Spanish factoring market in 2007by Josep Selles, Managing Director, Eurofactor Hispania S.A., E.F.C. In 1975, the wonderful British pop/rock group Supertramp published an album under this title; perhaps this would also be a suitable comment about the present market conditions. No one would dispute that we are sailing in troubled waters, but the fact is that the impact of this situation has not affected the performance of the factoring market in Spain according to June 2008 figures (€83.699m). In 2007 the total increase of the industry in Spain went up to 24.04%, a higher increase than in the previous year when the industry reached 15.08%.
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