In 1987, David Morrison founded Morrison Financial. A lawyer with a background in corporate and commercial transactions, he regularly saw a need for small to medium-sized companies (SMCs) to have easier and faster access to financing. SMCs in situations of rapid growth or distress often found that their trade accounts receivables were generally considered illiquid by conventional banks and available funding was often inadequate for these companies to quickly and efficiently capitalize on opportunities. David saw the need to help SMCs access alternative ways to manage their working capital and this in turn led to the development of Morrison Financial.
While the original goal of Morrison Financial was to provide advance funding against accounts receivables, the company has grown (along with many of its clients) from strength to strength. Since its founding, the company has evolved into the Morrison Financial Group of Companies, and offers a wide range of flexible and customizable financial services to serve a broadly diversified client base.