Cattles Invoice Finance

Cattles has said it is in advanced talks to sell Cattles Invoice Finance, following months of speculation over the deal.

The sub-prime lender confirmed that it is in "advanced negotiations with a preferred purchaser" of Cattles Invoice Finance, it said in a statement issued this morning that it will make a further announcement when appropriate.

The factoring and invoice discounting firm has been up for sale for several months and it is understood that Cattles had planned to sell the business by the end of the year.