Factoring is one of the two main types of Invoice Finance, and useful for small to medium businesses who struggle with customers who don’t always pay on time.
When you enlist a finance company to carry out invoice factoring, you will be able to access up to 85%-90% of the value of your outstanding invoices from the finance company, and they will then collect the remainder of monies owed forwarding the balance to you minus their service charge.
Invoice factoring provides a comprehensive credit control service which allows you more time to grow your business rather than chase debtors. The finance company will usually provide a credit check service for new customers and can also help to negotiate better terms with your suppliers.
Most businesses that sell on credit terms to other businesses and have an annual turnover of over £100,000 will be able to use our Factoring services. It is also an ideal way to fund MBIs, MBOs and acquisitions.
We operate in the UK but mostly in the areas of Stoke On Trent, Crewe, Nantwich, Cheshire, Chester, Wilmslow, Knutsford, Macclesfield, Northwich, Buxton, Chester, Warrington, St Helens, Preston, Shrewsbury, Telford, Derby, Stafford and Manchester so we know how to do Invoice Factoring.
