Healthcare recruitment agency boosts growth with £1.5m facility from Cynergy Business Finance

Healthcare recruitment agency, Sirona Medical Ltd (SML), has secured a £1.5m invoice discounting facility from asset-based lending (ABL) specialists Cynergy Business Finance (CBF). Headquartered in Sawbridgeworth, Essex, SML was founded in 2015 by Ray and Natasha Sullivan. The business works with healthcare organisations across the public and private sector to support their staffing needs for a range of roles including nurses, doctors, support workers, social workers and more.

Healthcare recruitment agency boosts growth with £1.5m facility from Cynergy Business Finance

Apr 15, 2024

Healthcare recruitment agency, Sirona Medical Ltd (SML), has secured a £1.5m invoice discounting facility from asset-based lending (ABL) specialists Cynergy Business Finance (CBF). Headquartered in Sawbridgeworth, Essex, SML was founded in 2015 by Ray and Natasha Sullivan. The business works with healthcare organisations across the public and private sector to support their staffing needs for a range of roles including nurses, doctors, support workers, social workers and more.

UTB’s Nathan Mollett takes on the Marathon des Sables

Nathan Mollett, Head of Asset Finance at United Trust Bank, and Rev. Dr. K. Bill Dost, Group CEO at DND Finance, have successfully completed day one of the Marathon des Sables, described as ‘the toughest footrace on Earth’. UTB’s Nathan Mollett is currently competing in the 2024 event to raise money for two deserving charities - the South East Cancer Help Centre and Wings for Life, a charity which funds research into cures for spinal cord injuries. Nathan has covered the full costs of entry to the event and travel expenses himself so every penny raised will be split equally between the two charities.

UTB’s Nathan Mollett takes on the Marathon des Sables

Apr 15, 2024

Nathan Mollett, Head of Asset Finance at United Trust Bank, and Rev. Dr. K. Bill Dost, Group CEO at DND Finance, have successfully completed day one of the Marathon des Sables, described as ‘the toughest footrace on Earth’. UTB’s Nathan Mollett is currently competing in the 2024 event to raise money for two deserving charities - the South East Cancer Help Centre and Wings for Life, a charity which funds research into cures for spinal cord injuries. Nathan has covered the full costs of entry to the event and travel expenses himself so every penny raised will be split equally between the two charities.

Martin McTague, National Chair of the Federation of Small Businesses to keynote UK Asset Finance Connect Conference in June

Last December the Federation of Small Businesses (FSB) issued a super-complaint to the Financial Conduct Authority (FCA) highlighting the harsh lending practices of banks that demand excessive personal guarantees (PGs) for business loans. Asset Finance Connect (AFC) has invited FSB National Chair to come to the AFC UK Summer Conference on 6th June 2024 at etc venues, County Hall, London to talk to its members about the FSB perspective on SME lending: how SMEs feel treated by lenders, and what lenders can do to make the SME journey better.

Martin McTague, National Chair of the Federation of Small Businesses to keynote UK Asset Finance Connect Conference in June

Apr 09, 2024

Last December the Federation of Small Businesses (FSB) issued a super-complaint to the Financial Conduct Authority (FCA) highlighting the harsh lending practices of banks that demand excessive personal guarantees (PGs) for business loans. Asset Finance Connect (AFC) has invited FSB National Chair to come to the AFC UK Summer Conference on 6th June 2024 at etc venues, County Hall, London to talk to its members about the FSB perspective on SME lending: how SMEs feel treated by lenders, and what lenders can do to make the SME journey better.

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Asset Finance Europe 50 2023 - maintaining growth in turbulent times

The annual ranking of Europe’s leading asset finance providers today reveals the leasing companies that delivered industry growth during a year in which the asset finance industry continued to face a period of economic uncertainty. The Asset Finance Europe 50, sponsored by Alfa, is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the European leasing market.

Asset Finance Europe 50 2023 - maintaining growth in turbulent times

Nov 09, 2023

The annual ranking of Europe’s leading asset finance providers today reveals the leasing companies that delivered industry growth during a year in which the asset finance industry continued to face a period of economic uncertainty. The Asset Finance Europe 50, sponsored by Alfa, is the unique European annual ranking survey of business equipment and fleet lessors that provides an objective overview of all parts of the European leasing market.

 

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Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

Solifi Global Leasing Report 2023 reveals growth as the leasing industry emerges from the pandemic

Mar 01, 2023

The new Solifi Global Leasing Report 2023 reveals a promising 9.3% increase in new business volumes in 2021, as the global leasing industry emerged from the pandemic and equipment investments rebounded. The report highlights that the top 50 countries reported new business volume of US$1.463 billion in 2021, up from US$1.338 billion in 2020.

 

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Restructure at Shire Leasing sees Helen Lumb take MD role

Shire Leasing PLC has announced an Executive Board restructuring to drive continued growth plans. Effective April 1, 2024, Helen Lumb has assumed the role of Managing Director. Lumb brings a wealth of experience and an intimate knowledge of the company's operations, joining the company as Finance Director in 2014 and later taking up the role of Chief Financial Officer in 2018.

Restructure at Shire Leasing sees Helen Lumb take MD role

Apr 12, 2024

Shire Leasing PLC has announced an Executive Board restructuring to drive continued growth plans. Effective April 1, 2024, Helen Lumb has assumed the role of Managing Director. Lumb brings a wealth of experience and an intimate knowledge of the company's operations, joining the company as Finance Director in 2014 and later taking up the role of Chief Financial Officer in 2018.

Viewpoint: It’s time to take the fight back to the regulators

Stephen Bassett, AFC’s community head for UK asset finance professionals, looks at the background to the FOS decisions over discretionary commission in vehicle lending. The news that Barclays is mounting a legal challenge to the Financial Ombudsman Service (FOS) ruling over unfair discretionary commission arrangements on a conditional-sale agreement for a car purchase is the first sign that lenders are challenging regulators to answer the obvious question about the motor finance market: what exactly have they done wrong?

Viewpoint: It’s time to take the fight back to the regulators

Apr 12, 2024

Stephen Bassett, AFC’s community head for UK asset finance professionals, looks at the background to the FOS decisions over discretionary commission in vehicle lending. The news that Barclays is mounting a legal challenge to the Financial Ombudsman Service (FOS) ruling over unfair discretionary commission arrangements on a conditional-sale agreement for a car purchase is the first sign that lenders are challenging regulators to answer the obvious question about the motor finance market: what exactly have they done wrong?

FCA warns motor finance lenders over costs of commission probe

The Financial Conduct Authority (FCA) has issued a warning to motor finance firms they must maintain adequate financial resources at all times, in light of potential claims arising from the regulator’s review of the historical use of motor finance discretionary commission arrangements (DCA). The regulator also reports that many lenders are struggling to provide the data required for its assessment.

FCA warns motor finance lenders over costs of commission probe

Apr 12, 2024

The Financial Conduct Authority (FCA) has issued a warning to motor finance firms they must maintain adequate financial resources at all times, in light of potential claims arising from the regulator’s review of the historical use of motor finance discretionary commission arrangements (DCA). The regulator also reports that many lenders are struggling to provide the data required for its assessment.

 
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Arkle to climb Arkle

On 11th May the Arkle Finance team will be climbing Arkle Mountain in the far North-West of Scotland in aid of Alzheimer’s Research UK. It is a long-held ambition of Arkle’s Managing Director, Daniel Bailey, to climb Arkle’s name-sake. Dan explains that Arkle Finance was named after the famous racehorse that achieved notable Cheltenham Gold Cup success – a nod to Arkle’s racing heritage as part of the Weatherby’s Banking Group. It was the racehorse that was named after the mountain.

Arkle to climb Arkle

Apr 11, 2024

On 11th May the Arkle Finance team will be climbing Arkle Mountain in the far North-West of Scotland in aid of Alzheimer’s Research UK. It is a long-held ambition of Arkle’s Managing Director, Daniel Bailey, to climb Arkle’s name-sake. Dan explains that Arkle Finance was named after the famous racehorse that achieved notable Cheltenham Gold Cup success – a nod to Arkle’s racing heritage as part of the Weatherby’s Banking Group. It was the racehorse that was named after the mountain.

Paragon Bank supports JOB Logistics to grow its business through asset finance

Blackpool-based JOB Logistics has expanded its business and opened a new recycling centre with the long-term support of Paragon Bank’s SME Lending division. Since working with Paragon Bank in 2020, JOB Logistics has purchased three waste tipping vehicles and a weighbridge through asset finance, totalling £95,000.

Paragon Bank supports JOB Logistics to grow its business through asset finance

Apr 11, 2024

Blackpool-based JOB Logistics has expanded its business and opened a new recycling centre with the long-term support of Paragon Bank’s SME Lending division. Since working with Paragon Bank in 2020, JOB Logistics has purchased three waste tipping vehicles and a weighbridge through asset finance, totalling £95,000.

Societe Generale to sell SGEF to Groupe BPCE

The much-anticipated sale of Societe Generale Equipment Finance (SGEF) remains on-track with today’s announcement that Societe Generale has signed a memorandum of understanding with Groupe BPCE. As part of the proposed acquisition, Groupe BPCE will take over most of SGEF’s activities, except for the Czech Republic and Slovakia which will remain part of Societe Generale.

Societe Generale to sell SGEF to Groupe BPCE

Apr 11, 2024

The much-anticipated sale of Societe Generale Equipment Finance (SGEF) remains on-track with today’s announcement that Societe Generale has signed a memorandum of understanding with Groupe BPCE. As part of the proposed acquisition, Groupe BPCE will take over most of SGEF’s activities, except for the Czech Republic and Slovakia which will remain part of Societe Generale.

 
 
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British Business Investments announces £15m facility to Performance Finance Limited

British Business Investments is providing a £15m facility to Performance Finance Limited. The transaction will be structured as a block discounting agreement that will allow Performance Finance to provide funding support to smaller businesses looking to acquire business-critical assets to accelerate their growth.

British Business Investments announces £15m facility to Performance Finance Limited

Apr 11, 2024

British Business Investments is providing a £15m facility to Performance Finance Limited. The transaction will be structured as a block discounting agreement that will allow Performance Finance to provide funding support to smaller businesses looking to acquire business-critical assets to accelerate their growth.

How technology and sustainability are driving change in vendor finance

Analysis from John Rees, Asset Finance Connect’s head of equipment finance. In a world where data, technology and sustainability feature more and more in customer finance, the debate regarding captive, JV or vendor partnership continues. The equipment finance stream at the recent Asset Finance Connect Autumn 2023 Conference discussed the commercial merits of the structures in place between lenders and manufacturers to facilitate the OEM selling more products at strong margins and the finance company running a viable and profitable business.

How technology and sustainability are driving change in vendor finance

Apr 11, 2024

Analysis from John Rees, Asset Finance Connect’s head of equipment finance. In a world where data, technology and sustainability feature more and more in customer finance, the debate regarding captive, JV or vendor partnership continues. The equipment finance stream at the recent Asset Finance Connect Autumn 2023 Conference discussed the commercial merits of the structures in place between lenders and manufacturers to facilitate the OEM selling more products at strong margins and the finance company running a viable and profitable business.

Last chance to apply for the AFC Leaders Summit on Tuesday in Brussels to see our Keynote address from director general of Leaseurope, Richard Knubben

A flood of cheap Chinese BEVs may look attractive to a region intent on reducing its carbon footprint to zero by 2050. But now the EU is faced with a deluge of auto imports, Ursula Von Leyen president of the European Commission, instead announced late last year an investigation into the supply of inexpensive, Chinese-made BEVs into Europe. The problem faced by the EU is that commercial realities are starting to intrude on their green objectives – and they face the prospect of losing their auto industry if they stick to their green deal timeline. This outcome is not acceptable. Faced with the prospect, the new message coming out of the Commission is that Green Deal objectives will be tempered by economic necessity from now on.

Last chance to apply for the AFC Leaders Summit on Tuesday in Brussels to see our Keynote address from director general of Leaseurope, Richard Knubben

Apr 11, 2024

A flood of cheap Chinese BEVs may look attractive to a region intent on reducing its carbon footprint to zero by 2050. But now the EU is faced with a deluge of auto imports, Ursula Von Leyen president of the European Commission, instead announced late last year an investigation into the supply of inexpensive, Chinese-made BEVs into Europe. The problem faced by the EU is that commercial realities are starting to intrude on their green objectives – and they face the prospect of losing their auto industry if they stick to their green deal timeline. This outcome is not acceptable. Faced with the prospect, the new message coming out of the Commission is that Green Deal objectives will be tempered by economic necessity from now on.

Aston Barclay appoints new Auction Centre Manager for Wakefield 

Aston Barclay has appointed Dean Ashworth as Wakefield’s Auction Centre Manager. With over two decades of experience in the automotive sector, Dean joins from Available Car, where he worked as General Manager. Prior to this, Dean held roles at Marshall Motor Group, Manheim and Inchape, working with brands such as Audi, Porsche and Volkswagen.

Aston Barclay appoints new Auction Centre Manager for Wakefield 

Apr 11, 2024

Aston Barclay has appointed Dean Ashworth as Wakefield’s Auction Centre Manager. With over two decades of experience in the automotive sector, Dean joins from Available Car, where he worked as General Manager. Prior to this, Dean held roles at Marshall Motor Group, Manheim and Inchape, working with brands such as Audi, Porsche and Volkswagen.

Time Finance appoints new head of marketing

SME finance provider, Time Finance, has appointed Caroline McDonald as the new Head of Marketing in a move that will support the business’ long-term growth strategy as it nears the end of its strongest trading year to-date. Caroline brings over 20 years of experience in business finance, having held senior marketing roles for a number of funders including Aldermore and Catalyst Business Finance and more recently with broker focused organisations, including The Broker Hub and Funding Xchange.

Time Finance appoints new head of marketing

Apr 11, 2024

SME finance provider, Time Finance, has appointed Caroline McDonald as the new Head of Marketing in a move that will support the business’ long-term growth strategy as it nears the end of its strongest trading year to-date. Caroline brings over 20 years of experience in business finance, having held senior marketing roles for a number of funders including Aldermore and Catalyst Business Finance and more recently with broker focused organisations, including The Broker Hub and Funding Xchange.

Who will be named CEO of the Year at the AFC Summer Awards 2024?

Does your chief executive deserve to recognised as the CEO of the Year for a noteworthy contribution to their organisation and the equipment or auto finance industry? Open to any chief executive, head of asset finance, auto finance or equipment finance, intermediary or managing director, nominate your leader today!

Who will be named CEO of the Year at the AFC Summer Awards 2024?

Apr 09, 2024

Does your chief executive deserve to recognised as the CEO of the Year for a noteworthy contribution to their organisation and the equipment or auto finance industry? Open to any chief executive, head of asset finance, auto finance or equipment finance, intermediary or managing director, nominate your leader today!

 

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Barclays leads Funding Xchange Series B funding round

Barclays leads FXE’s Series B funding round, which is open to a consortium of FXE clients. The fu...

Barclays leads Funding Xchange Series B funding round

Apr 11, 2024

Renaissance Asset Finance backs growth of family run haulage business with a £546,100 facility

Renaissance Asset Finance (RAF), the asset finance subsidiary of Arbuthnot Latham, recently suppor...

Renaissance Asset Finance backs growth of family run haulage business with a £546,100 facility

Apr 10, 2024

Paul Goodman steps down as chair of the NACFB

The National Association of Commercial Finance Brokers (NACFB) has announced the resignation of Pa...

Paul Goodman steps down as chair of the NACFB

Apr 10, 2024

Ocado's deliveries get the green light after securing Shawbrook funding

Ocado Retail Ltd (Ocado), the UK’s fastest growing supermarket, has secured a multi-million pound ...

Ocado's deliveries get the green light after securing Shawbrook funding

Apr 10, 2024