Reasons for invoice trading in the UK 2014

This statistic shows the main purposes for businesses using invoice trading according to a survey on the alternative financial market in the United Kingdom (UK) in 2014. In that time 86 percent of survey respondents traded invoices to gain working capital.

United Kingdom: What was your purpose(s) for trading invoice(s)?

Characteristic	Share of respondents
Working capital	86%
Expansion or growth	14%
Asset purchase	5%

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Release date

November 2014

More information

Region

United Kingdom

Survey time period

March to September 2014

Special properties

primary industry figures as well as extensive surveys of businesses and consumers

Supplementary notes

Invoice trading is defined by the source as "when firms sell their invoices at a discount in order to receive funds immediately rather than waiting for invoices to get paid".

The source clarifies the methodology as follows: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."

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