Lloyds TSB Commercial Finance Limited, the receivables finance division of Lloyds TSB Group plc., has released its Directors’ report and financial statement for the year ended 31 December 2001.
Skipton Business Finance Limited, the factoring and invoice discounting subsidiary of Skipton Building society, has released its figures for the period 11 July 2000 to 31 December 2001.
The number of small businesses set up in the second quarter fell by 11 per cent against last year as entrepreneurs felt the effects of economic uncertainty and the stock market decline, according to research from Barclays bank.
The FDA has released its Second Quarter 2002 figures. They show over Ј7.2billion of funding is being provided to UK businesses and substantial growth in invoice discounting - up 19 per cent since June 2001.
A survey of more than 1200 UK SMEs has revealed a 60% awareness of the UK Late Payment Legislation. Furthermore, the possibility of incurring statutory interest charges on unpaid invoices would prompt the majority to pay their suppliers on time.
Edward Rimmer has been appointed Managing Director of the new company Bibby Factors Manchester, based in the recently regenerated Salford Quays.
Alex Lawrie Factors, the UK's largest factoring provider, celebrates 40 years of business this week. The company started trading 21 August 1962 in London, moving shortly afterwards to Banbury where its head office is still located.
Fewer businesses are blaming their own systems or disputes and queries as reasons for late payment, according to the latest research from the Credit Management Research Centre (CMRC), a member of the Better Payment Practice Group.
