Factor 21 to change name to Advantedge Commercial Finance

Factor 21, a leading invoice finance provider, have announced that they will be changing name to Advantedge Commercial Finance with immediate effect. The move comes as part of a strategic review following a successful MBO by the directors of the business in November 2016.

With the SME market still struggling to gain access to flexible funding solutions, the business has set itself ambitious future growth plans which has already seen the business expand its geographical presence north of the border to Scotland in 2017.

The change of name and a new look for the business follows on from this and is part of their efforts to appeal to a wider audience of businesses looking for financial support.

As David Tilling, CEO of Advantedge comments:

“The name Advantedge was borne from our strong client service ethos. Everything we do is geared towards ensuring our clients’ business prospers. We work closely with them to ensure they have an ongoing and flexible supply of working capital to give their businesses the edge it deserves. UK businesses continue to find it difficult to access funding solutions and we will be focussing on rectifying this.”

Moving forward Advantedge have reinforced their commitment to becoming a leading provider of funding to UK SME’s by ensuring they can access a range of invoice finance solutions to support their business plans. Advantedge have seen a continuous period of growth and are currently providing £60m of funding support to UK businesses who are seeking flexible and competitive finance for their businesses.

As David concludes:

“This is positive news for our clients and UK businesses. Over the next few years, we have ambitious plans to continue investing in growth which will see the business expand its geographical footprint and introduce new products whilst continuing to provide the highest level of client service. We are excited about the future and supporting UK businesses to finance their growth ambitions.”