Deal flow continues to delight
Article Abstract:
Banks operating in corporate finance in Manchester, England, benefit from a strong deal flow. Banks expanding in the region include Barclays, while Davenham Group is seen as an innovative finance provider dealing with small firms. Rothschilds has acquired Causeway Invoice Discounting and this acquisition helps Rothschilds reach growing companies. Rothchilds has seen the size of its deals increase in 1996 and is attracting business from London, England.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Factoring and invoice discounting: respectable image leads to growth
Article Abstract:
Invoice discounting and factoring are increasing in popularity in the UK as a service for small and medium firms. They involve credit insurance, credit control and collection, and clients benefit from increased flexibility. Subsidiaries of UK clearing banks dominate the factoring market, and Lloyds Bank has a stronger position following its acquisition of TSB factoring and TSB Commercial Finance, giving Lloyds a total stake of 36% in this market.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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A user's guide
Article Abstract:
Companies should take a number of issues into account when assessing whether they would benefit from factoring and invoice discounting. Considerations include how well a company would weather a drop in turnover in terms of paying creditors. They should make comparisons between factors and banks' offers. Financial advisers should also be able to assess small firms' needs, and many factoring proposals are drawn up by financial advisers.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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