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FLA comment on BBB Small Business Finance Markets Report
Tuesday, 20 February 2018
Commenting on the British Business Bank’s (BBB) Small Business Finance Markets Report 2017/18 published today, Simon Goldie, Head of Asset Finance at the FLA, said:   “The 12% growth in asset finance new business that went to SMEs in 2017 demonstrates that leasing and hire purchase are vital sources of funding for these businesses.
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SFP completes sale o Tilon Composites and saves all jobs
Tuesday, 20 February 2018
Nationwide insolvency practitioner, SFP, has completed a sale of the business and assets of Tilon Composites Limited, saving the jobs of all 22 employees in the process. 
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Rising costs weigh on small retailers as wellbeing message gets through
Tuesday, 20 February 2018
Responding to the slowest growth in retail sales since April 2017 over January 2018, Federation of Small Businesses (FSB) National Chairman Mike Cherry, said:  “Rising costs, surging business rates and slow domestic growth are all weighing on small retailers. One in three expects their business performance to worsen over the first quarter of this year. More than a third see flagging consumer demand as a barrier to growth and a quarter are concerned about labour costs.
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Henry Howard Finance shortlisted in three categories by Finance Awards Wales
Tuesday, 20 February 2018
Henry Howard Finance (HHF), one of the UK’s largest independent finance houses, is celebrating the highest number of nominations for all businesses shortlisted in the inaugural Finance Awards Wales.  
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Carillion’s demise: what lessons can we learn?
Tuesday, 20 February 2018
As the dust begins settling on the collapse of Carillion, we move to the damage assessment phase – but question marks remain over the fate of at least 43,000 jobs. 30,000+ small businesses are thought to be owed money by the firm, and although credit insurers have confirmed that they will pay out compensation totalling £30 million, that only accounts for a small portion of the debt owed. Carillion had £1.5 billion worth of outstanding payments, a £2.6 billion pension debt and issued three profit warnings in just five months. 
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Ashley Finance reports year of bridging success
Wednesday, 14 February 2018
SME finance specialist, Ashley Finance has announced significant new business growth for its bridging product, with a 95% increase in new customers compared to 2016, including a milestone loan of £2.2m - its largest to date - following its launch in Scotland and an increased investment in its bridging team.
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Small businesses performance on the rise - UK tech industry driving growth
Tuesday, 13 February 2018
Days after official documents were leaked claiming that the UK will be considerably worse off in 15 years’ time regardless of which deal is signed with the EU, small business confidence continues to hold firm for the fourth consecutive quarter - according to new data from the British Business Barometer by Hitachi Capital Business Finance.  
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Bibby Financial Services launches Invoice Discounting for commercial Trade Finance
Tuesday, 13 February 2018
The UK’s largest independent invoice financier, Bibby Financial Services (BFS), has extended its Trade Finance proposition to include Invoice Discounting for commercial businesses with turnover of up to £5m.  
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Businesses unprepared for threats to disability rights post-Brexit, survey finds
Monday, 12 February 2018
Crucial gains for disability rights secured by the business community must not be reversed post-Brexit due to a lack of planning and preparation, Business Disability Forum has warned.  
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Reward Finance celebrates another record month as it adds four more to its team
Monday, 12 February 2018
Reward Finance Group, the Leeds and Manchester-based alternative finance provider, has set another monthly income record, gained 15 new clients, and added £6m of lending in the first month of the year.  
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Asset finance market records seventh consecutive year of growth
Friday, 09 February 2018
New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in 2017 – the seventh consecutive year of growth. New business in December 2017 increased by 4% compared with the same month in 2016.  
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