ABFA News

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Amount of invoice finance received by UK small businesses up over 60% in a year

4 July 2016
The amount of finance advanced to the UK’s smallest businesses* through invoice finance jumped by over 60% in the last year**, reaching £711m up from £435m the previous year, says the Asset Based Finance Association (ABFA), the body representing the invoice finance and asset based lending industry in the UK and the Republic of Ireland.
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New Business Finance Guide key to addressing the information gap says the ABFA

15 June 2016
The new ICAEW Business Finance Guide – a journey from start-up to growth, is key to addressing the information gap as well as the finance gap for businesses across the economy says the Asset Based Finance Association, the body representing the asset based finance industry in the UK and the Republic of Ireland.
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Global Factoring Volume reaches all time high

27 May 2016
The global factoring market of €2,373 billion turnover in 2015 - up 1,4% on 2014 - was the highest figure ever recorded. With the highest regional growth seen in Europe of +6%.
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Irish companies using Invoice Finance grew sales turnover to EUR25.9bn in 2015

1 May 2016
Sales turnover generated by nearly 2,000 Irish companies using Invoice Finance reached €25.9bn in 2015, up two per cent on the same figure for 2014, the Asset Based Finance Association (ABFA) Annual Conference will hear in Dublin today. The ABFA is the body representing the Invoice Finance industry in the UK and Ireland.
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Factoring and Commercial Finance default rates up to 4x lower than bank lending

25 April 2016
Combining regular research from its Economics and Statistics Committee with the results of a confidential survey of eighty provider companies, The EUF has published its Whitepaper Report on the impact of the Industry in Europe.
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SME manufacturers forced to wait almost twice as long as larger rivals for invoices to be paid

18 April 2016
Smaller UK manufacturers are forced to wait nearly twice as long as their larger competitors for invoices to be paid, research from the Asset Based Finance Association (ABFA) shows. The ABFA is the body that represents the asset based finance industry in the UK and the Republic of Ireland.
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Factoring and Commercial Finance Supports Business in the EU

13 April 2016
Data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) indicates that in 2015, factoring and commercial finance volumes in the EU overall grew by over 5,4% to €1.47 Trillion.
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ABFA and Members proud to support this year's Business Show in London

1 April 2016
The ABFA and our Members are proud to support business growth at this years Great British Business Show on 11th 12th May in ExCel, London.
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