The week completed, 31st October 2014

A quiet one with a distinct shortage of inbound calls, largely attributable, I suspect, to half term. Slow progress with a few invoice finance negotiations but an asset finance facility was completed for a small, local business which purchased a laser cutting machine.

When speaking to any business we always ask about access to finance and the ease, or otherwise, with which working capital can be accessed. Again this week those to whom we have spoken indicated funding was not an issue.

Interesting that Russia’s central bank has raised its key interest rate from 8% to 9.5% in an effort to combat inflation. Imagine that sort of rate in the UK and the repercussions on borrowers both business & personal