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Europe

Cattles funded MBO turns division into family-run business

Cattles Invoice Finance has funded the management buy-out (MBO) of Wakefield-based Grosvenor Transformers from the Grosvenor Group. The deal will see Grosvenor Transformers become a family-run firm. Harry Clarke, who led the MBO with his son Anthony, set up Grosvenor...

#cash-flow#invoice#management

Slovak Guarantee and Development Bank to focus on SME...

The Slovak Guarantee and Development Bank (SZRB) will focus on the provision of an indirect form of guarantees with an…

#bank#guarantee#guarantees


Companies must make rapid structural changes to survive

Economists fear the world's sixth-largest economy, recently surpassed by China, appears hobbled by structural weaknesses that could make de-industrialisation more…


Close Invoice Finance and Metropolitan Factors results announced

Close Invoice Finance Limited have released their financial results for the twelve months to 31 July 2003 showing a pre-tax…


Receivables finance industry volume up 15% in Q1 2004

The Factors and Discounters Association of the UK and Ireland (FDA) has published industry figures today showing a 15.03% increase…


National Bank of Slovakia report on Q1 lending rates

The average interest rate on bank loans drawn in Slovakia decreased by 0.04 percentage points to 7.51 per cent from…

#bank#interest#interest rate


Versailles’ audit partners ignored audit manager’s warning – John...

I commend the note on the website of the Accountants' Joint Disciplinary Scheme on the spectacular audit failure at Versailles…

#assignment#channel#i


Exim Bank supports exports worth Skk 54.6 bn in...

The Export and Import Bank of the Slovak Republic (Exim Bank) reported a net profit of Skk95.7m in 2003. It…


Lloyds TSB divisions fund distribution MBO with asset-based finance

A Leeds-based firm, which distributes some of the UK's best-known consumer magazines, has been bought by its management. Macfarlane Transport…


Ultimate Finance Group oversubscribed equity issue to fund expansion

The Board of Ultimate Finance Group PLC (UFG) is pleased to announce that its offer for subscription of up to…

#funding#investment#invoice


Export recovery boosts manufacturers orders to a six-year high...

The UK manufacturing recovery gathered momentum in May as demand from home and abroad pushed total order books up to…


EBRD publishes its strategy for Poland

The European Bank for Reconstruction and Development (EBRD) economic report gives Poland high marks, but warns there is still much…

#bank#economy#investment

Stuart Holloway, MD of RBS Commercial Services, announces record...

The Royal Bank of Scotland Commercial Services (Holdings) Limited (RBS Commercial Services) announced a record performance for the year ending…

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