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In Reference Appointments & Updates Appointments & Updates “This is worrying in light of the upcoming


termination of the Funding for Lending Scheme and Term Funding Scheme that will likely result in extra charges for borrowers and rising mortgage costs. “It is important that lenders do not have


a knee-jerk reaction to the scheme changes, for example by loosening their lending practices in an attempt to offset the impact. “In order to protect individual borrowers,


but also the wider economy, from a rise in unsustainable household debt, robust affordability checks must always remain integral to any lending process – regardless of the market conditions.”


Ultimate Finance has announced a record- breaking year of lending, with a 47% increase in cash lent to UK businesses, following investment in its national footprint, digital offering, and its strong core product range. Increased growth has been seen across its


invoice finance (up 42%), asset finance (72%), and trade finance (44%) ranges. CEO, Ron Robson, said: “The reason


behind the investment is simple. Our team talks to small-business owners on a daily basis and hears all about the problems they are faced with. It has been a difficult year due to political uncertainty following Brexit


Henry Howard Finance has received the highest number of nominations for all businesses shortlisted in the first Finance Awards Wales. Group chief financial officer Mark


Burn, has been nominated for Chief Financial Officer/Finance Director of the Year, while group financial controller, Mark Evans, has been shortlisted in the Financial Controller of the Year category. The company is also a finalist in the Finance Team (financial services) of the Year category. Mr Burn said: “To be finalists in three extremely competitive categories is


Mark Burn


a great achievement – and one that acknowledges the tireless efforts of our entire team. “With the support of the British Business Bank, we have significantly expanded our internal finance capabilities over the last two years.”


March 2018 www.CCRMagazine.com


China ranks amongst the hardest of countries for businesses to recover bad debts from. The findings come from Euler Hermes’ annual Collection Complexity Scores and Ratings report, which measures the challenges of international debt-collection procedures in 50 of the largest economies involved in global trade. Western European countries made up 14 of the top 16


countries in the rankings with the most straightforward collections processes. But many of the markets the UK government is targeting for post-Brexit trade deals have been identified as having ‘severe’ or ‘very high’ complexity in recovering debts. These include Saudi Arabia (first), United Arab Emirates (second), Malaysia (third), China (fourth), the USA, and Australia. Sweden, Germany, and Ireland were found to have the simplest systems. Milo Bogaerts, chief executive of Euler Hermes UK and Ireland, said: “Global


Milo Bogaerts


payment culture is a high-stakes game and varies widely between markets. The average global days sales outstanding was 64 days in 2017, but companies had to wait up to a nine-year high average of 89 days to get paid by customers in China in 2016 compared to 53 days in Germany and the UK, for example.”


negotiations, which has caused market unease. Despite this, the number of active businesses in the UK has continued to grow, and finding ways to better support them and meet their needs with new and unique products, was extremely important to us.”


Walker Morris has become a member of the Money Advice Liaison Group (MALG). Bob Winnington, executive officer of MALG,


said: “With no commercial, regulatory, or political agenda, MALG is uniquely placed to bring together all the ‘threads’ of the money- advice journey. “Our own regular national and regional


meetings and our annual conference provide an opportunity to interactively agree upon joint action to overcome the key challenges facing the money advice and wider sectors. Walker Morris’ contribution to this will be hugely valuable, and we are pleased to have them on board.” Rob Aberdein, partner at Walker Morris,


added: “We are delighted to announce we have become members of MALG. MALG is vital in bringing a diverse and different range of organisations together, to help raise awareness of problem debt. “Our membership will allow us to align


ourselves with other organisations that are able to work together, and exchange ideas in the prevention of personal financial difficulties.”


Flexys has launched a new product designed to help lenders and borrowers collaborate to avoid mounting debt. The company has created Flexys Labs, which is working on projects


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