Increased use of invoice financing in UK have led to many major changes. This is mainly because of knowledge about flexible funding. This infographic presents top ten facts related to invoice finance.
Continued growth has been witnessed, for five quarters in the advances made through factoring and invoice distribution.
More than £ 200 billion was funded with the help of invoice finance facilities.
Advancing up-front to the clients increased from £13.6 billion to £15 billion between 2006 to 2010.
Invoice Finance Lending
Funding of cash increased by 22% during 2006 to 2010 period and the lending industry increased by 11%
In terms of clients, factoring is the major invoice finance facility.
18.894 businesses had factoring facilities by 2010.
Invoice discounting is the popular invoice finance in cash funding.
17.466 business had invoice discounting by 2010.
Nearly £180 billion cash was funded in 2010.
Manufacturing industry uses 31% of invoice finance facilities.