Ashley Commercial Finance

Ashley Commercial Finance have issued a press release which included the phrase “We have decided that in the current climate risk is more easily managed at the “small ticket” end of the factoring market and have therefore introduced a temporary funding cap of £50k for new business.”

We had heard rumours of funding restrictions being placed on clients and wonder whether this is connected with other rumours doing the rounds about substantial bad debt losses within their client portfolio.

There is a well known company within factoring circles whom no-one would touch with the proverbial bargepole but if rumours are to be believed Ashley unwisely took on a client connected with this company and are now suffering the consequences.