New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) overall grew in July by 8% compared with the same month last year. New business for deals of up to £20 million increased by 7% over the same period. The plant and machinery finance,…

Asset Finance company, Bibby Financial Services (BFS), has announced the appointment of Theo Chatha as Chief Financial Officer. Prior to joining BFS, Chatha spent eleven years with Close Brothers, holding a variety of executive roles across its banking, property finance, and asset finance and leasing divisions. Most recently, he held the role of Bank Finance Director, overseeing…

Specialist asset-based lender, Ultimate Finance, has announced a strategic refocus of its product portfolio as it withdraws from the unsecured loan market to concentrate on further investment in its range of core asset-based solutions. The decision enables a full focus on growing its market-leading Invoice Finance, Asset Finance and Bridging products, and aligning its depth…

Overall business confidence fell in August, for the first time in three months, by 12 points to 1%, according to the latest findings from Lloyds Bank Commercial Banking Business Barometer. Overall business confidence is calculated by averaging the views of 1,200 companies on their business prospects and optimism about the UK economy. This month’s business…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 6% in June, compared with the same month in 2018. In the first half of 2019, new business was 8% higher than in the same period in 2018. The commercial vehicle finance…

ABN AMRO Commercial Finance UK (ACF) has announced that Jeremy Harrison has been appointed as it’s new Head of Sales. Harrison will lead an origination team with a focus on providing flexible funding solutions to mid-market, corporate and international businesses with financing needs across the UK and Europe. Jeremy will report directly into ACF Commercial…

Close Brothers Asset Management (CBMA) has appointed financial services veteran Alastair Wilson as its new Managing Director as it aims to enhance its offering across the UK. Wilson brings more than 30 years’ financial services experience and joins CBAM’s base in the Scottish capital from Brooks Macdonald, where he was a founding member of the…

UK plc borrowing rose for the eighth consecutive year in 2018/19, according to the latest Link Group UK plc Debt Monitor. Net debt (total borrowings less cash), jumped 5.8% to a new record of £443.2bn, even allowing for higher cash balances. Net debt has now risen by three quarters since the low point reached in…

Commercial finance provider, Independent Growth Finance (IGF) has appointed Dave Pickup as ABL Director for the Thames Valley. Pickup specialises in improving SME’s cash flow through alternative funding. Providing facilities for every stage of a business’ journey including start-up finance, MBOs and acquisitions, as well as general working capital. His industry experience will support IGF’s…

The latest Aldermore Future Attitudes study has revealed that nearly a fifth (19%) of UK SMEs have missed a new opportunity in the past 12 months due to a lack of available funding. Medium-sized businesses are worst hit, with over a quarter (28%) saying they have been affected. The report, which surveyed over a thousand…

1 2 3 15