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Factoring debt repayment failure led to Mayflower fall

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its behalf. The arrears were the "certain accounting irregularities" at its TransBus International subsidiary revealed on March 29. Mayflower, the bus...

SME Invoice Finance profits top Ј400k

SME Invoice Finance Limited has announced results for the financial year to December 2003 following their annual audit undertaken by…

#invoice#management


Interest rates left unchanged

The Bank of England has held interest rates steady at 4.0 per cent for the second month running, after a…


Cattles builds corporate team

Manchester based Cattles Invoice Finance has strengthened its corporate team with the promotion of two associate directors. In his new…


Business failures continue to fall

The number of limited businesses failing in the first quarter of 2004 fell by eight per cent compared with the…


Lloyds TSB Commercial Finance funds Dantec buy-out

A Moreton-based manufacturer of specialist hose for the oil industry and Formula One racing has been bought by its management…

#commercial finance#management


UK companies amongst the worst late payers in Europe

Intrum Justitia, Europe’s leading credit management company, has provided further evidence of poor payment practices in the UK following the…

#late payment#management#payment practices


New ECGD CEO announced

A City banker with a long track record in export and project finance, was today named as the Export Credits…


Atradius launches guide to help firms save lost profits

A free guide has been published to help firms save up to a third of their annual profits that is…

#Atradius#bank#invoice


GMAC Commercial Finance promotes sales director following significant business...

GMAC Commercial Finance Plc (GMAC CF) has today announced that it has promoted Phil Lammas to UK sales director for…


GE Commercial Finance Ltd appoints new regional director for...

GE Commercial Finance Ltd. (GECF), a leading UK provider of business finance solutions, today announced the appointment of Adam Wardle…

#business finance#commercial finance#corporate finance


New tax breaks for small firms

Small firms could miss out on financial savings because they are unaware of a new government tax incentive introduced this…

Financial Services’ optimism improves at fastest rate for five...

Financial services companies' optimism increased between December and March by more than at any time for five years, as business…

#banks#Boost#cloud

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