Figures just released from the Asset Based Finance Association (ABFA) show invoice finance is out performing all other types of business lending. Total advances from members have grown 9% year on year, whereas bank lending actually contracted by 2.5% in the same period.

The latest quarterly industry report from the ABFA shows turnover growth of 15% year on year, with total client sales in the quarter of £55.8bn.

What is an Independent Business Review?

T-Mobile's survey of 2,000 small business owners showed spouses and partners (51%) were preferred to accountants (22%), trade bodies or other local businesses (3%) and bank managers (2%).

Trading through a limited company gives you a number of advantages. It enables you to involve other investors in the business in a structured way, it means you can defer taking income from the company until it suits your tax planning, and it provides you with a potentially clearer exit by selling your shares in the company. But running a limited company brings with it legal responsibilities and you need to be sure that you are happy to take these on.