All articles by Nancy Smallwood
Multiple financing scam
Hitachi Capital joins lessors chasing 11.4 million from Euro UK Hire Hitachi Capital heads a list of English lessors looking to recover an estimated 11.4 million locked up in plant rental company Euro UK Hire
A wealth of opportunity
Asset-based lenders are not specifically targeting the SME market enough despite a possible gap in the market, a cross-section of Asset Based Finance Association (ABFA) members has revealed.
ECF continues bout of UK sale and leaseback deals
ECF Asset Finance, a subsidiary of ECF Group PLC, has signed its first £1 million deal with NSG (UK) Limited, one of the largest independent providers of access and industrial services in the UK
Despite what the CC thinks, chances of a fourth ROSCO are slim
QW Rail Leasing, a joint venture by National Australia Bank and SMBC which came into the market in 2007, and which beat the ROSCOs in a bid for East London Overground and North London line, seems to suggest there could be
Higher auction costs passed onto lessors
Auction sellers in the UK may be hit with higher charges as a result of unprecedented cost increases when selling through van and car auction houses due to fuel price rises, warned the RMI Society of Motor Auctions (SMA)
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Results confusion sparks resignations at General Capital
Two senior members of UK lessor General Capital Group have resigned following discrepancies between its preliminary results and final results Preliminary results issued on 28 March claimed pre-tax profits of £4.1 million for 2007, whereas the final results released 30 June showed losses of £1.9 million
Credit crunch blamed for 7% drop in new business among leasing brokers
New leasing business has dipped 7 percent over the last year among leasing broker members of the National Association of Commercial Finance Brokers (NACFB) Leasing and asset finance sourced by NACFB lease brokers has dropped by £88 million ($158.4 million) to £1.11 billion, compared to £1.2 billion for the same period last year, according to its survey of brokers business from June 2007 to June 2008.
Profits hike at Liberty Leasing as portfolio grows
As fuel costs rise, the prestige vehicle asset market could be expected to be on the decline but Liberty Leasing, whose book is dominated by prestige vehicles, is experiencing good growth.