Cubitt Trade Holdings, the parent of Pulse Cashflow Finance, which recently acquired Calverton Finance (and Calverton Business Support), is to change the Calverton Finance name to Pulse Cashflow, in a move designed to “align” the two UK-based cashflow finance businesses, Pulse Cashflow said in a statement.
Pulse Cashflow said the move “will complement our offering as we join together … As part of the move, Calverton Finance will be changing its name to Pulse Cashflow Finance (MK).
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“The combined business will fund businesses turning over £15m requiring funding facilities up to £2.5m, with a funding portfolio that covers:
- Invoice finance with inclusive bad debt protection –confidential and disclosed facilities
- Credit control and sales ledger management – disclosed and undisclosed solution
- and, coming soon, a new and improved range of payroll solutions designed to support recruitment businesses,” the statement said.
(The Calverton website 19 April 2021)
Toni Dare, managing director of Pulse Cashflow, added: “Aligning forces with Calverton is positive news as we work together to deliver a more comprehensive solution to the needs of UK businesses. As the UK moves forward on the road to recovery, businesses will be looking for funders willing to support them through uncertain times.
“Pulse Cashflow fund businesses based on the quality of the debt not on the strength of their balance sheet and are open to discussing opportunities that may present a more challenging deal to the mainstream lenders. This is positive news for our clients and our introducers as we work together to deliver a more comprehensive solution to the needs of UK businesses”.
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By GlobalDataDare (pictured below) concluded: “With a healthy level of funding available, we are looking forward to helping more SMEs realise their growth plans.”
Pulse Cashflow Finance Ltd, Pulse Invoice Finance Ltd and Pulse Factoring Finance Ltd are subsidiaries of Pulse Factoring Solutions Ltd, which is part of Cubitt Trade Holdings LLC, a UK-based speciality finance group.
