Another factoring company for sale ?

It has been widely reported that London Scottish Bank is thinking of selling it’s factoring subsidiary in order to raise funds to repair it’s own capital base which seems to be no longer adequate under the new Basel 11 rules.

London Scottish Invoice Finance is one of the smaller factoring companies but has an enviable reputation for service levels coupled with some innovative products and aggressive pricing and we hope that if sold it will end up in the stable of a company that will respect those values.

Time will tell.

What do you think?