Meet the enterprise financial institution that’s bringing again the connection supervisor within the UK

Allica Financial institution is a Enterprise Reporter shopper

The UK’s established small and medium-sized enterprise neighborhood – sometimes these with as much as 250 workers – are the beating coronary heart of the British economic system. Liable for greater than 30 per cent of the UK’s economic system and employment, it is usually a hive of innovation, development and alternative.

But they’re being let down by the high-street banks. Ten years in the past, these companies would have had the help of a relationship supervisor. Somebody that knew them and their enterprise, and that they may go to of their native financial institution department for assist. However these department networks, constructed on now-obsolete legacy know-how, had been expensive to keep up. The result’s that previously decade about 5,000 native financial institution branches – and, with them, 1000’s of native relationship managers – have been stripped away.

As an alternative, companies homeowners now wanting to speak to their financial institution are left to be bounced round faceless name centres, talking to those that don’t know their space, not to mention their enterprise.

And let’s not neglect, these companies are being charged a variety of charges by excessive road banks simply to have a checking account.

This shift has created a drought of monetary experience accessible to the established enterprise neighborhood. A relationship supervisor can present steering on learn how to make a powerful utility for a mortgage, and even level a enterprise in the direction of a product that they might not have even recognized existed.

Entry to a relationship supervisor will be the distinction between a agency profiting from a possibility or lacking out on one. And, at a time when companies are nonetheless readjusting after the pandemic, going through rising power prices and inflation and adjusting to life exterior the European Union, this sort of experience couldn’t be extra essential.

A financial institution constructed for established companies

This is the reason we constructed Allica Financial institution. Launching in 2020, our mission was to create a financial institution designed particularly for the wants of the established enterprise neighborhood. Constructed on fashionable know-how, we give each one in all our clients entry to an skilled relationship supervisor, and again it up with a easy and speedy buyer expertise.

And, in fact, we don’t cost companies for having a enterprise account. We’d slightly reward clients! Our present account has no month-to-month charges and pays as much as 1.5 per cent cashback on card spend, and our financial savings accounts pay rates of interest that may be greater than ten occasions what the excessive road banks present.

Thus far, it’s confirmed to be extremely in style. We’ve lent greater than £1 billion to established SMEs by our industrial mortgage and asset finance merchandise, and have greater than £1 billion saved with us. We’ve had some nice buyer suggestions, an “Glorious” ranking on Trustpilot, and have been voted Enterprise Finance Supplier of the Yr on the 2022 British Financial institution Awards.

At such a pivotal time for British companies, it’s important they’ve entry to the experience they should succeed and prosper. I’m proud that now, by Allica Financial institution, they’ve that chance.

In case you’d like to talk to an skilled Allica Financial institution relationship supervisor, then one in all our workforce would love to talk to you. Give us a name on 0330 094 6666 or e-mail hey@allica.financial institution. Alternatively, discover out extra at www.allica.financial institution.

Initially printed on Enterprise Reporter