All articles by Brian Rogerson
Brian Rogerson
Fleet Alliance sees slight growth following recent launch
Fleet Alliance has seen a slight increase in its commercial vehicle portfolio and is undergoing a significant review of its technology systems. The number of vehicles it financed during the first four months of 2008 was up year-on-year by 333 individual units, according to Martin Brown, Fleet Alliances managing director He forecasts Fleet Alliance will fund around 4,500 cars and commercial vehicles in 2008, which in terms of asset values lies between £100m and £120m
Integrating lessors
Leasing Lifes Asset Finance Distribution Conference 2007, which took place in Brussels, raised a host of key issues Industry consolidations continue apace as UK and continental European lessors seek to grow by acquisition.
Survival of the fittest
Following a bull market over the past five or so years, when demand has risen steadily and the supply of CVs has been restricted, residual values which often turned out to be higher than originally set are now falling steadily.
P&CF’s record figures boosted by e-Quote
P&CFs record figures boosted by e-Quote Private & Commercial Finance Groups (P&CF) proprietary internet-based proposal system, e-Quote, has been confirmed as contributing substantially to the groups ability to demonstrate recent excellent results for year ended 31 March 2008 (see ‘Massive hike in profits at P&CF despite crunch’) Michael Cumming, P&CFs chairman, explained that both the groups Business Finance and Consumer Finance divisions operate a similar business model whereby they receive finance proposals introduced by a national network of finance sources via e-Quote.
Vehicle arm of Potential growing in spite of cash arrears
Potential Vehicle Hire (PVH), the light commercial vehicle rental business owned by Potential Finance Group, has expanded its fleet size to around 1,000 vehicles Colin Swanston, managing director of PVH and Potential Asset Finance (PAF), the general asset finance arm, claimed: We find we are now taking business from some established contract-hire companies due to our flexibility in providing what customers want.
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Special Report on leasing to SMEs: Wise Deposits
They account for 47.1 per cent of UK employment (10.5m jobs) and 37.2 per cent of corporate turnover (£967.2bn).
DLL chooses APAK’s stock-financing product
Peter Johnstone, vice-president and general manager of DLLs Commercial Finance business in Europe, which provides stock finance and floor planning to clients in more than 30 countries, said a sophisticated wholesale and inventory finance application was needed to automate fully its stock funding operations across highly specialised industries