All articles by Claire Hack
Claire Hack
Seeking to retain customers
Captives in IT which picked up business from cash-strapped customers during the downturn are predicting continued high business volumes as companies return to liquidity For companies like Cisco Capital, and its channel partners, the recession provided a window of opportunity during which it was able to introduce new customers to financing options.
Lombard backs Burnley printer
A Burnley-based food packaging company has secured £1.25m (1.52m) of financing from Lombard for a new printing press. Learoyd Packaging sought asset finance from the RBS subsidiary to fund a new £1.75m Windmoller & Holscher press, its third new press in five years. Learoyd Packaging MD Allan Ferguson said: As the business expands its critical that we continue to provide customers with the product and service that they are used to.
SHFL upgrade
US-headquartered IT solutions company NetSol Technologies has announced it has signed a LeaseSoft licence upgrade agreement with UK funder Singers Healthcare Finance Ltd (SHFL). SHFL will now upgrade to the latest version of NetSols LeaseSoft asset management software, giving it access to functionality enhancements including specific enhancements to support the specialist area of health care operating leases. SHFL CEO Susan Hinton-Smith said: We have enjoyed a successful relationship with NetSol, and this upgrade agreement is made in the certain knowledge that NetSol delivers on its promises.
Proposed taxes threaten Hungarian leasing
The Hungarian leasing market is facing a potentially devastating challenge from a radical new financial regime that could see tax levied on revenues.
Close Bros expects good performance
Close Brothers Group has said it is confident of a sturdy performance for the year to 31 July, following good organic growth in its asset and motor finance arms. However, Close reportedly warned bad debts are still sensitive to economic conditions, and added its loan book totalled £2.9 billion (3.5 billion) at 30 June, up from £2.6 billion at the end of January
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ING Lease and MAN win Polish bus contract
A consortium formed of the Polish arms of ING Lease and MAN Truck & Bus has been awarded a contract to supply buses to serve the countrys capital. The vehicles will be supplied at a total cost of 118.3 million PLN (28.8 million).
EFL wins recognition for ‘expertise and professionalism’
Polish lessor Europejski Fundusz Leasingowy (EFL) has received a total of five accolades between February and June this year. At the beginning of the year, business publication Rzeczpospolita ranked EFL first out of a total of 525 competitors in the category Best Financial Institution of 2009
Leasedrive Velo wins deal with charity
UK vehicle management group Leasedrive Velo has scooped a four-year fleet management contract with learning disability charity Mencap Steven Harrington, Mencap procurement manager, said: As with any charity, we have to think carefully about costs and appreciate the fact that the group has accommodated the way we operate through the flexibility of its invoicing and payment processes.
NetSol signs agreement with Singers Healthcare
US-based IT solutions company NetSol Technologies has announced it has signed a LeaseSoft licence upgrade agreement with UK funder Singers Healthcare Finance Limited (SHFL) LeaseSoft is a suite of asset-based leasing software aimed at improving business processes by providing solutions able to handle multi-asset and multi-lingual transactions
Avolon acquires aircraft from Air Berlin
Irish aircraft leasing group Avolon has announced it has acquired two Airbus A320 aircraft from German carrier Air Berlin, which is the fifth largest airline in Europe