As availability and lending criteria for relationship credit remain increasingly stringent in Europe, this has been outlined as the first time that the aggregated invoice finance market has been analysed as a single entity. This survey analysed all suitable criteria including trade receivables securitisation, factoring and invoice discounting, supply chain finance, and a range of other invoice-based finance strategies.
Indeed, Demica’s new research reveals that the aggregated European invoice finance market was estimated to be worth £892 billion in 2011 compared to £811 billion in 2010. The figure was just £690 billion in 2009. The latest figures constitute a compound annual growth rate of over 10% meaning that the industry as a whole is actually sitting rather pretty considering the dire state of the British economy and indeed, the Eurozone as a whole.
Individuals looking for updates on this story and all the other relevant news articles in the finance and accountancy sector are advised to visit www.targetbusinessassist.co.uk. The site contains a whole host of helpful categories, not least regarding the invoice factoring concept.