Activity in the Asset Finance market has enjoyed something of a rebound according to the latest FLA figures. New business increased by 7% in April compared to the same month in 2017 and helped growth over the previous 12 months creep up by 3%.
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United Trust Bank’s Asset Finance division was approached by DJB Finance & Leasing Ltd to assist one of their longstanding customers.
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Figures from the Finance and Leasing Association (FLA) showed a mixed bag of performance for the different sectors during 2017. Funding of plant and machinery in December 2017 just 1% higher than in December 2016,
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United Trust Bank’s Asset Finance BDM for the North and Scotland was approached by a broker with a client looking to fund the £250,000 purchase of some new trailers.
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United Trust Bank (UTB) was approached by an existing broker partner representing a client who had the opportunity to purchase a commercial property at a very advantageous price,
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United Trust Bank’s Professional Lending department was recently asked to consider a proposal for a family-owned chartered accountancy firm. The company wanted to establish a wider presence and reduce competition in their area,
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United Trust Bank’s Asset Finance team was approached by a supporting broker representing a successful trailer hire and MOT/servicing business based in Bedfordshire.
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Professional Indemnity Insurance can be one of the largest single payment obligations for a professional practice each year, so trying to secure the most cost-effective cover is the first hurdle for many firms.
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