Credit, Collections & Insolvency News
The Federation of Small Businesses (FSB) is calling for improved lending standards and an enhanced British Business Bank (BBB) in support of new recommendations from the Banking Futures initiative. FSB is urging all banks to sign-up to the Lending Standards Board (LSB)’s standards of practice for business customers, as set out in the ‘Banking Small…
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Star Asset Finance (SAF) has continued its consolidation of the SME asset finance market by completing the acquisition of Credo Holdings. Norwich-based Credo was established in 2005 as an independent provider of asset finance. The company has a growing own-book portfolio, coupled with brokered finance supported by a number of industry funders. Specialising in hard and soft…
Read moreBusiness Peer to Peer lender, ArchOver, has announced that it has been awarded membership of the Asset-Based Finance Association (ABFA), the trade body for invoice finance and asset-based lending. The ABFA represents over 95 per cent of the UK and Irish asset-based finance market, working to set and maintain ethical standards within the industry. ArchOver’s…
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The NACFB has announced the appointment of Graham Toy as Chief Executive Officer. Toy joins the organisation as a permanent replacement for interim CEO, Rob Lankey, who left the Association recently at the end of his interim posting. Paul Goodman, Chairman of the NACFB said “Graham joins us at an important time for the NACFB.…
Read moreJohn Brooks has joined alternative lender Thincats as Business Origination Manager. Brooks joins the company from Natwest and having spent 42 years working with UK businesses – 30 years of which he spent working within different areas of the SME market. The past 12 years have seen John specialising in the professional services sector in…
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ThinCats, has announced the appointment of Samantha Gray as General Counsel. Gray has a strong legal background and over 16 years’ experience in the profession. Her impressive legal history includes working as Partner at Langley Solicitors LLP and heading up their Finance Law Unit which covered financial services, banking, insolvency and restructuring matters. Damon Walford…
Read moreLinked Finance, an Irish Peer to Peer (P2P) lending platform for small businesses, has been granted full authorisation by the Financial Conduct Authority (FCA). Linked Finance is Ireland’s largest P2P firm by cumulative lending. Niall Dorrian, Chief Executive Officer of Linked Finance said “ I am very pleased that we have secured full FCA approval,…
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Business Lending Peer to Peer platform ArchOver has secured full authorisation from the Financial Conduct Authority (FCA). Angus Dent, Chief Executive Officer at ArchOver said “There is great satisfaction in gaining a stamp of approval. Our industry-leading policies and procedures will allow us to take alternative forms of lending to the next level. At a…
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Business Peer to Peer Lender Funding Circle has received full authorised by the Financial Conduct Authority. Launched in 2010, Funding Circle allows people and organisations to lend to small businesses, offering investors attractive and stable returns whilst supporting the backbone of the British economy. The news puts Funding Circle in a position to be able to…
Read moreSancus Finance’s Managing Director, Caroline Langron has been appointed Managing Director of FundingKnight Langron will continue in her role as managing director of Sancus Finance, which she has led since 2014. The appointment comes on the back of a business restructure which saw both Sancus Finance and FundingKnight’s owner, GLI Finance bring together a select…
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KPMG and peer-to-peer (P2P) lending platform Twino have released the first ever Alternative Lending Index (ALI). The report compares lending environments across Europe over the period 2010- 2016. The ALI uses information gathered from the European Central Bank and Eurostat, as well as the central banks of the countries outside the Euro area. The Index provides a scale…
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The Centre for the Study of Financial Innovation (CSFI) has published a new report examining the growth of Peer to Peer and how it is been used by small businesses and investors. In the report, Andy Davis looks at the explosive growth of new sources of finance for small businesses over the past five years represents…
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Peer to Peer lender Kulfink has received full FCA regulation. The accreditation marks a milestone seal of approval for the Kuflink Group, validating the company’s founding premise of customer-centric transparency, financial security and premium industry service as a paramount objective. Kuflink is part of the Kuflink Group, which is also compromised Kuflink Bridging. Launched in December 2011, the company is a lender in the…
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