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HSBC reports record year for new business

HSBC Invoice Finance (UK) Limited has reported profits before-tax of Ј59.69m for the year ending 31 December 2003, an increase of 12.32% compared to the previous year (Ј53.14m). Factoring and invoice discounting turnover in the period was Ј116.39m, compared to...

#bank#funding#invoice

Clough's Ј19m eludes receivers in Versailles case

Receivers for Versailles have recovered only Ј550,000 of the Ј19m fortune siphoned from the collapsed trade finance house by disgraced…

#3M#banks#trade


Ultimate Finance Group interim results – turnover up 336%

The Ultimate Finance Group has released its interim results1 for the six months ended 31 December 2003, which show a…


ECGD announces new procedures to combat bribery and corruption...

Strengthened procedures to minimise the risk of bribery and corruption on business deals supported by the Export Credits Guarantee Department…


SMEs in line for free IT training

Thousands of small businesses could be entitled to free IT training following the expansion of a government-sponsored skills initiative announced…


Dynamic Commercial Finance preliminary results

Dynamic Commercial Finance plc (DCF) have released preliminary results for the year to 31 December 2003, reporting a first full…


Better Payment Practice Group appoints new chairman

The Better Payment Practice Group (BPPG) has announced the appointment of Dr Richard Wilson, business policy executive at the Institute…


UK Matrix Group acquires private equity business from GLE

UK Matrix Group has agreed to acquire the private equity arm of Greater London Enterprise, GLE Development Capital (GLEDC). Matrix…


John Major to be questioned in Mayflower audit inquiry

John Major, the former Conservative Prime Minister, faces questioning by the City watchdog over a Ј20 million black hole at…


DTI denies accusations of insolvency own goal

The Department of Trade (DTI) has launched a detailed rebuttal of research that concluded the recent overhaul of corporate insolvency…


Bibby Group of Factors announces new appointments

Bibby Factors, part of the Bibby Financial Services Group, has announced three appointments in the Northeast, West Midlands and Sussex…


The Royal Bank Of Scotland Commercial Services strengthens North...

The Royal Bank of Scotland Commercial Services (RBS Commercial Services), the invoice finance arm of The Royal Bank of Scotland,…

#bank#financial services#international

Exchange 'slow to freeze Versailles'

London Stock Exchange regulators waited eight months before they suspended trading in shares of collapsed finance group Versailles despite being…

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