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Europe

Factoring Contributes to Healthy First Half Results for Banco...

The Lisbon-based Banco Espirito Santo, the principal subsidiary of the Espirito Santo Financial Group S.A., today announced its 2001 First Half results. BES recorded a very positive performance in top line figures, with 19.4% growth of net interest income and...

RBS Boosts Invoice Finance

Faster access to invoice finance is being offered electronically by Royal Bank of Scotland’s commercial services arm. Through the KeyCash…


UK Manufacturers Suffer Worst Quarter since 1991

Manufacturing has suffered its worst quarter since 1991, official figures showed, confirming that the industry has gone into recession. Although…


Euro Sales Release Draft Account Details

The board of the stricken factoring company, Euro Sales Finance plc, has today issued draft accounts for the year ended…

#BCR Publishing#funding#i


Companies Taking Longer to Pay Bills than when Legislation...

Many companies in the UK are delaying payment of their invoices as a means of bolstering their cash flow as…

#cash-flow#Jobs#late payment


DTI Records Increase in Corporate Insolvencies in Q2 2001

Statistics showing insolvencies in the second quarter 2001 are published today by the Department of Trade and Industry. Company Insolvencies…

#insolvencies#trade


Eurofactor Contributes to Growth of Euler Group

The credit insurer and provider of other diverse financial and management services, Euler group, has recorded a rise of 15%…

#Allianz#international#management


Factofrance Heller Bought by GE Capital

The leading French factoring specialist, Factofrance Heller, has become part of GE Capital, the financial arm of General Electric, following…


Fourth Person Charged in Versailles Alleged Fraud

A fourth person was charged yesterday by the Serious Fraud Office in connection with the collapse of Versailles, the trade…


Former Versailles Executives Charged

Following their surrender today at Charing Cross Police Station, Carl Cushnie, the former Chairman and Chief Executive of Versailles, and…


City Invoice Finance Break into the Profit Zone

The annual accounts for the factoring company City Invoice Finance Ltd for the year ended 31 December 2000 record that…

#bank#invoice#small business


French Factoring Market is Still Very Concentrated

There are very few factoring companies in France (25 at the end of 2000), and the five main players in…

#Factofrance#Two

Prompt Payment not a Priority

League tables for over 4,000 companies published by the Federation of Small Businesses (FSB), a member of the Better Payment…

#FSB#GDP#late payment

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