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Aldermore choose Independent Age for 2018

Employees at Aldermore have chosen Independent Age, which offers free information and advice for older people and their families, as their Charity of the Year for 2018.

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New CEO at HTB

The Board of Hampshire Trust Bank plc has announced the appointment of Matthew Wyles as the Bank's new Chief Executive Officer.

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Santander helps maintain haulage momentum

Oldham-based HTF Transport Ltd has expanded its fleet following a significant asset finance facility with Santander Business Banking.

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Import costs push up price of car leasing

The cost of leasing a new car in the UK has risen by 9pct in just the last year, reveals new research by UHY Hacker Young, the national accountancy group.

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1pm boosts block discounting facilities

1pm plc has negotiated increased Block Discounting Facilities totalling £62 million. Combined with the £35 million facility with the British Business Bank this results in the Group having access in aggregate to £49.5 million of additional funding, and a total of £97 million in new and renegotiated facilities...

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Shire Leasing sees future in independence

Shire Leasing Plc has decided not to proceed with a possible sale of the company and has since undergone a restructure.

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Rivers does the double in FT1000

Rivers Finance Group, the holding company of Rivers Leasing Plc, has been ranked in the FT1000: Europe’s Fastest Growing Companies for the second year running, attaining number 391 in the list.

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White Oak agrees to acquire LDF

White Oak Global Advisors LLC (collectively “White Oak”) has agreed to acquire LDF Group (“LDF”). In acquiring LDF, White Oak will have over 22,000 active loans across more than 10,000 direct clients in the UK SME market,  as well as a national sales force in excess of 100 personnel across a variety of channels...

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Close Brothers takes high road to North Scotland

Close Brothers Asset Finance has announced that it has appointed industry specialist, Alistair McCallum, to take responsibility for The Angus, Aberdeen and North of Scotland, Moray and Inverness and Highlands and Islands areas. 

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Aldermore on track to find winning formula

Aldermore has just announced its commitment to sponsor teenage motor-racing sensation Jamie Chadwick, who is tipped to be the first female F1 driver in decades. The Bank will become Jamie’s principal backer for the British Racing Driver’s Club British Formula 3 Championship season...

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British Business Bank boosts 1pm

1pm plc has announced that it has signed an asset finance facility with the British Business Bank (“BBB”) under BBB’s ENABLE Funding programme that will provide £35 million of additional funding. The new facility increases the total funding facilities available to the Group to in excess of £155 million...

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Metro Bank helps horticulture to flourish

Metro Bank has recently announced that it has provided Newey Group with £10 million of senior debt, a £7 million invoice finance facility, £1 million of working capital, as well as a £500,000 asset finance solution. Newey Group is one of the UK’s largest and most advanced propagators and growers of protected ornamentals...

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Financial services partner with distributor Midwich

Office equipment distributor Midwich, which deals in audio-visual and document equipment, has launched a leasing product to complement its existing finance offer. The company has partnered with five financial services companies: BNP Paribas Leasing Solutions Ltd, Azule Ltd, Macquarie Bank Ltd, Paragon Bank Technology Finance Ltd and Xerox Finance Ltd...

 

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Aldermore comments on Spring Budget

Carl D’Ammassa, Group Managing Director, Business Finance at Aldermore, has commented on the Chancellor’s call for evidence into the issue of late payments in his Spring statement. He said, "As small businesses continue to face challenges in the lead up to Brexit, it is vital that they, as the bedrock of the UK economy, are paid on time and in full"...

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Arbuthnot Latham enters asset based lending

Arbuthnot Latham & Co. Limited, the private banking firm, has recently announced the launch of Arbuthnot Commercial Asset Based Lending Ltd...

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FLA launches Motor Finance Specialist apprenticeship

The Finance & Leasing Association ("FLA") has launched its Motor Finance Specialist apprenticeship to offer employment and training opportunities to those entering one of the UK’s fastest growing sectors. The launch of the apprenticeship is the culmination of 18 months of discussions between FLA members, brokers, dealerships and professional bodies...

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SAF receives £20m block drawing from Aldermore

Simply Asset Finance announced today (7 March 2018) that it has received a £20 million block discounting package from Aldermore, the specialist bank. The facility is believed to be one of the largest in the market...

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Global Leasing: UK sets sights on third place

White Clarke Group has released a report showing that the global leasing market grew 9.4pct over 2016, and that China showed the most significant growth, gaining on the USA and climbing by nearly 62 pct to US$206 billion in 2016. The United Kingdom and Germany remain the third and fourth largest leasing markets in the world and are the dominant players in Europe, accounting between them for fully 42pct of the European market total. 2016 saw the UK industry take US$81.77bn of new business (growth of 8.98pct compared with the previous year). It is worth remembering that Brexit negotiations had already begun to affect the market from Spring 2016...

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AGM messages from PCF

PCF Group plc ("PCF" or "The Group"), the AIM-listed specialist bank, held its Annual General Meeting on Friday 2 March in London. At the AGM, Chief Executive Scott Maybury made the following statement to shareholders...

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Consumer credit on menu at FLA Dinner

For many the events season really kicks off with the Finance and Leasing Association ("FLA") Dinner on 27 February. Guest speaker at this year’s dinner was Andrew Bailey, chief executive at the Financial Conduct Authority (“FCA”), and his speech focused on consumer credit. Since 2014 the FCA has been looking at developments in consumer credit to ensure that lending is affordable and sustainable. Andrew Bailey said, “Consumer credit is not a monolith” and explained that the FCA was intervening on specific products including credit cards, overdrafts and rent-to-own. He explained the FCA was "not looking to be prescriptive"...

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Significant pre-tax profits for UTB

United Trust Bank (UTB) has reported a 27pct increase in profits before tax to £26.4million for the year ending 31st December 2017. These strong results reflect another year of growth in lending and deposits during which the specialist bank exceeded £1billion of assets for the first time, as reported here at the time. Other highlights include a return on Average Equity of 27pct, while lending to customers grew by 40pct and customer deposits grew by 31pct. Gross income increased by 20pct. In October 2017 the Bank signed a ground-breaking agreement with the British Business Bank for a product known as the Enable Guarantee...

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Alphabet expands into Irish market

Alphabet International has extended its offering in the fleet services domain to 21 countries, with the addition of Ireland to its list of markets across Europe, Australia and China.

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Acquisition of LandKreditt Finans AS

BNP Paribas Leasing Solutions announced on Tues 13 February the signing of a Memorandum of Understanding for the 100pct acquisition of a Norwegian leader in agricultural leasing, Landkreditt Finans AS. This operation will be finalised by the end of the first half of 2018, subject to the agreement of the various supervisory authorities. With this acquisition, BNP Paribas Leasing Solutions is laying the first milestone of its expansion in the Nordic countries, reinforcing its position as Europe’s leading leasing company.

 

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Catch up with Basel 3/4, IFRS16, aircraft, systems

International and EMEA leasing news is available on the Leasing World International APP for iPad, iPhone, and Android devices, and is free to download. For those looking to view on their PC . .

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Implementing IFRS16

Ultimate IFRS16 session . .

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Leaseurope launches SME Roundtable

Leaseurope is launching a series of roundtable meetings across Europe to discuss leasing as a key source of finance for SMEs. The aim is to explore the national SME financing landscape and improve the understanding of leasing as a valuable form of investment finance, as well as identifying any potential obstacles hindering its use by local SMEs and how these could be tackled at national and ultimately European levels . .

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New International CEO at Bibby

Independent business funder, Bibby Financial Services (“Bibby”), has announced that Steven Box has taken on the role of International Chief Executive Officer. In addition to Bibby’s European businesses, as of 1 January 2016 he is responsible for operations in Canada, USA, India, Hong Kong, Singapore and Malaysia . .

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dll sale rumours

It has been widely trailered in the Dutch and international press that Rabobank Group is in preliminary talks with banks, institutional investors and private-equity firms that may bid for its leasing unit, De Lage Landen International BV, in a sale that may fetch as much as €4.5 billion, according to various sources.

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Leaseurope appoints Leon Dhaene

Leaseurope, the trade association representing the European leasing and automotive rental industries in Europe, has announced that its Board of Directors has unanimously appointed Leon Dhaene as Director General effective 1 December 2015. Leon Dhaene succeeds Tanguy van de Werve who left Leaseurope to join AFME, the Association for Financial Markets in Europe, to head their Brussels Advocacy Office.

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LeasePlan world leader

LeasePlan Corporation N.V has reached a record level of 1.5 million vehicles worldwide, a landmark it considers as confirming its global market leadership . .

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A small community, a very big business

How much does it cost to get into a highly paid career in leasing, that has a touch of glamour about it? There is a way, so how might one go about it? 

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Don’t try fiddling leases in Vietnam

In Vietnam, the HCM City People's Court has handed down death penalties to two former executives, one a leasing executive, for embezzling the equivalent of approximately $5.2 million and abuse of power while running state leasing companies.

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Sword Apak’s 3rd Italian win

Agos Ducato (a subsidiary of Credit Agricole Consumer Finance) has become Sword Apak’s third Italian based client to date. Expanding its wholesale operations in Italy by introducing main dealers into its business portfolio, Agos needed a robust platform to support its expansion plans. Having reviewed the options, it selected Sword Apak to implement its state-of-the-art Wholesale Floorplanning System (WFS) v6. This is the second implementation for Sword Apak under the Credit Agricole umbrella with Netherlands based bank Ribank already a well-established WFS client . .

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Car paranoia for legal eagles?

Supposing a firm leases a fleet of cars from a lessor, and overnight all those cars have to be recalled for the same fault. The usual lease agreement says the lessee has to keep paying whether the asset is available to use or not. 

But what if the lease is through the car manufacturer’s leasing captive?

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They should have googled it?

Did Google google their new name Alphabet before adopting the new handle? Because within a few hours of receiving the Google Alphabet announcement, our editor’s office received a terse email from Munich saying, “As being reported in the media, Google has founded a holding company called Alphabet. The website www.alphabet.com is owned by BMW Group . .

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Job Board

Collections Manager – Asset Finance - The Oakland Partnership
Junior Credit Underwriter – Financial Services - The Oakland Partnership
Experienced Collections Account Manager – Financial Services - The Oakland Partnership
LEASING PROFESSIONALS WANTED TO JOIN TOP ASSET FINANCE RECRUITER - The Oakland Partnership
Internal Sales Coordinator – Asset Finance / Leasing - The Oakland Partnership
Credit Underwriter – Asset Finance industry - The Oakland Partnership
SALES SUPPORT OPPORTUNITY – FINANCIAL SERVICES - The Oakland Partnership
Head of Liquidity & Market Risk - THC Recruitment
Customer Relationship Manager - THC Recruitment
Underwriter - Asset Finance - THC Recruitment
Account Manager - THC Recruitment
Lease Administrator - THC Recruitment
Credit Controller/Collections Executive - THC Recruitment
Head of Sales – Consumer Finance - THC Recruitment
Area Development Manager - Asset Finance - CBC Resourcing Solutions
Business Development Director - Commercial Banking - CBC Resourcing Solutions
Business Development Manager - Asset Finance - CBC Resourcing Solutions
Sales Support Administrator - Asset Finance - CBC Resourcing Solutions
Business Development Manager - CBC Resourcing Solutions
New Business Administrator - CBC Resourcing Solutions
Internal Broker Manager - Asset Finance - CBC Resourcing Solutions
J2283 - Legal Recoveries Assistant - UK, Thames Valley / SE Eng - Asset Finance - New Leaf Search
J2277 - Corporate Sales Executive - UK Flexible (SW Eng preferred) - Asset Finance - New Leaf Search
J2269 - Senior Account Manager, IT - UK, S Eng - Asset Finance - New Leaf Search
J2241 - Team Leader, New Business Processing - UK, SE Eng / Thames Valley - Asset Finance - New Leaf Search
J2281 - Customer Support Specialist - UK, Gtr London / SE Eng - Asset Finance - New Leaf Search
J2280 - Inside Sales Executive, Hard Assets - UK, Gtr London / SE Eng - Asset Finance - New Leaf Search
J2279 - Internal Account Executive - UK, NW Eng - Asset Finance - New Leaf Search
- Robinson Toms Recruitment
Business Development Managers – Volume Dealer Driven Asset Finance – Nationwide – Base salary range to £65,000 on target earnings + 25% commission quarterly paid and with uncapped potential plus £750 a month car allowance plus benefits - Robinson Toms Recruitment
UK Sales Director – Dealer Introduced Asset Finance - Location flexible – Salary range to £130,000 , on target earnings £200,000 plus generous cash car allowance and benefits. - Robinson Toms Recruitment
Credit Manager – Asset Finance – Manchester – Salary range up to c£60,000 plus company car, bonus up to c20% plus all usual large company benefits. - Robinson Toms Recruitment
Financial Services Manager – Hard Assets – Surrey located / EMEA wide remit – salary range up to £70,000 + c£7,000 cash car allowance + typically 15% of salary bonus plus all usual large company benefits. - Robinson Toms Recruitment
Head of New Business Management – Asset Finance - Hampshire – Salary range to £70,000 plus discretionary bonus of up to 50% of salary plus all usual large company benefits. - Robinson Toms Recruitment
Business Development Manager – Construction & Recycling Asset Finance – Central Southern England Salary range up to c£50,000 plus up to 8% of gross profit paid on every deal paid monthly & paid on every transaction plus volume bonuses to £45,000 a year - Robinson Toms Recruitment
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