Cattles Invoice Finance relaunches

Business finance specialist Cattles Invoice Finance has relaunched as Absolute Invoice Finance with a new £100 million fund.


Business finance specialist Cattles Invoice Finance has relaunched as Absolute Invoice Finance with a new £100 million fund.

Business finance specialist Cattles Invoice Finance has relaunched as Absolute Invoice Finance with a new £100 million fund.

The rebranding follows private equity firm AnaCap’s acquisition of Absolute from troubled sub-prime lender Cattles for £70 million.

Doug Crawford, chief executive of Absolute Invoice Finance, says the firm has a ‘fierce appetite’ to lend to small to medium-sized companies.

Adds Crawford, ‘With the support of AnaCap, an exceptionally strong balance sheet and a substantial new funding line from Lloyds TSB Commercial Finance, we are now an extremely well capitalised business.’

With an annual client turnover of more than £1 billion, Absolute offers invoice discounting as well as support services such as payroll management.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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