Launch of Ultimate Trade Finance Limited

 

TIDMUFG 
 
 
Ultimate Finance Group PLC 
24 March 2010 
 
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                                                                   24 March 2010 
 
                           Ultimate Finance Group plc 
 
              Launch of Ultimate Trade Finance Limited to enhance 
                      services to current and new clients 
 
Ultimate Finance Group plc ("Ultimate"), the AIM-quoted factoring, invoice 
discounting and financial solutions provider to the SME sector, announces the 
establishment of a new subsidiary, Ultimate Trade Finance Limited ("UTF"). 
 
UTF will provide trade finance to small and medium-sized businesses, to assist 
with the purchase of finished goods. To minimise risk to clients and UTF, all 
goods will be purchased against confirmed orders. 
 
While the new service is designed primarily to help fulfilment of companies with 
their import financing requirements, UTF will be able to assist its clients with 
the purchase orders, whether import, export or domestic. UTF will provide both 
financial products and additional specialist services, such as shipping and 
delivery services and goods inspections. 
 
UTF will be financed by a new facility with Lloyds TSB Bank Plc. 
 
Richard Pepler, Chief Executive of Ultimate Finance Group plc, said: "UTF 
underlines the Company's strategy of identifying and implementing effective, 
innovative ways to meet the needs of current and prospective clients, some of 
whom are currently denied access to traditional forms of funding. We are 
particularly pleased to extend our existing relationships with Lloyds in this 
way." 
 
Further information: 
Ultimate Finance Group plc: 
+-------------------------------+---------------------------------+ 
| Richard Pepler, Chief         |            [phone] | 
| Executive                     |                                 | 
| [e-mail] |                                 | 
+-------------------------------+---------------------------------+ 
| www.ultimatefinance.co.uk     |                                 | 
+-------------------------------+---------------------------------+ 
 
 Media enquiries: 
 Allerton Communications 
+-----------------------------------+---------------------------------+ 
| Peter Curtain                     |            [phone] | 
| [e-mail] |                                 | 
+-----------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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