While I’m taking a short break to recharge, I’m pleased to say our strongest July on record has rolled straight into a busy August. It’s not just us seeing this – lenders are reporting the same, which is great news for the invoice finance and ABL markets.
Usually pipelines drop off at this time of year, but activity remains high. Is it the slight base rate cut? Or perhaps businesses have delayed capex and refinancing plans for long enough and are now pressing ahead? There’s certainly plenty of transactional work around and the insolvency market is very active – a positive sign as we head into the final quarter.
It won’t be long before the Christmas cash flow rush is upon us. In the meantime, enjoy the rest of the summer break – my team is on hand if needed and I’ll be back in September fully recharged and ready to go.