|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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UK HOUSING MARKET AT DECADE HIGH The housing market had its busiest month for at least decade in July as the value of property sales reached a record £37billion, according to Rightmove. Agreed property sales rose by 48% compared with the same month a year ago and were 20% higher than the previous record recorded by Rightmoves monthly survey in March 2017. The momentum in the market has continued in August, with the latest weekly figure showing a 60% rise in sales.
SHOPPERS HELP ECONOMY BOUNCE BACK Britain is bouncing back faster than expected as businesses return to normal and shoppers return to the high street,figures suggest. Business surveys indicate that the economy is on course to expand at its fastest pace on record after shrinking by a fifth during lockdown. However the recovery is likely to stall towards the end of the year.The data company IHS Markits "purchasing managers index" which measures confidence in the economy among 1,5000 businesses in the manufacturing and services sector reached 60.3% this month. This was up from 57 last month and above predictions of 57.1. Any reading above 50 indicates that the economy is growing.
DEBT PRESSURE GROWS ON STRUGGLING COMPANIES Businesses have borrowed more than £50billion through government backed loans since march. Treasury figures suggest that 1.2million businesses have drawn on support. As of August 2, they had borrowed £50.69billion, up from £49.3billion the previous week The figures will fuel concerns that companies are taking on too much debt. Economists have said that many businesses will struggle to repay their debts if the economy does not recover quickly. GDP rebounded by 1.8% in May after sinking by 20.4% in April. Hopes of a so-called V-shaped recovery have all but vanished
RETAILERS ENJOY SECOND MONTH OF SALES GROWTH
The easing of lockdown has given retailers a much-needed boost as shoppers returned to the high street. Total retail sales rose by 3.2% in July, up from 0.5% the tear before and representing the second consecutive month of growing sales since the sector was effectively shut down in March, according to the latest British Sales monitor. Non-essential shops reopened on June 15th. The increase was driven by sales of food, whch rose by 6.1% in the three months to July. This was the fastest growth rate since June 2009 and was higher than the 12-month average of 3.2%. Sales of no-food items continued to struggle, however, declining by 4.3% on a total measure. Online retailers are still enjoying a boom in sales. Online non-food sales increased by 41% in July, up from 3.7% the year before.