FDA – Factors & Discounters Association

FDA – Factors & Discounters Association

FDA – what is it good for (with apologies to Pink Floyd) Many brokers, introducers and accountants etc when discussing factoring will advise companies to select a factoring company that is a member of the Factors & Discounters Association which I find rather strange. The FDA is a trade association who’s prime function is “Promoting […]

Factoring Continues to Grow in UK

Factoring Continues to Grow in UK

SME Statistics and Factoring Statistics recently released by the UK factoring industry’s trade association show the continued growth in the receivables finance market in the UK with 43,000 companies using factoring or invoice discounting at 31st December 2005 and generating a combined turnover in excess of £160billion on an annualised basis. This steady increase in […]

High Street Banks – don’t you just love them?

High Street Banks – don’t you just love them?

Success Story failed by Factoring Subsidiary of High Street Bank Last week we had an enquiry from an importer and distributor of furniture who despite having a successful relationship for three years with the factoring subsidiary of a well known high street bank was now suffering from cash flow problems. Their crime was apparently that […]

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