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Factoring in the Implications of GE Capital’s Heller Buy-Out

It is thought that GE Capital’s acquisition last week of Heller Financial for $5.3bn, whilst significant in the broader context of the finance industry of north America and Europe, is not likely to send major shock waves through the factoring...

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


Asta Reports 49% Increase in Net Income

Asta Funding, the financial services company which specialises in factoring and the purchase, liquidation and management of performing and non-performing…

#financial services#funding#management


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


New Rules for Mutual Trust Funds Could Have Implications...

The Ministry of Finance announced on 1 August a set of draft rules governing the management of mutual trust funds,…

#bank#bonds#guarantee


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


Accord Financial Corp Announce Second Quarter and First Half...

The Toronto-based Accord Financial Corp (which through its subsidiaries in Canada and the United States, provides asset-based financial services to…


KBK Capital Corporation Plans to Boost its Factoring Portfolio...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the second quarter and…

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

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