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Europe

Factoring overcomes scarcity of bank loans in Czech Republic

Pietro Filipi, a Czech fashion firm started from scratch ten years ago has managed to become a trendsetter in the Czech Republic and abroad. The owners' heavy investment into a sales culture proved key for gaining a strong reputation and...

Four-country study shows half of all German respondents planning...

German small- and medium-sized companies (SMEs) are considerably more sceptical about their future financing parameters than their foreign peers, according…


Ronson plc change banks to HSBC and move to...

Ronson plc announced its interim results to 31 December 2002 and declared a pre-tax profit of Ј15,000 and overall turnover…

#bank#banks#invoice


SME’s frustrations over bureaucracy and the ‘grey market’ rise...

In the first, frothy years of Poland's post-communist transformation, more than a million small businesses set up shop, selling everything…

#GDP#small businesses#smes


ECGD urges Export Credit Agencies to work in partnership

The UK's Export Credits Guarantee Department (ECGD) has renewed its commitment to keep sustainable development at the heart of its…

#exporters#forum#guarantee


Bad debt provision causes Aston Rothbury Factor’s profits to...

Aston Rothbury Factors Limited’s latest financial statement, for the year ended 31 March 2002, attributed the company’s decrease in profit…

#AR#Bill#insurance


Invoice financing usage up, leasing down – Bank of...

Invoice financing provided to small- and medium-size enterprises (SMEs) rose towards the end of 2002, although the use of leasing…


The president of the Association of Business Recovery Professionals...

John Verrill, the president of the Association of Business Recovery Professionals(R3), the body representing insolvency practitioners and company doctors, slammed…

#banks#insolvency#Paid


Norway logged the highest bankruptcy rate of Scandinavian countries...

Bankruptcy filings in Norway soared 41.3% during the first three months of 2003, compared to the same period last year.…


Hansa Capital’s factoring market share increases to 51.4%

In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in…

#international


Insolvency practitioner loses licence to practise after being convicted...

An insolvency practitioner has lost his licence to practice after being convicted of conspiracy to defraud creditors. Sudhir Rishi, also…

#insolvency#trade#WHO


The Association of Business Recovery Professionals, R3, appoints a...

John Verrill, head of corporate recovery and partner at leading law firm Lawrence Graham, was today appointed president of R3,…

Bank sues KPMG over Finance Credit fraud scandal

A small bank in Norway is suing accounting giant KPMG after losing NOK 125 million on the bankruptcy of factor…

#bank#bankruptcy#banks

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