Yet more factoring statistics have landed across my desk, this time with the client numbers and turnovers split down by individual factoring companies and interesting reading they make too.

I have only looked at pure factoring figures as I believe that the stats including invoice discounting are heavily skewed by the small number of extremely large companies that have been included.

In terms of client numbers the factoring subsidiaries of the big four banks have 66% of the total clients but Bibby Financial Services with just over 20% market share in terms of client numbers is way ahead of any other independent leaving the remaining couple of dozen other independents scrapping over a 14% share.