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News Story - 27th July - 2009
REGENCY MD ELECTED AS NEW CHAIRMAN OF ABFA
Regency Factors Plc are pleased to announce that Maurice Craft, managing director, has been elected as the new chairman of the Asset Based Finance Association (ABFA).
The Asset Based Finance Association (ABFA) formerly known as the FDA, is a UK based trade association representing an industry with forty years experience of supplying much needed liquidity to UK businesses. Its Members provide Factoring, Invoice Discounting and Asset Based Lending.
In his now role Maurice is keen to drive forward the industry and is particularly passionate about factoring and invoice finance companies assisting SMEs in the current economic climate.
He said; "It is a real honour to be elected as the chairman of the ABFA. The organisation's membership supports over 48,000 companies in the UK and it is this flexibility and guidance that will ensure that SMEs prosper through today's challenging market and succeed through the recovery of the economy."
Kate Sharp, chief executive officer of ABFA, said; "Maurice has been an active member of the ABFA for over 10 years. Throughout this time it is his passion and enthusiasm that has made him a great ambassador for the industry. I look forward to working with him closely over the next 12 months."