Credit, Collections & Insolvency News
An independent study commissioned by Dun & Bradstreet reveals a UK business community that believes it has already lost out due to the EU referendum. When asked how the Brexit process has affected business finances, 43% of business leaders say they have felt a negative financial impact since the Brexit vote. More than a third…
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The Federation of Small Businesses (FSB) is calling on the Government to accept a raft of public procurement reforms that will promote supply chain best-practice and unlock the potential of the UK’s 5.7 million small businesses. Data from the latest FSB report, ‘Chain Reaction: Improving the supply chain experience for smaller firms’, shows that 25%…
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The Number of new loans to SMEs has increased in Quarter 1 according to new figures from UK Finance Commenting on the data, Stephen Pegge, Managing Director, Commercial at UK Finance said “The number of new approved loans to SMEs grew slightly in the first quarter of the year, driven in part by increased demand…
Read moreHampshire Trust Bank has announced that Alex Upton is to join the bank at the beginning of July as Sales Director, Specialist Mortgages. Upton will be working closely with Matthew Wyles, the Bank’s recently appointed Chief Executive in shaping the bank’s push into specialist lending. Matthew Wyles said: “I’ve worked with Alex since 2013 and…
Read moreMarketInvoice has announced that it has appointed Rija Javed as its Chief Technology Officer (CTO). Javed joins from Wealthfront, a leading Silicon Valley based start-up. Javed becomes one of the first female CTOs at a fintech in the UK, breaking another glass ceiling for women in finance. In the role, she will be responsible for…
Read moreNew figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 7% in April, compared with the same month in 2017. New business in the plant and machinery finance and business equipment finance sectors was up by 13% and 18% respectively, while commercial…
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BNP Paribas Asset Management announced that its SME (Small & Medium-sized Enterprise) Alternative Financing platform has completed its first transaction, a six-year senior unsecured amortising loan. The loan will enable a specialist recruitment services company based in the West of England to support its business growth. SME Alternative Financing offers BNPP AM’s client base differentiated and…
Read moreAlternative business lender ThinCats has announced that it has appointed Greg Beamish to join ThinCats credit team as Head of Credit. Beamish joins with twelve years of investment experience ranging across secured credit to distressed equity, with the latter 8 years focused firmly on the SME space. His experience comes through working at institutions including…
Read moreLatest statistics from the UK Finance’s business finance for April 2018 has revealed that UK business borrowing contracted slightly by 1.7 percent in the last 12 months. However, within industry sectors, there was a mixed picture with manufacturing maintaining strong growth at 8 percent while construction contracted by 6.3 percent in the year. In addition, UK business deposits grew…
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The number of small firms planning to decrease investment has hit an 18-month high, according to new research from the Federation of Small Businesses (FSB). It was announced on Friday that UK business investment fell to £46.1 billion between Q4 2017 and Q1 2018. Seven in ten (69%) small firms are not planning to increase…
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Latest figures released by the Association of Short Term Lenders (ASTL) from its bridging lender members for Quarter 1 2018 have exceeded the outstanding figures for Q4 2017 when for the first-time quarterly completions exceeded £1 billion. Annual completions are now close to £3.8 billion. The value of loans written for the quarter ending 31…
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Alternative finance specialist, ThinCats, has announced that Tony Smedley has been appointed as Head of Sales Operations, and Richard Wilson as Head of Marketing. Smedley has most recently been supporting businesses in the finance sector who are preparing for start-up and subsequent growth. He brings 20 years of experience in leading teams in the business…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) fell by 5% in March, compared with the same month last year, and by 3% in Q1 2018 overall. New finance for business equipment grew in March by 13% compared with the same month…
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