Potential Finance Group plc, the UK finance company, says the benefits of a recent restructuring of operations first outlined last year, have been encouraging and are reflected in an improved trading performance.
The commercial finance specialist said in a statement to the London Stock Exchange yesterday, that although the factoring industry remains highly competitive, it has been exploring new niche areas to the service and this will further improve the company's performance.
“PFL's approach is to examine areas of business which are not currently exploiting the benefits factoring companies can offer and to focus on providing the services they need. This has generated significant interest. With a highly efficient and professional operations team, the Board believes that PFL can only strengthen its position.”
Potential Asset Finance, the group's recently established subsidiary, has continued to perform ahead of expectations, the company said.
