Launch of Trade Finance Division
June 14 2012 - 2:01AM
RNS Non-Regulatory
TIDMUFG
Ultimate Finance Group PLC
14 June 2012
14 June 2012
Embargoed until 07:00
Ultimate Finance Group plc
("Ultimate Finance", the "Company" or the "Group")
Launch of Trade Finance Division
Ultimate Finance Group plc (AIM: UFG), a leading provider of
financial solutions to SMEs, is delighted to announce the launch of
its trade finance division with the appointment of two highly
experienced senior managers who bring with them a number of
immediate clients.
Mr. Maurice Ezekiel and Mr. David Riding have joined Ultimate
Finance to head up the division. They each have a wealth of
experience within SME lending and finance sectors; between them
they have held senior level positions at Alliance Business Lending,
Barclay's Bank, Stenham Plc and NMB-Heller Trade Finance
Limited.
Jeremy Coombes, Chief Executive of Ultimate Finance, commented:
"Trade Finance is a highly specialised field that is complementary
to our range of financial solutions for SMEs. There is a huge
demand for Trade Finance services among SMEs which currently is not
being met in the market. We therefore see this launch as a huge
opportunity.
"We are fortunate to have attracted high calibre individuals to
head the division, who not only have a huge amount of high-level
experience but also are bringing clients with them."
For further information please contact:
Ultimate Finance Group plc Tel: +44 (0)845 251 3030
Jeremy Coombes, Chief Executive
Shane Horsell, Finance Director
WH Ireland Tel: +44 (0) 117 945 3470
(Nominated Adviser and Broker)
John Wakefield / Marc Davies
Threadneedle Communications Tel. +44 (0) 20 7653 9850
(Financial PR)
John Coles / Fiona Conroy
About Ultimate Finance Group plc
Ultimate Finance group is a leading provider of financial
solutions to SMEs across the UK. The Company is headquartered in
Bristol with regional offices in Manchester, Birmingham and
Tunbridge Wells. Through its invoice finance and asset finance
divisions it provides support to SMEs by funding their growth. As
bank lending to SMEs is increasingly restricted in the current
climate, the benefits of Ultimate Finance's flexible and
fast-moving solutions become even more compelling.
The Company acquired Ashley Commercial Finance, an invoice
finance company, in October 2010, which significantly broadened the
Company's target market. This, alongside the facility of GBP34
million from Lloyds TSB Commercial Finance, provides a strong
platform for growth.
The Company boasts an experienced management team coupled with a
diverse offering of products and services now available to its
clients, Ultimate Finance is well placed to capitalise on the
increasing demand for finance for SMEs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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