Credit, Collections & Insolvency News
UK Finance has released its latest Business Finance update for July 2018 which has revealed that lending to manufacturers grew by 7.4 per cent in the last 12 months, in contrast to a wider 2.1 per cent contraction overall in UK business borrowing. UK business deposits for non-financial companies grew by 1.5 per cent in…
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Alternative business lender, Spotcap has announced Sophie Peacock as the winner of the Fintech Fellowship for 2018. Running for its second consecutive year, the Fellowship awards one UK-based masters or MBA student with a £8k scholarship. By supporting aspiring talent, the initiative aims to plug the fintech skills gap by raising awareness of career opportunities in…
Read moreA new poll commissioned by British Business Bank, the UK government-owned economic development bank, has revealed one in three (33%) smaller business owners want to grow their businesses but are unsure on how best to achieve that growth. Often, smaller businesses want to grow but just don’t consider, or know of, the alternative finance options available…
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Peer-to-peer lender, Assetz Capital, has agreed on a deal with Connect for Intermediaries to be the first network that it distributes its products through. Assetz Capital provides commercial loans, development finance, bridging and buy-to-let to brokers who are part of its specialist network or use the Connect for Intermediaries packaging arm. It will provide both first and second…
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More than two-thirds of small business owners (67%) are working on plans to deliver growth in the next three months. This represents a rise from this time last year (61%) and in every English region, there is an increase in the proportion of small businesses now working on an action plan for growth. The new…
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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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