Credit, Collections & Insolvency News
UK small firms have raised their concerns about weak economic growth, consumer demand and high lending rates in the latest Federation of Small Businesses (FSB) Small Business Index (SBI). Amid persistent political uncertainty, the domestic economy is flagged more often as a growth constraint by small businesses than any other common barrier to expansion. Close…
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Research out today from SAP Concur has revealed that 31 per cent of UK businesses consider growth during 2019 to be critical. Almost all respondents (99 per cent) stated that growth had some level of importance to their business over the next few years. In addition, 96 per cent reported that their company is planning…
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Shawbrook Bank has announced it has appointed John Eastgate as its Managing Director (MD) for its commercial mortgage business. Eastgate will join the specialist lender in the summer. He is currently Sales and Marketing Director at One Savings Bank and has been at the lender for more than six years. He will bring nearly 30…
Read moreBibby Financial Services (BFS) has appointed Sue Pengelly as Business Development Manager (BDM), South West of England, as it looks to expand its support for small and medium-sized businesses in the region. In her new role, Sue will primarily focus on securing new business opportunities for BFS, with a focus on Devon, Cornwall and Somerset,…
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Independent Growth Finance (IGF) has announced two appointments in its asset-based lending Sales team. Nigel Hibbert joins as ABL director to strengthens IGF’s presence in the South East. Hibbert has 17 years’ experience working in asset-based lending and invoice finance. Hibbert will be responsible for strengthening relationships in the South East with a focus on asset-based…
Read moreTotal business volumes in the financial services sector fell slightly in the three months to December, marking the first contraction of demand since September 2013. That’s according to the latest CBI/PwC Financial Services Survey. Meanwhile, sentiment among financial services deteriorated further, rounding off three full years of flat or falling optimism. The quarterly survey of 84…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was at a similar level to the same month in 2017. The plant and machinery finance and business equipment finance sectors reported new business up in November by 9% and 8% respectively,…
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Accountants are helping their clients find the right funding options and referring them to external providers. Research from business finance company MarketInvoice reveals that UK accountants are most likely to refer their clients to banks, with invoice finance as the second most popular lender of choice. Two thirds (66%) of accountants surveyed said that they…
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Hampshire Trust Bank (HTB) has announced the relaunch of its Asset Finance division as Specialist Business Finance. The division has launched a new specialist business line, Structured Asset Finance, to complement the existing core offering which will remain unchanged. The new structure comprises broker asset finance, wholesale lending and a series of specialist business lines, the…
Read moreA new industry careers site for the credit industry and collections industry has been launched by Credit Connect Media. The website is a careers platform which aims to connect the UK’s top credit and collections industry talent with the best career options. Credit-connection.co.uk is an industry careers website sharing the latest job vacancies and a training course…
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Bridging lender Hope Capital has appointed its first Managing Director. Gary Bailey, formerly Sales Director of Together. He joins Hope Capital today, 7th January, to help expand and grow the company. Hope Capital has grown rapidly, having doubled its lending in the past year, increased its staff numbers by 40% and expanded into much larger…
Read moreUK Finance has published its latest Household Finance Update for November 2018 which has revealed that overall lending to non-financial UK companies remained subdued, with a 1.7 per cent contraction over the last twelve months. However, some sectors continue to show growth, with manufacturers growing by seven per cent over the year. Deposits held by…
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D&D Leasing has announced it will rebrand to DND Finance. The aim of the rebrand is to reflect its growing range of services. Rev. Dr. K. Bill Dost said “We realised the name no longer fitted; we were so much more than just a leasing company, we had evolved into a finance house. The timing…
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