UK

It has been announced today that Euro Sales Finance will be providing growth capital for one of the leading online suppliers of IT products, WStore UK.

Natwest has become the first major bank in the UK to offer small business customers an overdraft facility which is not repayable on demand at the bank’s whim.

The Bank of England has today released a report on finance for small businesses in deprived communities. This report is intended as the first in a series of assessments of the provision of finance to businesses in small communities

Argent Commercial Services Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by 9.75% to Ј2,871,825 from the 1998 figure of Ј2,616,678.

Reedham Factors Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by 8.68% to Ј6,336,291 from the 1998 figure of Ј5,830,038.

The Department of Trade and Industry regards VAT registration figures as the best official guide to the pattern of business start-ups and closures across the country.

As part of its desire to create and develop a more business friendly culture the UK Department of Trade and Industry has proposed a new approach to be taken towards failed new businesses.

In the July - September 2000 quarter company insolvencies in England and Wales reached 3,776 on a seasonally adjusted basis. This represents an increase of 8.6% on the 3,477 recorded in both July - September 1999 and April - June 2000.

It has been announced today that Euro Sales Finance will be providing growth capital for one of the leading online suppliers of IT products, WStore UK.

The FDA has today released the figures for the nine months to 30 September 2000. The figures show a continuing healthy trend and a further increase in funds provided to clients to nearly Ј60 billion.