Credit, Collections & Insolvency News
The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase sectors, is to host the Credit and Collections Technology Awards at this year’s CSA Gala Dinner on 13 September. The co-branded event, which will form part of the CSA’s UK Credit and Collections Conference (UKCCC), reflects the Association’s growing recognition…
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SME finance monitor shows only 41% of SMEs seeking finance were confident the bank would lend to them in Q4 2017. Nic Beishon, Head SME of Commercial at Equifax, said “There are millions of companies in the UK with fewer than 10 employees and many who apply for finance often have a limited credit history –…
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Peer-to-peer (P2P) business lending platform ArchOver, has announced that Bill Johnston will join its board of directors as a non-executive director (NED). In his role, Johnston will support ArchOver in formularising its training and development programme, to ensure it has the right talent in place as it continues to scale. Bill Johnson said “In the…
Read moreFifty-five percent of UK SMEs are unable to access all funding needed to grow, and without the right knowledge or education on how to obtain it. Research from Liberis has found. Liberis report says that SMEs contribute more than £200bn a year; with this number expected to grow by almost 20% by 2025. The report…
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Aldermore, has appointed Sue Hayes to the newly created role of Group Managing Director of Retail Finance. Hayes will join the Bank in June. Reporting to Phillip Monks, Chief Executive Officer of Aldermore, Hayes will be responsible for managing the existing Bank’s mortgages and savings businesses as well as expanding into new areas. Since its…
Read moreWesleyan Bank has announced it has added to its management team the appointment of Simon Welling as Director of Sales and Marketing. Welling, who joins from Paragon Asset Finance, will report to the company’s Chief Executive, Steve Deutsch. Deutsch, Chief Executive of Wesleyan Bank, said: “Simon will play an instrumental role in the development and…
Read moreSmall and medium-sized enterprises (SMEs) are increasingly turning to alternative sources of financing, according to a new OECD report. The report also shows that new bank lending is declining in a number of countries. Many SMEs remain over-reliant on bank credit, however, and the take-up of instruments other than straight debt varies greatly from one…
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The British Business Bank’s has published its 2018 Small Business Finance Markets report reveals welcome evidence that the UK’s small businesses are diversifying in their choice of finance. Although still the predominant channel, there are encouraging signs that small businesses are looking beyond their main bank for finance and turning to alternative sources. The value of SME…
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Lex Autolease has appointed Ashley Barnett to Head of Fleet Consultancy. Barnett has 25 years’ experience in accountancy, with a focus on vehicle funding, company car policy and salary sacrifice schemes. He has spent 19 years in the Lloyds TSB group and previously worked within the Co-operative group. Managing Director of Lex Autolease, Tim Porter,…
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Alternative finance specialist ThinCatshas made two new appointments to its credit team. Rob Thompson to the newly-created role of regional head of credit for the North. Thompson’s role will accelerate the rate at which Thincats is able to structure and process loans, in the way that best addresses the needs of companies and investors alike.…
Read moreAldermore has announced the appointment of Caroline Luxmore as Head of Commercial Mortgages, a newly created role within the Bank’s Business Finance division. Luxmore has been at Aldermore since 2012 and previously held the role of Senior Lending Manager in the commercial mortgages team and brings over 20 years extensive commercial real estate and residential…
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Esme Loans has joined a handful of leading alternative finance firms in a partnership with a NatWest and Royal Bank of Scotland (RBS) programme designed to help businesses access alternative sources of finance. Esme Loans, a digital lending platform owned and backed by NatWest, allows small and medium-sized businesses to quickly obtain unsecured loans of…
Read moreRyan Maginess, director of Camereye Contracts, has been disqualified from acting as a director of a limited company for ten years. Maginess was the sole director of the company. The disqualification followed an investigation by the Insolvency Service and was ordered at Edinburgh Sheriff’s Court. The disqualification began on 11 January 2018. The investigation found that the company…
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