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Europe

New factoring company with ambitious plans enters Polish market

GMAC Commercial Finance is a new player in the Polish market of factoring services. The company plans to conquer one-third of the Polish market within 3 years by strengthening its brand's market profile. The services offered by GMAC include registration...

#commercial finance#insolvency#management

BOE holds rates at 4.75%

UK interest rates have been kept on hold at 4.75% following the latest meeting of the Bank of England's rate-setting…

#bank#Bank of England#interest rates


Index of production August 2004

In the three months to August, the seasonally adjusted chained volume index for the output of the production industries was…


Ј700m is raised by mezzanine fund team

A new independent fund that will help finance the buy-out of large companies has raised Ђ1bn (Ј700m). The UK-based fund,…

#bank#international#liquidity


David Totney is back on his old hunting ground

One of the best known figures on Birmingham's commercial finance scene has returned to his old hunting ground in the…


UK service sector continued to grow strongly in September,...

September saw an eighteenth consecutive monthly increase in service sector business activity, which firms attributed to continued marketing activities, higher…


Profitability of UK companies 2nd quarter 2004

The net rate of return by private non-financial corporations in the second quarter of 2004 was 13.8 per cent. This…

#UK companies


Business investment up again

Manufacturers and construction companies have contributed to a substantial increase in UK business investment between April and June this year.…


Married couple loses “partnership” tax test case

SMEs throughout the UK could be liable for higher tax bills after a and husband and wife team lost their…

#Bill#small business#smes


Fewer businesses to go bust, says BDO

There will be a large decline in the number of UK businesses going bust this year, according to insolvency experts…

#economic recovery#insolvency#interest rate


Government red tape pledge on business aid

Ministers have pledged to cut back on the red tape damaging government assistance to smaller businesses. The move came as…

#debt finance#guarantee#regulation


Spowart plans bank for SMEs

Jim Spowart, the bank start-up expert who brought Direct Line Financial Services, Standard Life Bank and Intelligent Finance (IF) to…

Small firm loans due for overhaul-Richard Tyler

A review of the government-backed small firms loan guarantee scheme has found it "expensive" and "bureaucratic" and recommends a bonfire…

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