Shares in the invoice finance company Ultimate Finance were suspended this morning. This is apparently due to a reverse takeover.

This is where a private company looks to acquire the shares of a Plc so it can control the board. It typically allows them to merge and enjoy Plc status without going through all the red tape of becoming a plc.

Various rumours are circulating as to which company is looking to do the reverse takeover.

It will be interesting to see what happens.