduce a relationship banking level of service to PM+M and their clients.    Judith Dugdale, Partner at PM+M Solutions for Business LLP, said: “In recent years, shifts in the banking sector have meant that many SMEs no longer have the dedicated client relationship managers they once appreciated. As a result, some business owners are looking to re-establish that personal connection. The lending approach of some banks has become more standardised, which may potentially miss the specific needs of individual businesses.    “Allica has changed the game. The fact businesses get a dedicated relationship manager is a huge plus when supporting our clients. I also love that I have a dedicated Partnerships Manager, Steven Grigg, and can easily arrange for him to meet up with me or my clients. Also, the bank interest rates are very appealing and the process of setting up is quick and simple.”    Steven Grigg, Partnerships Manager (North) at Allica, added: “Allica is delighted to be working with a forward-thinking accountancy practice like PM+M to help their clients get more from their bank.     “We launched our dedicated accountancy partnerships team this year, and have already spoken with over 1,000 firms across the UK. Many of them say that business banking has become extremely challenging for their clients, from waiting months to open a current account to getting impersonal experience. Having partnerships and relationships managers is crucial for businesses’ success, and we’re glad that Allica can offer business banking how it used to be, just better.”    #accountants #accountantsspotlight #businessbanking #SMEfinance #SMEsupport