Asset Finance

Asset Finance Figures Increase Despite all the market uncertainties surrounding the are-we-in-or-are-we-out Brexit fiasco, asset finance figures have been achieving ever-higher levels of new business overall. Record new business The March 2019 report from the Finance and Leasing Association (FLA) shows a record level of monthly new business of £3.7 billion. That’s up 11% on March 2018. Taking Q1 2019 as a whole, new asset finance business also increased by 11% over Q1 [...]

Asset Finance Continues to Grow Despite Uncertainty It might be hard to believe but, in the midst of the turmoil around the UK’s exit from the European Union, there are positive signs in the FLA’s most recent set of statistics on asset finance volumes. The newly published figures show growth of 4% for the twelve months to the end of January 2019 against the same period last year, and the rolling three-months to [...]

Asset Finance Remains Popular The latest figures from the FLA tell a positive story about the asset finance market’s robustness during 2018. Despite widespread market fluctuations (not helped by Brexit), with the exception of motor finance, the amount of asset finance provided to UK businesses, across all the other sectors the FLA monitors, showed month on month and year on year growth when compared to 2017.  In 2018, the overall value of new [...]

Annual Investment Allowance Increases Tax relief for investment in business assets In the 2018 budget Phillip Hammond announced the most generous Annual Investment Allowance increase ever.  January 2019 marks the point at which the new £1 million allowance limit comes into force. The Annual Investment Allowance delivers 100% tax relief in the year of purchase on the cost of a wide range of assets, including plant and machinery, LCVs, HGVs and other commercial [...]