Asset based lending (factoring & invoice discounting) come under the control (or lack of) BIS. At present the industry is covered by the Sale of Goods Act 1979 - which to put it bluntly is charter for fraud.

Martin Donnelly
HMRC and unsecured creditors continue to be the main victims of the forced insolvency of solvent companies by factoring companies for their assets.
For more information contact: BIS@rabf.org.uk
the lobby will take place at 1:30pm on Tuesday 31st March
Address:
Department of Business, Innovation
& Skills
1 Victoria
Street,
London
SW1H
0ET
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