Manchester-based factoring and invoice discounting company City Invoice Finance has established a base in Wolverhampton to cover the West Midlands as part of its ongoing strategy to set up a national network covering the whole of the UK.
Damian Glover, who has been appointed to run the operation, has a wealth of financial experience gained at Yorkshire Bank where he worked in business banking for the SME market, organising loans and overdraft facilities as well as being involved in the relationship management side.
Commenting on his move, Damian said: "Invoice Finance is increasingly gaining a reputation as a real option for businesses looking to increase their working capital. It is a very flexible alternative to the bank overdraft and can be used to help improve the cash flow for a wide range of needs from business start-ups to companies looking for expansion either organically or by acquisition."
