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We have seen a fair amount of consolidation in the invoice finance market over the last few years and some lenders have left the market for good.

However, in recent years we have seen some new lenders enter the market and I wish them well. Personally I think there is always room for lenders who want to provide a good service to clients and if their ‘positioning’ is niche in anyway I think it is fantastic.

Gener8 Finance seem to have been well accepted and client numbers have swelled. They are targeting the smaller end of the market with a view of providing invoice discounting facilities with flat fee structures to smaller companies who normally only attract factoring offers. I am not sure they are actually offering traditional confidential invoice discounting facilities in the majority of instances but clients are signing up so they are doing something right.

Bob Crumbley who was at London Scottish has set up a company called Team Factors with John Schulman who was at Coface. I have seen very little PR about the company but understand they they are also looking at providing good old fashioned factoring services with good service levels to small businesses. I am not sure how they are fairing but wish them every success.

We have also seen the team who were absorbed by Bibby when they bought Arbuthnot set up again on their own as Innovation Finance. It is very early days and by their own admission they are still finding their feet but I will be watching their progress with interest. Again I wish them every success.

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