Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew in February 2019 by 15%, compared with the same month last year. The commercial vehicle finance and IT equipment finance sectors reported new business growth in February of 36% and 10% respectively, compared…
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Just over half (55%) of SMEs have had to turn away growth opportunities because of a bad financial situation, according to new research released today by Nucleus Commercial Finance. The data also indicates that 29% of UK SMEs currently want to grow, but aren’t able to, a clear picture is emerging of businesses being held…
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More than four in 10 businesses in the UK are unaware of the risks posed by invoice fraud, according to a survey by banking trade body UK Finance. Invoice finance cost firms almost £93 million in 2018. The fraud takes place when fraudsters trick firms into transferring money by posing as legitimate payees. There were…
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The inaugural Commercial Credit & Collections conference has confirmed its agenda for its forthcoming event at the Leadenhall Building on Friday 5th April. CVR Global and Aon’s Commercial Credit & Collections conference agenda includes speakers from Chartered Institute of Credit Managers (CICM) and Eversheds Sutherland. With Brexit on the horizon, the event will open with…
Read moreRisk management specialist Equiniti Riskfactor has published new research which has found that invoice finance and asset-based lending (abl) returned to growth in the second half of 2018, through analysis of UK Finance’s industry statistics. Total advances at the end of December 2018 totalled £22.7b, up over £100m from the previous quarter and up 2.4%…
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Almost one in four SMEs see political uncertainty as one of the biggest obstacles facing their business, according to a major survey of over 4,500 small firms. The latest BVA BDRC SME Finance Monitor has found that 24 percent of SMEs now see political uncertainty as a major barrier to their business going forward, up…
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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 9% in January, compared with the same month last year. The plant and machinery finance and IT equipment finance sectors reported new business growth in January of 26% and 45% respectively, compared…
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Businesses across the UK are recognising the need to ‘future-proof’ by seeking support and advice to build their business resilience and guard against unforeseen challenges, according to new research from leading SME funding partner Ultimate Finance, which found that more than half (58%) of SMEs have invested in resilience in some form over the last…
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Paragon Asset Finance has made a series of new appointments as it seeks to grow its lending commitment to British businesses. Jan Greenhalgh is among the recent uptake of new starters as Head of New Business in Asset Finance. She brings a wealth of experience and specialist knowledge and is focusing on delivering, speed, consistency…
Read moreThe National Association of Commercial Finance Brokers (NACFB) has launched an enhanced online portal, findsmefinance, offering UK businesses access to the trade body’s membership of independent finance brokers. The free directory enables UK businesses seeking finance to simply filter their funding requirements by loan size, type and location and are then presented with a range…
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Net lending to SMEs shrank to £500m last year, compared with £700m in 2017, according to a new report by the British Business Bank. The study also reveals a dramatic slowdown in the growth of alternative forms of funding, including peer-to-peer lending and asset finance. Lending through peer-to-peer platforms rose by 18% last year, compared…
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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 in December by 7% compared with the same month in 2017, and by 5% in Q4 2018 as a whole. The plant and machinery finance and commercial vehicle finance sectors reported new business…
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The Financial Stability Board (FSB) has published the Global Monitoring Report on Non-Bank Financial Intermediation 2018. The report presents the results of the FSB’s eighth annual monitoring exercise that assesses global trends and risks from non-bank financial intermediation. It covers data up to end-2017 from 29 jurisdictions, which together represent over 80% of global GDP. The…
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