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Compare Factoring are, as the name may suggest, here to assist you with all aspects of business, invoice factoring and of course, accountancy. As such, it is of paramount importance to ensure that we not only provide you with a fully comprehensive website but also the very latest news from the industry. With this in mind, we thought it prudent to bring some information about some goings on regarding invoice finance.
As is being reported in the mainstream media, invoice finance is becoming an increasingly significant source of working capital funding. This is according to new research from Demica.
As availability and lending conditions for relationship credit remain increasingly stringent in Europe, it is that it’s the first time that the aggregated invoice finance market has been analysed as a whole. This includes trade receivables securitisation, factoring and invoice discounting, supply chain finance, and a range of other invoice-based finance techniques. Surely music to the ears of anybody that has taken advantage of the great factoring products available here at Compare Factoring.
“Invoice finance is becoming an increasingly significant source of working capital funding.”
Indeed, Demica’s new research reveals that the aggregated European invoice finance market was estimated to be 892 billion in 2011 compared to £811 billion in 2010. The figure was just £690 billion in 2009. The latest figures constitute a compound annual growth rate of over 10% meaning that despite all the doom and gloom in the Eurozone – some financial markets do actually have something to shout about!
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