GMAC Commercial Credit, the UK's largest independent invoice finance and asset-based lending specialist, is to re-brand after the merging in the US of its parent company with GMAC Business Credit.
Close Invoice Finance reported, in its annual report and financial statement, a successful year ended 31 July 2002, with a steady growth in profit.
John Verrill, the Vice President of R3, the body representing insolvency practitioners and company doctors, slammed the banks for delaying payments of up to Ј200m to creditors of insolvent companies at the “Future of Corporate Rescue Culture in th
This item has been written by Robert Hannah a corporate finance partner with Grant Thornton
Ultimate Finance Group, the Bristol-based factoring and invoice discounting group which raised Ј1.8m on AIM last year, has reported maiden interim results which it claims are in line with expectations.
Venture Finance plc’s financial statement showed that turnover fell by 5.1% to Ј21.9 million compared with Ј23.09million for the year ended 31 December 2001.
An 11% increase in income, from the restated amount of Ј5,457 million for 2001 to Ј6,052 million for the year 2002, was reported for the Royal Bank of Scotland Group’s Corporate Banking and Financial Markets (CBFM) division.
Laurence Rutter, chief executive at Potential Finance Ltd, today talked to BCR about the plans for Potential in 2003 – he told BCR that he expects a year of growth.
The latest analysis from the DTI's Small Business Service shows that 91.4 per cent of VAT-registered businesses are still trading after a year in 2000 - up from 85.5% in 1993.
The Association of Business Recovery Specialists, R3, the body representing business rescue professionals, today contradicted the government’s latest figures for failure of start-up businesses and called for a massively increased education program
