Read the latest industry news, find practical advice on how to grow your business and smart tips to save for the future, all here on the OakNorth blog.
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When it comes to supporting businesses as they grow, we’re interested in more than just your name and your revenue. Our decision-making process gets to know the people behind the numbers, finding out why they decided to take on debt financing, why now and where they are headed. There’s a story behind the journey to […]
There’s the adage that a healthy body brings a healthy mind, but increasingly, we’re seeing this also means a healthy bottom line for fitness businesses. We’re currently witnessing one of the biggest booms in the health space, as the UK fitness industry’s market value has reached an all-time high in 2023. But what can […]
The care sector has seen significant upheavals over the last five years due to the pandemic, Brexit, the war in Ukraine and the UK cost of living crisis. Yet, despite these tests, the sector has been hugely resilient and shown a lot of potential for growth. OakNorth’s resident care expert, Debt Finance Director Stuart Blair, […]
Generations of families are behind some of the world’s largest businesses, like Walmart, BMW and Mars. They lead the way in many countries, making up over 85% of private sector businesses in the UK, 67% of companies in Australia, and 87% of American companies are family-owned or controlled. And, while most family-run companies don’t have the extreme drama of the […]
With changing online shopping habits post-pandemic and a major shake-up in UK distribution lines post-Brexit, it’s no wonder that warehousing and storage companies are on the rise. Many businesses are looking for answers to their growing fulfilment needs, and both national and regional centres are stepping up to meet this demand.
Versions of artificial intelligence (AI) may have been around from the first computers of the 1940s, but when the advanced chatbot ‘Chat GPT’ went viral in late 2022, the pace of AI development rapidly increased.