It seems that having purchased a factoring company specialising in smaller and riskier clients Bank Santander now don’t want them and are giving them notice.

Having received an enquiry from the second Liquidity client within a week the factoring company that I passed them to said that they had also received several more through other channels.

One does wonder why on earth they bought this particular factoring company if that wasn’t the sector of the market that they wished to be in – it must have been the tax losses 🙂