Asset Advantage meets the challenges of the new leasing marketplace – and grows new business by 48%

In the UK’s post-recessionary environment there are a number of small asset lenders who are conscientiously working away at building their books, and broadening their experience in new asset sectors. They are likely to represent the future entrepreneurial spirit of the leasing industry as Tier 1 asset lending retreats into the prescriptive underwriting regions of the clearing banks. Such companies are currently operating very much in their own niches, with growing support from their intermediary originating sources but relying on their own expertise and skills at setting their credit standards. Such a lender is Asset Advantage, the Basingstoke-based lessor which has just reported a 48% increase in new business volume in its year ended September 2014.

Asset Advantage meets the challenges of the new leasing marketplace – and grows new business by 48%

Oct 29, 2014

In the UK’s post-recessionary environment there are a number of small asset lenders who are conscientiously working away at building their books, and broadening their experience in new asset sectors. They are likely to represent the future entrepreneurial spirit of the leasing industry as Tier 1 asset lending retreats into the prescriptive underwriting regions of the clearing banks. Such companies are currently operating very much in their own niches, with growing support from their intermediary originating sources but relying on their own expertise and skills at setting their credit standards. Such a lender is Asset Advantage, the Basingstoke-based lessor which has just reported a 48% increase in new business volume in its year ended September 2014.

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Lessors seize opportunities in booming medical equipment industry

The rapid pace of technological development in the medical equipment industry has led to an explosion of expensive medical devices - especially imaging devices. A new study, Medical Equipment Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019 examines the opportunities for lessors in this growing marketplace.

Lessors seize opportunities in booming medical equipment industry

Oct 29, 2014

The rapid pace of technological development in the medical equipment industry has led to an explosion of expensive medical devices - especially imaging devices. A new study, Medical Equipment Rental Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019 examines the opportunities for lessors in this growing marketplace.

Grant Thornton strengthens its UK leasing, asset & consumer finance team with new appointments

In line with its strategy of expanding in the leasing, asset & consumer finance sector, Grant Thornton UK LLP, a leading UK financial and business adviser, has appointed Marc Tendler and Bas Hoekstra to its Leasing, Asset & Consumer Financing team. Both men will work alongside Tarun Mistry, Christian Roelofs, Phil Gerrard and Peter Landers delivering sector focused advisory services to this industry.

Grant Thornton strengthens its UK leasing, asset & consumer finance team with new appointments

Oct 28, 2014

In line with its strategy of expanding in the leasing, asset & consumer finance sector, Grant Thornton UK LLP, a leading UK financial and business adviser, has appointed Marc Tendler and Bas Hoekstra to its Leasing, Asset & Consumer Financing team. Both men will work alongside Tarun Mistry, Christian Roelofs, Phil Gerrard and Peter Landers delivering sector focused advisory services to this industry.

LDF works to raise awareness of asset finance for dental surgeries as private practice booms

As the well-recorded expansion in private medical asset investment proceeds apace comes news that UK dentists are lending more to their own practices as the sector seeks funding for capital investments to expand. LDF, one of the UK’s leading commercial finance groups which provides loan and lease products to a broad range of both corporate and professional businesses, including the medical sector, has analysed the accounts filed by 318 dental practices.

LDF works to raise awareness of asset finance for dental surgeries as private practice booms

Oct 28, 2014

As the well-recorded expansion in private medical asset investment proceeds apace comes news that UK dentists are lending more to their own practices as the sector seeks funding for capital investments to expand. LDF, one of the UK’s leading commercial finance groups which provides loan and lease products to a broad range of both corporate and professional businesses, including the medical sector, has analysed the accounts filed by 318 dental practices.

Ebbon-Dacs expands into German fleet market

Ebbon-Dacs, a leading e-procurement specialist for leasing and fleet management companies, has continued its expansion onto the European mainland with the opening of an office in Hamburg. The UK-based online solutions provider has formed Ebbon-Dacs Deutschland GmbH under a highly experienced new country head, Hans-Christian Preymann, and intends to replicate the success of the operation it set up in the Netherlands four years ago.

Ebbon-Dacs expands into German fleet market

Oct 28, 2014

Ebbon-Dacs, a leading e-procurement specialist for leasing and fleet management companies, has continued its expansion onto the European mainland with the opening of an office in Hamburg. The UK-based online solutions provider has formed Ebbon-Dacs Deutschland GmbH under a highly experienced new country head, Hans-Christian Preymann, and intends to replicate the success of the operation it set up in the Netherlands four years ago.

Greater car-sharing could give London economy £181 million annual boost

London, UK, has the potential to become the largest car-sharing market in the world by 2020, delivering significant economic and environmental benefits. This forecast supposes that current new business models are successful in delivering behavioural changes amongst car users, according to a study by Frost & Sullivan. Frost & Sullivan reckons the UK’s capital would see a potential £359.6 million cost saving to those that choose car-sharing membership over car ownership, with £238.3 million coming from round-trip car-sharing, and £121.3 million from using one-way sharing options.

Greater car-sharing could give London economy £181 million annual boost

Oct 28, 2014

London, UK, has the potential to become the largest car-sharing market in the world by 2020, delivering significant economic and environmental benefits. This forecast supposes that current new business models are successful in delivering behavioural changes amongst car users, according to a study by Frost & Sullivan. Frost & Sullivan reckons the UK’s capital would see a potential £359.6 million cost saving to those that choose car-sharing membership over car ownership, with £238.3 million coming from round-trip car-sharing, and £121.3 million from using one-way sharing options.

Ford’s new boss reports 17% rise in finance profits for Q3 2014

Mark Fields, who was appointed Ford Motor Company’s president and chief executive officer only last July has reported record post-recessionary profits for Ford Motor Credit (Ford Credit) in Q3 2014. Ford Credit achieved a pre-tax profit for Q3 2014 of $498 million, up from $427 million in the prior-year period. The improved results were due to higher volume, reflecting increases in nearly all financing products, including non-consumer and consumer finance receivables globally, as well as leasing in North America.

Ford’s new boss reports 17% rise in finance profits for Q3 2014

Oct 27, 2014

Mark Fields, who was appointed Ford Motor Company’s president and chief executive officer only last July has reported record post-recessionary profits for Ford Motor Credit (Ford Credit) in Q3 2014. Ford Credit achieved a pre-tax profit for Q3 2014 of $498 million, up from $427 million in the prior-year period. The improved results were due to higher volume, reflecting increases in nearly all financing products, including non-consumer and consumer finance receivables globally, as well as leasing in North America.

New energy audit increases need for accurate mileage capture by UK fleets

A new scheme that measures the energy used by company cars is predicted to significantly increase the need for fleet managers to keep accurate business and private mileage records. Vertivia, the mileage capture specialist, has been following the release of more details of the forthcoming Energy Savings Opportunity Scheme (ESOS).

New energy audit increases need for accurate mileage capture by UK fleets

Oct 22, 2014

A new scheme that measures the energy used by company cars is predicted to significantly increase the need for fleet managers to keep accurate business and private mileage records. Vertivia, the mileage capture specialist, has been following the release of more details of the forthcoming Energy Savings Opportunity Scheme (ESOS).

As the international lease accounting standards boards continue to seek definitions Henk Uunk asks: “When is a lease a lease?

With its recent (re)affirmation of the definition of a lease, the International Accounting Standards Board (IASB) has triggered the start of a new line of discussion: when is a lease a lease?

As the international lease accounting standards boards continue to seek definitions Henk Uunk asks: “When is a lease a lease?

Oct 22, 2014

With its recent (re)affirmation of the definition of a lease, the International Accounting Standards Board (IASB) has triggered the start of a new line of discussion: when is a lease a lease?

New business volumes up 21% year-over-year as US lessors “turn uncertainty into opportunity”

The US Equipment Leasing and Finance Association’s (ELFA) 25 reporting companies reveal that new business volume for September was $9.4 billion - up 21% from new business volume in September 2013. Month over month, new business volume was up 31% from August 2014. Year to date, cumulative new business volume increased 8% compared to 2013.

New business volumes up 21% year-over-year as US lessors “turn uncertainty into opportunity”

Oct 22, 2014

The US Equipment Leasing and Finance Association’s (ELFA) 25 reporting companies reveal that new business volume for September was $9.4 billion - up 21% from new business volume in September 2013. Month over month, new business volume was up 31% from August 2014. Year to date, cumulative new business volume increased 8% compared to 2013.

Bob Rinaldi appointed chairman as new ELFA Board settles into place

During the 53rd Annual Convention of the Equipment Leasing and Finance Association (ELFA), the ass...

Global lessors likely to face "too much change in too short a time”

While the global leasing industry has mostly recovered from the disruptive impact of the financial...

Four key appointments made to management team at Close Motor Finance

Close Motor Finance, part of Close Brothers Group plc, has announced the appointment of four new s...

Keith Glasscoe to head new Investec Asset Finance container box finance team

Investec Asset Finance (IAF) has launched a new specialist container box finance product, led by K...

 
 
 
 
 
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