Every sector faces easier and more challenging times, and many are out of their control. It has been revealed that growth in the manufacturing sector is slowing down due to rising production costs, particularly for imported materials. Positively, demand remains consistent both at home and overseas, companies are still investing in British trade and the industry is not contracting.
Many of our clients use alternative finance such as invoice discounting, invoice factoring or asset based lending to continue to drive business forward. Accessing flexible funding is an important way of taking control of your trade, and having a steady cash flow to allow for unexpected expenses.
While the report showed gains in new orders to be slower than in the prior month, companies reported that demand remained solid in both domestic and overseas markets