Skipton Business Finance enjoys record first half year

Tuesday, 3 July, 2012 - 16:00
Invoice finance facilities such as factoring and invoice discounting are proving popular with many UK businesses

Skipton Business Finance has announced it sanctioned a record number of deals in the first half of 2012, seeing a 50% increase in volume over the past six months.

Numerous owner-managed businesses from across the country have secured facilities with the leading invoice finance provider, as its ability to underwrite locally and provide flexible facilities has appealed to many business owners.

Having been founded in 2001, Skipton Business Finance has seen impressive growth across the country over the last 11 years and now has offices in Skipton, Leeds, Manchester and Birmingham.

The invoice finance industry as a whole has continued to thrive in early 2012, with the Asset Based Finance Association (ABFA) posting impressive growth figures and client numbers in June.

There are now almost 42,000 companies using invoice finance facilities across the UK as owner-managed businesses are increasingly seeing such funding lines as their preferred business finance solution.

Sales & Marketing Director Andy Grantham commented: “Skipton Business Finance continues to expand its operations around the country, which is being reflected in the record amount of clients we have brought onboard in the first quarter”

Mr Grantham said that the business share their parent company’s mutual ethos.

“Skipton Business Finance is part of the widely-respected Skipton Building Society and we believe the fact we share our parent’s ethos has helped us build a reputation up and down the country as a flexible, friendly and respected lender”

Mr Grantham also indicated that more funds are available to owner-managed businesses: “Skipton Business Finance continues to allocate cash to a significant fund with the aim to help UK businesses create wealth and employment”

A subsidiary of Skipton Building Society, SBF is a leading independent invoice factoring and invoice discounting provider, offering a range of working capital solutions for businesses with annual sales ranging from new-start to £30m.

Want to know more?

Please contact Ed Carney on 0113 242 3237 or email info@skiptonbf.co.uk for further information.