Delta Trade Finance hits the rocks
Boutique China-focused factoring firm Delta Trade Finance has run into challenges, with some sources claiming the firm has stopped trading all together.
The firm’s main London contact number is no longer working and a person speaking for the firm refused to speak to the press when contacted by GTR.
The firm began trading in 2010 and is headed up by ex-RBS head of trade and supply chain Lionel Taylor.
It had offices in London, New York, Los Angeles and China and was one of the few firms to boast a factoring licence in China.
The move comes at a time when Delta Trade Finance’s group chief executive and main shareholder Paul Taylor has begun winding down his Delta operations, including his corporate finance and real estate business Three Delta.
Taylor told UK trade magazine Estates Gazette that the decision to wind down Three Delta was voluntary and not driven by adverse factors such as debt.
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