International Trade Minister Baroness Symons has announced the further steps she is taking to modernise the Export Credits Guarantee Department (ECGD) in readiness for its proposed transformation into a Government Trading Fund.
Tenon Group, the UK accountancy and corporate recovery specialists, published their preliminary results statement declaring a pre-tax profit of Ј4.3m.
Small firms are still being caught out because they offer longer credit periods to customers than they receive from their suppliers, said a new report by the Credit Management Research Centre (CMRC).
EULER Trade Indemnity, the UK’s leading credit insurer, has restructured senior management team responsibilities.
Dynamic Commercial Finance plc, specialising in invoice factoring and invoice discounting, produced a profit before tax for the second half of 2002 of Ј52,000, which resulted in a loss before tax for the full year of Ј96,000 compared to 2001 Ј663,
Spicer Hallfield, the Bucks-based manufacturer of photographic albums and frames, has been acquired through a management buy-in/buy-out.
SMEs have come through the recent slowdown relatively unscathed.
Small and Medium-sized Enterprises (SMEs) are increasingly overlooking business loans in favour of costly credit facilities to solve short-term cash flow problems, claims the Association of Chartered Certified Accountants (ACCA).
Capital Bank Cashflow Finance Limited has released its annual accounts for the year ended 2002. The company recorded a profit before tax of Ј4m for the year ended 31 December 2002. See below for the company’s profit and loss account.
