Postive Cashflow acquired in £9m deal
Manchester-based Positive Cashflow Finance – a factoring and invoice discounting provider – has been acquired by AIM-listed 1pm in a £9m deal.
Positive Cashflow provides invoice finance facilities between £10,000 and £1m to businesses across a broad range of industries and has more than 190 customers, employing 24 staff at offices in Manchester and Birmingham.
Its management team, led by David Smith, will continue to manage the day to day business within Bath-based 1pm Group following the acquisition.
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