Asset & Invoice Finance

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 […]

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 […]