The Better Payment Practice Group (BPPG) welcomes any new research into credit management issues. We would however like to comment on the Experian press release (4 August) and associated comments concerning the late payment legislation.
Manchester-based Five Arrows Commercial Finance Limited have recorded a 17.5% increase in pre-tax profits for the 12 months to 31 March 2003. Profits totalled Ј1.22 million compared to Ј1.04 million in the year ended 31 March 2002.
July’s CIPS/Reuters survey of the UK private sector services economy signalled expansion of activity in the sector for a fourth successive month.
Business confidence has fallen in nine of the UK's 11 regions, with the two exceptions only narrowly escaping a fall themselves, according to the latest Regional Trends Survey, published 4 August by the CBI and Experian Business Strategies.
When it comes to funding the growth of their business, nearly three quarters (72 per cent) of British businesses turn to their overdraft, according to a survey conducted by business and financial advisers, Grant Thornton.
An article by Graeme Forbes, head of corporate finance at Grant Thornton
Statistics showing insolvencies in the second quarter 2003 are published today (1 August) by the Department of Trade and Industry.
Lloyds TSB Group’s Wholesale Markets sector, which includes Lloyds TSB Commercial Finance and Alex Lawrie Factors, has reported a pre-tax profit of Ј368m for the six months to 30 June 2003,an increase of 3.95% from Ј357m for the same period 2002.
Twice-yearly research by the Small Business Research Trust and Natwest bank shows that red tape is no longer small firms' top gripe, although few firms said that the problem had eased.
Independent Growth Finance (IGF) continues to grow its team in the Midlands with the appointment of Mike Bailey as regional sales manager.
