Credit, Collections & Insolvency News
Rob Lankey has been appointed as Interim Chief Executive Officer of the NACFB following the announcement on the 28th October 2016 that Adam Tyler is standing down after 11 years at the helm. Lankey starts with immediate effect to assist with the handover. Lankey, who left Aldermore at the end of June 2016 after nine…
Read moreThe latest figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 12% in September, compared with the same month last year – the thirty-sixth consecutive month of growth. In Q3 2016, new business was also up by 12% compared with the same…
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Supermarket giant Tesco has the worst payment performance amongst a list of the UK’s best-known retailers, taking an average of 105 days beyond terms to pay its suppliers. Iceland and Debenhams were the next two retailers on the list, taking an average of 75 days and 73 days beyond terms respectively to pay their suppliers.…
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A new government scheme to help small businesses turned down for loans find alternative means of finance launches today (1st November). Under the Government’s bank referral scheme, RBS, Lloyds, HSBC, Barclays, Santander, Clydesdale and Yorkshire Bank, Bank of Ireland, Danske Bank and First Trust Bank will be obliged to offer to pass on details of…
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ThinCats has appointed Damon Walford as its new Chief Development Officer. Walford will work alongside ThinCats CEO John Mould to help grow ThinCats’ existing business and capitalise on new opportunities, with a particular focus on originating loans and widening the platform’s network of sponsors across the UK. He has more than 20 years’ experience working…
Read moreAdam Tyler the Chief Executive of the National Association of Commercial Finance Brokers (NACFB), is to stand down after 11 years. An NACFB statement said “When Tyler arrived, the Association was run from a small office above a Gift Shop in Exeter with one member of staff looking after 400 members and 48 Patrons. Over the…
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Lendinvest has appointed Willem Wellinghoff as VP of Compliance. Wellinghoff is responsible for leading the compliance function, setting and maintaining LendInvest’s compliance and risk management strategy. He also serves as a member of the LendInvest’s Governance Committee for Compliance and Risk. Wellinghoff boasts extensive compliance experience having spent a decade at Cabot Credit Management, a leading credit services…
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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 18% in August, compared with the same month last year. New business reported by the commercial vehicle finance and business equipment finance sectors grew in August by 28% and 24% respectively, while…
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Sixty two per cent of a cross section of the UK’s insolvency industry believes that Brexit will lead to an increase in the number of business failures over the next 12 months, according to a survey conducted by international law firm Pinsent Masons. Over 400 insolvency practitioners attended th Restructuring and Insolvency conference, hosted by Pinsent…
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Santander has teamed up with Crowdfunder to launch a £200,000 fund to support social enterprises and community projects across the UK in a collaboration called Changemaker Fund.. This is the first time one of the UK’s largest banks has partnering with a crowdfunding platform. Community projects looking to support social change can present their ideas…
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http://www.cityam.com/250926/peer-peer-mortgage-lender-lendinvest-posts-133-per-cent
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The ONS released UK business figures which revealed that there were 2.55 million businesses registered in the UK in March 2016 compared with 2.45 million in March 2015, a rise of around 105,000 (4.3%). Tim Vine, Leader, Risk Products at Dun & Bradstreet said “These latest figures from ONS have demonstrated that the number of businesses in…
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Paragon Bank PLC’s asset finance division, Paragon Bank Asset Finance, has added to its business with the acquisition of one of the UK’s leading asset finance brokerages, Premier Asset Finance (Premier). Premier sources in excess of £100 million of lending per annum to a range of SME customers. Headquartered in Edinburgh, Premier has a national…
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