26/05/2017 - Shares in Alfa Financial (previously CHP Consulting) leapt as high as 425p in early trading and by mid-afternoon of its launch day the company was valued at £1.25 billion, which is substantially more than challenger banks like . .read more...
Enjoy LeasingWorld Digital magazine, powered by Flickread. To try the digital magazine . .read more...
1pm plc has announced the acquisition of Intelligent Financing Limited, trading as Intelligent Loans (“iLoans”), a brokerage engaged in the packaging of secured Bridging loans, Second Charge loans and Commercial Mortgages.read more...
After the immediate howls of pain die down from those wounded by the latest, and thankfully last, Spring Budget, will SMEs be left with a feeling that the Budget, the Chancellor, the Treasury, and hence the powers that be are basically downbeat on business?read more...
New figures for January, released by the Finance & Leasing Association (“FLA”) show that asset finance new business grew by 16pct in January, compared with the same month in 2016.
The January stats included broker driven activity showing a rise of 27pct (!) which was heartening as the recent talk in the broker industry had been about a quiet early January for some, indeed BrokerWorld had noted in its January edition DATA page that Q4 2016 was the first time in 3 years that a quarter was lower than the year previous.read more...
Our expert on all leasing matters budgetary, accounting and taxing, George Tonks, Partner at Invigors EMEAA LLP, gives his first impressions of the Budget as follows:
The Chancellor delivered an upbeat, but rather undramatic Budget speech (his first and last March Budget, as he will revert to an Autumn Budget in future). The overall tone was positive, with the economy faring better than forecast in the previous Autumn Statement and conveyed a message of being in control of the process of getting public finances back in shape.
However, for many asset finance companies, the most important part of the Budget was not covered by this speech . .
Crime doesn’t pay, or does it? Six years after the Total Asset Finance fraud was discovered, the guilty parties finally collected 44 years in jail between them. We would comment that the process of law took far too long in this case. Two brokers collected a 10 and a 15 year term between them, and an employee of a funding bank who had accepted nearly £900,000 in bribes for continuing to approve the dodgy deals got 7 years. We asked industry veteran John Bennett of JB Associates, who has seen it all before, for his thoughts.
He said, “Another old style leasing fraud – but any new lessons? It was a simple fraud, based on . . .read more... Comments (3)
New figures released by the Finance & Leasing Association (“FLA”) show that asset finance new business (primarily leasing and hire purchase) grew by 5pct in 2016 – the sixth consecutive year of growth. The figures also remind one that it has taken many years to reach 2008 levels again, in terms of asset finance volumes, although that is partly due to the virtual disappearance of the big ticket leasing business . .read more... Comments (1)
Societe Generale Equipment Finance (“SGEF”) has appointed seven top industry veterans to new positions in its organisation, without spending a penny on headhunters or recruitment company fees! This is how it was done . . .read more... Comments (2)
Hampshire Trust Bank (“HTB”) the specialist bank asset finance, property finance and commercial mortgage bank, has announced the appointment of Jon Maycock as Managing Director of Asset Finance.
In his role as head of the Asset Finance business, Jon will focus on enhancing both the broker and block discounting channels. This will involve continued investment in IT systems and broadening the bank’s proposition to the broker market, while exploring new opportunities to grow the Asset Finance business in line with Hampshire Trust Bank’s strategy. The existing heads of broker and block discounting businesses will report to Jon.read more...
Adam Tyler has sought to combine his unique combination of knowledge of the Business Lenders and Funders in the UK and the Broker market coupled with deep connections into the Small Business community and a big reach into Westminster to launch of FinancemyBusinessonline, a new Finance Platform that aims to become the best way to find Business Finance for SMEs.read more... Comments (1)
Don't worry if you missed some of the asset finance Christmas events, you can catch up with all the big ones here in our two Christmas issues of Leasing World magazine, photos and all, with our compliments.read more...
2016 was clearly a year of continuing acquisitions, kicking off straightaway in January, and apart from a Brexit pause for breath, continuing right the way through till December, with the acquisition of Renaissance Asset Finance by Arbuthnot Latham, announced at Christmas.read more...
Adam Tyler, chief executive of the National Association of Commercial Finance Brokers (NACFB), pictured here on the right looking relaxed at the recent LW Awards Dinner, is to stand down after 11 years. Seconded from NatWest in 2005, Adam Tyler joined the NACFB when it was in its infancy.
When Adam arrived, the Association was run from a small office above a Gift Shop in Exeter with one member of staff looking after 400 members and 48 Patrons. Over the past 11 years Adam has, with the input of a Board of volunteer members, guided and nurtured the Association to its current position in the commercial financial arena.
Today, the NACFB is a highly successful central London based Association with 14 staff representing a membership of 1600 across all the commercial finance disciplines supported by over 140 industry Patrons.read more... Comments (1)
This year's LW Awards Dinner featured a Twitter Wall first for the asset finance industry, and a prize of a bottle of of champagne was offered for the best photo tweeted on the night. The photo that got most Likes, and resonated most with the event was judged to be the double winners award photo of Syscap and Wesleyan:
Winning Photo (please tell email@example.com who took the pic!) plus runners-up:
read more... Comments (1)
The LW Awards Dinner 2016 was immensely enjoyed by those who attended, especially the winners of one of the 18 awards to be won or any of the dozen desirable raffle prizes kindly donated by the companies of those attending, ranging from a weekend vineyard experience with a stay in a 5-star hotel, to a bottle of James Bond 007 Bollinger champagne.
The new larger venue, necessary to accomodate the now 260 strong audience, proved to be much to everyone's liking, with its modern feel, multiple AV screens and TwitterWall, sponsored for us by Liberty Leasing, and was a fitting setting for Lord Mitchell, returning invigorated after a year's break from the Awards ceremony, to address the leasing community represented on the night with a rousing speech for the industry to embrace change and the sharing economy.
The charities nominated by our headline sponsor, Hitachi Capital Business Finance, were Macmillan Cancer Support, and Brompton & Harefields hospitals, and the guests raised well over five thousand pounds in cash (plus a few euros, and IOUs!) on the night thanks to Johnnie Halliday's Heads n' Tails game sponsored by NetSol Technologies, and the Charity Raffle made possible with prizes donated by attending companies.
The judges commented that the standard of submissions this year was impressively high, and many categories were very close run, but the final winners were:
BUSINESS FINANCE CHAMPION- Aldermore Business Finance . .read more...
Many of our readers working for large companies enjoy reading LW magazine each month in digital form, as it comes as part of their Corporate Subscription. However, as well as corporates, we'd like asset finance professionals as individuals to sample what the digital LW experience, so CLICK HERE to enjoy LW issue 111 (Yes, we've been publishing Leasing World for nearly 11 years!).
If you enjoy what you've read, then drop us an EMAIL HERE to find out our low-cost digital subscription offer, we'll do our best to make it worth your while!read more...
Congratulations to Mike Hartley, Managing Director of Praetura Asset Finance Ltd - British Business Bank Investments Ltd, the commercial arm of the British Business Bank, has announced an £18 million investment in Blackburn and Manchester-based Praetura Asset Finance. The investment, comprising £15 million of matched funding and an additional £3 million of expansion capital, will support at least £36 million of smaller business finance. This is the first British Business Bank Investments Ltd transaction to combine matched and unmatched funding in this way.read more...
The Brokers and Specialist Awards categories shortlists are:
UK INDEPENDENT LESSOR OF THE YEAR
Liberty Leasing Plc
BROKER OF THE YEAR Sponsored by Aldermore Business Finance
First Independent Finance
Premier Asset Finance
All the Leasing World Awards entries are in, and we can finally announce that we have sixty entries competing for seventeen Awards, and our congratulations to the worthy entrants. The judges are sharpening their pencils, and getting ready to apply their razor sharp criteria to the very high quality submissions in their category folders.
Our judges are scrupulously fair, sworn to confidentiality, and are duty-bound to raise their hands at the slightest possibility of a conflict of interest on any submission. There are six judges, split into two panels, chaired by John Bennett, our long-serving chairman and arbitrator.
It’s a competitive field in the categories, with established heavyweights pitted against up-and-coming contenders. Broadly speaking there are four groupings to the Awards:
1) Major Funders
2) Major brokers and Specialists
3) Service companies
4) Individual recognition
We shall be announcing the shortlist for each grouping day-by-day, starting today with the shortlist for the major funder awards. The Major Funder Awards categories shortlists are:
BUSINESS FINANCE CHAMPION Sponsored by Great American Insurance Group
Aldermore Business Finance
Hitachi Capital Business Finance
Siemens Financial Services
Grant Thornton has produced an analysis of the mechanics of leaving the EU, an assessment of some of the external factors that may affect our organisations over the coming months and years, and a summary of the different models for trading relationships outside the EU. It can be found on their website at http://www.grantthornton.co.uk/brexit
They urge organisations to consider not only legal and regulatory changes but also market reactions . .
International and EMEA leasing news is available on the Leasing World International APP for iPad, iPhone, and Android devices, and is free to download. For those looking to view on their PC . .read more... Comments (1)
Ultimate IFRS16 session . .read more...
Leaseurope is launching a series of roundtable meetings across Europe to discuss leasing as a key source of finance for SMEs. The aim is to explore the national SME financing landscape and improve the understanding of leasing as a valuable form of investment finance, as well as identifying any potential obstacles hindering its use by local SMEs and how these could be tackled at national and ultimately European levels . .read more...
Independent business funder, Bibby Financial Services (“Bibby”), has announced that Steven Box has taken on the role of International Chief Executive Officer. In addition to Bibby’s European businesses, as of 1 January 2016 he is responsible for operations in Canada, USA, India, Hong Kong, Singapore and Malaysia . .read more...
It has been widely trailered in the Dutch and international press that Rabobank Group is in preliminary talks with banks, institutional investors and private-equity firms that may bid for its leasing unit, De Lage Landen International BV, in a sale that may fetch as much as €4.5 billion, according to various sources.read more...
Leaseurope, the trade association representing the European leasing and automotive rental industries in Europe, has announced that its Board of Directors has unanimously appointed Leon Dhaene as Director General effective 1 December 2015. Leon Dhaene succeeds Tanguy van de Werve who left Leaseurope to join AFME, the Association for Financial Markets in Europe, to head their Brussels Advocacy Office.read more...
LeasePlan Corporation N.V has reached a record level of 1.5 million vehicles worldwide, a landmark it considers as confirming its global market leadership . .read more...
How much does it cost to get into a highly paid career in leasing, that has a touch of glamour about it? There is a way, so how might one go about it?read more...
In Vietnam, the HCM City People's Court has handed down death penalties to two former executives, one a leasing executive, for embezzling the equivalent of approximately $5.2 million and abuse of power while running state leasing companies.read more...
Agos Ducato (a subsidiary of Credit Agricole Consumer Finance) has become Sword Apak’s third Italian based client to date. Expanding its wholesale operations in Italy by introducing main dealers into its business portfolio, Agos needed a robust platform to support its expansion plans. Having reviewed the options, it selected Sword Apak to implement its state-of-the-art Wholesale Floorplanning System (WFS) v6. This is the second implementation for Sword Apak under the Credit Agricole umbrella with Netherlands based bank Ribank already a well-established WFS client . .read more...
Supposing a firm leases a fleet of cars from a lessor, and overnight all those cars have to be recalled for the same fault. The usual lease agreement says the lessee has to keep paying whether the asset is available to use or not.
But what if the lease is through the car manufacturer’s leasing captive?read more...
Did Google google their new name Alphabet before adopting the new handle? Because within a few hours of receiving the Google Alphabet announcement, our editor’s office received a terse email from Munich saying, “As being reported in the media, Google has founded a holding company called Alphabet. The website www.alphabet.com is owned by BMW Group . .read more...
GE has announced the $8.5 billion sale of GE Capital Healthcare Financial Services to US bank Capital One. This is less than the $10-$11 billion mooted in the press from “people close to the matter” just three or four weeks ago.read more...
Most people have heard of Uber, and know what it is - it’s a taxi service that’s given traditional taxi companies a lot to think about. But actually, Uber says it’s something different to that, Uber says it’s an App, and the App is now creating its own leasing company . .read more...
|Underwriter - Business Finance - CBC Resourcing Solutions
|Recoveries Executive - Financial Services - CBC Resourcing Solutions
|Internal Sales Manager - Professions Finance - CBC Resourcing Solutions
|Head of Credit - Asset Finance - CBC Resourcing Solutions
|National Account Manager - Automotive - CBC Resourcing Solutions
|Account Manager - Financial Services - CBC Resourcing Solutions
|Asset Valuations Manager - CBC Resourcing Solutions
|Internal Sales Support Asset Finance - The Oakland Partnership
|Sales Administration Manager Asset Finance - The Oakland Partnership
|Internal Sales Executive Asset Finance - The Oakland Partnership
|Senior Credit Manager Asset Finance - The Oakland Partnership
|Business Development Manager Asset Finance - The Oakland Partnership
|Collections and Recoveries Account Manager- Financial Services - The Oakland Partnership
|Credit Underwriter Asset Finance industry - The Oakland Partnership
|Equipment Specialist ( Asset Manager ) - middle ticket bank asset finance Central London - salary range up to £70,000 + all bank benefits - Robinson Toms Recruitment
|Account Manager Construction Transport Industrial Assets sales area all of UK South of Milton Keynes base salary up to £45,000 potential bonus up to 35% of salary company car or car allowance and excellent benefits. - Robinson Toms Recruitment
|Business Development Manager Manufacturing & Engineering Asset Finance Birmingham , Worcestershire & Herefordshire. Salary to £45,000 plus up to 8% of gross profit paid on every deal paid monthly & paid on every transaction plus volume bonuses of up - Robinson Toms Recruitment
|Business Development Managers Construction & Recycling Asset Finance Hampshire and all of South West South of M4 Salary to £45,000 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
|Business Development Managers Construction & Recycling Asset Finance East Anglia & Essex Salary to £45,000 plus up to 8% of gross profit paid on every deal paid monthly & paid on every transaction plus volume bonuses of up to £45,000 a year. Totally - Robinson Toms Recruitment
|Global Account Manager IT Vendor Finance Paris , on target earnings 100,000 base is 60% of OTE , plus totally uncapped earning potential plus all usual large company benefits including a company car. - Robinson Toms Recruitment
|Senior Sales Support Executive - Asset Finance - Central London to £50,000 salary + benefits - Robinson Toms Recruitment
|J2092 - Internal Sales Manager - UK, London - Asset Finance - New Leaf Search
|J2091 - Payouts Administrator - London - Asset Finance - New Leaf Search
|J2089 - Asset Manager - UK, London - Asset Finance - New Leaf Search
|J2050 - Senior Sales Support Executive - London - Asset Finance - New Leaf Search
|J2045 - Credit Manager, Commercial Finance, EurAsia - UK, Gtr London / SE Eng - Asset Finance - New Leaf Search
|J2079 - Business Development Manager, Technology Leasing - UK, SE Eng Pref - Asset Finance - New Leaf Search
|J2076 - Credit Risk Analyst - UK, S Eng - Invoice Finance - New Leaf Search
|Underwriter - Asset Finance - THC Recruitment
|General Ledger within Agricultural and Construction Equipment - THC Recruitment
|Motor Finance - New Business Development - THC Recruitment
|Underwriter - Asset Finance - THC Recruitment
|Payouts Administrator - Asset finance - THC Recruitment
|Graduate Opportunity - Move into Leasing and Contracts - THC Recruitment
|Motor Finance Dealer BDM - Move into Asset Finance - THC Recruitment
Leasing World's authoritative leasing publication is published 10 times per annum, and is available on a subscription basis, in hard copy and in digital formats. BrokerWorld magazine is published 12 times per annum, and is available in hard copy only. Twice weekly enewsletter updates are free to register for, the banner and link is on this home page. A specially tailored Leasing World International Edition App is available in iTunes and Android stores.
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Leasing World is a hard copy magazine, which is mailed monthly to our subscribers. A digital version is available with two or more hard copy subscriptions. The typical edition features UK leasing news, surveys and legal pieces, plus shorter European and International leasing news stories. Special columns include Systems etc (software providers), Top of My Mind (latest legal info), Aspects of Fraud, City Chatter (a City lessor's blog, need we say more), Meanwhile Back in the Office, Recruitment Map, and Moves. There are always special features that examine a particular area of leasing, plus corporate profiles, conference coverage, and a Leasing events calendar.
Click on the image to download a free sample copy.