- 16 Mar
Annual Growth In ABFA Client Numbers Masks Quarterly Reduction
The latest statistics and figures from the ABFA (Asset Based Finance Association) for the quarter ending December 2011 show total advances against pure invoice finance against debt growing by some 7% over the year. Over the year domestic and export factoring and invoice discounting client numbers across the ABFA have also ticked up by 270 clients equivalent to c. 0.7% growth. Unfortunately, the quarter shows a reduction in overall client numbers amongst the ABFA's membership of 76 clients.
Fortunately, as a brokerage we are still managing to significantly outpace the industry in terms of our own growing client numbers - we saw a 10% increase in the volume of invoice finance clients taken on last year against the previous year.