London, February 22 2021 – 4Syte Ltd, an independent factoring and asset based lending firm based in Chelmsford, announced today that it has entered into an agreement with Barclays for the transfer of assets from the bank’s factoring portfolio.
The deal is a significant step in the growth of the 4Syte factoring business which has continued to thrive despite the pandemic.
“We are very pleased to have agreed the transfer of this factoring portfolio and are looking forward to welcoming a new set of clients into the 4Syte family” said Nick Sellars, Managing Director of the 4Syte Group.
Founded in 2016, the firm has a highly experienced service driven team providing specialist factoring services across all sectors (4Syte Funding) and have added a further speciality in funding businesses engaged in the Construction sector (4Syte Construction Finance).
The 4Syte Group now consists of four business pillars providing SMEs with the finance they need for working capital, cashflow, business expansion and debt consolidation.