The latest figures from the Finance & Leasing Association (FLA) show that asset finance new business grew by 5% in September, compared with the same month in 2018. Over the third quarter, new business was also 5% higher than in the same quarter in 2018. New finance for plant and machinery and business cars grew
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New business in asset finance grew by 5% in September to £2.9bn, according to figures released yesterday by the Finance and Leasing Association. New finance for plant and machinery and business cars grew in September by 15% and 4% to £623m and £712m respectively, compared with the same month in the previous year. By channel,
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Asset finance is a type of lending that gives you access to hard assets such as machinery, vehicles and equipment, and soft business assets such as software, office fittings and training. It can also enable you to release cash from the value in assets you already own. Paying cash upfront for business assets can be
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The UK Farming sector is an integral part of the UK economy as a whole with a total income of £3.7 billion and employing circa 500,000 people. At Global Asset Finance Limited we understand the challenges faced by the agricultural sector to drive forward successful and profitable farming businesses and we are committed to offering
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With a record £32bn in Asset Finance and Leasing funded provided last year, there is no denying that asset finance continues to grow in popularity as a means of business finance. Figures from the Finance and Leasing Association show that in 2017 asset finance funded almost a third of UK investment in machinery, equipment and
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It has become an increasingly popular topic of conversation that accounting rules for the leasing of assets is about to change. The accounting practices currently adopted by most UK businesses are covered within an internationally agreed accounting rule called IAS17, which recognises two types of lease: Finance Lease – on balance sheet Lease Purchase –
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Asset Finance & Leasing can open up a whole world of opportunity to businesses. After all, equipment can be expensive and financially risky to purchase outright. What happens if the purchase blocks up your cash flow, or the needs of your business change further down the line? Many business owners may feel reluctant to take
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It’s not quite time for Chris Rea to start singing about driving home for Christmas yet, but festive cards have found their way on to shelves and beautifully packaged bits and bobs declaring themselves as the ‘ideal Christmas gift’ are popping up here, there and everywhere. Christmas shopping on the whole used to be a
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Global economies face an $18 trillion shortfall in spending on infrastructure needed to cope with economic and demographic changes in the next 20 years, a new report warns. By 2040, global GDP is predicted to almost double from 2015 levels, with fast population growth concentrated in cities. The global population will increase by almost two
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