World Leasing Yearbook 2015   SUBSCRIBE     

Latest Jobs

Construction/Agricultural Equipment Finance – Area Manager - THC Recruitment
Motor Warranty Sales - Account Manager (Field Based) - THC Recruitment
National Account Manager - Motor Finance - THC Recruitment
National Account Manager - Motor Finance - THC Recruitment
Broker Sales Manager – Asset and Motor Finance - THC Recruitment
Broker Sales Manager – Asset and Motor Finance - THC Recruitment
Customer Support Executive – UK, Gtr London / SE Eng – 1701 – Asset Finance - New Leaf Search
Credit Analyst, Flow Business – UK, SE Eng - 1700 – Asset Finance - New Leaf Search
Internal Account Manager, Brokers Channel - UK, Gtr London / Surrey – 1652 – Asset Finance - New Leaf Search
Senior Broker Development Manager, Agriculture – UK – Flexible Location – 1640 – Agriculture Finance - New Leaf Search
Business Development Manager, Office Equipment - UK, NW Eng – 1693 – Asset Finance - New Leaf Search
Business Development Manager, Office Equipment - UK, SE Eng – 1685 – Asset Finance - New Leaf Search
Credit Analyst – Corporate Asset Finance – Central London , salary range to c£65,000 maximum + company car or car allowance + all usual bank benefits including a year end paid performance bonus. - Robinson Toms Recruitment
Asset Recovery Services Manager – Paris , example range OTE €100,000 to c€120,000 typically 60% base salary plus all usual benefits. - Robinson Toms Recruitment
Area Manager Dealer Motor Finance – York , Leeds area , salary range to £35,000 , OTE Year 1 £42/47,000 year 2 £47/52,000 - Robinson Toms Recruitment
New Business Development Manager – Inventory Finance – Hard & Soft assets – UK South location preferred but flexible – Salary £75,000 + 25% bonus plus company car & all large company benefits including generous pension. - Robinson Toms Recruitment
Sales Manager – IT Finance – UK South - Salary range to c£75,000 ( max ) + 35% on target earnings with potential to 50% plus company car or car allowance & all usual large company benefits. - Robinson Toms Recruitment
Enterprise Account Manager - IT Finance - Southern Europe - Must be France or Spain located - EXCELLENT PACKAGE - Robinson Toms Recruitment
Territory Manager - Home Counties - CBC Resourcing Solutions
Collections Manager - CBC Resourcing Solutions
Collections Manager - CBC Resourcing Solutions
Customer Support Executive - CBC Resourcing Solutions
Audit Manager - Asset Finance - CBC Resourcing Solutions
Relationship Manager - Agricultural Banking - CBC Resourcing Solutions



Brokers need some Forex cover

It has been a strong start to 2015 for the UK’s commercial finance brokers, states Investec Asset Finance. The wider economy is in recovery and companies feel increasingly secure and positive about the future so are investing for future growth. This growing confidence, along with the current strength of sterling is making the purchase of new and upgraded equipment from international suppliers increasingly attractive . .


Driverless cars

The BVRLA has welcomed the news that the Government is giving the green light for testing of driverless cars on public roads. Certainly, the amount of time spent driving up and down the UK by leasing execs is currently a horrendous waste . .


DWF staff raid

The tug of war between provincial asset finance law firms has flared into a fully fledged hijacking with Shoosmiths recruiting five lawyers for its asset finance team from the Manchester and Birmingham offices of DWF . .


SME optimism fuels plans

More than two-fifths of small and medium sized businesses across the UK say that trading conditions are improving, with just over half (52 percent) saying that they will invest in their business during 2015. Results of the latest Close Brothers Business Barometer also reveal that a third (34 percent) of businesses in the SME sector believe their business will expand over the course of this year . .


Tea and cupcakes at Shire

March, 2015 celebrates a significant milestone in the history of Tamworth-based Shire Leasing PLC. Celebrating its 25 year anniversary this month. Speaking to staff on Monday during a celebratory morning of tea and cupcakes, Chairman Martin Smith was keen to stress the importance of Shire as a business with good, honest values, “We very much run this business as a family business even to this day . .


White Clarke Group Global Leasing latest

The White Clarke Group Global Leasing Report continues a history of tracking the worldwide market for leasing products for more than 30 years and has become the leading analysis of country trading environments and world trends in auto and asset finance. Ed White, President & CEO White Clarke Group, author of the report, summarizes the tenor of the latest edition, which can be downloaded at . .


BrokerWorld conference Preview

A timely event, introduced by executives from the FLA and the NACFB, and offering comprehensive Broker Guidance on the actual regulations governing brokers, gathered from the Consumer Credit section of the Financial Conduct Authority’s Handbook . .


NACFB judges other associations

Adam Tyler, CEO of the National Association of Commercial Finance Brokers (“NACFB”), was among the judges invited to support The [Trade] Association Excellence Awards 2015. Hosted by none other than the Right Honourable Michael Portillo, for once not on a train visiting somewhere, these awards reward the top trade associations in the UK in their various categories . .


A complimentary copy of BrokerWorld

Here's a read for the weekend perhaps, a downloadable copy of BrokerWorld, the UK's dedicated magazine for leasing and asset finance brokers. If you like what you see then send us an email by CLICKING HERE, and we'll put you down for our forthcoming free APP version coming out next month.


Used LCV sales boost

27/02.2015 - Leading UK vehicle finance provider, Close Brothers Motor Finance, predicts strong sales in the used Light Commercial Vehicle(“LCV”) market throughout this year, as volumes in the sector rose at the start of the year. This view is supported by the latest research from British Car Auctions which showed that the average value for a used van sold by them was


Hitachi Capital UK: changes at the top

26/02/2015 - Robert Gordon has been appointed CEO for Hitachi Capital (UK) Group, effective 1 April 2015. This follows the move of current CEO and Hitachi Capital Corporation Executive Officer for Europe and the Americas, Chris Shirai, to focus more directly on the organisation’s activities in the United States and Canada . .


Avoiding boom and bust in the broker market

26/02/2015 - In a thoughtful look at the prospects for 2015, Carl D’Ammassa CEO of Aldermore Asset Finance, which specialises in financing SMEs through the broker channel, said, “I’m optimistic about the outlook for UK business. During 2014 we saw business confidence increase, a stronger desire to grow amongst SMEs and increasing appetite from them to invest to in capital equipment. Aldermore has had a successful 2014, pinned to the confidence and growth of UK SMEs and we expect 2015 to be another strong year for business. [Aldermore Asset Finance revealed in January a portfolio size of £1 billion to SMEs] . .


End of the pan-European dream for vendor?

With CIT having closed down its European vendor operations, and major European banks slimming over recent years due to shrinking capital bases, running down international vendor operations as “not core business” has been on the agenda. Many banks have sharply focused their product offering to their customers’ needs and pruned their services to concentrate on those requirements, which has at least kept direct leasing within the mix. But vendor leasing is usually pushing money out to non-customers, and ones who typically will not become bank customers either, so has fallen out of favour in many places. This has been a mega U-turn for the vendor leasing industry . .


Robert Peston says You lot are the good guys

25th February, 2015 - It was sweet recognition at last for the leasing and asset finance industry when none other than Robert “bank-basher” Peston addressed the c.1500 audience at the Finance & Leasing Association Annual Dinner at the Grosvenor House in Park Lane, Mayfair, with the opening words, “You lot are the good guys, right,” to a massive roar of approval from one of the most overlooked sections of the financial services industry.

Robert Peston at the FLA dinner 2015Peston, the BBC’s Economics editor, is well-known for his TV reporting and almost single-handedly leading the British public through the credit crisis, with eagerly awaited TV reports explaining what what was really going on. One could safely say he has become one of the country’s most trusted voices on the subject, almost a national treasure, and with his new look a strong candidate for the next Dr Who as well (?).

But back to the main event, generously sponsored by DLL and Locke Lord among others, it was an evening on which absolutely everything went right. The Great Ballroom was absolutely packed to the gunnels, FLA Chairman Nigel Clibbens, of Lombard, gave a solid and well thought out speech, giving some food for thought on new regulations on broker remuneration, and a snippet that the Chamber (?) of Clearing Banks have commissioned a piece of work to consider the future of financial trade associations - whatever next?


GE Capital Fleet calculator launch

A new online “Buy or Lease” tool has been launched by GE Capital, Fleet Services, for use by fleets. Fleet managers can enter key details such as the kinds of cars and vans operated, their normal replacement cycle, annual mileage and current age. The tool then produces a financial breakdown forecasting the estimated costs of each acquisition method . .


Barclays Bank targets SMEs

We have been reading a news bulletin that says, “Barclays Bank is targeting SMEs by launching an Asset Finance Centre of Excellence in a move aimed at deepening its penetration of the small and medium enterprises (SMEs) sector . .


Eversholt sells wagons

Rolling stock leasing company Eversholt Rail Group has reached an agreement to sell its entire fleet of freight wagons to the British subsidiary of Paris-based wagon leasing company, Nacco, for an undisclosed sum . .


Leaseurope Future Group Report

Leaseurope’s 2014 Future Group publication showcasing the innovative ideas generated by the 2014 Future Group Class, has been released. Invigors Senior Partner Chris Boobyer, and Partner Richard Ryan [Invigors LLP is part of The Alta Group] provided coaching and facilitation to the 2014 Future Group Class. The report can be downloaded . .


Still difficult for SMEs

25th February, 2015 - Commenting on the Business, Innovation and Skills (“BIS”) Committee’s report, Government Support for Businesses, Stephen Sklaroff, Director General of the Finance & Leasing Association ("FLA"), said, “There is much to welcome in the report, not least the British Business Bank’s comment to the committee that the major demand for finance is now for investing in new fixed assets . .


EU optimistic on leasing

18/02/2015 - The results of the Leaseurope/Invigors European Business Confidence Survey which was conducted in December 2014, have now been published. The December 2014 findings indicate that the optimism evident earlier in the year has continued, with many of the survey’s measures showing an ongoing improvement from the previous survey conducted in June 2014 . .


NACFB: Europe wants to know

4th December, 2014 - The National Association of Commercial Finance Brokers (“NACFB”) were invited to the EU Conference on SME Funding and Bank Relations, in Brussels, on December 2nd. This event was part of a wider debate across all the EU states to help small businesses get better access to finance. It gave CEO Adam Tyler, on behalf of the Association . .


Investec launches container finance

Investec Asset Finance plc (“IAF”) has launched a new specialist container box finance offering, led by Keith Glasscoe, as it seeks to build a significant portfolio in the asset class. Keith Glasscoe has more than 25 years experience in the Asset Finance sector and joined Investec six months ago with a mandate to originate larger sized deals with high quality corporate credits. Before joining Investec, Keith held senior positions at Barclays and Bank of Scotland, including leading the Structured Transport Finance team at Bank of Scotland for 10 years . .


More huge VAT bills

A PwC press release says: Banks, insurers and other financial services firms across Europe face extra VAT costs running into £100 millions in the UK alone, following an ECJ judgment in September. The ruling means services supplied between a group’s headquarters and its branches may now be subject to VAT. Today’s judgment concerned Skandia America Corporation and the Swedish Tax Authority. Other tax authorities across the EU will now consider how they implement the rules.

Stephen Morse, tax partner at PwC, commented: “The case significantly expands the VAT net for financial services firms. Banks and insurers are likely to be affected most. It’s standard for head office costs to be shared between a group’s subsidiaries. Any internal costs between a firm’s branches will now face VAT, rather than just the external costs. 

Many financial services firms will see their VAT bills soar . .


Fireworks at Barcelona Convention?

Tanguy van de WerveCommenting on a preview of the three best innovation projects from Leaseurope’s Future Group Programme, Director General, Tanguy van de Werve, said, “It has been a great four meetings this year, again with many first-rate ideas. The Future Group session at the Annual Convention in Barcelona promises to be explosive!”

“We are very encouraged by the numerous messages of support we have received from CEOs across Europe, saying how useful this Leaseurope’s Future Group initiative proves to be. An e-publication presenting all the class of 2014 projects will be released by year-end, in line with Leaseurope’s objective to give back to the industry,” he added.



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