UK

Lloyds TSB Commercial Finance today unveils its plans to unite its asset-based lending (ABL) brands together under the Commercial Finance name.

Tamworth-based Plastic Pallets has secured a Ј1.8 million contract with the Grampian Country Food Group following a funding partnership with Cattles Invoice Finance, which will create a number of new jobs in the business.

Big firms that persistently make late payments to suppliers should be named and shamed on a register, according to a major political party.

Receivers appointed to trace an estimated Ј11m allegedly stolen by the former finance director of collapsed lender Versailles have recovered a 'paltry' Ј550,000.

More than five years after the government brought in legislation to curb late payment, the average payment period of companies in the UK is still longer than when the legislation was introduced – 58 days, up 0.5 days on 1998.

EUROFACTOR, the business finance experts, have launched a new initiative aimed at encouraging small and young businesses to 'take control of their own destiny'.

Coface UK, a branch of one of the world's leading credit solutions companies, is providing an online company rating system to offer credit opinions on both domestic and overseas customers.

Fred Clough, former finance director of Versailles, has admitted siphoning money out of the trade finance group and channelling it to foreign bank accounts.

The Confederation of British Industry (CBI) survey shows that orders are rising for the first time in three years, while export orders are positive for the first time in seven.

Fortis Commercial Finance has announced the arrival of Evette Martirossian into its Client Relationship Team.