Time Finance appoints Head of Compliance

17th May 2022 Appointments | #appointments

Time Finance has announced that they have appointed Sean Hughes as Head of Compliance. Hughes brings over 10 years’ experience to the role having built a credible career within the financial services sector. During his time at firms including Thistle Initiatives Group, BNY Mellon, Atlanta Group and Time Finance Sean has played a hands-on role…

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Time Finance appoints Head of Operations

3rd May 2022 Appointments | #appointments

Time Finance has announced that it has appointed Helen Wheeler as Head of Operations in its Invoice Finance team.  Wheeler brings over 25 years’ experience to the role and will assume responsibility for overseeing operations and helping the team to continue to deliver a market-leading Invoice Finance service to UK business owners. Prior to Time…

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UK tech incorporations increased by 62% in 2021

28th April 2022 Commercial Credit Management |

The number of new tech companies incorporated in the UK jumped 62 per cent in 2021, according to new analysis by leading audit, tax and consulting firm RSM UK. A total of 38,240 tech businesses were incorporated in 2021 according to an analysis of data held by Companies House, up from 23,579 in 2020. London…

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New fintech launches access to cash for business solution

27th April 2022 Commercial Credit Management |

A new Fintech, Saltare has launched with the aim of improving cashflow, strengthen supply chain relationships and give more certainty over their payments. The company says it was born out of the knowledge that 82% of businesses fail not because of lack of profit, but through lack of cash. Yet, recent studies suggest UK SMEs…

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Bibby and Azets announce SME partnership

International SME funder, Bibby Financial Services (BFS), and regional accountancy and specialist SME business advisory firm, Azets, have announced a strategic partnership to provide whole-turnover invoice finance facilities.  The agreement will see BFS become Azets’ preferred partner for funding facilities up to £250,000, enabling its network of 3,500 accountancy and advisory specialists to access working…

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Creditsafe acquires Graydon

Global credit data and risk intelligence specialist, Creditsafe has announced the acquisition of Graydon. Graydon has been in operation for over 130 years and has been for the last 5 years a 100% subsidiary of Atradius the leading global credit insurer. Graydon is the market leader in B2B information services in the Netherlands and Belgium,…

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Time Finance appoints Director of Asset Finance

Specialist asset-based lender, Time Finance has announced that they have appointed Steve Nichols as Director of Asset Finance. Nichols assumes overall responsibility for the operation and performance of Asset Finance for the business and will become a member of the Operating Board.  Nicols succeeds Carol Roberts as part of a planned progression and the two…

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Rural Finance, Sopra Banking Software and BNP Paribas Leasing Solutions agree partnership

21st January 2022 Company News |

A new collaboration between Rural Finance, Sopra Banking Software and BNP Paribas Leasing Solutions has created a new immediate financial approvals process. The solution developed is an API interface between Sopra Financing Platform’s Sprint broker platform used by Rural Finance and the existing BNP Paribas Leasing Solutions’ technology, also designed by Sopra Banking Software. Rural…

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Businesses write off £8 in every £100 as uncollectible

Businesses are reporting that they are losing £8 for every £100 billed in the last year due to the non-payment of invoices, according to the research by trade credit insurer Atradius. The research barometer reveals nearly half (44%) of the total value of UK B2B sales were reported overdue this year and a further 8%…

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Recognise Bank appoints new MD of Commercial Banking

2nd December 2021 Appointments | #appointments

New SME lender Recognise Bank has appointed Ian Workman as its Managing Director (MD) of Commercial Banking. Workman joins from Barclays Bank where he spent the bulk of his 30-year career in financial services, the last five years of which he was Head of SME Banking Relationships in the UK. He will oversee Recognise Bank’s…

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Azzurro Associates joins The Lending Standards Board

24th November 2021 Company News |

The Lending Standards Board (LSB) has announced that commercial debt solutions provider, Azzurro Associates (Azzurro), has become a registered firm with the LSB‘s Standards of Lending Practice for business customers. Azzurro provides liquidity options to the commercial credit sector and is the custodian of a large inventory of business debts. Achieving full registration signals their…

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Bibby Financial Services announces new central London office opening plans

23rd November 2021 Business Lending |

independent invoice financier, Bibby Financial Services (BFS), is to open a new central London office as it looks to grow its support for SMEs and intermediaries in the South East of England. BFS’s new premises are located at 30 Crown Place in the heart of the City, between Liverpool Street and Moorgate stations. Speaking of…

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Atradius promotes Account Manager

9th November 2021 Appointments |

Trade credit insurer Atradius has announced that it has promoted Chris Williamson to Senior Account Manager within its Cardiff-based strategic accounts team. Williamson returns to Wales for the new role after nearly three years at Atradius’ Northern Hub as business development manager, where he was responsible for developing broker relationships and underwriting new business policies.…

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