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Home > Company Index > Financial Services > Commercial Lending > London Forfaiting Company PLC

London Forfaiting Company PLC
 PROFILE
London Forfaiting Company doesn't forfeit its rights to anything. The firm provides forfaiting services, short-term financing for exporters. By supplying interim financing, the company guarantees that customers will get their money and gives importers time to pay their debts. Loans are backed by promissory notes guaranteed by a bank in the buyer's country. The company also trades in the secondary forfaiting market, in which banks and institutions buy and sell these loans. Goods and services financed by London Forfaiting include oil, coal, rice, tractors, computers, engineering services, maintenance services, power plants, and construction projects. The company finances transactions in more than 90 nations.

 COMPETITION
Actrade Financial Technologies, Ltd. (ACRT)
HSBC Holdings plc (HBC)
Heller Financial, Inc. (HF)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 33.50
1-Yr. Sales Growth: (35.7)%
Employees: 108
Revenue per employee: $310,185.19

 KEY PEOPLE
• Stathis A. Papoutes
    CEO
• Pravin P. Samani
    CFO

 CONTACT INFO
International House, 1 St. Katherine's Way
London E1W 1XA, United Kingdom
Phone: 44-20-7481-3410
Fax: 44-20-7480-7626
Online: Web Site

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