Credit, Collections & Insolvency News
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…
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The winners of the third annual 2019 Credit & Collections Technology Awards have been revealed. There were eighteen winners from the twenty Awards categories which are covered by four main headings of Applied Technology, Credit and Collections, Lender and Creditors and Innovation Leaders. The awards ceremony was held at the Credit Services Association’s (CSA) annual…
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CYBG’s SME Health Check Index, a quarterly measure of performance and outlook for UK SMEs, fell by 6.9 points to 41.9 in Q2 2019, as economic and political uncertainty continued to weigh on business confidence. The study overall, however, reveals a mixed picture, with continued resilience in the labour market, and encouraging insights on business…
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Secure Trust Bank Commercial Finance has bolstered its team in the Midlands, with the appointment of Matt Broomfield as Regional Sales Director. Broomfield has 13 years’ experience in the business lending market, having previously worked within the asset-based lending departments of major UK banks such as RBS and HSBC. He has developed a wealth of…
Read moreBibby Financial Services (BFS) has appointed Jonathon Preen as its new Global Head of Innovation. Preen joins BFS with over 8 years’ experience in leading innovation and creating new business models across a range of industries. Prior to joining BFS, Preen worked at HomeServe, where he served as Senior NPD & Innovation Manager. he has…
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Across nine UK regions, more than one in five small business owners (22%) are looking to expand into new markets overseas in order to achieve business growth. The latest findings from the quarterly Business Barometer research by Hitachi Capital Business Finance comes at a time when the country is gearing up for the Brexit deadline. Set against…
Read moreSpecialist 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…
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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…
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ThinCats has announced the appointment of Kenny Hughes as Director, Regional Business Development for Scotland. Hughes brings over 20 years’ experience in corporate debt finance joining the business from Metro Bank, where he most recently held the role of director large commercial focusing on mid-market transactions. Prior to this he held senior corporate and structured…
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Business lender, OakNorth, has announced the appointments of Tiffany Teng as Chief of Staff and Jeremy Payne as Director of Product, Data Services. Teng was previously at JPMorgan Chase where she worked on the launch of several products including Chase Pay and the redesigned web platform. She managed product and product marketing teams at JPMorgan…
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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 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…
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ABN AMRO Commercial Finance UK (ACF) has announced that Jeremy Harrison has been appointed as it’s new Head of Sales. Harrison will lead an origination team with a focus on providing flexible funding solutions to mid-market, corporate and international businesses with financing needs across the UK and Europe. Jeremy will report directly into ACF Commercial…
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Close Brothers Asset Management (CBMA) has appointed financial services veteran Alastair Wilson as its new Managing Director as it aims to enhance its offering across the UK. Wilson brings more than 30 years’ financial services experience and joins CBAM’s base in the Scottish capital from Brooks Macdonald, where he was a founding member of the…
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