Asset & Invoice Finance

Only 38% of SMEs understand invoice finance

9th May 2017 0

Only 38% of SME firms understand how invoice finance works according to Close Brothers’ latest business barometer. The research also revealed that more than half (57%) of these firms are not aware of any alternatives […]

Asset & Invoice Finance

Aldermore reaches £200m in block discounting

10th April 2017 0

Aldermore has extended over £200m in block discounting facilities to its clients. The bank launched its block discount offering in 2011 and provides facilities ranging from £1m upwards. Hywel Prewett, business development manager of wholesale […]

Asset & Invoice Finance

MarketInvoice sees successful Q1

10th April 2017 0

MarketInvoice achieved its best quarter and month of invoice finance funding since it started in 2011. The value of invoices funded was up 160% from £81.1m in Q1 2016 to £129.6m in the first quarter […]

Asset & Invoice Finance

Double appointment for Aldermore

28th March 2017 0

Aldermore has appointed Jon Flagg as risk director for asset finance and Clive Gould as risk director for invoice finance. Flagg has over two decades of asset finance risk experience, holding senior positions at National […]

Asset & Invoice Finance

Aldermore completes £500,000 facility

15th March 2017 0

Northamptonshire based Eureka Produce has agreed a new finance facility worth £500,000 with Aldermore. The independently owned business has seen a £3.2m growth in sales over the last seven years. Robert Hudson (pictured), managing director […]

Asset & Invoice Finance

Asset based finance up 13%

13th March 2017 0

Asset based finance to businesses is up 13% since last year hitting an all-time high of £22.2bn, the lastest figures from the Asset Based Finance Association have found. The figures were up £1.8bn from the £20.6bn […]

Asset & Invoice Finance

Lintott joins Aldermore

8th March 2017 0

Aldermore has appointed Rachel Lintott as head of internal sales and support for asset finance. Lintott has over 16 years of experience within financial services, beginning her career with Lombard in 2001, before spending the […]

Asset & Invoice Finance

Magellan added to Black Book Finance lender panel

7th March 2017 0

Magellan Homeloans has joined the Black Book Finance lender panel. Black Book Finance launched in November last year and assists brokers with both mortgages and seconds; commercial and development deals as well as asset and […]

Asset & Invoice Finance

UTB reports profit surge

2nd March 2017 0

United Trust Bank has reported a 36% increase in profits before tax to £20.7m. For the year ending 31 December 2016 the specialist bank increased its loan book by 42% to £617m, operating income rose […]

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