Credit, Collections & Insolvency News
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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Analysis from Equiniti, the FTSE-listed share services and fintech business, of UK Finance statistics shows that continued Brexit uncertainty is having the biggest impact on the smallest businesses in relation to asset based lending and invoice finance borrowing. The figures show that total advances to businesses with a turnover of less than £1 million a…
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The latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9% in October, compared with the same month last year. The plant and machinery finance and business equipment finance sectors reported new business up by 16% and 29% respectively, compared with October…
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Data from the winners and finalists of the second annual Credit & Collections Technology have been collated and are now available as part of a report reviewing the 2018 event. The Awards report highlights the unique and transparent ethos of the scheme by providing graphs, statistics and judges comments which highlight the results. The Awards event,…
Read moreTrade credit insurer Atradius has published a new economic research report analysing the impact of a potential trade war on the economies of Southeast Asia. With a trade war seemingly escalating between China and the US, Atradius reports that trade across Southeast Asia has already been moderately impacted, with increased risk aversion in international financial markets. However,…
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Business lender, Iwoca, has announced it has connected to Barclays and HSBC banks under Open Banking, expanding the the number of Open Banking connections offered by Iwoca to three, including Lloyds Bank, enabling more than 60 percent of the lender’s customers to take advantage of the Open Banking service. Open Banking is the new regulation which…
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UK Finance has published its latest SME Update on SME loan approval (for Q3 2018) which show that rates remain consistently high. The figures show that there were 69,980 new loans and overdrafts approved for a value of £7.0bn with banks approving eight out of ten applications for SME Finance. The figures also showed that cash…
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Financial services companies appear to have increased their appetite for risk compared to businesses in other sectors, a report has found. The Q3 2018 Global Supply Chain Risk Report, published by Cranfield School of Management and Dun & Bradstreet, investigates the level of perceived supply chain risk faced by European companies with international supplier relationships.…
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Lender, Aldermore, has appointed Jon Cooper as its new Head of Omnichannel within its retail mortgage business. Cooper will be responsible for driving sales through brokers and alternative channels as well as into the direct team. He will continue to build on the great work our intermediary and direct distribution teams have done to drive our…
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