Latest news with #UnitedTrustBank
Yahoo
04-07-2025
- Business
- Yahoo
UTB asset finance finalises 'complex' refinance deal
United Trust Bank (UTB) Asset Finance has completed a 'complex' £625,000 ($853,026) refinancing agreement to facilitate a transport company's purchase of a coach operator. Crystal Business Finance director Mike Austin initiated the deal, connecting with UTB's business development manager Paul Barter to support the client, a coach operator aiming to acquire another business. The financing involved refinancing part of the client's existing fleet and several coaches owned by the target company. It was underwritten by Rob Irving, UTB's roving asset finance underwriter for the North of England. UTB said the process faced hurdles due to incomplete documentation and missing invoices. After fulfilling all requirements, UTB transferred funds to the client's solicitor, who issued a letter of undertaking, disbursed the funds to the vendor upon acquisition, and confirmed the transaction's completion. Austin said: 'This was not a straightforward case, but I talked to Paul Barter at UTB and he quickly confirmed that they would be able to do it. Once our client was ready to go ahead, Rob Irving completed the underwriting and UTB's operations team completed all the admin, processing and arrangements with the solicitors to enable my client's acquisition to proceed.' Barter commented: 'We pride ourselves on being able to take on more complex deals, which benefit from having direct communication with our underwriters from the start. 'Thanks very much to Mike for giving us the opportunity to show what UTB are capable of and for the excellent support we received from him and the Crystal team in getting this deal over the line.' In March, UTB appointed Lisa Thomas as head of credit for asset finance. Thomas brings more than 20 years of experience in the sector. She has previously worked with various funders such as Syscap, RBS, and Hitachi, before joining Société Générale Equipment Finance in 2007. Over the past four years, she served as head of strategic and portfolio risk at SGEF. "UTB asset finance finalises 'complex' refinance deal" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
04-07-2025
- Business
- Yahoo
UTB asset finance finalises 'complex' refinance deal
United Trust Bank (UTB) Asset Finance has completed a 'complex' £625,000 ($853,026) refinancing agreement to facilitate a transport company's purchase of a coach operator. Crystal Business Finance director Mike Austin initiated the deal, connecting with UTB's business development manager Paul Barter to support the client, a coach operator aiming to acquire another business. The financing involved refinancing part of the client's existing fleet and several coaches owned by the target company. It was underwritten by Rob Irving, UTB's roving asset finance underwriter for the North of England. UTB said the process faced hurdles due to incomplete documentation and missing invoices. After fulfilling all requirements, UTB transferred funds to the client's solicitor, who issued a letter of undertaking, disbursed the funds to the vendor upon acquisition, and confirmed the transaction's completion. Austin said: 'This was not a straightforward case, but I talked to Paul Barter at UTB and he quickly confirmed that they would be able to do it. Once our client was ready to go ahead, Rob Irving completed the underwriting and UTB's operations team completed all the admin, processing and arrangements with the solicitors to enable my client's acquisition to proceed.' Barter commented: 'We pride ourselves on being able to take on more complex deals, which benefit from having direct communication with our underwriters from the start. 'Thanks very much to Mike for giving us the opportunity to show what UTB are capable of and for the excellent support we received from him and the Crystal team in getting this deal over the line.' In March, UTB appointed Lisa Thomas as head of credit for asset finance. Thomas brings more than 20 years of experience in the sector. She has previously worked with various funders such as Syscap, RBS, and Hitachi, before joining Société Générale Equipment Finance in 2007. Over the past four years, she served as head of strategic and portfolio risk at SGEF. "UTB asset finance finalises 'complex' refinance deal" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
13-05-2025
- Business
- Yahoo
Alfa unveils preconfigured SaaS solution for European asset finance sector
Alfa has introduced a new preconfigured software-as-a-service (SaaS) solution, Alfa Start for European Asset Finance, designed specifically for European asset finance companies. According to the company, the system enables auto and equipment finance operators to implement Alfa Systems, a core platform for services such as originations, contract servicing, and collections management, in a 'quick and cost-effective' way. Built on predefined best-practice configurations and processes, refined through Alfa's extensive support for major European brands, the offering streamlines implementation. Alfa director of product Emily Hammond said: 'Alfa Start is for banks, captives and independents who want to be lean and invest pragmatically in a system that comes preloaded with a distilled best-practice setup, rather than recreating their existing processes and configuration from scratch. 'As we've done successfully in the UK and US, this new flavour of Alfa Start brings the power of Alfa Systems to a wider range of providers, offering an essential project accelerator that reduces cost and helps you gain a competitive edge.' Since its launch in 2020, Alfa Start's 'rapid' methodology has been adopted in the UK by finance providers and challenger banks such as United Trust Bank, Arkle Finance, Bibby Financial Services, and recently Paragon Bank. It has also accelerated projects for notable auto and equipment lenders in the US. The new offering includes support for local languages, currencies, accounting standards, and bank reports, alongside integrations for e-signature, single sign-on, SEPA payments, and other features. Delivered via proactively managed, single-tenant SaaS, it eliminates infrastructure overheads for users. Bibby Financial Services COO Richard Olver said: 'A lot of providers have a need to modernise their tech stack, and look at improving their businesses, and Alfa Systems is the industry gold standard. 'With Alfa Start, we've been able to implement Alfa Systems rapidly and cost-effectively. Thanks to the automation now available, our teams spend more time delivering value for our clients and business partners.' "Alfa unveils preconfigured SaaS solution for European asset finance sector" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
