Another independent factoring company about to be taken over

Rumours have come to my ears that Metro Bank are currently doing due diligence on SME Invoice Finance. Whilst I originally didn’t intend to name the factoring company Sky News have published details so I have now edited my original post to include the name.

If anything further happens you won’t read it here first as I’m off on vacation next week 🙂

Amendment added 02/08/13

In actual fact the takeover has been signed, sealed and delivered and a public announcement will be made after the weekend.

This is an interesting takeover where the benefits to SME Invoice Finance are immediately obvious and I have been assured that the company will continue to be run the same way as before which I think is really good news as the service they offer their clients is first rate.