What a day to start blogging about the world of factoring and invoice discounting with the major UK banks in complete disarray having had to go to the Government, begging bowl in hand due to the complete failure of their lending policies over the past few years.

If it weren’t bad enough that the parent companies of Royal Bank of Scotland Commercial Finance, Lloyds TSB Commercial Finance and Bank of Scotland Cashflow Finance are now part Government owned we also have the situation where one of those banks is heavily involved in the funding of many of the major independent factoring companies too so we don’t know what the future holds for them either.

Ian