ABFA News

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UK businesses secure record amount through invoice finance - breaks GBP 20bn barrier for first time

5 September 2016
Record £6.9bn driven by 18% rise in big business usage Of asset based finance in the UK & Ireland. Concerns over Brexit raises importance of diversifying funding sources
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Construction companies hit hardest by growing waits for payment. Delays increase by 22% in just a year

22 August 2016
Construction companies waiting three weeks longer than last year to get paid. Construction companies represent 17% of all corporate insolvencies.
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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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