• Asset-based finance advances by asset 2017-2018 Statistic

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This statistic presents the total value of advances to clients extended through asset-based financing (including invoice financing and asset-based lending) in the United Kingdom (UK) from the 3rd quarter of 2017 to the 1st quarter of 2018, split by asset type. Advances against debt (pure invoice finance) reached over 17.4 billion British pounds in the first quarter of 2018.

Total value of advances to clients in asset-based finance in the United Kingdom (UK) from 3rd quarter 2017 to 1st quarter 2018 (in million GBP), by asset type

	Pure invoice finance: advances against debt	Invoice finance plus: advances against debt and other assets*	Asset based lending (ABL) advances against debt	ABL advances against stock	ABL advances against plant & machinery	ABL advances against property
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Source

Release date

2018

More information

Region

United Kingdom

Survey time period

3rd quarter 2017 to 1st quarter 2018

Supplementary notes

According to OECD, "asset-based finance is a widespread form of finance for SMEs, to monetize the value of specific assets and access working capital under more flexible terms than they could from conventional lending channels. It comprises instruments such as asset-based lending, factoring, purchase order finance, leasing and warehouse receipts. As firms obtain funding based on the value of specific assets, including accounts receivables, inventory, commodities stored at certified warehouses, machinery, equipment and real estate, rather than on their own credit standing, asset-based finance can serve the needs of young and small firms that have difficulties in accessing traditional lending."