Postive Cashflow acquired by 1pm in £9m deal
Factoring and invoice discounting provider Positive Cashflow Finance 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 Birmingham and Manchester.
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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