Upstream is part of London-based Cubitt Holdings LLC


As a result of this move, Upstream’s head office in Belfast, which celebrated its 10th anniversary this summer, became one of five independent financial firms operating as part of Cubitt Trade Holdings LLC in the UK and in Ireland.

Upstream Founder Judith Totten MBE said: “Over our 10 years in business, Upstream has been known to provide working capital to growth-oriented SMEs in Northern Ireland and, although this will continue to be an integral part of our offering, we are now in a position where we can support much larger corporate transactions for companies that may have relationships with the Bank, but need an additional line of funding , which can act as an innovative but integral part of the client’s overall financing program.

“This is a major development for Upstream. Through Cubitt Trade Holdings LLC, we will now pursue an aggressive growth program across the island of Ireland which will also include acquisitions if the right opportunities present themselves. “

Register now to our daily newsletter

The newsletter i cut through the noise

Upstream’s Judith Totten and Alan Wardlow

Judith Totten stressed that Upstream would retain its corporate DNA, name and indeed expand its Irish team as part of the deal: “Our message to our customers and to the market is clear: the overall structure of Our corporate identity, our brand will remain unchanged, and our board of directors and local operations team will continue in their current form. Our operating model will continue as before and there will be no disruption to our systems or our customers. We now simply have the freedom and support to scale up our growth plans across Ireland. The agility, flexibility and empathy our clients have always enjoyed will not change.

“Upstream has a stable, engaged and exceptionally well capitalized financing and equity partner, with a demonstrable appetite to grow and develop a bigger and stronger business across Ireland. We have partners who reflect and support our ambitions, and I hope we can help our existing and new customers even more than before.

Upline Sales Director Alan Wardlow added: “The landscape of SME and corporate finance is changing dramatically, and the impact of Brexit and the pandemic has accelerated these changes. For many companies, it is no longer a question of approaching a bank and looking for a simple overdraft or a term debt. Their needs are often much more complex than that and require a tiered funding approach if they are to maximize their working capital potential. In particular, Upstream will seek to finance the needs of the enterprise supply chain as well as its traditional invoice financing, on a stand-alone or end-to-end basis, thereby supporting the cash cycle from start to finish.

“With the post-pandemic economic recovery now starting to take shape and traditional banks taking a more cautious approach to lending, our new relationship with Cubitt means that we can truly meet our goal of enabling ‘fearless growth’ among businesses as a means of stimulating economic recovery across the island. “

A message from the editor:

Thanks for reading this story on our site. While I have your attention, I also have an important request for you.

In order for us to continue to provide high quality and reliable local news on this free-to-read site, I also ask that you purchase a copy of our newspaper whenever you can.

Our journalists are highly qualified and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. We therefore need your support more than ever to buy our newspapers during this crisis.

With the coronavirus lockdown having a major impact on many of our valued local advertisers – and therefore the publicity we receive – we are counting more than ever on you to help us bring you news and information by purchasing a copy of our log when you can safely.

You can also enjoy unlimited access to the best news from Northern Ireland and the UK by subscribing to

With a digital subscription, you can read more than five articles, see fewer ads, enjoy faster load times, and access exclusive newsletters and content. Visit now to register.

Leave A Reply

Your email address will not be published.