2. “The business consolidation cycle should be over by
now; it should have been over in 2009 or 2010.”
Simon Alsop
Head of Business, ICAEW
3. “From a bank’s perspective we
talk about the value chain,
from when we identify a need
to delivering on that need.
Four years ago we timed it at
31 days and now it’s six
months! Some prospects have
a birthday before it happens.”
Alex Hambrook
Business Development Manager, ABN AMRO
4. “What’s happening, certainly
in the ABL market, is that the
documentation is too thick.
There’s a 12 page document
with absolutely every problem
that could occur. There are so
many requirements under the
facility that a lot of people just
stick with the overdraft.”
Witold Chojnowski
Senior Manager, KPMG
5. “The government has got to provide a fertile ground for
these businesses to start up. You have to have those
ideas such as tax breaks that could get things going.”
Witold Chojnowski
Senior Manager, KPMG
6. “The trouble is that people
don’t know about ABL, they
don’t understand it. They don’t
understand the traditional
lines of credit and they
certainly don’t understand
alternative finance. They think
it’s exactly the same process
as getting an overdraft in
order to get invoice finance
and it’s certainly not.”
Glenn Blackman
Director, Cashflow Acceleration
7. “The trouble is that people
don’t know about ABL, they
don’t understand it. They don’t
understand the traditional
lines of credit and they
certainly don’t understand
alternative finance. They think
it’s exactly the same process
as getting an overdraft in
order to get invoice finance
and it’s certainly not.”
Glenn Blackman
Director, Cashflow Acceleration
