Asset & Invoice Finance

Aldermore exceeds £1bn in new business finance lending

Thu 2 Mar 2017

Aldermore has provided over £1bn in new lending to small and medium sized enterprises according to its annual financial results. In 2016 net loan growth in asset finance increased by 17% year-on-year to £1.6bn and invoice finance saw a 56% increase in profit. Carl D’Ammassa, group managing director of business finance at Aldermore, said:  “We […]

Bibby opens new office as it looks to grow in Wales

Mon 27 Feb 2017

SME funder Bibby Financial Services is opening a new office in Wales. The independent funder supports more than 10,000 businesses worldwide and has 18 offices throughout the UK. With ambitions to grow its client-base throughout Wales, the business has opened a new office at One Caspian Point, Cardiff Bay. Mike Freebury, who joined the company […]

Hitachi: SMEs unphased by uncertainty of Brexit

Mon 27 Feb 2017

Eight in 10 SMEs are predicting business as usual in the next three months, according to Hitachi Capital Business Finance. The poll reveals that 40% of SMEs anticipate growth in the three months to April 2017 – and a further 46% say they will continue as it is without significant growth or contraction. Following the […]

Midlands Asset Finance to contribute to 2017 Parliamentary Review

Mon 27 Feb 2017

Midlands Asset Finance has been selected to contribute to the 2017 Parliamentary Review, representing the finance sector. Director Sue Chapman, who set up the company in 2008, has been invited to submit a report about best practice, culture, and the challenges the business has faced over the past 12 months and how it has overcome […]

Aldermore bolsters invoice team

Wed 22 Feb 2017

Aldermore has increased its presence in the south of the UK with the appointment of Graeme Elliot to its invoice finance team. Graeme joins as a business development manager and reports to Stuart Baty, head of business development – south, invoice finance. With over twenty years’ experience providing finance to SMEs, Graeme joins from RBS […]

Bibby structures package for Surrey-based manufacturer

Tue 21 Feb 2017

Bibby Financial Services has agreed a £2.4m asset based lending package with Fixing Centre, a leading manufacturer of stainless steel anchors and fixings for the construction industry. Based in Woking, Surrey, Fixing Centre is a provider of stainless steel fabrication and high performance anchors and anchoring systems, used in construction and engineering projects throughout the […]

Changes expected at NACFB’s eighth commercial finance expo

Mon 20 Feb 2017

Changes have been announced ahead of the NACFB’s eighth commercial finance expo, including a change in location and new look members’ lounge. The expo will now be held at Hall 3a located near Birmingham International Station which is a larger venue than previous years. The NACFB have also added a new look members’ lounge to […]

One in seven want to become self-employed

Mon 20 Feb 2017

One in seven British workers want to become self-employed at some point in the future and more than a fifth say it has always been their ambition, an Aldermore report has found. The entrepreneurial dream is close for some, as one in 10 workers are looking to make the transition to self-employed in the next […]

SMEs missing out on asset based lending

Thu 16 Feb 2017

Small and medium sized enterprises (SMEs) lack information about the benefits of asset based lending according to a study by Close Brothers. Almost three quarters of SMEs did not know it was possible to secure finance on the basis of their turnover, rather than their credit rating. Two-thirds of SMEs said a bank loan or […]

Optimism among manufacturers rises at fastest pace for two years

Wed 25 Jan 2017

UK manufacturers are their most upbeat since January 2015, according to the latest Industrial Trends survey from the CBI. The survey of 461 manufacturer also reported that domestic orders have grown strongly over the last quarter, but export growth has dipped back. The survey shows that the pound’s tumble is pushing up import prices, but […]