Ultimate Finance Group Plc have today announced that they have acquired Ashley Commercial Finance. Both are independent providers of invoice finance with Ashley firmly targeting the smaller end of the SME market.
They will trade as two seperate brands and Ashley will keep the same management team. However, to add value and reduce costs I am sure there will be some rationalisation going forward.
Ultimate Finance had their shares suspended a couple of weeks ago as they were going through this ‘reverse takeover’. It is termed a reverse takeover because Ashley are in fact the larger entity.
I have longstanding clients with both Ultimate Finance and Ashley Commercial Finance so they can deliver good service levels.
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Ultimate Finance squeaky clean? Not so, check out this link:-
http://ultimatefinanceplc.blogspot.com/2011/01/acs-illegal-activity-just-gets-better.html
and as to the illegal file sharing scam mentioned in the above link it’s ACS Law in cahoots with Ultimate Finance that gives money to bankrupts. This story has many twists and turns, it’s worth some time investigating it.
Rajan
PS. Email me if you need some pointers……