Interesting and deeply troubling @BBCPanorama delivered by @andyverity The invoice finance world has been murky at times (remember Versailles Trade Fin?) but this with #Greensill & #Cameron is extraordinary and it must be hoped someone is held accountable one day.
One aspect that’s evident from the #greensill issue is that the majority of politicians trying to get themselves heard do not have the first idea how factoring (reverse or otherwise) works.
The Times newspaper are reporting that Funding Circle has sold 300 Personal Guarantees (given by business owners/Directors to support loans) to a debt collector ultimately owned by a US Hedge Fund.
On this day in 1996, @factoringptners raised its very first invoice. My confession is that I numbered it 016 to give the impression I’d already raised 15.