This week saw the release of statistics for the factoring and invoice discounting markets for the final quarter of 2011 which meant that the picture for the whole of the year is now available. It would seem that yet again … Continue reading
Small Business Finance Directory has been launched in an orgy of self promotion with almost every online magazine carrying stories about this joint venture between National Association of Commercial Finance Brokers (NACFB) and Finance and Leasing Association (FLA) and the Asset … Continue reading
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
Another quarter has passed and right on cue the ABFA have released the latest statistics supplied by their factoring company members along with their usual misleading press release. The ABFA claim that “UK and Irish firms are increasingly opting for … Continue reading
The Asset Based Finance Association (ABFA) has recently released statistics relating to the factoring and invoice discounting market for the first quarter of 2011 which show some growth in the overall marketplace but it’s the accompanying press release that I … 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
The long running saga of the sale of Cattles Invoice Finance has at last been announced with the purchasor being the private equity house AnaCap Financial Partners LLP who have been lurking in the wings for quite a while. Whilst … Continue reading
As most industry insiders are aware a large number of independent factoring companies are funded by the big banks by means of back to back facilities. It occured to me that it’s possible that some of the 35 companies with … Continue reading