Credit, Collections & Insolvency News
Creditsafe has created a Prompt Payment Premier League table. The table reveals that English Premier League Clubs have overdue invoices totalling £1.3million and 20% are late by 20 days or more beyond the agreed payment terms. Manchester United who place 19th in the Prompt Payment Premier League have 63 outstanding invoices totalling £857,183, making up…
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Independent Growth Finance (IGF) has announced the appointment of three senior hires at its offices in London and Manchester with a new ABL Director and two Regional Sales Directors joining the firm. Jamie Gould will join IGF Business Credit as ABL Director for London and South East, Gould has over 35 years’ experience in the alternative finance…
Read moreBibby Financial Services (BFS) has appointed Sharon Wiltshire as UK commercial director. First joining BFS in 2001, Wiltshire brings 30 years’ experience in commercial finance, having started her career at RBS Invoice Finance in 1987. She has held a variety of operational and commercial roles with BFS, including operations director and managing director for the…
Read moreAldermore has announced the launch of Contract Finance, a new business finance funding solution allowing small and medium-sized enterprises (SMEs) to release working capital by advancing funds against their contractual billing. Contract Finance offers a flexible solution to businesses with an annual turnover above £250,000 which supply goods or services under contracts, typically over a set…
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Gener8 Finance has announced that it has agreed on terms to sell its invoice finance business to 1pm Plc, a stock market listed provider of asset based lending facilities to the UK SME sector. Asset Finance specialist, 1pm provides asset finance, business loans and related financial products for both hard and soft assets and has…
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IGF has announced the appointment of two new Regional Sales Directors across Yorkshire and the Midlands. IGF welcomes Danielle Hodgson as Regional Sales Director for the firm’s Invoice Finance division, covering Yorkshire & the Humber. As the main contact for IGF’s clients in the region, she is responsible for developing relationships with existing and potential SME…
Read moreBibby Financial Services (BFS) has appointed Craig Durnell as Managing Director for its export finance business. First joining BFS from RBS in 2014, Craig has held a variety of roles at the independent funder, including head of operations, and most recently, head of South West business centre. Prior to joining RBS, Craig spent more than…
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The Asset Based Finance Association (ABFA) has appointed Michael Walsh as Chairperson of the organisation in Ireland and Mark O’ Rourke as Vice Chairperson. Walsh, who has over 25 years’ experience in the Irish banking sector, is currently Director of Ulster Bank Invoice Finance. Michael has held a number of senior roles within the company…
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Siemens Financial Services has appointed Paul Walsh as Regional Corporate Director for its Invoice Finance team. Walsh was previously with Bibby Financial Services, where he served as regional corporate sales manager. Prior to that, he spent 25 years at Barclays Bank as regional sales manager. Welcoming Paul to his new post, Ian Cole, head of…
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Aldermore, the specialist bank, has made two senior appointments to its Business Finance risk team. Jon Flagg has joined as Risk Director for Asset Finance and Clive Gould has been appointed Risk Director for Invoice Finance. Having started his financial services career in corporate lending at NatWest, Flagg has over two decades of asset finance risk…
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PeerPay has developed a cloud-based platform that links the larger, cash-rich firms within an Accountant’s client portfolio with smaller, client companies within the same community looking for money to grow. The brainchild of founders, accountant David Ireson-Hughes, Michael King, an experienced financial services executive, and Alan Burns an experienced technologist, the platform – called FloFunder –…
Read moreAldermore has announced that last year it provided over £1bIillon in new lending to SMEs, the backbone of the UK economy. The disclosure comes as the Bank releases its full year financial results for 2016. Aldermore’s Business Finance division comprises Asset Finance and Invoice Finance. In 2016, net loan growth in Asset Finance increased by…
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Aldermore has appointed Graeme Elliot to its Invoice Finance team. Elliot joins as a Business Development Manager and reports to Stuart Baty, Head of Business Development – South, Invoice Finance. Elliot has over twenty years’ experience providing finance to SMEs, he joins from RBS where, from 1994, he built a career in senior portfolio management and held business…
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