UK invoice finance provider Ultimate Finance
Group (UFG) has set up a new asset finance division, Ultimate Asset
Finance, providing another example of the increasing connections
between the asset finance and invoice finance industries.
The new business will be headed by managing
director Andrew Ribbins, known for his work at lender and broker
Voss Finance, and has already established funding lines with
Siemens Financial Services and Singers Corporate Asset Finance.
UFG, which has offices in Manchester, Bristol and Tunbridge
Wells and is listed on the AIM stock market, also launched a trade
finance business in March.