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News Article:

18 - 05 - 2017

Gener8 to integr8 with 1pm plc

From David Richards CEO Gener8 Finance

Gener8 to become integral part of SME asset finance specialist 1pm plc

Gener8 Finance is delighted to announce that it has today, agreed terms, to sell its invoice finance business to 1pm Plc, a stock market listed provider of asset based lending facilities to the UK SME sector. This is an exciting development that should see Gener8 grow significantly from here, with the backing of a much larger group, with access to other products for its expanding client base that includes business loans and asset finance.

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09 - 12 - 2016

Seasons Greetings from everyone at Gener8 Finance

From Paul Stokes - Managing Director

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13 - 08 - 2016

What is Invoice finance

From Gener8 Finance

There are ways to fund your business growth plans other than bank loans.
Paul Stokes, Gener8 Finance talks about Invoice Finance with The Business Income Generator.

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08 - 08 - 2016

A thank you....

From Gener8 Finance

Hi David
I hope you are well. I wanted to drop you a note to thank you.
I've become cynical of invoice financing businesses over the years, having been let down many times. Today, you delivered exactly the flexibility that you promised in our meeting.
It has meant improved cash flow for our business and Kirsty was exceptional today. Her understanding of our business and particularly her clarity in communication was tremendous.

Thank you. We are delighted to be onboard with Gener8!

Justin

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20 - 06 - 2016

Gener8 Finance is proud to sponsor The Panathlon Challenge

From Gener8 Finance

Gener8 Finance are proud to sponsor The Panathlon Challenge and enjoyed a great day at the Olympic park finals last week in the Copper Box.

The Panathlon Challenge provides sporting opportunities to over 7,500 disabled young people every year. Since 1999, we have run over 500 ‘mini Paralympic’ multi-sport competitions for secondary or primary school children, along with dedicated football, boccia and swimming programmes. Panathlon has also trained over 3,000 young leaders, aged 14-19, who act as sports officials for Panathlon competitions.

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24 - 03 - 2016

Gener8 Finance breaks the £1 billion 'pound' barrier!

From Gener8 Finance

After just over 7 years Gener8 Finance has just purchased its £1 billion invoice from a growing SME client portfolio. Paul Stokes, Gener8 Managing Director comments: "Breaking the £1 billion barrier in such a short period of time is a fantastic achievement for all concerned with Gener8. Thank you especially to our staff, clients and business introducers for helping us get here. Here's to the next billion!"

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08 - 03 - 2016

It's GR8 to be 8!

From Gener8 Finance

Gener8 officially reaches its 8th birthday in June this year and to celebrate we are holding a prize draw, exclusively for our clients, as well as offering enhanced incentives for introducing new clients to us. The prize - a trip to New York for 2 people, flying Virgin Atlantic, with 3 nights accommodation at a 5 star hotel in the centre of Manhattan.

As a valued Gener8 client, your name is already in the hat for the draw which takes place on 30th June 2016!

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09 - 12 - 2015

Asset based funding hits record £20 billion for the first time

From Paul Stokes - Managing Director

Funding to UK and Irish businesses secured against invoices and other assets has hit a record high of £20 billion says the Asset Based Finance Association (ABFA), the body representing the asset based finance industry in the UK and the Republic of Ireland.

The ABFA says this is the first time the use of asset based finance has reached £20 billion and is an increase of 4% from the £19.3 billion businesses in the UK and the Republic of Ireland were accessing against assets a year ago.

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28 - 10 - 2015

Time to Celebr8

From Paul Stokes - MD Gener8 Finance

We are delighted to announce that at last week's Insolvency & Rescue Awards ceremony at London's Hilton Park Lane Hotel, we picked up the award for the 'Best Asset and Invoice Finance Provider of the Year'

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18 - 05 - 2015

Gener8 sponsor first ever Wallingford under 11's RFC tour to Exeter

From Gener8 Finance

Gener8 sponsor first ever Wallingford under 11's RFC tour to Exeter

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23 - 04 - 2015

Gener8 joins forces with ABFA

From David Richards - Director Gener8 Finance

Gener8 Finance is delighted to announce it has become a full council member of the asset based finance association and industry advisory body, known as ABFA. It is another stage in the growth of Gener8 from a small independent invoice finance house, established in 2008, to a countrywide supplier of cash flow funding solutions to UK SMEs, specifically targeting confidential receivables finance services.

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25 - 03 - 2015

Gener8 goes on a recruitment drive!

From David Richards - Director Gener8 Finance

We are delighted to have provided flexible cash flow funding solutions to
a growing number of UK SMEs in the recruitment sector over the last few months. There is no doubt that the temporary personnel sector is going through major growth currently and we are very happy to play our part in helping businesses that require the Gener8 "personnel" touch...

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10 - 03 - 2015

All-time high for asset-based finance as UK businesses go for growth...

From Asset Based Finance Association (ABFA)

Businesses in the UK received an all-time high £19.4bn of funding through asset-based finance in Q4 2014, an increase of £1.6bn on the same period a year ago, said the Asset Based Finance Association (ABFA), the body representing the asset-based finance industry in the UK and the Republic of Ireland. The ABFA said that this jump in the use of invoice finance and asset-based lending (borrowing against the value of the businesses other assets) is now primarily driven by businesses funding growth plans rather than replacing their use of traditional term loans or overdrafts.

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16 - 02 - 2015

Charity Digital News website reports:

From David Richards - Director Gener8 Finance

Gener8 Finance has become the new sponsor of fundraising website Make a Donation, joining its vision to change the future of giving. The sponsorship will help to ensure that fee-free fundraising continues for all charities on the site.

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18 - 12 - 2014

Seasons Greetings from everyone at Gener8 Finance

From David Richards - Director Gener8 Finance

SEASONAL GREETINGS...from the whole team at Gener8 Finance

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11 - 12 - 2014

More cash to Deploy...

From David Richards - Director - Gener8 Finance

Deploy UK and Deploy Rail were both new start ventures when they approached Gener8 for cash flow finance back in 2009.

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03 - 11 - 2014

Remember, remember the 5th of November, gun powder, treason and invoice finance...

From David Richards - Director - Gener8Finance

Do you know the difference between Dragons Tears or a Serpents tail...

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09 - 10 - 2014

£700 million and counting...

From David Richards - Director - Gener8 Finance

Gener8 is fast approaching three quarters of a billion (yes billion!) of invoices financed for its growing SME client base.

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04 - 09 - 2014

Trust us with your cash flow?

From David Richards - Director Gener8 Finance

Balancing cash flow, can at times, be complex for SMEs. Here's what one of our clients had to say only 2 days ago...

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10 - 07 - 2014

Gener8 Finance convert Print Management company

From David Richards - Gener8 Finance

You are only one click away from securing tailored cash flow funding.

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27 - 05 - 2014

Record year for asset-based finance as businesses step up borrowing against invoices to fund growth.

From David Richards

Invoice finance shows 29% growth since 2009/10, contrasting with 19% fall in traditional lending products over the same period
 
The supply of asset-based finance to UK businesses has hit a record high in the last 12 months with an average of £17.5bn in use at any one time by businesses over the last year, says the Asset Based Finance Association (ABFA). This is 9.4% up on last year’s average and up 29% from the £13.6bn of asset-based finance in use at the height of the recession in 2009/10.

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21 - 05 - 2014

Wish you were here...

From David Richards - Director Gener8 Finance

Our umbrella (or parasol!) is always there for our Clients...

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02 - 05 - 2014

ABFA appoint Jeff Longhurst CEO

From David Richards - Gener8 Finance

We are delighted to announce that Jeff Longhurst, Director of Client Services at Gener8, has been appointed as Chief Executive Officer of the Asset Based Finance Association, the Industry's trade and regulatory body. Jeff will step back from his day to day duties at Gener8, but will remain on the board for the foreseeable future.

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27 - 03 - 2014

Corking deal from Gener8 Finance

From David Richards - Director Gener8 Finance

Corking deal from Gener8 Finance

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20 - 03 - 2014

Alternative funding portal launches

From David Richards - Gener8Finance

New SME funding site arrives as OFT warns banks.

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14 - 03 - 2014

SMEs fail to catch on to working capital solutions

From David Richards - Gener8Finance

Only one in 11 businesses has used invoice financing in the past 12 months, and even fewer have used asset based lending, the new research says. British SMEs own GBP770bn in assets, the equivalent of almost half of the UK's GDP, that could be used to fund growth, new Lloyds Banking Group research claimed.

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29 - 11 - 2013

Three principal benefits' of asset-based lending

From David Crumbaugh of Latham & Watkins

In an interview with Lexology.com, David Crumbaugh of international business law firm Latham & Watkins has attempted to explain the continued growth of the asset-based finance industry in recent years. Latham & Watkins is a business law firm specialising in complex business transactions, litigation and corporate finance, so has considerable experience when it comes to matters pertaining to SME finance.

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29 - 11 - 2013

Payday lenders will face even tougher rules

From David Crumbaugh of Latham & Watkins

Within the small business finance world, new pieces of legislation can often have a dramatic effect on the choices businesses make to ease their cash flow strains. After announcing a crackdown on payday loan advertisements months ago, the Financial Conduct Authority (FCA) has now declared that they will introduce even tougher regulations to protect consumers. We have previously mentioned the dangerous disadvantages of using payday lenders to help dig yourself out of financial difficulty, and it would seem that the FCA are equally as concerned. They have proposed that all borrowers should have an ‘affordability’ check before being given a loan. This means that anyone wishing to borrow money from a payday lender will have to prove that they will be able to afford to repay it.

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27 - 11 - 2013

Why is invoice financing such a growth industry?

The use of asset-based finance facilities, such as invoice financing, has increased dramatically of late. In 2012, 4% more UK businesses made use of asset-based finance facilities than in 2011, while the US has experienced 15% growth over a seven year period. So why is it that invoice factoring, a relatively marginal form of business finance, has suddenly become so widespread and popular? What is the reason for this current trend? We've taken a look at some of the key factors below.

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04 - 11 - 2013

40% of SME's still being rejected by banks

A recent report by Albion Ventures has revealed that 40% of the 450 small UK businesses surveyed have had financial applications rejected by banks. Out of the 450, only 17% of firms actually applied for finance in the past 12 months, for fear of being rejected, or the belief that approaching banks could pose a threat to their business.

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