Lombard, the asset finance division of the RBS Group, is actively seeking funding opportunities in road transport, bucking the trend which has seen several lenders leave the market since 2008. Lombard’s head of commercial transport, Derek Pridmore, says it is not the case that operators looking to fund new vehicles have little choice but to use manufacturers’ captive finance offering. “We financed £250m of truck sales in 2011, making Lombard the biggest single funder of CVs in the UK,” he […]
With UK banks under constant fire for failing to lend to British businesses, it is refreshing to talk to a banker who is positively eager to work with UK operators. Graham Winslet is sales director of BNP Paribas Rental Solutions, a wholly-owned subsidiary of BNP Paribas, one of the strongest banks in the world (rated AA by Standard & Poor’s). He is responsible for growing the CV contract hire business, which currently owns around 15,000 CVs in France and the UK.
Close Brothers Asset Finance is heading to Freight in the City Expo this year to speak with operators looking to upgrade their fleets to meet clean air zone requirements.
Former Euromix Concrete finance director David Marsh has been disqualified for eight years from any involvement in the promotion, formation or management of a company. It came after he provided the Insolvency Service with a disqualification undertaking, having admitted to fraudulent abuse of an invoice discounting facility.