This statistic shows the likelihood of fundraisers to approach an invoice trading platform again or recommending it to others in future business plans after their first experience in the United Kingdom (UK) as of 2014. Approximately 81 percent of survey respondents indicated that they would be "very likely" to approach an invoice trading platform first, if they needed working capital in the future.
How likely are you to do the following after your invoice trading experience?
Characteristic
Very unlikely
Unlikely
Unsure
Likely
Very likely
Approach an invoice trading platform even if a bank offers you similar terms?
10%
0%
14%
29%
48%
Recommend invoice trading to other businesses that you know?
0%
0%
14%
24%
62%
Approach an invoice trading platform first if you need working capital in the future?
primary industry figures as well as extensive surveys of businesses and consumers
Supplementary notes
The source defines invoice trading as follows: "when firms sell their invoices at a discount in order to receive funds immediately rather than waiting for invoices to get paid".
The source clarifies the methodology as follows: "Four stages of research activity were carried out from March to September 2014. (1) Stage one involved collecting primary transactional data directly from alternative finance platforms. (2) Stage two consisted of designing and distributing model-specific questionnaires to survey funders and fundraisers of alternative finance. In total 15,658 users were surveyed. (3) Stage three conducted in association with ACCA and PwC included two external national surveys to understand the level of awareness among consumers of alternative finance. 2,007 consumers and 506 SMEs were surveyed. (4) Stage four was the industry-wide tracking survey among UK crowdfunding associations and P2P associations to gather industrial figures for year 2014. Transactional data was collected for quarters one to three of 2014."
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Nesta. (November 7, 2014). How likely are you to do the following after your invoice trading experience? [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/
Nesta. "How likely are you to do the following after your invoice trading experience?." Chart. November 7, 2014. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/
Nesta. (2014). How likely are you to do the following after your invoice trading experience?. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/
Nesta. "How Likely Are You to Do The following after Your Invoice Trading Experience?." Statista, Statista Inc., 7 Nov 2014, https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/
Nesta, How likely are you to do the following after your invoice trading experience? Statista, https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/ (last visited August 24, 2024)
How likely are you to do the following after your invoice trading experience? [Graph], Nesta, November 7, 2014. [Online]. Available: https://www.statista.com/statistics/372828/uk-alternative-finance-invoice-trading-future-plans/