Factoring and Invoice Discount services
The major reason for business problems or failure in the UK is the inability to collect money owed for goods and services supplied. Your company may be trading well and profitably but is starved of positive cash flow. One option to assist positive cash flow is to request further overdraft facilities from your bank if this facility is available. Another more flexible and generally lower cost solution is to use either Factoring, Confidential Factoring or Invoice Discounting. This financial service guarantees payment of all invoices issued up to 90% of invoice value - normally within 24 to 48 hrs from the time you issue the invoice. This has the major benefit of leaving your bank facility in place for other areas of business growth and investment