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.