|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.
|HOUSING MARKET Figures from Nationwide indicate that house prices increased by 0.4% last month, pushing the annual rate of house price growth up to 3.5%. The building society, which compiles the survey using its own mortgage lending data, said that the average price of a home in Britain had hit £195,621, up from £195,055 in June.
UK GROWTH Business investment and spending by consumers will fuel healthy growth but only if productivity returns, according to the National Institute of Economics and Social Research. The research body said that the economy should grow by 2.5% this year and that unemployment will move towards its long-run level of between 5% and 5.5%.
UK MANUFACTURING Activity in the countrys factories reached a higher level than expected in July after a strong domestic demand helped offset weak export, but new orders were hit by the strength of sterling and grew at their slowest pace in nearly a year. Orders from overseas fell for a fourth month in a row, according to the Markit/CIPs manufacturing purchasing managers index. The PMI rose to 51.9 from Junes 26 month low of 51.4 and was better than analysts expectation of 51.6. Any reading above 50 indicates growth.
UK CONFIDENCE Britons are turning pessimistic about the economy, despite low inflation and rising wages, according to the latest barometer of household confidence. Fears about Greece and lingering problems in the eurozone knocked five points off the outlook for the UKs general economic situation in the GfKs consumer confidence index for July.
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.
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.