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Invoice and Asset Based Lending now funding options of choice
 As
the UK officially moves out of recession, Invoice and Asset Based Lender Venture
Finance PLC has announced positive growth in its client numbers for the last
quarter of 2009.
Retail administrations down
Retail
administrations have dropped to their lowest level since 2007.
UK businesses improve their late payment performance in 2009
At the end of 2009
UK businesses had significantly improved the time it takes them to settle their
bills,
Government departments fail to deliver on payment pledge
Government departments are continuing to fail to deliver on the pledge
to ease the cashflow problems faced by SMEs.
Marginal drop in Administrations during 2009
The total number of companies falling into administration in 2009 saw a
marginal drop.
Incorrect credit files
restricting access to consumer credit
The Information
Commissioner’s Office (ICO) has warned consumers that inaccurate credit
reference files may restrict their access to credit.
SMEs chase late payers amid
cashflow pain
Most SMEs the UK
are managing cashflow by chasing late payers, tightening expenses and paying
suppliers later, a survey shows.
Loan sharks targeting poorest
households
Thousands of
households have taken out loans with interest rates averaging 825% during "the
worst Christmas in a generation" for illegal doorstep lending, according to a
new report.
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