Ex-ICAEW boss blasts invoice finance collusion

Managing Editor
Share this content


Former chief executive of the Institute of Chartered Accountants in England and Wales, Eric Anstee, has raised concern over invoice finance and insolvency industry collusion.

As reported in the Telegraph, Anstee called for a crackdown on “cosy” relationships between insolvency practitioners and asset-based lenders, which typically advance cash invoices in exchange for security over their order books.

Anstee, who now runs investment firm City of London Group and is the chair of the IFA, said: “There needs to be a thorough examination of insolvency practitioners’ relationship with invoice finance firms. There are a lot of conflicts of interest.”

Please Login or Register to read the full article


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.