Wakefield-based Boston Healthcare received £1.25 million investment from Finance Yorkshire’s Equity Fund.The company, which was established in April 2010, will use the investment to procure, market and distribute a range of well-known pharmaceutical products. The portfolio of over-the-counter (OTC) products produced by Boston Healthcare includes a range of sun protection products and multi-vitamins already available in high street retailers and pharmacies..
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Vco Engineering Service is a private limited company, offering industrial machine equipments to large and medium corporations. Mr. Eugene worked very hard and treated his staff very well. He and his staff have learned all aspect of the business from ground up. Because of that the business started to expand and became well established.
As the business was growing rapidly , Mr. Eugene decided to set up maintenance services to all his clients. Not to burden himself , he hired Mr. John to develop and direct the new maintenance service activities . Mr. John was formally working in the finance company with business development experience. He was young and energetic and was able to attract new customers. He worked long hours, giving his personal attention to even the smallest detail.
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A Bradford-based tent and marquee specialist is venturing into the field of luxury ‘glamping’ with new product lines thanks to a £70,000 investment from Finance Yorkshire. The company – which started in 1896 as Bradford Cover and Twine Company – manufactures tents for youth groups, tour and adventure holiday operators as well as garden marquees and soft play equipment for individual as well as large international clients. BCT Outdoors Director Chris Fawcett said: “The company’s success relies heavily on research and development and listening to customers, and this philosophy, backed by traditional skills, has enabled the company to build a large customer base both at home and abroad..
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The Challenge: Since being bought out of receivership by managing director and major shareholder Jon Day in 2008, the proﬁtable business is continuing to make good progress. A strong and committed team has contributed to a turnaround for the organisation and the Laser Cutting Company has invested in new machinery, upgraded infrastructure and expanded the works area.But a funding gap requirement, alongside asset ﬁnance provided by HSBC bank, was identiﬁed for its expansion plans in established core markets.
The Solution: Thanks in part to a £25,000 investment from Finance Yorkshire, the Laser Cutting Company has added to its world class technological capabilities with a new piece of equipment from manufacturer Trumpf which will assist with the company’s expansion plans.The machine will be the only one of its kind in the UK and will help Laser Cutting Company cut tubes and sections with large diameters, ensuring they can take on complex jobs while ensuring precision and accuracy.The purchase will nearly double Laser Cutting Company’s capacity and enable them to expand their range of services further as a result. Discover more..
Company Background: Aadhar Housing Finance Pvt. Ltd. (AHFL) seeks to extend opportunities for home ownership to low- and lower middle-income households in India. Established in 2011 as a registered Housing Finance Company (HFC), AHFL is regulated by India’s National Housing Bank. This new company is a joint venture by IFC and IFC client Dewan Housing Finance Corporation Ltd. (DHFL).
Business Model: Providing housing finance to low- and lower middle-income customers in India poses several challenges for lenders. These customers may not have identity cards or income statements. They often construct their own homes, requiring special technical appraisal. Their loan repayments can be affected by irregular cash flows. And unclear land titles can cause legal issues. AHFL has found ways to address these challenges to provide housing finance to this target segment. Keep reading
ndusInd Bank is a top private sector bank in India with a net worth of 183.08 million US dollars and a network of 61 branches, 12 extension counters and 80 off-site ATMs. Started in 1994, it is a leader in the field of retail banking and has earned the ISO certification for its entire network. IndusInd Bank recently acquired the Ashok Leyland Finance Company, raising its net worth by 46 million US dollars. Click here to read more…
“When searching for the right solution to ensure we weren’t duplicating our processing and to ensure we could produce not only consolidated accounts but individual and major entity financial reports , we were excited to find Binary Stream’s Multi- Facility Processing solution.“
- Lyn Donnelly, Management Accountant, PR Group Limited.
PR Finance Group Limited has been successfully servicing customers in Australia with financial solutions since 2004. As a group of companies with 3 divisions it was extremely important for them to integrate their 35 stand alone databases with their ERP upgrade. In order to ensure intercompany transactions could be managed securely, PR Finance turned to Microsoft Dynamics GP and Binary Stream’s Multi-Entity Management software to help manage their numerous corporate entities. Since 2004, the PR Finance Group Limited has been offering financing services to customers throughout Australia. As a leading integrated finance company, the PR Finance Group Limited has established themselves within the Australian market through 3 primary business segments:…
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Executive Summary: A few years ago, some of DHFL sharp focus on growth was being diluted by operational issues. Like other companies that depend heavily on e-mail, DHFL, India’s second-largest private housing finance company, found that it was vulnerable to spam attacks. At about the same time, DHFL’s IT team found that its resources were over-burdened with approximately two man-hours a week being allocated to operational duties to deal with security issues, which led DHFL to go on a quest to streamline cost structures while maintaining service levels. Click here to read more…
IndusInd Bank is a top private sector bank in India with a net worth of 183.08 million US dollars and a network of 61 branches, 12 extension counters and 80 off-site ATMs. Started in 1994, it is a leader in the field of retail banking and has earned the ISO certification for its entire network. IndusInd Bank recently acquired the Ashok Leyland Finance Company, raising its net worth by 46 million US dollars. Click her for more information on IndusInd Bank
Sometimes a borrower with bad credit is in a good position to negotiate with its creditors. So it may be with Conseco, the insurance and finance company that is struggling to stay afloat while it tries to sell assets and put its house in order. In March 2002, Conseco offered some bondholders a difficult choice. They were asked to delay the scheduled repayments of their bonds, with a total face value of $2.54 billion, by up to two and a half years.
Those who agree will be doing Conseco a big favor. At the moment, the company could probably not borrow money in the bond market at any rate. So if Conseco could persuade bondholders to extend their bonds at existing rates, which range from 6.4 percent to 10.75 percent, it would borrow money at rates it could otherwise only dream of. Click here to read more…