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Europe

Factoring debt repayment failure led to Mayflower fall

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its behalf. The arrears were the "certain accounting irregularities" at its TransBus International subsidiary revealed on March 29. Mayflower, the bus...

SME Invoice Finance profits top Ј400k

SME Invoice Finance Limited has announced results for the financial year to December 2003 following their annual audit undertaken by…

#invoice#management


Interest rates left unchanged

The Bank of England has held interest rates steady at 4.0 per cent for the second month running, after a…


Cattles builds corporate team

Manchester based Cattles Invoice Finance has strengthened its corporate team with the promotion of two associate directors. In his new…


Government creates programme to support SMEs

The ministry of economics and organizations has elaborated a new programme for the development of small- and medium-sized enterprises (SMEs).…


Business failures continue to fall

The number of limited businesses failing in the first quarter of 2004 fell by eight per cent compared with the…


Lloyds TSB Commercial Finance funds Dantec buy-out

A Moreton-based manufacturer of specialist hose for the oil industry and Formula One racing has been bought by its management…

#commercial finance#management


UK companies amongst the worst late payers in Europe

Intrum Justitia, Europe’s leading credit management company, has provided further evidence of poor payment practices in the UK following the…

#late payment#management#payment practices


SMEs drew support of SKK3.042 billion

Small- and medium-sized enterprises (SMEs) obtained financial assistance totalling SKK3.042 billion over the second half of 2003. SKK2.215 billion was…


MNB cuts rate as government trims spending

Hungary's central bank (MNB) unexpectedly cut its benchmark interest rate a quarter-point, reducing borrowing costs for the second time in…

#bank#Boost#interest


New ECGD CEO announced

A City banker with a long track record in export and project finance, was today named as the Export Credits…


Atradius launches guide to help firms save lost profits

A free guide has been published to help firms save up to a third of their annual profits that is…

#Atradius#bank#invoice

Survey shows SMEs geared up for expansion

Small businesses will create more than 36,000 jobs this year, more than double last year's number, according to the Small…

#interest rates#Jobs#small business

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