http://www.glennblackman.co.uk Glenn Blackman’s Invoice Finance, Factoring & Invoice Discounting Blog Fri, 03 Sep 2010 08:13:17 +0000 http://backend.userland.com/rss092 en We are talking to a business that has been turned down and refused an overdraft by one of the high street banks as the business does not have any assets the bank will consider as security for an overdraft. This is a typical example of a small business that is not ... http://www.glennblackman.co.uk/factoring-invoice-discounting/the-funding-alternative-if-refused-an-overdraft/ The research that we have published in the past demonstrated that 41% of SMEs thought that cost was the biggest reason for businesses not taking up invoice finance. Our research has also revealed that 100% of SMEs think that the availability of business finance has reduced over the last year ... http://www.glennblackman.co.uk/research/finance-cost-is-the-biggest-issue-that-is-being-addressed-by-some-invoice-finance-companies/ Notification has just been received that Absolute Invoice Finance (formerly known as Cattles Invoice Finance) have rebranded once again as Aldermore Invoice Finance, a division of Aldermore Bank PLC, who acquired the business last year. http://www.glennblackman.co.uk/news/absolute-invoice-finance-rebranded-as-aldermore-invoice-finance/ The UK Invoice Finance Research group on Linkedin now has 46 members and I have already posted up some of the research that we have conducted into the UK market. More research results will follow together with new studies that we are undertaking at present. Please visit www.linkedin.com sign up to Linkedin and ... http://www.glennblackman.co.uk/factoring-invoice-discounting/research-results-posted-to-linkedin-uk-invoice-finance-research-group/ Last night I created a group on Linkedin called "UK Invoice Finance Research" group which already has 22 new members! The purpose of the group is to share research findings relevant to invoice discounting in order to aid the expansion of the market. Initially I will update it with some of ... http://www.glennblackman.co.uk/research/uk-invoice-finance-research-group-launched-on-linkedin/ We have noticed a number of new prospects recently mentioning pressure from the HMRC for the repayment of outstanding VAT arrears as the reason for seeking factoring or invoice discounting. In addition, half of those that mentioned VAT arrears also said that they had received a letter from HMRC advising ... http://www.glennblackman.co.uk/factoring-invoice-discounting/vat-arrears-repayment-pressure-rises-amongst-prospects/ I have just written a piece for the Commercial Finance Today publication titled: "The Prize - The Potential Size of the UK Invoice Finance Market" that attempts to size the potential target market for invoice finance in the UK if some of the issues I set out in my last ... http://www.glennblackman.co.uk/news/how-big-could-the-invoice-finance-market-become/ We are always on the lookout for the best factoring deals for our clients. The "best deal" doesn't always mean the cheapest rates but in some cases that is the primary criteria by which a prospective client wants to compare factoring companies and offers. We have just established a relationship with a new ... http://www.glennblackman.co.uk/factoring-invoice-discounting/factoring-service-charges-from-just-2000-per-annum/ Statistics from the ABFA (Asset Based Finance Association) for the first quarter of 2010 show that their members recorded an overall net decrease in client numbers of 347 during the quarter. These figures include members clients using the following products: domestic factoring, domestic invoice discounting, export and mixed export & domestic, import ... http://www.glennblackman.co.uk/news/asset-based-lending-industry-loses-347-clients-in-q1-2010/ Much of the research that I have published recently has suggested that there is a general lack of understanding amongst businesses about invoice finance products. We have just seen the perfect example of a prospective customer not understanding how invoice finance products work which has been costing them money. Our Invoice Finance ... http://www.glennblackman.co.uk/invoice-discounting/example-of-how-not-understanding-invoice-finance-can-cost-money/