Aaron Hughes

Invoice finance returns to growth in H2 2018




Invoice finance and asset-based lending returned to growth in 2018, according to Equiniti Riskfactor.

The analytics software provider found that these categories had returned to growth in the second half of 2018 following analysis of UK Finance’s industry statistics.

After two consecutive quarterly declines in the first half of 2018, total advances at the end of December 2018 totalled £22.7bn, up over £100m on the previous quarter and up 2.4% on the previous year.

Aaron Hughes, managing director at Equiniti Riskfactor (pictured above), said: “Invoice finance plays a critical role in giving growing companies cash flow and allowing them to reinvest this capital back into their business as quickly as possible.

“It is, therefore, unsurprising that it continues to be regarded as the optimal way of funding business growth as the lending is directly linked to, and secured on, their customer’s sales ledger.

“The economic uncertainty and market volatility over the past year has been well documented, but after a little wobble at the start of the year it is promising to see businesses are still prepared to take advantage of this borrowing.”

Sign up to our newsletter to receive more news like this story

I accept that by joining the B&C mailing list, I will receive relevant news and promotional material via B&C on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment