I guess that it’s been pretty much the sort of year that we all expected, with the factoring industry as a whole pedalling hard just to stand still. According to the ABFA statistics the total number of companies using factoring … Continue reading
The annual Business Money Dinner is always a good time to meet up with old friends and make new ones and last night’s do in Birmingham was no exception. The food and comedian were dreadful but they were amply made … Continue reading
More and more supposed factoring brokers are using the internet to attract customers. Unfortunately this means that anyone with some web design skills can throw together a site and try and generate some factoring leads but it can’t be in … Continue reading
Shares in Ultimate Finance were suspended this morning subsequent to an announcement that talks were well down the road leading to a reverse take-over of another factoring company. Needless to say the wires have been hot with speculation today and … Continue reading
I like to think that the major advantages of using the services of a specialist factoring broker like myself is that many of the factoring companies don’t perform as well as they claim and I know the market sufficiently well … Continue reading
It has been well known for a while that Davenham were in serious trouble and they have been pretending to lend recently rather than actually doing so. The staff were told to expect a decision on the company’s future by … Continue reading
Apologies for not updating the blog recently which was in part due to an extended vacation thanks to yet another misfortune emanating from Iceland plus the fact that there doesn’t seem to be anything of interest happening in the factoring … Continue reading
It’s been quite a busy year with several small factoring companies either going bust or being taken over or both and with all existing factors finding it tough going. I would imagine 2010 to see much of the same with … Continue reading
A couple of months ago there was a rather “interesting” factoring case doing the rounds being a restart of a printing company that had gone bust defrauding Lloyds TSB in the process with loads of fresh air invoicing and as … Continue reading
It has now been confirmed that the factoring book of GMAC Commercial Finance has been put up for sale as the parent company looks to pull out of UK operations entirely. This is rather sad as those of us who … Continue reading