Asset & Invoice Finance

BFS structures £9.3m facility for SBZ Corporation

Tue 5 Dec 2017

SBZ Corporation, a global manufacturer and distributor of additives and chemicals for the oil industry, has received a £9.35m funding line from Bibby Financial Services (BFS) to grow its operations. The new funding provides a mixture of invoice finance (£7m), trade finance (£1.5m) and FX facilities (£150k). In addition to funding the UK business, BFS […]

MarketInvoice records successful month

Wed 5 Jul 2017

MarketInvoice has registered a record month of invoice finance funding since launching in 2011. June was the company’s busiest month funding invoices worth £64.2m, with the total number of invoices funded up 57.2% from £103m in Q2 2016 to £161.9m in Q2 2017. MarketInvoice Pro, the confidential invoice facility, is being held responsible in large […]

Specialist sector sees £3bn of M&A activity in just five months

Thu 15 Jun 2017

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 […]

Third of SMEs want Brexit reversed

Thu 8 Jun 2017

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 […]

Double appointment for Redwood Bank

Mon 5 Jun 2017

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 SMEs understand invoice finance

Tue 9 May 2017

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 completes £6.4m with Black Book Finance

Wed 19 Apr 2017

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 reaches £200m in block discounting

Mon 10 Apr 2017

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 sees successful Q1

Mon 10 Apr 2017

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 […]

Double appointment for Aldermore

Tue 28 Mar 2017

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 […]