Come on along and support the Demonstration to highlight rampant fraud in the factoring industry of SMEs & the HMRC -

 BIS are going to promoting unregulated factoring and invoice discounting as a safe alternative to regulated banks with their Alternative Lenders intiative - They would be better to promote the 'regulated' pay day lending industry as a safe (and cheaper) alternative.

the lobby will take place at 1:30pm on Tuesday 31st March
Address: (just up from Parliament)

Department of Business, Innovation & Skills (BIS)

1 Victoria Street,

London

SW1H 0ET

Contact Brian Moore - Spokesperson Campaign for the Regulation of Asset Based Finance 07825050704

Factoring companies to be highlighted to the Department of Business, Innovation & Skills as an alternative lenders that are closing solvent businesses as part of the unregulated asset based finance industry

Campaigners will be out in force demonstrationing at BIS tomorrow - come on along and show you support.



In what is expected to be a high profile vocal demonstration officials at the Department will be left under no illusion the problems faced by solvent clients of of the factoring/ invoice finance industry when they are forced into insolvency for their assets - which the asset based lender keep at the expense of HMRC!

For more information contact: BIS@rabf.org.uk

the lobby will take place at 1:30pm on Tuesday 31st March

Address:

Department of Business, Innovation & Skills

1 Victoria Street,

London

SW1H 0ET

Pressure is building on Department of Business, Innovation & Skills to review the asset based finance industry to answer serious questions over their alternative funders intiative

As numbers grow for the RABF campaigners for the lobby of BIS - serious questions are being asked how a situation has raised where the Government will be encouraging SMEs to use unregulated finance companies that a conman could set up to defraud them.

 
The Government unregulated alternative finance intiative will lead to solvent companies being forced into insolvency for their assets by factoring companies

Campaigners will be demanding answers when they confront BIS officials to answer awkward questions why they are promoting alternative finance providers who have grown fat by closing solvent companies and siphoning off their assets that should have gone to HMRC

Contact BIS@rabf.org.uk

RABF campaigners will be demanding to speak to Martin Donnelly the Permanent Secretary for the Department of Business, Innovation & Skills

RABF Campaigners will be pouring into London from all over the UK on Tuesday March 31st to lobby  the Department of Business, Innovation & Skills (BIS) to get robust regulation of asset based finance.

Asset based lending (factoring & invoice discounting) come under the control (or lack of) BIS.  At present the industry is covered by the Sale of Goods Act 1979 - which to put it bluntly is charter for fraud.


Martin Donnelly

HMRC and unsecured creditors continue to be the main victims of the forced insolvency of solvent companies by factoring companies for their assets.

For more information contact: BIS@rabf.org.uk

the lobby will take place at 1:30pm on Tuesday 31st March

Address:

Department of Business, Innovation & Skills

1 Victoria Street,

London

SW1H 0ET

UK scheme to promote unregulated alternative lenders to be running by 2016

A government scheme requiring banks to refer small firms rejected for loans to alternative finance providers should be up and running by next year, the managing director of the British Business Bank said.

The scheme is part of government plans to encourage lending to small businesses and fill a hole left by Britain's biggest banks scaling back lending to bolster capital and meet tougher regulatory rules following the financial crisis of 2007-9.


"We will definitely want to have something in place by 2016. The banks need to implement it and we need to get the systems right. It's better that the system is implemented well than we rush it," Andrew Van Der Lehm, managing director of the British Business Bank, told Reuters.

Britain's finance ministry said last year that it would require 10 banks including Royal Bank of Scotland, Barclays, Lloyds Banking Group and HSBC to offer businesses whose loan applications they have rejected a referral to alternative finance providers.



ADMIN: HAVE THE GOVERNMENT NOT LEARNED THAT THE 'REGULATED' BANKING SECTOR WAS OPEN TO WIDE SPREAD ABUSE - THE UNREGULATED SME FINANCE SECTOR IS OPEN TO WIDESPREAD FRAUD

http://uk.reuters.com/article/2015/03/24/uk-banks-lending-idUKKBN0MK00720150324

We are expecting our voice to be heard at the lobby of BIS on March 31st

As anger continues over the treatment of solvent SMEs by their factoring provider - business owners are planning to have their voice heard at the lobby of BIS on March 31st.

We simply cannot continue with factoring company after factoring companies business plan based around termination fees ripping off unsecured creditors and HMRC by forcing their client into insolvency.

contact BIS@rabf.org.uk for more information

People are coming for all ove the UK to lobby BIS regulation of Asset Based Finance

Members of RABF and the Close Brothers campaign group are planning to to attend the lobby of Business Skills and Innovation on March 31st (1st day of the General Election).

If you would like to come please contact BIS@rabf.org.uk

We are planning to see Martin Donnelly is the Permanent Secretary for the Department of Business, Innovation & Skills.

This is the department in control of regulation of factoring/ invoice finance