Financial Services >> CEO Interviews >> April 2, 2001
LAURENCE RUTTER is the Co-founder and Chief Executive of Potential
Finance Group Plc. He has 15 years of experience in the factoring
industry. Before leaving to found the company, Mr Rutter was joint
managing director at Singer & Friedlander Factors Limited, where he had
built up its factoring business with Hugh Craen from 1994 and, prior to
that, he was at Alexanders Discount Plc from 1985. At Alexanders
Discount Plc, Mr Rutter initially worked for the managing director in
the Bill Discounting department as part of a team lending GBP100 million
against Inland Bills as security to a customer base of approximately
350, before assisting Hugh Craen to set up the debtor finance division
in 1986. From 1983 to 1985 Mr Rutter was a general cashier at Lloyds
Bank Plc in Frinton-on-Sea. In 1996 and 1998, Mr Rutter was involved in
structuring the management buy-ins of distribution companies FW Hipkin
Limited and JC Graphics Limited, and currently holds non-executive
directorships on the boards of both companies. Profile
Group: what is its core business?
Mr. Rutter: The business was formed in July 1999. We started trading on
26th October
