MotoNovo Finance launches commercial finance business
Independent lender MotoNovo has launched a dedicated commercial finance service line. The business will provide finance to intermediaries looking to work with SMEs in need of…
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Jonathan is the editor of Motor Finance magazine. You can reach him at jonathan.minter@verdict.co.uk
Independent lender MotoNovo has launched a dedicated commercial finance service line. The business will provide finance to intermediaries looking to work with SMEs in need of…
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By Jonathan MinterFleet management company LeasePlan UK has appointed Tom Brewer as its network brand director.
By Jonathan MinterJörg Löffler has been appointed as the new chief executive officer at fleet management provider Fleet Logistics Group.
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By Jonathan MinterPCH and small business vehicle leasing broker Intelligent Car Leasing (ICL) has recruited Chris Smith as its new commercial…
By Jonathan MinterDaimler Financial Services (Daimler FS), the finance arm of manufacturer Mercedes Daimler, has agreed to purchase Athlon Car Lease…
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By Jonathan MinterChallenger bank Aldermore has launched a dealer services team to provide dealers with stock, fleet and customer financing.
By Jonathan MinterRussell Kelsall has joined law firm TLT as a financial services regulatory partner from Squire Patton Boggs.
By Jonathan MinterAndrew Bailey has been named as the chief executive of the Financial Conduct Authority (FCA).
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By Jonathan MinterCollections company Burlington Group has been acquired by judicial services group Marston Holdings for an undisclosed amount.
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By Jonathan MinterSword Apak's Global Wholesale Finance Summit in 2015 had a few messages throughout, but undoubtedly one of the key…
By Jonathan MinterThe European Parliament has voted to increase the amount which can be claimed through the European Small Claims Procedure…
By Jonathan MinterThe British Vehicle Rental and Leasing Associations (BVRLA) Conciliation Service has been approved by the UK government as a…
By Jonathan MinterAudi has released an online finance calculator designed to produce instant contract hire quotes tailored to fleet customers.
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By Jonathan MinterMartin Wheatley, chief executive officer at the Financial Conduct Authority (FCA), is to stand down from his role, effective…
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By Jonathan MinterThe Oakland Partnership has doubled in size since last year, and managing director Tom White says asset finance is…
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By Jonathan MinterNigel Clibbens, Finance & Leasing Association chairman, has joined The Car Finance Company (TCFC) as chief financial officer.
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By Jonathan MinterUK finance broker LDF said it is to significantly increase the amount of broker introduced asset finance it provides…
By Jonathan MinterMartin Quail has joined BMWs fleet arm Alphabet as chief commercial officer.
By Jonathan MinterAccounting firm Grant Thornton has added two new faces to its business.
By Jonathan MinterAbout a third of Finance and Leasing Association (FLA) members said they were well prepared for Financial Conduct Authority…
By Jonathan MinterAsset finance consulting company Invigors EMEA has agreed that Burcharest-based Diplomat Consult is to represent it in Romania.
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By Jonathan MinterInternational asset finance company De Lage Landen has rebranded to DLL as of 30 September.
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By Jonathan MinterWith the French economy off the pace in comparison to the UK and Germany, times are tough for the…
By Jonathan MinterDaimler Financial Services (DFS) financed 183,000 finance or leasing contracts over the first eight months of 2014, 11% above…
By Jonathan MinterTotal US leasing and finance business volumes reached $7.2bn in August, 13% higher than the figure for August 2013.
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By Jonathan MinterChallenger bank Hampshire Trust Bank (HTB) has moved its central London headquarters from Cannon Street to Finsbury Square, a…
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By Jonathan MinterThe loan book of the asset finance arm of UK challenger bank Shawbrook grew 30% to £497m (662.8m) for…
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By Jonathan MinterSmall companies in the UK expected their fleet size to increase by 10% this year, according to Arval, the…
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By Jonathan MinterUS staff compensation increased modestly in 2013, according to the 2014 Equipment Leasing and Finance Compensation Survey from the…
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By Jonathan MinterHitachi Capital Business Finance has partnered with Japanese firm Kyocera Document Solutions UK, entering the Japanese giant into the…
By Jonathan MinterInvigors EMEA partner Marc Tendler has resigned from the asset finance consulting and technical service provider.
By Jonathan MinterAccording to the Bank of England aggregate net lending to non-financial corporations improved in the second quarter of 2014.
By Jonathan MinterTechnology management company CHG-Meridian has acquired Norwegian business Acento Group.
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By Jonathan MinterTotal UK commercial vehicle production was 25% lower in July 2014 compared to July 2013, at 6,338 units.
By Jonathan MinterMichael Fleming, president of the US Equipment Leasing and Finance Association (ELFA) between 1979 and his retirement in 2006…
By Jonathan MinterInternational fleet management company LeasePlans profits in the first half of 2014 were 18.2% above those recorded in the…
By Jonathan MinterThe base rate of interest in the UK will rise before the end of 2014, according to 1 in…
By Jonathan MinterThe average price of light commercial vehicles (LCV) in the UK was £5,498 (6,860) in July, up 15.2% compared…
By Jonathan MinterChief executive officer of Nordea Finance, Jukka Salonen, is to become chief operating officer of parent company, Nordea Group.
By Jonathan MinterUK bank and asset finance provider Bank of London and the Middle East (BLME) has provided a £35m (44.2m)…
By Jonathan MinterNorth Western UK asset finance company Praetura Asset Finance has expanded its operations to Northern Ireland eight months after…
By Jonathan MinterOver two thirds of the top 40 medical equipment manufacturers in the world have seen demand for asset finance…
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By Jonathan MinterThe UK government has backed the need for small and medium enterprises (SMEs) to be linked with other lending…
By Jonathan MinterUK finance provider 1pms chief executive officer Maria Hampton, has described the previous 12 months as their busiest to…
By Jonathan MinterOnline commercial leasing business Vanarama has become the title sponsor of the UK Football Conference.
By Jonathan MinterThe container leasing sector grew by 7.3% in 2013 according to maritime research and advisory organisation Drewry in its…
By Jonathan MinterSociete Generale Equipment Finance (SGEF) is to receive £100m (125m) from the European Investment Bank (EIB) over the next…
By Jonathan MinterDespite Moore Stephens UK reporting that a 1% interest rate would cost UK businesses an extra £2.05bn (2.59bn) in…
By Jonathan MinterGerman technology leasing company CHG-Meridian grew its total lease volumes by 8% to 448m in the first half of…
By Jonathan MinterLex Autolease and Black Horse, the asset finance businesses belonging to Lloyds Banking Group, recorded strong growth for the…
By Jonathan MinterAldermore Bank has recruited Ian Corbett from Investec Asset Finance to the newly created position of head of specialist…
By Jonathan MinterOver a third of Northern Irish SMEs have been adversely affected by late payments, with the average company owed…
By Jonathan MinterThe average value for a light commercial vehicles (LCV) in the UK rose 11.9% to £5,460 (6,901.4) in the…
By Jonathan MinterABN Amro Lease has appointed Knut Espeler as managing director for Germany from 1 August in preparation for its…
By Jonathan MinterUS new business volumes were up 5% year-on-year for the month of June, and up 3% year-to-date, according to…
By Jonathan MinterUS commercial lending and leasing service company CIT is to acquire OneWest Bank for $3.4bn (2.5bn) in cash and…
By Jonathan MinterUS confidence in the equipment finance market remained unchanged in July, compared to June, at 61.4 in the US…
By Jonathan MinterUpdated: 23/07/2014: Financial services private equity investor Cabot Square Capital has invested £25m in Henry Howard Finance (HHF), in…
By Jonathan MinterNon-bank alternatives are becoming an increasingly important source of finance for some firms, according to the Bank of England.
By Jonathan MinterUnited Trust Bank (UTB) has hired Kevin Flowerday to launch a new professional lending product, with full details of…
By Jonathan MinterFCA chief executive Martin Wheatley has said there are signs that companies and boardrooms are beginning to pro actively…
By Jonathan MinterThe average price of a light commercial vehicle (LCV) in the UK fell 1.7% between May and June, from…
By Jonathan MinterCurrent statistics may under report the size of the leasing industry by between 30% and 50% by not including…
By Jonathan MinterSociété Générale Leasing Solutions, including fleet arm ALD Automotive, was the largest leasing organisation in Europe in 2013, with…
By Jonathan MinterHitachi Capital Commercial Vehicle Solutions has moved into a new £7m (8.7m) purpose built office campus in Trowbridge, Wiltshire.
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By Jonathan MinterP2P lender Funding Circle and Spanish bank Santander have entered into a partnership in the UK, whereby the two…
By Jonathan MinterAldermore Bank has appointed Andrew Dixon as director of specialist finance.
By Jonathan MinterSales at Volkswagen Commercial Vehicles increased 6.2% in Western Europe in the first five months of 2014 compared to…
By Jonathan MinterGuernsey based SQN Asset Finance is hoping to raise £150m in an IPO at the London Stock Exchange, with…
By Jonathan MinterInternational finance company Connaught Finance Investments (CFI) has hired Claudius Grossmann as an associate director.
By Jonathan MinterLeasing Life has learned that Bpifrance, a part-state owned French bank, is planning to start using Cassiopaes V4 software…
By Jonathan MinterWilliam Stephenson has been appointed chief executive officer and chairman of the executive board at De Lage Landen. He…
By Jonathan MinterThe average value for a light commercial vehicle (LCV) reached £5,597 in May, up 3.5% month-on-month and £30 above…
By Jonathan MinterJacqueline Mills, director of asset finance and research at Leaseurope, is to step down from her role and leave…
By Jonathan MinterCHG-Meridian has been appointed to the NHS Supply Chain Framework, allowing it to lease equipment to hospitals and other…
By Jonathan MinterLeaseurope has named asset finance software provider International Decision Systems (IDS), SME credit assessor Paynet and LeaseWare developer Odessa…
By Jonathan MinterThe average profit as a percentage of total operating income in equipment finance fell from 26.7% in 2012 to…
By Jonathan MinterUpdated on 09/06/2014: Shawbrook Asset finance grew a significant 28% in 2013, as its loans book reached £447m (550m).
By Jonathan MinterThe UK Finance and Leasing Association has revealed that asset finance business was up 10%, year-on-year, in the month…
By Jonathan MinterTotal UK commercial vehicle registrations rose 12.6% year-on-year in May to 27,198.
By Jonathan MinterDara Clarke, chief executive officer of White Clarke Group, passed away on Sunday 25 May, after being struck by…
By Jonathan MinterCanadian equipment finance company Element Financial Corporation has entered into a definitive agreement to acquire the assets and operations…
By Jonathan MinterUK Commercial finance group LDF has described a 23% fall in the value of overdrafts drawn by SMEs from…
By Jonathan Minter42% of businesses admit they could have better knowledge of alternative funding sources to bank lending according to the…
By Jonathan MinterCanadian equipment finance company Element Financial Corp is finalising a deal to buy US based PHH Corps auto fleet…
By Jonathan MinterTotal EU commercial vehicle registrations grew 5.1% year-on-year in April, reaching 151, 571 units, according to the European Automobile…
By Jonathan MinterHitachi Capital Business Finance has launched a free service to help brokers meet new UK Financial Conduct Authority (FCA)…
By Jonathan MinterInvestecs results for the year ending 31 March 2014 revealed the groups operating profits increased 28% to R7,328m (517m),…
By Jonathan MinterThe UK Financial Ombudsman Service (FOS) resolved a record 518,778 disputes over the twelve months to 31 March 2014…
By Jonathan MinterConfidence in the US equipment finance market stood at 65.4 in the Equipment Leasing & Finance Foundations Monthly Confidence…
By Jonathan MinterThe UK Finance and Leasing Association (FLA) has appointed Nigel Clibbens, chief operating officer at Lombard, as its chairman.
By Jonathan MinterUK fleet management provider Tuskers salary sacrifice 4 cars (SS4C) scheme saw its highest number of new car orders…
By Jonathan MinterPolish finance company Getin Holding has agreed to purchase 100% of the shares of Austrian VB Leasings subsidiaries VB…
By Jonathan MinterThe Chinese leasing industry grew by RMB250bn (29.5bn) for the quarter ending March 2014 compared to the final quarter…
By Jonathan MinterIrish helicopter finance company Waypoint Leasing has agreed a five year US$72.5m (52.8m) loan facility with a Goldman Sachs…
By Jonathan MinterFleet lessor Alphabet has launched a lighter version of its E-valuation tool to highlight where electric vehicles (EVs) could…
By Jonathan MinterAsset finance new business was up 13% in the first quarter 2014 compared to the same period in 2013…
By Jonathan MinterFleet Friday: News form around the fleet markets: This week includes LeasePlan makes an appointment, VW introduces a fuel…
By Jonathan MinterLease insurance firm Acquis Insurance Management has appointed Louise Blackmore to the head of its claims team, and has…
By Jonathan MinterNew business for French bank Société Générale Equipment Finance (SGEF) was up 16% year-on-year in the first quarter 2014.
By Jonathan MinterBeacon Rail Leasing, a UK based locomotive and rolling stock leasing company, is to be bought by London based…
By Jonathan MinterThe UK Finance and Leasing Association (FLA) has named Simon Goldie as the next head of Asset Finance, effective…
By Jonathan MinterThe UK British Vehicle Rental and Leasing Association (BVRLA) has said it is pleased with the governments recently announced…
By Jonathan MinterEquipment lease provider Fountain Partners has provided cloud service provider with access to $13m (9.4m) in funding, allowing the…
By Jonathan MinterA majority of European lessees indicated a preference for a single model in the ongoing attempts to create a…
By Jonathan MinterFineline Media Finance is to distribute part of the UK government fund being delivered by parent company Five Arrows…
By Jonathan MinterHopes of a converged lease accounting standard between the US Financial Accounting Standards Board (FASB) and the International Accounting…
By Jonathan MinterInvestec Asset Finance has hired Alan Carter to lead its middle ticket team, based in London.
By Jonathan MinterUK Commercial vehicle production fell 14.6% in January 2014, year-on-year, while passenger car production in the UK fell by…
By Jonathan MinterUK bank Aldermore has continued to grow its senior management team with three further appointments, a month after three…
By Jonathan MinterHitachi Capital Business Finance has named Andy Taylor to the newly created role of head of broker sales, with…
By Jonathan MinterFleet leasing and management company LeasePlan has revealed net profits for 2013 were 326m, up 35% on the 241m…
By Jonathan MinterDemand for asset finance from SMEs will continue to grow over the next three years, according to 82% of…
By Jonathan MinterVincenzo Scalzone has been named head of supplier sales at UK broker Shire Leasing.
By Jonathan MinterUK lessor Lombard has promoted its strategy and product manager, Andy Brown, to the newly created role of head…
By Jonathan MinterJonathan Minter speaks to lease accounting stakeholders about their reaction to the second exposure draft, what changes the boards…
By Jonathan MinterTom White of recruiter Oakland Partnership talks to Jonathan Minter and Peter Johnstone about the recession, credit analyst shortages…
By Jonathan MinterUK new business grew by 4% year-on-year to £5.32bn (6.38bn) in the third quarter of 2013, according to the…
By Jonathan MinterGabriele DUva and Ian Wilkins have joined GE Capital Equipment Finance UK as Equipment Finance business leader and Lending…
By Jonathan MinterUK asset finance outsourcing firm Virtual Lease Services (VLS) has named Louise Ikonomides as managing director.
By Jonathan MinterBNP Paribas Leasing Solutions has appointed Xavier Viollet as deputy managing director and promoted Joseph Pulicano to director of…
By Jonathan MinterBusiness volumes in the US equipment leasing market fell 7% year-on-year in August to $6.4bn (4.7bn), according to the…
By Jonathan MinterRoger Almond has been appointed chief financial officer of international asset and leasing finance technology provider NetSol Technologies.
By Jonathan MinterMembers of the UKs National Association of Commercial Finance Brokers (NACFB) wrote £2.3bn (2.7bn) worth of leasing and asset…
By Jonathan MinterA 329m fall in lending in 2012 has taken leasing in the Czech Republic to its lowest level since…
By Jonathan MinterFinance and Leasing Association (FLA) members provided asset finance worth £1, 851m (2,148m) in May 2013, up 2% on…
By Jonathan MinterThe first half of 2013 was busier than expected, according to 44% of brokers in a survey by UK…
By Jonathan MinterThe UK became the largest equipment leasing market in Europe in 2012, according the annual survey of business volumes…
By Jonathan MinterChinese conglomerate HNA Group has agreed to acquire GE Capitals European transport equipment leasing body TIP Trailer Services, subject…
By Jonathan MinterThe rise in IT and software leasing in the UK in the 12 months to April 2013, up 13%…
By Jonathan MinterNew business volume for May was up 21% year-on-year to $7.5bn (5.7bn), according to US trade association, the Equipment…
By Jonathan MinterKeith Sherin has been named chairman and chief executive of GE Capital by Jeff Immelt, chief executive of the…
By Jonathan MinterKeith Sherin, chief financial officer of General Electric (GE) is due to become head of the company's finance unit,…
By Jonathan MinterLegal firms Norton Rose and Fulbright & Jaworski have merged to create Norton Rose Fulbright, which has become one…
By Jonathan MinterIndependent broker and lender Kennet Equipment Leasing has joined UK industry trade body the National Association of Commercial Finance…
By Jonathan MinterUK banking and financial services recruitment consultancy Calvert & Fletcher has rebranded as Campbell & Fletcher.
By Jonathan MinterGrowth in UK sales-aid finance outstripped general leasing business growth in 2012 as manufacturers seek to boost sales amid…
By Jonathan MinterGE Capital EMEA has signed a 160m agreement with French industrial supplies distributor IPH Group to provide receivables financing…
By Jonathan MinterThe US Financial Accounting Standards Board (FASB) decided to move forward with re-exposing its lease accounting standard in line…
By Jonathan MinterAn increasing proportion of financial managers are incorporating "frozen capital" into total cost of ownership (TCO) calculations, according to…
By Jonathan MinterAIM-listed UK lessor 1pm has issued a new loan note programme arranged through corporate finance and investment advisory firm…
By Jonathan MinterBNP Paribas Leasing Solutions has become the first major leasing partner of the UK's National Association of Photocopiers and…
By Jonathan MinterA new bank lessor has moved into the agricultural equipment finance market in the UK.
By Jonathan MinterUK leasing broker Ignition Credit has launched a smart phone app for its commercial equipment dealer base.
By Jonathan MinterUK SMEs lack knowledge of alternative lending, particularly asset-based finance, according to a survey by Lloyds TSB Commercial Finance…
By Jonathan MinterAutomotive and asset finance software company White Clarke Group (WCG) has opened a new office in Beijing.
By Jonathan MinterThe new business volume in US leasing for December was $11.5bn (£7.3bn), up 6% from the $10.8bn recorded in…
By Jonathan MinterGerard Moon has joined Bibby Leasing as commercial director.
By Jonathan MinterLease insurance specialists Acquis Insurance Management and industry consultancy Challenge Consulting have joined Leaseurope as associate members.
By Jonathan MinterKeith Snow has joined banking and financial services recruitment firm CBC Recruitment Solutions as a consultant in their London…
By Jonathan MinterRisk management and innovation are the top priorities for leasing companies in 2013, according to a survey by global…
By Jonathan MinterStéphane Verwilghen has been appointed the regional manager for Arval subsidiaries in Austria, Belgium, Luxembourg, Morocco, Portugal and Switzerland.
By Jonathan MinterThe UKs 35 largest manufacturers have increased the amount of credit they provide to customers by 38%, from £10.8bn…
By Jonathan MinterUK small business lessor D&D Leasing has negotiated a funding facility with Conister Bank.
By Jonathan MinterLegal firm Squire Sanders has announced Paula Laird is to become a partner in the firm along with another…
By Jonathan MinterBusiness performance exceeded expectations in 2012 for 36% of brokers working in the bridging, development finance and asset finance…
By Jonathan MinterHitachi Capital Business Finance (HCBF) has unveiled plans to significantly grow its business and broker network in 2013 and…
By Jonathan MinterLeasing business volumes in Europe dropped 17.5% year-on-year to 16.6bn in the third quarter of 2012, and were also…
By Jonathan MinterNearly three-quarters (73%) of UK brokers have been approached by companies looking for short-term finance after being turned down…
By Jonathan MinterLeasedrive Group commercial director Roddy Graham has predicted that, despite facing a tough year, the fleet sectors opportunities will…
By Jonathan MinterSales-aid leasing firm CIT Global Vendor Finance has appointed former KPMG advisory director Ruben Muniz as its director of…
By Jonathan MinterThe majority of UK brokers expect the gloomy sentiment in the countrys economy to continue at least until 2014…
By Jonathan MinterThe European leasing industry is confident of growth in business and profitability in 2013 yet expects significant consolidation, according…
By Jonathan MinterA round-up of the weeks fleet news including ALD down under, ReCare for LeasePlan and Arval, Vauxhall and driving…
By Jonathan Minter