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](https://assets.digital.cabinet-office.gov.uk/government/uploads/system/uploads/person/image/172/s216_mdonnelly.jpg)
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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