|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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SERVICES SLOW RECOVERY Britains economy recovery is starting to lose momentum amid fears of a second lockdown, according to a closely watched survey. The IHS Markit/Cips composite purchasing managers index (PMI) dropped to a three-month low of 55.7 in September. The Flash reading which is based on responses collated in the first two weeks of the month, fell after hitting a six-year high of 59.1 in August. Economists were expecting the index to fall but it came in well below the forecast of 56.3.
EMPLOYERS BEGIN HIRING AGAIN Employers began hiring again last month as the economy opened up but pay continues to fall as rising unemployment shifts the balance in the labour market from workers to business. The findings, in the monthly Report on Jobs survey from the Recruitment and Employment Confederation and the accounting firm KPMG, provided welcome evidence of a tentative jobs recovery from lockdown. Hiring increased last month for the first time since March, but employers sought temporary staff in a sign that confidence is weak as they avoid committing to fixed costs Job placements for temporary workers grew at the quickest rate in 20 months while permanent placings rose only marginally.
HOUSE PRICE BOOM WILL BE SHORT-LIVED The Halifax price index has reached a record high as the market continues to show immunity to job losses and gloomy forecasts. Property values rose by 1.6% in August to and average of £245,747, cordintb to the index. Prices were up 5.5% from a year earlier. Last week Nationwide building society recorded a 2% rise in house prices in August to £224,123, the biggest monthly rise in 16 years.
DEBT PRESSURE GROWS ON STRUGGLING COMPANIES Businesses have borrowed more than £50 billion 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