Alliance & Leicester has announced its entry into the growing factoring market in partnership with Bibby Group of Factors. The new offering confirms A&L's commitment to extend the services it offers to businesses and marks another partnership following the recently announced link-up with Legal & General.
The new offering, aimed at small to medium-sized businesses, will trade under the name Alliance & Leicester Invoice Finance and will combine the brand strength and financial backing of A&L with the collections and sales ledger expertise supplied by Bibby Factors.
John Windeler, Executive Chairman of Alliance & Leicester said:
