Scottish Pacific bucks debtor finance trend with significant growth

AUSTRALIA'S leading specialist provider of working capital solutions, Scottish Pacific, has reported a 26% increase in turnover from 2012 to 2013, against industry figures indicating a flat debtor finance market.

National industry body, the Debtor and Invoice Finance Association, has released figures indicating that the sector's turnover for the year to December was A$63.25 billion, compared with a turnover of $63.29 billion in 2012.

Scottish Pacific CEO, Mr Peter Langham, said Scottish Pacific was growing strongly, with the business doubling its share of whole-of-industry turnover from 3.61% in 2010 to 7.22% in 2013.

"In 2013 we increased our turnover from 2012 by 26% in a flat market, and in the same period we have increased our client numbers by 10%," Mr Langham said.

"We are growing our market share - in fact 17% of all Australian businesses using debtor finance are with Scottish Pacific.”

Scottish Pacific has plans to expand the business further, both organically and through the introduction of new products and partnerships, in Australia, New Zealand and overseas.

Mr Langham said Scottish Pacific continues to play a significant role in funding Australian SMEs, providing a range of working capital solutions.

Scottish Pacific has been operating in Australia and New Zealand for more than 25 years and provides facilities to enterprises from start up to $200m turnover.

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About Scottish Pacific

Scottish Pacific Debtor Finance Pty Ltd provides working capital solutions to SMEs, offering the broadest range of facilities in Australasia. Established in 1988, Scottish Pacific has full operations centres in Sydney, Melbourne, Perth, Brisbane, Auckland and China.

www.debtorfinance.com.au

Follow Scottish Pacific on Twitter - @ScottishPacific