Case studies...

A construction company in Yorkshire - This company faced the monthly challenge of trying to balance its cash flow against outgoings. The company’s employees are paid weekly but invoices are sent out at the end of the month. Many material suppliers require payment up front.

With high street banks tightening their lending criteria for small businesses, even more pressure was created on the company’s already stretched finances.

A factoring facility was arranged that provided for the release of 75% of the value of invoices and applications for payment that had been issued. This relieved the immediate cashflow pressure and has, also, allowed the business to concentrate on developing in other areas.
A Car Body Repair company in South Manchester - With customers taking 2 to 3 months to pay for repairs and insurers even longer, cashflow pressures were being felt.

On top of that the ongoing need to invest in new equipment and train staff meant that a solution had to be found that would bridge the gap between completing a job and getting paid.

A factoring solution was arranged that met the company’s financial needs. Funds are now released within 24 hours of invoicing. Also, arrangements were tailored to fit in with the company’s existing bookkeeping/accounts procedures.

More cases...

Why not call us for a no-charge, no-obligation chat about the options that are available and how these can help your business progress?

Contact

Ian Jones (Head of Business Development) on 0161 438 8555 or 07801 858737, or

Stephen Devonport (Business Development Manager) on 0161 438 8555

OR

email us at enquiries@factoringandinvoicediscounting.co.uk

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Areas of the UK covered include, Manchester, London, Liverpool, Leeds, Birmingham, Sheffield, Stoke, Bristol, Southampton, Preston, Hull, Bradford, York, Bolton, Stockport, Newcastle, Sunderland, Bath, Norwich, Reading, Telford, Ipswich, Southend, Chester, Brighton, Salford, Leicester

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