Total turnover of factoring and commercial finance in the UK 2011-2021

Published by Statista Research Department, Dec 7, 2022
Factoring and commercial finance companies (Factors) provide businesses with financing to enable the company to meet day-to-day expenses including payments to suppliers, salaries, rent and rates. In Europe, the total turnover of factoring and commercial finance increased annually between 2010 and 2019, before dropping in 2020. In the United Kingdom (UK), the turnover of the factoring market has fluctuated between 2011 and 2021. The United Kingdom had the secon highest turnover in Europe in 2021, accounting for over 16 percent of the European market share of total turnover.

Total turnover value of factoring and commercial finance in the United Kingdom (UK) from 2011 to 2021 (in billion euros)

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Release date

May 2022

Region

United Kingdom

Survey time period

December 31, 2021

Supplementary notes

Factoring is a type of debt financing, in which invoices (accounts receivable) are sold to a third party at a discount in order to meet funding needs.
2018 and prior data can be seen here.

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