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Industry performance and supply

FACTORING IN THE UK – TENTH EDITION (2005) INDUSTRY PERFORMANCE AND SUPPLY In the UK, the factoring industry continues to…


New sectors eligible for Small Firms Loan Guarantee Scheme

Thousands of small businesses will find it easier to obtain bank loans thanks to changes announced in the Pre-Budget Report.…


Employment in SMEs on rise

Employment within the UK’ small- and medium-sized enterprises (SMEs) is up for the first time since 2001, according to a…


CBI reports falling confidence among manufacturing SMEs

Last week, official figures showed Britain's manufacturing industry had recorded its worst fall in output in more than 10 years,…


SMEs targeted for development

Small- and medium-enterprises (SMEs) could generate 50% of the country's gross domestic product by 2006, up from 42%, if a…


Major International bank emphasises finance to SME's

The Standard Chartered Bank (StanChart) will this year put special emphasis on providing finance to small and medium scale enterprises…


Insolvencies in the UK Q4 2002

There were 4,323 company insolvencies in England and Wales in the fourth quarter of 2002 on a seasonally adjusted basis.…


European Central Bank holds rates steady

The European Central Bank (ECB) kept its powder dry yesterday, holding interest rates steady at 2.75 per cent, but made…


Bank of England cuts rate while ECB holds firm

The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage…


Kaulkin Ginsberg report the second busiest year in accounts receivables…

Kaulkin Ginsberg today announced that with 55 deals completed in 2002, the year was the second busiest ever in Accounts…


Chamber of Commerce seeks Securitisation Act review

The Chamber of Commerce (PHDCCI), in its pre-Budget memorandum, has urged the Government to review the Securitisation Act, provide longer…


Alliance Entertainment Corp. extends US$135m asset-based credit revolver

Alliance Entertainment Corp. today announced that it has extended the term of its Revolving Credit Facility with GE Commercial Finance…


Euroges Factoring profitability up 42%

Banco Espirito Santo Overseas Ld has published results showing consolidated net profit reaching Euro 222.1m, which corresponds to an increase…


Banks rush to expand lending to SMEs

Local banks, under pressure to scale back consumer lending to households and individuals, are scrambling to find alternative ways of…


Penalties beefed up over late payments

Disputes over late business payments are popularly depicted as a David and Goliath struggle between a small supplier and a…


Dutch giant adds factoring to its services

In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia…


GE's global strategy includes commercial finance expansion

The purchase of First National's consumer credit operation fits with the global strategy of one of the world's largest conglomerates.…


Bankers and lawyers advise investors to flee the retail sector

Bankers and lawyers are advising investors to pull out of the retail, automotive, insurance, household and textiles and telecom sectors…


Fleet Capital announce US$15m asset-based finance deal

Measurement Specialties (Amex: MSS) announced today that on Friday, 31 January 2003, the Company has entered into a three-year US$15…


Numerica business recovery group awarded ISO 9001: 2000 accreditation

Business services group Numerica Group plc today announced that, following an audit by the International Standards Organisation(ISO), its ISO 9001…


First economic indicator of the month

Manufacturing economy contracts more sharply in January as new business falls and capacity is cut. For the first time since…


Financial services firms are seeking to capitalise on their intellectual…

Company directors in financial services companies are attaching growing importance to the value of intellectual property, even though current accounting…


Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…


New interest rate in case of late payment

In order to combat delays in payment in commercial transactions, the Belgian legislator has transposed the EU Directive of 29…


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