Adam Tyler, Chief Executive of NACFB

myintroducer.com catches up with Adam Tyler, Chief Executive of NACFB, the UK trade body for business finance brokers.

Related topics:  In The Spotlight
Millie Dyson
7th January 2011
In The Spotlight
What is NACFB’s biggest achievement in your eyes?

The biggest achievement of the NACFB has been achieving real recognition in the political arena, so that it can now lobby on behalf of its members and their SME customers at the highest level and really try to make a difference.

What do you expect the commercial market to look like in 2011 and onwards?

The Commercial Finance Industry is made up of a number of different areas and these have all been affected in different ways and over different timescales. But generally, I see an improvement all round, in fact last year we reported an increase of 18% for 2010 over the previous year and I expect this trend to continue overall.

The difference this time will be that I expect all areas of commercial to show an increase in written business.

What has the NACFB done to help business survive the last recession?

The NACFB has not only lobbied on behalf of the SME in its own right, we have worked closely with small business organizations such as the FSB and the FPB in providing a “real” insight into what lending is actually being done in the market.

We carry out the ONLY full survey of the commercial finance industry and report this widely, in fact our findings led to the NACFB featuring on breakfast TV and radio. I was also part of the British Bank Association’s taskforce arranged by Vince Cable to try and get lending to business going again.

What does 2011 hold for the buy-to-let market?

The Buy to Let market is one that we campaigned against regulation with both the FSA and HM Treasury in early 2010. The number of professional Landlords out there who need commercial advice on their portfolios need to be treated distinctly different to the one property amateur landlord.

It is this diversity that makes this market one that is hard to read in the coming year, if you are running a property portfolio as a professional business, now is the time to enhance it, but as one off landlord facing competition and perhaps a struggle to find and keep tenants, the loss of equity in the property plus the short/medium term prospect of a rate rise, then you would be thinking twice about buying another property on the same basis.

If you weren’t in financial services what would you be doing?

I have been in financial services for a many years, but I am a qualified Marine Engineer with a number of years experience in the Merchant Navy, so I will leave it at that.
More like this
Latest from Property Reporter
Latest from Protection Reporter
CLOSE
Subscribe
to our newsletter

Join a community of over 30,000 intermediaries and keep up-to-date with industry news and upcoming events via our newsletter.