Strategic Finance
Close Invoice Finance expands |
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| Strategic Finance | |
| Written by Roberta Murray | |
| Wednesday, 13 May 2009 | |
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New acquisition in Ireland announced.
Close Invoice Finance has today announced that it has acquired the factoring business of Ireland’s longest running invoice finance company, Ulster Factors, for an undisclosed sum. David Thomson, Chief Executive Officer of Close Invoice Finance said: “Ulster Factors is one of the most experienced and respected invoice finance companies in Ireland with an enviable client list. We are delighted with today’s announcement which will enable us to continue to expand our business across the UK. “This acquisition will allow us to support even greater numbers of cash-strapped SMEs and offer them a lifeline at a time when other forms of finance, notably bank lending, have dried up. In the current economic environment, it has never been more important that SMEs consider and take advantage of all the alternative sources of finance available to them.”
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