Companies using IFRS accounting standards, which include all listed companies, are now in the process of ensuring that they comply with the new regulation, IFRS 16, which stipulates that the value of leased assets and all associated payments due are shown on company balance sheets. The new rules applied from 1 January 2019 and the...Read More

The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. Under the new standard, companies will recognise new assets and liabilities, bringing added transparency to the balance sheet. At present, many analysts adjust financial statements to reflect lease transactions that companies hold off-balance sheet. For the...Read More

Philip Hammond presented his budget on 29 October 2018 against a backdrop of relatively slow economic growth but with something of a windfall in terms of unexpectedly high tax receipts during the past twelve months. A significant spending commitment had already been pledged to the NHS and Theresa May had promised an end to ‘austerity.’...Read More

Keeping on top of technology trends is one of the most important indicators of survival, especially for small and medium businesses. According to a survey from Couchbase and Vanson Bourne, most executives believe that keeping pace with digital transformation is the key to staying in business. But despite this, the vast majority of SMBs simply...Read More

Our world is now dominated by talk of a new industrial revolution, one that takes digitalisation and artificial intelligence to new and unprecedented levels. However, for all the talk about driverless cars and cryptocurrencies, there are many businesses that do not take full advantage of proven technology which has been available for many years. ESIGN...Read More

Telecoms and smartphone financing specialist Lease Telecom has appointed James Phillips the role of Managing Director following his 25 year reign at mobile and telecoms provider, Access Communications. James Phillips takes the mantle as the Sussex-based leasing company looks to tighten its hold on the technology finance market and build upon its 350-strong Partner Channel....Read More

Every sale should be applauded if the following statistics are anything to go by. Take a read through and be sure to give yourself a hefty pat on the back if you’ve just closed some business, or high-five a colleague who just has. Selling takes a certain type of individual and those that make a...Read More

New figures released by the Finance & Leasing Association (FLA) show growth in asset finance new business (primarily leasing and hire purchase) of 12% in 2015 – the market’s second consecutive year of double-digit growth. The value of new business in December 2015 was up by 18% compared with the same month in 2014. New...Read More

In a piece in CityA.M. in the Entrepreneurs Section, Mike Francis, head of Asset Finance at Investec is dismayed that the High Street banks don’t have the confidence to lend SMEs the money they need, so business owners end up trying to fund their companies’ growth on overdrafts and credit cards, storing up trouble for...Read More