ThinCats accredited for Recovery Loan Scheme

26th Jul 2021   ·   The ThinCats Team   ·   News

We have been accredited by the British Business Bank under the Recovery Loan Scheme (RLS) for loans from £1 million up to £10 million.

How organisations that embrace diversity and inclusion can improve overall performance

14th Jul 2021   ·   The ThinCats Team   ·   Insights

One of the many areas covered in our recent online seminar with Sebastian Coe was how organisations that genuinely embrace diversity and inclusion not only recruit the best talent but also deliver superior performance.

ThinCats team take on marathon trek for Mind

14th Jul 2021   ·   The ThinCats Team   ·   News

A team of ThinCats staff set off for a 26-mile hike to raise funds for mental health charity, Mind, from ThinCats’ head office in Ashby de la Zouch, Leicestershire at 8.30am on Thursday, 8 July in glorious sunshine.

£1 billion funding milestone

30th Jun 2021   ·   The ThinCats Team   ·   News

We are delighted to announce that the company has provided more than £1 billion in total business lending. Following on from record levels in 2020, lending volumes have continued strongly during the first half of 2021.

ThinCats announces £160m strategic investment to scale up lending to mid-sized SMEs

17th Jun 2021   ·   The ThinCats Team   ·   News

We are delighted to announce a strategic investment in the company from Wafra Capital Partners (‘WCP’) of £160 million. WCP have partnered with Quilam Capital on the transaction.

ThinCats’ loan book increases tenfold in three years to break through £0.5 billion

6th May 2021   ·   The ThinCats Team   ·   News

We are delighted to announce that the value of our outstanding loan book has surpassed £500 million for the first time. Capital currently deployed by ThinCats to support UK SMEs currently stands at £508 million, up from £306 million in 2020, £186 million in 2019 and £49 million in 2018.

Are historically low insolvency rates disguising the real financial health of mid-sized businesses?

4th May 2021   ·   The ThinCats Team   ·   Insights

We recently analysed insolvency rates across more than 400,000 mid-sized SMEs as part of assessing the impact of the Covid pandemic on UK businesses. Read our full report “An analysis of UK mid-sized SMEs : Where next for insolvency rates?” to see which sectors are more resilient than others and the early warning signs we will be looking out for to gauge the speed and scale of any future rises in insolvency rates.

Private debt and SMEs – beyond the covid crisis

2nd Mar 2021   ·   The ThinCats Team   ·   Events

Amany Attia, ThinCats CEO, took part in a panel discussion at the BVCA Alternative Fund Strategies Conference, discussing ‘Private debt and SMEs – beyond the covid crisis’ with moderator, Marion Bernard, Principal - UK Managing Director at The Firmament Group.

Funding in a post pandemic world – supporting the mid-sized businesses that will drive the economic recovery

25th Feb 2021   ·   The ThinCats Team   ·   Insights

With the UK vaccination programme well under way and global stock markets switching their attention from “stay-at-home” businesses to cyclical stocks most likely to benefit from economic growth, the funding debate moves on from survival funding to recovery funding and how to support businesses in making the most of the growth opportunities that will appear.

How can lenders use data to improve service?

28th Jan 2021   ·   The ThinCats Team   ·   Insights

Lenders having access to important borrower data can improve the service they provide in numerous ways, from quicker credit decision making to reducing the ongoing administrative burden for their clients. We look at some of the improvements we made in 2020 and plans for the future.

How has the Covid19 pandemic impacted credit assessments for mid-sized businesses?

18th Jan 2021   ·   The ThinCats Team   ·   Insights

The economic impact of the pandemic has affected mid-sized businesses in many different ways. Greg Beamish, Head of Credit at ThinCats explains how his team responded to the pandemic and continued to provide funding support in such a fast changing and uncertain trading environment.

Annual Review 2020: Helping the Mid-Sized Thrive

13th Jan 2021   ·   The ThinCats Team   ·   News

Find out more about how we helped mid-sized businesses in 2020 and our funding outlook for the year ahead.

Open Banking: how can it benefit the borrower/lender relationship?

16th Nov 2020   ·   The ThinCats Team   ·   Insights

Open Banking simply provides lenders like ThinCats, which do not hold the main current account of the business, that same visibility. With Covid-19 causing heightened uncertainty around future cashflows, this enhanced transparency helps improve the efficiency, accuracy and flexibility of the lending process to ensure borrowers get the best funding solution for their needs, both now and in the future.

Our partnership with Salt Edge to bring Open Banking benefits to SME lending

11th Nov 2020   ·   The ThinCats Team   ·   News

We are delighted to have partnered with Salt Edge, a leader in offering Open Banking solutions, to improve the efficiency of our upfront credit assessment and ongoing loan monitoring processes.

Improving our SME Lending Experience for Clients with nCino’s Digital Banking Platform

9th Nov 2020   ·   The ThinCats Team   ·   News

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that leading alternative mid-sized business lender, ThinCats, is expanding its use of the nCino Bank Operating System® across its wider SME lending processes. The extension follows the successful deployment of nCino’s Coronavirus Business Interruption Loan Scheme (CBILS) workflow this summer.

Responding to demand for private equity lower-mid market funding

12th Oct 2020   ·   The ThinCats Team   ·   Insights

One of the consequences of processing more than 1.6 million government backed loan scheme applications is that banks and alternative lenders have been limited in how much “business as usual funding” they could support. This is especially so for those type of deals such as MBOs or some private equity backed deals that were ineligible for CBILS or CLBILS funding.

Pent up demand for M&A funding as government backed loan schemes approach end date

1st Oct 2020   ·   The ThinCats Team   ·   Insights

Now that the government loan schemes are coming to an end, we recognise there is a growing pent up demand for funding that was not eligible under these schemes. For example, businesses may be looking to acquire new distribution capabilities or rearrange the ownership structure of the business.

6 months on from national lockdown: How the Alternative Finance industry reacted

21st Sep 2020   ·   The ThinCats Team   ·   Insights

As accelerating Covid-19 infection rates led to Boris Johnson announcing a national lockdown on 23 March, who could have predicted what the next 6 months would have in store for the economic health of UK businesses and the personal health of its citizens.

Make sure you beat the CBILS deadline

28th Aug 2020   ·   The ThinCats Team   ·   Insights

Useful insights for corporate finance advisers and SMEs on how to navigate the last minute rush for CBILS

Top tips for SMEs to beat the CBILS application rush

27th Aug 2020   ·   The ThinCats Team   ·   News

Press release issued on 1 September to announce our 5 top tips for successful CBILS applications with only 30 days remaining to submit an application

Calling for an extension to Government loan schemes ahead of forthcoming deadlines

25th Aug 2020   ·   The ThinCats Team   ·   News

We are calling on the Chancellor, Rishi Sunak MP, to extend the current deadlines for the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

CBILS funding - from survival to growth

10th Aug 2020   ·   The ThinCats Team   ·   Insights

How we are seeing increasing numbers of CBILS borrowers seeking funding for longer-term growth purposes rather than immediate survival.

How private equity backed businesses can benefit from CBILS

24th Jul 2020   ·   The ThinCats Team   ·   Insights

A common misconception about CBILS is that businesses backed by Private Equity investors do not qualify. From our experience funding existing customers with CBILS loans – and more recently new borrowers – we are able to support PE backed businesses in several ways, summarised in this blog

What business finance intermediaries are telling us about CBILS funding

20th Jul 2020   ·   The ThinCats Team   ·   Insights

ThinCats surveyed over 100 professional corporate finance advisers, brokers and accountants to ascertain their views on the Coronavirus Business Interruption Loan Scheme (CBILS).

Funding the transition from lockdown

16th Jul 2020   ·   The ThinCats Team   ·   Insights

As large parts of the UK economy emerge from a pandemic-induced hibernation to take stock of the new post-lockdown reality, businesses’ needs for additional funding will be many and varied.

ThinCats CBILS now open to new borrowers

13th Jul 2020   ·   The ThinCats Team   ·   News

We are delighted to announce that we are opening up Coronavirus Business Interruption Loan Scheme (CBILS) loans to new customers.

ThinCats is the first non-bank lender to receive CLBILS accreditation for term loans.

22nd Jun 2020   ·   The ThinCats Team   ·   News

ThinCats, the leading alternative lender to mid-sized UK SMEs has been approved by the British Business Bank as a new accredited lender to provide term loans through the Coronavirus Large Business Interruption Loan Scheme (CLBILS).

What does the future of office life look like?

12th Jun 2020   ·   The ThinCats Team   ·   Insights

ThinCats employees were asked to take part in a survey to record their views on the current working situation, and how they could see their working life taking shape in the future.

Opportunity knocks for non-bank CBILS lenders

1st May 2020   ·   The ThinCats Team   ·   Insights

The full economic impact of the coronavirus crisis and how quickly we return to pre-covid levels of economic activity is difficult to predict. The Government seems keen to learn from the lessons of the 2008 financial crisis when measures to protect banks’ deposit holders led to a lack of vital liquidity for businesses.

ThinCats accredited by British Business Bank to provide CBILS

27th Apr 2020   ·   The ThinCats Team   ·   News

We have been approved by the British Business Bank as a new accredited lender to provide loans through the Coronavirus Business Interruption Loan Scheme (CBILS). We are currently accepting applications from existing borrowers only. 

8 Ways to Improve Cost Control & Cash Flow 

31st Mar 2020   ·   The ThinCats Team   ·   Insights

Minimising and/or deferring business costs is critical during periods of reduced business activity. In this short blog we take a look at 8 tips that might help a business mitigate costs and improve cash flow.

Institutional, alternative and bespoke: no, we’re not a bank

18th Mar 2020   ·   The ThinCats Team   ·   Insights

All of our loans are sourced entirely from institutional capital. Which begs the question: are we now not just like a bank, minus the high-street branch network? The answer is an emphatic “no” for a number of reasons...

Eating the banks' lunch: Why alternative debt is no longer so alternative for lower mid-market private equity

26th Feb 2020   ·   The ThinCats Team   ·   Insights

“Alternative lending isn’t looking so alternative anymore,” reckons law firm Vinson & Elkins, which services the private equity sector. This is particularly true when it comes to private equity firms raising debt capital. Alternative – also known as direct – lending is the fastest growing asset class in this space.

Is access to credit from banks tightening for SMEs?

24th Jan 2020   ·   The ThinCats Team   ·   Insights

It is interesting to see that many of the high street banks announce that they plan to lend billions of pounds to support UK SMEs. It reads well as a headline, but does it stack up as a fact?

Record year of lending in 2019

14th Jan 2020   ·   The ThinCats Team   ·   News

In 2019 we provided over £200 million of funding for mid-sized businesses, almost double 2018's previous record. In total we have now lent more than £580 million to small and mid-sized businesses across the UK.

Do the election manifestos miss the mark for SMEs?

10th Dec 2019   ·   The ThinCats Team   ·   Insights

You can guarantee that when an election is taking place, you’re likely to see a political leader at a local SME. Hard hats, high-vis jackets and eye-protectors are a must for the photo opportunities. Find the local manufacturer or engineering firm and it’s bound to look good in the manifesto.

ThinCats to fund loans entirely from institutional capital

9th Dec 2019   ·   The ThinCats Team   ·   News

Today we are announcing a move to an institution-only funding model for future loans.

Weakening currency strengthens case for funding UK hotels

11th Nov 2019   ·   The ThinCats Team   ·   Insights

Whilst the antics of Basil and Manuel of Fawlty Towers fame may not have done any favours for the image of British hotels in the 1970s, today’s hotel sector is an increasingly important part of the UK economy.

Funding at the service of professional services

5th Nov 2019   ·   The ThinCats Team   ·   Insights

ThinCats works with many professional services businesses (PSB) to help their clients – from restaurants to manufacturers – access the capital they need. But we also work with PSBs that wish to raise finance themselves.

How to plan for a transition in business ownership

24th Oct 2019   ·   The ThinCats Team   ·   Insights

A succession plan, lays out how you see the business transitioning, to whom, and the necessary steps along the way to make this happen.

ThinCats announces the appointment of Amany Attia as CEO to lead its expansion

15th Oct 2019   ·   The ThinCats Team   ·   News

Today we announce the appointment of Amany Attia as Chief Executive to lead our ambitious growth plans. Amany is a proven leader in building and scaling businesses with significant expertise in lending, data and technology.

Funding story of 3DD

1st Oct 2019   ·   The ThinCats Team   ·   Funding Stories

Watch how our funding over several years has helped the phenomenal growth of 3DD Entertainment who continue their programming expansion from live music television and documentaries on stars of film and music into history and factual genres.

No place for old-fashioned funding in care of the elderly

27th Sep 2019   ·   Kevin Steven   ·   Insights

Durable business models are underpinned by strong demographic drivers. That’s certainly the case with healthcare: individually and collectively, we’re not getting any younger, for a start. This, perhaps uncomfortable fact, supports the growth of care homes for the elderly.

Selling a family business? What's the best option?

17th Sep 2019   ·   The ThinCats Team   ·   Insights

Britain’s very oldest family businesses have passed from generation to generation for almost half a millennium. But what’s the best form of transition when the next generation has other plans?

Business performance in the regions – South East Report 2019

4th Sep 2019   ·   The ThinCats Team   ·   Insights

Home to the most mid-sized businesses outside London, see how South East businesses compare to the rest of the UK and discover which towns and sectors in the South East are performing best.

Why you should use Corporate Advisers when structuring a company sale

4th Sep 2019   ·   Andy Haigh, Partner at BHP Corporate Finance   ·   Insights

Andy Haigh, partner at BHP Corporate Finance, explains the value that corporate advisers bring in structuring a company buy-out

8 key steps to building a successful business exit strategy

28th Aug 2019   ·   The ThinCats Team   ·   Insights

Succession can be incredibly positive – indeed transformative – for a business. Take a look at our 8 step business exit strategy checklist, which summarises some of the key things to look out for on the road to business transition.

2019 SME survey reveals shift towards alternative finance for younger businesses

8th Aug 2019   ·   The ThinCats Team   ·   Insights

We recently surveyed more than 500 medium sized UK businesses about their experiences when seeking external funding: how often, how much, what for and where from.

Support for UK SMEs tops half a billion

6th Aug 2019   ·   The ThinCats Team   ·   News

Our clients are drivers of the UK economy, which is why we are so excited to have lent more than £500m to British businesses, providing flexible business lending for a growing market.

The challenge for the 'challengers'

24th Jul 2019   ·   The ThinCats Team   ·   Insights

It’s no secret that the reputation of the main high street banks has been eroded over the past few years, not least in the eyes of those running small and medium-sized enterprises (SMEs). And, while the new wave of challenger banks have been heralded as saviours, they are beset by many of the same underlying problems as their older, larger siblings.

Fintech business finance is not just about data and technology

16th Jul 2019   ·   The ThinCats Team   ·   Insights

As a leading alternative finance lender in the fintech space ThinCats has built a regional network of experts based across the UK. Why? Isn’t the whole point about fintech to digitise and automate?

Can alternative finance fuel a new manufacturing revolution?

9th Jul 2019   ·   The ThinCats Team   ·   Insights

Once upon a time, Britain was a great manufacturing nation. That’s the perception – was. While it’s true that manufacturing makes up a smaller proportion of GDP – 11%, down from about a quarter in the 1970s – what it does, it’s still world class at.

ThinCats continued support for ambitious SMEs recognised through recent award wins

3rd Jul 2019   ·   The ThinCats Team   ·   News

Building long-term relationships with the regional communities of corporate finance advisers, private equity houses, accountants and commercial finance brokers is a critical part of our mission to deliver better funding solutions for UK businesses.

Forging partnerships with the UK’s most trusted business advisers

27th Jun 2019   ·   The ThinCats Team   ·   Funding Stories

As a relationship driven organisation, working closely with business advisers through our regional development and credit teams helps us get close to the SMEs that we support and deliver funding solutions that are bespoke for their specific need. In the last year we have worked with a variety of different business advisers, helping numerous businesses secure the funding they need.

Adviser survey key findings 2019

20th Jun 2019   ·   The ThinCats Team   ·   Insights

ThinCats recently conducted a survey with corporate financial advisers on the current drivers, restrictions and trends in SME financing in the UK. Join us in this brief article as we collate the survey’s results on the funding market for SMEs, including the notable rise of alternative finance as a means to support SME growth.

ThinCats Essex T20 Cup

10th Jun 2019   ·   The ThinCats Team   ·   Events

The first ThinCats Essex Cup took place on Friday, 7th June, at the Cloud FM stadium, home to Essex County cricket.

Why bespoke funding needs a custom-built credit model

3rd Jun 2019   ·   The ThinCats Team   ·   Insights

The ability to assess credit risk is fundamental for all lenders. It is an intricate mix of art and science, whereby each lender has its own view when determining their appetite to lend and at what price. While there are some commonalities between each lender’s credit risk models, what is deemed a great business by one may appear less attractive to another.

Innovative tech needs innovative growth capital

31st May 2019   ·   Kash Moghul   ·   Insights

Technology companies are the UK’s economic powerhouse, growing 2.6-times faster than the rest of the UK economy. Indeed, the 50 fastest-growing UK tech companies claim an eye-watering 2,176% average growth rate and a combined revenue of £1.2bn, according to Deloitte.

Demystifying the security aspect of cashflow loans for SMEs

21st May 2019   ·   The ThinCats Team   ·   Insights

A “secured loan” has historically required that a borrowing company post an asset as collateral, such as equipment or property, to “secure” the capital that a bank loans to them. Given that this is the predominant type of secured loan, SMEs understandably equate the term with a need to own property or specific types of asset. However, there is another important type of secured loan that does not require collateral in the form of physical assets: the cashflow loan.

Accelerating growth for Formula 1 fan engagement supplier, The Events House

16th May 2019   ·   The ThinCats Team   ·   Funding Stories

How Derbyshire-based sports marketing agency, The Events House, successfully raised £500,000 to grow their business.

Why you shouldn't make a meal out of restaurant finance

29th Apr 2019   ·   Dave Sherrington   ·   Insights

Eating out is a British small business success story. Consumer spending in restaurants has risen over the past five years, reaching £22.5bn in the last quarter of 2018. The number of restaurants and mobile food operators has tracked this upwards, reaching nearly 87,000 in 2017.

Is access to finance a barrier to SME growth?

16th Apr 2019   ·   The ThinCats Team   ·   Insights

Small business growth opportunities are being stymied through lack of capital, research has found . This is exacerbated because many businesses feel they are unlikely to get a loan to fund their growth plans.

Sustainable manufacturer set to break into wider UK market with pioneering product, ‘Smartawood’

10th Apr 2019   ·   The ThinCats Team   ·   Funding Stories

In 2012, John Northcott, Paul Segal and their team saw the potential of a pioneering design that would change the manufacturing industry and break the timber monopoly. What was once a research project has now become a pioneering brand synonymous with innovation and sustainability

ACM Video Showcase

3rd Apr 2019   ·   The ThinCats Team   ·   Events

On Wednesday, 3rd April, ThinCats hosted the premiere of a short film showcasing the Academy of Contemporary Music (ACM) and its phenomenal growth story.

ThinCats announces new £100m funding programme for private equity backed businesses

17th Mar 2019   ·   The ThinCats Team   ·   News

Today we have launched a new £100 million funding programme for private equity backed UK businesses.

ThinCats breaks through £400m funding mark to UK SMEs

28th Feb 2019   ·   The ThinCats Team   ·   News

We are very pleased to announce that we have provided funding worth more than £400m to over 500 UK businesses since our launch.

British Business Investments commits £20m to ThinCats to provide more debt finance to UK businesses

18th Feb 2019   ·   The ThinCats Team   ·   News

We are very pleased to announce a new £20 million funding commitment from British Business Investments, a commercial subsidiary of the British Business Bank.

Bank branch cull shifts business lending expertise to alternative finance

15th Feb 2019   ·   The ThinCats Team   ·   Insights

The high street bank continues its move from community cornerstone to museum piece – to the detriment of Britain’s small businesses.

ThinCats opens Sheffield office as base for new sales head

12th Feb 2019   ·   The ThinCats Team   ·   News

Staying connected to the regional business communities we operate in is vital. This is why we have teams of boots-on-the-ground funding experts and why we have set up a new base in the heart of Sheffield.

ThinCats 2018 Annual Review

23rd Jan 2019   ·   The ThinCats Team   ·   Insights

2018 was a breakthrough year for ThinCats. Read more about how our investments in people, technology and data helped us fund more UK businesses than ever before and why business advisers are increasingly turning to ThinCats to create the bespoke funding solutions that their clients demand.

PRISM Prospect – Testing the trends

22nd Jan 2019   ·   The ThinCats Team   ·   Insights

In 2018, we launched PRISM Prospect, our predictive data model based on analysis of hundreds of thousands of businesses over 25 years. PRISM Prospect identifies businesses likely o have a funding need over the next 12 months. The model segments UK SMEs into five propensity categories from very likely to unlikely.

Record 2018 for ThinCats

3rd Jan 2019   ·   The ThinCats Team   ·   News

We are pleased to announce that we had a record year for lending in 2018, more than doubling our 2017 figures to £112 million. In total we have lent more than £350 million to UK SMEs.

ThinCats announces new support for UK SMEs with £200 million funding agreement

10th Dec 2018   ·   The ThinCats Team   ·   News

We are delighted to announce a new programme for £200 million with BAE Systems Pensions, to provide UK SMEs with commercial loans.

Introducing our Propensity and Risk Model (PRISM)

19th Nov 2018   ·   The ThinCats Team   ·   News

Data science and analytics is embedded deep within ThinCats’ business principles. It is the company’s aim, to develop some of the industry's most predictive models; to identify and fund the underserved companies that ultimately drive our economy.

Selling your business? Have a look at employee ownership

15th Nov 2018   ·   The ThinCats Team   ·   Insights

Employee ownership is becoming an ever-more popular way for owners to sell their business. In recent months, firms as varied as book producers, landscape gardeners and a niche operation doing luxury conversions of VW campervans have taken the decision to go down the route pioneered by John Lewis. Even shadow chancellor John McDonnell seems to want to get in on the act

In SME finance, there’s no need to give in at the first rejection

12th Nov 2018   ·   The ThinCats Team   ·   Insights

When you take out car insurance do you just opt for the first quote you get, very unlikely. The same goes for a mortgage, an investment fund or a pension plan. You shop around via the internet, a broker or an aggregation service

Success from succession: Structuring and funding an employee buy-out

8th Nov 2018   ·   The ThinCats Team   ·   Insights

Employee-owned businesses saw a major boost to their popularity once their advantages were enshrined in legislation through the Employee Ownership Trust in 2014. The EOT is a form of employee benefit trust, but with distinctive features and tax advantages.

We are proud to support the Employee Ownership Association

7th Nov 2018   ·   The ThinCats Team   ·   News

We are delighted to announce that ThinCats is now a supporting member of the Employee Ownership Association (EOA) joining a network of over 330 businesses supporting an organisation which puts employees first.

ThinCats Investor Conference - October 2018

22nd Oct 2018   ·   The ThinCats Team   ·   Events

Thank you to those lenders who were able to attend the Investor Conference in London on 11 October. The purpose of the conference was to update investors on the large number of changes that have been taking place at ThinCats over the last 18 months.

£300 million funding programme for UK SMEs

18th Sep 2018   ·   The ThinCats Team   ·   News

We are delighted to announce a new programme for up to £300 million with global asset manager Insight Investment to fund UK SMEs with commercial loans.

When fate hands you a Lehman

11th Sep 2018   ·   The ThinCats Team   ·   Insights

How the collapse of global finance a decade ago decimated SME lending and catalysed an alternative

Top tips for accessing finance – a guide for UK SMEs

10th Sep 2018   ·   Dave Sherrington   ·   Insights

The UK’s rapidly expanding small business sector is something of a sleeping giant, with young companies in need of better access to finance to kick-start their growth. In the transition from start-up to scale-up, a critical factor for a growing business is the quality and flexibility of available funds.

ThinCats Investor Conference 2018

5th Sep 2018   ·   The ThinCats Team   ·   Events

Our Investor Conference is now confirmed for Thursday, 11th October at the Building Centre in London’s Fitzrovia. All investors should have received a copy of the email invitation – if you have not had yours, please email with your name and BLN number, and we will be very happy to forward you the full details.

ThinCats fuelling UK employment growth

17th Aug 2018   ·   The ThinCats Team   ·   Insights

At ThinCats, we have a policy of targeting our lending to growing companies. In doing this, we strongly believe that alternative finance is playing a positive role in increasing the productivity of British industry

A better solution to SME's event-driven funding needs?

6th Aug 2018   ·   The ThinCats Team   ·   Insights

SME event-driven finance is fast becoming the natural terrain of the alternative finance industry. Before the financial crisis, banks dominated all areas of business lending. Alternative finance meant getting some money from your mum. But things have changed. Regulation over the past decade has forced banks to retrench. In the years immediately after the crisis, net lending to SMEs fell heavily into negative territory.

How alternative lending can help close the UK productivity gap

23rd Jul 2018   ·   The ThinCats Team   ·   Insights

British industry is caught in a paradox. There has been a severe slowdown in productivity since the financial crisis, despite the world going through what’s been described as the fourth industrial revolution. It’s as if Watt develops the steam engine, Stevenson builds his rocket, Cartwright unveils the mechanical loom and Britain’s rate of growth somehow still slows.

A new approach to funding UK businesses

12th Jul 2018   ·   The ThinCats Team   ·   Insights

By opening up new flows of capital to UK SMEs, alternative finance is playing an important part in helping UK talent drive improved economic growth. Read our paper on why the UK should care about finding alternatives to traditional bank funding, the benefits to businesses and the future of funding

Are SMEs the new ‘financially excluded’?

12th Jul 2018   ·   The ThinCats Team   ·   Insights

The banking network is shrinking, and it is bad news for businesses. The good thing is, there’s now an alternative.

ThinCats in the South West and South Wales – Showcasing alternative finance at Bristol’s unique Planetarium

9th Jul 2018   ·   The ThinCats Team   ·   Events

The ThinCats team headed down to the incredible Bristol Planetarium, for a night of networking with local finance professionals, and the opportunity to present ThinCats’ plans and aspirations against the backdrop of the awe-inspiring summer night sky.

Alternative finance secures future of Mumbles Pier

22nd Jun 2018   ·   The ThinCats Team   ·   Funding Stories

A 19th-century icon of the Welsh coast is being developed for the 21st century, thanks to funding from alternative finance provider ThinCats.

ThinCats in the North West – Celebrating the region’s SMEs and finance professionals

21st Jun 2018   ·   The ThinCats Team   ·   Events

The National Football Museum was alive last Thursday with the ThinCats in the North West reception; a band of local finance professionals came down to find out about the latest developments in ThinCats SME funding revolution.

ThinCats London event at the Churchill War Rooms

9th May 2018   ·   The ThinCats Team   ·   Events

Ninety industry professionals joined the ThinCats team last week to unveil the next developments in the SME finance revolution. The backdrop was the underground bunker where, on becoming Prime Minister in May 1940, Winston Churchill said, 'This is a room from which I will direct the war'.

ThinCats delivers £1m ‘agile finance facility’ to fund MBO and substantial contract win for Firtitudo Ltd

24th Apr 2018   ·   The ThinCats Team   ·   Funding Stories

Firtitudo Ltd has secured a £1m funding facility from alternative finance provider, ThinCats.

Investment options and the Innovative Finance ISA

13th Apr 2018   ·   The ThinCats Team   ·   Insights

Stewart Cazier, our head of retail, was interviewed by Simon Lambert of This is Money on what investors need to know about alternative finance, crowdfunding and the IFISA for the Investing Show.

Growth capital funding takes Calnex Solutions to the next level

6th Apr 2018   ·   The ThinCats Team   ·   Funding Stories

ThinCats is pleased to have provided Calnex Solutions with growth capital financing, both to enable the acquisition of Belfast-headquartered JAR Technologies and the continued expansion of the combined entity.

Fulfilling MBO and growth ambitions with a £1M funding facility – WG Carter’s story

4th Apr 2018   ·   The ThinCats Team   ·   Funding Stories

WG Carter Ltd specialises in the renovation and construction of high quality residential homes across Oxfordshire and the Cotswolds. In addition to luxury new build projects, the team carefully renovates beautiful country houses and restores them to glory, bringing them up to date with the latest services and decoration, whilst preserving their history and features for future generations.

Rate rises threaten returns on bond portfolios

29th Mar 2018   ·   The ThinCats Team   ·   Insights

Just when we had settled into the ‘new normal’ of bargain-basement rates, the Bank of England starts raising them, with a 0.25% rise in November and more could be on the way.

Supporting a strong manufacturing line

28th Mar 2018   ·   The ThinCats Team   ·   Funding Stories

ThinCats is helping shake up a Derby-based linear vibratory systems and parts handling business with a £1m loan to fund an MBO.

ThinCats delivers £1.2 million funding for fast-growth Serviced Office iHub

14th Mar 2018   ·   The ThinCats Team   ·   Funding Stories

ThinCats has delivered a £1,200,000 loan facility to DHR Business Solutions Limited to help fund the company's ambitious expansion plans.

Alternative Finance in Focus – Edmonds & Slatter's funding story

2nd Mar 2018   ·   The ThinCats Team   ·   Funding Stories

However strong your business proposition, realising it through a cashflow-based loan can be nigh-on impossible through traditional channels. Banks these days are reluctant to lend on anything other than bricks and mortar.

Where have all the bankers gone?

28th Feb 2018   ·   The ThinCats Team   ·   Insights

Banking has changed beyond all recognition over the last decade. Many high streets are now with-out a traditional bank as, according to The Times, some 802 branches closed in 2017 alone – a figure that seems certain to accelerate this year.

ThinCats extends credit team in the Midlands and North

21st Feb 2018   ·   The ThinCats Team   ·   News

Our team continues to expand as we appoint Rob Thompson to the newly-created role of regional head of credit for the North.

Storyboarding to success. 5 years of funding with 3DD Productions

16th Feb 2018   ·   The ThinCats Team   ·   Funding Stories

For our longstanding investors, the name 3DD Productions will be quite recognisable. Over the years they have successfully raised 15 loans through ThinCats, with continuing plans for growth.

The rise of the machines v the human touch

31st Jan 2018   ·   Ravi Anand   ·   Insights

Amid current fascination with driverless cars, it’s worth considering how far we are from a driverless credit process, as it were – what do algorithms and AI have to offer, and what still requires human consideration?

Enabling employee ownership when the banks won’t engage – Network ROI’s story

18th Jan 2018   ·   The ThinCats Team   ·   Funding Stories

Management buy-outs are a staple of the alternative lending industry, and ThinCats has been happy to help a large number of management teams make this happen. Employee buy-outs are somewhat rarer, but this is what has been successfully accomplished.

ThinCats Photo Competition 2018

12th Jan 2018   ·   The ThinCats Team   ·   News

Submit your best photo encapsulating the new ThinCats style of imagery for a chance to win £500 for charity. T&Cs apply. Find out more

2017 – A Transformational Year

11th Jan 2018   ·   The ThinCats Team   ·   News

At ThinCats, we listed our biggest ever loan, had our most successful month, achieved full FCA regulation, trebled the Credit, Securities and Origination teams, and completed a full rebranding programme, ending with our new website which launched on the 14th December – a fitting end to a great year.

Funding ambitions and providing a true alternative

14th Dec 2017   ·   The ThinCats Team   ·   News

You will see that the ThinCats website has been given a make-over – a look that is being reflected throughout our materials. Our new look has come about after a huge amount of development and growth within ThinCats. Therefore, we are proud to unveil the new ThinCats and are very excited about the year ahead.

ThinCats has partnered with The Manufacturer to offer £100m in funding to growing and expanding manufacturing SMEs

13th Dec 2017   ·   The ThinCats Team   ·   News

The £100m of funding will see our UK-wide network of Origination Managers supporting those companies in the manufacturing sector that require a level of capital to take their businesses forward, and prepare for 4IR.

ThinCats Newsletter December 2017

2nd Dec 2017   ·   The ThinCats Team   ·  

Articles include: Loan origination boosted with five hires | IFISA Progress | Lender fee to be introduced for new investors | ThinCats’ largest loan sets sail | Rewarding sustainable manufacturing

Institutional funding programme launched today

2nd Oct 2017   ·   The ThinCats Team   ·   News

ESF/ThinCats announces £200 million funding programme to support lending to UK SMEs ESF Capital, together with its operating subsidiary, ThinCats, has concluded a funding programme for loans of up to £5m for growing UK small- and medium-sized enterprises (SMEs).

ThinCats Newsletter October 2017

2nd Oct 2017   ·   The ThinCats Team   ·  

Articles include: Institutional funding programme launched today | Matters of risk | Keeping the shine on a vintage local business

Keeping the shine on a vintage local business

1st Oct 2017   ·   The ThinCats Team   ·   Funding Stories

W. Bruford is a chain of retail jewellery shops operating on the south coast, which was looking to refinance after their long-term bank changed their lending criteria. Business owner Ashley Pugh joined as general manager in 2001 and then led an MBO in 2003.

New Terms & Conditions

27th Sep 2017   ·   The ThinCats Team   ·   News

There have been a number of developments at ThinCats recently, such as our full authorisation by the FCA, and improved arrangements for back up service provision to protect our investors, which impact our Terms and Conditions; we have therefore updated and reissued them to investors today.

ThinCats Newsletter August 2017

8th Aug 2017   ·   The ThinCats Team   ·  

Articles include: Capital erosion: dangerous descents | Looking out for the UK’s overlooked SMEs | If you want to avoid breaking your IT systems, break your IT systems

ThinCats receives full FCA authorisation

8th Aug 2017   ·   The ThinCats Team   ·   News

ThinCats is thrilled to announce that the company has been granted full authorisation by the Financial Conduct Authority. The approval highlights the company’s commitment to protecting consumers and developing the alternative finance industry as a vital source of capital for businesses, and income for investors.

Capital erosion: dangerous descents

8th Aug 2017   ·   The ThinCats Team   ·   Insights

It’s possible that Edmund Hilary and Tenzing Norgay weren’t the first people to make it to the top of Everest. When George Mallory’s body was discovered on the slopes of the mountain 75 years after he disappeared in 1924, it was apparent he was descending, having been last seen 800 vertical feet from the summit

ThinCats Newsletter July 2017

7th Jul 2017   ·   The ThinCats Team   ·  

Pension planning: Interest-bearing assets

7th Jul 2017   ·   The ThinCats Team   ·   Insights

There used to be a rule of thumb in pension planning, that the percentage of bonds or other income-bearing securities, in one’s pension portfolio should equal one’s age. Things are somewhat more complicated and that, hopefully, has been replaced by more grounded and detailed analyses.

ThinCats Newsletter May 2017

31st May 2017   ·   The ThinCats Team   ·  

Unpacking retirement planning and P2P

31st May 2017   ·   The ThinCats Team   ·   Insights

P2P investments can play a vital role in retirement planning. Over the coming months, we will be taking a look at key issues around P2P loans and retirement planning.

Underwritten Loans

4th May 2017   ·   The ThinCats Team   ·   News

We outline below the ThinCats policy for loans listed on the platform which are underwritten by ESF. Where a loan is underwritten by ESF, they may also choose to take a minimum investment in the loan. Details of this will be set out in the information pack which is available to lenders.

ThinCats Newsletter April 2017

13th Apr 2017   ·   The ThinCats Team   ·  

Innovative and progressive approach to credit grading wins recognition

23rd Mar 2017   ·   The ThinCats Team   ·   News

We are delighted to announce that ThinCats has been ‘Highly Commended’ at the Business Moneyfacts Awards in the “Innovation in the SME Finance sector” category, for the ThinCats loan grading system.

ThinCats Newsletter February 2017

3rd Feb 2017   ·   The ThinCats Team   ·  

Rate trends in a maturing P2P market

21st Dec 2016   ·   The ThinCats Team   ·   Insights

From our analysis of the market we anticipate lower average loan rates, along with an increase in loan quality. These linked trends are a confluence of events in the wider alternative finance SME loan market – indeed, debt markets generally – and ThinCats’ own due diligence.

Diamonds are for… five years and very well secured

21st Dec 2016   ·   The ThinCats Team   ·   Funding Stories

Diamonds are a peer-to-peer lenders’ best friend, as Shirley Bassey sang. Or meant to, we’re sure. Cardiff’s finest export will doubtless have had many a diamond stocking filler at this time of year.

ThinCats Newsletter December 2016

20th Dec 2016   ·   The ThinCats Team   ·  

2016: the year we built on the foundations It’s that time of the year, where tradition expects we review the previous 12 months, typing out our thoughts as mince pie crumbs scatter the keyboard. It was ever thus, with annual reviews probably going back to cuneiform script on clay tablets.

Proud to be patrons of NACFB

15th Nov 2016   ·   The ThinCats Team   ·   News

ThinCats is pleased to announce its patronage of NACFB. The National Association of Commercial Finance Brokers is a trade body for business finance mediators, founded in 1992 in response to the growing incidence of fraud in the commercial finance arena.

Using ThinCats’ gradings

11th Nov 2016   ·   The ThinCats Team   ·   Insights

You want to go to cinema, but what to see? Easy – just pick the film with the highest rating. Five stars and you’re front and centre, with super large bucket of popcorn. Western, scifi, romcom, action – doesn’t matter, just so long as it’s got the most stars.

Introducing new introducers

11th Nov 2016   ·   The ThinCats Team   ·   Funding Stories

A core goal for ThinCats is to increase the volume and range of deals available to lenders on the platform. As all our loans are introduced through Sponsors and other business professionals, it’s vital that we develop our relationships with those best able to provide the lifeblood for SME P2P lending.

ThinCats newsletter November 2016

10th Nov 2016   ·   The ThinCats Team   ·  

Introducing new introducers A core goal for ThinCats is to increase the volume and range of deals available to lenders on the platform.

ThinCats newsletter September 2016

26th Sep 2016   ·   The ThinCats Team   ·  

Using the new loan gradings: Balancing risk and reward Should you invest in a loan that isn’t four or five star? Five star loans aren’t ‘good’ and one stars ‘bad’, any more than AAA-rated corporate bonds (of which there are vanishingly few these days) are good, and high-yield bonds bad.

Introducing Community Loans

25th Jul 2016   ·   The ThinCats Team   ·   News

We are pleased to introduce a new specialist Sponsor, Community Chest Business Loans Ltd, offering peer to peer loans for Social Enterprises that attract tax relief.

ThinCats newsletter July 2016

6th Jul 2016   ·   The ThinCats Team   ·  

The update issue Times past, ThinCats had neither the resources to carry out extensive development of the platform, or to keep our lenders adequately informed. But that is changing. We have been putting considerable capital towards supporting lenders, and are allocating more.

Changes To The ThinCats Client Money Procedures

6th Jul 2016   ·   The ThinCats Team   ·   News

As you know all of the major peer to peer platforms are in the process of applying for full authorisation by the FCA. As part of this process we have been reviewing our client money procedures and we need to introduce a few changes immediately that might affect you.

Business as usual

24th Jun 2016   ·   The ThinCats Team   ·   News

The last 24 hours have been interesting. The Brexit decision will undoubtedly have an impact on the British, European and World economies. Some of these impacts will have been foreseen and some will not.

ThinCats newsletter April 2016

29th Apr 2016   ·   The ThinCats Team   ·  

Gin loan raises spirits Gin has come a long way from Mother’s Ruin. However, access to finance can be a ruinous experience for a young gin distilling company trying to make its way in the world. Founded in 2013 by Mark Hensby and John O’Dowd, Liverpool Gin set out to provide “super premium organic gin”

Insurance group lists record-breaking loan on ThinCats

27th Apr 2016   ·   The ThinCats Team   ·   News

Europe’s biggest platform for secured P2P business loans has auctioned Europe’s – and possibly the world’s – largest non-property peer-to-peer (P2P) loan. Insurance group LAMP has listed a £3.5m loan on UK-based lending platform ThinCats.

ThinCats newsletter March 2016

14th Mar 2016   ·   The ThinCats Team   ·  

Towards the Innovative Finance Isa The birth of the Innovative Finance Isa (Ifisa), set for April, looks likely to be met with enthusiasm by investors.

The ThinCats Innovative Finance ISA – Take the survey

18th Feb 2016   ·   The ThinCats Team   ·  

The Innovative Finance Individual Savings Account (or “IFISA”) is due to be launched on 6th April but they can only be offered by peer to peer platforms that have achieved full FCA regulation and so far none have achieved that status.

ThinCats newsletter January 2016

25th Jan 2016   ·   The ThinCats Team   ·  

Welcome to the first edition of the ThinCats newsletter. We open with a look back and forward at the start of the year, with major developments taking place with the business and the peer to peer market.

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