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
Two members of the group of wealthy individuals that helped fund Versailles, the trade finance group which collapsed in January, will go to court in the British Virgin Islands on Thursday 27th July.
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
Alliance & Leicester is trying to put together a joint venture with an invoice discounting and factoring supplier to offer a full range of business banking services, although further details on who is round the discussion table are currently not a
Potential Finance Group plc, which was recently established to provide factoring & invoice discounting services to small and medium sized businesses, based in the United Kingdom, is to be floated on AIM (Alternative Investment Market) on 4 August
The Bermuda based Bank of NT Butterfield & Son have made Ј60 million from an MBO of the Manchester based Davenport Group. The successful management team of four is headed by Colin Davenport.
The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors to be disqualified. The figure has risen from 1,284 in 1998-99 to 1,540.
Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping small businesses facing debt problems.
