Norton Folgate continues to grow profitably

March 2011 saw Norton Folgate FG Plc, a specialist asset leasing, finance and consultancy business, settled into its new City offices but more importantly strengthen its business and move back into profit exactly two years since it was re‑purchased by an SPV owned by its Managing Director.

The positive news continues on the recruitment front, with two new appointments starting this month. Paul Murray and Ellie Hoad join from St Helens Finance as Associate Director - Business Finance and Business Development Manager - Professions Finance, respectively. 

New entrants to Norton Folgate’s funding panel and an improved flow of funds have contributed to making the last month in its financial year the best single month since August 2007, in itself its best month ever.  Frankie Ferraro also achieved the best individual sales performance in any month to date.  Underlying sales growth to March was up 29% year on year with the average headcount down 37% over the same period. And the forecast for the next 12 months is also encouraging with a further 25%+ growth predicted with no additions to fixed overheads – all heralding a successful coming year.

Norton Folgate is on target to increase business by 22%

Norton Folgate is on target to increase business by 22% over its 2009 results, which puts the company in a strong position for 2011. As a result of relocating its head office to the City of London, Norton Folgate has streamlined its team and increased the volume of Corporate Finance advisory work. The new product range includes Corporate Finance advisory, Structured Asset Finance and Asset Based Lending. Having secured new funds and new products, Norton Folgate anticipates it will double its business over the next three years.

A strong performance in Q3 has put Norton Folgate further on target to increase its business levels by 22% over 2009. Despite the difficulties of the market, the year has been stronger than last and sets the company up for a strong 2011. Over the next three years Norton Folgate expects to double the size of the business from its 2009 level. New entrants to Norton Folgate’s funding panel and a slightly greater flow of funds have helped the hike in performance.

Best Month since April 2008

Following Norton Folgate’s  launch of its ABL / Structured Asset Finance team and the FSA stamp of approval Norton Folgate has reported its best month since April 2008.

Helped along by Structured Transaction led by Robert Keep personally the company bucked the current difficult trend in July.

The company is due to open its new City Office in the coming weeks.

09-04-2010 - Norton Folgate gains the FSA stamp of approval

Norton Folgate gains the FSA stamp of approval with authorization in relation to its Corporate Finance Business. The group now offers the full range of financing and advisory services with Asset Finance and Leasing, ABL / Structured asset finance and now Corporate Finance.

31-03-2010 - Norton Folgate Restructures its Team

Norton Folgate restructures its team to provide distinct routes to market covering its various disciplines with the introduction of its dedicated ABL product. Personally led by Managing Director Robert Keep the ABL product line will sit within the Structured Asset Finance division bridging the gap between Leasing and Asset Finance and the group’s Corporate Finance Business.

29-10-2009 - £250m Milestone Reached

Last quarter Norton Folgate reached a monumental milestone in brokerage terms, when the business passed the £250,000,000 mark for finance and leasing placed across all its market sectors.

08-10-2009 - Robert Keep Reports in the Media

Robert Keep, founder and Managing Director of Norton Folgate has always had an opinion on all things ‘financial’ and an even more astute eye for the state of the economy. Now Robert is reporting his views through a variety of media titles.

24-05-2009 - The Sunday Press Reports the Worst of the Recession is Behind Us

The Sunday press widely report that many leading economic commentators believe that the worst of the UK and world recession is behind us and that positive signs in the housing sector are beginning, stating that interest rates are expected to remain at the current levels for the foreseeable future.

22-05-2009 - The Liberty of Norton Folgate

The Sun, Britain’s most read newspaper carries a two page feature article on the album ‘The Liberty of Norton Folgate’ released by ‘Madness’.

21-05-2009 - Re-launch Party at the Crypt

Norton Folgate marks its regained independence with a re-launch party at the Crypt at the Bleeding Heart. This re-launch takes place on the same day as the world famous pop group ‘Madness’, launches its album ‘The Liberty of Norton Folgate’, which provides a light hearted musical interpretation of the history of Norton Folgate.

20-03-2009 - Norton Folgate Regains its Independence

Norton Folgate regains its independence in a management buy out led by its former majority share holder and Managing Director, Robert Keep.

17-03-2009 - Finance Broker Norton Folgate Sold Off

Norton Folgate FG plc (NF), the finance broker subsidiary of General Capital, has been sold to a company controlled by its management.

31-03-2007 - Norton Folgate is Acquired by General Capital Plc

Norton Folgate is acquired by General Capital Plc in a transaction carrying an enterprise value of £2.9 Million.

02-03-2007 - Norton Folgate Eventually Acquired by Expanding Lessor

Following extensive share price growth and a rise of £10m gross via placement of approximately 8m new ordinary shares at 130 pence, General Capital Group plc, the asset and venture finance specialist, now has grand plans to capitalise on the vast business potential of the broker market in 2007.

06-09-2006 - Trading Places

The big story on most asset finance banker’s minds is the sale of part of Barclays’ asset finance. Although so far few words have been written about this, partly because the deal excludes the former Iveco business, the business’ trophy finance arm, and also because Barclays has refused to comment on it, the last anyone did hear about it the bank had posted sales memoranda to prospective purchasers and several names had cropped up as interested buyers. That was way back in June, and while most of the City remains tight lipped on the affair, it looks highly likely that the deal remains active.

01-07-2006 - Folgate Content Despite Rejecting Share Offer

Norton Folgate, the small-ticket broker, remains undaunted by having to reject an all-share offer of £3.65m by an unnamed acquirer.

10-10-2003 - Norton Folgate Diversifies in Challenging Times

June 2002 saw Norton Folgate Plc (NF), the small-ticket brokerage, embark upon its first sales-aid joint venture (JV), Wellpoint Financial Services (WFS), providing funding for medical equipment to pharmacies. NF managing director Robert Keep said: “this initiative has proved to be a good learning curve for the company and has provided the opportunity to test our administration systems on that type of product”.

02-10-2003 - LifeStyle

HOT IN A GOOD CAUSE - As charity events go, the head of leasing at Capita Asset Funding Solutions can certainly spot a challenge—a whole 5km of it. That said, Geoff Kontzle did complete the Battersea Park run in 37 minutes and 10 seconds: not bad for a London-based lease broker more used to City wine bars than running in temperatures of 30 degrees. It was not just the heat he had to overcome but the congestion caused by some 11,000 runners. All were there, however, including a number of other Capita entrants, in aid of good causes: the NSPCC and the Princes Trust.

05-07-2000 - Norton Folgate Incorporates as Norton Folgate FG Plc

Norton Folgate incorporates as Norton Folgate FG Plc and invites its staff to become shareholders, an offer that is unanimously accepted.

05-02-1996 - Norton Folgate Commences Trading

Norton Folgate commences trading with two staff and a small office in Hertford.