New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 10% in May, compared with the same month in 2017. New finance for plant and machinery grew in May by 4% compared with the same month in 2017, while the commercial vehicle…

Hampshire Trust Bank has announced that it has appointed of Charles McDowell as Managing Director of the Banks’s Specialist Mortgages Division with effect from 1 October 2018. McDowell has worked for Aldermore Bank since 2014, latterly as Commercial Director (Mortgages). He started his career at Deloitte. Charles will sit on HTB’s Executive Committee and will…

The FCA’s efforts to improve financial services for SMEs has been the subject of the organisations latest annual report, SMEs are contributing more than £200bn a year, but increasingly feel under-served by banks. SMEs main ask from banks is financial planning tools and business growth advice, especially money management and cash flow tools according to research…

Hitachi Capital UK has announced it has acquired of Franchise Finance, a specialist financial services provider to the franchising industry. The transaction boosts Hitachi Capital UK’s lending base to SMEs and franchisees, bringing considerable senior consultancy experience to the Group and helping to build a profitable portfolio within an underserved market. The acquisition also enables…

A large majority of brokers think they will increase the amount of bridging finance they do over the next 12 months, according to a broker survey by specialist bridging lender Hope Capital, with 97% of broker saying that they are more than happy to work with unregulated lenders. Hope Capital’s survey revealed that for more…

UK Finance has published its latest business update for May 2018. The key findings from the report include: Lending to manufacturers grew by 5.1 per cent in the last 12 months, in contrast to a wider 2.5 per cent contraction overall in UK business borrowing. UK business deposits grew by 3.1 per cent in the…

A new study by Dun & Bradstreet examining the current state of the compliance and procurement functions, as measured through professional sentiment on related issues like regulation, fraud, technology, and resource has found that increasing regulation continues to be the chief concern for professionals in these industries, while the overall outlook sentiment is positive. The…

Credit risk analytics expert, Jaywing, has announced a new partnership with specialist SME bank Hampshire Trust Bank (HTB). Increasing regulatory demands on small banks via their ICAAP and SREP poses new challenges to firms who need to be able to actively identify, understand and manage all aspects of risk that their organisation faces in the…

An independent study commissioned by Dun & Bradstreet reveals a UK business community that believes it has already lost out due to the EU referendum. When asked how the Brexit process has affected business finances, 43% of business leaders say they have felt a negative financial impact since the Brexit vote. More than a third…

The Federation of Small Businesses (FSB) is calling on the Government to accept a raft of public procurement reforms that will promote supply chain best-practice and unlock the potential of the UK’s 5.7 million small businesses. Data from the latest FSB report, ‘Chain Reaction: Improving the supply chain experience for smaller firms’, shows that 25%…

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