Invoice Finance.

Cash when you need it.

Invoice Finance is linked to your sales ledger so cash is made available to you as you sell. By using Factoring or Invoice Discounting you can support growth and ease day to day cash flow pressure.

You receive a percentage (usually 80%+) of the value of your outstanding debts within 24 hours of issuing the invoice and the balance when your customer pays.

Invoice Finance is usually provided as either Factoring or Invoice Discounting with variations on those two main product types.

Factoring – provides you with a fully outsourced credit control and finance facility. The factoring company buys your invoices from you, thus providing you with immediate cash flow and also takes on the collection activity. As a result you can use the time you would have spent chasing customers for outstanding payments to get new customers, develop new products or concentrate on servicing your existing customer base.

Invoice Discounting – provides you with the cash but does not have credit control attached. This means the facility is generally cheaper and can also be provided on a confidential basis. However the funder will want to see evidence of your ability to collect outstanding debt efficiently.

Bad Debt Protection – Both Factoring and Invoice Discounting can be provided with Bad Debt Protection. This means you are able to sell with absolute confidence and protect your profits as the invoice finance house will take on the credit risk of your customer. If your customer enters insolvency you will still receive your cash from the finance house.

Industry specific Products

Recruitment Finance – Facilities are available to temporary recruitment agencies that can handle your entire payroll, NIC and PAYE requirements. In some cases they can also provide your candidates with IR35 tax benefits, with the consequential sales and marketing benefits to you. Permanent placements can also be financed, traditionally a ‘no go’ zone for factoring companies.

Construction Finance – Another traditional ‘no go’ area, there are now specialist facilities enabling you to finance your sales and applications for payment.

Pharmacy Finance – If your cashflow is being hampered by delayed payments from the NHS against Category M items, then we can arrange facilities with providers who will fund up to 95% of your sales with the balance (less fees) being paid to you once the FP34C has been settled.