Factoring Solutions

specialist factoring and invoice discounting broker who knows that whilst most factoring companies claim a fast flexible response with unrivalled personal service, not all deliver.

We know which do.

Hidden costs of factoring

Factoring pitfalls

Founder member of the Independent Factoring Brokers Association

Factoring and invoice discounting blog

factoring solutions uk

Factoring and invoice discounting are the fast growing financial facilities in the UK which allow companies to receive cash from their invoices as soon as they are issued instead of having to wait 30, 60 or even 90 days for the customers to pay.

Factoring enables companies to receive up to 85% of the invoice values within 24 hours of the invoice being raised instead of having money tied up in outstanding invoices for lengthy periods.

One of the advantages of factoring is that the availability of funding isn’t fixed as it is with more traditional bank overdrafts but will automatically increase in line with increasing sales so no more returning to the bank manager to try and negotiate an increase in the overdraft to cope with rising sales.

In addition to the provision of funding the factoring company will also maintain the sales ledger and handle all credit control matters and this outsourcing can make significant cost savings for the company as well as the application of more effective credit control techniques reducing the exposure to bad debts.

There are a large number of factoring companies actively competing for business but unfortunately whilst all appear to offer the same product that are differences in the ways that each factoring companies operate and some of the differences are so profound that the factor that might be the most suitable for one company could cause financial problems for the next.

Whilst there seem to be a proliferation of websites offering online factoring quotes they are all affiliated to the same company and whilst an automated system can seem like a good idea it has sufficient drawbacks to make us wary so we have preferred to act as brokers in the old fashioned way by discussing the details of each business individually with the client and then proposing the most appropriate factoring company based on that information.

We are completely independent and our advice is free of charge without any obligation whatsoever so please feel free to contact us to discuss your requirements.

Factoring and Trade Finance Solutions