Comments for factoring blog for news and views from the world of factoring

Comment on Non recourse factoring issues with bank owned factoring company by Mike

Mike — Wed, 01 Feb 2012 23:27:01 +0000

Hmmmm. I tend to agree. Non-recourse factoring is generally sold as an insurance style product. There is a premium and I cannot see why it should be contingent upon renewal. Big bank bully boys strike again……?

Comment on ABFA statistics for the third quarter of 2011 released today by Ian

Ian — Wed, 07 Dec 2011 14:38:20 +0000

As an example of what I meant by the large companies clouding the water there was an announcement in today’s press that NWF Group had secured a £44m invoice discounting facility with RBS.

To put this in context an SME turning over £1m would be likely to have a factoring facility of £125,000 and therefore one single facility like that of NWF equates financially to 360 SME’s turning over £1m each

Comment on Business Money Dinner by Julian

Julian — Fri, 11 Nov 2011 08:38:29 +0000

Good news, the Australian sparkling White (available in all good spar shops £3.99) also known as champagne now safely in the school Christmas raffle

Comment on Interesting factoring statistics from the ABFA by Ian H

Ian H — Mon, 01 Aug 2011 15:03:47 +0000

Interesting analysis. Certainly the clients I am speaking with are cash strapped and frustrated with existing lenders not generating the cash they had promised.

The market feels very tight with an increase in the numbers of brokers and lenders increasing their own marketing activity.

There also seems to be a lot of caution which manifests itself in indecision.

As such I would agree the ABFA interpretation is slightly rose tinted.

Comment on Cattles in the news again by Ian

Ian — Thu, 07 Jul 2011 15:33:54 +0000

I understand that this is just a strategic investment and the investor isn’t interested in acquiring control

Comment on Cattles in the news again by Ryan Burns

Ryan Burns — Thu, 07 Jul 2011 07:35:27 +0000

is there a bid on the way for Ultimate. One shareholder now controls 20% of the company

Comment on Business Money gone bust ??? by Ian

Ian — Thu, 30 Jun 2011 14:50:58 +0000

Interesting comment spotted on Business Money’s website today:-

“Business Money was founded on the basis that good financial judgement is a skill that requires a blend of economic, market, legal and product knowledge.”

Comment on Business Money Dinner by Julian

Julian — Wed, 29 Jun 2011 08:14:19 +0000

I thought the comedian was ok – in parts. Highlight of the evening for me of course was winning the champagne raffle otherwise known as the australian sparkling white wine found at the back of a cupboard raffle

Comment on Factoring brokers and the internet by Ian

Ian — Mon, 13 Jun 2011 11:07:49 +0000

I was looking at another website this morning where they specialise in obtaining online quotes from a range of factoring companies and according to the site the list of companies that they deal with include London & Scottish, GMAC and RDM Factors

Comment on Save money and use a factoring broker by Ian

Ian — Wed, 27 Apr 2011 15:07:53 +0000

Thank you Andrew. All one has to do to find a trustworthy factoring broker is to look under the Contact details in the right hand margin