Invoice-based financing solutions for SMEs
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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

Is factoring complimentary to, or competitive with banking?

Before examining the different and quite distinct role played by the factor, I would suggest that there is an important distinction to be drawn between the respective responsibilities of banker and factor. Both the banker and the factor have first to produce a satisfactory return on their shareholders funds but, after this requirement, I believe …read more

Corporate Crime

Two new corporate criminal offences come into force on 30 September 2017. The new offences can make a company criminally liable if it fails to prevent the facilitation of UK or non-UK tax evasion by an employee, agent or anyone else acting for or on behalf of the company. The offences can catch both UK …read more

Late payment costing SMEs £2bn a year in UK

The UK’s smaller businesses are facing a total bill of £2.16 billion to chase overdue payments, according to Bacs Payment Schemes Limited (Bacs), the company behind Direct Debit and Bacs Direct Credit in the UK. New figures show that UK small to medium size enterprises (SMEs) are owed £14.2 billion. Out of the 1.7 million …read more

UK Employee Absence

UK Employee Absence

This infographic, published in The Talent Management Special Report by Raconteur, reveals the average working days lost per employee per year in the UK. Additionally, it highlights reasons to call in sick and cost of absence

We’re only as rich as our debts!


“Paying on the nail!” No business likes to do this if it can possibly be avoided and deliberate late payment is spreading plague-like throughout large sections of industry in the UK. If companies continue to survive they are left with greatly diminished liquidity, but Richard Pepler, Chief Executive of Optimum SME Finance Limited, suggests some …read more