Bibby Factors to Set Up Leeds Office

The Bibby Group of Factors, the largest independent factoring organisation in the UK, is to open Bibby Factors in Leeds. The company will be headed by Jocelyn Spratt, who has 15 years’ experience in the financial services industry.

CMRC Research Identifies Worst Hit Industry Sectors

A survey of over 1,000 firms by the credit management research centre (CMRC) reveals that businesses within the business and financial services, manufacturing and wholesale sectors are being paid up to 26 days overdue, leaving them with cash flow

Merchant Commercial Finance Records 40% Turnover Increase

The London-based trade finance company, Merchant Commercial Finance, has recorded a 39.7% increase in turnover in the year ended 28 February 2001 compared to the previous accounts, which covered the fifteen month period ended 28 February 2000.

Fraud Causes Fall in Profits at Five Arrows

Five Arrows Commercial Finance, which in the year ended 31 December 1999, recorded profits before tax of Ј890,000, has seen that figure reduced to Ј128,000 for the following year.