London's Oxygen Finance expands in the North with new Oldham office

A London-headquartered finance company has expanded in the North West with the launch of a new base in Oldham.

Oxygen Finance Ltd has established an office in Earl Business Centre, a former cotton mill dating back to 1860, in an effort to reinforce its relationships with existing clients in the North and Scotland.

The firm’s director of client solutions, Simon Whittle, said: “We currently work with a number of local authority clients in the North of the country and until now had several employees working remotely to manage those relationships.

“As Oxygen continues to grow, it makes sense to establish a base in the North and as Oldham Council were our first client, it seemed natural for us to reinforce our commitment to Oldham by sourcing our new premises via the Council.”

He added: “The office works really well for us and gives us greater opportunities to expand further in the North.”

Oxygen Finance specialises in helping businesses tackle late payments and is currently working with a number of local authorities, including in Warrington, to provide automated early payment programmes.

Client solutions director Simon continued: “We have employed three new members of staff locally since the start of the year and the new office will help us manage relationships with our existing Northern based clients more effectively.”

The firm said Oldham Council was the country’s first public body to implement an early payment programme. Since then, almost 300 suppliers have signed up, according to Oxygen.

The company’s chief executive, Roberto Moretti, said: “Late payments to local suppliers have a real impact on business communities, and we believe that local authorities are in a unique position to help the situation by accelerating payments and ensuring their suppliers maintain a solid cashflow.”

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