Invoice-based financing solutions for SMEs
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When the money runs out!

As the UK emerges from the worst recession post-war, its vulnerability to the funding gap has been seen to be particularly acute. Still, three or four years since we emerged Optimum SME Finance believe that as many as one in five SMEs could be overtrading.   Overtrading is when new business absorbs working capital faster …read more

Importance of due diligence and the “Short Firm Fraud”

Due Diligence and understanding the ability and willingness to pay of your counterparties is important in all business relationships, not only for lenders and specialty financiers. In this blog post we highlight a sophisticated scam, which targets trade suppliers of goods, often early stage companies building a client book. Small companies are being advised to …read more

The 2018 business trends: Data is the key

As another year is upon us, we look at the areas most likely to impact businesses in 2018. There are many aspects to consider, many buzzwords and new technologies but the overwhelming theme is data, the gathering of data, and the protection of any data you hold and process, and of course the General Data …read more

Managing Your Relationships with Creditors and Debtors

All businesses have trading relationships with both suppliers and customers. Suppliers who extend credit to your business by letting you pay for goods or services after you receive them are your creditors. Customers who owe you money for goods or services that you have supplied are your debtors. The balance between when you need to …read more

Is invoice finance a good form of business funding?

Lots of businesses could benefit from the financial help of some kind, whether it’s extra funding for growth or regular cash injections to balance cash flow. Could invoice finance be the answer? Invoice finance is growing in popularity as a simple solution to a variety of financial funding needs, yet many business owners are unsure …read more

Top 10 survival strategies for SMEs next year

What do small business owners need to do next year to grow their businesses? Make these 10 tips your resolutions.   1. Mind your cash-flow Understand exactly what your finances are telling you. Issue invoices promptly and chase up debtors; don’t buy more stock than you need; negotiate longer credit terms with suppliers; shorter ones for customers; …read more

Record year for invoice finance

2017 saw the invoice finance and asset-based lending sector provide more finance to UK businesses than ever before. Data released by UK Finance shows that advances (the amount of funding being provided to clients at the close of the most recent quarter) are up 13% year on year and stand at just over £22 billion …read more

THE COST OF FACTORING – V – THE PROFIT PROTECTOR

At a time when profits are still being squeezed by the effects of the last recession, the factoring of debt can offer companies considerable costs benefits over an in-house operation. Optimum Finance can achieve direct savings for clients resulting from increased efficiency in sales ledger management and collections plus the protection afforded by up to …read more

Succeeding as an SME in the age of digital disruption

SMEs have rarely worked through a time of more challenge – and more opportunity – than the current period of digital disruption. When markets can change overnight and technology underpins virtually every sector, businesses need a new, strategic approach to secure success. Technology is changing the very fabric of how businesses operate. SMEs are well …read more

UK SMEs owed more than £586 billion in outstanding invoices

The average small business is owed more than £108,000 in unpaid invoices, an increase of 8 per cent since the last Business in Britain report in January 2016, with almost a third of firms citing late payments as the biggest cause of cashflow problems. The new research, which gathers the views of more than 1,500 …read more