What is surprising is that six years ago Arbuthnot Banking Group sold their subsidiary factoring company, Arbuthnot Commercial Finance Ltd to Bibby Financial Services . Their return to the sector appears as a result their belief that the larger Banks are not really providing funding to the SME market and that there is now a new gap in the market for a new factoring company.
Whilst it is true that the mainstream Banks are not as active in the SME market as we would hope there are is now a considerable number of invoice finance companies offering a range of different products and services. Some are quite traditional whilst other are innovative. It will be interesting to see what Secure Trust will be offering that makes them different from the rest.