News
- Hays Banking Reports Invoice Finance Helps Organisations To Optimise Cashflow
Hays Banking Reports Invoice Finance Helps Organisations To Optimise Cashflow July 2, 2009 Hays Banking reports demand for experienced invoice finance professionals maintained by companies seeking... read more
Friday 03rd of July 2009 15:35:29 - Invoice Finance
Invoice discounting Invoice discounting is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger. It can provide... read more
Thursday 11th of June 2009 10:59:46 - Supplir Finance
Supplier finance Supplier finance is when a business provides low-cost finance to its suppliers, as part of a flexible settlement system. It is particularly used in manufacturing production, and... read more
Thursday 11th of June 2009 10:58:55 - RBS re-grades some business accounts
Robert Lefroy, editor, Business Money commented: "The news that Royal Bank of Scotland is to shift £240bn of assets from across the bank into a 'non-core' division is no surprise and we should welcome... read more
Thursday 11th of June 2009 10:56:19 - Flaming good finance for Tiger Tim
Tiger Tim Products Ltd, Europe's largest manufacturer of domestic firelighter and barbeque ignition products, has received a welcome financial boost during these tough economic times with new banking... read more
Thursday 11th of June 2009 10:55:28 - Credit agreements online in minutes with GE Capital
Technology to enable credit agreements to be signed online securely has been made available by leasing specialist GE Capital to its customer base in what is believed to be a first for the UK leasing... read more
Thursday 11th of June 2009 10:54:35 - How debt factoring works
How debt factoring works Factoring provides a fast prepayment against your sales ledger. It allows you, at a cost, to flexibly increase your working capital and improve cashflow. Factoring is... read more
Thursday 28th of May 2009 13:13:12 - Recourse factoring and non-recourse factoring
Recourse factoring and non-recourse factoring In recourse factoring, the factor does not risk bad debts. Put another way, the factor will be able to reclaim their money from you if the customer does... read more
Thursday 28th of May 2009 13:12:22 - Advantages and disadvantages of factoring
Advantages and disadvantages of factoring There are numerous advantages to debt factoring, but also some potential drawbacks. Advantages Factoring provides a large and quick boost to cashflow.... read more
Thursday 28th of May 2009 13:11:39 - Export factoring
Export factoring Some factoring companies offer a facility for the financing of international sales. They will typically work with a partner abroad who will be responsible for the collection of payment... read more
Thursday 28th of May 2009 13:10:54 - The cost of factoring and invoice discounting
The cost of factoring and invoice discounting The costs of factoring are usually reasonable. It's a competitive business with many suppliers so it pays to shop around. Of course, cost should not... read more
Thursday 28th of May 2009 13:09:59 - Debt factoring and invoice discounting: the basics
Debt factoring and invoice discounting: the basics What makes a business suitable for factoring? Factors' requirements vary, so what follows is an indication and not a rigid list. You may find... read more
Thursday 28th of May 2009 13:09:00 - Invoice Factoring Basics
Introduction Debt factoring involves selling your invoices to a third party. In return they will process the invoices and allow you to draw loans against the money owed to your business. Essentially,... read more
Thursday 28th of May 2009 13:08:11 - Invoice Factoring
Factoring is a financial transaction whereby a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount in exchange for immediate money with which to... read more
Wednesday 27th of May 2009 08:59:53 - Invoice Discounting and Invoice Finance
Invoice discounting is a form of short-term borrowing often used to improve a company's working capital and cash flow position. Invoice discounting allows a business to draw money against its sales... read more
Wednesday 27th of May 2009 08:59:01 - Debtor Finance
Need for debtor finance Most businesses have to offer credit terms, usually of 30 days, in order to secure orders from customers. Current statistics show that these invoices can take up to 60 days... read more
Wednesday 27th of May 2009 08:58:08 - Asset Based Lending
In the simplest meaning, asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-backed... read more
Wednesday 27th of May 2009 08:57:06 - Brazilian bank develops taste for life in London
From The TimesMay 25, 2009 Brazilian bank develops taste for life in LondonMartin Waller One of the world's biggest development banks will begin operations in London, the first such move by a foreign... read more
Wednesday 27th of May 2009 08:55:30 - Gate firm secures funds for expansion
Gate firm secures funds for expansion 10:14am Thursday 24th January 2008 By Business Editor David Thomson » A BURY company has secured a gateway to cash flow. And a significant expansion of... read more
Tuesday 26th of May 2009 19:27:46 - invoice stigma
Invoice stigma By Kiran Stacey Published: January 27 2009 02:00 | Last updated: January 27 2009 02:00 "A receivables funding arrangement" - otherwise known as invoice financing - is hardly the kind... read more
Tuesday 26th of May 2009 19:25:01 - Government in discussions over company invoices
Government in discussions over company invoices By Kiran Stacey Published: January 20 2009 02:00 | Last updated: January 20 2009 02:00 The government is in early stage talks about the possibility... read more
Tuesday 26th of May 2009 19:24:07 - Businesses turn to rich backers
Businesses turn to rich backers By Jonathan Moules Published: May 18 2009 11:12 | Last updated: May 18 2009 11:12 Frustration with the lack of credit being made available by high street banks is... read more
Tuesday 26th of May 2009 19:23:35 - Government looks into buying company invoices
Government looks into buying company invoices By Kiran Stacey Published: January 19 2009 22:25 | Last updated: January 19 2009 22:25 The government is in the early stages of talks about the possibility... read more
Tuesday 26th of May 2009 19:22:56 - Bankers Fight Back
Bankers Fight Back Article Date: Dec 10 2008 Banks are on the defensive There’s been a general rush to pin blame on the banks for the current dearth of business finance. Joe Bedford, a partner... read more
Tuesday 26th of May 2009 19:19:23 - Private Equity Firm To Offer Senior Debt
Private Equity Firm To Offer Senior Debt Article Date: Jan 15 2009 Nick Britton Andrew Cavaghan, Octopus Investments With even profitable businesses struggling to get a bank loan, asset management... read more
Tuesday 26th of May 2009 19:18:52 - Will Government SME Loans Work?
Will Government SME Loans Work? Article Date: Feb 18 2009 Is the government pot big enough? The first small and medium-sized enterprises (SMEs) are starting to reap the benefits of the government’s... read more
Tuesday 26th of May 2009 19:17:55 - Weighing Up Asset-Based Lending
Weighing Up Asset-Based Lending Article Date: Mar 26 2009 Nick Britton Weigh up your asset-based lending options carefully The severe drying up of credit has changed the market for business finance... read more
Tuesday 26th of May 2009 19:17:01 - TD Bank Financial Acquires ABN AMRO ABL Unit
TD Bank Financial Acquires ABN AMRO ABL Unit Tuesday, May 26, 2009 TD Bank Financial Group (TDBFG) has signed an agreement to acquire the asset-based lending business of ABN AMRO Bank NV Canada... read more
Tuesday 26th of May 2009 19:15:19 - BOCM PAULS secures £77m asset-based lending package
BOCM PAULS secures £77m asset-based lending package May 19 2009 by Alun Thorne, Birmingham Post Add a comment Recommend The UK’s leading animal feed manufacturer has secured a £77 million asset-based... read more
Tuesday 26th of May 2009 19:14:07 - Venture Finance wins Best Service from an Asset Based Finance Provider at Business Moneyfacts Awards
Venture Finance wins Best Service from an Asset Based Finance Provider at Business Moneyfacts Awards Venture Finance has been recognised for its high quality of service at the 2009 Business Moneyfacts... read more
Tuesday 26th of May 2009 19:13:02 - Factors Chain International released today the figures for the 2008 world factoring industry
Factors Chain International released today the figures for the 2008 world factoring industry Press Release 11 May 2009 Fresh statistics indicate that the total world volume for factoring... read more
Tuesday 26th of May 2009 16:31:58 - Making Hay While the Sun isn’t Shining?
Making Hay While the Sun isn’t Shining? Posted on 18 February 2009 by admin Factors in the UK and beyond are experiencing a tremendous increase in the level of enquiries from hard-pressed SMEs suffering... read more
Tuesday 26th of May 2009 16:28:59 - Asset Based Lending in the Credit Crunch
Asset Based Lending in the Credit Crunch Posted on 18 February 2009 by admin Contributed by Gary Quaife, Head of the Edward Symmons Collateral Review and Valuation Team. We have certainly seen... read more
Tuesday 26th of May 2009 16:27:59 - ABL Continues to Grow Despite the Downturn
ABL Continues to Grow Despite the Downturn Posted on 18 March 2009 by admin Statistics from the Asset Based Finance Association (ABFA) revealed that the UK’s asset based finance industry continues... read more
Tuesday 26th of May 2009 16:26:18 - Ensuring Cash Flows During Testing Times
Ensuring Cash Flows During Testing Times Posted on 18 March 2009 by admin The old adage of ‘cash is king’ has never been more relevant than in the current downturn where businesses need to redouble... read more
Tuesday 26th of May 2009 16:25:33 - Close Invoice Finance launch a £50m fund for Yorkshire
Close Invoice Finance launch a £50m fund for Yorkshire Posted on 21 April 2009 by admin Independent invoice finance company Close Invoice Finance has launched a £50m ‘fighting’ fund for small and... read more
Tuesday 26th of May 2009 16:24:28 - Growing Start To The New Year For Ultimate
Growing Start To The New Year For Ultimate 05/01/2009 Tunbridge Wells-based Ultimate Finance has begun the New Year by announcing the appointment of a new Director of International Development. David... read more
Tuesday 26th of May 2009 16:21:05 - jargon buster
Jargon Buster Mike Symes - Friday 15.05.09, 07:23am The invoice finance industry is a jargon jungle. But don’t let that put you off. This month, John Wilde, Sales & Marketing Director of SME Invoice... read more
Tuesday 26th of May 2009 16:18:03 - Mark Dixon on cash flow, catalysts and communication
Mark Dixon on cash flow, catalysts and communication Mike Symes - Wednesday 20.05.09, 10:36am Mark Dixon, founder and CEO of office space provider Regus, explains why the downturn has acted like a... read more
Tuesday 26th of May 2009 16:17:21 - Banks must treat customers like kings
Banks must treat customers like kings Mike Symes - Friday 22.05.09, 09:13am Marketing consultancy, Strand Financial, in partnership with business and executive coaching practice, Harvey Coaching,... read more
Tuesday 26th of May 2009 16:16:39 - Put small businesses first in Local Elections
Put small businesses first in Local Elections Mike Symes - Tuesday 26.05.09, 08:51am The Federation of Small Businesses (FSB) is urging prospective councillors to put small businesses at the heart... read more
Tuesday 26th of May 2009 16:15:54 - Mentor IMC Group Secures Funding to Fuel Growth in US
March 16th 2009 – Global Oil and gas professional resource consultancy, Mentor IMC Group (Mentor IMC), has secured a £600,000 funding provision from The Royal Bank of Scotland (RBS) that provides working... read more
Tuesday 26th of May 2009 15:54:29 - Nene Packaging Agree New Working Capital Funding with RBS
Northampton, March 24th 2009 – Northampton based Nene Packaging Limited have agreed a new funding facility with The Royal Bank of Scotland ("RBS") to provide ongoing working capital facilities for the... read more
Tuesday 26th of May 2009 15:53:54 - Troubled Cattles explores the sale of its invoice finance operation
Troubled Cattles explores the sale of its invoice finance operation Published Date: 06 May 2009 By Ros Snowdon City Editor CATTLES, the troubled sub-prime lender, is looking at selling its... read more
Tuesday 26th of May 2009 15:51:46 - Close Invoice Finance survey reveals smaller businesses better at debt management
Close Invoice Finance survey reveals smaller businesses better at debt management May 20 2009 by Sion Barry, Western Mail Add a comment Recommend SMALLER businesses are far more effective at managing... read more
Tuesday 26th of May 2009 15:50:50 - Business confidence is returning, poll suggests
Business confidence is returning, poll suggests By Sean O’Grady Monday, 25 May 2009 Share Close Diggdel.icio.usFacebookRedditGoogleStumble UponFarkNewsvineYahooBuzzBeboMixxIndependent MindsPrintEmail Although... read more
Tuesday 26th of May 2009 10:32:23 - SME Finance trickling through
SME finance "trickling through" despite Bank trends New loan approval rates for businesses are down, according to the Bank of England's latest Trends in Lending report. Overall, net monthly lending... read more
Tuesday 26th of May 2009 10:09:59 - BankUnited sold to private equity
Private equity firms have bought BankUnited, the 34th American bank to fail this year. Private equity firms paid $900m (£568m) to rescue the bank, whose closure will cost the Federal Deposit Insurance... read more
Friday 22nd of May 2009 13:54:13 - Lending to small businesses increases
High street banks' lending to small businesses increased by £211 million in February, according to latest figures published by the British Bankers' Association (BBA). The increase is similar to the... read more
Friday 22nd of May 2009 13:51:44 - Give small businesses a break, Government told
With the unveiling of the 2009 Budget just over a week away, the Government has been told to give small English companies a break from the increasing cost of business rates. Small businesses in Northern... read more
Friday 22nd of May 2009 13:51:05 - Small firms urged to consider invoice finance
Businesses must take action and ensure they have the right financial solutions in place to help manage cash flow over the long-term, it has been claimed. HSBC Commercial Banking is urging firms to... read more
Thursday 21st of May 2009 13:28:21 - Liverpool invoice finance provider Bibby clinches record funding boost
LIVERPOOL-based Bibby Financial Services has managed to secure £340m in bank funding – its highest cash injection so far – to target Merseyside and north west firms. The Duke Street invoice finance... read more
Thursday 21st of May 2009 13:26:45 - Government's trade credit insurance top up scheme goes live
Government's trade credit insurance top up scheme goes live Source: Government News Network - Firms suffering from a reduction in credit insurance will from today be able to purchase up to six months... read more
Wednesday 20th of May 2009 12:07:39 - Factoring for future success: how invoice discounting can protect your financial viability.
Factoring for future success: how invoice discounting can protect your financial viability. (Management Trends). by Bogin, Michael^Borkowski, Mark CMA Management • Oct, 2002 • A familiar but... read more
Wednesday 20th of May 2009 12:01:08 - Asset Based Lending is the way forward
Asset-based lending's way forward Sheryl Moore JANUARY 22, 2008 THE credit crunch has seen the traditional lenders tighten their belts, and their even more prudent approach to risks is putting... read more
Wednesday 20th of May 2009 11:59:53 - Getting Customers to Pay Up
Getting customers to pay up Has chasing your customers become an uphill struggle? One major problem for growing businesses is the frustrating delay while waiting for some debtors to pay their bills. If... read more
Wednesday 20th of May 2009 11:54:22 - Bibby Supports highest number of businesses
While 2008 saw banks tighten their lending criteria and company insolvency numbers rise by 56 per cent[1], Bibby Financial Services, the UK’s leading independent invoice financier, recorded a pre-tax... read more
Wednesday 13th of May 2009 21:54:34 - Invoice Finance Pros and Cons
If you’re doing well enough that your business is growing rapidly – and there are plenty of businesses achieving that no matter what you read in the media right now – then you may find yourself in a... read more
Wednesday 13th of May 2009 21:52:14 - Invoice Finance Company Completes Take Over
Close Invoice Finance has today announced that it has acquired the factoring business of Ireland’s longest running invoice finance company, Ulster Factors, for an undisclosed sum. The leading... read more
Wednesday 13th of May 2009 21:50:40 - Asset based lending flourishes as traditional funding dries up
Asset based lending flourishes as traditional funding dries up As traditional sources of business funding have become harder to get hold of over the last year, more and more businesses are turning... read more
Wednesday 13th of May 2009 15:29:51 - ABL - Lending for difficult times
Invoice and Asset Based Lending: an assured finance option for 2009 Peter Ewen, Managing Director of Venture Finance, outlines how, in these recessive economic conditions, Invoice and Asset Based... read more
Wednesday 13th of May 2009 15:27:27 - Asset Based Lending in 2009: getting finance in difficult times
Steve Websdale, Managing Director of Venture Structured Finance, outlines how, in these turbulent times, Receivables Finance and Asset Based Lending (ABL) will take on a more responsive and robust role... read more
Wednesday 13th of May 2009 15:26:29 - Asset Based Lending as an alternative funding option
Asset Based Lending as an alternative funding option The well publicised ‘credit crunch’ has been grabbing headline after headline for some time now. Traditional lenders such as high street banks... read more
Wednesday 13th of May 2009 15:25:20 - Asset Based Lending - Explained
In the simplest meaning, asset-based lending is any kind of lending secured by an asset. This means, if the loan is not repaid, the asset is taken. In this sense, a mortgage is an example of an asset-backed... read more
Wednesday 13th of May 2009 15:20:04 - Asset Based Lending - The Benifits
In addition to your sales ledger, does your business have capital tied up in inventory, plant & machinery, or property? We could help turn these assets into cash, alongside your invoice discounting... read more
Wednesday 13th of May 2009 15:19:14 - Qunatative Easing
UK interest rates are currently at 0.5% - the lowest level in the Bank of England's 315-year history. The dramatic series of cuts in the Bank rate over the past few months has been aimed at easing... read more
Wednesday 13th of May 2009 15:18:07 - asset based lending gains ground as "traditional" credit refusals soar to 58%
The number of companies refused credit by banks and other traditional lenders almost tripled over the last 12 months as the effects of the recession were felt. This is the finding of the recent survey... read more
Wednesday 13th of May 2009 11:45:33 - Cattles May Sell Invoice Discounting and Factoring Arm
Cattles PLC (CTT.LN) said Tuesday it may sell its invoice finance business, a move likely to be seen as part of its effort to save on cash and boost liquidity. In a statement, Cattles, which is in... read more
Monday 11th of May 2009 13:10:20 - Banks unveil cash-raising plans
US bank Wells Fargo has said it plans to raise $7.5bn (£4.9bn) from selling new shares, a day after the US Treasury said 10 banks needed to boost reserves. Morgan Stanley is also hoping to raise... read more
Monday 11th of May 2009 10:53:27 - HSBC says results 'encouraging'
HSBC has described its three-month results as "encouraging", although its bad debt provisions have risen. The amount it set aside to cover bad debts in the first three months of 2009 was above the... read more
Monday 11th of May 2009 10:51:57 - Struggling bank Royal Bank of Scotland wrote off £4.9bn in the first quarter as it slumped to a loss of £857m.
The shortfall, triggered by huge impairments and credit market writedowns, comes on the heels of a record loss for 2008. But the firm said it had seen improvement in some of its divisions, with a... read more
Friday 08th of May 2009 12:54:44 - Economy to get extra £50bn boost
The Bank of England has kept interest rates on hold at 0.5% and announced that it will inject an extra £50bn into the UK economy. With little room for rate cuts to stimulate the economy the Bank... read more
Thursday 07th of May 2009 21:24:56 - Eurozone interest rates cut to 1%
The European Central Bank (ECB) has cut interest rates in the eurozone to a record low of 1%, down from 1.25%. The central bank also agreed a plan to pump about 60bn euros (£53.5bn; $80.6bn) into... read more
Thursday 07th of May 2009 21:22:29 - Darling defends 50% top tax rate
The chancellor has defended raising the top rate of income tax to 50%, saying it was only fair that those with the "broadest shoulders" paid more. Speaking to the annual convention of the Institute... read more
Thursday 30th of April 2009 12:44:43 - Small Businesses Show Resilience
British small businesses have dug in their heels against a tide of market pessimism. Far from being defeatist, the industry remains confident about sales and profit growth for the year ahead, according... read more
Thursday 30th of April 2009 12:41:35 - Lending to small businesses increases
High street banks' lending to small businesses increased by £211 million in February, according to latest figures published by the British Bankers' Association (BBA). The increase is similar to the... read more
Thursday 30th of April 2009 12:39:54 - Give Small Businesses a Break
With the unveiling of the 2009 Budget just over a week away, the Government has been told to give small English companies a break from the increasing cost of business rates. Small businesses in Northern... read more
Thursday 30th of April 2009 12:38:48 - Asset Based Lending in 2009: getting finance in difficult times
Steve Websdale, Managing Director of Venture Structured Finance, outlines how, in these turbulent times, Receivables Finance and Asset Based Lending (ABL) will take on a more responsive and robust... read more
Thursday 23rd of April 2009 15:56:52 - Firms get help with credit risk
A scheme to help firms cope with credit risk has been unveiled in the Budget, along with other steps aimed at helping the UK's struggling businesses. Companies would also benefit from an increase... read more
Thursday 23rd of April 2009 08:27:13 - Asset Based Finance Growing
The latest figures from the Asset Based Finance Association (ABFA) show that this form of corporate funding continues to grow and dominate the funding market with advances totalling over £17.6 billion... read more
Thursday 16th of April 2009 15:52:56 - Asset Based Advances hit £17Billion in 2008
The asset based finance industry continues to grow despite the severe downturn in the economy. During 2008, the sector far exceeded expectation and at the end of the year was advancing in excess of... read more
Thursday 16th of April 2009 15:50:52 - New Bank member says 'worst may have passed'
David Miles, the Morgan Stanley economist who will join the Bank of England’s Monetary Policy Committee (MPC) in the summer, said today that the worst of the British recession could be over. In... read more
Thursday 16th of April 2009 14:22:51 - Firms to get Credit Risk Help
A scheme to help smaller firms cope with credit risk will be announced by the government in next week's Budget, the Financial Times has reported. Companies have been hurt by a reduction in the availability... read more
Thursday 16th of April 2009 11:35:42 - Bank Holds Base Rate - 9th April 2009
The Bank of England has kept interest rates on hold at 0.5%, in a widely expected move following a number of rate cuts in recent months. Rates remain at an all-time low after six cuts since October... read more
Thursday 16th of April 2009 09:34:57
