The specialist lending market in the UK has been bolstered with over £3bn of mergers and acquisitions activity in the first five months of 2017, according to research from debt advisory firm Livingstone. Some 19 transactions were took place across asset, property and personal finance during the first five months of 2017. The international mid-market […]
Nearly a third of SMEs (31%) want a new government that would reverse the Brexit decision, according to new research from Hitachi Capital Business Finance. The survey asked over 1,000 owners and directors of small and medium sized enterprises nationwide which policies a new government could enact to help their businesses grow. In Wales, which […]
Redwood Bank has made two senior appointments to its board. David Buckley has been appointed chairman and is a non-executive director, whilst Nigel Boothroyd will join as a non-executive director. Both Buckley and Boothroyd have extensive experience in the finance sector; with David having previous experience at Morgan Stanley and Goldman Sachs. Nigel spent 38 […]
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 to funding outside of traditional banking, Despite the lack of understanding towards alternative finance, 49% of SME leaders now believe […]
Octopus Property has completed £6.4m of loans with new distributor Black Book Finance within a single working week. The range of loans were secured against four assets and included an acquisition bridge loan to support a purchase in Woolwich and a refinancing in Wimbledon. D’mitri Zaprzala, head of sales at Octopus Property, said: “Having written […]
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 and structured asset finance at Aldermore, said: “Our block discounting business has achieved strong growth in recent years. “We’re keen […]
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 of 2017. What is more there were £54.7m of invoices funded from UK businesses in March. Anil Stocker, chief executive […]
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 Australia Bank and HSBC, and joins the bank from GE Capital. Gould has a similar wealth of experience, and brings […]
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 at Eureka Produce, said: “Eureka has gone from strength to strength since launch, however we took the decision to move […]
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 reported in the previous year. The ABFA said that a key driver of this rise is that the UK’s biggest […]