Credit, Collections & Insolvency News
SMEs are least likely to invest in their businesses during the remainder of 2019 according to the latest Global Business Monitor from Bibby Financial Services (BFS) and trade credit insurer, Euler Hermes. The report offers insight into the opportunities and threats faced by SMEs worldwide, based on a survey of businesses across 13 regions, with…
Read more
New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) held steady in August 2019, but was up by 6% in the twelve months to August, compared with the same period last year. The commercial vehicle finance, and plant and machinery finance sectors…
Read more
Ultimate Finance has appointed Vinnie Dobie and Jemma Taylor as Regional Directors for the North West. Dobie joins the team building on his expertise in invoice finance to offer more tailored funding solutions to his contact base and Taylor brings a broad range of funding expertise to the team from her experience in business funding…
Read more
Small firms are calling on the Government to secure a Brexit deal and come forward with radical policy interventions to arrest a dogged lack of confidence among business owners as new FSB research shows rising costs and uncertainty increasingly taking their toll.Its SBI confidence measure stands at -8.1 in Q3 2019, down more than six…
Read more
The second Commercial Credit & Collection conference has been confirmed as Thursday 23rd January by the organiser Credit Connect Media. The event will once again be hosted in partnership with CVR Global and Aon. The conference will tackle issues across the full life-cycle of business credit and collections. The conference series also aims to provide…
Read moreGrowth and funding ambitions have strengthened amongst SMEs over the course of 2019, according to the latest report by Independent Growth Finance (IGF), the leading independent asset-based lender. Almost three quarters (73%) expect to see their revenues climb in the next 12 months, compared to 69 percent at the start of the year. Of those…
Read more
Research from alternative finance provider, Nucleus Commercial Finance has revealed that more than half (52%) of UK SME owners have business ambitions they feel they are unable to fund. According to the latest research, it’s business owners in the capital who are struggling the most to match their ambitions, with over over three-fifths (61%) of…
Read more
Irish SMEs drew down €1.4 billion in loans from Irish banks over Q2 2019, an increase of €147 million on the same period of 2018. SMEs in the property sector accounted for the largest share of new drawdowns at 36 per cent, followed by SMEs in the wholesale/retail trade and agricultural sectors; accounting for 12…
Read more
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 7% over the same period. The plant and machinery finance,…
Read more
Asset Finance company, Bibby Financial Services (BFS), has announced the appointment of Theo Chatha as Chief Financial Officer. Prior to joining BFS, Chatha spent eleven years with Close Brothers, holding a variety of executive roles across its banking, property finance, and asset finance and leasing divisions. Most recently, he held the role of Bank Finance Director, overseeing…
Read more
Specialist asset-based lender, Ultimate Finance, has announced a strategic refocus of its product portfolio as it withdraws from the unsecured loan market to concentrate on further investment in its range of core asset-based solutions. The decision enables a full focus on growing its market-leading Invoice Finance, Asset Finance and Bridging products, and aligning its depth…
Read more
Overall business confidence fell in August, for the first time in three months, by 12 points to 1%, according to the latest findings from Lloyds Bank Commercial Banking Business Barometer. Overall business confidence is calculated by averaging the views of 1,200 companies on their business prospects and optimism about the UK economy. This month’s business…
Read more
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 6% in June, compared with the same month in 2018. In the first half of 2019, new business was 8% higher than in the same period in 2018. The commercial vehicle finance…
Read more