In Reference Appointments & Updates
iPortalis has launched a new software portal for the management of cloud services. The iPortalis Control Portal (iCP) is a
provisioning, management and billing control portal that automates many of the complex and time-consuming tasks associated with employee lifecycle management. It is used today by multi-national enterprises and over 90 service providers, including many of the world’s largest hosters such as Apptix, Tata and NTT. “Our new iCP Marketplace enables
organisations to purchase the latest versions of popular cloud (and on premise) services, and assign them to individuals and groups of users across an entire organisation via a single user interface” said Eric Hanig, CTO, iPortalis.
Consumer confidence is vital to car buying and the recent rise in the UK Base Rate to 0.75% could dent this confidence, given an estimated 80% of car buyers need credit to finalise their purchase. A further challenge could be the emergence of more stringent underwriting in the lending market, with arrears levels reportedly rising also. Changing credit conditions may be
unwelcome, but on a more positive note, Sword Apak’s analysis suggests that, even with tighter credit conditions, dealers can succeed by adopting a more targeted approach to used car financing opportunities as executive vice president, James Powell, said: “The recent increase in the UK Base Rate will impact motor retailing, with its inevitable knock-on effect on loan rates, underwriting and the cost of wholesale stocking. “A potential ‘silver lining’ to this is that
tighter underwriting is more likely to impact personal loans than secured loans, which could make dealer finance a more attractive option for consumers. We saw something similar immediately following the credit crunch in 2009, when access to personal loans became more difficult and often more expensive for many consumers.”
The impact of prolonged Brexit negotiations is taking its toll upon the UK automotive sector, warns Atradius. A new economic report by Atradius highlights that economic uncertainty has led to a 6% drop in new car
October 2018
The Go Wild Bury Private Day Nursery & Creche is now operating under new ownership and management following its acquisition by Pourya Kaveh from Elaine Patel, who opened the nursery in 2015. The purchase was facilitated via a structured loan from the Manchester office of SME lender, Reward Finance. Mr Kaveh said: “Elaine has created
Clive Briggs with Pourya Kaveh and children
a fabulous business, which provides excellent care for children in the area. There is a huge potential for the business to attract additional children by providing facilities seven days a week in the future and in different formats. “We are located next to the shopping centre, which attracts 265,000 customers
a week, as well as the market and The Rock, so we are ideally placed to provide crèche facilities to shoppers.”
registrations in the first half of the year and a significant decline in investment; from £1.7bn in 2016 to just £347m in H1 of 2018. Atradius’ Automotive Market Monitor goes on to predict a rise in non-payments and insolvencies across the sector this year alongside the potential for future disruption. “Uncertainty is not just a frustration to
business, it is a potential catalyst for failure as it diminishes confidence and undermines the foundation for future growth,” said Tom Danson, head of commercial for the Atradius Midlands region.
Banking Circle has launched Banking Circle Receivables Factoring. Through this new lending solution, PSPs can now offer their merchant customers the facility of instant settlement of receivables due, without waiting for settlement cycles or invoice due dates.
JBW Group has announced it has fully acquired the shares of Phoenix Commercial Collections, with funding provided by OUTSOURCING Inc.. Phoenix will continue to be managed
separately to JBW and will retain its brand and management team, led by managing director, Paul Caddy. Mr Caddy said: “The coming together
of our two companies follows detailed discussions which commenced in 2017. “It was clear from those discussions that
both JBW and Phoenix share a common vision for the industry and the future of enforcement that places intelligent customer service, performance delivery and high ethical and professional standards at its core.” As part of this announcement, Howard
Jones and Fred Ternent, the founders of Phoenix will retire from the business.
The Money Advice Trust has appointed Vineeta Manchanda and Rebecca Wilkie as members of its board of trustees as of 1 September 2018. They replace Claire Whyley, Merrick Willis, and Sian
Williams on the board whose terms of service have come to an end. Adam Sharples, chair of the Money Advice Trust, said:
“I am delighted to welcome Rebecca and Vineeta on to the Board of Trustees. They bring with them a wealth of knowledge and expertise which will be of great benefit to the Money Advice Trust. With demand for the trust’s services continuing to remain high, our work in helping people to tackle their debts and manage money with confidence is more important than ever.”
Rebecca Wilkie
www.CCRMagazine.com 49
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