Factoring


Newport invoice brokers support recruiters growth

Thu 9 Jun 2016

Newport-based invoice finance firm Simply Factoring Brokers is celebrating the successful expansion of Cwmbran-based Rosato Recruitment after supporting the business through invoice finance. Due to the funding from the invoice financing facility, Rosato Recruitment has now been able to expand into the temporary recruitment market; allowing the firm to vastly increase its turnover. Invoice finance […]


Simply Factoring expands to Manchester

Thu 19 May 2016

Welsh invoice finance firm Simply Factoring Brokers has opened an office in Manchester to satisfy record growth and national expansion plans. The financial brokerage currently employs 10 staff across two sites in Newport and Eastbourne. With the opening of the new Manchester office, the business is forecast to increase its workforce by 50% by the […]


First Capital Factors boost Cornish presence

Mon 16 May 2016

National factoring firm First Capital Factors has opened a new office in Truro. The firm was established seven years ago and since opening the company has steadily expanded. They opened their second office in Exeter in 2014. Martin Austin, managing director, First Capital Factors, said: “The opening of our office in Lemon Street, Truro confirms our […]


Advisers back PFS apprenticeship scheme

Wed 11 May 2016

Advisers have overwhelmingly come out in favour of the proposed Personal Finance Society apprenticeship scheme. Most (97.1%) saw a specialist apprenticeship for financial advisers as a good idea and three quarters (75.4%) were interested in using the scheme. The PFS will fund the apprenticeship programme, which will guide trainees on gaining the necessary qualifications. Keith Richards, […]


NACFB gives expansion update

Wed 27 Apr 2016

The National Association of Consumer Finance Brokers has updated brokers on its expansion plans this year. The association is looking to take on additional manpower, having already advertised for personal assistant and office manager roles, while it is looking to move offices from Hamilton House to accommodate more people. The NACFB, which is supported by […]


Simply Factoring Brokers expands team

Thu 14 Apr 2016

Phil Smith and James Williams have joined Newport-based brokerage Simply Factoring Brokers as business development managers. Smith, 42, has strong experience in sales after working in the construction, security and telecom sectors where he worked for start-up businesses and large corporates such as BT, Virgin and Tesco. Williams, 30, joins the firm after working in […]


Positive Cashflow Finance acquired by management team

Mon 14 Mar 2016

Bosses at Positive Cashflow Finance, the Manchester-based lender, have taken over the business after acquiring the remaining 20% stake held by Infinity. Private equity firm Infinity took a 55% stake in the business back in December 2007, when it was a startup, with an investment of £2m. Three years ago, Manchester-based Infinity’s stake dropped to […]