About Invoice Finance

Using Invoice Finance allows you to unleash the full potential of your assets by significantly improving your cash flow. You can quickly and efficiently obtain cash once you invoice your clients, thereby improving your working capital - and enabling your funding supply to grow with your business. Up to 85% of the value of an invoice can be paid to you within 24 hours.

If your current finance arrangements aren’t keeping pace with the growth of your business, or if your customers are taking too long to pay you once you have invoiced them, Invoice Finance will help address the problem.

As a rough guideline, if your annual turnover is under £1 million, Factoring is the recommended way forward, and if your annual turnover is over £1 million Invoice Discounting is recommended. With Factoring, you outsource your credit control function to the selected Finance Company, while with Invoice Discounting you retain credit control in-house. Invoice Discounting is typically ‘confidential’ in that your customers do not know you have chosen this solution – while with Factoring you can choose either to ‘disclose’ the fact you have adopted the solution, or to keep it ‘confidential’.

The Benefits of Invoice Finance

Better cash flow
Free up working capital
Reduce impact of late paying customers
Release funds tied up in unpaid invoices
Funding supply keeps pace with the growth of your business
Management time freed up to focus on business growth
Solutions not dependant on credit status

Interested in Invoice Finance Options?

Please fill out the following information and we will contact you as soon as possible (fields marked with * are required).

* Name

Company

* Telephone

Type of finance required

Confidentiality required

Alternatively call us free on 0800 781 3414 to speak to one of our team.

Factoring

Factoring improves your cash flow by providing an immediate injection of cash against the value of your outstanding invoices (up to 85%). Then as you raise an invoice, up to 85% of the value of that invoice can be raised within 24 hours. The remaining 15% is paid to you, less a small service fee, once payment from your customer has been received. This can be done regardless of credit and without the personal guarantee often required by banks.

The interest costs on the amounts advanced to you are competitive with other products in the market.

The Finance Company manages your sales ledger by chasing and collecting outstanding invoice payments from your customers on your behalf, so that you have more time to concentrate on generating new business. They prepare and send out statements, telephone all your customers, collect payments for you and maintain detailed accounts of your transaction.

You have the choice of a ‘disclosed’ service or a ‘confidential’ service, depending on whether or not you want your customers to know the Invoice Finance solution that you have chosen.

If you want protection against ‘bad debts’ and the peace of mind that you will get paid even in the event of a customer’s insolvency or inability to pay, then you can choose Non-Recourse Factoring as an additional option.

Interested in Factoring? – Contact Us

Invoice Discounting

Invoice Discounting improves your cash flow by providing an immediate injection of cash against the value of your outstanding invoices (up to 85%). Then as you raise sales invoices and credit notes you send them to the Finance Company and they convert up to 85% of these into cash within 24 hours. The remaining 15%, less a small service fee, is paid to you once your customers pay their invoices.

The interest costs on the amounts advanced to you are competitive with other products in the market.

Your customers make payments to the Finance Company via a specialist bank account, from which funds are paid directly to you. Invoice Discounting is typically provided as a ‘confidential’ service.

Interested in Invoice Discounting? – Contact Us

Invoice

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