Asset & Invoice Finance

Invoice Cycle launches subscription based platform

Tue 5 Apr 2016

Invoice Cycle has launched a new platform, offering small and medium enterprises working capital financing solutions. The London-based invoice financing firm claims to be distinct from other UK platforms, in that it mainly targets businesses with a subscription-based sales model. Invoice Cycle collects the subscription income once it’s paidand guarantees advances of up to 6 months of […]

1pm buys Bradgate Business Finance

Mon 4 Apr 2016

Asset finance specialist 1pm has bought Bradgate Business Finance in a deal worth up to £2.75m. BBFL provides asset finance for clients buying business equipment in the construction, recycling and haulage sectors. The purchase price includes an initial £2.2m payable in cash on completion with up to £550,000 in shares over the next three years subject […]

New chairman for ABFA

Tue 29 Mar 2016

The Asset Based Finance Association (ABFA), the body representing the asset based finance industry in the UK and the Republic of Ireland, has announced the appointment of Martin Cooper as its new chairman. Cooper is senior vice-president of operations at Firstsource, a business process management provider to organisations in the financial services, banking, insurance, healthcare, telecommunications […]

Survey reveals threat of bogus invoices

Mon 14 Mar 2016

Almost three quarters of UK businesses have received bogus invoices in a sign of the threat of fraud businesses face from cyber criminals, data from the Institute of Directors has found. The IoD surveyed 980 of its members and found that 72% said they had received bogus invoices. One in eight IoD members “experienced damage due […]

Positive Cashflow Finance acquired by management team

Mon 14 Mar 2016

Bosses at Positive Cashflow Finance, the Manchester-based lender, have taken over the business after acquiring the remaining 20% stake held by Infinity. Private equity firm Infinity took a 55% stake in the business back in December 2007, when it was a startup, with an investment of £2m. Three years ago, Manchester-based Infinity’s stake dropped to […]

Investly launches P2P invoice finance platform

Tue 26 Jan 2016

Investly has launched a peer-to-peer lending platform targeting UK SMEs. Investly is an invoice finance platform similar to market leader MarketInvoice. As part of the UK launch, Investly is offering the 20 first accepted companies the chance to sell an invoice worth up to £5000 discount free. Investly explains it has simplified the invoice financing process […]

MarketInvoice: SMEs turning away from banks

Thu 21 Jan 2016

MarketInvoice, a peer to peer lender that provides cash flow finance, is pointing to data that indicates London SMEs are moving away from banks and towards online lenders. According to MarketInvoice, information from the British Bankers Association (BBA) shows new loans to London SMEs crumbled 40% in Q3 of 2015. The report continues to explain […]

Aldermore backs recruitment firm

Thu 21 Jan 2016

An Essex-based construction recruitment firm is set for further growth after agreeing a new banking facility to “boost business and lend further support to the UK housing market”. Mansion Recruitment was established and is run by Carl Webb, an “experienced and well-connected” recruiter with a background in the construction industry. Having launched the company in […]

Platform Black boosts alternative finance team

Thu 21 Jan 2016

Platform Black, a provider of alternative finance to UK businesses, has expanded its team, signalling continuous growth and increasing demand in the sector. The three new hires bring significant invoice trading and supply chain finance expertise and will support the company, which has provided £117 million in working capital to UK SMEs to date. Helen […]

Finance group is a breath of fresh air for Liverpool ventilation specialist

Thu 21 Jan 2016

A Liverpool firm has installed ventilation systems on three floors of London’s iconic Shard for the world’s largest private health provider, thanks to a financial package with an invoice finance specialist. URICA provides funds against invoices but differs from conventional factoring by, instead, paying cash to the supplier, up front. It has enabled AG Vent […]