Credit, Collections & Insolvency News
Richard Jones has been named as the new chairman of the Finance & Leasing Association (FLA). Jones, Managing Director at Black Horse, was already a board director at the FLA before taking on the chairman role. Jones the Managing Director at Black Horse, He has replaced outgoing chairman Nigel Clibbens, whose term has ended. Stephen Sklaroff,…
Read moreAldermore, has announced the appointment of James Pigrem as Business Development Manager within the Manufacturer & Dealer Services team in its Asset Finance division. Pigrem has over 13 years’ experience in the industry, most recently working for GE Capital Equipment Finance where he held variety of roles. James was a member of the field-based sales team…
Read moreKPMG and peer-to-peer (P2P) lending platform Twino have released the first ever Alternative Lending Index (ALI). The report compares lending environments across Europe over the period 2010- 2016. The ALI uses information gathered from the European Central Bank and Eurostat, as well as the central banks of the countries outside the Euro area. The Index provides a scale…
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New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in March, compared with the same month last year, and by 9% in Q1 2017 overall. For deals of up to £20 million, asset finance new business in March grew…
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IGF has announced the appointment of two new Regional Sales Directors across Yorkshire and the Midlands. IGF welcomes Danielle Hodgson as Regional Sales Director for the firm’s Invoice Finance division, covering Yorkshire & the Humber. As the main contact for IGF’s clients in the region, she is responsible for developing relationships with existing and potential SME…
Read moreThe British Business Bank should be readied to replicate the current role of the European Investment Bank (EIB) and European Investment Fund (EIF) in supporting small business finance markets once the UK has left the EU, according to the Federation of Small Businesses (FSB) Brexit in a new report. Under FSB’s new proposals, the British…
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Billions of pounds in EU funding dedicated to supporting small firms must be replaced to avoid the risk of an economic slowdown post-Brexit, according to the latest Federation of Small Businesses (FSB) report. FSB is calling on the new Government to seize the opportunity presented by Brexit to radically reform England’s business support landscape. Its…
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The Centre for the Study of Financial Innovation (CSFI) has published a new report examining the growth of Peer to Peer and how it is been used by small businesses and investors. In the report, Andy Davis looks at the explosive growth of new sources of finance for small businesses over the past five years represents…
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Close Brothers has announced the acquisition of Novitas Loans. Novitas is a leading provider of loans to the legal sector and will become part of Close Brothers Invoice Finance and Rentals, led by David Thomson. Novitas specialises in providing working capital for law firms and also loans to their clients purchasing specific legal services, from divorce…
Read moreBibby Financial Services (BFS) has appointed Craig Durnell as Managing Director for its export finance business. First joining BFS from RBS in 2014, Craig has held a variety of roles at the independent funder, including head of operations, and most recently, head of South West business centre. Prior to joining RBS, Craig spent more than…
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Peer to Peer lender Kulfink has received full FCA regulation. The accreditation marks a milestone seal of approval for the Kuflink Group, validating the company’s founding premise of customer-centric transparency, financial security and premium industry service as a paramount objective. Kuflink is part of the Kuflink Group, which is also compromised Kuflink Bridging. Launched in December 2011, the company is a lender in the…
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The Peer-to-Peer Finance Association (P2PFA) has published lending volume figures for its nine-member platforms for the first three months of 2017. The associations says ” the figures underscore the continued development of the sector with the maintenance of impressive expansion in lending volumes and investor participation.” With cumulative levels of lending at almost £8.5 billion,…
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The British Business Bank today announces that it is providing a £37.4m facility to Shire Leasing to increase its funding to smaller businesses for the acquisition of business-critical assets. The transaction is being made under the Bank’s ENABLE Funding programme, which aims to increase the supply of funding to smaller businesses in the UK. The…
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