What is Factoring?

Factoring enables you to access the value of outstanding customer invoices before they are paid. We provide the funding and manage your credit control, which saves you time and money chasing and collecting outstanding invoice payments.

To find out how Factoring works and how it can help your business, watch our short video.

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How Factoring can help your business?

If you want to unlock cash tied up in outstanding customer invoices and free up your time chasing late payments, then Factoring can help your business. It supports your cashflow and is time efficient because we manage your sales ledger, credit control and collect payments from your customers.

Factoring can help you manage the gap between raising customer invoices and getting paid. While at the same time freeing up your time because we manage your invoicing and debt collection processes, unlike Invoice Discounting where you manage it yourself.

Download our guide to invoice finance
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Is your businesses suitable for Factoring?

Your business could be suitable to use Factoring if you:

  • Yes: provide goods and services to other businesses
  • Yes: issue your customers with credit terms of between 30 and 90 days
  • Yes: want us to manage your credit control

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Factoring

Features

  • We fund up to 90% of invoice value within 24 hours
  • You get cash against the value of your invoices as they are raised
  • The funding grows in line with your sales
  • The duration is unlimited on a rolling contract
  • We liaise with your customers for payment
  • A confidential service is available
  • We can offer optional Bad Debt Protection
  • You can manage your account with our 24/7 Client Online service

Benefits

  • Speed: get up to 90% of your outstanding invoice values in your account within 24 hours
  • Personal: relationship based approached ensures we can deliver a more personal service and offer quick decision making
  • Control: check your funding at any time with our 24/7 Client Online service
  • Security: option to protect against customer insolvency with Bad Debt Protection
  • Cost-effective: collections service means you don’t need to employ a credit control team
  • Confidentiality: our confidential service means we do not disclose you are using our service

How Factoring works

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Invoice your customers

And send a copy to us

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We pay up to 90% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

Telephone contact

We collect payment on your behalf

Leaving you to focus on running your business

Payment

We pay you any remaining balances

Minus any agreed fees

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We help our clients by being discrete

If you do not want your customers to know how you’re funded, or if you would prefer to keep your credit control function in-house, we can offer confidential service. This means we do not disclose to your customers that you are using a factoring facility and you maintain the relationship with your customers. 

To keep the process confidential, your customers make payments into a trust bank account in your name even though the funds are paid to us. That way your confidentially is secured.

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