The Commercial Finance Show opened at the Barbican in London yesterday with a report by Mr David Marsden chairman of the Factors and Discounters Association showing that factoring has never been in healthier state.
The FDA has today published its review of the first half of 2000. The results published in the review are as follows:
The accounts of FMN Financial Limited (which merged with Fortis Bank Commercial Finance to become Fortis Commercial Finance in July of 2000) for the year ended 31 December 1999 have today been released.
Trade and Industry secretary, Stephen Byers, has today announced plans to establish new manufacturing centres of excellence in an effort to promote a regional support network to improve productivity for SME’s.
Following the coming together of Alex Lawrie Factors and Lloyds TSB Commercial Finance in January, factoring specialist Alex Lawrie is expanding its operations in Scotland under a new name.
Fortis Commercial Finance today unveiled an innovative Client Service Charter aimed at setting new standards of customer care for SME's and mid-market businesses.
As of 1 October 2000, Northern Bank Factors Ltd will cease trading as a limited company and its factoring operation became a department of Northern Bank plc.
Factoring specialist Alex Lawrie and leading invoice discounting provider, Lloyds TSB Commercial Finance, are embarking on a new integrated business strategy.
UPS Capital, part of the UPS Logistics Group, is to set up a European factoring network which should be operational by the beginning of October 2000.
RDM have recently opened an office in Scotland to reflect the different needs of businesses there. Graeme Cullen, whose most recent experience is with Reedham Factors, is the new Regional Manager.
