Invoice-based financing solutions for SMEs
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Products

Our products are bespoke to your business. We specialise in giving you fast access to the money tied up in your unpaid invoices. It’s called invoice finance and has overtaken the traditional overdraft as the most popular form of funding for SMEs in the UK.

Why?

Because, unlike an overdraft, the facility cannot be withdrawn without warning – so you have much greater peace of mind. And because the amount you can access gets bigger the more invoices you generate – no need to go cap in hand to the bank to ask for a higher limit as your business grows.

Invoice finance is all that we do – so we’re very good at it. But we have lots of ways we can tailor it to best meet your needs. Here are our products but there are numerous variations that we can mix and match for you.

Factoring

We advance you an agreed percentage (up to 85%) of the money owed to you by your customers, the remaining balance when they pay. We also take care of your sales ledger management and collecting your debts with our experienced credit control team – so your customers deal direct with us, acting on your behalf.

  • You have access to a very experienced team of highly professional accounts staff, credit controllers and sophisticated IT systems.  Just imagine an accounts department full staffed by experienced personnel, which never takes a holiday, never has sick leave, takes up no costly space and which is only paid while working for you!
  • It’s much more efficient, improving your cash flow and freeing you from the headaches of administration – you can devote more of your valuable time to what you know best.
  • You are automatically provided with E3, our state of the art, online ‘real-time’ system so that you can manage and monitor your account and sales ledger with us 24 hours a day, 365 days a year.
  • For additional peace of mind, and at low cost, Factoring can also include Debtor Protection against bad debts and protracted default – there are many sad companies today who wished they had this kind of cover! It protects your biggest asset, your accounts receivables, in the event that a customer becomes insolvent or is unable to pay for a protracted period.

 

CHOCs

This is short for ‘Client Handles Own Collections’.

  • Basically the same as factoring, in the sense that we manage your sales ledger and your customers settle their invoices direct with us.
  • With this type of facility, however, you can still talk to your customers to chase up payments.
  • E3 (as above) is automatically provided.
  • This facility can also include Debtor Protection (see ‘Factoring’ above).

 

Invoice discounting

With this option, we still give you access to an agreed up-front percentage of the outstanding cash owed by customers.  The difference is that you continue to manage your own sales ledger, credit control and collections.

  • Your customers are unaware of our involvement
  • There is a ‘Disclosed’ option if you prefer your customers to be aware of our involvement, which can often mean they settle their invoices more quickly.
  • Unlike most other providers of Invoice Discounting, there is no need to complete a long and complicated month-end reconciliation.
  • E3 is automatically provided.
  • This facility can also include Debtor Protection (see ‘Factoring’ above).

Debtor protection

This is an optional feature that can be added to any of our invoice finance facilities.

  • It protects your biggest asset, your accounts receivables, in the event that a client becomes insolvent or is unable to pay for a protracted period.
  • Knowing that your cashflow is safeguarded against these risks gives you considerable peace of mind.

Additional options

There are lots of different ways we can customise the products above to meet your unique needs.  They can be combined in a number of different ways, and extra features can be added, to create a bespoke facility that runs exactly the way that suits your business best – everything is optimised around you.

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