UK

The Factors & Discounters Association has announced figures for the half year ended 30 June 2000.

The Department of Trade and Industry has today announced its SME statistics for 1999. Their findings include the following results:

The Department of Trade and Industry have today released the corporate insolvency figures for the second quarter of 2000. The figures show that there were 3,426 company insolvencies in England and Wales in the period.

Clearly Business, a joint e-venture between Freeserve and Barclays Bank has been launched today. The website is planned as an encyclopaedic support service for small businesses.

There were worries that recent strong rates of growth would lead to the Bank of England raising the rate of interest, but following yesterday’s announcement, (which held the rate constant at 6% for the sixth month in a row), there are hopes that t

Euro Sales Finance plc, the pan European factoring and invoice discounting company, has reported record profits for the year ended 30 June 2000, following their expansion into the French and German markets.

The Serious Fraud Office have issued a press release stating that they are to conduct an investigation into the business activities of the trade finance group Versailles.

After last week’s British Virgin Islands hearing, a court ruling has been made that promises to reveal more about the reasons behind the collapse of the trade finance group, Versailles, in January of this year.

Two members of the group of wealthy individuals that helped fund the trade finance group Versailles (which went into receivership in January), have launched a court action in an attempt to recover their money and to discover the reasons for the gr

According to The Guardian, Versailles, the trade finance company which went into receivership in January 2000, owing its banks approximately Ј60m, is known to have made deals totalling Ј495,209 with Carl Cushnie Jr, the son of the company’s founde