|Welcome to Anglian Commercial Finance website - one stop shop for the financial activity of your business.|
|Anglian Commercial Finance is a one stop shop for the financial activity of your business.
We specialise in responding to the needs of small to medium sized businesses.
We can help you protect and grow your business using our individually tailored financial services to suit your particular needs, cost effectively and efficiently.
ACF works with you to understand your business and your customer expectations.
Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
Created and Maintained by Aztech Business Systems Ltd.
|MANUFACTURING CONFIDENCE Britains confidence at the factory gate is ending the year on an up but manufacturers are still less happy than they were a year ago. Industrial trends figures from CBI show bosses appearing to recover from the autumn wobble when orders fell into negative teritory with export prospects cratering. The CBI data reports a balance of +5% of manufacturers reporting orders to be higher than normal. That is better than the +3% reported for November and represents a turnround of the -6% and -4% reported in October and September. This time last year the figure was +12.
BRITAIN Fears that recovery is stalling receded with the news that the dominan services sector bounced back last month, suggesting that GDP is on track to grow at trhge fastest pace since before the financial crisis. The Markit/CIPS purchasing managers index signalled trhat the economy would expand by 3% this year, the fastest pace sice 2006.
COST OF LIVING Life is getting better for the average Briton the Office for Budget Responsibility said. While wages are expexcted to start rising, unemplyment to fall and GDP to canter forward a little faster than predicted in March - at 3% this year instead of 2.7% - the outlook for the poublic finances will falter.
UK ECONOMY The countrys economy is becoming ever more unbalanced as consumer spending props up growth in the face of a slowdown in manufacturing. Fugures out yesterday showed retail sales soared in October while sluggish global outlook hit exports and dented confidence at UK factories. Retail sales volumes rose by 0.8% in the month, as falling petrol prices gave shoppers a little extra cash for clothes and furniture in particular, the Office of National Statistices said.
CONSTRUCTION A slowdown in housebuilding last month pushed construction activity to a five month low, reinforcing fears that the recovery is losing steam. The purchasing managers index for October dropped to 61.4 from 64.2 the previous month and below the consensus forecasts of 63.5.
EUROPEAN GROWTH Britains status as Europes leading economy was rubber- stamped by the European Commission when it upgraded the countrys growth forecast and slashed its outlook for the eurozone. The commission raised its 2014 growth for Britain from 2.7% to 3.1% and its 2015 prediction from 2.5% to 2.7%. It cut eurozone projections from 1.2% to 0.8% and 1.7% to 1.1%.
CONSUMER CONFIDENCE GfKs British consumer confidence index has decreased two points this month to minus one. Four of the five measures used to calculate the index, including respondents personal finance situations over the past 12 months and what they are expecting for the coming year decreased.
JOBS Unemployment has fallen to the lowest since the government bailed out the banks six years ago. The jobless rate dropped from 6.4% to 6.2% in the three months to July, according to the Office for National Statistics. The number of unemployed has fallen by 468,000 - the largest annual decline since the Lawson boom of 1988.
LATE PAYMENT More than a third of small and medium-sized businesses want larger companies who persistently pay late to be barred from government contracts. Only 9% of 500 SMEs surveyed by BFS said that their debtors were making prompt payments at the end of 2013, compared with one in five in 2009. A separate report by the Forum of Private Business showed that almost a quarter of its members had suffered an increase in late payments over the past year, in stark contrast with 3% who reported a decrease. About 29% have witnessed a rise in the average number of days beyond the deadline that payment is made late.