This statistic illustrates the outcome of factoring/ invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) during 2019. It can be seen that five percent of SMEs in the UK stated that their factoring/ invoice discounting applications were completely unsuccessful at that time. Although this was the case, over three quarters of SMEs stated that their factoring/ invoice discounting applications were completely successful in 2019.
Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019
SMEs that applied for factoring/ invoice discounting in the last 12 months
Method of interview
Computer-assisted telephone interviews (CATI)
Supplementary notes
Survey was conducted among small and medium businesses with employees. Three categories were distinguished, based on employees numbers: micro businesses (1 to 9 employees), small businesses (10 to 49 employees) and medium businesses (50 to 250 employees).
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GOV.UK. (June 4, 2020). Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 [Graph]. In Statista. Retrieved December 05, 2024, from https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/
GOV.UK. "Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019." Chart. June 4, 2020. Statista. Accessed December 05, 2024. https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/
GOV.UK. (2020). Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019. Statista. Statista Inc.. Accessed: December 05, 2024. https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/
GOV.UK. "Outcome of Factoring or Invoice Discounting Applications for Small and Medium Enterprises (Smes) in The United Kingdom (Uk) as of 2019." Statista, Statista Inc., 4 Jun 2020, https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/
GOV.UK, Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 Statista, https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/ (last visited December 05, 2024)
Outcome of factoring or invoice discounting applications for small and medium enterprises (SMEs) in the United Kingdom (UK) as of 2019 [Graph], GOV.UK, June 4, 2020. [Online]. Available: https://www.statista.com/statistics/594459/sme-factoring-application-outcomes-united-kindom/