Santander has announced it has purchased Liqiudity, a specialist factoring and invoice discounting provider. This acquisition adds to the range of services on the market through the bank’s twenty regional company banking centres, and offers a bespoke service, which complements Santander’s existing product offerings.
Steve Pateman, head of Santander Corporate and Industrial Banking said: “This is often another demonstration of Santander’s ambition to become the bank of choice for businesses. Liquidity could be a robust specialist business and this acquisition enables us to accelerate our plans to supply factoring and invoice discounting services to any or all UK clients. An instantaneous priority for the bank is to recruit experienced trade specialists, in order to increase the sturdy regional focus Liquidity achieved to the rest of the UK.
Cashflow is key for any business and has become increasingly necessary given the current economic environment. By broadening the range of services, that aid the cashflow desires of companies we will be ready to supply additional support to both existing and new customers.
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ReplyDeleteMuch of the justification for the investment in the Olympics has been the increased trade it will bring to UK PLC. If that’s true there could be many businesses out there over-stretching themselves – good in the long run but dangerous if the funds aren’t there to finance the increased level of business. Equally there could be businesses thinking – we’d love to take advantage of this but we just can’t afford to.
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