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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 BDO Stoy Hayward. Turnover for the year has risen by 48% with operating profits growing by over 110% to return...

#invoice#management

FCI report world factoring volume tops 760bn Euros, up...

Factors Chain International (FCI), the world’s largest network of factoring companies with a presence in nearly 60 countries, has published…


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).…


Ex Reagan aide accused of $52,000 factoring fraud

A former top US Environmental Protection Agency (EPA) official was indicted yesterday on federal charges alleging she schemed to fraudulently…


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


SBP to educate banks on SME lending based on...

The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to small- and medium-sized enterprises…

#bank#cash-flow#SME lending


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…

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