Allica Bank launches £100m fundraise
Sep18

Allica Bank launches £100m fundraise

Business bank, Allica Bank, is launching a £100m funding round to help it meet the current high levels of demand for finance it is experiencing from British businesses, and continue broadening services and product lines. The bank, which received full UK banking authorisation in late 2019, has had over £1bn of enquiries from businesses in the aftermath of the Covid-19 pandemic. The new funding round will allow Allica to accelerate its...

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Staff training crucial for SME recovery post-COVID
Sep16

Staff training crucial for SME recovery post-COVID

A new study, commissioned by business bank, Allica Bank, shows that the practice of regular training correlates strongly with high performance in SMEs and will be vital to businesses’ prospects of a swift recovery post-COVID. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook. Post-pandemic, many businesses will be...

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Small businesses should re-invest 9% of profits to succeed, finds new study
Aug26

Small businesses should re-invest 9% of profits to succeed, finds new study

A new study, commissioned by business bank Allica Bank has looked to quantify exactly how much UK small businesses should be re-investing to succeed post-Covid. The study analysed data from over 1,000 companies and ranked their success on a scale that evaluated factors including productivity, growth, consistency and outlook. In the post-pandemic marketplace, businesses will be focusing on recovery plans and survival, but Covid-19 has...

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Developing a strong formal vision is key to small business success, finds new study
Aug24

Developing a strong formal vision is key to small business success, finds new study

Producing a formalised, long-term strategic vision will be key for UK small businesses looking to thrive post-Covid, according to a new study commissioned by business bank, Allica Bank. The research aims to identify what makes UK SMEs successful, and provides guidance to support British businesses as they look to chart a course of recovery following the impacts of the COVID-19 pandemic. The study analysed data from over 1,000...

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New report identifies the factors which will determine SMEs’ chances of a successful COVID recovery
Aug04

New report identifies the factors which will determine SMEs’ chances of a successful COVID recovery

Business bank, Allica Bank has combined data and insight from over 1,000 UK SMEs with a multiple regression analysis to determine what factors most closely aligned with an SMEs’ chances of success and separated the highest-performing businesses from their peers. These ‘rules for success’ have been compiled from the research data to support British businesses as they look to chart a course to post-Covid recovery.   The full...

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Allica Bank appoints Richard Davies, the Revolut, TSB and HSBC banking heavyweight as CEO
Jul27

Allica Bank appoints Richard Davies, the Revolut, TSB and HSBC banking heavyweight as CEO

Allica Bank – the recently launched business bank that seeks to empower small and medium sized businesses – has today announced the appointment of Richard Davies as Chief Executive Officer (CEO). In this role, Richard will be responsible for leading the Bank as it scales to become a major force in serving British businesses, delivering the funding, technology and expertise needed at what is a crucial time for the British business...

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