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Factoring & Invoice Discounting: Market Report 2003

Product Type: Market Research Report
Published by: Key Note Publications Ltd
Published: July 2003
Product Code: R310-1026
Description
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.

Table of Contents


Executive Summary
1. Market Definition

Report Coverage
Market Sectors
Table 1: Fda Members’ Client Turnover From Factoring And Discounting In The Uk
And The Republic Of Ireland By Sector (%), 1998-2002
Domestic Factoring
On A Continuing Basis
Recourse Factoring
Non-Recourse Factoring
Invoice Discounting
International Factoring And Discounting
Market Trends
Growth Exceeds Expectations
The Rise And Rise Of Invoice Discounting
Broadening The Clientele
Competition
Asset-Based Finance
Economic Trends
Population
Table 2: Uk Resident Population By Sex (000), Mid-Years 1998-2002
Gross Domestic Product
Table 3: Index Of Growth In Uk Gross Domestic Product
At Current Prices (Index 1995=100), 1997-2001
Inflation
Table 4: Uk Rate Of Inflation (%), 1998-2002
Unemployment
Table 5: Uk Unemployment Rate And Actual Number Of Unemployed Persons
(% And 000), 1998-2002
Market Position
The Uk
Overseas
2. Market Size

The Total Market
Members Of The Factors & Discounters Association
Table 6: Fda Members’ Client Turnover From Factoring And Invoice Discounting
In The Uk And Republic Of Ireland, And Their Total Number Of Clients
(£Bn And Number), 1998-2002
All Companies
Table 7: The Estimated Market For Factoring And Invoice Discounting In The Uk
And Republic Of Ireland By Sector By Value (£M), 1998-2002
By Market Sector
Table 8: Fda Members’ Client Turnover From Factoring And Invoice Discounting
In The Uk And The Republic Of Ireland By Sector (£Bn), 1998-2002
Domestic Factoring
Table 9: Fda Members’ Client Turnover From Domestic Factoring In The Uk
And The Republic Of Ireland (£Bn), 1998-2002
Domestic Invoice Discounting
Table 10: Fda Members’ Client Turnover From Domestic Invoice Discounting
In The Uk And The Republic Of Ireland (£Bn And %), 1998-2002
International Factoring And Discounting
Table 11: Fda Members’ Client Turnover From International Factoring
And Discounting In The Uk And The Republic Of Ireland (£M), 1998-2002
Factors Affecting The Market
Payment Period In The Uk Economy
Table 12: Average Payment Period In The Uk (Number Of Days), 1998-2003
Prepayments
Table 13: Total Factoring And Discounting Prepayments In The Uk
And The Republic Of Ireland (£Bn), 1998-2002
Leasing And Hire Purchase

3. Industry Background

Historical Background
Recent Developments
Number Of Companies
Table 14: Members Of The Factoring And Discounting Industry’s Principal Trade
Association In The Uk And Their Client Turnover (Number And £Bn), 1985-2002
Industry Synopsis
Employment
Regional Variations
Distribution
How Robust Is The Market?
Legislation
Key Trade Associations
Factors & Discounters Association
Institute Of Credit Management
Credit Management Research Centre

4. Competitor Analysis

The Marketplace
Market Leaders
Table 15: The Uk’s Top Ten Factors And Discounters By Estimated Advances (£M), 2003
The Royal Bank Of Scotland Commercial Services Ltd
Lloyds Tsb Commercial Finance Ltd
Barclays Bank Plc Sales Financing
Hsbc Invoice Finance (Uk) Ltd
Gmac Commercial Finance Plc
Nmb-Heller Ltd
Ge Commercial Distribution Finance
Euro Sales Finance Plc
Bank Of Scotland Cashflow Finance
Bibby Group Of Factors Ltd
Marketing Activity
Table 16: Main Media Advertising Expenditure By The Uk Factoring And Invoice
Discounting Industry (£000), 2001 And 2002

5. Strengths, Weaknesses, Opportunities And Threats

Strengths
Weaknesses
Opportunities
Threats

6. Buying Behaviour

The Customer Base
By Turnover
Table 17: Fda Members’ Customer Base For Factoring And Invoice Discounting
By Company Turnover (% Of Clients), 2000 And 2002
By Economic Activity
Table 18: Fda Members’ Customer Base For Factoring And Invoice Discounting
By Economic Sector (% Of Clients), 2000 And 2002
Concerns Of Small Businesses
Table 19: The Principal Problems Affecting Small Businesses (% Of Businesses), 2001
Financial Needs
Table 20: Breakdown Of Fda Members’ Clients By Turnover
(% Of Clients And % Of Advances), 2002
Other Factors

7. Current Issues

State Of The Market
A Buyer’s Market
The Brumark Factor
Late Payment Problems
Late Payment Act

8. The Global Market

Introduction
The European Market
Table 21: The European Market For Factoring And Invoice Discounting By Country
By Turnover (€M), 2000-2002
The World Market
Table 22: The World Market For Factoring And Invoice Discounting By Region
By Turnover (€M), 2000-2002
The World’s Largest Markets
Table 23: The World’s Ten Largest Factoring And Invoice Discounting Markets
By Country By Turnover (€M), 2000-2002
Market Sectors
Table 24: World Turnover Of The Members Of Factors Chain International
(€M), 2000-2002

9. Forecasts

Economic Outlook
Table 25: Uk Economic Forecasts For Population, Gross Domestic Product, Inflation
And Unemployment (000 And %), 2003-2006
Forecasts 2003 To 2007
Table 26: The Forecast Market For Factoring And Invoice Discounting In The Uk
And Republic Of Ireland By Sector By Value (£M), 2003-2007
Market Trends
Branding
The Enterprise Act
Eu Insolvency Regulations
10. Company Profiles

Bibby Group Of Factors Ltd
Gmac Commercial Finance Plc
Hsbc Invoice Finance (Uk) Ltd
Lloyds Tsb Commercial Finance Ltd
Nmb-Heller Ltd
The Royal Bank Of Scotland Commercial Services Ltd

11. Further Sources

Associations
Publications
Bonnier Information Sources
Government Publications
Other Sources

Key Note Research

The Key Note Range Of Reports


Ordering and More Information
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