Following the coming together of Alex Lawrie Factors and Lloyds TSB Commercial Finance in January, factoring specialist Alex Lawrie is expanding its operations in Scotland under a new name. Alex Lawrie Scotland has opened in response to a growing demand for its services from the business community.
Ted Ettershank, managing director of Lloyds TSB Commercial Finance Ltd. commented: “The merger of Alex Lawrie Factors and Lloyds TSB Commercial Finance gave us the opportunity to review our products and markets. I realised we could focus our efforts better in Scotland by creating a distinct operating division to offer a broader range financial facilities to better support Scottish businesses.”
Alex Lawrie Scotland will now provide a single relationship point for firms looking to finance their business through factoring, invoice discounting and asset based finance. Essentially, these finance packages can be tailored to every stage of a company’s development.