Absolute Invoice Finance Limited has transferred to Aldermore Bank PLC, creating an invoice finance division for the bank that will trade as Absolute Invoice Finance.
Aldermore Bank PLC already provides other forms of asset based finance facilities to small and medium sized businesses so the transaction will mean your clients will gain access to a wider range of products from one trusted funder.
Aldermore is the new name in British banking, providing specialist financial solutions to savers and small to medium sized enterprises (SMEs) throughout the UK. It was borne out of the merger of Ruffler Bank PLC and Base Commercial Mortgages Ltd in May 2009. Aldermore is the first British bank to be wholly owned by a private equity firm, AnaCap Financial Partners LLP.
The transaction will give both companies tremendous advantages in the market. Absolute will benefit from access to a strong, guaranteed funding line enabling the company to finance a broader range of businesses and market a wider range of services to new and existing clients.
We will continue to trade as Absolute Invoice Finance, offering the same high standards of service we are synonymous with and I will remain your main point of contact.
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