All articles by Jason T
Jason T
1pm reports strong annual results
1pm, the small ticket SME lessor, has posted strong results for the year ending May 31 2009. Revenue at the AIM-listed lessor grew by 75 percent to £1.4 million (1.6 million) last year, while gross profit grew 8 percent to £574,000.
PCFG raises £1.35 million
In a market where many SME lessors continue to struggle with adequate funding lines, Private & Commercial Finance Group (PCFG) has conditionally raised £1.35 million (1.5 million) through a new share placing.
Nordic countries face improved outlook – Nordea
Nordic countries face an improved outlook in the coming months, according to a new report by Nordea.
EIB lends ?140 million to support Romanian leasing
The European Investment Bank (EIB) is lending 140 million to two Romanian banks, for them to support Romanian SMEs through leasing projects.
Lombard’s profits tumble
Pre-tax profits up at Iveco Finance, while A&Ls revenues drop 14 percent
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On the acquisition trail
AnaCap Financial Partners announced last month that it was buying Cattles Invoice Finance (CIF) from troubled subprime lender Cattles.
Quarterly European lessor results
Siemens Financial Services reported strong year-on-year results in its third quarter, although these were down compared to the previous quarter.
Still in business
Although pan-European lessors are keen to buy CITs vendor relationships, Toshiba and Avaya say they are sticking with the troubled lessor. Jason T Hesse reports.
Staying positive
Irv Rothman, president and chief executive of HP Financial Services, the second-largest IT leasing captive in the world, speaks to Jason T Hesse about his business and where he sees the market going. HP Financial Services is IT equipment giant Hewlett-Packards captive finance company, and is present in 40 countries directly, with another 10 countries indirectly.
Smartfundit.com accused of misleading investors
Allegations have emerged that the now-defunct lease broker, Smartfundit.com, and its parent Corporate Computer Lease were involved in financial mismanagement prior to their collapse into administration in June.