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Euro Sales Finance Announces Record Profits

Euro Sales Finance plc, the pan European factoring and invoice discounting company, has reported record profits for the year ended 30 June 2000, following their expansion into the French and German markets. The following table illustrates this impressive growth:  Year...

Serious Fraud Office Launch Investigation into Versailles Collapse

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business…


Liquidator Appointed Following Versailles Hearing

After last week’s British Virgin Islands hearing, a court ruling has been made that promises to reveal more about the…


Versailles Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…


Versailles Keeps it in the Family

According to The Guardian, Versailles, the trade finance company which went into receivership in January 2000, owing its banks approximately…

#banks#trade#WHO


Versailles to Face Investors in Court

Two members of the group of wealthy individuals that helped fund Versailles, the trade finance group which collapsed in January,…


Versailles’ Investors Launch Court Action in British Virgin Islands

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership…

#channel#interest#trade


Alliance & Leicester Hope To Offer One Stop SME...

Alliance & Leicester is trying to put together a joint venture with an invoice discounting and factoring supplier to offer…


New Factor to Float on AIM

Potential Finance Group plc, which was recently established to provide factoring & invoice discounting services to small and medium sized…

#investment#invoice#management


Venture Finance expand their Product Range

Equity Participation and Trade Finance Services now available. Venture Finance plc has diversified its product range by introducing the above…

#invoice#trade


Management Buy-Out of Davenham Group for Ј60 million

The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based…

#bank#Bank Leumi#Leumi


Insolvency Service Crack Down on Crooked Directors.

The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors…

Hewitt Launches Business Debtline

Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping…

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