No thrills at Conister

Article Abstract:

Conister Trust is a finance house specializing in hire purchase finance for automobiles and equipment. The company is based on the Isle of Man and has links with some 30% of residents on the island, but needs to expand elsewhere in the UK if it is to grow. The company acquired two English brokers in Mar 1996 but this has not boosted its share price. The company could also expand into investment products but has delayed this due to caution. Conister's profit is forecast at 1 million pounds sterling for 1996.

Consumer Lending, Personal credit institutions, Consumer Finance Institutions, Consumer finance companies, Conister Trust

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London Forfaiting

Article Abstract:

London Forfaiting acts as an intermediary when western exporters trade with countries which have problems in access to hard currency. The company pays UK firms cash for promissory notes which are sold to international banks. The company also arranges the notes which allow non-Western companies to buy goods from UK companies. The company has a strong position in this market and is also involved in transferable loans, and activity which involves lower margins.

Credit market, Credit markets, London Forfaiting Company PLC

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Versailles

Article Abstract:

Versailles is a trade finance provider to smaller firms in the United Kingdom, and has seen rapid growth in earnings and sales since 1995, when a stock flotation was carried out. The company has 350 clients and transactions tend to be valued at between 1 million pounds sterling and 10 million pounds. New business has come from a marketing link between Versailles and Bank of Scotland. Other deals could follow, as could international expansion.

Financial services industry, Financial services, Versailles

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