Shake-up at Euro Sales Finance
On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which its funding position could be improved.
On 9 April 2001, Euro Sales Finance (ESF) announced that it was examining with its lead banks ways in which its funding position could be improved.
The Better Payment Practice Group is urging UK businesses to take part in the consultation process on implementing a European Commission directive on combating late payment.
The Kent-based factoring company, GLE Invoice Finance, have announced the expansion of their product range to include invoice discounting.
The Purchasing Managers’ Index (PMI) survey in March indicated marginal falls in both output and order books.
GE Capital Commercial Finance Ltd has been voted European Asset Based Lender of the year for 2001 by the European Venture Capital Journal.
HSBC Invoice Finance (UK) Ltd have released their annual accounts for the year ended 31 December 2000. Turnover has risen by 13.96% to Ј118.037million from the 1999 figure of Ј103.579million.
Venture Finance PLC today released their annual accounts for the year ended 31 December 2000. Turnover has risen by 26.16% to Ј22,142,000 from the 1999 figure of Ј17,551,000.
Business failures in London rose by more than 50% in the first quarter of the year compared to the previous year. This is to be taken in the context of the most favourable business figures for Britain as a whole since 1998.
Lloyds TSB Commercial Finance is building on its record growth in transactions business by launching a national team of regionally based dedicated transaction specialists.
According to Lloyds TSB Commercial Finance Ltd, the company’s already dominant market share has increased to over 20% of the factoring and invoice discounting market, following the amalgamation of Alex Lawrie’s company results with those of Lloyds