UK

With the launch of Internet Ledgerline, HSBC Invoice Finance is now offering its range of invoice finance services via the Internet using its Invoice Finance web site, www.invoicefinance.hsbc.co.uk

Via its Export Credits Guarantee Department (ECGD) the UK government has launched a new scheme for encouraging small and medium-sized companies to develop a presence in the international market place.

UPS Capital Europe are set to grow and have announced the appointment of a new Sales & Marketing Manager, Guy Stead, who has been coaxed away from the Bibby Group to spearhead their business development.

Lloyds TSB Commercial Finance Limited (LTSBCF), the largest provider of factoring services by volume in the UK, has teamed up with the international finance software provider, HPD Software Limited, to develop a new software system for the secured

GMAC Commercial Credit today released their annual accounts for the year ended 31 December 1999. Turnover has fallen by 21.62% to Ј73,892,000 from the 1998 figure of Ј94,274,000.

City Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999, which was their first year of trading. Turnover for 1999 stood at Ј790,523. Pre taxation losses were recorded at Ј802.

First National Invoice Finance Limited today released their annual accounts for the year ended 31 December 1999. Turnover has risen by 13.1% to Ј5,793,231 from the 1998 figure of Ј5,122,328.

Capital Bank Cashflow Finance Limited today released their annual accounts for the year ended 29 February 2000. Turnover has fallen by 27.7% to Ј17,628,000 from the 1999 figure of Ј24,394.

The Commercial Finance Show opened at the Barbican in London yesterday with a report by Mr David Marsden chairman of the Factors and Discounters Association showing that factoring has never been in healthier state.

The FDA has today published its review of the first half of 2000. The results published in the review are as follows:

Results for the half-year ended 30 June 2000