Types Of Companies Using Invoice Finance
This is a breakdown of the type of companies that we found to be using invoice finance, during our Invoice Finance Recommendation & Advertising Survey – May 2015 (100 respondents).
Industry Sectors
The companies within our sample were concentrated within the following industry sectors:
- 25% – Manufacturers
- 7% – Labour hire and recruitment
- 6% – Freight transport and couriers
- 4% – Wholesalers
- 4% – Retailers
- 3% – Printers
- 3% – Mechanical engineers
Size Of Company
The respondents broke down into the following size and circumstance categories:
- 82% – Small companies
- 11% – Large companies
- 4% – Medium companies
- 2% – Companies subject to voluntary creditor arrangements
- 1% – Companies subject to winding up petitions
Number Of Employees
Only 14% of respondents had employee numbers available. Those that did ranged from zero to 357 employees.
Level Of Turnover
Only 15% of respondents had turnover levels available. Those that did had annual turnover that ranged from £502K to £134M.
Conclusion
This analysis of the composition of the companies using invoice finance shows that these product are used by a broad spectrum of companies. These range from small businesses without employees up to large companies turning over multiple millions each year and employing a significant work force.