Top 10 spot for Coface?

Credit Management, Jul 2007

Coface Receivables Finance Limited has announced that it now provides over £100m of funds to businesses. It expects to be one of the top ten largest invoice discounters within the UK, following strong growth since launch in October 2004.

Coface's receivables finance arm was created to meet the funding requirements of businesses within the UK. As a global provider of credit management services, Coface provides funding, backed by its parent company Natixis, the international banking group.The company also has the ability to combine its receivables finance and credit insurance offerings to give UK businesses cash flow protection and versatile financing.

Russell Warner, Sales Director at Coface, commented: "With the introduction of our receivables finance service, Coface gained the advantage of being the sole provider in the UK to offer a complete range of credit management solutions including funding, credit insurance, business information and receivables management. We are therefore in the unique position of being able to provide a convenient solution for all the credit management needs of today's business."