Experian reports dramatic fall in insolvencies in January 2003

The UK recorded a dramatic fall in business failures in January following the introduction of the new Voluntary Arrangement moratorium procedures which came into force on 1 January 2003, according to the latest insolvency figures released by Exper

RBS' invoice discounter poaches GE Capital man

Euro Sales Finance, the invoice discounting and factoring services arm of RBS, has appointed Steve Merchant, ex-regional director of GE Capital Commercial Finance, as director for the Midlands, South West and Wales.

North West is the company collapse capital of the UK

Bolton and Manchester are the UK's biggest business graveyards with more than twice the national average of companies going bust, new figures from the Association of Business Recovery Professionals (R3) show.

New head of Abbey National Cash Flow Finance

Adrian Taylor joins Abbey National Business to head its Cash Flow Finance at a time when the bank is attempting to boost its position in the factoring and invoice discounting market and targeting small businesses.

No improvement in payment times of PLCs

The findings also raise questions about economic prospects for The Federation of Small Businesses (FSB) published payment-performance tables for over 3,000 PLCs, including some of the UK’s largest household names.

Scottish business failures rise 6.4%

The number of business failures in Scotland increased by 6.4% last year to the highest level for nine years, according to Dun & Bradstreet, the business information firm.

New Director of Finance for UK’s leading credit insurer

Euler Trade Indemnity, the UK’s leading credit insurer, today announced the appointment of Fabrice Desnos as its Director of Finance. Appointed on 6th January 2003, he will take up full time duties in the UK at the beginning of February 2003.