Credit, Collections & Insolvency News
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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Rising costs are the greatest challenge facing small businesses around the world, according to the latest Global Business Monitor study from global SME partner, Bibby Financial Services (BFS) and global leader in trade credit insurance Euler Hermes. Findings of the research, based on a survey of more than 2,300 SMEs in 13 countries across Asia,…
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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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Small businesses are in urgent need of more government support to overcome a worrying lack of preparedness for a no-deal Brexit on 31st October, according to new research from the Federation of Small Businesses (FSB). In the first UK-wide small business assessment of no-deal preparedness ahead of 31 October, FSB’s research shows that among 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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Alternative finance provider, Liberis Finance has announced a facelift, launching a new identity and website The company says the logo has been simplified with a more professional look and feel, with a vibrant colour palette that better aligns to a customer expectation of a business that is modern and innovative, and that takes a fresh…
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OakNorth Bank has announced a strategic partnership with leading high value, secure payments solution, Shieldpay, to launch escrow accounts for borrowers. The companies have jointly developed this industry-first offering which enables OakNorth to hold borrowers’ funds securely in Shieldpay’s digital escrow facility – the vault – and only release funds when all parties are in…
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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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New figures from the consumer group Which? indicate that one in 10 free UK cashpoints have either closed or started charging fees since January 2018, with deprived communities disproportionately impacted by the changes. Anabel Hoult of Which? and Natalie Ceeney of the Access to Cash Review have written to the Chancellor to urge the Government…
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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,…
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