Davenham to be taken over by Bibby Factors ?

A whisper has reached my ears that Bibby Factors are deep in negotiations with Davenham which could result very shortly in a take-over of the fledgling factoring operation which has struggled to get away due to Davenham’s well chronicled lack of money.

I’m not sure whether the deal will also include the trade finance division which is probably attractive from Bibby’s point of view but as there isn’t enough competition in this sector from the market’s point of view I hope that it doesn’t.