The National Association of Commercial Finance Brokers (NACFB) says that despite further contractions in the market, commercial finance brokers are still surviving in very difficult conditions. The Association, which is about to send out its annual member survey to discover the amount of business written by its members over the last twelve months, has been surprised by the level of interest in its Commercial Finance Expo which has just registered its 600th delegate.

 

Chief Executive, Adam Tyler, said: “When the market was at its peak we estimated that there were around 800 pure commercial broking firms, and around 80% of those were NACFB members. Obviously the recession has had its impact on this sector of the industry as much as the others and membership of the association has fallen by more than a quarter in the last two years as some of the less experienced have found it impossible to make a living. So I am both amazed and delighted at the level of interest for the show!”

 

He continued: “Despite the continuing doom and gloom in the industry at large, the registrations for both delegates and exhibitors for the Expo do seem to be bucking the trend and reveal that there is still a good deal of life and enthusiasm in the industry – despite everything it’s suffered.  

 

 “The first few months of this year did seem to herald a new dawn, with lenders loosening up and more deals being written. However since that time, the market seems to have contracted again; possibly partly due to the uncertainty following the general election and unanswered questions about the plans of the coalition, as well as the fallout from the recession, the new austerity, and the challenges faced by Europe But despite this the commercial broker market is far from broken.”

 

To register to attend or to find details on how to exhibit you need to visit: www.commercialfinanceexpo.co.uk