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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ultimate Fin. | LSE:UFG | London | Ordinary Share | GB0031685414 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMUFG
Ultimate Finance Group PLC
14 June 2012
14 June 2012
Embargoed until 07:00
Ultimate Finance Group plc
("Ultimate Finance", the "Company" or the "Group")
Launch of Trade Finance Division
Ultimate Finance Group plc (AIM: UFG), a leading provider of financial solutions to SMEs, is delighted to announce the launch of its trade finance division with the appointment of two highly experienced senior managers who bring with them a number of immediate clients.
Mr. Maurice Ezekiel and Mr. David Riding have joined Ultimate Finance to head up the division. They each have a wealth of experience within SME lending and finance sectors; between them they have held senior level positions at Alliance Business Lending, Barclay's Bank, Stenham Plc and NMB-Heller Trade Finance Limited.
Jeremy Coombes, Chief Executive of Ultimate Finance, commented: "Trade Finance is a highly specialised field that is complementary to our range of financial solutions for SMEs. There is a huge demand for Trade Finance services among SMEs which currently is not being met in the market. We therefore see this launch as a huge opportunity.
"We are fortunate to have attracted high calibre individuals to head the division, who not only have a huge amount of high-level experience but also are bringing clients with them."
For further information please contact:
Ultimate Finance Group plc Tel: +44 (0)845 251 3030 Jeremy Coombes, Chief Executive Shane Horsell, Finance Director WH Ireland Tel: +44 (0) 117 945 3470 (Nominated Adviser and Broker) John Wakefield / Marc Davies Threadneedle Communications Tel. +44 (0) 20 7653 9850 (Financial PR) John Coles / Fiona Conroy
About Ultimate Finance Group plc
Ultimate Finance group is a leading provider of financial solutions to SMEs across the UK. The Company is headquartered in Bristol with regional offices in Manchester, Birmingham and Tunbridge Wells. Through its invoice finance and asset finance divisions it provides support to SMEs by funding their growth. As bank lending to SMEs is increasingly restricted in the current climate, the benefits of Ultimate Finance's flexible and fast-moving solutions become even more compelling.
The Company acquired Ashley Commercial Finance, an invoice finance company, in October 2010, which significantly broadened the Company's target market. This, alongside the facility of GBP34 million from Lloyds TSB Commercial Finance, provides a strong platform for growth.
The Company boasts an experienced management team coupled with a diverse offering of products and services now available to its clients, Ultimate Finance is well placed to capitalise on the increasing demand for finance for SMEs.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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