We are delighted to announce that CAS’s first apprentice, Cara Hole, has successfully completed her probationary period and is now a permanent member of staff.
Cara joined our new business team and has rapidly become a valuable asset to the business. She works diligently and effectively and we all look forward to seeing her career go from strength to strength.
Well done Cara – Congratulations are very well deserved!
The centre care for, rehabilitate and re home numerous domestic animals including dogs, cats, rabbits, chickens, caged birds, various small mammals and reptiles. They are a small shelter with only four full time and one part time member of staff. Some of the animals cared for are unclaimed strays, others were handed over by their owners who were unable to care for them any longer for a variety of reasons.
Above is a photo of Dawn Clay who kindly went along to meet Helen at the centre and hand over our cheque. We wish the charity well and were delighted to support such a great cause.
March 2015 saw Corporate Asset Solutions support our local hospital’s charity. The Southampton Hospital Charity’s aim is to enhance the world class services provided at Southampton General Hospital and Princess Anne Hospital. Through fundraising activities and events, charitable donations, legacies and voluntary support, the charity can complement and enhance services and facilities, so that the very best can be provided for all patients and staff.
The image above shows Kate Avery from Corporate Asset Solutions handing over CAS’s contribution to a hospital team representative.
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Manx Financial Group PLC, through its wholly-owned licensed banking subsidiary, Conister Bank Limited (‘Conister Bank’) continues to extend its distribution network through its use of Integrated Wholesale Funding Agreements (‘IWFA’).
As part of this strategy, Conister Bank has entered into an IWFA with Corporate Asset Solutions Limited (‘CAS’). This Agreement will allow the provision of loans in the range of £10,000 to £50,000 to small and medium-sized enterprises (‘SMEs’) following the introduction and pre-vetting by CAS. This continues Conister Bank’s growth strategy of developing underfunded markets by providing a greater diversification to its distribution network and loan book.
Founded in 2004, Corporate Asset Solutions Ltd (CAS) is a Hampshire-based funder which offers a variety of loan products to the SME market. CAS has been successfully growing its loan portfolio by providing funding to a wide variety of businesses across the UK with a range of products including hire purchase, leasing and business loans.
Juan Kelly, Conister Bank’s Managing Director, stated: “The constraints in the supply of credit from the UK’s ‘High Street’ banks to SMEs has been widely publicised. Increasingly, the new breed of ‘challenger banks’ like ourselves are stepping in to fill the void. This trend is likely to gather speed as ‘High Street’ banks continue to shun the SME market and financial technology continues to evolve, opening up distribution to a broader set of funders.”
CAS’ Managing Director, Zac Cogan, commented: “We are delighted to have finalised the funding arrangements with a similarly progressive and forward thinking organisation such as Conister Bank. We have built a strong and solid reputation serving a wide customer base of good quality SMEs over the last 10 years and feel this will help fuel the future expansion of our business. We look forward to building a successful working relationship with Conister Bank, capitalising on the numerous opportunities available to us both.”
For further information, please contact:
Manx Financial Group PLC
Denham Eke/Juan Kelly
Tel +44 (0) 1624 694694
Beaumont Cornish Limited
Roland Cornish/Felicity Geidt
Tel +44 (0) 20 7628 3396
Britton Financial PR
Tel + 44 (0) 7957 140416
Trevor Pirie of Corporate Asset Solutions reports that his company’s business activity in May reflected much of the calendar year to date with refinancing high on the agenda for many businesses. A few customers going a stage further by taking out existing finance relationships on encumbered equipment, reducing their monthly outlay and freeing up cash for investment in their businesses. Invoice Financing remains strong and increasingly seen as a viable option to those businesses under pressure from their banks to reduce or loose their overdraft limits. Manufacturer vendor programmes are as strong as ever as they continue to use their finance partners and treasury departments to offer “subsidized” finance to end users. The peer-to-peer community seem to be at an interesting crossroads with a noticeable slur in credit appetite coinciding with the announcement that regulation is coming their way via the FSA. Businesses levels held up well but understandably decisions for customers to commit still taking time.