Factoring

Invoice factoring

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

Best factoring provider 2018

What is factoring?

  • Factoring is the ideal solution for businesses looking to save time chasing payments.
  • Invoice factoring releases up to 90% of the value of your unpaid invoices the moment you issue them to your customers.
  • Our discreet and friendly expert 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'll have the full support of a relationship manager and access to your own online account to enable you to view your facility whenever you need to. 

 

 How does invoice factoring work?

Factoring step one: Invoice your clients

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

 

Factoring step 2: We pay you up to 90%

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

 

Factoring step 3: We collect payment on your behalf

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

 

factoring step 4: your client settles the invoice

 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 ↑

 

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

 

The benefits of factoring are clear:

1

Quick access to working capital

2

Maintain customer relationships by allowing our friendly, expert team to collect payments

3

Save time chasing late payments

4

Eliminate risk from customer insolvency with bad debt protection

Add-ons

These optional add-ons can run alongside your invoice factoring facility

Bad debt protection

Eliminate risk from customer insolvency with bad debt protection. It enables you to operate safe in the knowledge that you will not be impacted by bad debts if your customers are unable to pay you.

Whilst some other providers will only agree up to 90% cover, we offer up to 100% protection on accounts pre-approved by our Credit Management Team.

Find out more about bad debt protection

Bad debt protection

Liquidity Plus

If you need additional short term finance to help in scenarios such as periods of rapid growth, or peaks in trading, our Liquidity Plus can help you to release up to 100% of the value of your invoices, enabling you to access additional funding when you need it most.

Liquidity Plus can be bolted on to your facility at times when you need an immediate cash injection.

Find out more about Liquidity Plus

Liquidity plus