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Shipowner boosts stake in debt collection agency

John Fredriksen, best known for being the world's largest tanker owner, has boosted his stake in debt collection agency Aktiv Kapital to nearly 40 per cent. He bought up shares held by Norwegian investors Oeystein Stray Spetalen and Aktiv's founder,...

Audit change for SMEs has a bright side

Following the warning from the Forum of Private Business (FPB that new small-firm audit regulations could put directors' homes at…


Factoring in the US, EIU report

Factoring slumped 20% to a volume of US$115bn in the US in 2002 compared to the previous twelve months, according…


Versailles never generated a profit in nine years, court...

Versailles, the trade finance company which collapsed in 2000 owing Ј70m to its banks, made no money whatsoever from the…


Anfac calls for factoring regulation

Chile's factoring industry would only become subject to official state regulation if the companies concerned were to begin to handle…

#bank#factoring industry#factoring regulation


Growth of output and new orders remains significant in...

January’s seasonally-adjusted CIPS/Reuters Purchasing Managers' Index (PMI) – a composite indicator designed to provide an overall view of conditions in…

#DEC#economy


Ex-Im Bank’s 2005 budget

President Bush's fiscal year 2005 budget request for the Export-Import Bank of the United States (Ex-Im Bank), which the Administration…


New system of guarantees will satisfy more applicants

The main goal of the Slovak Guarantee and Development Bank (SGDB), Inc. this year is more capital issued to effectively…

#bank#banks#guarantee


New joint factoring venture announced

BZ WBK Faktor, owned by BZ WBK bank and Bibby Factors, the Polish unit of the UK’s Bibby group, will…


Cushnie firm 'received Versailles cash'

Carl Cushnie, founder of the collapsed FTSE 250 company Versailles, channelled more than Ј610,000 in payments from within the group…

#banks#crisis#i


SME confidence bounces back in January

Small- and medium-sized enterprises (SMEs) confidence was up two points to 46.7% in January, showing an unmistakable recovery from its…

#economy#inflation#investment


EUROFACTOR gets Sony approval to fund MBO

EUROFACTOR, the Reading-based business finance experts, have announced their most recent high profile deal by helping to fund the management…

#business finance#funding#invoice

Time to get financial reporting right for SMEs

Small- and medium-sized enterprises (SMEs) are vital to the EU economy and high-quality, transparent financial reporting is important for them…

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