Euro Sales Finance For Sale

Subsequent to the issuing of a profit warning last month and warnings of exceptional changes in its final quarter, the factoring and invoice discounting group, Euro Sales Finance, has put itself up for sale, saying that it would be better with a c

Steve Websdale Appointed Chief Executive at FDA

Steve Websdale has been appointed to the position of Chief Executive of the Factors and Discounters Association, the industry association for factors and discounters operating within the UK.

Capital Bank Cashflow Finance Limited Record Pre-Tax Loss

Capital Bank Cashflow Finance Limited have released their annual accounts for the year ended 28 February 2001. Turnover has fallen by 9.66% to Ј15.926million from the 2000 figure of Ј17.628million. A pre-taxation loss of Ј473,000 was recorded.

Independent Growth pulls IPO

Factoring group Independent Growth Finance Plc, the holding company for GLE Invoice Finance, said on Monday it was scrapping its planned initial public offering because of poor stock market conditions.