Latest News - Corporate Asset Solutions

6
Mar

Welcome Alex Parr

We are happy to announce that Alex Parr has joined us as Credit Relationship Manager with effect from 1st March 2018.

After deciding that being a postman wasn’t for him, Alex joined Ageas Insurance and worked his way through claims handling, business development and underwriting over a period of 7 years.

Alex says “I’d been looking for a new opportunity for a while and it was great to be asked to join. I’m looking forward to working with some great people.”

26
Feb

Corporate Asset Solutions launches separate lender and broker services

Southampton-based lender Corporate Asset Solutions (CAS) has relaunched its business with divisions dedicated to services for brokers and services for lenders.

CAS operations director Trevor Pirie said that the relaunch was designed to clarify the business’ offering to brokers. CAS no longer runs a broking division but does provide services to brokers.

Click here for the full article.

14
Feb

Your success is our goal!

Within our lender services business, our offerings can help you build or grow your own finance or rental portfolio. We are more than just a lender.

With solutions such as portfolio management, quick credit decisions, prompt payments to vendors and suppliers and periodic payment collection using our own software, we can help your grow your business.

These are just some of our services available. Call 023 8076 6467 or click on the picture for more details.

2
Feb

CAS Launch Alpha and Omega Offerings

Corporate Asset Solutions launched its Alpha and Omega offerings today.

Firstly, we wanted to make it very clear that CAS is a “lender” and not a broker.  We have our own paper / book, and we value introductions from brokerages.   Secondly, in order to avoid confusion we wanted to create two distinctive offerings. Just click on the images to the left to get the flyers as PDFs but here’s a summary of the offerings.

CAS Alpha offering:

  • Amount:  Up to £500k.
  • Stronger Counterparties (albeit we are still prepared to invest time in understanding any stories that need to be told).
  • Hard & Soft assets at very competitive rates.
  • As well as our own CAS paper, we are also the authorised representative for the RateSetter HP proposition and this falls within our Alpha offering.
  • The RateSetter HP product has “Capital Only Settlements” – so that can be quite useful.   Yields start at 5.8%. In addition, we can consider 120% advances for hard assets.

CAS Omega offering:

  • Amount:  Up to £100k.
  • Weaker Counterparties – including start-ups.
  • Credit Criteria – this links time trading and amount required.

Service Delivery:

  • Credit Decisioning:  We aim to provide a decision with a maximum of 4 hours for deals up to £150k (albeit much quicker for more obvious good deals) and 24 hours above £150k.
  • Deal & Paperwork Fulfilment:  We are quick to get this paperwork out, but we are also prepared to make your life as easy as possible including deal sign-up / asset inspections etc as you require.
  • Payout:  Our aim is to get the deal paid out as quickly as possible.  Our dedicated New Deal Administration team is motivated to make this happen.

Contact Points:

Please do send us your proposals via email:  proposals@corporateasset.co.uk

We really do value introductions and hope that you like the features of our two offerings.

17
Jan

PEAC portfolio acquisition by Corporate Asset Solutions Ltd.

The Hampshire based Financial Solutions and Services provider, Corporate Asset Solutions Ltd (CAS), rounded off a successful 2017 with the purchase of a lease portfolio from PEAC (UK). The portfolio of c. 1000 Lease agreements are for a variable mix of assets across the SME spectrum and are very much in CAS’s core marketplace of SME lending within the UK broker space.

 

 

Zac Cogan, Managing Director of CAS commented, we were delighted to be given the opportunity by PEAC to purchase one of their non-core portfolios. We were quickly able to provide a solution that ensured an efficient, trusted transfer for PEAC’s Clients and Brokers utilising our own technology for a seamless transaction. With the Sale completing on the final working day of the Year, it caps off a hugely successful year for our business. As well as good growth for our own originations via our Broker network, this is yet another big win for the Lender Services side of our business where we are now involved in numerous activities from Portfolio Management, Funding Resources through to Portfolio Acquisition.

 

 

John Phillipou, CEO of PEAC (UK) commented; As PEAC looks to grow in the UK and across Europe, it is essential that we focus on the core markets which align with our expansion strategy. CAS have demonstrated specialism and know-how in servicing these SME clients which will ensure that the portfolio is well maintained. PEAC’s expansion in both the soft asset and hard asset sectors utilises brokers, introducers and vendors and is driven by investment in the latest leasing systems to deliver fast and effective decisions and service.

11
Dec

Zac Cogan structures deal for Business Lending Exchange and Conister Bank

Britain’s SMEs have been given a boost with the announcement of a multi-million pound deal structured by CAS Managing Director Zac Cogan which sees asset finance lender The Business Lending Exchange (BLX) reach an agreement with Isle of Man-based Conister Bank for a £4m funding facility. This new facility will immediately be put to work with BLX looking to lend to a customer base of start-ups, sole traders and small businesses with advances of between £1,000 and £30,000. Further, BLX is also promising to give a decision within one hour of receiving an enquiry and lends money secured on assets such as vehicles and machinery. Follow this link for the full story

8
Dec

Christmas time for Simon Says

Brian Adams of Simon Says came to HQ today to collect the presents that CAS staff had bought for the children that Simon Says help get through Christmas. Instead of doing the normal “Secret Santa”, everyone agreed to donate the money to presents that will help some of the bereaved boys and girls from Hampshire.

Simon Says is a charity that aims to Support Hampshire children and young people up to the age of 18 years who has a significant person in their life who has died or is dying.

 

31
Oct

Simon Says – Thanks!

3 members of CAS (Dawn, Cara and Saffy) delivered a cheque for £150 to Simon Says today. Georgie Bennet (COO at Simon Says pictured on the left) said “Lovely to meet you all and thank you again for the generous and unexpected donation!”

Simon Says is a charity that aims to Support Hampshire children and young people up to the age of 18 years who has a significant person in their life who has died or is dying.

31
Oct

Happy Halloween

The boys and girls at CAS HQ decided to have a bit of fun for Halloween and to raise some money for a local charity by dressing up and making a donation.  Simon Says will be the beneficiary.

23
Oct

Congratulations Rosie Cook

Friday 20th October 2017 saw the 3 year anniversary of Rosie Cook joining Corporate Asset Solutions. Fortunately Rosie, a big Formula 1 fan, didn’t follow her F1 heroes by spraying the contents of the bottle all over us! Well done Rosie and thanks for all the hard work.