Cattles Invoice Finance up for sale

Cattles Invoice Finance has announced that it has been put up for sale by it's parent company. It would seem that despite increasing income the company has had to increase reserves substantially to cover losses sustained on some of it's lending which possibly prompted the parent to put it up for sale in order to concentrate on their core products.

There have been instances in the past of factoring companies putting themselves up for sale and trying to make their portfolio look more attractive by terminating clients that might not appeal to a new owner and also increasing rates in order to make the investment look more enticing

Needless to say until matters become clearer we cannot recommend Cattles Invoice Finance to any of our clients until we know what the future holds for them

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