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Home > Business/Finance > Financial Services > Electronic Transactions
Factoring & Invoice Discounting: Market Report 2003
| This report examines the factoring and invoice discounting market in the UK. The market is extremely healthy; the numbers of both clients and providers of finance are increasing and the levels of borrowing are rising. In spring 2003, the industry was in a bullish mood with high hopes for the rest of the year and optimistic expectations for 2004 and beyond.
Key Note estimates that the market for factoring and invoice discounting in the UK and Republic of Ireland was worth £116.04bn in 2002. In value terms, invoice discounting takes a major share of the market and is showing the fastest growth, but the number of factoring clients remains high.
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