Appointment a reflection of focus on geographical expansion.
19 July 2017: Factor 21, a leading invoice finance provider, has appointed Richard Walker as its Regional Director - Scotland. Walker will be responsible for developing Factor 21’s presence in Scotland as the firm pursues a geographical expansion strategy following a successful MBO in 2016.
Richard will oversee the development of a new client operational centre based at West George Street, Glasgow. The appointment comes at a time when Scotland’s business community has gradually had to come to terms with the fact that political uncertainty, both domestically and internationally, seems to be the new norm. Factor 21 believe that Scott...
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The management team, led by David Tilling, Neal Errington and Darren Cottenden have successfully completed a management buyout of Factor 21, a leading independent invoice finance facility provider serving the SME market.
The team secured a £9 million investment from Mobeus Equity Partners and a new £50 million debt financing facility from RBSIF to complete the transaction and provide additional funding to back its exciting growth plans.
Business Money’s review of the Invoice Finance Industry placed Factor 21 in second place among the UK’s leading 20 providers.
In a wide ranging review of professional intermediaries’ responses to questions covering reaction to introductions, approval time and client relationships, Factor 21 were ahead of all of the Clearing Bank owned Factors and scored heavily in all three categories.