|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.
We are authorised and regulated by the Financial Conduct Authority (FCA)
Anglian Commercial Finance a trading arm of Nationwide Debt Solutions Limited registered in England No3895407
Created and Maintained by Aztech Business Systems Ltd.
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PRODUCTIVITY INCREASE Productivity increased at its fastest pace in 15 years in the three months to September as the economy bounced back from the first lockdown, according to official figures. Output per hour, the main measure of productivity, increased 4% compared with the same quarter the previous year, the Office for National Statistics said. The last time it grew faster was in the final three months of 2005.
BUSINESS CLOSURES Business closures increased and the proportion of workers on the governments furlough scheme rose as the country stood on the brink of a third lockdown in late December, official figures showed. Businesses were forced to shut up shop as more areas were pushed into higher tiers with tougher restrictions. The proportion of companies still trading during during the second half of December fell to 71% from 84% earlier in the month.
SERVICES HOPE FOR REBOUND IN 2021 The composite purchasing managers index, a key economic indicator of activity in both the UK powerhouse service sectors and manufacturing, moved back into growth territory last month, with a reading of 50.4.The services PML remained just below the 50 level, slightly above Novembers 47.6 reading at 49.4, but the composite reading as lifted by a sharp rise in factory activity. Manufacturing PMI jumped to 57.5, its highest in three years, as factories rushed to complete work before the Brexit transition ended.
EMPLOYMENT CONDITIONS Employment conditions are the best they have been since the pandemic began as private sector activity recovered in December after Novembers mini-lookdown. Decembers composite PML showed that hiring intentions rose to their highest level since February. Although still in contractionary territory, the combined employment index reading of 47.2 was the best since the pandemic hit.
NEW CAR SALES PLUNGE The sale of new cars in the UK fell by nearly 30% to 1.63 million last year, according to new industry figures. It means that 2020 was the worst year for new car sales since 1992, when the county was plunged into recession, with the year-on year percentage fall representing the biggest drop in sales since the Second World War.
MORTGAGE SURGE Mortgage approvals rose at the fastest rate in more than 13 years in November, figures from the ank of England show. Lenders approved 104,969 mortgages during the month, an increase of 7,700 from October and defying economists forecast of a fall to 82,500. The governments decision to cut stamp duty has also helped to encourage demand.
SOLVENT COMPANIES WINDING UP Business owners are winding solvent companies amid exhaustion in the face of the pandemic and fears over possible tax changes. Members Voluntary. Liquidations approached record levels in the third quarter of 2020. There were 3,126 such liquidations in the three months to the end of September, the highest figure that period since 2000 and 52% increase on the third quarter in 2019.