In this week's Long Read, Contributing Editor Allan Foad revisits recent articles covering firms who have been brought down by a combination of poor corporate governance and fraud, with a specific focus on three companies: Patisserie Valerie, London Capital & Finance, and Greensill Capital...
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Half of all local authorities now have an electric vehicle charging strategy in place, but only a tiny proportion are talking to fleets about their needs. The latest Fleet Friendly Charging Index from the BVRLA shows that 49pct of local authorities have a plan in place, up from 37pct last year...
read more...Haydock Finance, specialists in supportive business finance, partnered with The Wish Centre as a headline sponsor for the for the ‘Wish Upon a Star’ fundraising ball held at the Dunkenhalgh Hotel which raised over £10,000 for the charity. The funds raised at the Ball will play a vital role in providing support to over 3800 people each year...
read more...Novuna Business Finance has launched its first-ever Sustainability Business Podcast which will be available to download from tomorrow, Thursday 14 March. The first in a series of Podcasts planned this year, it is designed to spark meaningful conversations to support SMEs in their journey towards achieving Net Zero targets...
read more...Steve Cocks of Lex Autolease was named as the latest recipient of the Freddie Aldous Outstanding Contribution Award. Presented at last Thursday's BVRLA Annual Dinner. Each year, and in memory of the BVRLA Honorary Life President who passed away in 2017, the Freddie Aldous Outstanding Contribution award goes to a true advocate that is helping to drive the BVRLA and its members forward...
read more...The Asset Finance Professionals Association (“AFPA”) Trust, a charitable organisation in the UK dedicated to establishing itself as the leading charitable entity within the asset finance and leasing industry, celebrated a remarkable success with its first ever International Women’s Day Networking Lunch on Friday 8 March...
read more...Shire Leasing PLC has today proudly announced a major milestone in its strategic growth plan, with gross receivables surpassing £200 million. CEO of Shire Leasing Mark Picken (pictured) described the achievement as "testament to Shire Leasing’s position as an innovative, forward-thinking funder within the asset finance market...”
read more...Today (Friday 8 March) is International Women’s Day, and so it’s a good time to honour and celebrate women past, present and future. Helena Thernstrom, Leasing Foundation board member and inclusion lead (pictured), said, “This year’s IWD theme ‘Inspire Inclusion’ is incredibly close to my heart..."
read more...Figures published this morning by the Finance & Leasing Association (“FLA”) show that total asset finance new business (primarily leasing and hire purchase) grew in January 2024 by 8pct compared with the same month in 2023. In the twelve months to January 2024, new business was 12pct higher than in the same period in 2023.
read more...The British Vehicle Rental & Leasing Association (“BVRLA”) held its Annual Dinner last night (Thursday 7 March 2024) in the Ballroom at the London Hilton on Park Lane. A capacity crowd was there to celebrate all the award winners...
read more...The British Business Bank has described the third iteration of the Recovery Loan Scheme, now known as the Growth Guarantee Scheme, as "a vital ingredient in the smaller business finance landscape.” The terms of the scheme will remain unchanged, ensuring continuity and consistency for lenders and the business community until the end of March 2026...
read more...Commenting on the Chancellor’s announcement in yesterday's Budget that leased assets will be included in full expensing once affordable, Director General of the FLA Stephen Haddrill said, “This is a great outcome from a long-term campaign by the FLA..."
read more...Lendscape has announced the appointment of Chris Coleman as Regional Commercial Director. Coleman (pictured) brings extensive industry experience, having spent over fifteen years structuring complex Asset Based Lending and invoice finance deals for RBS, Santander and Lloyds before moving into commercial financing technology...
read more...United Trust Bank (“UTB”) reports that it “successfully navigated a challenging economic environment to deliver an impressive financial performance” last year. The specialist lender’s Annual Report & Accounts for the year ending 31 December 2023, published today, show the Bank’s Operating Profit increased by 41pct to £87.5 million in 2023...
read more...The Leasing Foundation asks: "Anyone up for helping increase representation of the world’ largest under-represented group? This is Women’s History Month and we are three days away from the 2024 International Women’s Day!"...
read more...Commenting on the release of the British Business Bank’s Small Business Finance Markets 2023/24 report, Director of Business Finance at the Finance & Leasing Association Simon Goldie said, “This is yet more evidence that leasing and hire purchase are the products of choice for an increasing number of business owners..."
read more...The British Business Bank’s Small Business Finance Markets 2023/24 report, launching today (Friday 1 March), finds that asset finance grew for the third year in a row, increasing 7pct in 2023 to £23.5 billion, the highest level on record.
read more...Novuna Business Finance has announced that Cat Powell has been appointed as Head of Data Insight and Automation. Cat has been at Novuna for four and a half years, leading the company’s strategic change team through a number of large-scale projects...
read more...Aldermore Group has posted a 13pct growth in operating profit before tax to £132.8 million (H1 2023: £117.0 million) as it publishes its half year results for the six months to 31 December 2023. The Group was able to drive portfolio growth in higher returning lending segments, and continued deposit growth...
read more...In this week's Long Read, Lee Rhodes, Commercial Director Asset Finance at Aldermore, explains how his company has been working side by side with brokers to meet tight deadlines. Now deep into the second year of a five-year strategy, Aldermore is now applying its expertise to help introducers and customers get access to finance that’s both specific to their markets and flexible to their needs...
read more...The thumbnail image accompanying this news story can only hint at the scale of last night’s Finance & Leasing Association Annual Dinner, because you simply can’t fit all 1400 guests in a single picture — but at least we tried! FLA Chair John Phillipou took the opportunity to announce the launch of “FLA Accredited Broker”...
read more...NETSOL Technologies customer Haydock Finance is offering access to NETSOL’s API-based calculation engine Flex to its broker division...
read more...Acquis has recently announced the integration of its services into leading software platform Odessa...
read more...Virtual Lease Services Limited ("VLS") has appointed Paul Slapa as Sales and Marketing Director...
read more...Nivo invites Asset Finance funders to a live online demonstration on 22 February...
read more...Alfa has announced the introduction of Total Originations, an advanced originations product designed for all markets...
read more...NETSOL Technologies, Inc. has appointed Jason Hurwitz as Sales Director of Europe...
read more...LTi Technology Solutions has named Ryan Ledden as VP of Deployment Operations...
read more...LTi Technology Solutions has appointed Jen Martin as Chief Product Officer...
read more...Haydock Finance has signed up for two additional products from NETSOL’s Appex Now marketplace – Dock and Lane...
read more...Tower Leasing is driving its digital transformation with the implementation of LTi’s ASPIRE platform...
read more...LTi Technology Solutions ("LTi") has donated over $6,500 to local Youth Emergency Services & the Love Life Now Foundation...
read more...International SME financier Bibby Financial Services has announced a strategic investment in Alfa Start...
read more...Alfa has announced the first of six releases in Alfa Systems 6, described as "a breakthrough iteration of its software platform." The release introduces Compose...
read more...Solifi has announced the latest product enhancements for Solifi ABL, aimed at improving efficiency through automation, reporting, and customer experience...
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