“The Evolution of Invoice and Asset Based Lending” white paper followed a high-level industry think tank designed to examine the opportunities for the industry given the radically changed lending landscape. The resulting white paper outlines the conclusions and recommendations reached, and is available for download below.
Chaired by Professor Nigel Waite, head of the Financial Services Research Forum, the think tank drew together industry representatives including the
Asset Based Finance Association (ABFA), KPMG, the
Federation of Small Businesses (FSB), the
South East England Development Association (SEEDA), a successful retail business as well as
relevant media and
research bodies.
The impetus for the discussion stemmed from the widespread industry consensus that the Invoice and Asset Based Lending industry is at a watershed moment in its history. The closure of conventional forms of funding brought about by the banking crisis has injected a previously ‘niche’ form of finance with a greater degree of urgency and relevance to the UK business community.
Peter Ewen, Managing Director of ABN AMRO Commercial Finance, comments:
The objective of the think tank, and this white paper, was to stimulate debate
and action concerning the future of our industry at this time of unprecedented opportunity. It is up to those of us within the ABL industry to look hard at our offering, and how we market ourselves, to make sure we are well positioned to capitalise on this chance to consolidate and grow our position at the top table of corporate finance.