New factor in Wales about to break Ј10m barrier


Eurofactor Wales is experiencing strong customer growth since opening its Welsh operation earlier this year. EuroFactor Wales is part of the Credit Lyonnais & Euler Hermer group.

Tonight sees the official opening of the branch at a function at St David's Hotel & Spa.

Although the invoice financier opened for business in the summer, the team - headed by director Kelvin Thomas - is close to breaking through the Ј10m mark of advanced payments to customers.

Mr Thomas said, "The response we've had to date has been extremely positive, we're about to break the Ј10m barrier for funds advanced to clients in Wales, with another Ј4.5m close to fruition. In such a short time span, this is very positive.

"What has been so encouraging, though, is the source of enquiries, spread between the clearing banks, accountants, specialised brokers and solicitors."



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