Factoring case history
We received three enquiries in the
same month from
companies unhappy with their
existing factoring arrangements.
This is something that we always
find rather sad as it often means
that the companies have suffered
some comparatively traumatic
experiences.
Two of the enquiries from
companies unhappy with their
existing factoring arrangements were
co-incidentally in similar lines of
business but with different
factoring companies. Both complained
of poor levels of service from their
independent factors, mainly in
relation to the lack of credit
control and we introduced both
companies to a factoring company who
not only claim to have first rate
levels of service but will back up
their sales pitch with a guarantee
to refund the charges if the client
isn't happy with the service for any
reason
Invoice
discounting is currently being used
by almost 14,000 companies
generating combined turnovers of
nearly £115 billion and it is this
method of invoice finance that is
experiencing the most growth at the
moment. Our reservations about the
activities of some invoice
discounters are as valid as in
factoring and we would be grateful
if you could click on the link to
see our areas of concern about
invoice discounting
Trade Finance is an area of business funding that co-exists alongside bank overdrafts, factoring and
invoice discounting providing specialist finance to facilitate trade and you
can read more about the types of
facilities that we can arrange by
clicking on the link for
trade finance pages
Factoring Invoices
UK
5 Torridge
Tamworth
Staffs
B77 5QL
Tel : 01827 707680
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