Skipton Business Finance Limited, the factoring and invoice discounting subsidiary of Skipton Building society, has released its figures for the period 11 July 2000 to 31 December 2001.
The company, which has been trading since July last year, reported a loss in profit before taxation of Ј387,779 on a turnover of Ј35,266. Losses in the first year of trading is expected of a new factoring company.
Skipton Business Finance Limited (SBF) is a Factoring and Invoice Discounting Company which provides businesses in the North of England with working capital support.
BCR
