Midway through this year’s Receivables Finance International Convention, held in the London offices of Clifford Chance, Peter Mulroy, FCI’s Secretary General, revealed FCI’s global factoring figures for 2022. They showed an astonishing 18 per cent growth in global factoring volume. Mulroy declared: “It’s a record, but we can’t keep this growth up, it’s impossible.” As if to confirm this, much of the presentations and the panel discussions pointed to the growing number of challenges. While some of these have been around for some time, others are newer and are only beginning to surface now like whales emerging from the deep.
