Midlands Asset Finance, has launched a programme that sees its online platform, Asset Finance Compared, partner with vendors across the country. The programme has been developed to enable suppliers and their end-customers to access a fast pricing engine and an immediate credit-decisioning process to increase the volume of sales. The platform also provides the supplier […]
Some 39% of brokers believe demand for asset finance funding will continue to increase this year, according to a recent ‘broker sentiment’ poll, carried out by United Trust Bank. In addition to the 39% who expect demand to increase, 25% of brokers expect demand from SMEs for asset finance to stabilise and 8% feel activity […]
Some 36% of brokers working in the fields of property and asset finance believe that the majority of their customers have a negative view of the UK’s economic outlook for the next three years, according to research from United Trust Bank. Just 20% indicated that most of their customers took a positive view whilst 40% […]
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 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 […]
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 […]