Factoring Industry Still Growing Strongly

Factoring Industry Stats

Factoring and invoice discounting companies advanced more than £13billion in the first quarter of 2007 with close on 48,000 UK companies now using this method of finance.

Manufacturing has historically been the largest industry sector in the 40 years that factoring has been around in the UK but it has finally been overtaken by service industries and although there is no further subdivision published it would be our guess that recruitment agencies would be the largest sub-sector.

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