Factoring case histories
factoring and invoice discounting
enquiries continue to
increase and some of them have been
more unusual than normal including
the following:-
A company
supplying medical reports to
solicitors in support of accident
claims etc approached us. They had a tight cash
flow as the solicitors didn’t want
to pay their accounts until the
cases had been heard in court and
that could take up to 18 months.
Normally factoring companies will
only finance an invoice for four
months or in exceptional cases 6
months but we were able to source a
facility with one of the major names
that incorporated the benefit of 12
months credit and this will give the
company sufficient funding to allow
them to expand sales significantly.
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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