After a prolonged period of stagnation things are finally looking up for the British economy. Green shoots are beginning to spring across the statistical landscape. The OECD has nearly doubled the UK’s 2013 growth forecast to 1.5 per cent.
However, bank lending to businesses remains low, and fell in 2012 – so what’s fuelling growth in the UK?
Article published in Director of Finance Online – February 2014
LONDON – 22ND OCTOBER 2013: Maxxia, provider of enterprise-wide financing solutions and part of the Australian McMillan Shakespeare Group, has strengthened its UK operations with the acquisition of CLM Fleet Management.
CLM is a specialist vehicle fleet management company established in 1981 with a fleet of more than 12,000 vehicles. It provides a full range of vehicle management services to the fleet sector.
Maxxia will now run CLM’s independent vehicle management service, enhancing the […]
With banks still reticent to lend, asset financing offers a viable and reliable alternative source of funding as businesses prepare for a return to growth, says Maxxia’s CEO, Roger Skinner.
Business confidence is returning to both the UK and global economies, with many firms expected to invest more this year in anticipation of a return to growth. Yet bank lending to businesses is subdued against a backdrop of increased capital requirements and a risk-averse outlook.
Schools are assigning an increasing amount of their budget to technology, and are also developing sustainability strategies. Maxxia’s Steve Bellamy offers practical advice on using asset financing to bridge the two.
Article published in Independent Education Today – July 2013
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The Government’s extension of the Funding for Lending Scheme to asset based lenders, invoice finance houses and leasing firms was met with cynicism from the business community. Many have been quick to comment that the initiative is “no game changer” and that it will do nothing to increase demand for credit, which apparently remains low.
Interview with Fleet News - published 25/03/13 A new business has launched into the UK fleet market promising a new approach to company car and commercial vehicle funding. Called Maxxia, the business is a 50/50 joint venture between the founders of Visper Asset Finance and established Australian company McMillan Shakespeare, which also includes Interleasing and Holden Leasing among its divisions.