The latest statistics and figures from the ABFA (Asset Based Finance Association) for the quarter ending December 2011 show total advances against pure invoice finance against debt growing by some 7% over the year. Over the year domestic and export factoring and invoice discounting client numbers across the ABFA have also ticked up by 270 clients equivalent to c. 0.7% growth. Unfortunately, the quarter shows a reduction in overall client numbers amongst the ABFA’s membership of 76 clients.
Fortunately, as a brokerage we are still managing to significantly outpace the industry in terms of our own growing client numbers – we saw a 10% increase in the volume of invoice finance clients taken on last year against the previous year.