New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 5% in March, compared with the same month last year, and by 3% in Q1 2018 overall. New finance for business equipment grew in March by 13% compared with the same month…

New research from insolvency firm, Begbies Traynor has revealed that nearly 43,000 retailers ended the period in a state of ‘Significant’ financial distress. According to Begbies Traynor’s Red Flag Alert research for Q1 2018, which monitors the financial health of UK companies, 42,958 retailers were experiencing ‘Significant’ financial distress at the end of March 2018, up 21%…

The board of Hampshire Trust Bank plc have announces the appointment of Matthew Wyles as the Bank’s new Chief Executive Officer subject to regulatory approval. Wyles will join Hampshire Trust Bank with immediate effect as CEO (Designate). This follows the announcement late last year that Mark Sismey-Durrant, who has been CEO since 2012, had decided…

Just 11% of the £416 billion in the total stock of loans to businesses are now being provided on a fixed rate – dropping by a third from 18% two years ago – leaving businesses with huge exposure to rising interest rates, says Hadrian’s Wall Capital, the London-based specialist debt adviser. The drop came as…

A new report by Aldermore titled Future Attitudes has revealed that just under a quarter (23%) of SMEs, representing 1.27million small and medium-sized businesses across the UK, are missing out on new business opportunities due to a lack of available funding a 4% increase on the previous year. The report, which surveyed over a thousand business…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) for deals of up to £20 million fell in February by 1%, compared with the same month last year. The plant and machinery finance and IT equipment finance sectors reported new business growth in…

New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) for deals of up to £20 million grew by 4% in January, compared with the same month last year. Including high-value deals, new business increased by 3% over the same period. The plant and…

The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is to host the Credit and Collections Technology Awards at this year’s CSA Gala Dinner on 13 September. The co-branded event, which will form part of the CSA’s UK Credit and Collections Conference (UKCCC), reflects the Association’s growing recognition…

SME finance monitor shows only 41% of SMEs seeking finance were confident the bank would lend to them in Q4 2017. Nic Beishon, Head SME of Commercial at Equifax, said “There are millions of companies in the UK with fewer than 10 employees and many who apply for finance often have a limited credit history –…

Aldermore, has appointed Sue Hayes to the newly created role of Group Managing Director of Retail Finance. Hayes will join the Bank in June. Reporting to Phillip Monks, Chief Executive Officer of Aldermore, Hayes will be responsible for managing the existing Bank’s mortgages and savings businesses as well as expanding into new areas. Since its…

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