Credit, Collections & Insolvency News
Aldermore 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 moreThe manufacturing sector is acting as the primary driving force behind business confidence in the UK, according to the latest results (Q1 2017) from the UK’s Credit Managers’ Index (CMI). The Index – which is the quarterly barometer of the Chartered Institute of Credit Management (CICM) – also reports a reduction in market volatility with…
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Aldermore, 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 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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The Board of Market Operator Service Limited (MOSL) has announced the appointment of Chris Scoggins as Chief Executive following a competitive recruitment process. The appointment follows an announcement in March this year that MOSL’s current Chief Executive, Ben Jeffs, would be stepping down. Scoggins is an experienced business leader who has worked at board level…
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The smallest businesses should not be excluded from plans to cap ‘rip off’ energy bills, according to the Federation of Small Businesses (FSB). A price cap for the 17 million households on variable standard tariffs would deal a double blow to microbusinesses – these firms are the most vulnerable and so deserve protection. Under today’s…
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Software financial specialist Rimilia has announced the appointment of Stephen Halliday as Head of Development. Rimilia Managing Director Chris McGibbon said; “It’s great to have Stephen on board at a very exciting time as Rimilia solutions continue to develop at a rapid pace. Stephen’s experience and drive will enable us to continue to deliver innovative…
Read moreClose 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…
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