UPS Capital, part of the UPS Logistics Group, is to set up a European factoring network which should be operational by the beginning of October 2000.
The network is to be headed by Ben Hosh, former Managing Director of Griffin (now HSBC) and of Anglo/Secpac Factoring Services Limited. Its UK division, based in Brighton, will be led by Andrew Gale, also formerly of Griffin, of Anglo/Secpac and more recently, of First National. David Smart who has worked for Hill Price Davison will act as Credit Manager.
The UK division of the new factoring network will offer factoring, invoice discounting and trade finance services and will consider clients with a minimum turnover of Ј100,000. Start ups will be considered as well, provided that they meet the minimum turnover requirement.
The UK office is to be found at:
Queens Square House,
15 Queens Square,
Brighton, BN1 3FD,
Tel: 01273 470100
BCR Publishing
