Asset & Invoice Finance

Aldermore completes £500,000 facility

Wed 15 Mar 2017

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 up 13%

Mon 13 Mar 2017

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 […]

Lintott joins Aldermore

Wed 8 Mar 2017

Aldermore has appointed Rachel Lintott as head of internal sales and support for asset finance. Lintott has over 16 years of experience within financial services, beginning her career with Lombard in 2001, before spending the last 13 years supporting the development of Deutsche Leasing’s UK business. During her time at Deutsche, Lintott held several senior […]

Magellan added to Black Book Finance lender panel

Tue 7 Mar 2017

Magellan Homeloans has joined the Black Book Finance lender panel. Black Book Finance launched in November last year and assists brokers with both mortgages and seconds; commercial and development deals as well as asset and invoice finance and specialist wrap services for new and existing landlords. Black Book Finance will offer a packaging service for […]

UTB reports profit surge

Thu 2 Mar 2017

United Trust Bank has reported a 36% increase in profits before tax to £20.7m. For the year ending 31 December 2016 the specialist bank increased its loan book by 42% to £617m, operating income rose 29% to £40.8m and customer deposits grew by 46% to £664m. Gross income was £56.3m and return on equity was […]

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 […]