BCR Latest News

Steve Websdale Appointed Chief Executive at FDA

Steve Websdale has been appointed to the position of Chief Executive of the Factors and Discounters Association, the industry association…


Factoring Conference to be Held in Moscow in June

Mikhail Treyvish, managing director of the factoring department of the Moscow-based NIKoil Investment Banking Group, has announced plans to host…


Byers Hails Inward Investment Figures As “Ringing Endorsement” for UK

Ernst and Young figures show that UK is Europe's favourite place to invest. Trade and Industry Secretary Stephen Byers today…


Capital Bank Cashflow Finance Limited Record Pre-Tax Loss

Capital Bank Cashflow Finance Limited have released their annual accounts for the year ended 28 February 2001. Turnover has fallen…


Konsolidacni Banka Record Q1 2001 Loss

The Czech state-run factoring bank, Konsolidacni Banka, has announced a first quarter loss of 933million koruna which compares with a…


Danske Bank sells BG Factoring to NCM

Danske Bank sold its subsidiaries BG Factoring A/S and BG Garanti Forsikringsselskab A/S to the Dutch-owned NCM group effective from…


Haulage Seminar, National Motor Museum, Gaydon, Warwick, UK: Tuesday 5…

In light of the problems that the haulage industry has been facing, the accountants Grant Thornton, renowned for their expertise…


Asta Reports 62% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…


Late Payment Guarantees Added to Coverclick’s Product Range

Coverclick.com, the web-based credit insurer backed by Royal & Sun Alliance, has added another first to its product range. Following…


“Complex Monopoly” of Banks Damages Small Businesses

Small businesses are being hindered by excessive loan and current account payments due to banks running a “complex monopoly”, according…


Hansabank to buy Lithuania’s Second Largest Bank

Hansabank, owner of the largest factors in the Baltic states, Hansa Leasing, yesterday strengthened their pan-Baltic network by signing a…


Independent Growth pulls IPO

Factoring group Independent Growth Finance Plc, the holding company for GLE Invoice Finance, said on Monday it was scrapping its…


Shake-up at Euro Sales Finance

On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which…


UK Businesses Urged to Participate in Consultations over European Payment…

The Better Payment Practice Group is urging UK businesses to take part in the consultation process on implementing a European…


Bancorp’s Factoring Income Drives Record Q1 Figures

Sterling Bancorp today announced record figures for the three months ended 31 March 2001. Net income for their factoring operation…


GLE Invoice Finance to Launch Invoice Discounting

The Kent-based factoring company, GLE Invoice Finance, have announced the expansion of their product range to include invoice discounting. The…


Svenska Handelsbanken Bid for Midtbank

Yesterday Svenska Handelsbanken, the largest bank in Sweden and parent of one of the Swedish factoring industry’s major players, Handelsbank…


Manufacturing Economy Contracts as Book Orders Fall

The Purchasing Managers’ Index (PMI) survey in March indicated marginal falls in both output and order books. The worst performing…


GE Capital Commercial Finance named European Asset Based Lender of…

GE Capital Commercial Finance Ltd has been voted European Asset Based Lender of the year for 2001 by the European…


HSBC Invoice Finance (UK) Ltd Records Increase in Turnover and…

HSBC Invoice Finance (UK) Ltd have released their annual accounts for the year ended 31 December 2000. Turnover has risen…


Venture Finance PLC’s Profits Increase by 41%

Venture Finance PLC today released their annual accounts for the year ended 31 December 2000. Turnover has risen by 26.16%…


Euro Sales Finance Share Price Plunges on Profit Warning

Euro Sales Finance today issued the following statement: “Whilst ESF has the opportunity to expand its receivables book significantly, particularly…


London Business Failures Surge

Business failures in London rose by more than 50% in the first quarter of the year compared to the previous…


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