The Commercial Finance Show opened at the Barbican in London yesterday with a report by Mr David Marsden chairman of the Factors and Discounters Association showing that factoring has never been in healthier state.
The FDA currently has over Ј5.5 billion pounds lent to over 27,000 companies and predicts that by 2003 prepayments will have overtaken overdrafts as a means of funding corporate financing.
Mr Marsden gave four principal reasons for the recent success of factoring.
