WINTER CHARITY PLEDGE

At Carrick Asset Finance we recognise the importance of giving something back. While our business is young, we’re extremely pleased with how our first few months of trading have gone and are very grateful for your business support.

We therefore thought it would be a good idea to channel this gratitude into a charity pledge, through which we’d like a variety of charities and community groups to benefit.

For every new proposal we receive and pay out from our introducer network between 1st December 2018 and 31st January 2019, we’ll donate £50 to the charity or community group of their choice. For the introducer generating the highest total donation over the period, we’ll double the amount going to the beneficiary.

We’ve got off to a great start and think some charitable giving on behalf of our introducers is a nice thing to do, particularly at this time of year.

From all of us at Carrick Asset Finance we wish you all a Merry Christmas and a Happy New Year!

Asset finance market reports new business up 9% in October

New figures released today by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 9% in October, compared with the same month last year.

The plant and machinery finance and business equipment finance sectors reported new business  up by 16% and 29% respectively, compared with October 2017, while new finance for commercial vehicles increased by 23% over the same period.

Commenting on the figures, Geraldine Kilkelly, Head of Research and Chief Economist at the FLA, said:

“The asset finance market made a strong start to the final quarter of 2018, with new finance for construction and agricultural equipment up in October by 27% and 19% respectively, compared with the same month in 2017.

“Asset finance new business in 2018 as a whole is likely to reach a record level, despite continued economic uncertainty weighing on business investment.”

 

Oct 2018

% change on prev. year

3 months to Oct 2018

% change on prev. year

12 months to Oct 2018

% change on prev. year
Total FLA asset finance (£m)

2,890

+9

8,058

+6

32,310

+3
Total excluding high value (£m)

2,683

+3

7,485

+2

30,215

+2

Data Extracts:

By asset:

Plant and machinery finance (£m)

572

+16

1,663

+10

6,601

+2
Commercial vehicle finance (£m)

821

+23

2,103

+10

7,849

+4
IT equipment finance (£m)

167

-19

711

+19

2,741

+19
Business equipment finance (£m)

253

+29

671

+12

2,614

+2
Car finance (£m)

763

-14

2,033

-13

8,915

-5
Aircraft, ships and rolling stock finance (£m)

76

+364

98

+125

308

-47
 

By channel:

Direct finance (£m)

1,360

-1

3,713

+1

15,044

0
Broker-introduced finance (£m)

578

+22

1,578

+14

6,002

+12
Sales finance (£m)

746

-2

2,194

-5

9,169

0
 

By product:

Finance leasing (£m)

430

+32

1,165

+24

4,075

+8
Operating leasing (£m)

520

-2

1,430

-11

6,063

-10
Lease/Hire purchase (£m)

1,653

+8

4,459

+6

17,702

+5
Other finance (£m)

195

-11

668

-1

3,055

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