Venture Finance saw a 75 percent increase in
its Q1 2010 new client numbers, compared with Q1 2009. This is the
third consecutive quarter of client increase, the ABN AMRO-owned
invoice and asset based lender said
The company added that new clients taking its
package that includes bad debt protection – to shield against
customer insolvency – also grew by one third.
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Venture Finance MD Peter Ewen commented: “Our
figures suggest that UK businesses have become better acquainted
with other funding options and services, beyond traditional
funding, as a result of the recession.”
He said: “Of course I am pleased to be able to
report a positive quarter for Venture, but the implications for the
bigger economic picture are positive too, especially when
considered in light of BDO’s recent insolvency figures,” he
said.
Antonio Fabrizio
