Against the background of a static invoice finance market, Hitachi Capital Invoice Finance, which provides cash flow solutions to UK SMEs, generated record new business levels. The number of clients rose 18% on the previous year to over 700 clients across a wide range of sectors. The Payroll product, which launched the previous year, also recorded a 100% increase in sales.
Andy Dodd, Managing Director of Hitachi Capital Invoice Finance, commented:
“With rising numbers of SME start-ups and the increasing number of people turning to self-employment, we see a strong market opportunity for a service-oriented provider such as Hitachi Capital Invoice Finance. With our focus on excellent client service, we aim to provide faster, smarter funding decisions to help UK micro SMEs and SMEs grow and realise their potential.”
