The recent entry into administration of two Scottish hauliers and logistics companies, Ramage Distribution and E Pawson & Son, has had a negative fall-out for some well-known lessors Lanarkshire-based Ramage, which acquired rival Scottish haulier United Freight Distribution Group in July 2007, did not own the majority of its 170-strong fleet of trucks and trailers, but leased them instead, it is understood Anne Smith, sales support manager of Cargobull Finance, the commercial vehicle financier, said tough market conditions, such as the rising cost of fuel and emissions control, will see a host of other smaller hauliers go into administration this year
CHP launches version 4.6 Following the successful six-month review of its ALFA Systems technology platform, CHP Consulting, a software and services provider to the asset finance industry, has announced the latest version of the flagship product, version 4.6 of ALFA ALFAs business rules engine makes processes more flexible by allowing business users to define and modify business logic that previously required intervention from programmes, and the new system also allows for further automation in workflow so that many different tasks, such as fee generation and letter production, can be done simultaneously.
CHP’s ALFA system live at Textron Financial CHP Consulting, a software and services provider to the asset finance industry, has announced the successful completion of a six month live operational review of its ALFA Systems technology platform by Textron Financial Corporation
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Grenkeleasing’s international business makes record growth German lessor Grenkeleasing AG, which specialises in the small-ticket IT sector, increased its new business by 6.6 per cent to 340.5m for the first nine months of 2007 The Grenke Group, which includes both the leasing and factoring business and its franchise partners, recorded a new business growth of 12.5 per cent, from 332.7m for the first nine months of 2006, to 374.3m for the same period in 2007
Katherine Gregory looks at the key players in the pan-European health care market, and examines how much the global credit crunch is really biting them Few companies practicing health care leasing have not been touched by the effects of the credit crunch.
TFC, which is backed by Barclays Capital, now only provides motor finance through its subsidiary, ACF Car Finance, a non-prime finance division, and straight loans for home owner customers, according to a source in TFCs customer service department