Peer-to-peer lender, Assetz Capital, has agreed on a deal with Connect for Intermediaries to be the first network that it distributes its products through. Assetz Capital provides commercial loans, development finance, bridging and buy-to-let to brokers who are part of its specialist network or use the Connect for Intermediaries packaging arm.  It will provide both first and second…

The impact of prolonged Brexit negotiations is taking its toll upon the UK automotive sector, warns trade credit insurer Atradius. A new economic report by Atradius highlights that economic uncertainty has led to a 6% drop in new car registrations in the first half the year and a significant decline in investment; from £1.7bn in 2016…

The winners of the second annual Credit & Collections Technology Awards were announced last night at the Credit Services Associations’s annual Gala dinner at the Crown Plaza in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation were revealed. Stay tuned…

SME funder Ultimate Finance has appointed three senior sales professionals to further strengthen support for SMEs in London and the South East. The new senior recruits are made up of Nick Haggitt, Head of Sales, Matthew Taylor, Senior Regional Director and Chris Mitcham, Regional Director. Between them, they bring more than 50 years’ experience in…

The Government has announced new measures to boost funding for small businesses. The new laws aim to help small businesses against unfair contracts that stop them raising money from unpaid invoices were put to parliament yesterday. Small Business Minister Kelly Tolhurst put forward new laws to arm small businesses against unfair contracts that stop them raising…

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 10% over the same period. The IT equipment finance and…

The Government-backed Bank Referral Scheme since the scheme which was launched in November 2016 means that small businesses have been able to source more than £15 million in funding. The scheme allows small businesses rejected by high street lenders to source alternative finance through the referral scheme. The scheme has enable financial support to nearly 19,000 small…

Henry Howard Finance Group has announced it has appointed a new Group Chief Financial Officer (CFO). Mark Tweed will join Henry Howard Finance in October, where he will take up responsibility as Group CFO and Head of Legal. Tweed joins from Opel Vauxhall Finance, where he was held various pan European CFO and CEO roles…

UK Finance has published its July Business Finance update indicating that lending to manufacturers grew by 7.1 per cent in the last 12 months, in contrast to a wider 2.2 per cent contraction overall in UK business borrowing.   Whilst K business deposits for non-financial companies grew by 1.9 per cent in the last 12 months. Commenting…

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