Optimum Finance makes new appointments

6th January 2022 Appointments | #appointments

Specialist Invoice Finance provider, Optimum Finance has bolstered its team with three new appointments across the Marketing and Finance departments. Jo Maniatt joins as Marketing Director, Szym Wasilewski as Finance Manager and Liam O’Shea as Financial Accountant. Maniatt, previously International Marketing Manager for global brand Bisley Office Furniture, brings with her a wealth of strategic…

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British Business Bank responds to NAO report on Bounce Back Loans

7th December 2021 Alternative Business Lending | #fraud

A report from the National Audit Office (NAO) says the Government only put basic anti-fraud checks on the Bounce Back Loan Scheme (BBLS) for small firms once more than £28 billion had already been paid out. The British Business Bank stepped up to deliver the Bounce Back Loan Scheme on behalf of Government to ensure…

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£28bn in Covid loans paid out before anti-fraud measures started

3rd December 2021 Alternative Business Lending | #fraud

A report from the National Audit Office (NAO) says the Government only put basic anti-fraud checks on the Bounce Back Loan Scheme (BBLS) for small firms once more than £28 billion had already been paid out. Checks to ensure that a company was not applying for more than one bounce back loan were not put…

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Bibby Financial Services announces new central London office opening plans

23rd November 2021 Business Lending |

independent invoice financier, Bibby Financial Services (BFS), is to open a new central London office as it looks to grow its support for SMEs and intermediaries in the South East of England. BFS’s new premises are located at 30 Crown Place in the heart of the City, between Liverpool Street and Moorgate stations. Speaking of…

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Access to finance jeopardising job creation

Almost half of small businesses across the UK (49%) are relying on securing finance to help them fulfil their growth plans for the year ahead. After three consecutive quarters when small business outlook has remained unchanged (with 34% of business owners predicting growth), the new Business Barometer study from Hitachi Capital Business Finance suggests access…

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Asset finance grows by 6% in September

8th November 2021 Asset Finance | #asset

New figures released by the Finance & Leasing Association (FLA) show that total asset finance new business (primarily leasing and hire purchase) grew by 6% in September 2021 compared with the same month in 2020. In the nine months to September 2021, new business was 20% higher than in the same period in 2020. The…

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Former Small Business Commissioner joins Optimum as Non-Executive Director

1st October 2021 Commercial Credit Management |

Optimum Finance has announced that it has recruited the former Interim Small Business Commissioner (SBC) as a Non-Executive Director. Philip King, who was also the former Chief Executive of the Chartered Institute of Credit Management (CICM), is joining Optimum. King has worked in the credit industry for more than 40 years and is an acknowledged…

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Just Cashflow and Optimum Finance agree invoice finance partnership

16th June 2021 Commercial Credit Management |

Just Cashflow has announced that it will be offering new and existing customers a full range of Invoice Finance facilities through a mutually beneficial relationship with Optimum Finance. Chief Commercial Officer, Martine Catton said, “Businesses emerging from a post COVID world are going to need access to the most appropriate financial products so it’s important…

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Time Finance appoint new CEO

11th June 2021 Appointments |

Time Finance has announced that Ed Rimmer has been confirmed as the permanent Chief Executive Officer (CEO) with immediate effect.  Having previously held the position of Chief Operating Officer until April 2020, Ed was reappointed as Interim CEO three months ago. Time Finance specialise in the provision or arrangement of funding solutions to UK businesses…

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Optimum Finance appoints new CFO 

21st May 2021 Appointments |

Specialist SME invoice finance company Optimum Finance has recruited Vicky Williams as Chief Financial Officer (CFO). Williams joins following the appointment of Chief Technology Officer (CTO) Gordon McIntosh in March this year. Williams appointment means that the new member of management fills the final slot in the Senior Leadership Team, with women holding a 60%…

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Nearly half of finance leaders make automation technology a key priority  

16th April 2021 Alternative Business Lending |

New research commissioned by commercial data and analytics provider Dun & Bradstreet has found 45% of 250 UK-based CFOs and finance leaders surveyed are embracing new technologies to increase efficiencies and 43% plan on improving their data quality as they look to increase their ability to manage disruption in 2021. The survey focused on strategies…

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Natwest to close Esme Loans

15th March 2021 Business Lending |

Esme Loans, NatWest’s standalone digital lending platform for SMEs and scale-up businesses, has announced that it will close. Launched as a pilot by NatWest in early 2017, Esme Loans offered an alternative financing option for SME customers looking for faster, unsecured business loans for a wide range of business purposes, alongside its range of conventional…

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Government-backed business lending hits almost £73bn

26th February 2021 Alternative Business Lending |

New HM Treasury figures have revealed that the banking and finance industry has approved another £2 billion of business loans over the past month, with the figure now rising to almost £73 billion to almost  1.6 million businesses so far through government-backed coronavirus lending schemes. Almost 29,500 Bounce Back Loans have been approved over the…

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