Invoice finance: an outstanding industry ensures a steady flow
Late payments have been a plague on SME finances for generations, with the largest and most prominent businesses often the most likely to drag their feet.…
By
Christopher Marchant
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ABN AMRO CF agrees £10m receivables funding package with food distributor
ABN AMRO Commercial Finance has delivered a £10m receivables funding line to food distributor Özgür Tarim UK.
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Close Brothers Asset Finance provides funding for printers
Close Brothers Asset Finance has provided funding for Scottish firm Bell & Bain’s printing presses as part of the…
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Bluestone Leasing launches prepaid reward card
Yorkshire-based credit broker Bluestone Leasing has launched a prepaid reward card on 1 October as part of its Spark…
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IGF: Three quarters of SMEs expect growth over next year
Growth and funding ambitions have strengthened among SMEs over the course of 2019, according to a report by Independent…
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Women in asset finance meet to discuss changing face of industry
More than thirty female executives from high-profile asset finance and alternative lending firms have met to discuss changing the…
ByLeasing foundation: seeking innovation in the customer experience
Christopher Marchant reports back from the latest Leasing Foundation panel discussion in Central London, this time covering the key…
ByAll aboard: inside the AFPA boat party
The Asset Finance Professionals Association (AFPA) hosted an event at The Yacht London on Temple Pier to raise funds…
BySeeds of change: how agricultural leasing is facing the 21st century
Dependent on large pieces of technology and a buoyant second-hand market, agriculture has always played a core part in…
ByHMRC to postpone implementation of reverse VAT charge
UK tax body HMRC is to delay the introduction of the reverse VAT charge for construction services until October…
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Aldermore yearly results show business finance up 12%
Aldermore has recorded a 12% rise to £3.4bn (€3.8bn) in business finance in the financial year to 30 June…
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Hanbury Riverside move to revamped headquarters
Commercial vehicle providers and subsidiary of Asset Alliance Group, Hanbury Riverside, have moved into a two-acre ‘old haulage yard’…
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Wyelands Bank research points to green asset investment uptick
Research commissioned by Wyelands Bank has shown that subsidy-free hybrid solar power systems becoming investable opportunities for asset finance…
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Santander to exit UK asset finance market
Santander UK will stop writing new asset finance business in the UK from the end of 2019.
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Alfa anticipates lower revenues in trading update
The value of software company Alfa Systems fell by around a fifth following an update on trading, ahead of…
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Assessing trends in the financial brokerage sector
A financial brokerage allows for access between consumers and finance providers, and the business is thriving.
ByBusinesses pen letter warning of damage caused by upcoming insolvency laws
Business groups have written to the chancellor expressing concerns over plans to prioritise repayments to HMRC over other creditors…
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MIC buys Think Business Finance
Make it Cheaper (MIC), a portfolio company of investment firm ECI, has announced the acquisition of SME lender Think…
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FLA: Asset finance market grows by 8% in July
Figures released today by the Finance & Leasing Association (FLA) show that asset finance new business overall grew in…
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BNP Paribas Leasing Solutions to offer charging station finance
BNP Paribas Leasing Solutions is to develop financial solutions to support energy transition and charging station installation across Europe.
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Second graduation for Asset Finance Diploma sees numbers almost double
There have been 58 graduates of the Diploma in Asset Finance, nearly double the amount of graduates compared to…
ByIRIS Software Group acquires software provider Innervision
UK-based IRIS Software Group has acquired Innervision, a global provider of lease accounting software, lease management consultancy and services.
ByAllica granted UK banking licence
Digital SME finance provider Allica has been granted a banking licence by the Prudential Regulation Authority (PRA).
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An analysis of the circular economy platform
The circular economy platform is seen as an alternative to the traditional linear economy of taking, making and disposing.
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Close Brothers Business Finance appoints sales director
Finance broker funding provider Close Brothers Business Finance has appointed a national sales director.
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Former managing director of Volvo Financial Services joins Invigors
Asset finance provider Invigors has appointed a UK-based associate for the firm.
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FCA appoints chair of smaller business practitioner panel
Charles Randell, chair of the Financial Conduct Authority (FCA), has appointed a chair of the smaller business practitioner panel.…
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White Clarke Group appoints business development director
White Clarke Group has appointed a figure with over 20 years of leasing experience to the position of business…
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Ultimate Finance to shift investments to asset-based lending
Ultimate Finance is to withdraw from the unsecured loan market to concentrate on further investment in asset-based solutions.
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Banks inform government of lack of SME preparedness for no deal Brexit
Financial services bosses have warned Chancellor Sajid Javid that the majority of UK SMEs remain largely unprepared for a…
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Hitachi Capital: Late payments costing UK SMEs at least £51.5bn
Research from Hitachi Capital UK has found that late payments are costing SMEs an estimated £51.5bn (€56.7bn).
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Genesis Asset Finance accredited by British Business Bank
Genesis Asset Finance has become an accredited lender under the British Business Bank’s (BBB) Enterprise Finance Guarantee programme.
ByUK gov’t tightens late payment rules from September
Government late payment rules that will affect private businesses applying for public contracts are set to come into force…
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An analysis of risk in financial services
A thorough analysis of risk in financial services can mitigate but never entirely eradicate it for an investor.
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WH Bond exits plant hire and agricultural machinery sales over market fears
Cornwall-based WH Bond is to exit the machinery sales and plant hire markets citing market conditions and concerns over…
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Leasing in Turkey shows 7.5% growth for H1 2019
The Turkish Association of Financial Institutions (FKB) has recorded total assets of Turkish lira (TL) 129bn (£18.3bn), a year-on-year…
By Aldermore: Lack of funding holds back a fifth of UK SMEs
The latest Aldermore Future Attitudes study has shown that nearly a fifth of UK SMEs have missed opportunities in…
By FLA: Asset finance market grows by 6% in June
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business grew by 6% in…
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DLL records 26% fall in net profits for H1 2019
International leasing company DLL has recorded net profit of €179m (£163m) in the first six months of 2019, a…
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The future developments of finance and risk
Every investment comes with the risk of loss, coming in scale from an individual bankruptcy to a worldwide financial…
ByIGF appoints regional ABL director
Commercial finance provider Independent Growth Finance (IGF) has appointed an ABL director for the Thames Valley region of the…
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Arbuthnot Commercial ABL agree £8m facility with security services provider
Arbuthnot Commercial ABL has provided a flexible £8m receivables finance facility to support the refinancing of MAN Commercial Protection.
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Leasing in Czech Republic up 2.2% for H1 2019
Members of the Czech Leasing and Financial Association provided clients with Czech Koruna (CZK) 82.8bn (£2.9bn) in leasing during…
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Handelsbanken tops bank satisfaction rankings issued by CMA
The third set of banking customer satisfaction results from the Competition and Markets Authority (CMA) has shown Handelsbanken UK…
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ABN AMRO Lease appoints UK head of sales
An appointment has been made to the position of head of sales for ABN AMRO Lease UK.
ByLinedata: asset industry heads discuss digitisation and technological development
The Linedata Exchange programme is being held this year at showcases in Hong Kong, Paris, London and New York.…
ByAssetz Capital appoints relationship manager for Scotland
Peer-to-peer lender Assetz Capital has made a promotion to relationship director and hired a senior relationship manager in Scotland.
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Secure Trust Bank Commercial Finance reports growth in H1 2019
The commercial finance arm of Secure Trust Bank has continued to grow in h1 2019, following the cessation of…
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Haydock Finance appoints regional broker manager
SME lender Haydock Finance has made an appointment to the newly created role of regional broker manager for the…
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Leaseplan records 79% fall in net result for Q2 2019
Netherlands-based leasing and fleet management company LeasePlan has posted a 79% fall in net result for Q2 2019.
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BNP Leasing Solutions UK enters food and drink equipment market
BNP Paribas Leasing Solutions UK has expanded into the food and drink equipment market as an extension of the company’s…
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Midlands Asset Finance launches vendor finance division
Financial services broker, Midlands Asset Finance (MAF), has appointed four directors in the creation of a national vendor finance…
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The development of factoring in banking
The development of factoring in banking follows both economic tides and an understanding of the role it plays within…
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Lloyds Bank Asset Finance in £1m deal with vitamin manufacturer
Lloyds Bank Asset Finance has entered into a £990,000 investment with Leicestershire based vitamin manufacturer Lifeplan Products.
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Leaseurope criticizes FSB evaluation of SME financing
Leaseurope has responded to the Financial Stability Board document on evaluation of the effects of financial regulatory reforms on…
ByHGV leasing: a weight on our minds
The heavy goods vehicle (HGV) sector has experienced consistent growth in recent years, but has also faced road bumps…
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Over a third of asset finance brokers expect lender pricing to increase
According to research by United Trust Bank, over a third of asset finance brokers expect lender pricing to increase…
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Assetz Capital appoints relationship director
Peer-to-peer lender Assetz Capital has appointed a regional relationship director in East Anglia and the East Midlands.
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Simply agree £323,000 facility with Scottish gold mine
UK SME finance provider Simply has provided a £323,000 funding facility to Scotgold Resources, a gold exploration and development…
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Hungarian leasing increases by 14% in H1 2019
The amount financed by the subsidiaries of the Hungarian Leasing Association in the first half of 2019 amounted to…
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Latvian leasing firms create database for unregistered leasing objects
Members of the Latvian Leasing Association have introduced an online database of unregistered leasing objects.
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Credit platform OakNorth appoints chief operating officer
SME finance provider OakNorth has made an appointment to cover the dual roles of chief technology officer and chief…
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ALD Automotive record 1.8% decrease in profits for H1 2019
Societe Generale’s fleet leasing subsidiary ALD Automotive has posted €343.7m in profits for the first half of 2019, a year-on-year…
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Strategies for different corporate banking products
When looking into the best corporate banking products for your business, it's best to see how they can fit…
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LeasePlan appoints chief financial officer
Netherlands-based leasing and fleet management company LeasePlan has appointed a chief financial officer who will also sit as a…
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MRI Software acquires leasing technology businesses
Technology company MRI Software has acquired ProLease, a US based provider of lease administration, lease accounting, and workplace management…
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Positive provide six figure funding line for care home chain
Invoice finance providers Positive Cashflow Finance have provided a six-figure funding line to nursing care providers, EAM Care Group.
BySmall businesses criticise government response to late payment plans
Recent plans by the UK government plans to tackle the UK’s £16bn late payment problem have been criticised by…
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An analysis of real assets vs financial assets
To give an analysis of real assets versus financial assets, first there must be a definition of each term.
By DLL close $443m securitization transaction in US
Netherlands-based global vendor finance company, DLL, has closed an Asset Backed Securities securitization transaction in the US for $443m…
By Hitachi Capital UK sees 5.8% growth in annual profits to £123m
Hitachi Capital UK has recorded a 5.8% year-on-year growth in profits to £123m (€134m), its tenth year of successive…
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Arbuthnot in £10.7m asset finance deal with windows supplier
Arbuthnot Commercial ABL has structured a £10.7m facility for Anglian Windows, a UK-based producer of products such as windows…
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German leasing up 10% in first half of 2019
In the first half of the year, German leasing companies recorded an increase of 10% in new equipment-leasing business…
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Investec and Quantum combine broker manager teams
Investec Asset Finance and Quantum Funding are to amalgamate their broker manager teams.
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Cambridge & Counties provide asset finance to waste disposal firm
Leicester based D & M Tankers has secured asset finance funding from Cambridge & Counties Bank to acquire a…
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Pros and cons of technology in business communication
Companies across the globe are reaping the benefits of rapid advancements in technology in business communication.
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ACEA: Commercial vehicle registrations up 2.8% in June
In June 2019 demand for new commercial vehicles in the EU remained positive (+2.8%), marking the sixth consecutive month of…
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Hokodo awarded €2m grant for invoice finance protection
London based fintech startup Hokodo has been awarded a €2m (£1.4m) grant by Horizon 2020.
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Secure Trust Bank adds to origination team
Secure Trust Bank Commercial Finance has increased its deal origination team in the South of England to three. This…
ByPCF Bank appoints non-executive director
AIM-listed PCF Bank has appointed a non-executive director with immediate effect.
ByIndependents Day: how outside entrants are shaking up SME finance
Once, SME owners could go to their local high street bank when looking for finance to take their business…
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The best approaches to manufacturing business technology
Manufacturing business technology can be defined in a wide variety of ways, from large tools of production to digital…
ByUltimate Finance posts record lending results in H1 2019
Ultimate Finance said it has recorded its strongest ever six-month period of lending, providing £750m to SMEs in the…
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Lex Autolease provides van excellence training to LCV team
UK fleet management provider Lex Autolease is investing in its 32-strong light commercial vehicle (LCV) team.
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1pm hires broker manager for north of England
SME asset finance provider 1pm has appointed a broker manager in their asset division.
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White Oak UK makes multiple hires to specialist finance team
SME finance provider White Oak UK has made five new hires to its specialist finance team.
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RBS and STB agree £60m invoice discounting facility with medication business
Converse Pharma Group has secured a £60m combined facility from Royal Bank of Scotland (RBS) and Secure Trust Bank…
ByWyelands Bank opens Leeds office
SME lender Wyelands Bank has opened a new regional office on Albion Street in Leeds, Yorkshire.
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The transforming effects of technology on business
When thinking of the transforming effects of technology on buisness the most immediate developments that come to mind might…
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BBB provides £222m funding for asset finance in 2018/9
The British Business Bank (BBB) has provided £222m in support of asset finance in 2018/9, according to its annual…
ByThe leasing foundation: asset finance and open banking
Industry figures gathered at law firm TLT’s offices in central London to discuss Open Banking, both for its potential…
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Secure Trust Bank provides facility to agriculture manufacturer
Secure Trust Bank Commercial Finance has provided a six-figure invoice finance facility to agriculture manufacturer Hay and Brecon.
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Lloyds Commercial Banking appoints invoice finance director
Lloyds Bank Commercial Banking has appointed an invoice finance director from within the company.
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BNP Paribas LS deputy CEO talks circular economy on French television
Pascal Layan of BNP Paribas Leasing Solutions has appeared on French television show Green Reflex to discuss the circular…
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Interserve appoints chairman following administration
Contractor and construction company Interserve has appointed a chairman with immediate effect.
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Simply provides £130,000 facility to Edinburgh taxi firm
SME finance provider Simply has completed a £130,000 hire purchase deal to enable a taxi firm in Scotland to…
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EU trade deal with South America welcomed by ACEA
A free trade agreement between the EU and Mercosur, the South American trade bloc, has been welcomed by the European…
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Trends in the business finance loans market
Business finance loans are a common means of obtaining extra capital for a company to invest and grow.
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Mid-sized aerospace manufacturers feel underappreciated by banks
Three quarters of mid-sized aerospace manufacturers feel that their business is not a priority for their bank.
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Treasury draft finance bill prioritising tax bills in insolvency cases
The UK government has published draft legislation for the upcoming Finance Bill, emphasising the priority in insolvency cases will…
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Swiss watchdog fines car companies €27m over price cartel
WEKO has fined eight car leasing companies a collective amount of 30m Swiss francs (€27m, £24.2m) over their roles…
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Element-Arval appoints vice president
The Element-Arval alliance has appointed a vice president responsible for supporting multinational accounts between Europe and Element’s sales teams.
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Zero emissions vehicles to pay 0% BIK tax
UK drivers of electric and alternatively fueled company cars will no longer have to pay Benefit In Kind in…
By IGF client funds in use reaches £100m marker
Independent Growth Finance (IGF) has achieved £100m client funds in use through the funding of UK SMEs.
By Close Brothers in MBO for Scottish printing firm
Close Brothers Asset Finance has assisted in Glasgow-based Bell & Bain’s management buy-out of J Thompson Colour Printers.
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Simply receives £60m warehouse facility from Citigroup
Asset finance provider Simply has received a £60m warehouse facility from Citigroup.
By UK core asset finance market grows by 6% in May
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business for deals of up…
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CMA directs Barclays to fix banned SME banking practices
The Competitions and Markets Authority (CMA) has directed Barclays to improve its practices after the bank broke rules designed…
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Close Brothers: SME unawareness of Annual Investment Allowance
Despite a temporary two-year boost in the AIA, research from Close Brothers has found that UK SMEs have no…
ByLeaseurope: 4.4% increase in new business volumes in Q1 2019
The Leaseurope index of lessors across the European continent has shown that new business volumes continued growing year-on-year by…
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Assessing the impact of consumer financial protection
Consumer financial protection can range from ensuring companies do not create a monopoly and regulation to prevent companies exploiting…
ByHaydock Finance appoints relationship director
Blackburn-based SME lender Haydock Finance has created the role of relationship director and promoted from within to fill it.
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Wyelands: Mid-sized companies feeling under-appreciated by their banks
Research from SME lender Wyelands Bank has shown that three fifths of mid-sized manufacturers feel their business is not…
ByCambridge and Counties executive to join Recognise board
Recognise Financial Services, a subsidiary of the City of London Group, has appointed a fifth Independent Non-Executive Director (INED).
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BNP Paribas LS make executive appointments
BNP Paribas Leasing Solutions has made appointments to the role of country supervisor and managing director of technology solutions.
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IGF provides £3.9m funding facility to card manufacturer
Independent Growth Finance (IGF) has provided a £3.9m (€4.35m) funding facility to Essex-based card manufacturer Thames Technology. The £3.9m…
By Aldermore appoints business finance director
Aldermore Bank has appointed a business finance managing director with responsibility for invoice finance, asset finance and commercial real…
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Bank of England to lead on SME finance data platform
The governor of the Bank of England, Mark Carney, has confirmed the bank would help lay 'groundwork' for an…
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AFPA plans network and charity fundraiser in London
The Asset Finance Professionals Association (AFPA) is hosting an event at The Yacht London on Temple Pier on July…
ByJohnnie Halliday: a combination of ambition and experience
After a long career in leasing at companies ranging from Pitney Bowes Leasing to Five Arrows, Cassiopae and Linedata,…
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ALD to acquire BBVA renting portfolio in Portugal
Societe Generale's fleet leasing subsidiary ALD Automotive has signed an agreement to acquire BBVA Automercantil’s vehicle renting portfolio in…
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Russian leasing market grows by 20% in 2018
The leasing industry of Russia has released its annual results at the conclusion of its ninth Annual Congress in…
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Volkswagen prepares for IPO of Traton
Volkswagen has determined the price range and offer structure for the upcoming Initial Public Offering (IPO) of its commercial vehicle…
BySantander Business Banking provides £460,000 for LED wall technology
Premier UK Events, an event production company based in Leicestershire, has secured a £460,000 funding package from Santander Business…
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FCA expands on decision to bring no charges in final RBS GRG report
The Financial Conduct Authority has published its full report into the RBS GRG scandal, expanding on its reasoning to…
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FCA overdraft reform is welcome – and overdue
The Financial Conduct Authority (FCA) overdraft reform long anticipated by many in the financial industry has arrived, implementing changes…
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FleetCheck push for industry improvements in collection of EV data
Fleets are facing an increasing need to compile more reliable data about the use of electric and hybrid vehicles,…
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Acquis launches company in Netherlands to avoid Brexit complications
Acquis Insurance Management has launched a company in the Netherlands as part of its European expansion strategy.
ByIndustry 4.0: SMEs caught in a race for technology
Industry 4.0, also known as the fourth industrial revolution, refers to digital developments as discrete as cloud computing, the…
ByLeasing foundation: keeping ahead of the times
Industry figures assembled at the Metro Bank UK head office in Holborn to discuss the ever-essential need to adapt…
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Independent Growth Finance appoints chairman
Commercial finance provider Independent Growth Finance (IGF) has appointed a non-executive chairman.
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Idinvest closes direct-lending SME fund at €340m
European SME investor Idinvest Partners has closed the ISIA Fund (Idinvest SME Industrial Assets) at €340m (£302m), surpassing the…
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Gener8 Finance arrange £200,000 facility with refrigerator manufacturer
Air conditioning and refrigeration contractor J.C. Watson Mechanical has secured a £200,000 working capital facility from Gener8 Finance.
By BNP Paribas LS to finance charging stations across France
BNP Paribas Leasing Solutions is to offer financial solutions for the installation of electric charging stations throughout mainland France.
By FCA targets bank overdrafts with bans on fees
The Financial Conduct Authority (FCA) is introducing reforms to an overdraft market described by the regulatory body as ''dysfunctional''.
By Asset finance market shows 7% rise in April
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business grew by 7% in…
ByOffice equipment leasing: a strong and staple relationship?
Few areas of leasing have been as radically transformed in the past decade as office equipment, with the spaces…
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3 Step IT remarkets more than 97% of end-of-lease devices
IT management company 3 Step IT's annual Sustainability Report has shown that in 2018 it refurbished and resold more than…
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BFS provides £250,000 invoice finance facility to printers
Bibby Financial Services (BFS) has provided a £250,000 invoice finance facility to company Thomas Loughlin, a high-quality print finisher.
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PCF Bank sees 57% increase in profit in H1 2019
AIM-listed PCF Bank's half yearly results have shown profit before tax for the period up 57% to £3.3m.
ByKier profit warning raises company value fears
Kier has announced that the Group's underlying operating profit for the 2019 financial year will be lower than previous…
By
Asset Alliance Group provides fleet for Amazon supplier
Asset Alliance Group has delivered a fleet of 56 new tractor units to Cross Transport, for operation on its…
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Alphabet International appoints chief executive officer
Alphabet, the business mobility provider and fleet leasing subsidiary of BMW, has appointed a new chief executive office to…
By
Close Brothers Asset Finance adds to Scotland team
Close Brothers Asset Finance has appointed an area sales manager to enhance the company’s presence in the north of…
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AIB provide £700,000 asset finance facility to concrete manufacturer
Allied Irish Bank's Liverpool branch has provided a £700,000 (€793,000) asset finance facility to North West of England based…
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Bathgate Leasing provides £35,000 asset finance for restaurant chain
Entrepreneur Andrew Mckechnie has brought a Dutch-style 'chippy' to Liverpool’s waterfront after securing £35,000 through Bathgate Business Finance.
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Lex Autolease launches fleet for pest control business
UK fleet management provider Lex Autolease has delivered a 228-strong fleet of vans to pest control business MPCL.
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White Oak UK acquires Growcap Finance
SME finance provider White Oak UK has acquired Growcap Finance, a Dublin-based provider to the SME market in the UK…
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Haydock Finance appoints broker relationship manager
UK-based SME asset finance provider Haydock Finance has appointed a broker relationship manager for the South West of England.
By Leaseplan results: 7.1% fall in net profits for Q1 2019
The underlying net result for Netherlands-based leasing and fleet management company Leaseplan was €149.6m (£132m) for the first quarter of the…
By Four out of five brokers undeterred by Brexit uncertainty
A Broker Sentiment Poll from UTB has revealed that 80% of brokers are pursuing their plans for their businesses…
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SFS agree invoice finance deal with facilities management company
Siemens Financial Services (SFS) has agreed an invoice finance deal with facilities management and cleaning company NIC Services.
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IGF Group fund £1m MBO for safety equipment manufacturer
Independent Growth Finance has provided a £1m invoice discounting facility for Supply Plus, a British manufacturer of firefighting and…
By
Paragon sees 29% growth in asset finance
Paragon's half year results to 31 March 2019 has shown a 29% year-on-year growth in asset finance lending to…
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Arbuthnot Commercial ABL assists MBI for metals manufacturer
Arbuthnot Commercial ABL has funded the Management Buy In (MBI) of Bury‐based Bornmore Metals, a long-established non‐ferrous metals stockholder.
ByLeasing Foundation elects board members, Thomas departs
The Leasing Foundation, has changed its board members with executive director Peter Thomas stepping down from his role as…
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Simply makes hires to Scotland team
SME asset finance provider Simply has created a dedicated team covering the nation of Scotland.
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Secure Trust Bank CF in £14.75m deal with Formula One manufacturer
Secure Trust Bank Commercial Finance has provided a £14.75m finance facility to Formaplex, who provide mould tooling for the…
ByEuro Auctions to dispose of Dawnus construction assets
Euro Auctions has been appointed to dispose of assets of construction group Dawnus, following its administration on 15th March 2019.
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Volkswagen Commercial Vehicles appoints head of fleet
An appointment has been made to the role of head of fleet in Volkswagen Commercial Vehicles, replacing David Hanna.
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OakNorth completes debt finance deal with equipment manufacturer
OakNorth has completed a debt finance deal with the UK based hydro shop GroWell, for management buyout and working…
By Asset finance market grows by 11% in March
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business grew by 11% across…
By
Which country has the most top leasing companies?
Deciding which country has the most top leasing companies is a question of whether you judge individual businesses or…
By
Midlands Asset Finance appoints director of vendor sales
South Normanton-based financial services broker Midlands Asset Finance (MAF) has hired a director of vendor sales.
By
Rivers Leasing makes four promotions across teams
Asset finance funder Rivers Leasing has made four promotions within its team.
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IGF agree £4.5m asset finance deal with manufacturer
Independent Growth Finance (IGF) has agreed an asset-based lending deal with oil and gas manufacturer Pryme worth £4.5m.
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ALD Automotive managing director to stand down
ALD Automotive UK's managing director is stepping down from his role in June following 22 years at the company.
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BNP Paribas LS appoints head of broker division
BNP Paribas Leasing Solutions has appointed a lead for its broker team and made a series of promotions.
ByArchOver opens Hertfordshire & Bedfordshire office
P2P business lending platform ArchOver has opened an office in Hatfield.
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Secure Trust Bank provides manufacturer with £5m facility
Secure Trust Bank Commercial Finance has provided a £5m asset-based lending facility to ladder and scaffolding manufacturer Lyte.
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Positive makes addition to business development team
Manchester-based invoice finance providers Positive Cashflow Finance has appointed a business development manager.
By Commercial finance: assessing the drivers of LCV leasing
Even in an age of economic uncertainty, light commercial vehicle (LCV) leasing has been a dependable option for asset…
By
Tees Valley businesses receive £10m investment from Northern Powerhouse
The Northern Powerhouse Investment Fund (NPIF) has made 45 investments in the region of Tees Valley, worth a combined…
ByDLL 2018 results show 37% fall in net profits
Results from international leasing company DLL have shown a year-on-year fall in net profits from €606m (£520m) to €380m.
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BNP Paribas LS appoints HR director to board
BNP Paribas Leasing Solutions UK has appointed its HR director to the board.
BySimply makes hires to Northern Ireland team
SME lender Simply has hired four employees in Northern Ireland and has moved the whole team into a new…
ByWhite Oak UK enters into collaboration with Spotcap
Business lenders White Oak UK and Spotcap have entered into a partnership with the intention of improving access to…
By
Northern Powerhouse investments in Leeds total £20m
The Northern Powerhouse Investment Fund (NPIF), delivered by British Business Bank, has invested a total of £20m in SMEs…
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Four recent newcomers to the emerging challenger banks list
Below is an emerging challenger banks list denoting some of the most well known and dynamic institutions in the…
ByCOLG appoints chairman for SME business
City of London Group (COLG) has added to the board of SME business Recognise with the appointment of the…
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Close Brothers Asset Finance secures MBO for manufacturer
Close Brothers Asset Finance has supported Redditch-based manufacturer Able Tooling with a management buy-out.
ByOver 1,000 UK businesses failing to submit late payment data
More than 1,000 businesses are ignoring regulation by not reporting how long they take to pay suppliers.
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OakNorth makes senior hires in Manchester, Midlands and South West
SME lender OakNorth is increasing its regional presence with the appointment of four senior team members in Manchester, the…
By
Latvian leasing volumes increase by 7.3%
In 2018, the leasing portfolio in Latvia increased by 7.3%, according to data collected by the Latvian Leasing Association…
By
HTB Structured Asset Finance in £1m deal with marine companies
The specialist business finance division of Hampshire Trust Bank (HTB) has completed a £990,000 asset refinancing facility for a…
By
Is there an increasing demand for equipment finance?
Businesses that use equipment on finance can find numerous advantages to this strategy, such as preserving current capital and…
ByHenry Howard Finance adds to hard asset vendor finance team
The newly-created hard asset vendor section at Henry Howard Finance has increased its team with two appointments.
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JCB Finance achieves £1bn in balances
UK construction and agricultural industry funder JCB Finance has now lent £1bn for the purchase of machinery equipment.
By FLA launches new SAF training course
The Finance & Leasing Association’s (FLA) Specialist Automotive Finance programme has been relaunched as SAF Expert.
By 3 Step IT Group announces 14% earnings growth
IT resources provider, 3 Step IT has recorded an operating profit of €24.5m (£21.2m) in its annual report, published today.
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NatWest doubles SME finance fund to £6bn
NatWest's Growth Funding results have shown that £2.9bn of a £3bn pot has been approved for investment, and that…
By
BNP Paribas Rental Solutions appoints head of operations
Commercial vehicle fleet provider BNP Paribas Rental Solutions has announced the appointment of a head of operations.
ByUK automotive sector missing out on £25bn due to lack of finance
The UK automotive sector is missing out on £25bn due to a lack of finance, according to SME finance…
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British Business Bank to supply £200m business funding
UK businesses are to receive £200m of government funding for ''innovative British firms'' in light of ongoing Brexit negotiations.
ByOver half of SMEs predict UK recession this year
Concerns including Brexit are causing more than half of SMEs to predict a UK recession by the end of…
By
Societe Generale appoints UK head of global finance
Societe Generale Corporate and Investment Banking has confirmed the appointment of a UK head of global finance.
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UK government recovers over £3m in late payments
According to SME finance provider Funding Options the Small Business Commissioner has recovered £3.4m of late payments for 91 small…
By DLL closes $500m securitisation transaction
Multinational vendor finance company DLL has closed a securitisation transaction in the United States for $500m (€443m).
By
Caple issue £1.7m unsecured loan to environmental consultancy
SME credit provider Caple has supported Birmingham-based Dunton Environmental, with a £1.7m eight-year unsecured loan.
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Roundtable: if EVs are the future, can diesel stay relevant?
John Hargreaves, head of fleet and remarketing, and Steve Kitson, corporate communications director at Kia Motors UK both spoke…
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What is equipment finance? Why it could be good for your business
Equipment finance is undertaken by businesses who do not wish to buy necessary equipment outright but instead choose to…
By
Brexit classed by German printing industry as ‘main business concern’
Brexit has been identified by German print firms as their primary current business concern.
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Santander Business Banking provide asset funding line for lorry purchase
Santander Business Banking has provided £50k asset finance funding to Axminster-based Axe Skip Hire for a 7.5 tonne DAF…
By Banks consider wholesale business lending due to concerns over defaults
Banks are shifting towards less-risky wholesale business lending, with a 48% jump in lending to leasing providers in just…
By
White Oak UK launches premium broker programme
SME finance provider White Oak UK has announced the launch of a premium broker programme with the desire to…
By
Wyelands Bank adds to capital solutions team
SME finance provider Wyelands Bank has appointed a relationship manager in its working capital solutions team.
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Secure Trust Bank CF provides £5m invoice to manufacturer
Secure Trust Bank Commercial Finance has provided a £5m invoice finance facility to BCW Manufacturing Group.
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Henry Howard Finance expands Midlands team
Henry Howard Finance is expanding its network of account managers in the Midlands in response to increasing demand.
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Exploring innovation in vehicle remarketing
Vehicle remarketing is an expanding field. Company fleets are transitioning to consumer vehicles while innovation in technology transforms this…
By
Go Plant Fleet Services appoints chief executive
London-based commercial vehicles provider Go Plant Fleet Services has appointed a chief executive.
ByWyelands Bank owner completes acquisition of Diamond Bank UK
Indian industrialist Sanjeev Gupta has completed the acquisition of Diamond Bank UK, now to be known as the Commonwealth…
By
The pros and cons of SME investment
The pros and cons of SME investment relate not only to macroeconomic signifiers, but also whether each individual Small…
By
Just Cash Flow appoints chief commercial officer
The former head of channel development at White Oak UK has joined Just Cash Flow as chief commercial officer.
ByFitch reiterates Provident rating despite positive performances
Fitch has reissued Provident Financial as a 'BBB-' credit rating, the lowest investment grade classification on the scale.
By FLA: asset finance market grows by 15% in February
Asset finance new business (primarily leasing and hire purchase) grew in February 2019 by 15%, compared with the same…
By
Medical technology: a cleaner bill of health?
The healthcare sector is constantly at the forefront of technological development, dependent on the latest innovations in improving and saving…
ByPraetura Group expands into central Manchester offices
Financial services firm Praetura will be relocating from Castlefield to central Manchester.
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Leasing Foundation founder forms future finance network
The finance academic who set up the Leasing Foundation has launched a fresh enterprise focusing on professional development and…
By
Aldermore provides funding for £530k printing asset
Aldermore has funded printing machinery worth £530k for Lancashire-based printing business Sturdy Print.
ByFranchise Finance rebrands after Hitachi Capital acquisition
Franchise Finance is now to be known as Hitachi Capital Franchise Finance, after the company was acquired by the…
By
UK businesses losing £2.4bn a year while vans repaired
UK businesses are collectively losing £2.4bn per year due to vans not being operational, according to a research study…
By
SME leasing statistics indicate continuation in growth across Europe
SME leasing statistics released by a number of industry bodies are all showing the power of leasing as we…
By
H&H launches farm asset finance joint venture with Mulberry Asset Finance
Asset finance providers the H&H Group has launched a farm finance division, a joint venture with Cumbria-based Mulberry Asset Finance.
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Hitachi Capital UK expands in Europe via vendor subsidiary
Hitachi Capital UK will expand its business into Ireland and within the Netherlands through its European Vendor Solutions division.
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Funding Circle hires former Close Brothers executive
SME finance provider Funding Circle has expanded its broker teams with three hires focused on the UK regions of…
BySecure Trust Bank CF increases lending balances by 54%
Secure Trust Bank Commercial Finance has increased its lending balances by 54%, with a total of £194.7m invested in…
By
Arbuthnot Bank post £6.8m in profit before tax
Arbuthnot Banking Group has achieved a profit before tax for 2018 of £6.8m, compared to the 2017 figure of…
By
Barclays launches £14bn Brexit SME support fund
Barclays has today announced a £14bn lending fund as part of a series of initiatives intended to help SMEs…
ByDLL closes £306m UK equipment lease securitization
DLL has announced a equipment lease securitization transaction in the United Kingdom for £306m, the first for five years.
By‘Brexit effect’ sees European leasing volumes drop in Q4 2018
According to the Leaseurope Index, total new leasing volumes reported in Q4 2018 by the sample of firms decreased…
By
Brexit and ULEZ show signs of unsettling used-LCV market
Shoreham Vehicle Auctions (SVA) has indicated that the used LCV market is showing signs of change caused by Brexit…
ByHWC: Over half of the UK saw bank lending to SMEs fall in 2018
An investigation by debt adviser Hadrian's Wall Capital (HWC) has shown that over half of the UK saw bank…
By
Braemar Finance acquires Capital Lease Solutions
Braemar Finance has acquired Buckinghamshire-based finance broker, Capital Lease Solutions. Founder and owner of Capital Lease Solutions, Graham Burwood, will…
ByPraetura Ventures raises £15m for first EIS fund
Praetura Ventures is raising capital of £15m for its first Enterprise Investment Scheme (EIS) fund.
By
Leaseurope: 72% of lessors anticipate volume increase in 2019
The Leaseurope European business confidence survey has recorded a "generally positive' outlook for the continent in 2019.
By
Alphabet sees 3% portfolio growth in 2018
Alphabet, the business mobility provider and fleet leasing subsidiary of BMW, posted 3% operational lease portfolio growth and customer…
ByOakNorth reports £33.9m profit for 2018
UK SME lender OakNorth has recorded pre-tax profit of £33.9m in 2018, a 220% increase from £10.6m yearly profit…
By
Global Leasing Report: Europe growth rate of 32.7%
The thirteenth Global Leasing Report by White Clarke Group showed 32.7% growth in leasing in Europe for the calendar…
By
HP launches global financing and leasing division
HP has launched HP Integrated Financial Solutions, a white-label business line for its vendor partners to facilitate the sale…
By
Arval to showcase hydrogen fuelled cars across UK
Arval will host a series of roadshows across the UK to raise awareness of hydrogen cars.
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BNP Paribas LS appoints healthcare manager from Siemens FS
BNP Paribas Leasing Solutions has appointed a key account manager for healthcare leasing.
BySimply Asset Finance rebrands as Simply
Simply Asset Finance, the non-bank SME lender founded in 2017, will be rebranded as ‘Simply’ with a redesign across…
By
Interserve to enter administration after rescue vote fails
Troubled contractor and construction company Interserve has had a rescue package rejected by shareholders in a critical vote.
ByIGF provide £7.5m invoice discounting finance for engineering company
Independent Growth Finance (IGF) has issued a £7.5, funding agreement with civil engineering and railway company Specialist Engineering Services (SES).
ByCity Of London Group in £15m capital raise
The City Of London Group (COLG) has received commitments to raise £15.2m in new funds to support the development…
By
UK government plans audit committees to tackle late payments
In the Spring Statement before UK parliament, Chancellor Philip Hammond announced "definitive action to tackle the scourge of late…
By Government to publish WLTP consultation ‘in coming months’
Chancellor Philip Hammond promised that a government consultation on the impact of WLTP would be published ‘in the coming…
By
UK creative industries facing £1bn in late payments
Research from business finance company Market Invoice has shown that around half of all invoices for creative industries were…
By Interserve chair issues stark warning as rescue vote looms
Interserve chairman Glyn Barker has warned that the company will have 'nowhere to go' if a rescue package is rejected…
By FLA results: Asset finance market up by 9% in January
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business grew by 9% in…
By
Arbuthnot Bank in £10m asset finance deal with truck manufacturer
Arbuthnot Bank has agreed a £10m (€11.7m) asset finance based deal with VNA Trucks.
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1pm agrees invoice finance deal with Natwest
Natwest has signed a two year back-to-back funding facility with lessor 1pm for its invoice finance entities Positive Cashflow Finance…
By
IGF in £2.5m asset finance deal with heating company
Heating, ventilation and air conditioning provider ICH has secured £2.5m in funding from Independent Growth Finance (IGF).
ByRM Funds to invest £10m in Praetura Commercial Finance
Debt solutions provider RM Funds has structured and made an initial investment in a five year, £10m loan note programme…
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IT finance: why on site is not out of mind
Whether to use asset finance to purchase servers that will exist on site, or to invest in cloud services…
By ALD acquires Sternlease in the Netherlands
ALD has signed an agreement to acquire SternLease, the leasing arm of Stern Group, the Dutch listed automotive retail…
By Interserve’s largest shareholder dismisses ‘terrible’ rescue plan
Interserve's largest shareholder Coltrane has dismissed the rescue plan offered for the highly indebted outsourcing company.
By
Secure Trust Bank provides £8m facility to luggage manufacturer
Secure Trust Bank Commercial Finance has provided an £8m asset based lending facility to UK luggage manufacturer Antler.
By
Arkle Finance appoints chairman
Asset finance provider Arkle Finance has appointed the co-founder of Close Leasing as a non-executive chairman.
ByBanks to advise SMEs over Brexit concerns
Both Barclays Bank and TSB are to offer SME customers assurances and further information in light of Britain's looming…
By
Yanmar appoints MTS Plant to UK and Ireland dealer network
Yanmar Construction Equipment Europe has appointed MTS Plant to its UK and Ireland dealer network. The sales and rental…
By
PCF Bank raises £10m on AIM
PCF Bank has raised £10m on the Alternative Investments Market (AIM), plus an open offer to retail shareholders to…
ByLeasing Foundation to host asset finance technology debates
The Innovation Initiative from the Leasing Foundation is holding breakfast debates exploring the asset finance industry's relationship to technology.
ByRevealed: FTSE 350 companies with highest operating lease obligations
Royal Dutch Shell, BP and Sainsbury’s have the largest operating lease obligations which will have to be declared under…
By
ALD Automotive in acquisition talks with SternLease
ALD Automotive, the fleet arm of Societe Generale, is involved in discussions with Netherlands-based Stern Groep with a view…
By LeasePlan sees 9.2% fall in net profits in 2018
European leasing and fleet management company LeasePlan has posted results showing net profitability down 9.2% in 2018 compared to…
By
BVRLA warns over UK gov’t approach to ‘Road to Zero’
The BVRLA has warned that failure to support fleet with a consistent tax regime could threaten government’s attempt to…
By
BCA partners with TfL to host sale of ULEZ ready vehicles
BCA is to host a sale of vehicles appropriate for London's Ultra Low Emission Zone (ULEZ) at BCA Blackbushe.
By
Praetura secures £75m facility from NatWest Markets
Praetura Asset Finance has closed a £75m securitisation facility with NatWest Markets.
ByTaking the heat: finding consistency in a turbulent sector
Catering in the UK has been rocked by the collapse of numerous high-profile chains over the last six months,…
By
Praetura Asset Finance moves headquarters in Blackburn
Praetura Asset Finance are moving to larger premises as part of plans for future growth.
By
Ultimate Finance names chief executive officer
Ultimate Finance has appointed a chief executive officer to replace Ron Robson.
ByBBB: 2018 sees UK SME lending growth slow as uncertainty bites
The small business finance markets report by the British Business Bank (BBB) has shown a decline in growth of…
By
The dash for Nash: an asset finance pro reflects on time at PwC
Paul Nash is one of the UK’s most experienced asset finance professionals. After an 11-year stint at PWC as…
By
Over half of brokers expect no deal Brexit
57% of UK asset finance brokers responding to United Trust Bank’s most recent broker sentiment poll expect a no-deal…
By
Midlands Asset Finance hires former Lombard director
Midlands Asset Finance (MAF) has hired a business development manager, a third such hire from Lombard's Leicestershire decision.
By BVRLA urges industry response to vehicle tax consultation
The British Vehicle Rental and Leasing Association (BVRLA) and other trade bodies are making a collective call to industry.
ByFPB appoints SME representative to lobby gov’t on late invoices
Business lobby group the Forum of Private Business (FPB) has appointed a Small Business Crown Representative.
By
VAT tax raised from SMEs up 12% to £3.75bn in 2018
Investigations into underpaid VAT have yielded the UK government an extra £3.75bn in tax, an increase of 12% year-on-year according…
By
Ultra-low emission LCV sales show 21% yearly growth
Research from Funding Options, an online businesses finance aggregator, has shown that sales of eco-friendly commercial vans in the…
By
Edinburgh Asset Finance signs advance loan agreement with auction house
Luxury asset-based lender Edinburgh Asset Finance has entered into an advance auction loan agreement with auction house McTear's.
By
Cambridge & Counties Bank balance sheet exceeds £1bn
Leicester-based Cambridge & Counties Bank has seen its balance sheet top £1bn for the first time.
By
PVS Asset Finance gains FCA approval
PVS Asset Finance, a division of Puddy's Vehicle Solutions, has gained regulatory approval from the Financial Conduct Authority (FCA).
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Treasury agency had role in Global Restructuring Group activity
Documents show the HM Treasury’s Asset Protection Agency influenced Global Restructuring Group (GRG)'s strategy and aggressive SME lending practices.
By
BNP Paribas Leasing Solutions promotes senior executives
BNP Paribas Leasing Solutions has made changes to its executive positions following the retirement of its deputy chief executive…
By
IGF: Nine in ten UK SMEs concerned over Brexit
90% of UK SMEs expressing concern over the potential effects of Britain's departure from the European Union.
By
Allica appoints senior commercial manager
Allica, the SME lending bank formerly known as CivilisedBank, has appointed a senior commercial manager.
By
Paragon sees asset and motor finance grow in Q1 2019
Paragon’s commercial lending division wrote £93.4m in asset finance and £36m in motor finance for its first quarter results…
By
Arkle Finance post growth of 14% in new lending
Arkle Finance has released data showing overall growth across sectors, with high levels in specific specialist sectors.
By
BVRLA issues warning over Leeds Clean Air Zone
The British Vehicle Rental and Leasing Association (BVRLA) has warned that many commercial vehicle operators will not have enough…
By BCR to open second Incentivised Switching Scheme application window
The board of Banking Competition Remedies will hold a second application window to take place in June 2019, following…
By
Metro Bank warns of softening profits in Q4 2018
A full year 2018 results preview by Metro Bank in the UK has warned on softening profits in December…
By
Simply Asset Finance launches in Northern Ireland
Simply Asset Finance (SAF) has expanded into the Northern Ireland market, with an appointment of a head of sales…
By
MarketInvoice raises £56m funding from Barclays and Santander
UK fintech and business finance company MarketInvoice has raised £56m, intended to expand UK market presence and launch fintech-bank…
By
Paragon to expand into soft asset finance provision
Paragon’s asset finance has expanded its proposition to finance soft assets along with its existing support for traditional hard…
By 1pm sees 14% increase in operating profit in H2 2018
Lessor 1pm's results for the six months ending November 2018 has shown a 14% increase from the first half…
By
Bibby Financial Services hires business development manager
Bibby Financial Services (BFS) has appointed a business development manager for South West of England, as it looks to…
By
Panel focus: is digitisation working for leasing?
Digital disruption was a core theme running through the 14th Leasing Life conference in Tallinn. A panel discussion centred…
By Two-thirds of accountants recommend external finance providers
Research from business finance company MarketInvoice reveals that UK accountants are most likely to refer their clients to banks,…
By FLA results: 6% fall in new finance for business cars in November
Figures released by the Finance & Leasing Association has shown falls in financing for business cars and IT equipment.
By
Leasing makes the connection in Europe’s most digital country
The 14th Leasing Life conference, held this year in Estonian capital city Tallinn, covered the cutting-edge issues that are…
By
Amicus Asset Finance re-enters private ownership
Amicus Asset Finance Group has entered back into private ownership after three years under the ownership of Amicus Finance.
By
Wellhouse Leisure launches campervan finance and leasing business
UK campervan converter Wellhouse Leisure is launching Wellhouse Leasing to offer business and private users a choice of funding…
By
Bibby Financial Services to provide £3.6m funding line for food wholesaler
Bibby Financial Services (BFS) has provided £3.6m to R&W Scott, a Scotland-based food wholesaler which has recently been acquired…
By BCR announces results of Incentivised Switching Scheme applications
The Board of Banking Competition Remedies (BCR) have revealed the 11 organisations that meet the eligibility criteria for the…
By
Alphabet UK appoints head of operational services
Alphabet UK, the business mobility provider and fleet leasing subsidiary of BMW, has appointed a head of operational services.…
By
PwC head of asset finance to depart
PriceWaterHouseCooper's head of asset finance is to depart the company after eleven years.
By
BNP Paribas appoints head of service delivery
BNP Paribas Leasing Solutions UK has appointed a head of service delivery for its Equipment and Logistics Solutions (ELS)…
By Asset finance market had new business up 9% in October
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire…
By Secure Trust Bank provides technology specialist with £5m facility
Hardware.com, a IT solutions and services provider, has secured a £5m finance facility from Secure Trust Bank Commercial Finance.…
By
CivilisedBank to change name to Allica as it prepares to launch
Upcoming digital SME bank CivilisedBank has announced that it will change its name to Allica. According to the company:…
By
D&D Leasing to rebrand as DND Finance
Canadian leasing firm D&D leasing will be known as DND Finance amid executive changes. The announcement was made by…
By
Krone results show record turnover of €2.1bn
German agricultural equipment provider Krone has posted record year-end results, with turnover of €2.1bn (£1.89bn). The results are a…
By
Nordic Finance to become asset finance provider
Swedish leasing broker Nordic Finance is to become a full asset finance provider, and is in the process of…
By
Close Brothers in partnership offering finance packages for EV chargers
Close Brothers Asset Finance will offer a fully financed electric vehicle charging installation through a partnership with RAW Charging…
ByAlphabet expansion extends into Greek market
Business mobility provider and fleet leasing subsidiary of BMW, Alphabet, is to expand its operations into Greece and further…
By
SQN Secured Income Fund targets capital raise of at least £50m
The SQN Secured Income Fund proposes an equity issue in the first quarter of the 2019 with a tap…
By
Brokers showing divided feelings over end year results
Only half of brokers operating in the property and asset finance sectors are expecting their 2018 business results to be…
By
Performance Finance acquires professions finance team
Performance Finance has acquired a paper professions finance team from the Practice Finance Company (PFC).
By
Wyelands: too much jargon for business finance terms
Research by Wyelands Bank has shown financial service providers use too much jargon for relatively simple business finance terms.…
By PCF Bank sees profits hit £5.2m in 2018
AIM-listed PCF Bank saw portfolio growth of 50% to £219m in 2018 from £146m in 2017, giving it £5.2m…
By
Bibby Financial Services appoint managing director
Bibby Financial Services (BFS) have appointed a managing director for export finance.
By
CivilisedBank appoints audit committee chair
CivilisedBank, which is placing itself as a digital SME bank with relationship managers, has made an appointment to its…
By DLL closes securitisation transaction exceeding $1bn
DLL has closed a securitisation transaction in the United States for $1bn (€880m), the largest equipment finance securitisation in recent…
By
BVRLA in meeting with TfL over London ultra low emission zone
The British Vehicle Rental and Leasing Association (BVRLA) has co-hosted an event with Transport for London (TfL) to explore…
By Aldermore launches automated digital dealer portal
As part of its asset finance offering, Aldermore Bank is launching an online Dealer Portal. The fully-mobile portal aims…
By
1pm issues £2m funding through ice cream equipment provider
Academy Leasing, a division of 1pm with focus on catering leasing, is to provide at least £2m of ice…
By Paragon commercial lending division profits hit £20m
Past year results from Paragon Banking Group have shown profits of £20m (€22.5m) in the commercial lending division, a…
ByDeveloper secures £530,000 funding from Cambridge & Counties
Sheffield-based property investor Sevenhills Estates has secured £530,000 of refurbishment funding from Cambridge & Counties Bank.
By
White Oak enters vendor finance partnership with surveillance company
White Oak UK is entering into a partnership with Dallmeier, a supplier of network-based video surveillance systems, to offer…
By
Leading the charge: fleet leasing and its role in EV adoption
With governments worldwide signalling increasingly tough approaches to emissions, the mass development of battery power for vehicles has continued…
By
Leasys results: 30% rise in fleet numbers in 2018
Leasys results show it has grown by 30% so far in 2018, taking its fleet size above 13,000.
By PCF Bank enters into vehicle and asset finance deal with Code Investing
CODE Investing and PCF Bank are entering a partnership to provide vehicle and asset finance to the UK SME…
By
HMRC to tax all company car package add-ons
Company car and van add-ons such as maintenance and breakdown cover are set to be taxed by HMRC under…
By
SFS agrees invoice finance deal with pharmaceuticals company
Arcinova, a UK-based research and development organisation providing services to the pharmaceutical industry, has agreed an invoice finance deal…
By FLA: 6% growth in new business for 2018 third quarter
The Finance & Leasing Association's (FLA) September results show new business growth of 6% for Q3 2018, compared to…
By
Secure Trust Bank provides £2.15m in acquisition of electronics maker
Secure Trust Bank has provided a £2.15m (€2.44m) funding package to electronics holdings company NJ Russel to support the acquisition…
By
Carrick Asset Finance: startup identifies keys to success
Carrick Asset Finance has been trading as a new company in the arena since October 1, but the road…
By
White Clarke acquires asset finance software firm Insyston
White Clarke Group has acquired asset finance software provider Insyston.
By
CivilisedBank hires former Aldermore manager as chief commercial officer
CivilisedBank has appointed an experienced SME lending figure as its chief commercial officer.
By
White Oak UK makes head of broker appointment
White Oak UK has appointed one of its long-standing managers to head of broker and strategic partnerships.
By
Leasing Life Awards 2018 nominees revealed
The nominees for the 14th edition of the Leasing Life Awards have been announced.
By
Annual Investment Allowance on plant and equipment to rise to £1m
On Monday's national UK Budget, Chancellor Philip Hammond announced the Annual Investment Allowance (AIA) for plant and machinery will…
By
Law change could boost UK invoice finance by nearly £1bn
A parliamentary hearing has given further insight into how proposed new legislation on SME invoice finance would work. Christopher…
By
White Oak UK partners with lock manufacturer in vendor finance deal
In a wide-ranging vendor finance deal, White Oak partners with Assa Abloy, a Sweden-based multinational manufacturer of locks and…
By
Asset finance, and how to keep it simple
Simply Asset Finance chief executive officer Mike Randall and chief financial officer Stefan Wolvaardt speak to Leasing Life about…
By
Online fraud: BVRLA issues scam warning
Scammers are targeting car leasing customers and challenging the industry’s reputation. Christopher Marchant looks at a recent internet-based fraud…
By
ArchOver to open office in Birmingham
P2P business lending platform Archover, is expanding into the West Midlands with the stated aim of opening up flows…
By UK government to slash plug-in car grants
The UK Government is to abolish a number of plug-in car grants for purchasers of electric vehicles (EVs).
By
Sixt Mobility appoints managing director
German car leasing and hire giant Sixt has appointed a managing director of its mobility and fleet management division.
By Leaseurope Index: Q2 shows €29bn in leasing business volumes
The Leaseurope Index for Q2 2018 has shown stable improvement across the board for European asset finance, with rises…
By
Volkswagen Financial Services UK appoints chief executive officer
Volkswagen Financial Services (VWFS) UK has appointed a chief executive officer, to replace the outgoing David Maloney after a…
By
Bibby Financial Services appoints head of sales
Bibby Financial Services (BFS) has appointed a head of sales as it looks to develop SME lending in the…
By
Santander UK provides £20m funding to automotive parts supplier
First Line, a UK-based supplier of automotive components to the vehicle aftermarket, has received £20m in funding from Santander…
By FLA: 10% year-on-year asset finance growth in August
Figures released by the Finance & Leasing Association (FLA) show new asset finance business (primarily leasing and hire purchase)…
By
Yellow goods: building on solid assets
An area of asset finance that has seen continuing year-on-year growth is construction equipment. With ‘yellow goods’ inexorably tied…
By BCR to hold webinar for £25m of RBS funds in October
A webinar from the Banking Competition Remedies (BCR) will be hosted for Pool D applicants of the Capability and…
By EIB and Brexit: government’s no-deal option
The UK government is mulling the formation of a UK investment bank to replace the EIB in the event…
By Brokers targeting asset finance growth in alternative sectors
Brokers are targeting new equipment sectors to underpin asset finance growth, in the face of uncertainty from Brexit and…
By
IGF agrees £3.4m asset finance deal with Axminster Carpets
Axminster Carpets has secured a £3.4m funding arrangement from Independent Growth Finance (IGF).
By
Fiat Chrysler granted inclusion as emergency services supplier
Fiat Chrysler Automobiles (FCA) UK has been granted inclusion in the Crown Commercial Service (CCS) framework, the British government's…
By
EBRD extend €35m credit sharing facility to Citadele Bank
The European Bank for Reconstruction and Development (EBRD) will share risk for up to €35m (£31.2m) across loans provided…
By
UK Finance targets invoice fraud in latest report
A UK Finance report has focused on invoice fraud as a major continuing threat to businesses.
By
FLA-backed asset finance diploma welcomes first graduates
An asset finance diploma awarded by The London Institute of Banking & Finance has had its graduation ceremony for the…
By
UK leasing company Carrick Asset Finance launches
Glasgow-based plant and equipment lessor Carrick Asset Finance has been launched with support from Bank of London and The…
By
Allied Irish Bank provides £2.7m for healthcare technology business
Allied Irish Bank (AIB) has provided a £2.7m (€3m) funding facility to medical imaging center Opus Diagnostics in the…
By
HSBC earmarks £12bn for UK SME lending fund
HSBC has launched a £12bn (€13.5bn) SME fund to support businesses in the UK, including through asset finance facilities.
By
Metro Bank provides £4m facility to NHS support provider
Metro Bank has supplied clinical services provider 18 Week Support Group with a £4m (€4.5m) invoice finance line, alongside a £400,000…
By
Invigors appoints senior consultant in the Netherlands
Asset finance consulting firm Invigors has appointed a senior consultant in the Netherlands.
By
Portman Asset Finance names managing director
Northampton-based broker Portman Asset Finance has made an internal hire to replace the outgoing managing director.
By United Trust Bank appoints business development manager
United Trust Bank has appointed a BDM for asset finance, to support brokers across England and Wales.
By EIB provides DLL with €100m for Dutch and Belgian SMEs
The European Investment Bank (EIB) has signed an agreement with DLL establishing support for Dutch and Belgian SMEs.
By
Post-Brexit UK investment bank would require up to £10bn
A UK investment bank run by the UK government after Brexit to replace the shortfall left if the European…
By
Henry Howard Finance makes senior appointments in vendor division
Two appointments have been made at independent funder Henry Howard Finance, as part of its drive to expand its equipment…
By 1pm year results: revenues increase 78% to £30m
1pm group results for the year to May 2018 have shown significant gains across finance categories, leading to a year-on-year…
By
Are we entering another global subprime crisis?
The subprime crisis began around August 2007, when BNP Paribas froze three funds as it could not decide how…
By
Alphabet to enter Turkish market
Alphabet, the fleet leasing provider and subsidiary of BMW, is to enter operations in Turkey.
By
UK gov’t plans major reform to SME invoice finance
Small business minister Kelly Tolhurst has announced plans to allow unrestricted access for SME invoice finance.
By
A guide to equipment leasing
When thinking about equipment leasing, most consumers and even businesses would first think of applying for a loan from…
By
Shire: SME equipment shortage impacts growth for half of businesses
A study by Atomik Research on behalf of Shire Leasing has shown that an SME equipment shortage is impacting growth…
By
Uber hires former CIT Group chief financial officer
A former president at the CIT Group has been made chief financial officer of ride-hailing service Uber.
By FLA: Asset finance market shows 8% rise for July
Figures released by the Finance and Leasing Association (FLA), has shown that asset finance new business grew in the…
By
Collections: regulation and reform build a better future
In the past, unfavourable stereotypes have clouded elements of collections, especially the complex – yet sometimes necessary – area…
By Shire Leasing reorganises sales team
After review, Shire Leasing sales divisions are to be completely restructured in a drive for growth.
By
Henry Howard Finance appoints chief financial officer
Henry Howard Finance Group (HHF) has announced a chief financial officer as part of the independent funder’s continued growth…
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IGF sees 76% increase in lending to SMEs
Independent Growth Finance (IGF) has increased its lending to UK-based SMEs by 76% in the year to June 2018.…
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Secure Trust Bank provides £5m facility to Kennelpak
Secure Trust Bank commercial finance has provided a £5m asset based lending facility to Retailer and distributor of pet…
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Star Asset Finance Group’s net receivables reach £100m
UK-based asset finance provider Star Asset Finance (SAFL) has announced the £100m net receivables mark ahead of its targets…
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Aldermore extends finance facility with Chariots Express for £300k
Wakefield-based courier Chariots Express has agreed an increase to an exisiting finance facility with Aldermore.
By BCR to hold events in September over alternative remedies package
Banking Competition Remedies Ltd (BCR), established to implement the £775 million Royal Bank of Scotland (RBS) State Aid Alternative…
By Intelligent Car Leasing to introduce van leasing division
UK personal contract hire and small business leasing company Intelligent Car Leasing (ICL) has launched an online van leasing…
By A guide to wholesale banking
Wholesale banking is the transfer of sums and services between financial institutions, typically for purposes of cash management. Wholesale…
By United Trust Bank survey shows concern for SME investment
A United Trust Bank (UTB) survey of 108 brokers and intermediaries has shown concern over any further base rate…
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GDPR fines: What to expect and how to avoid them
GDPR fines may be the first step in a battle for privacy that EU companies must wake up to.…
By Hitachi survey show SME late payments at ‘epidemic’ levels
A survey of 1,200 businesses conducted by YouGov and supported by Hitachi Capital Business Finance has shown ongoing issues…
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What is a lease contract?
What is a lease contract? A lease contract is at its essence a rental. The provider of the asset (the…
By FLA figures show slight decline for asset finance in June
Figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and…
By Secure Trust Bank asset finance lending declines 21%
The half-year results for Secure Trust Bank asset finance have shown a 'contraction' in asset book lending, a year-on-year…
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Vanarama looks to machine learning for leasing brokerage
Van leasing brokerage company Vanarama is to focus on developments such as machine learning, in an attempt to interact…
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Leasys UK extends partnership with Manheim
Manheim has signed a three-year partnership extension with Leasys UK, furthering the partnership on a national sales programme until…
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County Finance Group third accredited partner with British Business Bank
The British Buisness Bank (BBB) have accredited the County Finance Group for the Asset Finance variant of the Bank’s…
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Henry Howard Finance hires head of HR and compliance
Newport-based Henry Howard Finance Group (HHF) has appointed a head of HR and compliance, intended to help support the…
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Hilton-Baird director appointed to CICM’s executive board
The Hilton-Baird collection services’ director has been appointed to the executive board of trustees at the Chartered Institute of…
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Bibby FS provide £850,000 asset finance to loudspeaker manufacturer
Bibby Financial Services (BFS) has provided an £850k funding facility to Fyne Audio, a new entrant into the high-end, loudspeaker…
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ALD results: 10% increase in fleet numbers
The fleet and leasing division of SocGen, ALD Automotive, has released half year results showing a 10.1% increase year-on-year.…
By Asset Finance: Managing new levels of complexity
Large asset finance companies have become more complex than ever, as technology and market forces propel the industry. Christopher…
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HHF results for H1 show 50% increase in own book lending
Henry Howard Finance (HHF) results has shown record portfolio growth during the first half of 2018.
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Grenke results show continued H1 growth with €63.4m in profit
German leasing and factoring provider Grenke's results for the first six months of 2018 have shown a profit increase…
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Former 1pm broker in Investec northern England hire
Investec Asset Finance (IAF) has announced the appointment of a broker manager with an Investec northern England focus.
By Alphabet extends operations to Serbia
Business mobility provider and fleet leasing subsidiary of BMW, Alphabet has furthered its presence in the European market through…
By Arbuthnot ABL funds safety equipment provider
Arbuthnot Commercial Asset Based Lending has announced a deal for an undisclosed sum with Pyroban, global manufacturer of explosion…
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Ultimate Finance makes £200m available to SMEs
Ultimate Finance has reach a lending milestone as it makes available £200m to SME businesses across the UK.
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Broker V4B enters daily hire market
The V4B Group has introduced daily hire company Absolute Car and Van Hire (ACV), in response to demand for…
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Henry Howard Group sells South Wales cashflow finance division
Henry Howard Group (HHG) has sold its cashflow finance division to Advantedge Commercial Financial.
By FCA warns of Brexit causing contract continuity difficulties
In a speech to delegates at CityUK and Bloomberg, FCA executive director of international Nausicaa Delfas has warned about…
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XL raises £1m through Crowdstacker site for contract hire
Prestige vehicle lessor XL has used the Crowdstacker platform to raise £1m in investment.
By White Oak in £90m asset finance deal with British Steel
White Oak Asset Finance has committed £90 million to British Steel, a UK-based producer of carbon steel.
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Natwest, Lombard in £6m finance deal for Blackpool rollercoaster
Construction of the Blackpool rollercoaster known as the ICON received a £6m asset finance package from a collaboration of…
By Leaseurope Index Survey shows rising activity for Q1 2018
Leaseurope Index Survey have released results from the first quarter of 2018, detailing continued expansion in new business volumes…
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LeaseTeam rebrands after 30 years in the leasing sector
Nebraska-based equipment and asset finance software provider LeaseTeam is changing its name after nearly three decades in the sector,…
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BNP Paribas Leasing Solutions UK makes executive sales hire
BNP Paribas Leasing Solutions UK has appointed a head of equipment and logistics solutions (ELS) sales, with focus on…
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GDPR fuels interest in fleet management software: FleetCheck
The General Data Protection Regulation (GDPR) is generating increased interest in fleet software, as managers look for solutions that…
By Lease vs finance? Half of SMEs are seeking neither, says Wesleyan
Research by the British Chambers of Commerce (BCC), in partnership with specialist finance provider, Wesleyan Bank has shown that…
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Lloyds backs UK toolmaker with £650,000 facility
Somerset-based toolmaker TMB Patterns has secured financing for expansion through a £650,000 asset finance facility from Lloyds Bank's commercial…
By Secure Trust Bank Commercial provides £35m finance to steel supplier
Secure Trust Bank Commercial Finance has provided a £35m finance facility to Barclay & Mathieson (B&M Steel), a national…
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Lombard finances print company for £300,000 fleet expansion
Lombard Asset Finance have backed a fleet expansion for a Leeds-headquartered print management company with a £300,000 facility. XBM…
By BFS makes business development hire
Bibby Financial Services (BFS) has appointed a Yorkshire-based business development manager, intended to create business opportunities and support SMEs.
By FLA figures show asset finance growth for May
Figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire…
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Henry Howard Finance to make senior sales appointments
Henry Howard Finance Group (HHF) has appointed two joint heads of sales support. Nicola Evans, who joined the Newport-based…
By FCA proposes directory for financial services workers
The Financial Conduct Authority (FCA) is consulting on the creation of a directory cataloging the status and history of…
By Metro Bank provides £800,000 facility to IT company
Metro Bank will provide IT resource company Cranford Group with a £800,000 invoice finance line. Cranford Group are based…
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HTB appoints asset finance operations director
Hampshire Trust Bank (HTB) has appointed an operations and strategy director for the asset finance business. Kevin Tonge joins…
By £9.7bn fall in SME lending across UK last year
84% of areas in the UK saw SME lending from banks fall in the past year as small businesses…
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Quantum Funding make hire for broker manager role
Quantum Funding, an asset finance lender for SMEs, has appointed a broker manager for the south of England.
By Aldermore survey: SMEs optimistic about export market
Over four fifths of UK SMEs trading overseas expect to see their exporting business revenues increase over the next…
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Hitachi Capital acquires financial services provider Franchise Finance
Hitachi Capital UK is to extend its reach in the franchising industry with the acquisition of specialist financial services…
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Government to launch fund for SME growth
In a speech to the Confederation of British Industry (CBI) on Tuesday small business minister Andrew Griffiths unveiled a…
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Majority of brokers expect growth in business over next 12 months
A United Trust Bank (UTB) survey of 120 finance brokers in April 2018 shows that 62% expect their business…
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BNP Paribas LS makes three hires for UK division
BNP Paribas Leasing Solutions UK has appointed three business development managers within its ICT finance division.
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Ethos to undergo UK expansion
UK asset finance firm Ethos is to relocate to larger offices in the Yorkshire area. The firm, which now…
By BVRLA quarterly survey shows decline in fleet leasing
Quarterly leasing survey results released by the British Vehicle Rental and Leasing Association (BVRLA) have shown a decline in…
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Siemens parent warns of Brexit trade disruption
The UK chief executive of manufacturer Siemens has warned that the German company may limit its investment in the…
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Bibby Financial Services appoints head of trade services
Bibby Financial Services (BFS) has acquired a head of trade services as part of its service to small SMEs…
ByREN Legal makes second senior appointment to Aviation Finance and Leasing
REN Legal has made an addition to its asset finance team.
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LDF marks £1bn in own-book lending
LDF Group (LDF) has written £1bn total in lending on its own book since 2014, the funder has said.
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Hampshire Trust Bank appoints business development manager
Hampshire Trust Bank (HTB) has hired a business development manager for its asset finance team.
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Ignition makes brokerage and underwriting hires
Cornwall-based Ignition, a provider of vehicle and asset finance for SMEs, has made two senior hires for its brokerage…
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LeasePlan named FCA’s lease partner in markets across Europe
LeasePlan and Fiat Chrysler Automobiles (FCA) have agreed an operational lease partnership in a number of markets on the…
By FLA: asset finance up 7% in April on last year
Figures released by the Finance & Leasing Association (FLA) today shows that asset finance new business (primarily leasing and…
ByBBB launches funding information website for SMEs
The British Business Bank (BBB) has launched a website offering independent information on finance options for scale-up, high growth and…
By Hampshire Trust Bank launches auto documentation for brokers
Hampshire Trust Bank has launched a service on its asset finance web portal so its broker partners can automatically…
ByReward Finance appoints business development director
Reward Finance has appointed a business development director in its Leeds office.
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JLR adopts Leaselink platform for public sector fleet sales
Jaguar Land Rover (JLR) UK has selected Ebbon-Dacs’ e-procurement platform, Leaselink, to handle direct sales to fleet operators in…
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