|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.
|SERVICES SECTOR The service sector continued to grow last month, but expansion was at its slowest rate for three months, according to the latest figures. The Markit/CIPS UK Services PMI dropped to 58.7, lower than expected and down from Augusts nine-month high of 60.5. Any figure above 50 indicates expansion.
MANUFACTURING OUTPUT Disappointing performances by the manufacturing and services sectors may be the first alarm bell of slower growth, according to the British Chamber of Commerce. The lobby group said that while the economy was still growing, it had slowed in the third quarter. Factory output in August was 0.1%, down from 0.3% in July and in line with forecasts, according to the Office of National Statistics .
HOUSE PRICES Rampant house price growth in England and Wales stalled this month for the first time in more than a year and a half, providing another signal that the housing market is running out of steam. Hometrack, the property research group, said that growth had completely ground to a halt on the back o a slump in demand, which was down by 2.1% this month.
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.