CCR Magazine

You are here  :Home arrow News arrow Aldermore comments latest asset finance industry statistics
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


Aldermore comments latest asset finance industry statistics PDF Print E-mail
Monday, 16 May 2016
Carl D’Ammassa, Group Managing Director of Business Finance at Aldermore, said:  “The Finance and Leasing Association’s latest statistics highlight that the asset finance sector as a whole continues to show strong growth, with new business increasing by 10% since March last year – the highest level on record. This continues the trend of a steady increase in the number of businesses and consumers using asset finance since September 2013, and highlights the important role the industry plays in supporting economic growth.  

“This quarter’s growth was driven by the motor sector in particular, which continued to show very strong new business growth of 9% compared to Q1 2015. The IT equipment finance and business equipment finance sectors also saw impressive growth, with new business up by 29% (to £260 million) and 11% (to £226 million) respectively year-on-year. Interestingly, new business deals of up to £20 million saw an increase of 5% compared with last year, a trend we have seen reflected on our books at Aldermore, where there has been an increase in larger deals.

“New business sourced through brokers also saw strong gains of 11% compared to March 2015, especially in vendor finance. This shows the need for those in the lending industry to continue strengthening relationships with intermediaries and brokers, something we have placed particular focus on at Aldermore this year.

“The quarter ahead is likely to be more challenging, with market turmoil and uncertainty predicted around the upcoming EU referendum. For this reason, it’s even more telling that asset finance is continuing to grow despite a drop in business confidence.

“SMEs continue to be the cornerstone of the UK economy and it is vital they are able to access finance options which are tailored and suited to their individual needs. Asset finance is a great choice for many businesses, and I am pleased to see this is reflected in the latest FLA statistics, which continue to paint a very encouraging picture.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197