Credit, Collections & Insolvency News
The impact of prolonged Brexit negotiations is taking its toll upon the UK automotive sector, warns trade credit insurer Atradius. A new economic report by Atradius highlights that economic uncertainty has led to a 6% drop in new car registrations in the first half the year and a significant decline in investment; from £1.7bn in 2016…
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Independent financial services provider, Bibby Financial Services (BFS), has announced the expansion of its global headquarters in Banbury, North Oxfordshire, in line with its strategic growth plan. First moving to Banbury Business Park in 2016, BFS has now relocated its Construction Finance, Trade Finance and Export Finance divisions from Packington House, Horse Fair, to the…
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The winners of the second annual 2018 Credit & Collections Technology Awards have been revealed. There were sixteen winners from the eighteen Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation. The awards ceremony was held at Credit Services Association’s (CSA) annual Gala dinner at the…
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The winners of the second annual Credit & Collections Technology Awards were announced last night at the Credit Services Associations’s annual Gala dinner at the Crown Plaza in Stratford-upon-Avon. Eighteen winners from the Awards categories which are covered by four main headings of Credit, Collections, Credit & Collections services and Innovation were revealed. Stay tuned…
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SME funder Ultimate Finance has appointed three senior sales professionals to further strengthen support for SMEs in London and the South East. The new senior recruits are made up of Nick Haggitt, Head of Sales, Matthew Taylor, Senior Regional Director and Chris Mitcham, Regional Director. Between them, they bring more than 50 years’ experience in…
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Lending criteria sourcing provide, Knowledge Bank has announced that is now offering brokers the ability to perform criteria searches within two lending types: Bridging and Commercial. The addition of the new sectors has added over 9,000 individual criteria to the Knowledge Bank system taking the total criteria held by the system to over 70,000. This…
Read moreThe Government has announced new measures to boost funding for small businesses. The new laws aim to help small businesses against unfair contracts that stop them raising money from unpaid invoices were put to parliament yesterday. Small Business Minister Kelly Tolhurst put forward new laws to arm small businesses against unfair contracts that stop them raising…
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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 10% over the same period. The IT equipment finance and…
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The Government-backed Bank Referral Scheme since the scheme which was launched in November 2016 means that small businesses have been able to source more than £15 million in funding. The scheme allows small businesses rejected by high street lenders to source alternative finance through the referral scheme. The scheme has enable financial support to nearly 19,000 small…
Read moreHenry Howard Finance Group has announced it has appointed a new Group Chief Financial Officer (CFO). Mark Tweed will join Henry Howard Finance in October, where he will take up responsibility as Group CFO and Head of Legal. Tweed joins from Opel Vauxhall Finance, where he was held various pan European CFO and CEO roles…
Read morePeer-to-peer business lender, Assetz Capital, has announced the appointment of Chris Macklin as Chief Risk Officer. With over 35 years of experience at RBS/NatWest, including four years as head of complex customer management and strategic relationship management, Macklin brings to the company a wealth of knowledge and experience in strategic, credit and risk management within the financial…
Read moreUK Finance has published its July Business Finance update indicating that lending to manufacturers grew by 7.1 per cent in the last 12 months, in contrast to a wider 2.2 per cent contraction overall in UK business borrowing. Whilst K business deposits for non-financial companies grew by 1.9 per cent in the last 12 months. Commenting…
Read moreBibby Financial Services (BFS) has appointed Paul Stack as Commercial Director for Europe and Asia. Stack will oversee product, pricing and commercial strategy implementation across the regions, reporting into Richard Carter, CEO for Europe and Asia. Stack joined BFS in April 2015 as UK Product Director, tasked with driving the development, management and innovation of…
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