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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 see Grosvenor Transformers become a family-run firm. Harry Clarke, who led the MBO with his son Anthony, set up Grosvenor...

#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…


Venture Finance speaks the language of finance

A seven-strong team of directors have paid an undisclosed sum for the UK and European operations of Manchester language-training firm,…


Versailles jury returns verdict

Carl Cushnie, once Britain's most successful black businessman, was yesterday convicted for his part in one of the country's biggest…

#banks#forum#frauds


Late payment legislation favoured by SMEs over other credit...

Despite DTI figures which show that UK insolvencies due to late or non-payment are increasing, the majority of small- and…

Bibby Factors Northwest appoints new manager and head of...

Bibby Factors Northwest, a specialist provider of business cash flow solutions, has announced the appointment of Paul Mountain as regional…

#bank#cash-flow#financial services

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