Motor repair factoring company believed to have collapsed
A factoring company for motor repairers is understood to have collapsed through lack of funding. In...
A factoring company for motor repairers is understood to have collapsed through lack of funding.
Insurance Age reported (September, 2004) that the start-up, called Cashflow4U, was on the verge of collapse when its Gibraltan based investment arm - Fidecs, pulled the plug on the original £1m deal.
The set up, which supplied pre-funding to repairers, was also understood to have experienced severe problems with its back-office administration, provided by Rubicon, according to market sources close to
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