|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.
|BUILDING BOOM The construction sector powered ahead at its fastest pace in 16 weeks last month as new work flowed in on the back of certainty provided by the general election result and an improving economic backdrop. The Markit-CIPS purchasing managers index for the sector rose from 55.9 in May to 58.1 in June. The latest reading was well above the long-run survey average of 54.6.
UK MANUFACTURING Activity in Britains manufacturing sector slumped last month on the back of dismal exports, leaving the UK increasingly reliant on consumers to fuel growth this year. The closely watched Markit/CIPS purchasing managers index for the sector fell to a 26 month low of 51.4 in June, dashing hopes that the economy would finally start showing signs that it was rebalancing away from its overreliance on consumers. The figure for last month was down from a revised reading of 51.9 in May.
UK TRADE BALANCE Britains trade performance improved markedly in April, boosting hopes that economic growth will pick up from the soggy patch recorded in the first quarter of the year. The trade deficit narrowed to £1.2 billion, down from £3.1 billion in March, according to figures from the Office for National Statistics. Total exports increased bu £500 million to £42.6 billion, while imports dropped by $1.4 billion to £43.8 billion.
UK SERVICES SECTOR Hopes that the economy would bounce back sharply from its first-quarter slowdown have been dashed by the weakest activity reading for the powerhouse services sector this year. Mays purchasing managers index for services dropped to 56.5 from 59.5 in April, the sharpest one-month decline since 2011 and the weakest performance since December. Markit, the PMI survey compiler, said that last months overall reading -taking services, construction and manufacturing together- pointed to GDP growth of 0.4% in May and 0.5% for the past three months.
UK MORTGAGE MARKET Mortgage approves jumped by the most in more than six years in April, in further evidence that the property market was heating up. Figures from the Bank of England showed there were 68,076 mortgage approvals in April hitting their highest level in 14 months and up 8.8% from a month earlier, to hit a 15 month high of 35,930, as borrowers took advantage of cheap rates.
UK GROWTH Weak growth at the start of the year will prove to be a blip as the full impact of cheap oil has yet to take effect, a Bank of England rate-setter has said. Britain grew by 0.3%in the first three months of this year despite the tailwind of a halved oil price, raising concerns that the economy might be suffering a fundamental slowdown. However, Martin Weale claimed that there was little cause for concern.
HOUSE PRICES The average price of a house rose 1% in April from a month earlier, the biggest gain since June 2014 and significantly higher than the 0.1% rise in March. The average cost of a house in the UK in April was £193,048.
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.