November 13, 2008
- Corporate Insolvency figures point to collapse
R3, representing the Insolvency Profession, is concerned by figures released on Friday by the Insolvency Service on corporate insolvencies which show a 53% increase in Receiverships. (…)
November 6, 2008
- UK Slashes Interest Rates to 3%
The Bank of England has cut interest rates in the UK by one-and-a-half percentage points to 3%, its lowest since 1955, in a shock move to ease leading as the country heads into recession.Following today's decision, the BoE said there had been a very marked deterioration in the outlook for economic activity at home and abroad in the last two months so the cut was warranted. (…)
November 4, 2008
- Venture Finance the Factoring Company confirms its status
Peter Ewen the Managing Director Venture Finance PLC has today confirmed the Companies status. (…)
October 28, 2008
- Cash Flow Finance Solutions by Enable Finance Ltd.
Over the past few months, small to medium sized businesses have been at the sharp end of the credit crunch with loans and overdrafts being pulled or restricted by their banks. (…)
October 16, 2008
- Business Finance squeezed and Cash Flow threatened as FTSE plunges
Despite the huge Financial Bail Out the global banks have received the FTSE 100 has continued to plunge in opening trading, falling 5.3% to 3,862. (…)
October 15, 2008
- Calls for Sale & Leaseback or Rent Backs to be regulated by the FSA
The Council of Mortgage Lenders and Citizens Advice support the Office of Fair Trading's new recommendation today that sale and rent back transactions should be regulated by the Financial Services Authority. (…)
October 9, 2008
- Making Sence of this Economic Uncertainty with BBC's Robert Peston
I'm sure you will all agree this lat year has been the most traumatic for our global money markets, culminating in the last month with all major developed governments bailing out the financial markets in the hope of averting a global depression; not just a recession a deep depression. (…)
October 8, 2008
- Eudeus The Mortgage Lender Goes into Administration
The Specialist Mortgage lender Edeus has today gone into administration.
KPMG has been appointed to supervise the administration of edeus mortgage creators and edeus creators. (…) - Bank Interest Rates drop to 4.5%
The Bank of England has cut interest Rates by 0.50% to 4.50%. The decision has been made a day before the BoE's Monetary Policy Committee normally makes its decision over the interest rate. (…)
- Business Insolvency: Can the Bank Bail out reduce the risk
The UK government has announced details of a rescue package for the banking system worth up to £50bn ($88bn) can this rescue package avert deeper recession and the prospect of rising business insolvecy & Liquidation. (…)
October 7, 2008
- Is the UK in Recession? Businesses struggle with cash flow and confidence
The UK is already in a worsening recession, and the Government and Treasury must act to prevent further deterioration, according to the British Chamber of Commerce. (…)
October 3, 2008
- Business Debt Consolidation Service Announced
As the credit crunch begins to spread wider and bite into the wider business economy Enable Finance is proud to announce a new Business Debt Consolidation service for small to medium sized businesses concerned about their business debts. (…)
September 22, 2008
- Credit Crunch & Corporate Finance the alternatives
It is normally difficult for a business to admit financial difficulties, but in the midst of the global credit crunch even healthy firms are finding the economic problems passing on to them. (…)
September 20, 2008
- Sale and Leaseback or Asset Refinance Can offer Cash Flow Life Line
As Banks carry on to tighten their lending criteria business overdrafts often the first in the firing line; gone have the days of readily available overdrafts or the flexibility to extend your facility easily. (…)
September 16, 2008
- Bibby Leasing & Asset Finance Withdraws From the Market
It has been confirmed that Bibby Leasing Ltd has withdrawn from the commercial asset finance sector deciding to concentrate solely on its small ticket sales aid division. (…)
September 15, 2008
- Lehman Brothers Declares Bankruptcy
In a move that has already sent shock waves around the world US investment giant Lehman Brothers has today filed for bankruptcy. (…)
September 10, 2008
- Commercial Mortgage Lender 5D takes over InterBay
InterBay Commercial has been bought by the 5D Group. It will be merged with commercial mortgage lender 5D and re-launched under the InterBay Commercial name. (…)
September 3, 2008
- Increased Cash Flow Problems for Business Reported
One in five UK accountants claim that their clients have been refused credit or had funding restrictions imposed in the light of the credit crunch. (…)
August 29, 2008
- Remortgages Return as Fixed Rate Deals Get Better
Mortgage borrowers coming to the end of two and three year fixed rate mortgage deals have been increasingly staying on their lender's standard variable rate because the new fixed and tracker rate options were proving too expensive. (…)
August 28, 2008
- Consumer Credit Licensing Changes Come into Force
The Office of Fair Trading has reminded businesses about changes to the consumer credit licensing regime that come into force in the autumn. (…)