The Factoring Market Place

There are currently over forty factoring and invoice finance companies operating in the UK at the moment. They can be divided into three groups. Those larger operators that are owned by the large UK  Banks such as Barclays. A second group that are owned by non UK  Banks and smaller Banks. And a third group that are either privately owned, listed on the London Stock Exchange or subsidiaries of finance companies.  The list below sets out the main companies in each section and comments where applicable

Large Bank Owned Factoring Companies

• Barclays Trade and Working Capital UK & Ireland

• HSBC Invoice Finance Ltd
• Lloyds TSB Commercial Finance
• RBS Invoice Finance Ltd

All the above offer a full range of services to companies seeking either factoring or invoice discounting
facilities. They also have the ability to offer packages such as equipment finance, mortgages through their various associated companies.

Non UK and Smaller Bank owned Factoring Companies

The list below includes those factoring companies that are not owned by the major UK High Street
Banks. Some of the parent companies may of course be larger than the UK banks but their UK operations
will be a lot smaller than those listed in the first paragraph

• ABN Amro Commercial Finance - This was formerly known as Venture Finance and the name change reflects the Dutch ownership. Quite creative when required.
• AIB Commercial Services Ltd
• Aldermore Invoice Finance
• Bank of America
• Bank of Ireland Commercial Finance, Belfast
• BNP Paribas Commercial Finance
• Centric Commercial Finance
• Close Brothers Invoice Finance Ltd - wholly owned subsidiary of Close Brothers Group Plc an old established City Merchant Bank
• Clydesdale Bank Plc
• GE Capital Bank Ltd - American controlled company who have grown rapidly by acquiring other companies in the sector.
• Leumi ABL Ltd
• Santander Invoice Finance
• Skipton Business Finance Ltd
• State Securities Ltd

Independent Factoring Companies

• Ashley Commercial Finance Ltd - Subsidiary of Ultimate Finance Group Plc offering factoring facilities between £3,500 and £25,000.

• Bibby Financial Services Ltd - The largest independent factoring company in the UK with extensive operations in Europe, USA and Australia. This company can virtually any type of receivable with a specialist construction funding division.
• Ultimate Finance Group Plc - Formerly an AIM listed company now a subsidiary of Renovo Group Plc. Ultimate offer a full range of invoice finance and trade finance products.
• Factor 21 Plc
• Gener8 Finance Ltd
• Independent Growth Finance Ltd
• Positive Cashflow Finance Ltd
• Regency Factors Ltd
• SME Invoice Finance Ltd - Part of Metro Bank Ltd a fast growing new Bank on the High Street

The factoring market is truly dynamic and gives the business market real choice. Find me a Factor can offer advise when deciding which factoring company is the most suitable to meet your needs.

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