Invoice discounting statistics

The ABFA has recently released it’s statistics for the half year ended 30th June 2012 and whilst many of the statistics are completely meaningless as they are skewed by the inclusion of companies turning over in excess of £100m there are one or two hidden gems.

The number of companies turning over in excess of £50m using invoice discounting dropped from 573 to 559 ( a drop of 14) whilst the amount of funds advanced to the same clients increased by £621m

Unless my logic is wrong it would imply to me that the much larger discounting clients are finding their cash flows coming under increasing pressure and they are using up much more of their facilities than previously