The Finance & Leasing Association (FLA)
celebrated twelve months of ‘good business’ despite 2011 being a
‘challenging’ year, at its annual dinner in London this week.
Over 1,400 representatives of the UK leasing
industry turned out at Grosvenor House, Park Lane, to commend a
year in which they had secured £21bn of investment in new
equipment, including a 10% rise in deals below £20m, and £52bn of
new consumer credit.
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The numbers, and the work to achieve them,
drew praise from Liberal Democrat peer Lord Ashdown of
Norton-sub-Hamdon during his speech on the future of geo-politics
while after dinner speaker Jeremy Vine joked with the audience that
the signpost for the next economic crisis would be his purchase of
a house.
The FLA used the event to announce the launch
of a new Business Finance Directory of lenders and brokers run with
the help of the National Association of Commercial Finance
Brokers.
FLA chairman Chris Sutton also took the
opportunity to confirm that he will step down from his position in
May to be replaced by Philip Ross, the current chair of the Motor
Finance division of the FLA.
richard.brown@vrlfinancialnews.com
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