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Saturday, January 23, 2021
Transport & Logistics Magazine
  • Home
  • Haulage
    96% of UK Hauliers 'Not Ready for Transition'

    96% of UK Hauliers ‘Not Ready for Transition’

    Collett & Sons Deliver a 68Te Transformer from Slovenia to Tilbury Substation

    Collett & Sons Deliver a 68Te Transformer from Slovenia to Tilbury Substation

    Next Generation of Drivers Challenging Stereotypes in the Haulage Industry

    Next Generation of Drivers Challenging Stereotypes in the Haulage Industry

    Logistics Calls for Clearer Vision on Zero Carbon HGVs

    Logistics Calls for Clearer Vision on Zero Carbon HGVs

    Get Brexit Ready with Logistics UK Online Conference

    Get Brexit Ready with Logistics UK Online Conference

    How to Avoid Autumnal Road Hazards

    How to Avoid Autumnal Road Hazards

    How to Transport Bulky Items Without Breaking the Law

    How to Transport Bulky Items Without Breaking the Law

    Electronic Goods Arrive On Time with New Arrivals Board From Mandata

    Electronic Goods Arrive On Time with New Arrivals Board From Mandata

    Cool Chain Association and IATA Sign Memorandum of Understanding

    Cool Chain Association and IATA Sign Memorandum of Understanding

  • Warehousing & Storage
    Panattoni UK Appoints Head of Capital Markets

    Panattoni UK Appoints Head of Capital Markets

    Rite-Hite Launches Close Up for Winter Initiative

    Rite-Hite Launches Close Up for Winter Initiative

    60% of Logistics Workers Spent Lockdown Searching for a New Role

    60% of Logistics Workers Spent Lockdown Searching for a New Role

    Brighton Works Warehouse Welcomes New Business

    Brighton Works Warehouse Welcomes New Business

    TPN Launches Next Phase of Development with a Brand New Look

    TPN Launches Next Phase of Development with a Brand New Look

    Hermes Opens New Distribution Depot and Creates Jobs

    Hermes Opens New Distribution Depot and Creates Jobs

    New Distribution Depot Creates 133 Jobs

    New Distribution Depot Creates 133 Jobs

    Creating a Smart Warehouse with Enhanced Internet Connectivity

    Creating a Smart Warehouse with Enhanced Internet Connectivity

    How to Manage and Maintain Your Workers' PPE during Covid-19

    How to Manage and Maintain Your Workers’ PPE during Covid-19

  • Bus & Coach
    Xplore Dundee is a Business Hero

    Xplore Dundee is a Business Hero

    Revolutionising the Commute Is Key to Reducing UK Carbon Emissions

    Revolutionising the Commute Is Key to Reducing UK Carbon Emissions

    Euro Bus Expo Postponed Until 2021

    Euro Bus Expo Postponed Until 2021

    Visitor Registration Opens for the Biggest Bus and Coach Event in Europe

    Visitor Registration Opens for the Biggest Bus and Coach Event in Europe

    Xplore Dundee Launches New Buses in 2020

    Xplore Dundee Launches New Buses in 2020

    Xplore Dundee's New Bus Tickets to Be Introduced in January

    Xplore Dundee’s New Bus Tickets to Be Introduced in January

    Xplore Dundee Celebrates Living Wage Week

    Xplore Dundee Celebrates Living Wage Week

    Xplore Dundee Shares Its Vision for 2020

    Xplore Dundee Shares Its Vision for 2020

    Stagecoach Drives Towards a ‘Cloud-First’ Enabled Network Strategy

    Stagecoach Drives Towards a ‘Cloud-First’ Enabled Network Strategy

  • Shipping & Ports
    Flexible Logistics Sector Committed to Delivering Christmas

    Flexible Logistics Sector Committed to Delivering Christmas

    SeaRoad Expands Its Ro/Ro Capacity with MoorMaster NxG

    SeaRoad Expands Its Ro/Ro Capacity with MoorMaster NxG

    Flexport Appoints New Head of Ocean EMEA

    Flexport Appoints New Head of Ocean EMEA

    Logistics UK Comment on Government’s Freeport Announcement

    Logistics UK Comment on Government’s Freeport Announcement

    Logistics UK Response to Port Infrastructure Fund

    Logistics UK Response to Port Infrastructure Fund

    Logistics UK Comments on Launch of Trader Support Service

    Logistics UK Comments on Launch of Trader Support Service

    Mammoet and Verton Sign on to Springboard Safer Load Orientation

    Mammoet and Verton Sign on to Springboard Safer Load Orientation

    3PL Launches New Real-Time Order Fulfilment Software

    3PL Launches New Real-Time Order Fulfilment Software

    Flexport Announces Free Carbon Calculator API Functionality in Shipping

    Flexport Announces Free Carbon Calculator API Functionality in Shipping

  • Air
    Night Flying Essential to Deliver Vital Goods

    Night Flying Essential to Deliver Vital Goods

    Luton Airport Shareholders Launch Funding Programme

    Luton Airport Shareholders Launch Funding Programme

    Electric Aviation Group Unveils World’s First Hybrid Aircraft

    Electric Aviation Group Unveils World’s First Hybrid Aircraft

    American Airlines Commencing Flights from London Heathrow

    American Airlines Commencing Flights from London Heathrow

    Flights to Be Resumed from Leeds Bradford Airport

    Flights to Be Resumed from Leeds Bradford Airport

    American Airlines Increases Cargo-Only Service from the US to Europe

    American Airlines Increases Cargo-Only Service from the US to Europe

    FTA Response to Heathrow Airport Decision

    FTA Response to Heathrow Airport Decision

    Statement on Bath Clean Air Zone

    Statement on Bath Clean Air Zone

    Jet2 Reports Increased Demand Following Thomas Cook Collapse

    Jet2 Reports Increased Demand Following Thomas Cook Collapse

  • Rail
    CEMEX Transports Two Million Tonnes By Rail to Save 100K Road Movements

    CEMEX Transports Two Million Tonnes By Rail to Save 100K Road Movements

    Rail Ombudsman Marks 2nd Anniversary with Renewed Call on Industry

    Rail Ombudsman Marks 2nd Anniversary with Renewed Call on Industry

    Rail Investment to Provide Economic Boost to Southampton and the Midlands

    Rail Investment to Provide Economic Boost to Southampton and the Midlands

    The End of Rail Franchising: Reform Must Deliver for Freight

    The End of Rail Franchising: Reform Must Deliver for Freight

    Hull Trains to London Are Resuming Service

    Hull Trains to London Are Resuming Service

    Plans for a Rail Testing Centre in Wales Are Progressing

    Plans for a Rail Testing Centre in Wales Are Progressing

    InPost and South Western Railway to Offer Contact-Free Collections and Returns

    InPost and South Western Railway to Offer Contact-Free Collections and Returns

    Acorn Awarded Principal Contractors Licence by Network Rail

    Acorn Awarded Principal Contractors Licence by Network Rail

    Intelligent Infrastructure to Digitally Transform Rail Operations

    Intelligent Infrastructure to Digitally Transform Rail Operations

  • Fleet
    • All
    • Recovery
    Schuler Delivers Event Truck for 'Go Electric' Ford Campaign

    Schuler Delivers Event Truck for ‘Go Electric’ Ford Campaign

    Britain’s Highest and Lowest Roads

    Britain’s Highest and Lowest Roads

    Lytx Secures Long-Term Deal with Breezemount

    Lytx Secures Long-Term Deal with Breezemount

    Roger Bullivant Wins Silver Award for Best Trained Workforce

    Roger Bullivant Wins Silver Award for Best Trained Workforce

    Logistics UK Discusses Readiness with EU Transition Minister

    Logistics UK Discusses Readiness with EU Transition Minister

    How Van Drivers Can Reduce Emissions and Their Impact on the Environment

    How Van Drivers Can Reduce Emissions and Their Impact on the Environment

    Dawsongroup Finance Wins £15M Christmas Leasing Deal with Supermarket Chain

    Dawsongroup Finance Wins £15M Christmas Leasing Deal with Supermarket Chain

    Sonoco Recycling Invests in Three New Hiab MULTILIFTs

    Sonoco Recycling Invests in Three New Hiab MULTILIFTs

    Expand Grid Capacity to Support EV Revolution

    Expand Grid Capacity to Support EV Revolution

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  • Home
  • Haulage
    96% of UK Hauliers 'Not Ready for Transition'

    96% of UK Hauliers ‘Not Ready for Transition’

    Collett & Sons Deliver a 68Te Transformer from Slovenia to Tilbury Substation

    Collett & Sons Deliver a 68Te Transformer from Slovenia to Tilbury Substation

    Next Generation of Drivers Challenging Stereotypes in the Haulage Industry

    Next Generation of Drivers Challenging Stereotypes in the Haulage Industry

    Logistics Calls for Clearer Vision on Zero Carbon HGVs

    Logistics Calls for Clearer Vision on Zero Carbon HGVs

    Get Brexit Ready with Logistics UK Online Conference

    Get Brexit Ready with Logistics UK Online Conference

    How to Avoid Autumnal Road Hazards

    How to Avoid Autumnal Road Hazards

    How to Transport Bulky Items Without Breaking the Law

    How to Transport Bulky Items Without Breaking the Law

    Electronic Goods Arrive On Time with New Arrivals Board From Mandata

    Electronic Goods Arrive On Time with New Arrivals Board From Mandata

    Cool Chain Association and IATA Sign Memorandum of Understanding

    Cool Chain Association and IATA Sign Memorandum of Understanding

  • Warehousing & Storage
    Panattoni UK Appoints Head of Capital Markets

    Panattoni UK Appoints Head of Capital Markets

    Rite-Hite Launches Close Up for Winter Initiative

    Rite-Hite Launches Close Up for Winter Initiative

    60% of Logistics Workers Spent Lockdown Searching for a New Role

    60% of Logistics Workers Spent Lockdown Searching for a New Role

    Brighton Works Warehouse Welcomes New Business

    Brighton Works Warehouse Welcomes New Business

    TPN Launches Next Phase of Development with a Brand New Look

    TPN Launches Next Phase of Development with a Brand New Look

    Hermes Opens New Distribution Depot and Creates Jobs

    Hermes Opens New Distribution Depot and Creates Jobs

    New Distribution Depot Creates 133 Jobs

    New Distribution Depot Creates 133 Jobs

    Creating a Smart Warehouse with Enhanced Internet Connectivity

    Creating a Smart Warehouse with Enhanced Internet Connectivity

    How to Manage and Maintain Your Workers' PPE during Covid-19

    How to Manage and Maintain Your Workers’ PPE during Covid-19

  • Bus & Coach
    Xplore Dundee is a Business Hero

    Xplore Dundee is a Business Hero

    Revolutionising the Commute Is Key to Reducing UK Carbon Emissions

    Revolutionising the Commute Is Key to Reducing UK Carbon Emissions

    Euro Bus Expo Postponed Until 2021

    Euro Bus Expo Postponed Until 2021

    Visitor Registration Opens for the Biggest Bus and Coach Event in Europe

    Visitor Registration Opens for the Biggest Bus and Coach Event in Europe

    Xplore Dundee Launches New Buses in 2020

    Xplore Dundee Launches New Buses in 2020

    Xplore Dundee's New Bus Tickets to Be Introduced in January

    Xplore Dundee’s New Bus Tickets to Be Introduced in January

    Xplore Dundee Celebrates Living Wage Week

    Xplore Dundee Celebrates Living Wage Week

    Xplore Dundee Shares Its Vision for 2020

    Xplore Dundee Shares Its Vision for 2020

    Stagecoach Drives Towards a ‘Cloud-First’ Enabled Network Strategy

    Stagecoach Drives Towards a ‘Cloud-First’ Enabled Network Strategy

  • Shipping & Ports
    Flexible Logistics Sector Committed to Delivering Christmas

    Flexible Logistics Sector Committed to Delivering Christmas

    SeaRoad Expands Its Ro/Ro Capacity with MoorMaster NxG

    SeaRoad Expands Its Ro/Ro Capacity with MoorMaster NxG

    Flexport Appoints New Head of Ocean EMEA

    Flexport Appoints New Head of Ocean EMEA

    Logistics UK Comment on Government’s Freeport Announcement

    Logistics UK Comment on Government’s Freeport Announcement

    Logistics UK Response to Port Infrastructure Fund

    Logistics UK Response to Port Infrastructure Fund

    Logistics UK Comments on Launch of Trader Support Service

    Logistics UK Comments on Launch of Trader Support Service

    Mammoet and Verton Sign on to Springboard Safer Load Orientation

    Mammoet and Verton Sign on to Springboard Safer Load Orientation

    3PL Launches New Real-Time Order Fulfilment Software

    3PL Launches New Real-Time Order Fulfilment Software

    Flexport Announces Free Carbon Calculator API Functionality in Shipping

    Flexport Announces Free Carbon Calculator API Functionality in Shipping

  • Air
    Night Flying Essential to Deliver Vital Goods

    Night Flying Essential to Deliver Vital Goods

    Luton Airport Shareholders Launch Funding Programme

    Luton Airport Shareholders Launch Funding Programme

    Electric Aviation Group Unveils World’s First Hybrid Aircraft

    Electric Aviation Group Unveils World’s First Hybrid Aircraft

    American Airlines Commencing Flights from London Heathrow

    American Airlines Commencing Flights from London Heathrow

    Flights to Be Resumed from Leeds Bradford Airport

    Flights to Be Resumed from Leeds Bradford Airport

    American Airlines Increases Cargo-Only Service from the US to Europe

    American Airlines Increases Cargo-Only Service from the US to Europe

    FTA Response to Heathrow Airport Decision

    FTA Response to Heathrow Airport Decision

    Statement on Bath Clean Air Zone

    Statement on Bath Clean Air Zone

    Jet2 Reports Increased Demand Following Thomas Cook Collapse

    Jet2 Reports Increased Demand Following Thomas Cook Collapse

  • Rail
    CEMEX Transports Two Million Tonnes By Rail to Save 100K Road Movements

    CEMEX Transports Two Million Tonnes By Rail to Save 100K Road Movements

    Rail Ombudsman Marks 2nd Anniversary with Renewed Call on Industry

    Rail Ombudsman Marks 2nd Anniversary with Renewed Call on Industry

    Rail Investment to Provide Economic Boost to Southampton and the Midlands

    Rail Investment to Provide Economic Boost to Southampton and the Midlands

    The End of Rail Franchising: Reform Must Deliver for Freight

    The End of Rail Franchising: Reform Must Deliver for Freight

    Hull Trains to London Are Resuming Service

    Hull Trains to London Are Resuming Service

    Plans for a Rail Testing Centre in Wales Are Progressing

    Plans for a Rail Testing Centre in Wales Are Progressing

    InPost and South Western Railway to Offer Contact-Free Collections and Returns

    InPost and South Western Railway to Offer Contact-Free Collections and Returns

    Acorn Awarded Principal Contractors Licence by Network Rail

    Acorn Awarded Principal Contractors Licence by Network Rail

    Intelligent Infrastructure to Digitally Transform Rail Operations

    Intelligent Infrastructure to Digitally Transform Rail Operations

  • Fleet
    • All
    • Recovery
    Schuler Delivers Event Truck for 'Go Electric' Ford Campaign

    Schuler Delivers Event Truck for ‘Go Electric’ Ford Campaign

    Britain’s Highest and Lowest Roads

    Britain’s Highest and Lowest Roads

    Lytx Secures Long-Term Deal with Breezemount

    Lytx Secures Long-Term Deal with Breezemount

    Roger Bullivant Wins Silver Award for Best Trained Workforce

    Roger Bullivant Wins Silver Award for Best Trained Workforce

    Logistics UK Discusses Readiness with EU Transition Minister

    Logistics UK Discusses Readiness with EU Transition Minister

    How Van Drivers Can Reduce Emissions and Their Impact on the Environment

    How Van Drivers Can Reduce Emissions and Their Impact on the Environment

    Dawsongroup Finance Wins £15M Christmas Leasing Deal with Supermarket Chain

    Dawsongroup Finance Wins £15M Christmas Leasing Deal with Supermarket Chain

    Sonoco Recycling Invests in Three New Hiab MULTILIFTs

    Sonoco Recycling Invests in Three New Hiab MULTILIFTs

    Expand Grid Capacity to Support EV Revolution

    Expand Grid Capacity to Support EV Revolution

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‘Coronavirus Payment Holidays Shouldn’t Stop Business from Receiving Further Funding,’ States Dawsongroup Finance

Cristina Diaconu by Cristina Diaconu
August 12, 2020
in Business
0
‘Coronavirus Payment Holidays Shouldn’t Stop Business from Receiving Further Funding,’ States Dawsongroup Finance

‘Coronavirus Payment Holidays Shouldn’t Stop Business from Receiving Further Funding,’ States Dawsongroup Finance

Businesses who took up the option of a three-month payment break during the coronavirus lockdown should not be penalised or disadvantaged for taking the break when now seeking finance. This is the message from Hampshire-based asset finance company Dawsongroup Finance.

A number of businesses have approached Dawsongroup Finance for funding on assets after their current finance providers declined new applications due to the customer having accepted a payment holiday. This is despite the fact that payment breaks were widely offered across the asset finance industry.

Dawsongroup Finance state that accepting this three-month payment holiday during such unprecedented economic downturn was simply sensible cash flow management and should not be viewed by lenders as adverse credit information.

Kevin Wills, Commercial Director of Dawsongroup Finance, said:

“We were surprised to hear from a number of businesses that a three-month payment holiday has been seen by some finance companies as adverse credit information – even by lenders who offered the payment break in the first place.

“For businesses now trying to take the positive steps they need to in order to re-establish and build their businesses, this can be a massive obstacle – and we’d like reassure them this stance is not one we share.

“We would urge businesses now encountering difficulties in securing new finance offers to get in touch. Here they will not be penalised for taking a payment break during the pandemic – even if that is the case elsewhere.”

Kevin stated that there are exceptions as to when lenders are correct to refuse finance, such as if a business has missed payments historically, or if there is significant risk for the lender, but also stated that lenders should approach the subject of credit with an ‘open-mind’.

Dawsongroup Finance, part of the 1,000-person strong Dawsongroup PLC, also state that lenders using coronavirus payment breaks as adverse credit information run the risk of halting economic recovery as businesses seek to reinvest by expanding and improving their fleets.

Anton Scott, Head of Sales at Dawsongroup Finance, said:

“We’ve had an impressive financial performance in June as more businesses get back on their feet and wish to invest in their business, but with little impact on cash flow. We can thank the easing of lockdown for this investment. More businesses understand the benefit of investing in their fleet right now and they’re coming to us to source and finance the assets, as some lenders are refusing finance full-stop, even for those who haven’t taken payment breaks.”

To help with the increase in businesses and the unique credit information now associated with many different businesses, Dawsongroup Finance have hired a new Credit Manager. Andy Morris is the sixth person to join the Dawsongroup Finance team this year and is responsible for assessing all new business proposals received by the company.

Andy Morris, who has spent more than 20 years in credit management roles, said:

“Now is a very strange and unusual period for credit managers. We are being faced with a number of unique situations and circumstances per application, that all need to be handled with care and empathy. Our stance is simple – if you’ve taken a payment break during coronavirus, we think it was a sensible management choice and it will not deter us from trying to offer you a competitive finance deal for the assets you are acquiring to invest in your recovery.”

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