The Factors and Discounters Association (FDA), the trade body representing factors and invoice discounters in the UK, has released the following figures. The figures show that the industry has maintained a healthy rate of growth during the first quarter of 2002. However, non recourse sales volumes have decreased by 4% from Ј2802 million in the first quarter of 2001 to Ј2698 million. It is also apparent that invoice discounting services continue to experience accelerated growth when compared with factoring services.
