James George Recruitment launches in asset finance market as vacancies soar to highest for a decade

Experienced asset finance recruitment expert Adam Sommerville has launched his own agency to support the financial services sector. James George Recruitment, named after his two sons, will specialise in sourcing roles for asset finance executives alongside those looking for employment in accounting, banking, and supporting roles throughout finance. As managing director, Sommerville (pictured right) he will work alongside talent acquisition partner Victoria Rua (pictured left) from their offices in North Essex, UK.

James George Recruitment launches in asset finance market as vacancies soar to highest for a decade

Sep 13, 2021

Experienced asset finance recruitment expert Adam Sommerville has launched his own agency to support the financial services sector. James George Recruitment, named after his two sons, will specialise in sourcing roles for asset finance executives alongside those looking for employment in accounting, banking, and supporting roles throughout finance. As managing director, Sommerville (pictured right) he will work alongside talent acquisition partner Victoria Rua (pictured left) from their offices in North Essex, UK.

Aldermore offers SMEs finance based on “contractually complete deferred payments”

Aldermore has launched a new invoice finance product designed to support the growth ambitions of the UK’s small and medium-sized enterprises (SMEs). Receivables Finance aims to offer fast access to working capital by advancing against contractually complete deferred payments, thereby improving the cashflow of businesses by releasing the outstanding amount. The lender says the new option gives businesses the flexibility they need to grow and a financial safety net, without the need to wait for customer payment.

Aldermore offers SMEs finance based on “contractually complete deferred payments”

Sep 06, 2021

Aldermore has launched a new invoice finance product designed to support the growth ambitions of the UK’s small and medium-sized enterprises (SMEs). Receivables Finance aims to offer fast access to working capital by advancing against contractually complete deferred payments, thereby improving the cashflow of businesses by releasing the outstanding amount. The lender says the new option gives businesses the flexibility they need to grow and a financial safety net, without the need to wait for customer payment.

Industry bodies call for Chancellor to revisit leasing Super Deduction Allowance omission

The BVRLA and six other leading trade associations have written to the Chancellor, highlighting leasing industry concerns about restrictions on the eligibility criteria for the 130% super deduction allowance (SDA) announced in the spring Budget. The group pointed out that these fail to include leasing and short-term hire – two of the most common ways that businesses acquire new plant and machinery. As a result, only businesses that purchase new commercial vehicles or equipment outright can access the allowance – despite the fact that thousands of companies rely on leasing and rental to finance these acquisitions.

Industry bodies call for Chancellor to revisit leasing Super Deduction Allowance omission

Sep 01, 2021

The BVRLA and six other leading trade associations have written to the Chancellor, highlighting leasing industry concerns about restrictions on the eligibility criteria for the 130% super deduction allowance (SDA) announced in the spring Budget. The group pointed out that these fail to include leasing and short-term hire – two of the most common ways that businesses acquire new plant and machinery. As a result, only businesses that purchase new commercial vehicles or equipment outright can access the allowance – despite the fact that thousands of companies rely on leasing and rental to finance these acquisitions.

EMEA

Funding specialist fills wholesale finance gaps as banks focus on ‘vanilla’ assets

Aug 11, 2021

Asset finance companies will need to consider innovative ways of raising funds in response to a restricted flow of cash from traditional sources, according to a global financial expert. As customers look to finance more assets to meet economic growth following the pandemic, finance companies could face wholesale funding shortages for a variety of reasons. For example, banks may be looking to reduce their risk exposure or they may be responding to shareholder pressure and focusing investing on certain areas, such as green assets.

Americas

CIT upgrades B2B point-of-sale lending platform

Feb 20, 2020

The small business solutions arm of CIT Group has launched a new version of its point-of-sale lending platform. The platform is available online and on mobile devices to simplify financing for small business purchases of $2,500 or more. Business customers can shop for products, be approved for credit, select terms and receive electronic documents to secure their purchase electronically. The platform also provides real-time monthly payment quotes and automatically sends electronic documents to customers for review and e-signature.

Asia Pacific

Brand value of world’s largest banks contracts for first time since financial crisis

Feb 19, 2020

The total brand value of the world’s 500 largest banks has declined for the first time since 2009. Research by independent brand valuation consultancy Brand Finance found the global brand value of the top banks fell from $1.36 trillion at the start of 2019 to $1.33 trillion for 2020. Chinese banks occupy the top four places in the Brand Finance Banking 500, with ICBC retaining first place overall. It is the country’s biggest lender with 600 million customers.