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
As usual there are a great deal of statistics that actually say very little as the 251 clients with annual turnovers in excess of £100m per annum obscure the wood quite well. The overall number of companies using either factoring … Continue reading
Well it is according to a press release sent out to all and sundry by Simply Business. Apparently they are seeing “an increase in small businesses seeking alternative sources of credit such as invoice discounting and factoring as banks refuse … Continue reading
The word on the grapevine is that the banks are becoming increasingly nervous about many of their invoice discounting facilities in these recessionary times and their nerves are showing in the amount of Independent Bank Reviews that are being performed … Continue reading
The managing director of Mandor Engineering was complaining in the Financial Times a couple of days ago that the banks were being unhelpful and wouldn’t lend to his company unless via invoice discounting which would cost more. He then went … Continue reading
Factoring charges in the past have been driven down and down as one or two of the major bank owned factors have tried to buy market share at any cost. The activities of an internet lead generator with an automated … Continue reading
When reviewing the first half of 2009 I started by looking back at comments I made at the beginning of the year in connection with my expectations for the factoring market as well as general comments. My comment that “I … Continue reading
It seems that ANZ are the second major bank in Australia to pull out of the invoice discounting market following BankWest last year. This is despite increasing demand for the product and seems to be partly as a result of … Continue reading
Having a closer look at the ABFA statistics for the factoring and invoice discounting industry for the first quarter of 2009 I was struck by one seemingly insignificant statistic that the number of clients with annual sales in excess of £100m … Continue reading
The ABFA have recently published the factoring and invoice discounting statistics covering the first quarter of 2009. Whilst this shows a small decline in almost every area from numbers of clients to advances made it should come as no surprise in … Continue reading