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Latest BrokerWorld magazine is on the Brokerworld App

This month's edition features the Total Asset Finance jail sentences, a NEW "Deals of the Month" section, features from Hitachi Capital,  Cambridge and Counties Bank, and Quantum Funding, and a mix of asset finance news from brokers and broker funders. The next edition of BrokerWorld will be out on March 27th.

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Download BrokerWorld January magazine

The January 2017 free BrokerWorld APP is ready to download and read on your mobile phone or iPad - you'll find the APP on iTunes and Google Play.

This month's edition of BrokerWorld has news of the latest acquisitions, promotions, and profiles Syscap and Wesleyan Bank.

As well as having live links to all the website addresses and email addresses in the magazine, including adverts, the BrokerWorld APP also has a live telephone link feature . . .

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October BrokerWorld App ready to Download

October edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

This month's edition has news of acquisitions, LW Awards Dinner photos and a solid analysis of the post-Brexit economy, from Investec Asset Finance.

As well as having live links to all the website addresses and email addresses in th emagazine, including adverts, this month we've initiliased the live telephone link feature as well. This means that if you are on your mobile device, clicking on any telephone number will bring up the message "Do you want to Call this Number?" and clicking OK immediately dials the number.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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September edition of BrokerWorld is out

September edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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BrokerWorld APP - August edition

August edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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July BrokerWorld APP is out

July edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android

The APP editions are free so ignore any requests for passwords or suchlike, just  download the relevant edition you'd like to read, and enjoy!

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No Brexit Blues here

Twice a year, at midsummer and Christmas, the Asset Finance - Professionals Association (“AF-PA”) put on a great networking do in a relaxed venue somewhere in Central London. This summer saw it at the Sports Bar and Grill, in fashionable Clerkenwell, and the supported charity was the Air Ambulance Service. 
As AF-PA’s flyer stated, “Has there ever been a time when there has been more of a need for the industry to be meeting? With the results of the recent election, there are likely to be significant changes to all of us, how will funders be impacted, how will the outcome affect you?”
Good question, so we went round with our memo recorder to hear some of the range of unattributed opinions from funders and brokers, and here are a few:

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Twitter board at Leasing World Awards!

The new venue for our Hitachi Capital Business Finance sponsored Leasing World Awards Dinner 2016 at Hilton London Bankside offers many exciting possibilities, especially on the audio-visual side. Three large AV screens are available in the ballroom itself, and we are pleased to announce that tech-savvy Liberty Leasing will be managing one of the screens with a moderated realtime Twitter Board, using our Awards Dinner hashtag #LeasingWorldAwards, so we look forward to a stream of live tweets on the night . .

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The 2016 Leasing World Awards have begun

The Awards have Begun!There can be no doubt that the night of the Leasing World Awards Dinner offers huge enjoyment to its guests, with many elated spirits, and maybe even a few stifled sniffles by the end of the night.

Our headline sponsor for the fourth year running is Hitachi Capital Business Finance, and once more our thanks go to them for supporting our event and our industry so staunchly. As the event grows bigger every year, we have moved to a larger venue, to the banqueting halls of Hilton London Bankside, Great Suffolk Street, London SE1 0UG, which (for those familiar with the NACFB) is just a short walk from the NACFB’s Annual Dinner venue. 

In recognition of the improved facilities there, and the sense of occasion, this year we are requesting Black Tie from the gentlemen. 

All the broker funders will be there, as well as many of the other mainstream funders, and more and more broking firms as our Awards categories this year offer brokers so many more opportunities to win.

To see the new Categories, Judging Criteria and Key Dates . .

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1PM boosts portfolio

1PM continues its march towards significantly growing its portfolio, with the purchase by its wholly-owned subsidiary, Academy Leasing Limited (“Academy”), of a book of receivables for a consideration of £1.6 million, satisfied in cash on completion.

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NACFB monitors State of the SME Nation

This month's LW magazine features a profile of Adam Tyler, and the organisation he heads, the NACFB. To read Adam's views on the state of the SME Nation, and a number of other crucial topics . . 

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April BrokerWorld is on the APP

April edition is ready to download and read.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. The app editions are free and here are the links . . .

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NACFB seeking new staff

Due to expansion and growth within the Association, there are two excellent opportunities to join the NACFB to ensure the smooth running of the office on a daily basis. To see the job descriptions . . .

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Too many regulations?

Over a hundred delegates attended the Broker Seminar in London on April 11th, sponsored by Close Brothers Business Finance, Hitachi Capital Business Finance, Aldermore Business Finance, and United Trust Bank. Joanne Davis, Partner at Locke Lord UK LLP, gave major presentations on the FCA Handbook as it applies to credit brokers, and how to approach the maze of ARs, IRs, agents and other routes through the broker chain.

* The 64-page delegate FCA Handbook is now available to view on the BrokerWorld APP.

We did some video interviews afterwards, asking Gavin Wraith-Carter if there were too many regulations, and Adam Tyler for his views on the new proposed Minimum Standards for Brokers.
This is what they had to say . . .

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1PM acquires Bradgate Business Finance

1PM, the AIM listed provider of finance to the SME sector, has announced the acquisition of Bradgate Business Finance Limited (“BBFL”) for an aggregate consideration of up to £2.75 million, comprising £2.20 million payable in cash on completion, and up to a further £0.55 million in shares over the next three years subject to certain performance targets being achieved

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Praetura to open in the South

Having reached a £50 million lending book in 2015, its second year in business, Praetura Asset Finance is turning its attention to better servicing the needs of a growing Southern client base with the launch of a new regional hub . .

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Practitioners budget views

Carl D Ammassa & Nick SimpsonWe caught up with Carl D'Ammassa, Group MD of Aldermore Business Finance, and Nick Simpson, MD of Asset Finance Solutions UK, in the relaxed atmosphere Aldermore's corporate hospitality rooms at Cheltenham Races on St Patrick's day, the day following the UK's March Budget. Carl's team had already been the first to issue official press release comment on Budget day, so what were the views 24 hours later? Click the pic to see the video.

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The LeaseTeam Aspire system for brokers

Brent Walmsley, UK Business Development leader for Leaseteam software solutions, is enthusiastic about the asset finance intermediaries market and its growth and professionalisation over recent years. He sees an important role for his company's Aspire™ technology solution to assist the indusstry in its continued development . .

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Experts 5 point plan for broker acquisitions

Readers will recall that given the increase in M&A activity in our industry we ran several articles on the subject, including contributions from two of the key private equity companies involved, Cabot Square Capital and STAR Capital, which talked about what they look for when taking the measure of a leasing acquisition. To round off the series, we asked Nick Parkhouse, an Executive Director at Ernst & Young LLP if he had any advice to give to those independent lessors and brokers who saw themselves as potentially selling their business, or raising capital, and here’s what he told us . .

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Aiming for five in a row

Martin Nixon, Head of United Trust Bank Asset Finance ("UTB") writes: If the majority of voters decide that we will be better off outside of the EU, the implications of a withdrawal for British businesses, particularly those which export to Europe, could be far reaching. Businesses which have over borrowed on the back of lower rates and relaxed credit may come under further pressure if the spectre of rising interest rates returns, and those funders who have been stretching their criteria on marginal transactions may find . .

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Latest Broker statistics

Broker Stats to Dec 2015

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Intelligent acquisition for 1pm

1pm plc has announced the acquisition of Intelligent Financing Limited, trading as Intelligent Loans (“iLoans”), a brokerage engaged in the packaging of secured Bridging loans, Second Charge loans and Commercial Mortgages.

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Budget too downbeat on business?

After the immediate howls of pain die down from those wounded by the latest, and thankfully last, Spring Budget, will SMEs be left with a feeling that the Budget, the Chancellor, the Treasury, and hence the powers that be are basically downbeat on business?

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FLA January stats quash broker fears

New figures for January, released by the Finance & Leasing Association (“FLA”) show that asset finance new business grew by 16pct in January, compared with the same month in 2016.

The January stats included broker driven activity showing a rise of 27pct (!) which was heartening as the recent talk in the broker industry had been about a quiet early January for some, indeed BrokerWorld had noted in its January edition DATA page that Q4 2016 was the first time in 3 years that a quarter was lower than the year previous.

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Budget comment – March 2017

Our expert on all leasing matters budgetary, accounting and taxing, George Tonks, Partner at Invigors EMEAA LLP, gives his first impressions of the Budget as follows:
The Chancellor delivered an upbeat, but rather undramatic Budget speech (his first and last March Budget, as he will revert to an Autumn Budget in future). The overall tone was positive, with the economy faring better than forecast in the previous Autumn Statement and conveyed a message of being in control of the process of getting public finances back in shape.
However, for many asset finance companies, the most important part of the Budget was not covered by this speech . .

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Massive sentences for leasing fraudsters

Crime doesn’t pay, or does it? Six years after the Total Asset Finance fraud was discovered, the guilty parties finally collected 44 years in jail between them. We would comment that the process of law took far too long in this case. Two brokers collected a 10 and a 15 year term between them, and an employee of a funding bank who had accepted nearly £900,000 in bribes for continuing to approve the dodgy deals got 7 years. We asked industry veteran John Bennett of JB Associates, who has seen it all before, for his thoughts.

He said, “Another old style leasing fraud – but any new lessons? It was a simple fraud, based on . . .

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Asset finance enjoys 6th year of growth

New figures released by the Finance & Leasing Association (“FLA”) show that asset finance new business (primarily leasing and hire purchase) grew by 5pct in 2016 – the sixth consecutive year of growth. The figures also remind one that it has taken many years to reach 2008 levels again, in terms of asset finance volumes, although that is partly due to the virtual disappearance of the big ticket leasing business . .

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Host of new appointments at SGEF

Societe Generale Equipment Finance (“SGEF”) has appointed seven top industry veterans to new positions in its organisation, without spending a penny on headhunters or recruitment company fees! This is how it was done . . .

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Jon Maycock at Hampshire Trust Bank

Hampshire Trust Bank (“HTB”) the specialist bank asset finance, property finance and commercial mortgage bank, has announced the appointment of Jon Maycock as Managing Director of Asset Finance.

In his role as head of the Asset Finance business, Jon will focus on enhancing both the broker and block discounting channels. This will involve continued investment in IT systems and broadening the bank’s proposition to the broker market, while exploring new opportunities to grow the Asset Finance business in line with Hampshire Trust Bank’s strategy. The existing heads of broker and block discounting businesses will report to Jon.

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Adam Tyler heads up new SME funding launch

Adam Tyler has sought to combine his unique combination of knowledge of the Business Lenders and Funders in the UK and the Broker market coupled with deep connections into the Small Business community and a big reach into Westminster to launch of FinancemyBusinessonline, a new Finance Platform that aims to become the best way to find Business Finance for SMEs.

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Read all about it!

Don't worry if you missed some of the asset finance Christmas events, you can catch up with all the big ones here in our two Christmas issues of Leasing World magazine, photos and all, with our compliments. 

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Top stories of 2016

2016 was clearly a year of continuing acquisitions, kicking off straightaway in January, and apart from a Brexit pause for breath, continuing right the way through till December, with the acquisition of Renaissance Asset Finance by Arbuthnot Latham, announced at Christmas.

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Adam Tyler to stand down from NACFB

L-R: Ray Wells & Jan Szmigin with Adam TylerAdam Tyler, chief executive of the National Association of Commercial Finance Brokers (NACFB), pictured here on the right looking relaxed at the recent LW Awards Dinner, is to stand down after 11 years. Seconded from NatWest in 2005, Adam Tyler joined the NACFB when it was in its infancy.

When Adam arrived, the Association was run from a small office above a Gift Shop in Exeter with one member of staff looking after 400 members and 48 Patrons. Over the past 11 years Adam has, with the input of a Board of volunteer members, guided and nurtured the Association to its current position in the commercial financial arena.

Today, the NACFB is a highly successful central London based Association with 14 staff representing a membership of 1600 across all the commercial finance disciplines supported by over 140 industry Patrons.

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TwitterWall Best Pic Winner

This year's LW Awards Dinner featured a Twitter Wall first for the asset finance industry, and a prize of a bottle of of champagne was offered for the best photo tweeted on the night. The photo that got most Likes, and resonated most with the event was judged to be the double winners award photo of Syscap and Wesleyan: 

Winning Photo (please tell editor@leasingworld.co.uk who took the pic!)  plus runners-up:

Winning Photo tweet

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A great night of Awards and Rewards

A great atmosphere!The LW Awards Dinner 2016 was immensely enjoyed by those who attended, especially the winners of one of the 18 awards to be won or any of the dozen desirable raffle prizes kindly donated by the companies of those attending, ranging from a weekend vineyard experience with a stay in a 5-star hotel, to a bottle of James Bond 007 Bollinger champagne. 

The new larger venue, necessary to accomodate the now 260 strong audience, proved to be much to everyone's liking, with its modern feel, multiple AV screens and TwitterWall, sponsored for us by Liberty Leasing, and was a fitting setting for Lord Mitchell, returning invigorated after a year's break from the Awards ceremony, to address the leasing community represented on the night with a rousing speech for the industry to embrace change and the sharing economy.

The charities nominated by our headline sponsor, Hitachi Capital Business Finance, were Macmillan Cancer Support, and Brompton & Harefields hospitals, and the guests raised well over five thousand pounds in cash (plus a few euros, and IOUs!) on the night thanks to Johnnie Halliday's Heads n' Tails game sponsored by NetSol Technologies, and the Charity Raffle made possible with prizes donated by attending companies. 

The judges commented that the standard of submissions this year was impressively high, and many categories were very close run, but the final winners were:

BUSINESS FINANCE CHAMPION- Aldermore Business Finance . .

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