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News and Information

A collection of our thoughts, opinions, (and sometimes general musings) on everything to do with all aspects of business finance, commercial finance, small businesses, and general news about ASC Finance for Business.

  • In The Press

    Committee urges government action on bank lending

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  • Uncategorised

    Message to our Banks - Businesses want to grow (and need to borrow)

    We’ve undertaken a comparative analysis of the reasons why businesses seek finance. To simplify the results we have grouped them into 3 categories and compared 2010 with 2011: Entrepreneurs wishing to acquire a business                             Dropped by 6.6% Businesses wishing to re-finance existing loans                         Increased by 43% Existing business with existing loans wishing to expand             Increase by 167%...

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  • Uncategorised

    Corporate Cash at Record £731 billion

    Apparently British companies’ cash holding stood at a record of £731 billion at the end of 2011. Put it in another way, the UK corporate sector has more than enough liquidity or cash to service the entire financing needs of all British small companies. There is now a new initiative with another government commissioned report...

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  • Uncategorised

    You don't need a dentist to pull out your tooth

    Despite what many press articles and other interested groups suggest, business finance is available. The banks are lending. They are not lending as they did in 2007. But then again does anybody really want them to lend like they did in 2007 – let me remind you of a few examples: 100% mortgages, self-certificate mortgages,...

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  • Uncategorised

    Sale of Lloyds and RBS branches - has anyone asked the clients?

    You may know that both Lloyds Bank and RBS have been forced to sell several hundred branches. That was decided by the Government and the European Commission. I am not getting involved in the political discussion but I have a question. Has anybody asked the clients whether they want to be transferred? The reason why...

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  • In The Press

    Too few women' at business gathering

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  • Uncategorised

    AAA or Double Dutch - Take 2

    I am sure all of you read in the press about the “downgrading of the Credit Rating from AAA” for the UK by some of the rating agencies. I still haven’t figured out what this really means because the last time I investigated I found out that when the United States was downgraded their interest...

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  • Uncategorised

    Good News or Bad News - High Street Closure Rates

    Another set of “de-motivating” statistics have been released. Apparently Britain’s high streets are losing 14 stores a day as retailers struggle. Of course this is bad news but like everything in business there is positive news on the other side of the coin. Now is a brilliant time to start a retail business because landlords...

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  • Uncategorised

    £1 Trillion Debt - Where has the money gone?

    So we all know now that the United Kingdom has a national debt of ?1 trillion – whatever that means because I am sure you will agree with me that this really is “talking telephone numbers”. OK. I can live with the debt and I can try to understand the figure. What I cannot figure...

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  • Uncategorised

    George Osborne's Advice: Hamster food for China!

    The other day I spent an evening with about 250 business people, real business people – a pet shop owner, an insurance broker, a telecoms broker, a property developer and so on. During the evening we listened to a speech by the Chancellor. After the obligatory talk about the various tax changes, budget constraints and...

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