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Marketplace
It is widely acknowledged that the factoring and invoice
discounting market in the UK has grown at a phenomenal rate over
the past decade. The latest statistics provided by the Factors &
Discounters Association (FDA) for the year ended 2000 show :-
- Members overall turnover up 18% to £77 billion
- Number of Clients increased by 9% to 28,532
- Total funds provided up 26% to £6.24 billion
- Over 50% of Clients had a T/O of less than £500k
- An increasing number of Clients had a T/O in excess
of £5m
The figures above demonstrate that sales linked finance
plays an ever increasing role in the funding of the UK SME market,
at the expense of more traditional facilities such as bank overdraft.
Whether it is a business start-up projecting a turnover
of £50k in its first year or an established company with a turnover
in excess of £50m, it is more than likely that they will now consider
Factoring or Invoice Discounting to fund their cashflow requirements.
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