IF and ABL CEO’s half yearly review. Some shocks
18 financiers contributed to the 2023 half yearly review representing:
- 8,068 Clients
- £28.4bn Annual Sales
- £2.31bn Funds out
- 1,597 Personnel
Four of the contributors were substantial all-asset finance houses, the others a mix of finance houses, primarily financing invoices but also an ever expanding range of other assets.
The new questionnaire format provoked some controversial replies.
Issues surrounding retaining and training personnel, client control, use of external expertise, quality of new business flow and working from home. A question as to whether lawyers working from home were impeding business evoked a strong reply.
Business Money Group editor, Robert Lefroy commented: “The 18 contributors represent the beating heart of invoice and all-asset finance in the UK. We see the ever growing trend of making greater use of powers conferred by the debenture. The industry is filling the vacuum left by the retreating major banks.”
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