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October BrokerWorld App ready to Download

October edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

This month's edition has news of acquisitions, LW Awards Dinner photos and a solid analysis of the post-Brexit economy, from Investec Asset Finance.

As well as having live links to all the website addresses and email addresses in th emagazine, including adverts, this month we've initiliased the live telephone link feature as well. This means that if you are on your mobile device, clicking on any telephone number will bring up the message "Do you want to Call this Number?" and clicking OK immediately dials the number.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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September edition of BrokerWorld is out

September edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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BrokerWorld APP - August edition

August edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android.

The APP editions are free so ignore any requests for passwords or suchlike, just download the relevant edition you'd like to read, and enjoy!

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July BrokerWorld APP is out

July edition of BrokerWorld is ready to download and read - you'll find the APP on iTunes and Google Play.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. Alternatively these are the links: For iPhones and iPads ; For Android

The APP editions are free so ignore any requests for passwords or suchlike, just  download the relevant edition you'd like to read, and enjoy!

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No Brexit Blues here

Twice a year, at midsummer and Christmas, the Asset Finance - Professionals Association (“AF-PA”) put on a great networking do in a relaxed venue somewhere in Central London. This summer saw it at the Sports Bar and Grill, in fashionable Clerkenwell, and the supported charity was the Air Ambulance Service. 
As AF-PA’s flyer stated, “Has there ever been a time when there has been more of a need for the industry to be meeting? With the results of the recent election, there are likely to be significant changes to all of us, how will funders be impacted, how will the outcome affect you?”
Good question, so we went round with our memo recorder to hear some of the range of unattributed opinions from funders and brokers, and here are a few:

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Twitter board at Leasing World Awards!

The new venue for our Hitachi Capital Business Finance sponsored Leasing World Awards Dinner 2016 at Hilton London Bankside offers many exciting possibilities, especially on the audio-visual side. Three large AV screens are available in the ballroom itself, and we are pleased to announce that tech-savvy Liberty Leasing will be managing one of the screens with a moderated realtime Twitter Board, using our Awards Dinner hashtag #LeasingWorldAwards, so we look forward to a stream of live tweets on the night . .

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The 2016 Leasing World Awards have begun

The Awards have Begun!There can be no doubt that the night of the Leasing World Awards Dinner offers huge enjoyment to its guests, with many elated spirits, and maybe even a few stifled sniffles by the end of the night.

Our headline sponsor for the fourth year running is Hitachi Capital Business Finance, and once more our thanks go to them for supporting our event and our industry so staunchly. As the event grows bigger every year, we have moved to a larger venue, to the banqueting halls of Hilton London Bankside, Great Suffolk Street, London SE1 0UG, which (for those familiar with the NACFB) is just a short walk from the NACFB’s Annual Dinner venue. 

In recognition of the improved facilities there, and the sense of occasion, this year we are requesting Black Tie from the gentlemen. 

All the broker funders will be there, as well as many of the other mainstream funders, and more and more broking firms as our Awards categories this year offer brokers so many more opportunities to win.

To see the new Categories, Judging Criteria and Key Dates . .

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1PM boosts portfolio

1PM continues its march towards significantly growing its portfolio, with the purchase by its wholly-owned subsidiary, Academy Leasing Limited (“Academy”), of a book of receivables for a consideration of £1.6 million, satisfied in cash on completion.

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NACFB monitors State of the SME Nation

This month's LW magazine features a profile of Adam Tyler, and the organisation he heads, the NACFB. To read Adam's views on the state of the SME Nation, and a number of other crucial topics . . 

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April BrokerWorld is on the APP

April edition is ready to download and read.

If you're not yet using the BrokerWorld APP then go to the BrokerWorld APP on iTunes or Google Play, to download and install it. The app editions are free and here are the links . . .

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NACFB seeking new staff

Due to expansion and growth within the Association, there are two excellent opportunities to join the NACFB to ensure the smooth running of the office on a daily basis. To see the job descriptions . . .

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Too many regulations?

Over a hundred delegates attended the Broker Seminar in London on April 11th, sponsored by Close Brothers Business Finance, Hitachi Capital Business Finance, Aldermore Business Finance, and United Trust Bank. Joanne Davis, Partner at Locke Lord UK LLP, gave major presentations on the FCA Handbook as it applies to credit brokers, and how to approach the maze of ARs, IRs, agents and other routes through the broker chain.

* The 64-page delegate FCA Handbook is now available to view on the BrokerWorld APP.

We did some video interviews afterwards, asking Gavin Wraith-Carter if there were too many regulations, and Adam Tyler for his views on the new proposed Minimum Standards for Brokers.
This is what they had to say . . .

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1PM acquires Bradgate Business Finance

1PM, the AIM listed provider of finance to the SME sector, has announced the acquisition of Bradgate Business Finance Limited (“BBFL”) for an aggregate consideration of up to £2.75 million, comprising £2.20 million payable in cash on completion, and up to a further £0.55 million in shares over the next three years subject to certain performance targets being achieved

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Praetura to open in the South

Having reached a £50 million lending book in 2015, its second year in business, Praetura Asset Finance is turning its attention to better servicing the needs of a growing Southern client base with the launch of a new regional hub . .

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Practitioners budget views

Carl D Ammassa & Nick SimpsonWe caught up with Carl D'Ammassa, Group MD of Aldermore Business Finance, and Nick Simpson, MD of Asset Finance Solutions UK, in the relaxed atmosphere Aldermore's corporate hospitality rooms at Cheltenham Races on St Patrick's day, the day following the UK's March Budget. Carl's team had already been the first to issue official press release comment on Budget day, so what were the views 24 hours later? Click the pic to see the video.

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The LeaseTeam Aspire system for brokers

Brent Walmsley, UK Business Development leader for Leaseteam software solutions, is enthusiastic about the asset finance intermediaries market and its growth and professionalisation over recent years. He sees an important role for his company's Aspire™ technology solution to assist the indusstry in its continued development . .

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Experts 5 point plan for broker acquisitions

Readers will recall that given the increase in M&A activity in our industry we ran several articles on the subject, including contributions from two of the key private equity companies involved, Cabot Square Capital and STAR Capital, which talked about what they look for when taking the measure of a leasing acquisition. To round off the series, we asked Nick Parkhouse, an Executive Director at Ernst & Young LLP if he had any advice to give to those independent lessors and brokers who saw themselves as potentially selling their business, or raising capital, and here’s what he told us . .

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Aiming for five in a row

Martin Nixon, Head of United Trust Bank Asset Finance ("UTB") writes: If the majority of voters decide that we will be better off outside of the EU, the implications of a withdrawal for British businesses, particularly those which export to Europe, could be far reaching. Businesses which have over borrowed on the back of lower rates and relaxed credit may come under further pressure if the spectre of rising interest rates returns, and those funders who have been stretching their criteria on marginal transactions may find . .

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Latest Broker statistics

Broker Stats to Dec 2015

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British Engineering discounts

To celebrate and recognize the outstanding contribution, strength and success of the British Manufacturing and Engineering industries, Hitachi Capital Business Finance is offering all introducers a reduced finance rate on CNC machines . .

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March BrokerWorld out on the APP

March BrokerWorld magazine APP is out on the AppStore and Google Play, featuring details of the BLME / Renaissance Asset Finance acquisition, and Profiles for fast growing funder Praetura Asset Finance, and software solutions provider Leaseteam Solutions UK. PLUS a case study from Vehicle & Asset Finance utilising funding and an RGF grant from Close Brothers Business Finance, more asset finance news, association news and business volume statistics for the year Jan-Dec 2015.

For more instructions for downloading the APP, click here . .

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Adam Tyler to stand down from NACFB

L-R: Ray Wells & Jan Szmigin with Adam TylerAdam Tyler, chief executive of the National Association of Commercial Finance Brokers (NACFB), pictured here on the right looking relaxed at the recent LW Awards Dinner, is to stand down after 11 years. Seconded from NatWest in 2005, Adam Tyler joined the NACFB when it was in its infancy.

When Adam arrived, the Association was run from a small office above a Gift Shop in Exeter with one member of staff looking after 400 members and 48 Patrons. Over the past 11 years Adam has, with the input of a Board of volunteer members, guided and nurtured the Association to its current position in the commercial financial arena.

Today, the NACFB is a highly successful central London based Association with 14 staff representing a membership of 1600 across all the commercial finance disciplines supported by over 140 industry Patrons.

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TwitterWall Best Pic Winner

This year's LW Awards Dinner featured a Twitter Wall first for the asset finance industry, and a prize of a bottle of of champagne was offered for the best photo tweeted on the night. The photo that got most Likes, and resonated most with the event was judged to be the double winners award photo of Syscap and Wesleyan: 

Winning Photo (please tell editor@leasingworld.co.uk who took the pic!)  plus runners-up:

Winning Photo tweet

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A great night of Awards and Rewards

A great atmosphere!The LW Awards Dinner 2016 was immensely enjoyed by those who attended, especially the winners of one of the 18 awards to be won or any of the dozen desirable raffle prizes kindly donated by the companies of those attending, ranging from a weekend vineyard experience with a stay in a 5-star hotel, to a bottle of James Bond 007 Bollinger champagne. 

The new larger venue, necessary to accomodate the now 260 strong audience, proved to be much to everyone's liking, with its modern feel, multiple AV screens and TwitterWall, sponsored for us by Liberty Leasing, and was a fitting setting for Lord Mitchell, returning invigorated after a year's break from the Awards ceremony, to address the leasing community represented on the night with a rousing speech for the industry to embrace change and the sharing economy.

The charities nominated by our headline sponsor, Hitachi Capital Business Finance, were Macmillan Cancer Support, and Brompton & Harefields hospitals, and the guests raised well over five thousand pounds in cash (plus a few euros, and IOUs!) on the night thanks to Johnnie Halliday's Heads n' Tails game sponsored by NetSol Technologies, and the Charity Raffle made possible with prizes donated by attending companies. 

The judges commented that the standard of submissions this year was impressively high, and many categories were very close run, but the final winners were:

BUSINESS FINANCE CHAMPION- Aldermore Business Finance . .

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Try Leasing World magazine on digital reader

Many of our readers working for large companies enjoy reading LW magazine each month in digital form, as it comes as part of their Corporate Subscription. However, as well as corporates, we'd like asset finance professionals as individuals to sample what the digital LW experience, so CLICK HERE to enjoy LW issue 111 (Yes, we've been publishing Leasing World for nearly 11 years!).

If you enjoy what you've read, then drop us an EMAIL HERE to find out our low-cost digital subscription offer, we'll do our best to make it worth your while!

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Praetura in £36m boost

Congratulations to Mike Hartley, Managing Director of Praetura Asset Finance Ltd - British Business Bank Investments Ltd, the commercial arm of the British Business Bank, has announced an £18 million investment in Blackburn and Manchester-based Praetura Asset Finance. The investment, comprising £15 million of matched funding and an additional £3 million of expansion capital, will support at least £36 million of smaller business finance. This is the first British Business Bank Investments Ltd transaction to combine matched and unmatched funding in this way.

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Leasing World Awards Shortlists - Brokers and Specialists

The Brokers and Specialist Awards categories shortlists are:

UK INDEPENDENT LESSOR OF THE YEAR
1pm Plc
Asset Advantage
Key Finance
Liberty Leasing Plc
PEAC Finance
Shire Leasing

BROKER OF THE YEAR Sponsored by Aldermore Business Finance
Bluestone Leasing
First Independent Finance
Premier Asset Finance

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Leasing World Awards Shortlists - Major Funders

All the Leasing World Awards entries are in, and we can finally announce that we have sixty entries competing for seventeen Awards, and our congratulations to the worthy entrants. The judges are sharpening their pencils, and getting ready to apply their razor sharp criteria to the very high quality submissions in their category folders.
Our judges are scrupulously fair, sworn to confidentiality, and are duty-bound to raise their hands at the slightest possibility of a conflict of interest on any submission. There are six judges, split into two panels, chaired by John Bennett, our long-serving chairman and arbitrator.
It’s a competitive field in the categories, with established heavyweights pitted against up-and-coming contenders. Broadly speaking there are four groupings to the Awards:
1) Major Funders
2) Major brokers and Specialists
3) Service companies
4) Individual recognition

We shall be announcing the shortlist for each grouping day-by-day, starting today with the shortlist for the major funder awards. The Major Funder Awards categories shortlists are:

BUSINESS FINANCE CHAMPION Sponsored by Great American Insurance Group
Aldermore Business Finance
Hitachi Capital Business Finance
Metro Bank
Siemens Financial Services

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Grant Thornton campaigns for vibrant economy

Grant Thornton has produced an analysis of the mechanics of leaving the EU, an assessment of some of the external factors that may affect our organisations over the coming months and years, and a summary of the different models for trading relationships outside the EU. It can be found on their website at http://www.grantthornton.co.uk/brexit

They urge organisations to consider not only legal and regulatory changes but also market reactions . .

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Brexit: Humble pie can do you good?

In May’s Leasing World editorial comment I predicted a win for Remain with a 55pc-plus vote, otherwise there would be some serious Humble Pie consumed here. Well, I was wrong about the result and have consumed a goodly sized version of Humble Pie since, which wasn’t all that bad as I discovered that Humble Pie was historically a pie made by the medieval poor filled with whatever low quality scraps of meat that could be found, which I suspect makes it little different to the meat pies down our local pub, which is where I went to commiserate.

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Deadline extended for Leasing World Awards submissions

Submissions have been flowing in for Leasing World Awards categories. With many still in the pipeline, judging by the number of individual requests we have received for extensions, the official deadline for Awards submissions has been extended to JULY 29th.

Hilton London Bankside, our new venue which can hold up to 280 people has already taken 250 bookings and this year’s Leasing World Awards sponsored by Hitachi Capital Business Finance will be the biggest yet! The venue has state of the art AV equipment and this year we will be featuring a LIVE TWITTER BOARD on the night so those guests that are tweeters can Tweet as they eat, watch this space for our Awards Dinner Hashtag. Is this the first leasing event to feature a live Twitter Board?

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Shawbrook shares plunge on impairment

Shawbrook Group plc (“Shawbrook” or “the Group”), the specialist lending and savings bank, has announced in a Trading Update ahead of its Interim Results for the six months to 30 June 2016, that as a result of irregularities in one office in the Asset Finance part of its Business Finance division, the Group expects to book an additional impairment charge of c.£9 million in Q2 2016 on impacted facilities of £14.7 million. The irregularities, which have now been rectified, were the result of a number of loans being underwritten in the Asset Finance business that did not meet the business's strict lending criteria.

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Challenger wagons start to roll?

Paul Lynam, CEO of Secure Trust Bank has certainly enjoyed a Spring bank holiday blitz of press publicity. Firstly, we reported in May’s Leasing World that Paul would not “pay a penny!” to the Competition & Markets Authority’s (“CMA”) proposal for a website, paid for by the banks, for customers to compare the benefits of various bank accounts. Paul chairs the British Banking Association’s Challenger Bank panel . .

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Charity Skydive

We had previously reported that Mike Randall, who needs no introduction, would be jumping out of a plane from 14,000ft in aid of Cancer Research UK in May, his goal was to raise at least £5,000 for this wonderful charity. Well, Mike now reports that he made it! Together with his colleague Steve Williams they have raised over £9500 for cancer research, and survived a sky dive. And we have pictures to prove it!

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Dont miss this opportunity

If your business is in the intermediaries channel, and you are serious about your business, you really should consider attending or sending a representative this event.

Feeling FCA-ed out? You know what they say, once it starts, it never stops, but a unique aspect of the UK intermediaries channel is the desire on the part of funders and advisers to help brokers maximise their businesses within the gold plated standards required of the UK financial industry, of course the standards are high - we're in the most advanced financial environment on the planet.

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