Credit, Collections & Insolvency News
Independent Growth Finance (IGF) has announced the appointment of three senior hires at its offices in London and Manchester with a new ABL Director and two Regional Sales Directors joining the firm. Jamie Gould will join IGF Business Credit as ABL Director for London and South East, Gould has over 35 years’ experience in the alternative finance…
Read moreSancus Finance’s Managing Director, Caroline Langron has been appointed Managing Director of FundingKnight Langron will continue in her role as managing director of Sancus Finance, which she has led since 2014. The appointment comes on the back of a business restructure which saw both Sancus Finance and FundingKnight’s owner, GLI Finance bring together a select…
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Bibby Financial Services (BFS) has appointed Sharon Wiltshire as UK commercial director. First joining BFS in 2001, Wiltshire brings 30 years’ experience in commercial finance, having started her career at RBS Invoice Finance in 1987. She has held a variety of operational and commercial roles with BFS, including operations director and managing director for the…
Read moreAldermore has announced the launch of Contract Finance, a new business finance funding solution allowing small and medium-sized enterprises (SMEs) to release working capital by advancing funds against their contractual billing. Contract Finance offers a flexible solution to businesses with an annual turnover above £250,000 which supply goods or services under contracts, typically over a set…
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Gener8 Finance has announced that it has agreed on terms to sell its invoice finance business to 1pm Plc, a stock market listed provider of asset based lending facilities to the UK SME sector. Asset Finance specialist, 1pm provides asset finance, business loans and related financial products for both hard and soft assets and has…
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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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