Factoring

An alternative solution to traditional types of business finance. It eases strain on your business by releasing funds from your unpaid invoices, while an expert credit management team look after the collection of payments on your behalf.

Key features

  • Factoring is the ideal solution for businesses looking to save time chasing payments.
  • It releases up to 90% of the value of your unpaid invoices the moment you issue them to your customers.
  • Our discreet and friendly credit management team will collect the payment on your behalf giving you more time to focus on the day-to-day running of your business.
  • You will have the full support of a dedicated relationship manager and access to your own online account to enable you to view your facility whenever you need to. 
Invoice Factoring diagram

 

 How does invoice factoring work?

factoring companies

1. You supply your goods or services and you invoice your clients as usual.

 

business factoring

2. We pay you up to 90% of the value of each invoice the instant you raise them.

 

factoring uk

3. We collect payment on your behalf, giving you more time to focus on the day-to-day running of your business.

 

invoice factoring companies

 4. When your client settles the invoice you get the remaining balance less an agreed fee.

 

 

Is invoice factoring suitable for my business?

You have a minimum turnover of £500k p.a.

You provide goods and/or services to other businesses.

You would be interested in financing all of your invoices not just a few.

 

We work with businesses from a wide range of sectors to help them meet their goals, whether it's improving cash flow, mitigating late payments or managing seasonal demand. If some of your turnover is export, we can also consider providing finance against these sales, especially if combined with our bad debt protection solution.

 

 

 

            

 

Find out how invoice finance helped Avocor fund their rapid business growth ↑

 

 

What are the advantages of invoice factoring?

 

  • Quick access to working capital
  • Maintain customer relationships by allowing our friendly, expert team to collect payments.
  • Save time chasing late payments
  • Eliminate risk from customer insolvency with bad debt protection

How much does factoring cost?

As we tailor a solution to meet the needs of your business, your agreement will be individually priced. Our fees are calculated according to various factors, including the size of your business, the value of any outstanding invoices and the time it takes your customers to pay their invoices. 

Our pricing is made up of two core components - a service fee and discount charge. 

Call one of our experts to discuss a tailored quote on 0127 376 5817, or click on the link below to find out more about how our charges work. 

Find out more about how our fees work

 

Our awards


Best factoring company

 Best Factoring & Invoice Discounting Provider 2018

Business moneyfacts  

View all our awards.

 

We were nominated along side other invoice factoring companies to compete for this accolade. Read more.