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Versailles never generated a profit in nine years, court...

Versailles, the trade finance company which collapsed in 2000 owing Ј70m to its banks, made no money whatsoever from the time it was founded nine years earlier, a court heard yesterday. Despite being a very popular stock after floating in...

Growth of output and new orders remains significant in...

January’s seasonally-adjusted CIPS/Reuters Purchasing Managers' Index (PMI) – a composite indicator designed to provide an overall view of conditions in…

#DEC#economy


Cushnie firm 'received Versailles cash'

Carl Cushnie, founder of the collapsed FTSE 250 company Versailles, channelled more than Ј610,000 in payments from within the group…

#banks#crisis#i


EUROFACTOR gets Sony approval to fund MBO

EUROFACTOR, the Reading-based business finance experts, have announced their most recent high profile deal by helping to fund the management…

#business finance#funding#invoice


Think tank report asks why Revenue targets small firms

The latest quarterly report from the Tenon Forum, an independent think tank made up of leading entrepreneurs from the UK's…

#economic recovery#forum#smes


Metro Cash – The cash flow stress buster

For the 4 million people running their own small business in Britain, one of the biggest causes of stress is…


Versailles witness admits lying to firm's banks

Fred Clough arrived at Southwark crown court yesterday to give evidence against his former Versailles boss, Carl Cushnie Fred Clough,…


New appointments at Bibby Factors Northeast and Yorkshire

Bibby Factors Northeast is pleased to announce today the appointment of Terry Brown as head of sales. In his new…

#cash-flow#financial services#i


New sales and marketing director for Bibby Factors Slough

Bibby Factors based in Slough and Bristol, a specialist provider of business cashflow solutions, has today appointed Julie Ashmore as…


Cattles IF backs Hull security start up

Hull entrepreneur Garry Ireland has set up a specialist security services firm, Humber Security Services, with funding from Cattles Invoice…

#funding#invoice#Jobs


Upturn in UK economy reopens North-South divide

The steady acceleration in the UK economy, which began in the spring of last year, is beginning to have an…


Number of big fraud cases almost doubles

Britain's fraud boom accelerated last year as the number of big cases almost doubled, according to a report published yesterday.…

#frauds#i#international

I was deceived, says Cushnie

Lawyers for Carl Cushnie, the founder of collapsed FTSE 250 company Versailles, said the executive chairman had himself been deceived…

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