Friday 27 March 2015

Pressure is building on Department of Business, Innovation & Skills to review the asset based finance industry to answer serious questions over their alternative funders intiative

As numbers grow for the RABF campaigners for the lobby of BIS - serious questions are being asked how a situation has raised where the Government will be encouraging SMEs to use unregulated finance companies that a conman could set up to defraud them.

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The Government unregulated alternative finance intiative will lead to solvent companies being forced into insolvency for their assets by factoring companies

Campaigners will be demanding answers when they confront BIS officials to answer awkward questions why they are promoting alternative finance providers who have grown fat by closing solvent companies and siphoning off their assets that should have gone to HMRC

Contact BIS@rabf.org.uk

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