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Ultimate Finance the AIM listed independent provider of invoice finance have developed new capabilities. They have added asset finance and trade finance to their portfolio of products.

The asset finance will allow Ultimate to help clients who are looking for additional finance against plant and machinery and other movable and durable assets.

Trade finance will benefit importers who can benefit from both the protection and cashflow advantages a letter of credit offers.

I am not sure that either products will be available as a stand alone product but suspect they will be offered in conjunction with their core invoice finance offering. It will alow them to raise more finance in some instances than their competitors and this can benefit clients.

It is always good to see lenders developing new capabilities as it enhances the market.

As a lender Ultimate have grown rapidly in recent years and their financial performance has improved recently – their share price have mirrored this. Despite a high turnover of sales staff they do seem to have stability in terms of their operations staff. In terms of client feedback it is generally good although I have encountered regional variances. These regional variances are being addressed from what I can see.

I will be interested to see how these new products are delivered both in terms of pricing and service levels and at the same time wish them luck.

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