In Reference Appointments & Updates
The continuing reports of an encouraging bounce-back in used cars, coupled with a level of pent-up demand have helped Mann Island Finance to achieve two successive record-breaking months in finance volumes, but as head of sales Andy Muir points out these external factors were aligned to crucial internal activity, noting: “We took the lock-down period as an opportunity to step up our level of dealer and customer engagement, remaining prominent in supporting and guiding the dealer network and in helping customers facing financial challenges. At the same time, we re-energised our business development approach. “Our move to home-based working has
proved very successful and allowed us the time to really focus on our dealer orientated finance company mentality and included within this was the development of specific roles for business development and account acquisition. Finally, we have not faced the lending constraints experienced by some and have looked to support customers through the financial difficulties COVID-19 has placed on them whilst also maintaining our risk appetite for new lending.”
Nucleus Commercial Finance has digitised the end-to-end user journey for all finance applications, including loans through the Coronavirus Business Interruption Loan Scheme (CBILS). Following significant investment in technology and a pilot to test it is capabilities, businesses and brokers now benefit from almost instant decisions on applications up to £250,000, ensuring SMEs can secure the funding they need quickly and easily. Chief executive, Chirag Shah, said: “In
this challenging environment, businesses need access to flexible finance, and they need it fast. Over the past 18 months, we have invested heavily in technology to
As a part of its continued commitment to support small business owners, Hitachi Capital Business Finance has launched its very first Smart Business Planning programme to help owners of small firms develop a tangible business plan for companies looking to scale and grow. This comes at a time of uncertainty for UK businesses
and, with many businesses looking for ways to get their business back to a point of profitability or to grow even further. Research from Hitachi Capital Business Finance shows more than four in five small businesses (83%) are putting in place specific action plans to try to secure growth as lockdown is eased and this an additional resource to help give them the best chance of success. The new programme is available to all small business leaders and is designed
Gavin Wraith-Carter
with flexibility in mind, they can be used as a set of tools and guides altogether or individually depending on the particular needs of the small business owner. Gavin Wraith-Carter, managing director at Hitachi Capital Business Finance
commented: “At Hitachi Capital, we have been working with SMEs for 35 years and know that time and resource is sparse. Despite the pandemic, small business confidence has bounced back with speed and we want to provide additional help where necessary so that these leaders can meet their business goals in the months ahead. The new programme will provide a robust frame- work for their business and help encourage them to think of ways to improve what they already have.”
deliver the best outcomes for our customers, resulting in a much smoother process for introducers and businesses alike. Our investment does not stop here as we always look to the future, in order to be the best partner to Britain’s businesses.”
OakNorth Bank has completed a £20m loan-on-loan facility to Ultimate Finance Group, the specialist asset-based lender. Ultimate Finance Group has completed
over £90m of bridging facilities in the last four years, with a spread of clients across the UK. The capital from OakNorth Bank will help support Ultimate Finance Group with its fast-growing bridging loan book, providing vital short-term funding to enable property developers and investors to complete
Emma Gervasio has been appointed by enforcement integrator Just to assist in the final developments of its virtual enforcement solution. She has previously worked with Her Majesty’s Courts
and Tribunals Service on the strategy, design, rollout planning and testing of the Virtual Hearings service. Ms Gervasio’s experience and learning from this project is an invaluable asset to the Just virtual solution.
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projects and have the breathing space to secure sales or long-term finance. Josh Levy, CEO of Ultimate Finance
Group, said: “Bridging finance is a significant and vital source of capital to the UK property market, particularly given the funding void caused by current market conditions. We are delighted to partner with OakNorth Bank to support the next phase of our growth, with a clear match between our service-led proposition, that prioritises speed and flexibility, and OakNorth’s strengths. We see a clear need for bridging finance in the market and look forward to working closely with the team at OakNorth Bank to take advantage of the opportunities ahead, aided by their deep understanding of the property market.”
A global FinTech company Ferratum continues its successful cooperation as the title sponsor of the FIA WorldRX, started in 2019, this time bringing in its own Ferratum Team, led by the Finnish driver Jani Paasonen. The goal of the team for the 2020 season
Emma Gervasio
is ambitious – to get into all finals in this year’s races. In the future, the team aims to
www.CCRMagazine.com September 2020
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