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3 Step IT leads way out of recession
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 3 Step IT’s business model is defying the recession. The company continues to grow despite global economic turbulence.
Preliminary unaudited figures for 2011 show that the company’s turnover grew by 30% to €392m (2010:€302m) during the year. Profitability also improved as the operating margin grew to €10.6m (2010:€10.2m).
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 CHP Consulting opens Paris office
CHP has been expanding its operations in France and in 2011 became an associate member of the Association Française des Sociétés Financières,the official French association of finance companies. The new branch is accompanied by the relaunch of CHP’s website – which is now available in French language.
The new operation is to be headed by Frederic Laurent CHP’s Operations Director (France).
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New mega-fleet faces integration challenges
 With the news that ALD Automotive has acquired Lombard’s (part of Royal Bank of Scotland) contract hire and fleet management company, Lombard Vehicle Management, comes the creation of yet another UK mega-fleet lessor.
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Veronica Steele tells of new salary sacrifice deal for Healthcare staff
 City Health Care Partnership Community Interest Company has appointed Tusker to provide a salary sacrifice car scheme.
Staff will be able to select cars with a carbon cap of up to 150g/km in return for surrendering a proportion of their salary through Tusker's SalarySacrifice4Cars scheme.
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White Clarke Group goes live with Australian PPSR solution
 On the January 30, the Australian Attorney-General's Department made live the new Australian Personal Property Securities Register, allowing all registered Australian finance organizations to electronically lodge, amend and remove interests in registered securities.
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News from EMEA
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News from US and Canada
News from Asia Pacific
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 Download the January edition of
CHP Consulting's Legal and Regulatory Newsletter
- IASB/FASB - the latest update on lease accounting
- Bank regulation and taxation - how tighter solvency rules will affect leasing.
- Asset Finance Regulatory Calendar
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Financing wind ambitions: offshore wind parks
Within five years, offshore wind power plants are expected to account for approximately 20% of the entire wind-power market. Nevertheless, financing offshore wind projects faces an enormous challenge mainly because offshore wind projects are very capital intensive and, in the current economic environment, many financial players are reluctant to take risks for long-term projects.
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“We just did not have the necessary expertise in-house to ensure the best deal in all cases. All our global businesses sought finance locally and were assessed on their own merits and value. So we immediately gained economies of scale when we made use of Ecologic’s Global Lessor Network.”
Philip Benké will be based at the company’s European Head Office in Basingstoke, England.
Finance professionals believe there will be a renewed global economic downturn in 2012 as the largest ever quarterly survey of professional accountants shows that international trade continued to dry up at the end of last year.