The date for the third Commercial Credit & Collection conference has been confirmed as Thursday 17th June. The conference starting at 9.30 am will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide insight into new technology advancements that can help Credit Manager and Finance Directors…

UK companies are expected to borrow a net £19 billion this year, far less than the £26 billionn initially forecast by experts in February as the economy rebounds quicker than anticipated and the demand for loans to support cashflow reduces, according to the latest EY ITEM Club Interim Bank Lending Forecast. UK GDP is now…

As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support. However new research from Nucleus Commercial Finance today reveals business owners are lacking awareness and understanding of the Government support schemes on offer. The research of SME leaders found nearly one…

Geoff Maleham has been appointed as Managing Director of Hitachi Capital Business Finance (subject to FCA approval). Maleham has jointly led the business since the sad passing of Gavin Wraith-Carter in September 2020. Hitachi Capital Business Finance, a division of Hitachi Capital (UK) PLC, provides business asset finance to SMEs and corporations across the UK.…

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 15% in March 2021 compared with the same month in 2020. In Q1 2021, new business grew by 1% compared with Q1 2020. The commercial vehicle finance sector reported new business…

SMEs are set to invest an average of £150,000 in the business as post lockdown optimism grows according to new research by Bibby Financial Services (BFS). The Government’s plans to ease lockdown restrictions have seen a surge in optimism from SMEs, according to the latest business funders’ Covid-19 Pulse survey. The research found that three…

UK quoted companies issued 50 profit warnings in Q1 2021, an 83% decrease from the 301 warnings recorded in Q1 2020 according to a latest report from EY-Parthenon’s which indicated the biggest year-on-year percentage fall in UK profit warnings on record. Profit warnings were pushed to record levels in Q1 2020 at the onset of…

Business finance marketplace platform Funding Options has launched Funding Cloud, a data-driven technology platform that the company says will bring scale and speed to the SME finance sector. Lenders including Just Cash Flow, iwoca, YouLend, Optimum Finance and FIBR have already integrated with Funding Cloud. By Q4 this year, the company expects to have more…

Business Loan Network, a peer-to-peer business lending platform has been placed into administration. The company was incorporated and commenced trading in 2010 operating an electronic peer-to-peer platform, with retail and institutional lenders investing in secured business loans.   In December 2019 the company took the decision to close the platform to new business and following…

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