Credit, Collections & Insolvency News
SMEs are increasingly concerned over their ability to gain funding in the run up to Brexit, a survey has revealed. The study, commissioned by specialist insurer Hiscox, has found that recent economic and political uncertainty has adversely affected business confidence, and caused concern for the future as Britain’s withdrawal from the EU becomes nearer. This…
Read moreManufacturing continues as the principle driving force behind business confidence in the UK, according to the latest results (Q2 2017) from the UK’s Credit Managers’ Index (CMI), the quarterly barometer from the Chartered Institute of Credit Management (CICM). The 1.3-point rise experienced in manufacturing sees the Index close at 64.0, another all-time CMI high. The…
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New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 16% in June, compared with the same month last year, and by 12% in the second quarter of 2017 overall. The plant and machinery finance and IT equipment finance sectors reported new…
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Credit insurer Atradius has released a new trade report covering the Middle East and Northern African (MENA) economies. Alun Sweeney, Country Director for UK & Ireland at trade credit insurer Atradius, said: “Businesses are constantly striving to seek new trade opportunities, and build trading relationships, whether as a potential export or import partner. However, success…
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Business Peer to Peer lender ArchOver has appointed Nick Jones as Regional Director. He will be responsible for growing the business’s network of borrowers across the Thames Valley and Chiltern areas as part of ArchOver’s aim to lend more than £60 million by the end of the year. Jones brings nearly 40 years’ experience in banking…
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Business finance company MarketInvoice, the business finance company, reveals insights from a survey of businesses on their funding needs and wider concerns. When it comes to making business funding decisions, over half (56%) of business leaders reported that accountants are their most important external advisers when considering business finance options. They are twice as important to…
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Trade credit insurer Atradius has published an economic research report on South Africa, following the news that the nation has officially entered a recession. The paper, entitled ‘South Africa: More vulnerable to changes in market sentiment’, is designed to brief businesses on the background to the current economic crisis facing the country and assessing its…
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Business Peer to Peer lender ThinCats has announced that the company has been granted full authorisation by the Financial Conduct Authority. The company says that authorisation paves the way to offering a full spectrum of smart investment products, with a number of developments planned including the launch of a ThinCats ISA, subject to obtaining ISA manager…
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Amicus Property Finance has announced a record month of lending in July at £72 million. The firm has cited a confident and buoyant short-term property lending market as well as having expanded its offering further across the country with the opening of the Manchester office last year as key factors. July’s record figure covers a regional…
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LendIt Europe, Europe’s fintech and lending conference, and Startupbootcamp FinTech, the leading global FinTech accelerator, have today announced the judging panel for thesecond annual PitchIt Europe competition. Representatives from Venture Capitalists: Seedcamp, Blenheim Chalcot, CommerzVentures, and Balderton Capital will form the judging panel of experienced VCs from and around Europe. Collectively, these four firms are…
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The Competition and Markets Authority (CMA) has announced new support for consumers and small businesses experiencing unexpected banking fees. From today, two important changes come into force to make it easier to know what charges consumers and companies might face. Firstly, the CMA is forcing banks to be more transparent about the cost of overdrafts and…
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New research from Hitachi Capital Business Finance has revealed that three in ten SMEs (29%) did not believe that the new Government will do anything in the near future to help their businesses grow. The poll asked owners and directors of over 1,200 SMEs nationwide what actions they had faith that the new Government would…
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TSB has announced the appointment, subject to regulatory approval, of Richard Davies as Commercial Banking Director – a newly created role within TSB’s Executive Team to spearhead the Bank’s ramp up in business banking. Richard will join TSB at the end of 2017. TSB’s Chief Executive Officer, Paul Pester, said “Nearly four years since launch, TSB…
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