Ultimate Finance expands into factoring market

Aim listed Ultimate Finance Group is widening its business into the international factoring market.

The group, which provides factoring and general financial solutions provider for small to medium UK businesses, said following its interim results in March, it has been looking for a "fresh approach to the company's direction, implementing a range of new initiatives and developing opportunities."

The group said it would provide credit management, credit insurance and funding facilities to international businesses importing and exporting goods and services into and out of the UK.

Ultimate Finance has also opened a new office in Tunbridge Wells, widening its reach into the Southeast.

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Ultimate Finance expands into factoring market