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Trade Finance company, Versailles’, chiefs sentenced

Carl Cushnie and Fred Clough, the former chairman and finance director of Versailles, the trade finance house, were each sentenced to six years in prison yesterday for masterminding a Ј150 million fraud described by the presiding judge as “one of...

Lloyds TSB Commercial Finance backs Falcon’s expansion plans with...

A Norfolk-based crane business is aiming to double its annual turnover from the present Ј15m in the next 10 years…

#commercial finance#WHO


Atradius launches two new policies for SMEs

UK small- and medium-sized enterprises (SMEs) should take steps now to ensure that they are in a strong position to…


Scottish small businesses financing on plastic

The biggest annual survey of Scotland’s SMEs found that a staggering 25 per cent of Scotland's small companies are using…


Cattles funded MBO turns division into family-run business

Cattles Invoice Finance has funded the management buy-out (MBO) of Wakefield-based Grosvenor Transformers from the Grosvenor Group. The deal will…

#cash-flow#invoice#management


Close Invoice Finance and Metropolitan Factors results announced

Close Invoice Finance Limited have released their financial results for the twelve months to 31 July 2003 showing a pre-tax…


Receivables finance industry volume up 15% in Q1 2004

The Factors and Discounters Association of the UK and Ireland (FDA) has published industry figures today showing a 15.03% increase…


Versailles’ audit partners ignored audit manager’s warning – John...

I commend the note on the website of the Accountants' Joint Disciplinary Scheme on the spectacular audit failure at Versailles…

#assignment#channel#i


Lloyds TSB divisions fund distribution MBO with asset-based finance

A Leeds-based firm, which distributes some of the UK's best-known consumer magazines, has been bought by its management. Macfarlane Transport…


Ultimate Finance Group oversubscribed equity issue to fund expansion

The Board of Ultimate Finance Group PLC (UFG) is pleased to announce that its offer for subscription of up to…

#funding#investment#invoice


Export recovery boosts manufacturers orders to a six-year high...

The UK manufacturing recovery gathered momentum in May as demand from home and abroad pushed total order books up to…


Stuart Holloway, MD of RBS Commercial Services, announces record...

The Royal Bank of Scotland Commercial Services (Holdings) Limited (RBS Commercial Services) announced a record performance for the year ending…

Euro Sales Finance bounces back with record pre-tax profits

Euro Sales Finance plc announced a return to profitability with record pre-tax profits of Ј6.0m for the year to 31…

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