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Brokers unmoved by base rate, says UTB

More than two thirds (68pct) of brokers responding to United Trust Bank’s most recent broker sentiment survey believe that the two Bank of England Base Rate increases seen since November 2017 have had no impact on their business. The survey was carried out amongst over one hundred brokers operating in the asset finance and property sectors...

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UTB says most brokers upbeat on 2018 results

United Trust Bank’s most recent broker sentiment survey has found that 51pct of brokers operating in the asset finance and property sectors are expecting their 2018 business results to be either ‘good’ or ‘excellent’ with them exceeding their targets set at the start of the year...

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HTB high fives brokers

Back in June this year, HTB developed and rolled out Document Generation ("Doc Gen") software which enables automatic documentation generation, saving time and improving accuracy for brokers. To encourage the uptake of Doc Gen, HTB launched an incentive programme to reward the five introducers who paid out the highest number of deals using Doc Gen...

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SMEs bear brunt of Carillion insolvency

 Bank lending to SME construction businesses has fallen by almost £1.2 billion following the collapse of Carillion, dropping to £15.46 billion at end of September 2018, down from £16.63 billion on 30 September 2017. Hadrian’s Wall Capital says that total lending to SME construction businesses has fallen by 7pct over the last twelve months, a far sharper fall than in lending to large construction businesses...

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Half of all R&D tax relief goes unclaimed

 Almost 9 in 10 finance companies could be eligible for Research and Development (“R&D”) tax relief on new products and services but only 41pct of them have ever claimed. This means businesses in the finance sector are missing out on millions of pounds even though 89pct of them have developed new products or business process in the last two years...

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MAF high five

Financial services broker, Midlands Asset Finance (“MAF”), is committed to building the next generation of finance brokers, employing five new members of staff all under the age of 23. University graduates Sam Greasley, Harry Krikken, Charlie Hubble, Ryan Walker and Liam Delaney were all hired this month as the broker continues its talent development scheme...

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New Head of Broker at White Oak

White Oak UK, one of the UK’s largest alternative providers of SME finance, has announced Matt Phillips as its new Head of Broker & Strategic Partnerships. In 2015, Matt was the driving force behind “introduce”, White Oak UK’s client referral scheme, which has since generated over £87 million in origination from more than 230 approved introducers...

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New Motor Finance post at Paragon

A new National Sales Manager for Motor Finance has been appointed at Paragon. The newly-created role will see Geoff Duncalf esponsible for leading and developing a team of six Regional Sales Managers...

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Funding Circle broker channel lends £1 billion

 Funding Circle, the global small business loans platform, has told us that its broker channel has reached a milestone of £1 billion facilitated to small businesses in the UK. This follows the promotion of Tom Shave to Head of Broker... 

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Rivers doubles down on loan note programme

Rivers Leasing’s financing structure is a combination of the industry traditional and the innovative, including a £12 million loan note programme listed on the Bermuda Stock Exchange, which it is increasing to £25 million this October in order to continue its planned development...

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SMEs seek solutions for work stress

The latest Aldermore Future Attitudes study has revealed that a third (33pct) of bosses at UK small and medium-sized enterprises (SMEs), equating to 1.81 million firms with fewer than 250 employees, have personally suffered from anxiety, depression or another kind of mental health problem in the past five years...

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Investec uncovers brokers expansion plans

 Asset finance brokers are overwhelmingly positive on their prospects for growth over the next year, according to a survey conducted by Investec Asset Finance Group. When asked how they would achieve their growth targets, the majority said that they would expand into new sectors...

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BVRLA expands membership

During 2018, the BVRLA has continued to grow and there are now over 950 organisations in membership, who are collectively responsible for almost 5 million vehicles on UK roads, buy almost half of all new vehicles sold in the UK and purchase 83pct of all UK-manufactured vehicles sold to a domestic market each year.

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Ready for a recession?

"The economic definition of recession generally involves a fall in GDP in two successive quarters. Since I entered the world of commerce in 1970 I have experienced four recessions. Each has been unique..."

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Brokers wary of base rate rise

United Trust Bank’s most recent broker sentiment survey has revealed that 61pct of brokers operating in the fields of asset finance and property feel that it would take just one more 0.25pct increase in the base rate of interest to stifle SME investment...

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More senior appointments at HHF

Two further key appointments have been made at Henry Howard Finance to help support the independent funder’s continued growth. Marie Dunkley and Charlie Ryley join a firm which has supported more than 30,000 companies across the UK.

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Wyelands Bank makes Asset Finance appointment

Wyelands Bank, set up to help small and medium businesses, has appointed Jim Higginbotham as managing director, asset finance. Jim's appointment is part of the bank’s strategy to help manufacturing and industrial businesses to trade and grow through the right combination of simple but specialist finance solutions. 

 

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Bluestone means prizes

Bluestone Leasing has announced that Mark Rice at pure technology group is the winner in their recent World Cup Promotion

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HHF names North West appointments

Henry Howard Finance, having recently celebrated a year-on-year increase of 50pct in own-book lending, has appointed its first senior account managers in the North West.

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STAR own book reaches £100m

UK SME asset finance provider STAR Asset Finance Ltd (“SAFL”) has seen its net receivables hit £100 million - well ahead of target. 

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Investec Materials Handling passes £250m in lending

 Investec Materials Handling has recently broken through the £250 million barrier of paid out business, having become one of the major suppliers of finance in this sector.

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New executive shines at STAR

STAR Asset Finance Limited (“SAFL”) has welcomed Andrew Kenny as a field sales executive for the Group. Based out of Sheffield, Kenny will be able to visit more remote customers for the Group, as well as help to develop the leasing market with a more personalised approach up north. 

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Allica is new name for CivilisedBank

 CivilisedBank (“the Bank") has announced that it has changed its name to Allica. Due to launch in 2019, Allica aims to give customers access to a team of banking experts with extensive business finance experience, and effortless digital banking underpinned by the best of digital technology...

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Academy Leasing thinking of ice cream

As the days are at their shortest and the frost is settling, it falls to Academy Leasing, asset-based lender and part of the 1pm plc group of specialist finance companies, to arrange £2 million in asset funding for ice cream equipment business Carpigiani UK. It seems not everyone has forgotten 2018's record summer temperatures...

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FLA raises a glass to a confident 2019

 The FLA has predicted a confident start to 2019, judging from its own latest data. The Association's markets “will continue to thrive whatever happens over the next few months.  We have seen ample proof of that, both during the financial crisis of nearly ten years ago, and more recently in the aftermath of the referendum on EU membership.”

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Hitachi Capital helps hospital charity

Hitachi Capital’s elite cycling squad, Team Hitachi400, recently made a formal presentation of a cheque for £33,000 to The Royal Brompton and Harefield Hospital charity, following a gruelling four-day fundraising cycle ride from the UK to France. Over the course of four days in September, the team pedalled 400 miles crossing the channel and finished their marathon journey in Bordeaux...

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HTB in Game of Thrones

On Tuesday 11th December, more than a dozen brokers met in the boardroom of Hampshire Trust Bank's Bishopsgate office for a broker feedback session as it prepares for 2019. The baroque decor of the Temple in the nearby Andaz hotel provided the Game of Thrones style backdrop for a Christmas lunch afterwards...

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1pm opens graduate scheme

1pm plc has launched its first graduate scheme, offering final-year university students the opportunity to get their foot on the financial sector’s ladder. The finance provider is looking to recruit two graduates to cover its northern and southern offices...

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Commitment rewarded at NACFB Gala Dinner

Investec Asset Finance and industry stalwart Graham Hill were among the many recipients of awards at last night's NACFB Gala Dinner. It was Investec who took home the trophy for Leasing and Asset Provider of the Year, while Graham was given the Lifetime Contribution Award...

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FLA flags up need for new redress mechanism

Simon Goldie, FLA Head of Asset Finance, writes, "Although the Financial Conduct Authority has publicly confirmed its intention to extend the remit of the Financial Ombudsman Service to cover such complaints, this was not the FCA’s original preference. But because a tribunal system would have required primary legislation, the view has been taken that – in the short term at least – giving larger SMEs access to FOS is the best that can be done..."

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CivilisedBank strengthens Board

 CivilisedBank has announced the appointment of Rajan Kapoor to the Board as Non-Executive Director and Chair of its Audit Committee as well as its Remuneration Committee. At its launch (anticipated in 2019), CivilisedBank will serve businesses through working capital solutions and cash management, including asset finance.

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British Business Bank points to Compass

Compass Business Finance has become an accredited lender under the British Business Bank’s Enterprise Finance Guarantee (“EFG”) programme. Bernie Skivington, Director, Guarantee and Wholesale Solutions at British Business Bank, said, “Accrediting Compass under the EFG programme will enable them to support more smaller businesses that are working successfully, but which might otherwise struggle to acquire business critical equipment or machinery that can boost their growth.”

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UTB’s Asset Finance appointment is 200th staff member

 United Trust Bank has appointed Daniel Idowu to the role of Support Officer in its Asset Finance division and he becomes the growing Bank’s 200th member of staff and the 50th person to join UTB this year. The Bank continues to expand in its Moorgate head office in Citypoint and has also opened a satellite office in Bolton...

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New Head of Business Partnering at HHF

 Henry Howard Finance Group (“HHF”) has appointed a new Head of Business Partnering. Magda Hayman will drive the alignment of the finance function to the strategic aims of the business with a particular focus on reporting and business insight... 

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Dallmeier partners with White Oak UK

 White Oak UK and Dallmeier (one of the world’s leading suppliers of network-based video surveillance systems) have announced a new partnership aimed at offering finance solutions to Dallmeier UK business customers. White Oak UK’s vendor finance programme will allow Dallmeier to provide solutions to those customers that do not have access to up-front capital...

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Job Board

Credit Underwriter - Asset Finance - CBC Resourcing Solutions
Sales Support Manager - Asset Finance - CBC Resourcing Solutions
Sales Support Manager - Asset Finance - CBC Resourcing Solutions
Credit Administrator - Asset Finance - CBC Resourcing Solutions
Customer Services Team Leader - Asset Finance - CBC Resourcing Solutions
Credit Underwriter - Asset Finance - CBC Resourcing Solutions
Sales Director - Motor Finance - THC Recruitment
Credit Underwriter - Asset Finance - THC Recruitment
Regional Sales Manager - Commercial Vehicle Finance - THC Recruitment
Credit Analyst – Asset/Business Finance - THC Recruitment
Credit Underwriter - Asset Finance - THC Recruitment
Fintech Business Lending - Sales Support/Credit - THC Recruitment
J2400 - Finance Controller - UK, Richmond / SW London - Asset Finance - New Leaf Search
J2406 - Technology Buy Back Sales Manager - UK, Flexible - Asset Finance - New Leaf Search
J2398 - Credit Underwriter, Small Ticket - UK, Richmond / SW London - Asset Finance - New Leaf Search
J2397 - Head of Customer Experience - UK, Richmond - Asset Finance - New Leaf Search
J2365 - Internal Account Manager, Hard Assets - UK, SW London / SE Eng - Asset Finance - New Leaf Search
J2407- Sales Support Executive - UK SE Eng / Thames Valley - Asset Finance - New Leaf Search
Senior Business Developers – Hard Assets – flexible location - base salary range up to £100,000 + very substantial bonuses , plus all usual bank benefits. - Robinson Toms Recruitment
Business Development Manager - Middle Ticket Asset Finance – Glasgow Preferred salary range up to £65,000 , exceptionally more may be available , plus £5000+ car allowance plus excellent commission plan paying 25% of gross profit generated. Commission - Robinson Toms Recruitment
Internal Business Development Manager – IT Vendors ( office based telephone work ) OTE is £60,000 earnings are uncapped plus a good basic salary of £30,000. - Robinson Toms Recruitment
Business Development Manager – Manufacturing & Engineering Asset Finance –Essex , Kent , East & West Sussex Salary up to £50,000 plus up to 8% of gross profit paid on every deal paid monthly & paid on every transaction plus volume bonuses of up to - Robinson Toms Recruitment
Strategic Initiatives Manager – Location flexible – salary range up to £75,000 + bonus , company car , generous pension and other benefits. - Robinson Toms Recruitment
Chief Operating Officer – Asset Finance – Midlands – Salary and car allowance combined will total up to c£90,000 + performance bonus , plus all usual benefits. - Robinson Toms Recruitment
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