RE: Sector developments19 Feb 2020 12:40
Also backed up by today's news re the IF line increase from Natwest:
(Alliance News) - 1PM PLC on Wednesday said it has further increased its back-to-back invoice finance funding facility with NatWest by GBP5.0 million, rising to GBP42.0 million.
The AIM-listed specialist finance provider said it intends to use the facility exclusively for the purpose of lending to UK businesses and providing its two invoice finance businesses, Positive Cashflow Finance and Gener8 Finance, with additional funding to meet demand from their growing number of small and medium-sized clients.
"I am delighted that the group has further strengthened its long-standing relationship with NatWest which continues to thrive and expand in our invoice finance division," said Chief Financial Officer James Roberts.