The National Association of Commercial Finance Brokers (NACFB) held its first leasing round table at the Manchester Airport Hilton on the 18th February. The meeting was aimed at allowing leasing and asset finance brokers, together with vehicle finance brokers, to raise and discuss the key issues affecting their industries today. The meeting was attended by more than 30 invited brokers and members from both the Board and Executive of the NACFB.

Chairman of the leasing and asset finance division, Stephen Bassett, opened the proceedings with a presentation outlining the issues facing the market, and the funders’ views. Brokers were then invited to share their own perception of the current market and the broker’s place within it.  The first meeting was attended by 35 invited brokers and the outcome of this and future meeting will be to form the Association’s policy for the future.

Adam Tyler, Chief executive, commented: “Over the years, the leasing broker members have felt neglected by the Association as historically the majority of NACFB members operate in the commercial property market. It has been my intention to address this discrepancy for some time, so that leasing and vehicle finance brokers can also have a voice. This was only the first meeting to outline brokers’ concerns about the current market place. This inaugural meeting will form the basis of an active and productive asset finance division.”

Chairman of the NACFB Leasing & Asset Finance Division, Stephen Bassett, said: “This was the first formal meeting of the asset finance and vehicle finance divisions and we expect it to become a springboard for future projects and work. We will continue to listen to the concerns of members and work together with funders and other key figures in the industry to ensure that communication is optimized during these turbulent times, and, that once the recession clouds have lifted, the future of the industry remains bright.”