Credit, Collections & Insolvency News
SME financial provider, Bibby Financial Services (BFS), has announced the appointment of Karl Leitelmayer as its Head of Business Centre for Trade Finance. Leitelmayer is an invoice finance specialist with over 30 years’ experience in the financial services sector. He joins BFS after 19 years at Lloyds Banking Group, most recently as Head of Broker Channel Sales…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in September, compared with the same month in 2018. In Q3 2019 as a whole, new business was also 5% higher than in the same quarter in 2018. New finance for…
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Haydock Finance has announced the appointment of Andrew Roberts as Asset Manager. Roberts’ experience in the industry stretches 17 years. Having first worked at Alliance & Leicester’s Commercial Finance and then, up until September of this year, with Santander UK where he held the position of asset manager for 9 years, directly responsible for a…
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Bibby Financial Services (BFS) has appointed Jade McClellan as a new Relationship Manager for Trade Finance. McClellan joins BFS with 18 years’ experience in the financial services industry, having previously spent six years in the business working as a risk manager in the trade finance team. Prior to her new appointment, McClellan worked as collections…
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Business lenders Ultimate Finance and Bibby Financial Services (BFS) has announced its support for the Business Finance Council’s SME Finance Charter, in a bid to improve access to finance and help for businesses during Brexit and beyond. The Charter provides a framework for financiers to outline specific commitments to SMEs in relation to preparing for…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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