The British Business Bank’s has published its 2018 Small Business Finance Markets report reveals welcome evidence that the UK’s small businesses are diversifying in their choice of finance. Although still the predominant channel, there are encouraging signs that small businesses are looking beyond their main bank for finance and turning to alternative sources. The value of SME…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in 2017 – the seventh consecutive year of growth. New business in December 2017 increased by 4% compared with the same month in 2016. The plant and machinery finance and commercial…

Aldermore has announced the expansion of its asset finance lending team with the appointment of Nick Dudley as Head of Business Development for Dealer Services, a newly created role within the Bank’s Business Finance division. Dudley will be responsible for partnership accounts across a variety of industry sectors, with a particular focus on transportation and…

Four out of five finance professionals have said that their department is not keeping pace with the rest of the organisation’s digital transformation plans, leaving them struggling with productivity, cost and efficiency issues, according to new UK research among senior finance and IT executives. IT which most commonly leads digital transformation said finance was the…

Henry Howard Finance has announced that Mark Catton, has been appointed as the new group Chief Executive of Henry Howard Finance Group, Catton is a former Chief Executive of RBS’ UK corporate bank. Catton will take over from the current group CEO and co-founder Mark Crook. Reflecting on the recent successes of the business, Mark…

Specialist Bank, Aldermore, the specialist bank, has announced the appointment of Tim Bearder as Head of Specialist Vehicle Valuations, a key role within the Bank’s Business Finance division. Bearder, whose career spans over 35 years in the motor industry, brings extensive knowledge and experience to the role supporting the Bank’s ambition of gaining a greater…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was £2.5 billion, a similar level to the same month in 2016. The commercial vehicle finance and IT equipment finance sectors reported new business up in November by 5% and 1% respectively,…

Latest data released by UK Finance has shown that the invoice finance and asset-based lending sector is providing more finance to UK businesses than ever before. Advances (the amount of funding being provided to clients at the close of the most recent quarter) are up 13 per cent year on year and stand at just over…

Asset finance provider, Haydock Finance has announced that Apollo Global Management has signed an agreement to acquire a majority shareholding in th company, investing alongside Haydock’s founder and Executive Chairman Jon Wilkinson. The agreement is subject to customary conditions and is expected to close in Q1 2018. Established in 1980, Haydock is one of the…

Specialist small business lender, Ashley Finance, has appointed Scott Brown as its new Regional Sales Director for the West Midlands. Brown joins from RBS Invoice finance, where he had a successful three years within the commercial finance team. Prior to that, he spent four years covering the Birmingham area for Natwest’s commercial finance division and,…

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