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SMEs afraid to chase late payments

Despite late payment placing increasing pressure on small firms, a survey by Cattles Invoice Finance has shown that more than three-quarters are reluctant to exercise their legal rights on debtors. (more…)

The Budget – are measures sufficient?

Following the Budget announcement this afternoon, Edward Rimmer - chief executive of Bibby Financial Services in the UK Ireland commented…


Cattles suspends shares

Shares in doorstep lender Cattles Plc were suspended today, with the company's  invoice discounting arm currently up for sale. (more…)

#bad debts#invoice


The Budget – some easing, but enough?

Following the release of the UK Budget, Edward Rimmer Chief Executive of Bibby Financial Services in the UK and Ireland,…


Euler Hermes commends government but attacks banks

Euler Hermes welcomes government credit insurance scheme while attacking the banks for not lending in the downturn. (more…)

#Atradius#management#security


Trade credit plan attacked on eve of release

Struggling retailers have criticised a plan expected to be unveiled by Alistair Darling in tomorrow's Budget for failing to go…


Cattles Invoice Finance expands Manchester team

Independent business funder, Cattles Invoice Finance (CIF), has strengthened its Manchester sales team with the appointment of regional manager, Adele…

#bank#commercial finance#invoice


Insurance association publishes statement of principles

The Association of British Insurers (ABI) has issued a so-called Statement of Principles on the sector, outlining how insurers operate…

#Atradius#guarantee#guarantee scheme


Soaring trade credit insurance claims

Insurance claims by companies left unpaid for goods supplied to firms that went bust soared more than 50% in the…

#Atradius#guarantees#payment terms


HSBC recommending invoice finance to troubled SMEs

With more than two million SMEs saying the issue they'd most like this month's Budget to address is the problem…


Withdrawn credit insurance creating problems

Half of large retailers and over 40 per cent of small and medium-sized businesses say the reduction or withdrawal of…


Government and business urged to get tough on late...

40% of small and medium-sized firms would put action to tackle late payments at the top of Chancellor Alistair Darling's…

#invoice#late payment#management

Larger companies the worst of the late payers

Three in five businesses are struggling with cashflow because their clients are delaying payments, and large companies are the worst…

#bank#HMRC#UK companies

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