All articles by Verdict Staff
Verdict Staff
Questions asked as lessors look set to lose millions
The lessee, Leicester-based manufacturer, Engineering Plastic Products Global (EPP), which filed for administration in November, in collaboration with a Stoke on Trent based broker, HTL Ltd, allegedly sought financings from a number of lessors for each single piece of equipment.
Truck shortages pose threat to lessors
The British Vehicle Rental and Leasing Association (BVRLA) has voiced concerns that manufacturers are being caught out by dramatic surges in demand for new trucks from the old Eastern bloc countries as their economies boom. BVRLA director general, John Lewis, said that current order times being quoted by several commercial vehicle manufacturers of up to 18 months for a maximum-weight tractor unit pose a very real threat to the industry.
Special report on leasing to SMEs: Small is good
Though it may have started in the consumer finance sector, the credit crunch could have many implications for business asset finance
UK Bank lessors bottom of the pile
UK Bank lessors bottom of the pile Despite UK bank-owned lessors appearing bottom of the pile in terms of their sales benchmarking practices, they are among the most productive of all leasing companies, according to latest research
Criticism of captive finance subs does not match reality
Almost without exception, the articles have been able to name names when discussing the merits and advantages of having a captive IBM, HP, CAT etc but, when discussing the negative aspects, I have seen no references to real companies and the concentration is moved towards general comments such as capital being tight and changes to ratios not being appreciated by the rating agencies
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
The new dawn
The new dawn Regulatory and accountancy reform is giving rise to a surge in take-up of operating leases So much so that one day the distinction between operating and financial lease will no longer exist
European Bank Lessors: Personal relationships still rule the roost among bank lessors
European Bank Lessors: Personal relationships still rule the roost among bank lessors Leasing Lifes series on European banks (September 2007 issue number 168) underlines a trend which has been in the making for some time that of the banks slowly but surely taking back the control of their leasing activities
Martin Hall changes direction
Martin Hall changes direction Martin Hall, who until this July was director general of the Finance & Leasing Association, has been appointed non-executive director of Copernicus
Commercial Vehicles: More service, please
Commercial Vehicles: More service, please Confidence is high among contract hire lessors in commercial vehicles, with business volumes growing, especially in heavy trucks. Though perhaps still best known in the business car fleet sector, contract hire is very long established in the UK in both light commercial vehicles (LCVs) and heavy goods vehicles (HGVs).
KBC expands further into Russia
KBC expands further into Russia Belgian banking and leasing group KBC, has just announced detailed plans for an expansion strategy in Russia – utilising the branch network of Russias Absolut Bank, in which it recently acquired a controlling stake