UK

Mayflower Corporation failed for four years to make full payments to HSBC, which was operating an invoice-discounting scheme on its behalf.

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

The Bank of England has held interest rates steady at 4.0 per cent for the second month running, after a two-day meeting which had put markets on a knife-edge over whether rates would go up or not.

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

The number of limited businesses failing in the first quarter of 2004 fell by eight per cent compared with the first quarter of 2003, according to the latest figures released by Experian®, the global information solutions company.

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

Intrum Justitia, Europe’s leading credit management company, has provided further evidence of poor payment practices in the UK following the publication of their latest quarterly European Payment Survey.

A City banker with a long track record in export and project finance, was today named as the Export Credits Guarantee Department’s (ECGD) new Chief Executive.

A free guide has been published to help firms save up to a third of their annual profits that is potentially being lost because of slow paying customers.

GMAC Commercial Finance Plc (GMAC CF) has today announced that it has promoted Phil Lammas to UK sales director for asset-based lending, following a period of unprecedented growth that has seen it capture around 50% of the UK's asset-based lending