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SFP GROUP
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Asset based finance sees double digit growth

Underpinning the UK’s economic recovery, the Asset Based Finance Association (ABFA) has announced new quarterly figures which show the highest levels of advances to companies since 2008. This is in marked contrast to overall UK net lending figures which continue to fall.

http://www.sfpgroup.com/20130909-asset-based-finance-sees-double-digit-growth
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The SFP Group Raises over £19,000 for 9  Charities

This year, SFP Group decided to hold its very first charity event. Staff were split into 9 teams and were given embarrassing tasks to complete in and around Canary Wharf.

The tasks ranged from solving cryptic clues to singing happy birthday to random strangers. Check out the pictures and videos – they are guaranteed to make you laugh!

We had a target of £10,000 but our very generous donators and sponsors helped us almost double this amount to an outstanding £19,695.80!! So a final massive Thank You to everyone who donated and who sponsored us. Together we have raised a lot of money for charity!

http://www.sfpgroup.com/charity-event-2013
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Whenever I fantasize about quitting my job and walking out on my last day - it looks something like this...
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Piggy-Banks are underpinning UK recovery

Falling household savings are underpinning the UK’s economic recovery and preventing it from sliding back into recession

http://goo.gl/HzzgCF
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New scheme means regulators will share reform plans with business

A new scheme has been launched with the aim of giving businesses a stronger voice in influencing how regulators change the way they work.

Under the new Accountability for Regulator Impact Scheme, non-economic regulators that are planning a significant change in policy or practice – for example, by updating guidance or inspection regimes – will assess and quantify the impact of that change on business.

http://www.sfpgroup.com/20130802-new-scheme-means-regulators-will-share-reform-plans-with-business
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* BBA release SME lending data for 120 postcode areas *

The BBA has published data showing small and medium-sized business (SME) borrowing and saving, broken down by each of Britain’s 120 Postcode Areas. Using data from the main high street banks, these figures highlight for the first time the regional geography of SME borrowing and saving in Britain.

The data shows that the majority of regions are net depositors, with SMEs in London, the South East, East Midlands, the East of England, Yorkshire and Humberside, the North East, the North West and Scotland having more on deposit than they are borrowing.

http://www.sfpgroup.com/20130801-bba-release-sme-lending-data-for-120-postcode-areas
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Massive boost to British industry in biggest ever petrochemical project

UK Export Finance has announced that it will guarantee $700 million of finance for UK exportsto a petrochemical facility in Saudi Arabia.
In a massive boost to British businesses, the UK’s export credit agency, UK Export Finance (UKEF), has announced that it will guarantee $700 million (£450 million) of finance to British companies bidding for contracts on a new $19 billion (£12 billion) petrochemical facility in Saudi Arabia.

http://www.sfpgroup.com/20130629-massive-boost-to-british-industry-in-biggest-ever-petrochemical-project
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Ex-Mortgage Adviser sentenced to two years after FCA action

following criminal action brought by the Financial Conduct Authority (FCA), Michael Joseph James Lewis was sentenced to two years in prison on two counts of making/supplying documentation for use in fraud and ten counts of carrying on a mortgage advisory business despite being prohibited from doing so.

http://www.sfpgroup.com/20130724-ex-mortgage-adviser-sentenced-to-two-years-after-fca-action
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Coface has updated its assessment for 11 different countries in its latest Panorama Report on country risk, with mixed fortunes for some of the world’s better known economies including Ireland and South Africa. Ireland’s risk assessmenthas been placed under positive watch, whilst South Africa’s risk assessment has been downgraded.

http://www.sfpgroup.com/20130722-coface-predicts-contrasting-fortunes-for-world-economies
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