Business-to-business bartering company BarterTrust is relocating its headquarters from San Francisco to London. The company, which already operates in the US, Canada and Latin America, says it will transfer its headquarters to London as it expands internationally, seeing the UK as its gateway to Europe. The network is an international business exchange for companies to buy or sell products or services using a non-cash means of exchange. The key benefits of the BarterTrust Network, according to the company, is that it maximises revenue by reducing excess inventory or spare capacity, improves cashflow management and exposes companies to new customers and markets. For more visit www.bartertrust.com – Bibby Financial Services Group has launched a new division, Bibby Asset Finance, to offer UK companies hire purchase and lease facilities.
Clients will be offered fixed interest rates and will be able to spread the cost of equipment over its working life. The new division also plans to support businesses with existing equipment, enabling them to release capital tied up elsewhere.
– An online service offering UK SMEs and start-ups access to free legal advice and free standard documentation has been launched. Legalpulse describes its service as ‘unique’ and has 90 ready-to-download documents enabling users to form or develop a business, including blank business plans and shareholder agreements.
For more see www.legalpulse.com
– A directory detailing FDs and finance contacts in 6,000 top UK companies has been published. The Finance Directors Yearbook 2001 covers FDs, financial controllers, pension fund managers, treasurers, credit control managers and strategic development/planning managers. As well as listings for approximately 2,000 companies on the London Stock Exchange, the yearbook reveals the make-up of over 4,000 unquoted companies, plus contributions from Financial Services Authority chairman Howard Davies and Glaxo Smithkline FD John Coombe.
Further details can be found at www.financedirectorsyearbook.co.uk.
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