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- About Us
FundInvoice LLP provides a multi-award-winning free, market research-based, independent business funding & invoice finance support and search service. ...
CONTACT US IN CONFIDENCE...
At FundInvoice LLP, our mission is to bring the best business funding & invoice finance deals to UK companies....
We were winners of the award for "Invoice Finance Quote Specialists Of The Year - UK" 2024 and 2023, "Invoice Finance Quote Search Services Provider Of The Year - UK" 2022 and "Best Invoice Finance...
We have also been recognised as Finalists at the Business Moneyfacts Awards for the last 11 consecutive years 2015 to 2025, most recently in the category "Invoice Finance Broker Of The Year"....
Read some customer FundInvoice reviews....
We offer a personal service in which we support you throughout the process and do all the work to search the market for you. You remain in control and make all the decisions....
We specialise in business loans, invoice finance, factoring, invoice discounting, trade finance and asset finance and we have undertaken extensive, independent invoice finance research, within those...
You may be asking, "What does a finance broker do?". These are the steps that we follow:...
We can find you short-term finance options with no minimum fees or long-term funding for cash flow stability going forward....
If you want to know the invoice finance companies that are most highly rated by their clients, we can tell you. We can also tell you which invoice finance company is the cheapest in particular...
Even if you just want to discuss the options, in confidence with an expert and without any obligation to do anything, we are happy to have a conversation with you please call Sean on 03330 113622....
Between them, our partners have over 60 years of industry experience, including over a decade working within the business finance intermediary market. During that time, we have helped thousands of...
FREE INDEPENDENT QUOTATION SEARCH...
...
Glenn Blackman and Sean Morrow. Read a brief overview of our Partners...
It is important to us that you can verify our credentials so that you know who you are dealing with and you can have the peace of mind that comes with being able to speak to expert advisers that you...
1) Clients We Have Helped - You can read Testimonials from existing clients, and we will happily provide you with contact details of clients that we have worked with and helped....
2) Banks & Invoice Finance Companies - You can read Testimonials about FundInvoice from well-known banks and invoice finance companies that we deal with....
3) Awards - We were winners of "Invoice Finance Quote Specialists Of The Year - UK" at the European Enterprise Awards in 2024, 2023, 2022, & 2021. Additionally, we have been finalists for 11...
4) Companies House Registration - You can view details of our business at Companies House: FundInvoice LLP has the registered partnership number: OC387824....
5) Data Protection Registration - We are registered to hold data with the Information Commissioner's Office: registration number: ZA019773....
6) VAT Registration - Our VAT registration number is 174 7968 50....
7) Secure SSL Certificate - We have a secure SSL certificate on our website; you will see a closed padlock in your web browser when you visit our website. To get an SSL certificate, we had to undergo...
Now that you know who we are, if we can help you with an independent quotation search, just follow the link below to request a quote search:...
REQUEST A QUOTATION SEARCH or call us on 03330 113622 to discuss your business funding requirements. ...
http://www.fundinvoice.co.uk/about_us/about_us.html - Awards
Our team has won its fourth consecutive award for Customer Service Excellence at the EEAs....
This time FundInvoice LLP picked up the award for "Invoice Finance Quote Specialists of the Year 2024 - UK" at the European Enterprise Awards....
For the full details of our award please see the news release: FundInvoice Wins Customer Service Excellence Award 2024....
We are delighted to confirm that we have made the shortlist of finalists for "Invoice Finance Broker of the Year" at the BMF Awards 2025....
For more information and to provide a testimonial to support us please see this news article: FundInvoice 11 Times As BMF Awards Finalists. ...
Fundinvoice has won a third award at the European Business Awards 2023 for "Invoice Finance Specialists of the Year - UK"....
As always we can't thank you all enough for providing testimonials to support our growing business....
You can read about our latest win here: FundInvoice Wins 3rd Award....
Glenn, Sean and the team were overjoyed to add this 3rd consecutive annual award to our trophy cabinet!...
It is fantastic news for our team to be recognised consistently for the work that we do within the invoice finance sector. Not only as brokers but also as thought leaders seeking to help funders...
Thanks again for all your support!...
For the 10th consecutive year, FundInvoice LLP has been confirmed as a finalist for the award "Invoice Finance Broker of the Year" at the Business Moneyfacts Awards 2024....
This makes it an entire decade of having made the shortlist for this award - a fantastic achievement for our dedicated team....
Thank you to those who supported us by providing a testimonial for FundInvoice LLP....
For the second consecutive year, FundInvoice won an award at the European Enterprise Awards....
This year we won the award for "Invoice Finance Quote Search Services Provider Of The Year - UK" 2022....
We are very grateful to receive a second award and once again we thank everyone that has supported us....
We are award winners! FundInvoice LLP has been announced as the winner of the award for "Best Invoice Finance Brokerage - UK" at the 2021 European Enterprise Awards....
We were absolutely delighted to have won this award. Our thanks to everyone who provided testimonials about our business....
You can see all the details of this award in this news release: FundInvoice Award Winners....
For the 9th year running FundInvoice is pleased to announce that they have been confirmed as finalists at the BMF Awards 2023. This is as a finalist for the award for "Invoice Finance Broker of The...
Once again we are proud to be listed alongside some of our most esteemed industry colleagues - and we are grateful to all those that have supported us over the last 12 months....
A brilliant achievement for our team....
For the 8th consecutive year, FundInvoice has been confirmed as a finalist at the BMF Awards 2022. This was in the category "Invoice Finance Broker of the Year"....
Brilliant to have been shortlisted for this award for so many years consecutively. We would like to thank all of our clients, funding partners and readers who provided testimonials about our...
See a full write-up of the announcement here: FundInvoice 8th Year As Finalists....
FundInvoice has just been announced as a 2021 Finalist for "Invoice Finance Broker Of The Year" in the 2021 Business Moneyfacts Awards #BMFAwards....
What makes it even better is that we have now been Finalists for an award for 7 consecutive years....
You can read all about the announcement here: 2021 BMF Awards Finalists ...
We are delighted to have been confirmed as Finalists for "Best Invoice Finance Broker" at the forthcoming Business Moneyfacts Awards 2020. This is the 6th year running that we have been in the finals...
The deadline for testimonials has now passed but we thank you for your submissions. The #BMFAwards 2020 ceremony was held "virtually" this year, on 21st July 2020, in light of the coronavirus...
These awards are about the quality of what you say about us, rather than the number of votes, so we very much appreciate your support....
You can read more about our being shortlisted here: BMF Awards Finalists 2020....
For the 5th year running, FundInvoice LLP has been confirmed as a Finalist at the Business Moneyfacts Awards 2019, to be named as Invoice Finance Brokers of the Year....
We appreciate all the testimonials that were given to support us this year....
Delighted to have been on the list of just 10 nationwide finalists for 5 consecutive years now....
We are very pleased to announce that we have been confirmed as Finalists for the Business Moneyfacts Award for Invoice Finance Broker of the Year 2018....
This is the 4th year running (2015, 2016, 2017 and 2018) that we have been finalists in the BMF Awards....
The awards ceremony took place in London in March 2018, and we were pleased to attend a great event, hosted by Claudia Winkleman....
Unfortunately, Sean was unable to attend with me this year, after breaking his ankle, but Lee Morrison of our marketing partners In Association was kind enough to attend with me....
There were several awards within our sector of business finance, including those for the Best Factoring & Invoice Discounting Provider and Best Service from an Invoice Finance Provider....
Bearing in mind that we are a small firm, it is an honour just to be a finalist alongside several of our much larger competitors. This is a testimony to the quality of the service that we provide and...
FundInvoice is pleased to have been confirmed as "Finalists" for the third year running in the BMF Awards 2017, in the category of Best Asset Based Finance Broker 2017....
We were really pleased to be "Finalists" for 3 years running, a huge achievement for a small firm like ours....
For the second consecutive year, FundInvoice LLP has been nominated as a "Finalist" for the 1066 Business Finance Awards 2016....
Local recognition is always important to us....
This year we were delighted to be a finalist for the Best Small Business 2016....
We were particularly pleased to be nominated for this award as it is local recognition of what we have achieved with a small team....
For the second year running, FundInvoice LLP has been confirmed as "Finalists" for the Business Moneyfacts Awards 2016 for the category of "Best Asset Based Finance Broker"....
On the 17th of March 2016, we attended the awards ceremony at the Lancaster Hotel, London....
We were really pleased to be nominated as Finalists for the second year in a row and would like to thank everyone who voted for us....
FundInvoice LLP were "Finalists" in the Business Moneyfacts Awards 2015 for the category "Best Asset Based Finance Broker"....
There was an awards ceremony, at the Lancaster Hotel in London, hosted by Business MoneyFacts on the 19th of March 2015 which Glenn Blackman and Sean Morrow of FundInvoice LLP (pictured below)...
FundInvoice has also been confirmed as "Finalists" in the 1066 Business Awards 2015. Our team attended the awards dinner at the Bannatyne Spa Hotel Hastings and were delighted to be nominated as...
The 1066 Business Awards cover Rother, Hastings, St Leonards, Rye, Battle, Ore and Bexhill....
FundInvoice submitted an application to be considered for the Startups 100 List 2015, which is a list of the top 100 most exciting and innovative UK businesses. Whilst we were not included in this...
"I just wanted to email to let you know that we were really impressed with your business....
We received more entries than ever this year – and competition really was tougher than ever, with higher turnover, more funding and more employees than any other year....
While we do believe your business has potential, it was just a little too early-stage for this year. I do hope you’ll reapply next year when I’m sure you’ll have gained even more...
http://www.fundinvoice.co.uk/about_us/awards.html - Contact Details
For more product information, see our invoice finance page....
To get in touch with FundInvoice, please see the various contact methods below:...
Complete an ONLINE QUOTATION SEARCH REQUEST or REQUEST A CALLBACK...
Phone: 03330 113622...
Email: [email protected]...
FundInvoice LLP4 Lullington GardensSt Leonards-on-SeaEast SussexTN37 7SH...
FundInvoice LLP29 Gildredge RoadEastbourneEast SussexEnglandBN21 4RU...
You can find a list of our social media channels here: FundInvoice Social Media....
Our clients reach out for various reasons - some are seeking a fresh start with a new invoice finance provider, while others are looking for ways to release cash flow quickly to support business...
Unlike some brokers, we don’t charge you for our help (we receive commission from the provider if you successfully find a facility). We’re independent and work with a wide panel of...
You don’t need to have all the answers before you contact us. Many businesses we assist are unsure about the types of finance available or what they’re eligible for. That’s...
We’ve helped companies across a wide range of industries, from recruitment and manufacturing to transport and professional services. So, if you’re wondering what type of business finance...
We aim to make it easy for you to reach us. Whether you prefer a quick phone call, email, or online enquiry, we respond promptly and handle all enquiries in confidence. If you contact us on 03330...
http://www.fundinvoice.co.uk/about_us/contact_details.html - Glenn Blackman
Glenn Blackman MBA is the Managing Partner at FundInvoice LLP a leading business finance brokerage that offers a free, independent, quote search service for invoice finance, factoring, invoice...
Author of "The Startup Wizard - How To Start A Business", "Selling Without Shaking Hands - How To Sell From Anywhere" and numerous finance and research-related articles. Blogger, business finance...
MBA in Applied General Management. See Glenn Blackman's Bio....
LinkedIn Profile: Glenn Blackman on LinkedIn....
FREE MARKETING IDEASFounder & Business OwnerMay 2021 - Present...
SURVEY SENSEIFounder & Business OwnerNovember 2019 - Present...
CFACo-Founder & Co-OwnerAugust 2003 - September 2013...
IMPROVIACo-Founder & Co-OwnerJune 2000 - September 2013...
Co-Founder of Improvia which provided research services....
It also provided consultancy services working with a wide range of different and diverse businesses, including several different invoice finance companies, on a variety of projects which have...
BARCLAYS BANK PLC, SALES FINANCING Marketing and Products Manager Executive Member of the Board Apr 1997 - Mar 2000...
Receivables Financing ProgrammeProject ManagerApr 1995 - Apr 1997...
Client Relationship ManagerJan 1994 - Apr 1995 (previous 3-month secondment)...
Credit Underwriting ManagerJuly 1992 - Dec 1993...
New Business Department SupervisorOct 1990 - Jun 1992...
BEXCO LIMITED Account Controller Oct 1988 - Sep 1990...
Managed a portfolio of international trade finance customers with responsibility for all aspects of import and export documentation....
Other Interests: Kayaking, fishing, golf, film, eating out and travel....
http://www.fundinvoice.co.uk/about_us/glenn_blackman.html - Testimonials From Well Known Companies
In addition to testimonials from clients, we would like to share the following testimonials and letters of thanks from a few of the banks and invoice finance companies we deal with, and you should...
They appreciate the time we put into ensuring that they are well-matched with the clients we introduce, and we also seek to ensure that they are fully briefed about the needs of our clients....
Follow each link to read the full testimonial received from just a few of the finance companies and banks that we deal with:...
http://www.fundinvoice.co.uk/about_us/invoice_finance_company_testimonials.html - Our Invoice Finance Team
Below is a brief resume for our partners, business funding and invoice finance team at FundInvoice LLP. ...
To contact any of us please call 03330 113622....
Email [email protected] or complete a request for a FREE INDEPENDENT QUOTE SEARCH....
Our partners have been involved with business financing since the late '80s and they are well known throughout our sector. They have a broad network of contacts across the industry that can be...
http://www.fundinvoice.co.uk/about_us/our_team.html - Sean Morrow
Partner in FundInvoice LLP the award-winning research-based, free, independent factoring, invoice discounting & commercial finance search and support service. Following many years of experience...
LinkedIn Profile: Sean Morrow on LinkedIn....
Partner September 13 - Present...
Co-Founder August 03 - Present...
Client Manager July 01 - July 03...
Operations Manager June 00 - June 01...
Client Manager September 97 - March 01...
Client Manager March 96 - September 97...
Project Manager...
Business Co-Ordinator - IT Project November 94 - March 95...
Manager - Invoice/Microfilm Departments March 93 - February 96...
Senior Credit Underwriter January 92 - March 93...
New Business Department Supervisor November 09 - December 91...
Senior New Business Surveyor August 89 - November 90...
Credit Controller March 88 - August 89...
Re-Insurance Clerk March 86 - February 88...
Further Training...
Professional Qualifications...
Dunn & Bradstreet Credit & Financial Analysis Distance Learning Course. Factors and Discounters Association Certificate - Distinction. Factors and Discounters Association Diploma....
Interests My interests include golf, football, rugby and I am an avid film fan....
http://www.fundinvoice.co.uk/about_us/sean_morrow_cv.html - 5 Golden Rules For Healthy Cash Flow
CONTACT KRIYA TO DISCUSS IMPROVING YOUR CASH FLOW...
‘Cash is king’ and is the lifeline of any business, the fuel to keep the engine running. Without cash, profit becomes irrelevant. Thousands of profitable businesses fail every year...
Achieving positive cash flow takes work....
One thing that is particularly key to cash flow management is good credit control....
Establishing strong relationships, built on trust, with your suppliers and clients is important – but never at the cost of your own business’ livelihood!...
Increasingly long payment terms and seemingly infinite competition has left many companies at the mercy of their large end customers. A devastating number of businesses are forced to close each year...
A systematic and well-planned credit control strategy is essential for any growing business and will certainly help keep the wolf from the door....
Our five golden rules will make sure you’re able to maintain excellent relationships with clients, invoice efficiently, keep your business in good health – and get a credit-control policy...
‘Credit control’ is the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time....
http://www.fundinvoice.co.uk/articles/5-golden-rules-for-healthly-cash-flow-marketinvoice.html - Avoiding Bad Debts
Year end is approaching and it looks like being a good year with healthy profits meaning that a well deserved holiday and new car are on the horizon. And then it happens, a phone call from the Sales...
When the shock has subsided, you start to look at the loss in more detail and realise that the warning signs were there and that the loss could have been reduced to a much more manageable level or...
So what are the warning signs and how can bad debts be avoided....
It sounds obvious but it is so important that you know your customer. But what does this really mean? A lot of business sell to their customers on an “I’ve known them for years...
Other vital signs are:...
1) Slowing payments or a creeping debt turn. Quite often the deterioration in payments happens quite slowly with the odd day per month not really causing too much of a problem with the comfort that...
2) Late filing of accounts at Companies House. This can also be a strong indication that all is not well. Very few businesses will delay filing their account beyond the filing regulations if they...
3) CCJ’s are a very real sign that there is a problem. Even if your payments remain good, it may not be long before you too start to see a deterioration and it should always be remembered that...
4) The use of credit reports is an important tool in avoiding bad debts. Even more important than the original report requested when a new customer applies for credit, is the ongoing monitoring...
5) Bad debt protection is the most effective way to minimise risk however, many companies do not trade within the limits they are provided with and this can negate the usefulness of having such...
By really knowing who your customer is and by monitoring their performance, along with your own information, this will give you a good chance of avoiding a nasty shock and protect your hard earned...
http://www.fundinvoice.co.uk/articles/avoiding_bad_debts_abn_amro_commercial_finance.html - Is Cashflow Forecasting For Me?
CONTACT SIMPLY CASHFLOW...
People ask me – what is Cashflow Forecasting all about and what are key points about it? Well, I usually start with:...
Accounting packages are about the present and yesterday. Wouldn’t it be great if you knew what your cash was going to be tomorrow, next week, next month…well…you can, that’s...
For me it’s your No.1 business management tool – live without it at your peril…...
You can forecast Monthly, Weekly or Daily from; what is my cash going to be tomorrow to weekly cashflow over the next 12 weeks to monthly cashflow over the next 12 months or more. Is it easy? - not...
In general, businesses find costs relatively easy to forecast as many costs are recurring, like salaries, rent, utility bills and the like. The fun starts when you have to forecast SALES!!! Yes that...
I’m a stickler for not adding tendered work into your main forecast as it can really cloud what your true forecast is. I believe it’s better to keep this separate so then what...
And it’s not rocket science – so for example, creating a monthly forecast: it starts with what cash you have at the start of your current month, then add your forecast cash in for that...
So let’s get to it, have fun – happy forecasting!!...
Alan J McCaffertyFounder & Chief ExecutiveSimply Cashflow - Providers of Cashflow Forecasting Business Management Tools...
CONTACT SIMPLY CASHFLOW...
http://www.fundinvoice.co.uk/articles/cash_flow_forecasting_for_me_simply_cashflow.html - Ideal From Close Brothers Invoice Finance
REQUEST A QUOTATION FROM CLOSE BROTHERS INVOICE FINANCE...
Even the biggest of companies can experience cash flow challenges, and in today’s harsh business climate the issue is more prevalent than ever....
In fact, the latest Close Brothers Business Barometer shows that just over a third of small businesses owners feel that their cash flow is their main concern, and a further 12% cited late payments as...
We believe that invoice finance is a neat solution to these worries. It’s a simple premise that allows a business to better manage its cash flow and make spending decisions based on what it has...
The beauty of invoice finance is that credit is offered based on the sales a company makes, rather than their credit rating. Although invoice finance has traditionally been a labour intensive...
It automates reconciliations, customers can access their cash quickly from anywhere in the world, 24/7 and crucially, it also offers 100% bad debt protection....
We remain committed to helping SMEs access funding in a difficult climate and pride ourselves on our ability to understand the requirements of the individual customer, working alongside them to...
In a world where cash is king, we encourage SMEs to prioritise sustained working capital to give them strength and flexibility, both critical factors in a slower economy....
This article was contributed by David Thomson, CEO of Close Brothers Invoice Finance. To receive a quotation from Close Brothers please complete the following request: REQUEST QUOTATION FROM CLOSE...
http://www.fundinvoice.co.uk/articles/close_brothers_invoice_finance_ideal.html - White Label Confidential Factoring
Confidential factoring appeals to some clients as it gives them the benefits of factoring whilst preserving their confidentiality i.e. their customers are not aware that they are using the facility....
The key benefits are:...
Not all confidential factoring products are the same. In some cases all the paperwork is not branded in the style of your business....
A new version of the product has just launched, called "White Label" and that seeks to give you a proper white labelled version of this product, including branded paperwork....
REQUEST A QUOTE...
http://www.fundinvoice.co.uk/articles/confidential_factoring_white_label.html - Get Your Credit Under Control
REQUEST A QUOTATION FROM METRO BANK SME FINANCE...
There’s an old saying that ‘a sale is not a sale until it is paid for’. This statement underlines one of the biggest problems for small businesses – getting paid on time....
The issue is that many business owners shy away from the systems and processes that are essential to securing prompt payment. Often the reason given for this is ‘concern over losing...
The impact of late payment on cash flow is the most serious problem facing small businesses right now. According to BACS, small businesses in the UK are currently owed £30.2 billion in overdue...
Here are some top tips for getting paid on time:...
Stress your payment terms on every order, as a condition of sale supersedes any buyer’s terms. Send it to a named person with the relevant authority. On account application forms, include a...
You cannot expect customers to pay against incorrect invoices. Include your payment terms and due date, date, delivery date and method, description, price and total payable and especially the...
Invoice within 24 hours of a chargeable event. Remember, nothing happens until your bill gets into the customer’s payment process....
An Aged Debt Analysis (or list of debts outstanding according to amount of time outstanding) is the essential working tool for collection. List accounts in order of size - largest debt first and...
Incorporate phone calls into your collection strategy. A good strategy will timetable appropriate dates for issuing invoices, making phone calls and issuing reminders. ...
Check that the information relating to the outstanding debt is correct, and that the information is readily available when making the call, i.e. the account number, the credit limit available to the...
Be courteous and professional but act on what you say you are going to do. If the final demand does not work, its threat must be carried out. Bluffs are soon seen as weakness....
As we enter a period of economic recovery, effective credit control cannot be allowed to slip because of the lure of new business. Remember, payment is illusory until it is in your bank account....
This article was written by:...
John Wilde, Sales & Marketing Director, Metro Bank SME Finance...
REQUEST A QUOTATION FROM METRO BANK SME FINANCE...
http://www.fundinvoice.co.uk/articles/get_your_credit_under_control_metro_sme_finance.html - How To Reduce Your Debtor Days
As the UK continues to be gripped by the current economic turmoil, the expected recovery is taking longer to materialise than most predicted. During these uncertain times, cash flow becomes ever more...
The government sees SME entrepreneurs in the private sector as key to the recovery, but clearly many businesses underestimate the length of time it takes to receive payment from their customers. 2013...
Use of some or all of these tips can help you receive payments from your customers in a timely manner....
You can also consider alternative finance options, such as invoice finance. There are lots of available options out there, not just your regular bank loan or credit card resource. Depending on your...
John MortonHead of OperationsNovuna Invoice Finance...
REQUEST A QUOTATION FROM NOVUNA INVOICE FINANCE...
http://www.fundinvoice.co.uk/articles/hitachi_capital_invoice_finance_reduce_debtor_days.html - Innovation Finance Funding Start Ups
FundingVoice magazine interviewed the Sales Director of Innovation Finance, one of our panel of invoice finance companies, about their funding solution for new start up businesses....
Q: Nearly a third of new start ups told our survey that they couldn't raise all the funding they needed - what alternatives are available?...
A: Innovation recognised this gap and as such we are specifically looking to help this sector of the market by offering a tailor made solution to nurture small, growing businesses where other forms...
Q: So what can you offer a new start up?...
A: Our Small Business Invoice Finance product is the flexible alternative to bank lending, such as overdraft and loans, and it can be a massive help to businesses that are in their infancy. The...
Q: What is your stance on helping businesses with a previous poor credit history?...
A: We look at the merits of every case and we understand that not everyone has a clean credit record. We apply a common sense approach and we work with the customer to understand the issues and find...
Q: How do you respond to the 21% of new starts that told us they didn't consider invoice finance as they had heard that it was expensive?...
A: We try to set our facility costs appropriately to be sympathetic to small growing businesses. We are highly competitive and in many cases cheaper than other independents or bank lenders despite...
Q: How would you answer the 37% of new starts that think that invoice finance is not an option that is available to them?...
A: Its a common misconception! In most cases a new business opens a bank account and a loan or overdraft is the only option on the table. Even if the bank refers them to their invoice financing arm...
Q: Why do you think only 2% of new start ups use invoice finance?...
A: It reflects the lack of awareness of invoice finance as an option and the common misconception that its too expensive until you are an established business. Most prospects that I see are surprised...
Innovation Finance are a Sussex based independent invoice financier that help clients throughout England and Wales. They offer a personal service where the clients have a direct line to the...
REQUEST AN INVOICE FINANCE QUOTATION FROM INNOVATION FINANCE...
http://www.fundinvoice.co.uk/articles/innovation_finance_new_start_up_funding.html - Hitachi Capital Inspired Cashflow Product
REQUEST A QUOTATION FROM HITACHI CAPITAL INVOICE FINANCE...
Outstanding payments to businesses have almost doubled to £30bn since 2007, with this putting a huge strain on SME’s cash flow - which is where invoice finance comes in....
This great product provides an instant cash injection for companies, with typically 85% of the invoice value being available within 24 hours of the invoice being raised, aiding companies with...
Research by Hitachi Capital Invoice Finance showed that a high number of people had a negative perception of invoice finance, with common perceptions being thought that it is a complicated and...
As a result of this, here at Hitachi Capital we decided to create our award winning Inspired Cashflow product, with the aim being to create the simplest invoice finance product yet. Inspired Cashflow...
This innovative product has just one single fee, which can cost less than 0.5% of the invoice value along with very few other costs (in most instances none). A 6 month trial period is also included...
Inspired Cashflow can be used in an invoice factoring, discounting or CHOCCS capacity, ensuring that the best finance facility can be chosen to meet the cashflow needs of the company. Over 100...
Here at Hitachi Capital we pride ourselves in supplying the best invoice finance products along with award winning client service which is why we have seen our new business rise by 40% in the last 12...
This article was contributed by Hitachi Capital Invoice Finance. To receive a quotation from Hitachi Capital Invoice Finance please complete this request form: REQUEST A QUOTATION FROM HITACHI...
http://www.fundinvoice.co.uk/articles/inspired_cashflow_hitachi_capital.html - Invoice Trading By Kriya
Nobody wakes up in the morning thinking ‘I need invoice finance today!’, but you might wake up thinking your business needs cash, or even that you need a loan. In the UK maintaining a...
Invoice trading could be the answer. In many ways, invoice finance can be a great tool to keep your business either ticking over or if you’re ambitious and seeking growth it can help with that...
With so many different types of invoice finance being offered, negotiating for invoice finance is often regarded as a real headache – it’s an industry that can be laden with jargon and...
First off though, what is invoice finance? It’s a form of short-term borrowing that allows a business to access funds against its sales before the customer has actually paid. The UK has the...
When it comes to a growing company, cash is king. Failing to accurately forecast and manage your cash flow can quickly turn into a nightmare – killing otherwise great businesses....
Increasingly long and late payment terms from customers can exacerbate the problem – and that’s where invoice trading comes in handy....
Of course there are many variables, but generally, your business will be eligible for invoice finance if it meets these two basic requirements:...
Is it right for me? Most young businesses experience times when they have used a lot of cash to fulfil an order for a customer and a long wait for that customer to pay can create a real challenge for...
Article contributed by: Kriya...
CONTACT KRIYA...
Our mission at Kriya is to make the world of finance more efficient and transparent for small and growing businesses....
At Kriya, we aim to cut through the jargon and clear the air around pricing....
The speed of growth and innovation in FinTech and alternative finance has been phenomenal in the last two years. London’s FinTech sector attracted record levels of investment in 2014 and now...
Kriya was formerly known as Marketfinance and Marketinvoice. ...
http://www.fundinvoice.co.uk/articles/invoice-trading-marketinvoice.html - It Pays To Advertise
No matter how wonderful your think you product or service is, or indeed how perfect it is for your chosen market, if you don't advertise, how can anybody know about it?...
The goal of any advertising program should be to cost-effectively reach as many of your key target audience possible and attract new customers. If done correctly, advertising can be a wonderful...
Despite what can be seen or portrayed on the TV series Mad Men advertising can be a tricky game. Here are 10 important tips to help you plan, execute, and monitor your advertising programme....
1. Establish your key target audience...
Before you spend a penny, you must know who is going to be likely to spend money with you to buy your products and/or services....
There is no point promoting 'Ice to Eskimos'. But bars and restaurants may buy the ice you're making...more importantly you need to establish precisely 'who', or 'what...
2. Communicate with your audience...
An advertising campaign should be geared toward your niche market. It is a common mistake to create generic ads that do not speak the language or grab the attention of your potential customers....
Ask yourself 'what kind of customers you want to attract, how can I make this barman interested in my ice?'...
3. Highlight Your Competitive Advantage...
One of the keys to all advertising is to accentuate the pros of your company - those factors that give you your competitive edge. Too many ads are clever but fail to sell the specific benefits of the...
4. Establish an Image...
Most people will recognise the infamous McDonald's arches, as too does one instinctively know when something is the original (!). Likewise, there are plenty of products that you recognise by...
Image counts when it comes to advertising and promoting your business. Too many advertisers do not work to build a consistent image, and they're missing the chance to make an impression on...
5. You Have to Spend Money to Make Money...
There are ways to save money, but advertising is typically not the place to cut corners. Doing so will affect sales, and that affects the bottom line. Successful advertising may cost money but that...
Moreover, avoid allowing your budget to run your advertising campaign. If you budget the same amount of money per month for advertising, you've made it very easy from a bookkeeping perspective....
6. Advertise in the Right Places...
Your favourite magazine, e-newsletter or exhibition, may not be a favourite of your audience/prospect. Do some research on your target market to understand who they are and determine what they read,...
7. Diversify...
It is all too common for business owners to choose the best place to advertise based on price and potential rate of returns, and then stop. As is the case with investing, you do not want to put all...
8. Don't Try to Be Everything to Everyone...
No product or service will appeal to everyone. Many business owners, including corporate executives, try to create ways to reach every possible market. This does not work. It can spell disaster for...
9. Test Your Ads in Advance...
If you have the time or money to invest in focus groups, you should test your ads on other people. Do they understand and accept the message you are trying to convey? If not, get insight into how you...
There are other less-expensive ways to test your ads as well -- questionnaires, for example....
10. Monitor Your Ads...
It is very easy to ask new customers or clients where they heard about you. As simple as this is, many entrepreneurs do not bother to do so. It is advantageous to understand which elements of your...
Written by: Lee MorrisionDirector of In Association, a specialist advertising and design company....
CONTACT IN ASSOCIATION...
The Key of the Door!...
Bromley based ‘In Association' celebrates 21 years in advertising and design....
Since 1992 In Association has supported clients to enhance their image and profitability through creative branding, advertising, online & direct marketing, public relations and print production....
With a passion for Care, Directors Lee Morrison and Steve Lansdell, broadened their horizons in 2003 by creating The Artemis Team that supports young care leavers and families across the South East....
In 2006, Lee and Steve acquired ‘The Heathers', a Residential Care Home for the elderly with EMI, in Shortlands. Helen Johnson, Manager remarks 'Our residents enjoy their twilight...
'2013 is a year of celebration', states Steve Lansdell. 'We look forward to reaching more landmarks with existing and new projects. We must thank all our clients and staff for their...
Further information call 020 8697 6976...
http://www.fundinvoice.co.uk/articles/in_association_pays_advertise.html - Government Tackles Late Payment
The Conservatives, as a key plank of their manifesto, announced that they wished to introduce a small business conciliation service to reduce late payment problems. This service will help to settle...
Sajid Javed, the new Business Secretary, has stated: “There’s a situation familiar to small business owners up and down the country. A letter turns up from a larger customer changing...
Late payment is and has always been an issue but it appears to be on the increase with a number of high profile cases of large corporations abusing smaller suppliers through delayed payment of...
John Allen, National Chairman of the Federation of Small Business, stated: “we look forward to seeing the details of the proposed Small Business Conciliation Service and how it will address...
SMEs have always had issues with chasing payment and the measures announced in the Queens Speech will help to address some of these concerns, however, it is invaluable that SMEs have the right tools...
Article contributed by Stephen Chater of Cash Flow Professionals...
For more information on the Hub, and how it can help your business please:CONTACT CASH FLOW PROFESSIONALS...
http://www.fundinvoice.co.uk/articles/new-government-tackles-late-payment-cash-flow-professionals.html - Pre-Pack Pool Update By Andy Pear Of Moorfields
2nd November 2016...
In 2013 the Government commissioned a probe of administrations and in particular those that allow firms about to collapse to be restructured and sold to new owners (typically, the existing...
There were around 800 pre-pack administrations in 2015 and around one third of these involved sales to connected parties. Creditors often feel frustrated when they see the business and assets of an...
For some time now, there have been various best practice guidelines for insolvency practitioners to ensure that any business sold via a pre-pack is properly exposed to the open market and that some...
The prospective purchaser, where a connected party is involved, may make an application to the Pool via a secure, online portal. Based on the information submitted, the independent Pre-pack Pool...
The Pool, operated by Pre-pack Pool Limited, works on a user-pays principle. The process costs £800 plus VAT per application....
Insolvency practitioners ensure that connected parties considering acquiring a company’s business or assets through a pre-pack purchase are aware of their ability to approach the Pre-pack Pool....
The website at www.prepackpool.co.uk includes a number of questions and answers about the operation of the Pool....
Submission of the pre-pack proposals to the Pool will demonstrate to creditors that the insolvency practitioner and the purchaser consider that a sale of the business via a pre-pack is the best...
The process itself and availability of the pre-pack pool is intended to engender trust in pre-packs as a restructuring tool when a connected party is involved. Often such a disposal is the best...
There are, of course other reasons and motivations why the directors of a collapsed business are sometimes able to pay more than bidders in the open market. These include personal guarantees that may...
Since inception, a number of concerns have been raised about the pre-pack Pool....
Insolvency Practitioners were already obliged to provide detailed information to creditors under the requirements of SIP16 and there was already an opportunity for creditors to challenge decisions...
The pool has created a further layer of bureaucracy in the pre-pack process with additional cost. There is also concern that the individual members of the pool may not be sufficiently briefed on the...
The Pre-Pack Pool has now been in existence for 12 months and it’s apparent that the vast majority of applications to the Pool have been given a clean bill of health. A relatively small number...
As a specialist in the restructuring firm Moorfields, Andy is passionate about finding creative solutions for business owners who are faced with challenging circumstances. If you’re a director...
REQUEST A CALL BACK FROM ANDY PEAR OF MOORFIELDS...
http://www.fundinvoice.co.uk/articles/pre-pack-pool-bm-advisory.html - 6 Ways to Reduce Invoice Finance Costs
Whether you already use invoice finance or are new to the market, you will want to know that you are getting the best deal possible. Therefore we have noted below 6 ways for you to save money and...
http://www.fundinvoice.co.uk/articles/reduce_invoice_finance_costs.html - Selective Invoice Finance By GapCap
REQUEST A CALL BACK FROM GAPCAP...
Invoice finance might not be something you consider on a day-to-day basis, but cash flow issues may well be a contender. In fact this concern might be more common than you think in the UK. According...
However, cash flow issues can be easily combated with the use of selective invoice finance (SIF), a backbench service that is now wrestling for its place at the forefront of financial solutions....
You may well be wondering how SIF, also known as spot factoring and invoice discounting, differs from factoring. The difference is that in this case, you stay in control of your full sales ledger,...
SIF is a great way to ease your cash flow as it helps to:...
The UK is a big player in the alternative finance market place with an average growth rate of 159% as compared to 115% for the rest of Europe according to the European alternative finance...
Article contributed by Jack Trowbridge of GapCap....
REQUEST A CALL BACK FROM GAPCAP...
http://www.fundinvoice.co.uk/articles/selective-invoice-finance-gapcap.html - Cashflow Forecasting Is Not An Option Its A Must
Simple rules for successful Cashflow Forecasting:...
Three formats to use:...
Once you have your Cashflow Forecast up and running you'll then start to see potential issues coming towards you, like a gap in funding needed to pay key bills, as opposed to just crashing into...
So don't delay, start Cashflow Forecasting today. ...
Alan J McCaffertyFounder & Chief ExecutiveSimply Cashflow - Providers of Cashflow Forecasting Business Management Tools...
CONTACT SIMPLY CASHFLOW...
http://www.fundinvoice.co.uk/articles/simply_cashflow_cashflow_forec.html - Top 6 Invoice Finance Companies For Service
A survey of 2,000 randomly selected existing users of invoice finance was conducted in 2013 and these were the top 6 invoice finance companies that received the highest ratings from their clients for...
http://www.fundinvoice.co.uk/articles/top_6_invoice_finance_companies_service.html - Zen And The Art Of Invoicing
Just like farmers need rain and scholars need books, business people need cash....
There are some enterprises of course where cash is not a limiting factor for business survival. Typically these will be larger service based organisations or those whose customers pay in advance. But...
Trade credit was originally conceived by merchants who calculated that if they didn't demand immediate payment until after they had a chance to market their wares, their customers would be more...
In truth, for large companies buying from small companies and for firms not reselling goods, terms of trade should not really be necessary. But as noted above, the practice is so ingrained it is...
So what is a small company to do? Whilst a business owner might try a ‘Canute' like stance by say specifying "Net 7 days" terms, this is unlikely to have much effect and may well serve to...
However even for the best run business, especially those with tight margins, these measures will not be enough, especially if the business is growing. For these businesses Invoice Factoring could be...
When an invoice is factored, the debt is sold to a finance house that regards the debt as an asset and will be prepared to advance cash against it. This effectively brings forward the payment cycle...
Until comparatively recently though, Factoring (or in its undisclosed form, Invoice Discounting) was only practical for larger companies because it required a long term commitment, minimum monthly...
WCP started in 2010 and since its inception has funded more than £20m of debt with an average invoice size of just £5,000. ...
WCP's flexible, single invoice discounting product is a new way for a small business to finance its growth. ...
Perry BurnsManaging DirectorWorking Capital Partners Ltd ...
http://www.fundinvoice.co.uk/articles/working_capital_zen_invoicing.html - How To Sell More High Value Equipment
Often when faced with a major expenditure, customers can deliberate, delay and even pull out of a sale. By offering an alternative, less daunting finance option, manufacturers and resellers can close...
Many of the resellers that I work with are able to offer a monthly payment option to their customers, by using our service. It is the difference between, for example, a c. £100,000 capital...
The process works as follows:...
Compare this to offering your customers extended payment terms of 60 or 90 days where you will be out of pocket (having paid the supplier for the goods) for a much longer period of time. When a...
Leasing, one of the various options available, has many benefits to your customers, including the tax advantages of being off-balance-sheet and the fact that 100% of the rentals can be offset against...
A key thing to remember is that there is no cost to suppliers – the customer pays interest on the amount borrowed and you get paid quicker and have the opportunity to sell higher-value...
I have access to the cheapest providers of this kind of finance, so even if you already have a similar arrangement, we are likely to be able to improve on the available rates and therefore your...
CONTACT A SPECIALIST...
http://www.fundinvoice.co.uk/asset-based-finance/how-to-sell-more-high-value-equipment.html - Invoice Finance Guide
Welcome to our invoice finance guide, which may be better described as a guide to receivables financing. It explains all the key information that you need to know if you are considering using this...
COMPARE QUOTES NOW...
It is difficult to find an independent definition of invoice finance online, which can also be referred to as receivables finance, factoring, invoice discounting, sales finance or supply chain...
"Invoice finance is a way for a business to borrow money based onamounts due from customers that are businesses."...
In very simple terms, invoice finance means that a business can receive a "prepayment" against its unpaid sales invoices (typically between 70% and 100% of invoice value) so that they don't have...
If the business has a whole sales ledger of outstanding credit invoices, a large tranche of cash can be released in one go when the prepayments against each invoice are combined. Having this kind of...
The rest of this guide will explain the research we have undertaken regarding these products, the way they work and the different types of facilities that are available. It also includes funding...
Funding only is known as an "invoice discounting" facility, whilst funding with a credit control service is called "factoring". There are many variations, which are explained below....
We have undertaken extensive market research regarding receivables finance, and some of our key findings, which will be important to anyone considering using these services, are as follows:...
See our "30-second video guide to invoice finance" below:...
These services are provided by "invoice finance companies", of which there are over 100 in the UK. Some are specialists handling particular types of products or industry sectors, others provide the...
There are a growing number of "fintech" providers who essentially provide their services via online platforms. In some cases, these may provide cheap funding, but that is not always the case in this...
The key is to understand exactly what you are looking for and to match the provider accordingly. The service element of any facility is particularly important. It is not always like a mortgage, you...
We have undertaken extensive service quality comparison research between different providers. We have found that average service quality ratings (given by existing clients) have ranged from 4 out of...
Also, please see our free guide to understanding factoring agreements....
The providers can also be divided according to the organisations that provide their backing. Those that are bank-owned (by this we tend to mean high street banks) or those that are independent. Even...
The type of partner that you choose will tend to be driven by the nature of your situation and what you need. For example, we have undertaken a lot of market research into service quality levels...
There are a number of specialist service providers. These often serve particular niches (such as those wanting to select invoices to get funded) or particular industry segments....
For example, there are specialist financing services for sectors such as:...
Learn more about SME invoice finance generally....
There can be many benefits from using this kind of service, we will attempt to give a full explanation of the benefits below. Firstly, receiving a cash injection can greatly improve your working...
The other benefits depend upon the exact nature of the service that you choose (product variants are discussed below), but they include:...
There are many misconceptions and misunderstandings about these services, often due to a lack of market knowledge. Clients are often unsure about aspects such as the requirements for providing...
Also, some customers consider using a commercial loan as an alternative to invoice financing. This can impact the amount of funding released over time, as explained in this article: Comparison...
There are numerous different types of products under this banner term. The phrase is an umbrella term for a wide range of financial product variants that can be broken down in a variety of different...
Some providers also use proprietary product names, which can complicate matters further....
There are two broad product options: factoring and invoice discounting. In simple terms, discounting is just the finance, and factoring includes a credit control service. I have written in some...
When comparing invoice discounting vs factoring, examples can be found of both being the most beneficial option for particular cases....
The best solution will not be the same for all businesses. If you need assistance with your credit control, factoring is likely to be more beneficial. On the other hand, businesses with an...
Another important benefit when considering factoring vs invoice discounting is that factoring is more readily available than discounting, and the criteria for ID are often stricter. The control of...
In brief terms, the options, with both those types of products, are:...
Non-recourse means that the service includes bad debt protection, such that the funder will cover a shortfall if an approved customer fails to pay an invoice that falls within a pre-agreed credit...
You can achieve a similar situation by having a stand-alone credit insurance policy for your business. However, this can be more expensive as with bad debt protection, the provider is often...
Selective (also called "Spot" or single invoice finance - SIF) means that you pick and choose which invoices you want to fund against. Often with no obligation to ever use the service again. This can...
Selective debtor invoice finance is slightly different in that it allows you to pick and choose the debtors that will be funded and you’ll be charged for, whilst excluding your remaining...
Confidential services are operated such that your customers are unaware of the involvement of the funder. Even if they are providing a credit control service, it is undertaken using the name of your...
There are a whole host of additional services that you can add to your facility. These can include:...
If you need help getting a receivables financing facility approved, a broker can help you improve your chances of success....
The qualification criteria are driven by the type of service that you are seeking. However, the nature of these services is such that some form of funding can be made available to most businesses,...
Read more about When To Use Invoice Finance and our article about Avoiding Rejection Of Your Application before you proceed....
The UK Invoice Finance Accessibility Index estimates how much appetite UK providers have to offer these services at present. This gives new and existing users an idea of how liberal the UK...
The basic requirement is that you are a company selling to other businesses on credit terms. It doesn't matter if you are a new startup or an established business. Similarly, size is not a...
If you are a group of companies, the funding can be put in place for all group companies, the holding company and/or its subsidiaries (or sister companies)....
There are also niche retail finance products that can allow a retailer (who doesn't sell to other businesses on credit terms) to get funding against the volume of sales transacted through their...
The criteria will also vary between different providers. Some will take a more cautious view than others, not all will handle startups or companies that are in distress. However, there are various...
In very simple terms, this is how it works:...
The whole process can be handled in a manner that is totally confidential from your customers, this can be with or without a credit control service being provided in the name and branding of your...
You can find more details about how invoice finance works here....
See also these Detailed Sales And Operational Process Explanations and details of How To Integrate Invoice Finance With Your Accounting Software....
The pricing varies depending on the type of product used and the pricing policy of the provider that you choose....
We have undertaken pricing comparison research for products such as recourse factoring, and we have identified wide ranges in pricing quoted to the same company. For example, in a recent mystery...
The way the charges are structured is explained in this article: Invoice finance pricing. It also has examples of indicative pricing for various product variations and sizes of business....
In broad terms, the pricing is likely to be as follows:...
Even if you look at those parameters and think you need a better rate, it may still be possible to achieve that as the providers will often pull out all the stops to quote for a deal that they want...
If you have existing quotes or a current facility, please see also: Check My Invoice Finance Pricing Against The Market...
The amount of funding provided varies again according to the product, the provider and their opinion of the level of risk that your account presents. Typically, 85% is a normal headline rate for core...
Use our invoice finance cash calculator to estimate how much you might be able to raise....
Another funder has launched a service whereby they will offer to buy your invoices outright at their full value (less the fee for the service)....
In sectors such as construction, 70% is a more typical funding percentage....
The actual level of funds advanced may be subject to additional deductions such as debtor credit limits, prime debtor restrictions and disapprovals due to ageing, to name but a few. When choosing a...
Some funders will require personal guarantees from directors, and some require that they are homeowners. However, there are exceptions. See this article: Are Personal Assets Required To Secure...
There may be a point at which either you or your provider decide that you want to terminate the facility. This can be for a variety of reasons and may or may not be subject to a period of notice,...
If you have been asked to seek alternative facilities by your provider, see our Guidance If Your Provider Withdraws From The Market....
UK Finance (which absorbed the ABFA - Asset Based Finance Association) is the trade body responsible for many of the providers within this market. However, not all providers are members. Those that...
If you have an issue with your provider, we have extensive guidance on our website about how to deal with complaints about invoice finance....
If you need more help please call Sean on 03330 113622, but we hope you have found what you need in our free guide to invoice finance....
http://www.fundinvoice.co.uk/asset-based-finance/invoice-finance.html - Innovation Finance Limited
This is the FundInvoice contact page for Innovation Finance Limited, one of the invoice finance companies that we work with....
You can apply for a quote from Innovation Finance....
Innovation Finance is a family run, St Leonards-on-Sea, East Sussex based invoice finance company. The business was started in 2011, and is owned by a family who will take an entrepreneurial approach...
Innovation are completely independent of the high street banks and they value both the simplicity and best practice of the services that they provide. All their clients have direct access to decision...
Innovation Finance offers the following products:...
Customers benefit from a fully electronic interface with Innovation, that enables them to upload schedules of invoices and apply for customer credit limits, securely online. The same online system...
Innovation provided funding lines of between £10,000 and £500K, and are able to finance:...
This is an article that Innovation contributed to FundingVoice magazine: Funding For New Startup Businesses...
http://www.fundinvoice.co.uk/business-finance-companies/innovation-finance-east-sussex.html - Nucleus Commercial Finance
Nucleus Commercial Finance are independent alternative funding providers that offer a full suite of business financing facilities, and are members of the FundInvoice business funding panel....
CONTACT NUCLEUS COMMERCIAL FINANCE...
Nucleus pride themselves on being able to deliver the stability of bank finance, but with the flexibility and speed of the alternative lending sector....
They offer a comprehensive suite of products for SMEs including:...
They are able to provide both factoring and invoice discounting options, also with the addition of bad debt protection....
Top up funding is available in the form of cash flow loans and Nucleus also offer a Business Cash Advance product that provides flexible funding repaid by a percentage of the income your company...
They have a specialist start-up finance option, whereby new companies receive an interest only loan, to help get them off the ground....
Their business loans have interest rates starting from just 5%, and they can provide both property finance and bridging finance. They also offer an Overdraft ID product which is an alternative to...
Specialist niche finance is provided via their Education Finance product, which can be used to fund training and education invoicing, for example in respect of apprenticeships. The construction...
To request a quote please use our contact form to request a call back from Nucleus Commercial Finance...
http://www.fundinvoice.co.uk/business-finance-companies/nucleus-commercial-finance.html - Skipton Business Finance
Skipton Business Finance are part of the Skipton Building Society Group, and offer a range of working capital facilities to businesses. Skipton have been voted in the top 100 companies to work for in...
REQUEST A CALL BACK FROM SKIPTON BUSINESS FINANCE...
Skipton can support new start companies through to established concerns, with funding lines of between £25,000 and £5m....
They offer a variety of different working capital funding solutions, including:...
http://www.fundinvoice.co.uk/business-finance-companies/skipton-business-finance.html - Case Study Car Body Repairer Funded
Car body repairers are one of the more niche sectors that can be highly suited to using funding against unpaid sales invoices. FundInvoice has just found funding for a repairer that was turning over...
The sector is highly suitable as there is normally a signed approval from the insurer, against which it is easy to get funding....
The deal was completed without the need to take a debenture over the assets of the company and without the directors having to give any personal guarantees....
http://www.fundinvoice.co.uk/case_studies/300000-car-body-repair.html - Case Study 42 Percent Cost Saving Via Magazine
FundingVoice magazine is our free, monthly invoice finance magazine that keeps subscribers up to date with our latest offers. One of our subscribers recently made a huge cost saving after contacting...
We were able to make a significant saving for a client of c. 42% on existing combined service charge and discount charge (excluding other fees), by moving them to a CHOCs facility. This particular...
Light touch normally means that the provider only chases the most significant debtor accounts on the sales ledger of a customer. This can mean that only the top 10 debtors, or so, are being chased by...
A bit more jargon! CHOCS means "customer handles own collections", this is an alternative form of invoice finance whereby the customer is responsible for all the credit control activity, hence it can...
http://www.fundinvoice.co.uk/case_studies/42-percent-savings-chocs.html - Case Study Factoring For Care Home Staff Recruitment Agency
We were approached by a new start care home staff recruitment agency that was looking for some additional working capital. Despite being a new start the recruitment agents were projecting a turnover...
Recruitment sector businesses are ideal for factoring so we were able to find them a recourse factoring facility with a bank-owned factoring company that was happy to help a new start business. The...
Nursing homes and residential homes for the elderly often need the flexibility of being able to access additional temporary staff at short notice so staff agencies serve a vital purpose in providing...
The provision of such staff is highly suited to factoring which can be an ideal way of funding a staff recruitment agency....
http://www.fundinvoice.co.uk/case_studies/care_home_staff_recruitment_factoring.html - Case Study Car Body Crash Repairs
We have just found a specialist bodyshop factoring facility for an established garage which undertakes car crash repairs, paid for by insurance companies. Approximately 25% of our client's sales...
We found them a factoring facility with a specialist factoring company that handles the car bodyworks sector. Funding of 95%+ will be provided against their sales invoices as soon as they raise them...
The first payment was made to our client within just a few hours of them signing the documents and submitting their first invoice to the factoring company....
http://www.fundinvoice.co.uk/case_studies/car_body_crash_repairs_insurance.html - Case Study Find Finance For A Permanent Recruitment Agency
In this recent case study FundInvoice was able to find finance for a permanent recruitment agency that was looking to expand into offering temporary placement recruitment. This small business was...
This particular recruiter wanted more working capital from invoice finance for recruiters, in order to be able to meet the wages bills as they expanded into the temporary recruitment sector. With...
Typically, invoice financing companies are less keen to fund against permanent recruitment invoices, often because the underlying contracts can include clawback clauses. These sometimes dictate that...
In this case, we were able to find our client 60% prepayment against permanent placement invoices, and 90% against temporary placement invoices. This funding formula addresses the different levels of...
http://www.fundinvoice.co.uk/case_studies/case-study-permanent-recruitment-agency-finance.html - Case Study Translation Service
FundInvoice recently assisted a Translation Services provider who was not happy with the credit-control collections service that they were receiving from their existing full service sales finance...
Although they don't have a requirement for funding, they have the option in place, in case of need. This can be a relief for any business, to know that they have instant access to funding if...
http://www.fundinvoice.co.uk/case_studies/case-study-translation-service.html - Case Studies
The case studies on this page illustrate a few of the various clients for whom FundInvoice LLP has successfully helped find business finance....
Finance may have been provided via simple business loans, invoice finance or specialist funding for particular industry sectors....
We specialise in being able to help difficult cases that have struggled to access the funding they need from other lenders....
We can normally help, even if you are experiencing difficult circumstances or have a poor credit history. Some cases below demonstrate how we have supported companies in similar circumstances....
If you need to find similar funding, please use our: ...
INDEPENDENT QUOTE SEARCH SERVICE...
These are some of the companies that we have helped:...
[LIST DO NOT DELETE!]...
http://www.fundinvoice.co.uk/case_studies/case_studies.html - Case Study Confidential Invoice Discounting
This case study demonstrates how FundInvoice were recently able to help a business turning over £3 million per annum find a Confidential Invoice Discounting facility to drastically improve...
This is often the case as receivables financing tends to release more cash than a bank overdraft when the trade receivables are the primary security. Additionally, receivables finance normally...
The biggest issue with bank overdraft is that it rarely grows in line with the growth of a business. Often the amount of an overdraft is normally a finite value based upon the value of the security...
For each sales invoice that is raised, an agreed percentage of funding will be immediately released. The more invoices the business raises, the more funding gets released to the business. Loans and...
Confidential Invoice Discounting was able to deliver an improved level of working capital to this medium-sized business and the facility was still provided by a major UK bank, giving them peace of...
http://www.fundinvoice.co.uk/case_studies/case_study_confidential_invoice_discounting.html - Case Study Too Small For Factoring Company
This case study concerns a small company using #factoring that had to move between providers as their existing factoring company changed their criteria and decided that it no longer wanted to handle...
It is hard to believe in the current climate that any factoring company would seek to offload existing clients but this particular case was an example of that. The factoring company concerned had...
We were able to help this client move to an independent factoring company that is owned by a major bank, giving the client peace of mind that their funding line would be secure. The factor was also...
If you are a small company looking for factoring or any other form of invoice finance, don't worry - there are plenty of options available that we can suggest....
http://www.fundinvoice.co.uk/case_studies/case_study_too_small.html - Case Study CID For 15M Turnover Company
We deal with all sizes of customers and have seen companies with turnovers ranging from single invoices of £5,000 to £250 million annual turnovers. In a recent case, we were asked to find...
Confidential invoice discounting gives our customers finance against their unpaid sales invoices without the need to give up control of their credit control function. The arrangement is completely...
This particular customer already had a facility with a well-known invoice discounting group but after some restructuring changes, they decided to review their arrangement and look for a better deal....
http://www.fundinvoice.co.uk/case_studies/cid-15-million-turnover.html - Case Study Small Business Confidential Factoring
Confidential factoring was recently provided to a small business that wanted an outsourced credit control service but wanted it to be branded under its own company name....
Companies often like the idea of an outsourced credit control service but want it to appear as if it's their own staff contacting the customers. Confidential factoring provides just this...
This type of service can save a business money, as they don't need to employ their own credit controller(s), and it can make the business look very professional, as to the customers it appears...
See our article about other financing options for smaller businesses....
http://www.fundinvoice.co.uk/case_studies/confidential-factoring-small-business.html - Case Study Dry Cleaning For Hotels and Bed And Breakfasts
Sometimes, customers don't want to raise finance against all of their debtor book. This was the case for a recent client that supplied dry cleaning services to hotels and several...
This particular client had a small number of large hotel chains that he supplied, and so he was looking for funding, selectively, against those debtors. However, he did not want to submit the...
FundInvoice were able to find a recourse invoice factoring facility for our client, which would provide the finance that they needed for growth. This finance was provided solely against the hotel...
The facility that we found them was provided at approximately half the cost that was quoted for a true selective or spot factoring facility, whereby they would choose individual invoices against...
Article - Selective Invoice Finance Vs. Wholeturnover...
http://www.fundinvoice.co.uk/case_studies/dry-cleaning-for-hotels-bed-and-breakfasts.html - Case Study Factoring for Healthcare Recruitment
A new start-up recruitment company, dealing with the healthcare sector, contacted us for help with their cash flow....
They were expecting a turnover of £180,000 in their first year but I had one director that was not a home owner and who had a previous poor personal credit history. They were seeking funding...
FundInvoice were able to find the new start-up company a factoring arrangement, with a well-known factoring company, that we're able to provide the funding that will meet their growth ambitions....
If you have issues with previous poor credit history, or not being a homeowner, there are still many funding options out there if you know where to look. At FundInvoice, we specialise in helping...
http://www.fundinvoice.co.uk/case_studies/factoring-for-healthcare-recruitment.html - Case Study Factoring To Buy Out A Director
This case study highlights a slightly different aspect of how the cash released from factoring can be used....
In the case of this construction sector business they were looking to raise money for two purposes:...
We were able to introduce them to a factoring company that we're able to provide the finance for both these purposes. In addition to helping to fund the growth of the business, and the...
It is also worth commenting on the industry sector that this client operates within i.e. construction. Not all invoice finance companies are prepared to finance construction sector businesses but...
http://www.fundinvoice.co.uk/case_studies/factoring_buy_out_director.html - Case Study Funding Against Invoices To A Neutral Vendor
FundInvoice were recently able to assist an established recruitment business, with an annual turnover of £1.8 million. The company were already using a factoring facility, which was provided by...
The prospect company was experiencing funding restrictions because the bank was unable to provide adequate funding against their prime debtor, a neutral vendor company - also known as an RPO....
This is a funding issue that we come across before and we were able to introduce the prospect to a factoring company (backed by a well-known bank) that we're able to offer a significant...
Blog Post - Recruitment Factoring Companies...
Article - Funding Against RPOs...
http://www.fundinvoice.co.uk/case_studies/funding-against-invoices-to-a-neutral-vendor-recruitment-factoring.html - Last 6 Case Studies
This is a summary of half a dozen recent factoring and invoice finance clients for which FundInvoice successfully found facilities. It provides a flavour of the different sizes, trades, products and...
A facilities management company, with an annual turnover of more than £4m found a cost saving of c.50% on their existing invoice finance charges. We conduct regular mystery shopper pricing...
Recourse factoring was provided to a business turning over £1,600,000, by an independent invoice financing specialist. The client had developed relationship problems with their existing...
We were able to help a new startup recruitment company serving the oil and gas industry with both payroll assistance and funding to support their future growth. With a payroll management solution,...
A government green deal scheme contractor, offering insulation installation services, with a projected turnover of £450,000 pa was able to use recourse factoring to fund the growth of their...
We were able to find both a payroll management solution and an invoice factoring facility for a new start-up business within the recruitment sector. The business was anticipating a turnover of...
One business that we were able to help was unhappy with their existing invoice finance provider as they were unable to work with the electronic system that the factoring company used. We were able to...
The 6 case studies above show that we can assist with several different scenarios and products:...
http://www.fundinvoice.co.uk/case_studies/last_6_deals_case_studies.html - Case Study One Off Cash Flow Fix For Marketing Agency
Many companies do not want to be tied into funding arrangements long-term, and there are very short-term deals available. An example was a Marketing Agency that we were able to assist recently. One...
We put them in touch with an invoice finance company that specialises in funding single, one-off transactions, for short periods of time, without any contractual lock-ins to ever use their service...
The great news for our clients is that they now have this funding option in place, should they ever need temporary cash flow help in the future, however, they have absolutely no obligation to use the...
For help please call Sean on 03330 113622....
For more, free, online resources regarding selective financing arrangements:...
http://www.fundinvoice.co.uk/case_studies/marketing-agency-one-off-cash-flow-fix.html - Case Study Factoring A Phoenix Of A CVA
Sometimes people need a second chance, even in business. This case study relates to a business that had entered into a CVA (Creditor's Voluntary Arrangement) but that arrangement had failed. You...
FundInvoice found this construction sector business a recourse factoring facility with an independent factoring company. They will provide both funding against unpaid sales invoices and a full credit...
Even with a previous history such as this, factoring can still be available as it focuses on the strength of your receivables, rather than the financial strength of your company....
http://www.fundinvoice.co.uk/case_studies/phoenix-construction-cva.html - Case Study Prepayment Restrictions Due to HMRC Arrears
Making cost savings for clients is not always the primary objective with a case. We were recently involved with a customer who has experienced a reduction in their prepayment percentage, from their...
In cases where there are HMRC arrears, it is common for factors to start to restrict funding as they fear that HMRC may take action and the client could be wound up. In such situations the factor...
We found our client an alternative provider that was able to take a slightly different tack. On the basis that the client negotiated a repayment schedule with HMRC, they were happy to revert to the...
The negotiation of the repayment schedule with HMRC was stipulated as a pre-condition in the offer to our client. This means that they have to satisfy that condition prior to being able to draw down...
In addition to securing this reinstatement of the funding percentage, the new funders also offered a £50,000 top-up facility (against other security). This additional funding was to enable our...
Article - Help Paying HMRC Tax Arrears...
http://www.fundinvoice.co.uk/case_studies/prepayment-restrictions-hmrc-arrears.html - Case Study Factoring A New Start
This case study concerns a new start recruitment company that was projecting to achieve a turnover of 500K in their first year of trading....
FundInvoice were able to find the recruitment business a recourse factoring facility with a bank owned factoring company that will ensure that the business gets the working capital that it will need....
The recruitment sector is also perfect for forms of invoice finance such as factoring as the invoices are clearly supported by signed worksheets once the temporary staff have completed their duties....
Recourse factoring provides funding against unpaid sales invoices and credit control support with the collection of the outstanding sales ledger. It can therefore be a perfect solution for new start...
http://www.fundinvoice.co.uk/case_studies/recourse_factoring_newstart.html - Case Study 50 Percent Saving On Costs
Every so often we are able to help a client by finding them huge cost savings on their invoice discounting costs. On average we can find 81% of invoice finance clients a cost-saving and the average...
Our client trades in equestrian supplies and they were using Confidential Invoice Discounting from an invoice finance company. They wanted to save some money and so we searched the invoice finance...
This case proves that substantial savings are available within the invoice discounting market....
Average savings updated August 2018 to 34% over the last year....
http://www.fundinvoice.co.uk/case_studies/saving_confidential_invoice_discounting_costs.html - Case Study Spot Factoring Help
We were recently contacted by a client that needed spot factoring help to secure funding against selected invoices during cash flow peaks. The client didn't want to be tied into a contract that...
We found them a spot factoring facility with a substantial independent spot factoring company that could allow them the flexibility to select particular invoices against which to receive funding. The...
If you want a quote for spot factoring, without obligation, just complete the form to the right of this page....
http://www.fundinvoice.co.uk/case_studies/spot_factoring_case_study.html - Case Study London Based Web Advertising Company
In this case study, FundInvoice recently helped a London based web advertising company find finance for growth through a recourse factoring facility. This kind of technology business could be...
However, we were able to help them secure a recourse factoring facility, with a reputable independent factoring company, that would allow them to finance their future growth....
The benefit of using factoring is that in addition to finance it also provides our client with a full credit control service. The particular independent factoring company we paired them with are...
http://www.fundinvoice.co.uk/case_studies/web-advertising-london.html - Bibby Construction Finance
Bibby Financial Services (BFS) is the largest independent invoice finance company in the UK, with a network of nationwide offices. They were formed in 1982 and are a subsidiary of the Bibby Line...
Bibby Construction Finance is a specialist division that has been funding sub-contractors in construction for over a decade....
REQUEST A CALL FROM BIBBY ABOUT CONSTRUCTION FINANCE...
Bibby has a specialist team, including quantity surveyors, that are able to assess the complex contracts that are common place within the sector. This enables them to value the contract and set an...
As you raise sales invoices or applications for payment, a prepayment percentage is released against each transaction. This prepayment will typically be set between 40% and 80%....
Funding can be offered to companies within the sector, against:...
More information about how construction finance works....
Finance can be provided via a range of products, including:...
Criteria are subject to change but include:...
Individual quotes are provided on application....
A bundled fee, "1 Simple Fee" pricing approach is available to smaller companies with less than £100K funds in use....
http://www.fundinvoice.co.uk/construction-finance/bibby-construction-finance.html - Construction Finance Research
We have conducted a piece of market research, within the construction sector, but I thought it would be helpful to summarise the key findings of our construction sector research in this article....
Amongst the construction sector businesses that we interviewed, we found that:...
A tendency towards using applications rather than invoices, but both of these methods of operation can be eligible for funding before payment is received....
Of the 75% that raised applications:...
Over the whole sample:...
The reasons for the low take up of the product were as follows:...
Clearly, many more construction sector businesses could benefit from getting funding against either application for payment or sales invoices. Low product awareness is the key issue to increasing...
Source: UK Factoring & Invoice Discounting Market Research Summary - Part 3 - 14th May 2013 (100 construction sector businesses surveyed)....
http://www.fundinvoice.co.uk/construction-finance/construction-finance-research.html - Construction Finance Pricing Example
This is an example of a price quote costing for construction finance, where funding is made against applications for payment (an alternative to raising a credit invoice which is popular within the...
REQUEST A CONSTRUCTION FINANCE QUOTE...
This is an example of the pricing for a larger company that we found the following quote:...
At these rates (excluding the annual fee) to borrow £1,000 for 30 days would cost just c. £3.22....
This quotation reflects the company's specific circumstances but we can obtain a quote specifically for your company, please call us on 03330 113622....
http://www.fundinvoice.co.uk/construction-finance/example-construction-finance-costing-price.html - List Of Construction Finance Companies
Not all invoice finance companies are able to finance the construction sector. Therefore, we have constructed the following list of construction finance companies that can help fund transactions and...
Funding may be provided against sales invoices or against applications for payment (in some cases)....
The exact methodology will vary between different providers but we can discuss what you need and tell you the differences between providers....
If you would like us to search the market for you, we offer a free, independent quote search service for the construction sector. To use our service you can either call Sean on 03330 113622 for a...
If you want to contact construction finance companies directly, please use the links below (in alphabetical order):...
These providers will handle construction finance against all of your transactions. Use the links below to find out more and request a call back from these sector specialists:...
These providers will allow you to select transactions to receive funding against, and they will consider funding within the construction sector:...
http://www.fundinvoice.co.uk/construction-finance/list-of-construction-finance-companies.html - Request A Call Back
You can request a call back using the form below:...
[FORM DO NOT DELETE!]...
http://www.fundinvoice.co.uk/contact_us/contact_us.html - Example Of A Debtor Statement Of Account
Below is an example of a template for a debtor statement of account, which contains some example items....
If you have outstanding invoices, you can RAISE FINANCE AGAINST UNPAID DEBTOR ACCOUNTS...
This is the template:...
This is a Word template document sample of the above example document:...
This is a list of all the information that you should include in a debtor statement of account:...
http://www.fundinvoice.co.uk/credit-control/example-debtor-statement-of-account.html - Credit Control Guide
This is the credit control guide which will be useful reading for anyone contemplating undertaking their own invoice collection activity. It could also be referred to as a guide to receivables...
Credit control is an essential function within all businesses that want to offer credit terms to customers. This is a free credit control guide about how to do your own credit control. We thought it...
If you need help with credit control please: CONTACT US or call Sean on 03330 113622 to discuss in confidence....
Starting with a definition....
There are variations in the definition. but we define it as follows:...
"Credit control is the process of ensuring that a business only gives credit to customers that are able to pay, and ensuring that outstanding sales invoices are paid on time."...
So there are two parts to effective credit control:...
Sounds easy, but in practice, there is a great deal of technique and knowledge that goes into successfully managing the credit assessment and payment collection processes....
You can avoid the problem of undertaking your own credit control in one of two ways:...
Assuming that you want to run your credit control function yourself, the following articles provide guidance about good credit management:...
Whether you handle your credit control function yourself, via staff or through the use of a factoring company, setting a target for the amount of cash that should be collected from outstanding...
This can be particularly effective if they receive some form of reward for meeting or exceeding their target. These rewards do not necessarily have to have a financial impact of your business. For...
A "credit controller" is a member of staff dedicated to the function of undertaking credit control. These may be part-time, full time or the function may be undertaken by the owners or directors of a...
However, employing a credit controller, to undertake this task, can be expensive. Information from payscale.com suggests that at the time of writing, the average base salary of a credit controller,...
The other alternative option to employing credit controllers is to outsource the credit control function....
The first step is to set reasonable credit account limits for customers. This is the total amount of invoices that you will allow to be outstanding to a customer at any given time. This can be set...
For more details about how to credit check a customer that you wish to offer trade credit, please see our related article: How To Credit Check Customers. It explains the sources of information and...
See our related article: How I Analyse Financial Accounts and Information. This explains how I review and analyse a company's financial accounts (profit and loss account and balance sheet) in...
Any credit control system needs a system of regular contact with the debtor. Often telephone calls can be the most effective approach but sending chasing letters and statements can also help. It may...
Automated collections systems may offer you the option of automating the production of correspondence but smaller organisations may choose to develop their own manual approach. There are many credit...
How to raise invoices and credit notes - examples and templates....
One tip that might knock a few days off of your debt turn is to email your invoices, rather than relying on the post. Make sure that you get an acknowledgement of receipt though, as you don't...
See our related article for more: Credit Control Tips....
Find out, when you take an order and set up a new customer account, who you should call about payment of invoices. Often there will be an accounts department in larger businesses but a named contact...
Many organisations operate on a set payment cycle. This means that they will pay at a given point following receipt of your invoice, or after taking a given period of credit. This is important to...
Following any chasing phone calls, you should make notes of any conversations that you have with customers, recording the date and time, the name of the person you spoke to and the details of the...
OK, you need to be assertive when you make such calls and it's all about religiously following up on payment promises & overcoming excuses. However, if you can build a rapport with the...
You should develop a credit control process (timetable) that suits your organisation and reflects your relationships with your customers. This will vary between organisations. We work with a number...
You can consider "pre-dunning", which is making contact before the invoice falls due, in order to ensure that it is paid on time. This could be a call or a statement sent out a few days before the...
The chasing cycle that you use needs to be your own design, reflecting your risk appetite and your relationships with your customers. This is an example of how you might structure such a process, but...
Depending on the resource that you have available, you may choose to add collections calls at any of these points, possibly a couple of days after sending correspondence, when you can refer to the...
The key to a good credit control process is to continue to follow up diligently. If the customer is away, find out when they return and call again, if they say they will pay in 3 days, call back 3...
These are some examples of possible invoice-chasing letter templates that you could use, or adapt, for UK debtors:...
It might sound like a good idea to use social media to chase payments but in practice, it has some serious risks which are explained in our blog post about using social media to chase invoices....
These are some common payment excuses, together with possible responses: How To Handle Late Payment Excuses....
There are numerous providers that can supply a professional credit control service, this can often be much cheaper than hiring your own staff. In some cases, they can do this in the name of your...
Full information, and price examples, for outsourcing can be found here: Credit Control Outsourcing....
Case study about using an outsourced service....
Even if customers pay to terms, you may still have to wait at least a month to get paid (depending on the terms that you offer). You can bridge that credit gap using invoice finance which will...
Find out more about When To Use Invoice Finance....
There are many credit control systems that can often be integrated with your accounting software. Many of these systems provide comprehensive credit control systems that will guide you through every...
If you end up with one or more invoices past their payment terms, and it seems like the customer is not going to pay, there are services to help you: Debt Collection. To avoid the problem occurring,...
See our post that includes a list of ideas to mitigate the risk of customers defaulting on payments....
Here you can find government guidance about statutory late payment interest: Late Commercial Payment Statutory Interest. You may also be able to claim a late payment fee: Late Payment Fees....
The government have also provided guidance on the production of a statutory demand, which can be issued by your business prior to taking legal action. Their advice includes a statutory demand...
Important Notice: This guide is provided as general guidance only about credit control and does not constitute legal advice. Legal advice should be sought about your particular circumstances....
http://www.fundinvoice.co.uk/credit-control/guide-how-to-do-credit-control.html - How To Overcome Late Payment Excuses
The table explains how to overcome common late payment excuses that you may receive from debtors who owe you money when you are chasing them for payment of outstanding sales invoices....
In practice debtors may use many of these excuses, even if they are not true, to try and get more credit. The secret to effective credit control is to be as objective and thorough as possible in...
These are some common payment excuses, together with possible responses:...
View our list of the: Funniest Late Payment Excuses....
Return to the Credit Control Guide...
http://www.fundinvoice.co.uk/credit-control/how-to-overcome-late-payment-excuses.html - Example Of Invoice And Credit Note
Below are examples of templates for a sales invoice and for a credit note example. These show you the invoice format and the credit note format you could use....
If you have outstanding invoices, you can RAISE FINANCE AGAINST INVOICES...
These are the templates:...
These are Word template document samples of the above example documents:...
This is a list of all the information that you should include in a sales invoice:...
This is a list of all the information that you should include in a credit note:...
http://www.fundinvoice.co.uk/credit-control/invoice-example-credit-note.html - Overdue Invoices Local Authorities
When you secure a local authority (LA) as a customer you would think "money in the bank". Not necessarily so. Despite their standing, after you have delivered the services or product you have to get...
If you want experts to help you collect invoices from local authorities: CONTACT US, otherwise, read on for some helpful tips and advice....
This article sets out to give you some guidance when collecting overdue invoices from local authorities by examining an example of a business that has first hand experience of chasing local...
In this example, the business provides housing and support to young offenders re-entering the community. The cost of these services are met by local authorities, hence the need to collect outstanding...
We asked if it can take a long time to get paid by local authorities in some cases:...
"They tend not to 'want' to delay payments deliberately and are often extremely apologetic if they have missed invoices and cause delay in paying suppliers."....
The issue is normally one of administration rather than willingness or ability to pay....
Do you have any advice about how to approach requesting payment?::...
"They may not respond so positively if one 'demands' payment 'immediately'. Good solid relationships with credit controllers is very, very useful when dealing with Local...
Is there any key infomation that you have to have when chasing overdue invoices?:...
"Social Worker names are essential, if a PO (purchase order number) has not been assigned, they have no way of tying anything up otherwise!"....
So ideally you would have a purchase order number but it is also useful to have the names of the people that have actually commissioned the work, in your case social workers....
When is it best to call local authorities regarding unpaid invoices?:...
"There seems not to be a best time to call as such but I what I would say is that clear, concise emails, with scanned copy invoices are extremely well received and often help you getting to the top...
What other advice do you have for suppliers collecting overdue invoices from local authorities?:...
"Copying in the commissioning team, or originator of the order, to constructive credit chasing emails is also a good tip"....
Hopefully some of that advice will be helpful, however If you want expert help please call Sean on: 03330 113622....
http://www.fundinvoice.co.uk/credit-control/overdue-invoices-local-authorities.html - Entrepreneurs Talk At Pestalozzi
My name is Glenn Blackman, and I gave a talk at the Pestalozzi International Village in Sedlescombe to a group of their students. Sean Morrow, my business partner, also provided his thoughts on some...
Pestalozzi is a charity that finances the education of a select few exceptional children from around the world whom they believe will make a difference in the world. The charity desperately needs...
Below is an overview of my presentation and the questions that were asked by the students, together with my answers....
I asked the question, "What is an entrepreneur?". These were the answers that some of the students put forward:...
A quick Google search provided the following definition: "A person who sets up a business, or businesses, taking on financial risk in the hope of making profit"....
However, as one student pointed out, that still does not quite cover it. This particular student's ambition was to start a not-for-profit organisation - is that not also entrepreneurial?...
The examples that spring to mind are people like Sir Richard Branson and Lord Sugar, but for all 5.4 million businesses within the UK, there is an entrepreneur behind that organisation. We only...
I would not consider myself to be an entrepreneur, but I guess I am by that definition....
I started running my own business in 2000. With the founding of FundInvoice LLP, I feel we have created a great business that affords the perfect work-life balance....
FundInvoice is a brokerage for invoice finance and other forms of business finance. We do not lend any money, hence, we don't take a risk that we will lose any money if a client fails to pay....
Our business is what I call "symbiotic" with both customers and the finance companies. The customers don't have to pay anything for a quote search and advice, the finance houses don't have...
We have been nominated as "Finalists", two years running, by both the 1066 Business Awards and the Business Moneyfacts Awards....
FundInvoice is both a zero investment and a zero marketing budget business. That means we had no investment in the business to start with, i.e. it is a product of only our personal efforts. We do not...
Also, we don't have the overhead of an office, we work from home, we don't have large numbers of staff and the wages bills to go with them. Our model leverages technology in order to...
Much of what I personally do is based online, to do with our website, finance blog, FundingVoice magazine and the general management of our business. Therefore, I can work really flexible hours,...
So many businesses measure their success based on their number of employees and the amount of investment capital that they have raised. We measure ourselves on profitability....
I based the rest of my talk around the following graphic:...
To add this graphic to your blog or website, just cut and paste the following HTML code:...
648 pixels wide:...
<a href="https://www.fundinvoice.co.uk/entrepreneurs/help-for-entrepreneurs-pestalozzi.html" ><img src="https://www.fundinvoice.co.uk/images/help-for-entrepreneurs.jpg" alt="Help For...
You have to have an ambition of starting and running your own business. I always felt that was what I wanted to do. I watched my father start various businesses when I was a child, and everything...
When I started my first proper business (in 2000), I had the benefit of having received a redundancy package from my previous employer. That gave me the financial cushion to be able to spend my time...
It is also wise to know something about what you are planning to build your business around. If you don't have any knowledge of the sector that you propose to trade within, it will be very tough...
I spend much of my time scanning the horizon for new innovations and changes. Much of that activity is web based, I use a lot of news feeds, social media and alert services in order to stay informed...
Also, talk to the people you meet - that can lead to new ideas or sense-checking of your existing ideas....
Read our Guide To Expanding Your Business....
It makes good business sense to spread all aspects of risk. If you have everything concentrated into one idea, you are vulnerable to a problem with that strand of activity. For instance, new...
One student pointed out that they have been told to put all their effort into one thing. My response to that is that I feel you still are doing that by adopting my approach. It does not necessarily...
I have cultivated various business activities. Initially, business and marketing consultancy, turnaround consultancy, telemarketing, customer research, market research, invoice finance brokering and...
Adapting to the business landscape is key to running any business. In my case, I was running a small telemarketing organisation many years ago, and it was a tough sector to work within. Customers...
Tenacity is part of being an entrepreneur, but so is knowing when it's time to change direction....
Listening to feedback from other people is crucial. It's tough to know when to listen to opinions that contradict your own and when to go with your gut feeling, but old episodes of The...
There will always be tough times when you are running your own business. Keeping going through those tough times is difficult, but you just have to keep pressing ahead, even when you feel like you...
When I was working as a marketing consultant, I produced a marketing plan for a client recommending telemarketing. That led me to look into telemarketing providers, and some of the quotes I found...
However, it was when a contact of mine started a finance brokerage that I had the idea of using our telemarketing resource to generate finance leads for our brokerage. Fusing these two ideas was how...
Our great idea was to put together the business finance brokerage with our research capability. This enabled us to undertake a lot of market research within the business finance sector, and to...
Failures are likely along the way, you have to learn from them and move on. Business Insider UK magazine reported on 15 of Richard Branson's business ventures that were failures. The current...
Even Lord Sugar has been candid about some of his business failures in an interview with the Radio Times....
Even if your entire business doesn't fail, you will have strands of activity that don't produce results. Learn the lessons from failures and focus your efforts on what works....
There is no book that can tell you how to create and launch a successful business. There is plenty of advice available, but you need to put it into practice yourself. Often, that will mean swimming...
In my case, I would suggest that a zero investment business, with no marketing budget, would be considered going against perceived wisdom. However, we have turned that into a highly profitable niche...
It is only recently that I learned to appreciate the balance between work and life. I have the flexibility of being able to work at night so I can spend time with my family during the day....
When you start in business, or even in a new job, you are often encouraged to work all the hours to succeed. That is fine, but there is more to life than just running businesses. In my opinion,...
If you don't enjoy running a business, being an entrepreneur is just not for you!...
Many people tell me that they struggle to stay focused when working from home. I have never had a problem working from home, as I enjoy what I do and feel I want to do it. Hence, motivation is never...
These were some of the questions that the Pestalozzi students asked:...
A: Probably running out of money. Costs are often higher than expected, and the lead time to achieve profitability can be longer than expected. Businesses need a steady cash flow to be able to cope...
A: A big question, and one to which there is no simple formula. Everything about success on the internet is down to creating something that people are truly interested in and promoting it. My only...
A: Despite how it sounds, I still have plenty of time to sleep at night!...
A: Well, we specialise in funding for new startup businesses, but there are many routes that you can take....
If you have the money yourself, it's probably the cheapest route; if you have friends, family or contacts that can lend you the money, that is the next option. Beyond that, you could consider...
The key difference is that normally, an investor will want to take over a percentage of your business, whilst a lender will just need to be repaid with a margin (e.g. interest rate). My preference...
A: No, there is no legal requirement. In my opinion, it is better to create a culture where businesses feel they want to contribute rather than relying on a mandatory law. ...
A: Yes, but we also like this kind of opportunity, to give some time to pass on knowledge through events such as this one. We have also undertaken a review of some of the Pestalozzi marketing...
A: Yes, as an LLP (Limited Liability Partnership), the partners pay personal tax on the LLP's earnings. This is instead of corporation tax, that a limited company would pay....
A: See the answer here....
The funniest question was directed to Sean Morrow, my business partner: "How do you put up with him?" - I won't publish his answer!...
by Glenn BlackmanPartner at FundInvoice LLP...
http://www.fundinvoice.co.uk/entrepreneurs/help-for-entrepreneurs-pestalozzi.html - How Does Factoring Work
If you are asking the question "How does factoring work?" this article will answer that question in some depth, providing a detailed, step-by-step explanation of how factoring works. This is...
The first thing you need to do is to get a factoring account with a factoring company (also called a "factor"). There are lots of different options and types which are explained in our recent...
Please note that the remainder of this article is based on a whole turnover style arrangement (where you factor all your invoices), rather than a selective arrangement (where you select invoices to...
The first step is to get in touch with some factors, but remember that the product offering, funding levels, service levels and pricing may differ significantly between different providers....
Most factors will have a team of salespeople, often called Business Development Managers (BDMs) or Business Development Directors. They are normally spread geographically around the country, but...
The sales staff may work from local offices, or from home. Their job is to identify and acquire new clients for the factor. In many cases, they have to find their own new business leads e.g. from...
So in the first instance, you will need to speak to one or more BDMs in order to get one or more quotes. In some cases, such as smaller independent providers, it may be a Director of the business...
The BDM is likely to talk to you over the phone initially, and then visit you (at least once - depending upon the process of a particular provider). They will discuss what you need, arrange for you...
The BDM can normally provide you with a cost quotation based on the following pieces of information:...
The salesperson is going to require more information than this to complete the process, but that should enable them to undertake a costing, and arrive at a quotation. Most factors will use a...
The sales process may include a survey, which is a visit to take an in-depth look at the accounting records of your business. This may be conducted by the BDM in some cases or a specialist surveyor....
There are likely to be legal agreements that need to be signed (you are normally advised to take legal advice before signing anything) various pieces of information, and documents that are required...
The process might sound very complicated but in some cases, it can be completed in just a few days. So that can mean just a couple of days between your first contact with the salesperson and the...
Do you want to know how much factoring companies charge? The way that the charges work is explained in detail on our site and you will find some examples of the cost of factoring....
In very simple terms there will normally be the following charges:...
In some cases, a quote can be provided with a single fee, which includes everything (or almost everything in some cases - sometimes a CHAPs transfer will be extra)....
See our related article: Bunded Fees In Invoice Finance....
If you choose a transactional, selective style facility there are not normally any minimum fees to worry about....
These are just examples though, and you will need to give your particular details to a provider to understand what the costs are going to be in your case....
So on day one what happens when factoring? Well, if you are a new start-up company then you might raise your first invoice, which you then send or transmit to the factor. This is likely to be via an...
If you are already trading and therefore already have a ledger of outstanding invoices, the factor will take a snapshot of those outstanding transactions and create a "mirror sales ledger" on their...
General notice of assignment letters, signed by you and on your headed paper, will be sent out to all your customers advising them of the new arrangement. You will normally be asked to add an...
All new incoming cash from customers will be posted to this ledger, adjusting the balances accordingly....
Once invoices (and credit notes, plus any unallocated cash) have been processed to the mirror sales ledger, the factor's system will generate an "availability" figure. This is the amount of...
Let's assume that you have agreed on the following facility:...
On day one, let's say you have a balance of £100,000 of invoices on your sales ledger, and you are receiving an 85% prepayment. Assuming that all the invoices are covered by funding limits...
Any reserves will also be withheld from that availability. A reserve could be a defined value withheld from availability to account for some risk factor, for example, the presence of contra accounts...
Alternatively, some factors may choose to disapprove such accounts (and they may disapprove invoices for other reasons e.g. if they are old) i.e. they become unapproved for funding, so generate zero...
Exclusions are invoices that are excluded from the funding formula. Technically the word "excluded" sets them outside the arrangement, so in many cases, they may be classified as "not notifiable", or...
A prime debtor restriction (PDR) is a funding restriction to ensure that the level of funding against any one customer does not exceed a certain threshold. There are different ways of calculating the...
After accounting for any reserves, PDRs, unapproved and exclusions (if there are any), you arrive at the availability figure. Any previous prepayments against invoices, known as the "current account"...
Normally, if you don't draw down any availability you would not incur any discount charge (which works like interest on your utilisation of an overdraft). Discount is normally levied only on the...
You can either set up an arrangement to transfer availability to you e.g. transfer what is available on X day or once more than Y is available. Alternatively, you can request funds either by phone or...
You can have the funds transferred into your bank account by a number of methods. These days many payments are transferred by same-day payments but in some cases, a CHAPs transfer will attract an...
The factor then gets on with the job of undertaking the credit control, on your behalf. At best this will be a fully outsourced service, such that you need to do nothing yourself. However, the...
The credit-control process will normally include sending debtor statements of account, chasing letters where required and making phone calls to customers with overdue debts. There will normally be...
The customer pays into the factoring company's bank account, using references that distinguish the payment as for your account. The factor will then allocate the payment to the relevant...
The effect on your availability, of the cash received, is that the remainder of the value of the invoice then becomes available. Taking an invoice for £1,000 as an example, this is a...
In the above example, the discount charge accrued would be calculated as follows. Assume that the £850 was prepaid for say 30 days i.e. there were 30 days between you drawing the availability...
What if the customer doesn't pay? Let's assume that the recourse period was 90 days from the date of the invoice. If the debtor still hasn't paid after 90 days from the invoice date,...
In the example above, at the point that you had drawn the £850, should the debtor not pay after 90 days from the invoice date, the £850 will be removed from your availability as the...
The alternative is to seek a non-recourse facility where you have protection against bad debts and recourse does not occur....
Despite how complicated the factoring process flow may appear, in practice, it is normally a very smooth process with little need for the client to interact with the factor, beyond drawing down cash....
http://www.fundinvoice.co.uk/factoring/how-does-factoring-work.html - Types Of Factoring
"Factoring" is often used as a global term to describe a collection of business finance products that would be better described as "invoice finance" or "receivables finance". It is really a subset of...
If you are considering using any of these financial services, you should read this guide before making any decisions....
These services are normally offered by specialist finance companies and banks, which are known within our industry as "factors" or factoring companies....
In some cases, a large supplier may offer a similar kind of service to their suppliers (often with the actual service provided by a factor); this is known as reverse factoring or supply chain...
In this article, all references relate to the financial use of the term. The other use is in the mathematical sense, and more information and helpful resources can be found in our section about the...
Before describing the various types of products, we will start with our definition of the financial use of the term. So here is our factoring finance definition:...
"Factoring is the provision of a credit control service to handle the collection of unpaid sales invoices, which are assigned to the factor who may also provide the option of receiving prepayments...
This is only one of many definitions. You will see other definitions on the Internet, about it being the "sale of invoices at a discount"; this is equally true, but few understand what this means....
The reason for the focus on the credit-control service, within our definition, is that service-only factoring does not include the provision of funding; the customer only receives the credit-control...
Under our factoring finance definition above, there are a number of product variations individually described below....
There are a number of variations on a theme when you categorise these products. Firstly, you can split the products between recourse and non-recourse; the differences are explained below:...
With recourse factoring, you receive finance, called prepayments, against your unpaid credit invoices. You also receive a credit control service from the factor, although the extent of this service...
By the term recourse, it means that the factor will have recourse to you to recover the prepayment if the invoice is not paid within an agreed period. This period is called the recourse period, e.g....
You will find a detailed explanation and example of how recourse works on our blog....
The alternative is "non-recourse". This provides the same services and benefits as recourse, but the factor will NOT have recourse to you to recover the prepayments. If the invoices are not paid,...
This type of facility can give you more peace of mind if you are worried about your customer's failure. However, it does not protect you against disputes....
Non-recourse, for whole turnover facilities (where all your invoices are factored), is often referred to as "full factoring" within the industry....
You can also split these products according to the requirement to submit to the factor either selected invoices (selective or spot) or all your invoices (whole turnover)....
These facilities are similar (unless selective is used to describe a discounting product, i.e. a service that does not include credit control). You choose which invoices to submit to the factor for...
Recently, there have been a large number of small, new entrants into the selective market space. Our research suggests that c.37% of businesses would choose the selective route rather than seeking...
As the name suggests, you factor all of your invoices, but there are some exceptions. Many factors will agree to (or, in some cases, insist on) excluding certain debtors or types of sale - if...
You will rarely hear people referring to "whole turnover" as a product name, as it is generally assumed that this is what you are talking about unless you define a product as selective or spot....
Another dimension by which you can categorise these products is whether they are "confidential" or "disclosed". This means whether or not the debtor is aware (disclosed) or not (confidential) of the...
The majority of factored invoices in the UK are factored on a disclosed basis. This means that the customer (your debtor) is aware of the involvement of the factor. They will be aware due to the...
The alternative to "disclosed" is "confidential", sometimes called "non-notification". This is not so widely used in the UK but is available from a small number of specialist providers....
In short, the factor provides the credit control service and sends out the statements and chasing letters. However, all of this is done in the name, and sometimes branding, of their client. The...
Payments will be made into a bank account, set up and controlled by the funding company, but in the name of their client. So to your debtors, it will appear that they are paying into your bank...
With confidential products, general notice of assignment letters will not be sent at the outset, and assignment clauses are not placed on invoices. However, the funder will normally require that they...
These services can be offered in respect of just UK customers (domestic), just export customers (overseas) or a mixture of both....
The service can be offered to exporters. There are various different ways of handling the export or international financing element. It can either be a case of the provider handling the collections...
Import factoring is the term for a UK factor handling the UK credit control for an overseas client. This may be through dealing directly with the client or via reciprocation for an overseas factor,...
Using this type of service gives the supplier the opportunity to offer their buyers short-term credit for goods, trading on open account terms, without the need to issue any kind of banker's...
Invoice finance is the umbrella term for all receivables financing products. It can be defined as "providing funding against unpaid sales invoices", although that doesn't quite capture service...
CHOCs or CHOCCs (Customer Handles Own Collections or Customer Handles Own Credit Control) is another form of invoice discounting where the involvement of the discounter is disclosed, but the customer...
It would not really be correct to categorise them as different types of products, but there are dramatic differences between the products offered by different finance companies under the same generic...
These differences are described in detail in our article: The 5 Key Differences Between Factors....
It is also the case that some providers will give their products and brand names. Whilst these may appear to create even more types, the products can normally be broken down into the categories that...
There are a number of additional add-ons and also some products that are tailored to particular industry sectors....
This bolts on the management of the client's payroll to the facility. The factor, or a payroll management company that they use, takes over handling the customer's payroll. They will raise...
For importers, trade finance enables them to pay their suppliers for imported goods and enjoy a period of credit before they have to repay the finance. This allows them to sell and get paid for the...
This is an alternative term for non-recourse, which was described above. This is often considered an add-on to a facility, and a separate additional charge or CPE (credit protection element) is...
The construction sector tends to operate in a slightly different way from other industry sectors. Firstly, it is highly contractual, but secondly, suppliers tend to raise what is called an...
Another sector-specific offering is for the vehicle crash repairs sector (body shops). As the ultimate debtor tends to be an insurance company (which is often creditworthy but may take time to pay),...
An Islamic version of factoring is available, whereby the facility attracts no interest charges or discount fees. See more about Islamic Finance....
So there are numerous different types of service, many of which can be combined to create quite a number of different product variations:...
See our explanation of the Product Decision-Making Tree....
There are also many variations between providers in terms of delivery, service levels, etc. If you are thinking of using any of these products, it is probably wise to seek some guidance from a firm...
http://www.fundinvoice.co.uk/factoring/types-of-factoring.html - Asset Finance And Mortgages
Asset finance such as leasing and hire purchase can help your business purchase equipment, plant, machinery and vehicles by spreading the payments for the asset over long periods, making them much...
We work with an asset finance specialist who can find you quotations for leasing, hire purchases and specialist vehicle finance....
Commercial mortgages to buy property can also be found for you....
If you need asset finance, lease finance, or hire purchase to help you buy plant, equipment, machinery or vehicles for your business, please complete our:...
ASSET FINANCE QUOTE REQUEST...
. . . or call 03330 113622 and we will arrange for our asset finance specialist partner to call you back to discuss your requirements without any obligation on you to proceed....
Asset Finance can help you buy or refinance a wide variety of items, such as:...
See also business purchase loans....
To raise blended funding against a range of different assets, see our further information about structured finance....
We can also help you find:...
To speak to our asset finance specialist partner, please complete our ASSET FINANCE QUOTATION REQUEST or call us on 03330 113622....
We can find you HGV finance or funding to buy other equipment, plant or machines....
Article - How To Sell More High-Value Equipment...
http://www.fundinvoice.co.uk/finance/asset-finance.html - Protect Against Bad Debts
Bad Debt Protection (BDP), also known as Non-Recourse, provides your business with Protection Against non-payment by customers due to insolvency or protracted default (terms vary between providers)....
It is an alternative to taking out a credit insurance policy, which can be more costly....
BDP can be added to an invoice finance facility....
REQUEST A FREE QUOTE SEARCH or call Sean on 03330 113622, in confidence....
Bad Debt Protection, works as follows:...
The cost of the bad debt protection / non-recourse option starts from c. 0.35% of turnover. The cost for your business will depend upon the type of facility that you want and the nature of your...
REQUEST A QUOTATION SEARCH...
Here is some further information that may be helpful:...
http://www.fundinvoice.co.uk/finance/bad-debt-protection-non-recourse.html - Body Shop Funding
Body shops, that undertake car crash repairs, can be eligible for a niche source of funding - that will release up to 100% of invoice values (minus charges). No waiting around to get paid....
CALL 03330 113622 FOR A QUOTE...
In the event of a car crash, the repairs are normally authorised and paid for by the insurer (and in some cases a Loss Adjuster) of the party that is responsible for the crash. Despite car insurance...
Bodyshop invoice finance works by releasing cash within 48 hours of raising the invoice. This will dramatically improve the cash flow of the garage, repairer or spray shop....
In some cases, finance can be offered with no debenture and no personal guarantees from directors....
You can access funding against all your invoices for vehicle body repairs or you can select those that you want to be funded, giving you complete control of the funding level and the costs....
Bodyshop factoring works in the following way:...
GET A QUOTE FOR BODYSHOP FACTORING ...
http://www.fundinvoice.co.uk/finance/bodyshop-car-crash-repairs-factoring.html - Business Loans
Are you looking for a straightforward business loan (sometimes called a commercial loan)? We can help you find what you need without having to worry that you might not meet the criteria. Let us guide...
A commercial loan is for a fixed sum repaid over a fixed period (called the "term" of the loan)....
We have specialist partners that can help you access the best interest rates, from lenders that will take a flexible approach and be sympathetic to difficult circumstances....
COMPARE LOANS NOW...
For help, call Sean on 03330 113622....
You may want to know how much you can borrow using a business loan. We will be able to tell you the maximum amount that you can borrow based on some simple details about your business....
Below we have set out the amounts you may be able to raise are as follows:...
Property loans, for property development and investment, up to £10 million....
This is the normal term of a commercial loan, the period over which the loan is repaid. This can range between 3 months and 10 years....
You can use the money for almost any purpose. These are a few examples of possible uses:...
A business loan tends to be a straightforward product that is widely understood. It works as follows:...
If you already have an invoice finance facility (or are seeking one) you may be eligible for a cash flow loan to top up the amount of funding that you receive. This is a fixed sum, in addition to...
For UK businesses seeking finance without pledging assets, an unsecured business loan could be the ideal solution. Unlike secured loans, which require property, equipment, or invoices as collateral,...
An unsecured business loan is a type of commercial finance where lenders provide funding without requiring security against business assets. Instead, approval is typically based on:...
These loans are commonly used for cash flow management, expansion, hiring staff, or purchasing stock when businesses need fast access to funds....
Unsecured business loans are suitable for:...
While unsecured business loans are more flexible, lenders often charge higher interest rates to offset their risk. Loan amounts and terms may vary based on the lender’s assessment. Business...
Many businesses compare secured and unsecured loans with invoice finance, a type of funding that releases cash tied up in unpaid invoices. Here’s how they differ:...
If your business has assets a secured loan might release more capital, if you have strong cash flow but no physical assets, an unsecured loan may be the right choice. However, if you issue invoices...
At FundInvoice, we help UK businesses find the right funding solutions - whether it's an unsecured business loan, secured loan, invoice finance, or alternative funding....
📞 Get a free, no-obligation quote today - call us at 03330 113622 or request a quote online....
Further information about loans:...
http://www.fundinvoice.co.uk/finance/business-loan-commercial-loans.html - CHOCs Customer Handles Own Collections
CHOCs may sound like a type of confectionary but the acronym "CHOCs" is widely used in the invoice finance sector, and it has nothing to do with chocolate. It means the Customer Handles Own...
REQUEST AN INVOICE FINANCE QUOTE...
It is a less common form of receivables finance where the finance company maintains a full open item shadow sales ledger (usually) but the customer undertakes the credit control activity i.e. chases...
The facility is disclosed, such that invoices bear an assignment clause and debtors may be given a notice of assignment. This gives the funder a more secure position, as their ownership of the debts...
Users will need to have adequate credit control procedures in place, in order to be eligible....
See this case study about how we found this type of funding for a building restorer....
Shadow ledger explained - a "shadow ledger" is when the funder maintains a copy sales ledger for their use. It is composed of a snapshot of all the invoices outstanding at the time of "take-on" (when...
The alternative is what is referred to as a "bulk" facility. In these cases, the funder only maintains control balances to track movements in the overall value of the sales ledger i.e. without the...
Case Study - CHOCS To Replace An Overdraft...
http://www.fundinvoice.co.uk/finance/chocs-customer-handles-own-collections.html - Collect Invoices Confidentially And Funding
Confidential factoring provides you with finance against your unpaid sales invoices and the factoring company will help you chase outstanding invoices - but in the name of your business, so your...
Within invoice finance, Confidential Factoring is rarely offered by factors. If you would like to benefit from cash released from your unpaid invoices and to receive help with your credit control but...
Confidential Factoring works as follows:...
To find out how much cash you could raise through Confidential Factoring use our free online cash calculator....
We can search the market for you and find you quotations for Confidential Factoring based on your circumstances. Just use the quote form to the right of this page, or call us and speak to an expert...
To find out more about this service, which is only available from a handful of providers, contact our expert advisers:Complete an: ONLINE QUOTATION SEARCH REQUEST...
Article: "White Label" Confidential Factoring...
Case study: Small Business Confidential Factoring...
http://www.fundinvoice.co.uk/finance/confidential-factoring.html - Fund Invoices Confidentially
Confidential Invoice Discounting also known as a CID facility provides your business with:...
See the invoice discounting example below to better understand how it works in practice....
COMPARE INVOICE DISCOUNTING QUOTES NOW...
Confidential Invoice Discounting (also known as CID) is a type of invoice discounting that works as shown in the example below....
This is an example of invoice discounting showing step-by-step how it works in practice:...
The benefits of invoice discounting your invoices are:...
Find out how much cash you could raise with our free invoice discounting: online cash calculator. Bear in mind that prepayment levels vary between providers, some will prepay as much as 100% of...
The cost of a CID facility can be divided into two main types of charge, the administration fee (to cover the cost of running the facility) and the discount charge which works in a similar way to...
We can provide independent support and a quotation search service....
Below is a link to an invoice discounting case study, and other resources that you may find helpful:...
http://www.fundinvoice.co.uk/finance/confidential-invoice-discounting.html - Construction Sector Funding
Construction Finance (sometimes called receivables finance or construction invoice finance) is specialist finance for subcontractors within the construction sector. It can include financing against...
It can be used for any purpose, including paying site workers, overdue taxes, or purchasing raw materials....
Financing of this type can help improve your cash flow if you have just won a new contract, especially a large order, or if you want to take on larger projects even with contractual terms, such as...
The finance can be released quickly and will improve your cash flow....
FIND FINANCE NOW...
Or call Sean for help on 03330 113622....
This is why you should choose FundInvoice to help you find the funding you need:...
Read some of our customer testimonials that show how helpful they have found our service....
Construction finance provides you with:...
This video explains how the product works:...
This specialist form of finance is only offered by certain companies that specialise in helping this sector. It works as follows:...
The financiers can fund even where there are:...
The prepayments level is set by the funder, typically up to 70% (but can be as high as 100% less the funder's fee), and is made against the net value of the applications for payment i.e....
This type of funding can still release substantial amounts of cash for any purpose, including paying workers and materials....
You can:...
Several different sectors and trading methods may qualify for this kind of finance. The following situations are suited to this type of finance:...
The following sectors may be eligible for funding (see the full list of SIC code sectors that are suitable):...
Article explaining how charges and funding levels are calculated....
An example of a construction finance quote we found for a company....
If you think that finance against uncertified applications for payment, or unpaid invoices, could help your business please CONTACT US for a no-obligation construction finance quote search and for...
For more details about these services please see our free: Guide To Construction Finance....
Case studies of businesses we have helped in the sector:...
http://www.fundinvoice.co.uk/finance/construction-finance.html - Debt Factoring
Robust cash flow stands as a critical challenge for businesses across the spectrum. Debt factoring offers a financial solution enabling companies to unlock the value of their accounts receivable and...
This article explores the fundamentals of debt factoring, its advantages, and its transformative potential for UK enterprises aiming to improve their financial health and drive growth....
COMPARE FACTORING QUOTES NOW...
Debt factoring is a financial transaction where a business sells its accounts receivable (outstanding unpaid sales invoices or similar applications for payment) to a factoring company that provides...
The factoring of debts provides the business with an immediate cash advance, typically 85% to 95% of the receivable's value (it can be 100% minus fees sometimes). the factor then undertakes any...
This model is especially advantageous for businesses facing extended payment terms or needing to release more working capital. It stands out as a quicker and often more attainable funding option...
A debt factoring business provides a financial service where companies sell their outstanding invoices to a factor (or factoring company) at a discount to improve cash flow. This enables businesses...
The factoring company advances a percentage of the invoice value upfront and collects payment from the debtor, deducting a fee before remitting the balance. Debt factoring helps businesses manage...
Debt factoring in business is a financial solution that enables companies to improve cash flow by selling their unpaid invoices to a third party, known as a factor. This service is particularly...
The most significant benefit of debt factoring is the swift enhancement of cash flow. It enables businesses to convert sales on credit into immediate cash, avoiding the typical wait for payment term...
Factoring firms assume responsibility for sales ledger management, providing credit control and collections. This shift can markedly reduce the administrative load on the businesses, freeing them to...
Debt factoring does not normally necessitate additional security or collateral (beyond the debts) in the traditional sense. The focus is on the debtor's financial stability and the quality of...
Debt factoring provides a level of flexibility not typically available with other financing methods. The amount of funding a business can access through debt factoring is directly linked to its sales...
The debt factoring process includes a few key steps. This is a debt factoring example:...
For more information about pricing and costs see our detailed information on charges....
Choosing the most appropriate factoring company is vital for maximising the advantages of debt factoring. Businesses should consider the prepayment rate, any other funding restrictions, fees,...
It's equally important to partner with a firm that has insight into your sector and offers bespoke solutions that align with your specific requirements. For example, some funders offer...
Debt factoring is a compelling and efficient strategy for UK companies looking to bolster their cash flow and operational capabilities. By transforming accounts receivable into immediate capital,...
As with any significant financial decision, careful research is imperative in selecting a factoring partner that matches your company's goals and ethos. This is where the support service offered...
http://www.fundinvoice.co.uk/finance/debt-factoring.html - Exports Collection And Funding
Export Finance and Export Factoring can provide your business with a combination of the following:...
REQUEST A FREE INVOICE FINANCE QUOTE SEARCH...
Export Finance does not have to include all your overseas sales. Some providers will allow you to select territories, debtors or single invoices to fund. In general terms though, the process works as...
List of countries and territories we can help you find export finance and factoring for....
The cost of export finance depends upon the type of facility that you want and the nature of your business, we would be happy to explain how the costs work. We can find quotations for you without...
http://www.fundinvoice.co.uk/finance/export-finance-factoring.html - Factoring
Invoice factoring pricing is subject to just differences between different factoring companies, according to research we have conducted. Whilst using these funding products is an excellent way to...
That is why we offer a free, independent quote search for factoring. We can put you in contact with the best factors, the companies that provide these services in the UK, and we provide expert...
GET AN INDEPENDENT QUOTE SEARCH...
Or call Sean on 03330 113622 and he will find invoice factoring quotes for you....
Invoice Factoring (also sometimes called accounts receivable factoring, debt or financial factoring) provides your business with the following benefits:...
There are many different types of factored facilities but in general, factoring of invoices works as follows:...
The amount of money that you could raise will depend upon your industry sector and the nature of your business, typically 85% of invoice value but up to 100% (less charges) in some sectors....
Find out how much cash you could potentially raise with our free online factoring cash calculator....
On a selective basis (where you choose invoices to fund) you only pay for the invoices you submit, so there is no minimum cost, you pay for each transaction....
If you want to fund against all your invoices, for an entire year, factoring fees start from c. £3,500 + VAT per annum, with a single fee, inclusive arrangements are available. The cost for...
See these: Examples of the Cost of Factoring....
Alternatively, if you opt for the selective, single invoice finance option where you select the invoices to be funded you have no ongoing commitment to use the service in the future....
We do not charge you to use our quote search service. We may receive a commission from the finance company if you choose to proceed with them. However, on average we still manage to save most...
Read our: Factored Products Guide for more detailed information....
The providers will be able to work at a pace that suits you. A facility can be in place within a few days but our record is almost instant invoice factoring which took just 7 hours from initial...
Below are links to further resources and information that you may find helpful:...
http://www.fundinvoice.co.uk/finance/factoring.html - Business Financing
FundInvoice provides a personal service to help you find business finance for your company within 24 hours if required. Whether you need a simple business loan or specialist finance for your industry...
REQUEST A FREE QUOTE SEARCH...
We have independent access to the UK marketplace of business lenders....
Even if other lenders have declined you, we may be able to find you the funding that you need, and you can normally use that money for any purpose, including:...
Our business finance experts will give you free, independent help and support, without any obligation on your part to go ahead unless you decide that an offer is right for your company....
We can help you find different types of finance, such as those listed below....
In addition to traditional bank finance, we can help you get access to alternative business finance, which can be more flexible and easier to get....
Follow the links for more information about each product:...
Often referred to as receivables finance, these products release an initial lump sum against your outstanding unpaid sales ledger, and then funding is released against new invoices as you raise them,...
In effect, you will no longer need to wait for your customers to pay you. There are numerous product variations, but the broad categories are:...
This funding is specific to your particular industry sector via tailored products that are offered by companies that specialise in your sector:...
These are various other product variations that we can help you find:...
If you are an exporter or an importer, we can help you find funding and support services to assist with these transactions:...
There are other products and services that we can help you find. These range from simple business loans to help to recover unpaid debts:...
If you would like to understand the full range of funding options available to UK businesses, please see our guide....
If you are unsure which product or service you need, use our ONLINE PRODUCT FINDER, or you can download our SIC (Standard Industrial Classification) code guide to see if you are suitable for invoice...
http://www.fundinvoice.co.uk/finance/finance.html - Invoice Discounting
Invoice Discounting (also called ID) is a form of receivables finance - where you get funding against your invoices....
The definition of invoice discounting is a business finance facility whereby prepayments are provided against your outstanding sales invoices (that have been raised on credit terms). These are...
GET INVOICE DISCOUNTING QUOTES...
These prepayments can be up to 100% of the value of your sales invoices (minus charges), which can significantly improve the cash flow of your company....
You will no longer have to wait for customers to pay, before being able to access and use that cash that is tied up in your unpaid sales ledger....
Some types of facilities allow you to upload your entire sales ledger, in the background in some cases, without the requirement for you to undertake any type of reconciliation. The amount of...
With ID, you continue to maintain control of your sales ledger and undertake all the customer credit control yourself, this allows you to closely control the contact with your customers in order to...
There are a number of different types of invoice discounting, however, the main variations are as follows:...
You can use our guide to which product to use, in order to understand the service that would best suit you....
With a factoring service, you also receive a credit control service from the factoring company. This is the key difference between factoring and invoice discounting....
The price of invoice discounting depends upon the type of facility that you choose. Please see this guidance regarding Invoice Discounting Pricing....
http://www.fundinvoice.co.uk/finance/invoice-discounting.html - Invoice Finance
Invoice finance (receivables finance) is a type of business funding that allows you to release cash immediately against unpaid sales invoices. This means you don't have to wait for your...
COMPARE QUOTES NOW...
To speak to an expert, please call Sean on 03330 113622 for a confidential discussion....
Invoice finance is a flexible funding solution that enables businesses to unlock the value of unpaid sales invoices. Instead of waiting for customers to pay, companies can receive up to 95% (even...
Whether you’re looking for invoice factoring, where the funder helps with credit control, or invoice discounting, where you stay in control of collections, invoice finance can be tailored to...
At FundInvoice, we help businesses find competitive invoice finance quotes, and we do not charge you directly. We compare providers, helping you save time and money....
Get a free invoice finance quote today to quickly unlock cash for your business....
FundInvoice's multi-award-winning, independent, confidential service will help you:...
We will not charge you directly to use our service; instead, we receive a commission (included in the price) from the finance provider if you decide to proceed....
Some selective services allow you to dip in and out without any obligation to use them again and without giving a personal guarantee....
We have undertaken extensive market research to understand who offers the best prices and service levels. We will use our research to benefit you and save you from having to search the market for...
Using this type of funding creates an injection of working capital into your business, which you can use for any purpose. You could use the extra money to:...
By using business receivables financing (as set out in our invoice finance guide), you will improve your business cash flow, as you will no longer have to wait for customers to pay. It will help...
If you have a whole sales ledger of outstanding invoices to other businesses (B2B), you could raise a significant cash injection by cashing them all in. Alternatively, you can choose to get the...
Find out more about When You Should Use Invoice Finance....
Perhaps you need help getting an invoice finance facility approved? If so, we can assist you and ensure you maximise your chances of approval....
So, how does receivables financing work? Below are the key aspects of how it operates. However, bear in mind that there may be differences between providers....
This is how business invoice finance works (also called IF for short): it generates working capital and improves your cash flow by:...
It can also:...
Unpaid sales are often a business's largest and most valuable asset. However, they are also frequently overlooked when raising money. This form of funding addresses this by providing revolving...
"Revolving finance" means that if your sales ledger is fairly stable regarding the overall value of outstanding debts, the funding level remains constant or even increases as you expand. As old...
This is a huge advantage over traditional static forms of finance. See our article about the Comparison Between Loans and Invoice Finance....
If you don't want to fund all your transactions, you can choose "selective invoice finance" and pick which invoices you want to receive a prepayment against. You might select batches of...
If you need the funding in place quickly, some options can be very fast. We have completed almost instant invoice finance arrangements for some sectors, with a record of 7 hours from initial enquiry...
Immediately you raise new invoices (or applications for payment in the construction sector), the funder will provide a prepayment (also known as an initial payment, or early payment) against the...
Our research found that 87% of existing users of these services said that it enabled their business growth....
The detailed process of invoice financing is as follows, this can apply to single transactions or batches of transactions:...
The infographic below answers the question "How does invoice finance work?" by showing an overview of the process:...
Funding percentages can be up to 100% of the transaction value (minus charges) but as an example, let's assume a prepayment of 85 to 95% of the gross transaction value. If your business has an...
To find out how much cash you could raise using invoice funding use our free invoice finance calculator....
The costs depend upon the type of facility you want, whether you want any credit control options and the nature of your business. You can choose to get funding against individual sales without any...
If you want to finance all your sales, via a full book type of facility, the total cost starts from c. £3,500 (+ VAT if applicable) per annum. All-inclusive fees like this are available or you...
If you only want to get funding against one, or a few transactions that you select, the cost can be less. The cost of a selective facility is normally approximately 3 to 5% of invoice values. There...
Read our explanation of invoice finance costs. It also has links to pricing examples according to the size of your business and the type of facility that you choose. This will give you an indication...
If you have existing quotes to compare quotes with, use our Cost Comparison Tool to find out the real estimated annual cost of each price quote....
With our network of trusted UK providers, we match you with the most suitable invoice finance options for your needs. You can compare invoice finance companies in one place - we do the research, and...
We can provide free, independent support and a quotation search service. To use our service, either make a quote search request or simply call Sean on 03330 113622 to discuss what you need without...
So after deciding whether you want to discount all or just some of your sales, there are two principal types of service, both of which can be completely confidential (if you wish) so that no one...
You can receive any of the above services against all your transactions or just against selected ones....
You can also access these services in respect of sales to export customers that are based abroad....
Any UK company that sells to other businesses (B2B) on credit terms will likely be eligible for a facility. These are some cases where we have helped clients....
Case Study: Finance Secured for Recruitment Agency Expanding into Temps...
A permanent recruitment agency approached FundInvoice as they sought to expand into temporary placements but lacked the working capital to cover upfront wage costs....
We sourced a flexible solution that recognised the difference in risk between the two placement types. The agency secured a specialist recruitment financing facility offering different prepayment...
This blended funding enabled them to grow without relinquishing any control of their business or taking on debt....
Case Study: Manufacturer Secures Factoring When Others Failed...
A UK manufacturing business struggled to access funding after multiple providers turned them away. They contacted FundInvoice, seeking someone who would take the time to understand their situation....
Using our network and experience in the manufacturing sector, we arranged an invoice factoring facility that met their cash flow needs and helped them move forward....
“As a result of their knowledge and persistence, Sean at FundInvoice were able to secure Invoice Factoring for us where others had failed. Working in a niche sector and on a complicated...
- MD of a UK-based Manufacturing Company...
If you are ready to explore your own funding options call us on 03330 113622 for a discussion in confidence....
Invoice finance is typically used to solve cash flow issues by releasing funds tied up in unpaid invoices....
You raise an invoice to your customer, and the finance company advances you a percentage of that invoice. The remainder is paid when your customer settles the invoice (minus fees)....
Yes, many invoice finance providers offer solutions for SMEs, including startups....
Factoring includes credit control support, while invoice discounting is usually confidential, and the business manages the credit control....
Below is some further information about both factoring and invoice discounting:...
http://www.fundinvoice.co.uk/finance/invoice-finance.html - Outsourcing Your Credit Control
Good credit control is essential to any business but for many small and medium-sized companies, it is not cost-effective to have their own credit controller. The task of credit control can fall to...
Using an outsourced credit control and invoice collections service can be a very cost-effective way of handling the sales ledger of a company. We can put you in touch with outsourcers that provide a...
Many of the factoring companies that are on our panel, provide a great outsourced credit control service to their customers, even if their customer has no need to borrow any funds from them (known as...
You can also use a specialist credit control agency that has both the manpower and language skills to handles large ledgers and overseas debtors....
So what does outsourced credit control cost? Below is a worked example of the cost of using an outsourced credit control service (note that the costing may change depending upon individual...
In the above example, the cost of providing a full, outsourced credit control service is currently about 0.75% of turnover. In this example that would be an annual cost of £6,750 + VAT....
Bad Debt Protection (also known as "non-recourse") can protect a company against bad debts if a customer fails to pay, providing they trade within an agreed credit limit for the customer. For the...
At the time of writing this, according to payscale.com, the median cost of employing a credit controller in the UK was £19,806 (the salary range for credit controllers being £15,320 to...
There is also the issue of whether or not the business really needs a full-time credit controller. If you are considering undertaking your own credit control read our free guide....
As with anything, not all services are the same. Some companies will say they offer a collection service but it will not extend to include full chasing of all customers on your sales ledger. In other...
GET MY QUOTE FOR OUTSOURCED CREDIT CONTROL...
http://www.fundinvoice.co.uk/finance/outsourced-credit-control-collections.html - Help Running Your Payroll
Increasingly businesses are seeking to outsource the task of running their payroll (the system used to pay their staff's wages). ...
These outsourced payroll services can be particularly helpful to businesses with large numbers of employees such as recruitment companies e.g. temporary staff agencies....
However, they can be equally relevant to any kind of business that employs any number of staff....
The outsourcer may undertake the Payroll function on a standalone basis or as part of a funding package e.g. through factoring or invoice discounting. In this way, monies provided by the invoice...
We can introduce you to providers that will handle your payroll function for you, taking away the administrative burden. You can use this service on a standalone basis or as part of a funding and...
These services can reduce the administrative burden of dealing with employees, PAYE and the DSS....
A business payroll services provider can:...
We can also introduce you to financiers that will fund your staff wages bills each week or month alleviating the cash flow headache. ...
In addition, we also have access to providers that can offer a "virtual accountant" service to take care of all your accountancy needs at a reduced cost....
For more information or a quote, call Sean on 03330 113622 or request we call you back....
http://www.fundinvoice.co.uk/finance/payroll-services-finance.html - Recourse Factoring
For companies that have many customers or who are dealing with good-quality debtors (with a low risk of the debtors failing), recourse factoring can be a perfect financing solution. This is the most...
Recourse factoring delivers access to...
It does this WITHOUT the need to pay any additional premium for protection against taking a bad debt....
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Understanding how recourse factoring works begins with explaining what is known as a recourse period. This could be 90 days from the end of the month in which the invoice was raised, for example....
Occasionally, a customer may be concerned about using recourse factoring as they worry that they will have to repay the finance against a particular invoice if the debtor doesn't pay them. In...
So if the invoice was for say £100, with an 85% prepayment you would raise the invoice on the 27th of April and, with the right provider, you could get funding that day of £100 x 0.85 =...
Now after you draw the availability of £85, your availability becomes £0. If we assume that your customer never pays, on the 29th of July that invoice will recourse (exceed the recourse...
As mentioned above, in practice the availability released from other invoices will tend to cover that shortfall....
Now you could repay that money, or as is more often the case, new invoices have been raised, they increase your availability and effectively cover that deficit. In this example, another new invoice...
The simplest, most secure way to avoid the issue of invoices recoursing is to take the non-recourse factoring option i.e. factoring without recourse. With this type of facility, the factoring company...
There is a small additional charge for the protection that comes with non-recourse. This is called the CPE or "credit protection element" and typically starts from about 0.4% (+ VAT if applicable) of...
http://www.fundinvoice.co.uk/finance/recourse-factoring.html - Retail Sector Funding
Retailer finance can be provided via a product that has been launched specifically for retailers, shops and stores within the retail sector. It is often called a merchant cash advance, or a business...
As repayments are linked to your takings, if takings dip, or are seasonal, your repayments are also reduced....
The product gives the retailer a cash injection of up to £150,000, based on their future sales, which can be used for any purpose within their business such as:...
The cash injection can be taken as a lump sum or in cash advances and it is repaid through debit card and credit card sales, typically over a 6 month period, using the retailers existing PDQ...
These types of businesses are amongst those that could benefit:...
- Arts & crafts shops- Restaurants- Pubs (Public Houses)- Car parts dealers- Convenience stores- Beauty salons- B & B's (Bed and Breakfast)- Florists- Hotels- Opticians- Hairdressers...
For more information about this innovative cash injection for retailers please contact us....
Details of a new Business Cash Advance (BCA) launched by one of our panel of funders to provide flexible repayments in respect of an advance against your card payments. This product is available to...
http://www.fundinvoice.co.uk/finance/retailer-finance.html - Fund Selected Invoices
Welcome to our selective invoice finance support service, which will guide you through the process of finding a selective invoice finance company and checking the price for your business....
Also, see typical selective pricing that will vary based on your circumstances and who provides the facility....
COMPARE QUOTES NOW...
To speak directly to an expert please call us on 03330 113622....
This form of alternative finance, often offered by FinTech companies (finance technology companies) is growing rapidly at present, and we are adding providers to our panel on a regular basis - hence...
You don't have to finance all your invoices, you can finance a portion of your invoices or even just the occasional transaction. Some funders provide their own funds against the invoices that...
Many customers prefer to know that a single funder is financing their business, but some say they would prefer the pricing advantages of an auction-style bidding approach. The reality is that in some...
This form of invoice finance has benefits over gaining investment from investors, as you do not have to give up any ownership of your business....
You can finance individual invoices (or batches of invoices) as small as £2,000 (or even lower - in some cases) on a one-off basis, without any obligation to continue. You will have no...
You can receive bad debt protection if you wish so that you get paid even if your customer fails....
Put simply, you select the sales invoices that you want to receive funding against, rather than receiving funding against all or your sales ledger (known as whole-turnover)....
There are many different providers, each with its own method of operation, but in outline terms, it works as follows:...
Here you will find the single invoice finance options explained, in detail....
Different funders access their funding in different ways. In some cases they use their own funds (or a line of credit with a major organisation such as a bank), others have investors, and some use a...
The cost will depend upon the nature of your business, your circumstances, the amount you want to raise and for how long you need the money....
This is an actual: example of the cost of selective invoice finance....
The fee structure may vary between providers, some will charge you a signup fee but others don't and we may be able to ask for this to be waived for you....
Invoice auctions worked in a very similar way to that explained above. The key difference was that the funding was not provided by the invoice finance company. Rather it is provided by investors that...
We have undertaken some research into selective invoice finance and invoice auctions:...
If you would like a quote for selective invoice finance, please REQUEST A CALLBACK and we will be able to help you find one (or more if you choose) quotations for your business. There is no...
Read more about circumstances in which you could use invoice finance....
These are further resources relating to selective invoice financing and invoice auction and trading sites that might help:...
http://www.fundinvoice.co.uk/finance/selective-invoice-finance-auction.html - Spot Factoring
Products using the term "spot factoring" have become increasingly common within the factoring industry in recent times with a rise in the number of invoice finance companies that use this to describe...
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Factoring is a financial service whereby the invoice factoring company provides their client with funding against their invoices as they raise them. The factoring service also includes access to...
Essentially it is a selective factoring facility where the client can decide which invoices they want to factor. The client can select individual invoices, single debtors or in some cases all of...
The client enters an agreement with the spot factoring company, but there is normally no requirement for minimum amounts of invoicing to pass through the facility. The client can select individual...
You can also use an invoice auction approach whereby potential investors bid for the opportunity to fund against your invoices....
The price of spot factoring varies between providers but to compare quotes for spot factoring please contact us for a quotation....
"Spot" invoice finance facilities could also be termed as "selective invoice finance" and work as described above. "Spot factoring" includes a credit control service whereas "spot invoice...
Traditional factoring facilities often expect a regular amount of business each month from the client and the facility can be subject to minimum charges or fees. With spot factoring the client can...
Where the fees are levied via a single charge, it can make the cost of the facility very controllable and easy to predict for the client business to be able to budget accurately....
As with any form of factoring, it releases the cash that is tied up in your unpaid sales invoices so that you can use it in your business for any purpose....
This is a link to a case study about a client that we have helped: Spot Factoring Help Case Study...
Most companies will qualify and we can help you by introducing you to the various "spot factoring" companies within the UK....
This is an example of the price of a selective invoice finance facility and you can find more general information about pricing here....
This is information about whole turnover financing which is an alternative....
To find help and the price for your business, without obligation, complete a QUOTATION REQUEST we will provide you with independent guidance from industry experts....
The term "spot" is more commonly associated with purchasing currency. It means buying currency at the current market exchange rate, called the "spot rate"....
However, in the context of invoice financing, "spot" is interchangeable with the word "selective". It just means that you can select the transactions that you want to submit to the invoice finance...
Spot factoring is applied to facilities that include prepayments against invoices and credit control, whereas spot invoice finance (or spot invoice discounting) tends to be prepayments only, with the...
As I have mentioned previously, the demand for these selective style arrangements is significantly smaller than the demand for revolving, whole turnover arrangements, however, there is still a clear...
Many people are attracted to the flexibility of spot facilities. They don't normally have any notice of termination requirements, you just stop sending invoices to the discounter - and often...
Whatever your requirements, we are likely to be able to help you find what you need, just call Sean on 03330 113622 for a free discussion in confidence, and without obligation or credit searches....
http://www.fundinvoice.co.uk/finance/spot-factoring.html - Import Funding
Trade Finance (also known as Import Finance or Purchase Order Finance) can provide your business with:...
You can either repay the funding after an agreed period or use:...
FundInvoice LLP deals with several well-known trade finance providers and we offer an independent quotation search service that you can use:...
REQUEST A TRADE FINANCE QUOTE...
It can work in a variety of ways but the key aspect is that we can help you, as the importer, raise money to pay your supplier(s) in respect of goods that you are importing from abroad. Some...
We can also help with cross-border transactions, where the goods move from one foreign territory to another. This type of import financing facility enables you to pay your supplier on time whilst...
In some cases, the financier can help with all aspects of the cycle, including shipping and production inspections, and customer payments....
We have access to specialist trade financing houses that are experienced in all aspects of international import financing such as letters of credit, bills of exchange and other importation...
Pre-shipment finance is also available, to make payments to overseas suppliers in advance of manufacturing and shipping....
See our more detailed guidance on trade financing support for importers....
The cost of trade finance depends very much upon your requirements and circumstances and the type of facility that you need. In some cases, a flat fee structure can be offered....
This is an example of a trade finance price that we found for a client....
We can find quotations for you so please contact us for a confidential, no-obligation consultation with an experienced adviser:...
REQUEST MY TRADE FINANCE QUOTATION SEARCH or call Sean on 03330 113622....
Trade and import finance will bridge the gap between having to pay your supplier and being able to receive the goods or stock and sell them to be paid by your customers....
Some other benefits are:...
http://www.fundinvoice.co.uk/finance/trade-finance.html - Articles
Below are the articles we have written relating to invoice finance, factoring and invoice discounting. Feel free to quote from any of them, providing you attribute them to FundInvoice with a link...
You can also read our complete: Invoice Finance Market Research Archive...
We will be adding further articles that will continue to be free of charge for you to read....
If you would like to add editorial copy or articles to our site, please call 03330 113622....
http://www.fundinvoice.co.uk/find_out_more/articles.html - Business Growth
Welcome to our business growth hub which gives you free access to all the ideas, articles and resources on our site that will help you grow your business turnover and expand. At FundInvoice we are...
FundInvoice has produced a free business growth guide which you can read. It contains links to lots of relevant material on our site that will help you understand the various growth strategies that...
Glenn Blackman MBA, the Partner responsible for our marketing has produced "The Growth Marketing Playbook" that you can download for free and use to promote your business. It contains lots of ideas...
THE GROWTH MARKETING PLAYBOOK...
For help specifically with marketing your organisation, we also have produced a free comprehensive Guide To Marketing you should also see our Marketing Planning Guide which was aimed at startups but...
If you need help from a first-class, professional full-service marketing agency, please take a look at In Association, which we have worked with successfully before....
Are you maximising the number of sales that you, or your team, convert? If you want to improve your sales conversion ratio, Glenn Blackman (one of our partners) has co-authored a book about...
Our expertise is in helping our clients finance their growth. We work with a panel of financiers who specialise in providing the money to get new startups off the ground and established businesses...
http://www.fundinvoice.co.uk/find_out_more/business-growth.html - FAQs
Frequently asked questions are addressed below:...
How much will FundInvoice charge me?...
Who are FundInvoice LLP?...
What if my business is in financial difficulties?...
What if I have already been declined by a debt factoring company?...
How does it work?...
What if I don't want to provide personal guarantees?...
What do I do now?...
How much will FundInvoice charge me?...
Nothing. Our independent UK guidance and quotation search services are free for you to use. We only receive a commission from the provider if we successfully find you a facility. The commissions paid...
Who is FundInvoice LLP?...
We are multi-award-winning, independent invoice finance, factoring, invoice discounting, trade finance, asset finance and commercial finance brokers. Our cash flow consultants have extensive...
What if my business is in financial difficulties?...
Factoring can often be a solution. A request for a factoring facility is normally considered on the strength of your book debts rather than the strength of your financial accounts or balance sheet....
What if I have already been declined by a factoring company?...
We may still be able to find you a suitable facility. It's not like insurance where it can count against you if one provider turns you down. Some providers specialise in doing the deals that...
How does it work?...
You can speak to one of our experts free of charge. They will discuss exactly what you are looking for and they will identify invoice finance companies that can meet your requirements....
Read more about When To Use Invoice Finance....
Once we have introduced you to a suitable provider we will continue to liaise with you to ensure a smooth transition. If you go ahead with a provider that we introduced you to (completely your choice...
Help Changing Providers - we can help you move between invoice finance companies....
Open Ended Contracts And Short Termination Periods - options are now available where you can have highly flexible arrangements rather than being tied in....
What if I don't want to provide personal guarantees?...
Most factoring and invoice discounting facilities are subject to the provision of personal guarantees although that need not always be the case. We may be able to find you a facility that does not...
What do I do now?...
You can call us on 03330 113622 and speak to an expert adviser about exactly what you need. You really don't have anything to lose and everything to gain: Complete an: ONLINE QUOTATION SEARCH...
http://www.fundinvoice.co.uk/find_out_more/faq.html - Find Out More
Everything you need to know about invoice finance is in one place....
Several options are available to find out more:...
You could become an introducer to us, of companies that need business financing, and we will reward you with a commission....
FundInvoice LLP offers a multi-award-winning research-based, free, independent, support and quotation search service for Invoice Finance, Factoring & Invoice Discounting and other forms of...
We have saved clients substantial average amounts of money on quotations received elsewhere. We do not charge you to use our service, we receive a small commission from the provider if you choose to...
REQUEST A FREE QUOTATION SEARCH...
We can give you access to all the latest offers and discounts that are available....
Connect with us through our social networks. We deliver our latest research findings, special offers and information about invoice finance through our social media channels....
Further resources regarding invoice finance and research:...
http://www.fundinvoice.co.uk/find_out_more/find_out_more.html - Glossary
Factoring and invoice discounting are complex and specialised subjects around which a whole range of industry-specific terms have emerged....
The umbrella term for these products is "invoice finance" or "receivables financing"....
REQUEST A QUOTE...
The jargon used within the sector can be very confusing to prospective users of factoring services, and so we have put together this glossary of terms and phrases to help you understand the...
Please note that the lexicon used is not necessarily even consistent between different providers....
If we can help you follow the link below for an independent quotation search: Complete an: ONLINE QUOTATION SEARCH REQUEST...
http://www.fundinvoice.co.uk/find_out_more/glossary_factoring.html - Changing Providers
Some of the customers that we help are looking at changing invoice finance, factoring or invoice discounting companies. We can help you find the best option for your business and provide a...
Read our free guide - How To Change Invoice Finance Companies....
Prices, service levels and funding flexibility vary between providers and there are always special offers and discounts available, even if you are not having problems with your funder....
However, there are some cases where issues arise between the invoice finance company and their client, and once again, you will find options out in the marketplace that you might not know existed. If...
Our clients are often worried about the difficulties that they expect to encounter when changing between different providers, such as paying termination fees, notifying existing customers and the...
Fortunately, some significant changes have recently made the process of switching providers extremely simple....
We deal with several providers that will help our clients pay termination fees levied by existing providers either in part or even in full. Equally, the cost savings that we can often find for a...
We have access to providers that will provide a "hand-holding" service to take new clients smoothly through the transfer process between different providers. Similarly, our expert advisers will also...
Lastly, the professional body to which most of the factoring and discounting companies belong, UK Finance has standard procedures that their members must follow to simplify the transfer process...
Overall, these measures mean that many of the fears that clients have can be overcome and the transfer process can be significantly simpler than one might expect. ...
For more information or help with transferring providers, please contact us at 03330 113622 or ...
Complete an ONLINE QUOTATION SEARCH REQUEST...
Article - What Stops Invoice Finance Users Moving Providers?...
http://www.fundinvoice.co.uk/find_out_more/help_changing_providers.html - Example Costs
Need an explanation of the costs? Perhaps you want to know what invoice finance will cost. Or what is the invoice finance charge?...
Below, we have set out details of how the cost of factoring and invoice discounting is normally structured, together with examples of what those costs may be (see below for product-specific...
The only way to know for sure what the cost will be in your particular circumstances is for us to get some quotations for you, but below we provide a general explanation of the costs....
FREE INVOICE FINANCE QUOTE SEARCH...
If you contact us, we will search the market for you to find quotes and quotations specific to your business. Call us at 03330 113622....
We will seek to save you money on any existing facility you may have and reduce the cost of invoice financing. We have found substantial average cost savings for our clients on quotations from...
We have undertaken extensive research into how costs and fees work. You can read it for free here: Pricing Research....
Invoice financing fees depend upon the type of facility that you want....
The product type you want will drive the pricing to some extent. Factoring prices—with credit control included (examples below)—will differ from invoice discounting prices—just...
Most products can thereafter be divided into selective and whole turnover offerings....
Often, customers search for an answer to the question "How much does factoring an invoice cost UK?". Below is a rough cost of factoring an invoice, also called the cost of discounting an invoice....
If you want to select individual invoices to finance, the cost can be very low, and you can do this without being tied into a contract. This is an example of selective invoice finance costing for a...
There are variations in the pricing structure between different providers....
If you want to maximise your funding and finance all your invoices (called whole turnover), the fees work slightly differently. The company that provides your debt factoring or invoice discounting...
The lowest single bundled fee (combining service charge and discount charge) is currently around £3,500 (+ VAT if applicable) per annum....
Below are the unbundled fee options:...
This is a fee for managing your debtor sales ledger if you are factoring or for maintaining your account if you are invoice discounting. This is normally expressed as a percentage of the value of the...
There is a detailed explanation here: How To Calculate Service Charge....
If you are asking, "What is the interest rate for invoice finance?", interest rate is not the correct term to use for invoice finance facilities. That applies to lending products such as business...
This is a charge, similar to interest, that is levied in respect of the funds that you use. It will normally be between 2% and 4% over the bank base rate. We are often aware of invoice finance...
See a detailed explanation here: How Discount Charge Works....
You should ask the factoring or invoice discounting company for details of any additional charges that they may make....
CHECK PRICES NOW...
For an example of the cost of factoring and invoice discounting, please see these pages that set out examples of factoring prices:...
Factoring costs are normally in three parts:...
Below are examples of the cost of factoring facilities - the examples are indicative only* (we may even be able to improve on them in some cases)....
The examples below are based on you factoring all your invoices for an entire year....
SMALL STARTUP BUSINESS - FACTORING £100,000 Sales turnover per annum £14,167 finance released + credit control service Service Charge - 2.40% of turnover = £2,400 + VAT per...
CHECK FACTORING PRICES...
Invoice discounting costs are normally in three parts, although you can also request a single fee structure to make things simple:...
These are examples of the cost of invoice discounting facilities - the examples are indicative only* (we may be able to improve on them in some cases)....
You should note that the example costings below are only examples to give you an idea of the likely level of charges. There are always offers and discounts available from providers that are seeking...
Assuming you want to finance all your invoices for an entire year, the following are examples of the likely costs....
SMALL STARTUP BUSINESS - INVOICE DISCOUNTING £100,000 Sales turnover per annum £14,167 finance released Admin. Fee - 2.10% of turnover = £2,100 + VAT per annumDiscount Charge -...
CHECK INVOICE DISCOUNTING PRICES...
We have also written an article that sets out in detail how invoice finance price works and all the additional fees that can be part of the tariff of charges. Not all funders charge the same...
If you opt for non-recourse (with bad debt protection), this will involve an additional premium normally added to the service charge or administration charge percentage. Typically, this starts at...
You will find that the rates differ when you compare providers....
You can use our Invoice Finance Price Comparison Spreadsheet to compare quotes received from different providers....
We conducted some factoring pricing research whereby we spoke to a range of different providers and asked them all to quote for the same client, i.e. with the same variables quoted to each provider....
However, in our study, none of the prices we received were the same, and the range exhibited a 165% overall cost difference between the cheapest and the most expensive providers. Note that we used...
The graph in the image demonstrates visually both the disparity between different offers and the range of prices that were quoted; each point on the line was another fee structure that we received....
Comparing just the service charge element, the difference between the top and bottom of the table of prices was 203%, a huge difference....
If you were to randomly pick just one provider at the bottom of the table with no knowledge of how they compared to other providers, you could end up paying 2.7 times more than if you happened to...
This only reinforces how important it is to shop around or get some advice before you decide to go with any particular provider. You should also be aware that there are always offers and discounts...
The exact charges are particular to your circumstances, so we would need to gather some basic details from you to find and compare specific quotations for your business. If you would like us to...
REQUEST AN INVOICE FINANCE QUOTE SEARCH or call Sean on 03330 113622 and he will do all the searching around for you....
http://www.fundinvoice.co.uk/find_out_more/invoice-finance-costs.html - Market Research About Finance
Before you take out invoice finance, read this. FundInvoice LLP has produced this free, extensive UK archive of invoice finance research regarding factoring (with credit control) and invoice...
FundInvoice also offers an award-winning, research-based, independent, invoice finance quotation search and advice service. CONTACT FUNDINVOICE...
We want to share some of the findings and reports from our extensive invoice finance market research programme. Our findings are shared online, individually, via Glenn Blackman's Invoice Finance...
We have the findings from numerous surveys related to invoice finance and business funding in general. We have undertaken extensive research to understand these products and the differences between...
We have summarised our invoice finance pricing related research and information into a single post that draws together multiple studies across various different products....
These infographics summarise some of our research findings (click on the images for large versions), or you can view all of our: Infographics:...
Adverts for the #IFaware campaign:...
UK late payment, growth and recommendations for invoice finance:...
New startups and high growth funding: ...
Market sizing and existing client research:...
Infographics in PDF format:...
These are links to the various research summaries that pull together our findings:...
Presentations relating to our Invoice Finance Market Research Programme....
You can see our research-related videos on our FundInvoice YouTube channel....
Many of our research findings are shared via our blog. You can find all the research-related blog posts here....
We encourage anyone to reuse our results to promote the industry. Use of our findings is free of charge, and we only ask that you credit FundInvoice LLP for the research and provide a follow link...
We are currently releasing the results from our survey of existing invoice finance users - there will be a further research summary in due course, but the findings will be published to the blog (see...
We also manage the UK Invoice Finance Group on LinkedIn. This group is open to anyone to join that shares its aims: The UK Invoice Finance Research Group is intended to enable the sharing of research...
Important Notice - Disclaimer...
All data and information provided in this document and the links to other sites are for informational purposes only. Neither Glenn Blackman nor FundInvoice LLP take any responsibility for this data...
http://www.fundinvoice.co.uk/find_out_more/invoice-finance-market-research.html - Lists Of Business Financing Companies
FundInvoice has various lists of business finance companies on this website. This page summarises them in one place....
REQUEST A QUOTE SEARCH...
Many of the finance companies will have direct response links in the list, which can be used to contact them or to request a business finance quote from them (we can do this for you - see below):...
You don't have to do the searching around yourself. If you want a free, independent quote search conducted, please REQUEST A CALLBACK or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/find_out_more/lists-of-business-finance-companies.html - Market And Customer Research Services
Online or telephone research services are provided by our "Survey Sensei" research team. All research is conducted using a questionnaire that you agree in advance....
The results will be analysed and the findings reported back to you, on a one-off or regular basis....
REQUEST A CALL BACK...
Survey Sensei specialise in research projects and can help you with all types of surveys and professional research services, including:...
Unlike many of our competitors, we can also handle small research projects....
Our founder, Glenn Blackman, has over 25 years of experience within the sector and has helped numerous businesses improve their performance and business results, through his unique approach to the...
Our purpose is to help organisations structure effective customer feedback programmes, that will allow them to increase revenues, and retain customers...
In addition to undertaking our own research programmes, we also assist customers with online, or telephone-based, research projects of their own. Respondents are contacted on your behalf, and...
We can offer a comprehensive customer satisfaction monitoring service via customer surveys and polls. We work closely with our clients, tailoring our approach to ensure that we get them exactly what...
If you wish, Survey Sensei can seek new business referrals from customers or prospects, in the course of undertaking the research....
The pricing is dependent upon the nature of your project, so will be discussed with you once your requirements are understood. We tend to find that we are very competitive when compared with other...
Customers often say that it makes them feel important to be asked what they think....
In many cases, they will tell a third party what they will not tell you....
Finding out what your customers or prospective customers think can help you. You can use this information to:...
The research service is simple, and works as follows:...
The questionnaire can include quantitative questions e.g. rate particular aspects out of 10, and qualitative questions e.g. why didn't you buy? We recommend that surveys should always include...
We are able to take a flexible approach to help our clients achieve their goals through capturing feedback. Working with you we will develop questionnaires that get the information you want, in the...
Rather than taking a “one size fits all” approach, or leaving you to structure and design your own surveys, we work with you, adding our expertise, to ensure that your tailored survey...
If an interview warrants intervention from your organisation, we can arrange for that interview to be escalated to the appropriate person, so that they can take immediate action to rectify the...
We can even structure studies to maximise the chances of receiving repeat business, or to generate new customer introductions. In this way, some surveys can provide financial benefits to our clients....
A comprehensive research programme can take in all aspects of your organisation, to gain 360-degree feedback from customers, staff, suppliers and other parties that interact with you. This feedback...
Survey Sensei is a division of FundInvoice LLP...
http://www.fundinvoice.co.uk/find_out_more/research-services.html - Situations Where We Can Help
These are examples of situations where invoice finance, factoring and invoice discounting can help your business....
CONTACT US FOR HELP...
Read more about When To Use Invoice Finance....
http://www.fundinvoice.co.uk/find_out_more/situations-where-factoring-invoice-discounting-can-help.html - Specialist Help For Your Industry Sector
FundInvoice is able to assist just about any industry sector with some form of business finance....
REQUEST A CALL BACK TO DISCUSS OPTIONS or call Sean Morrow on 03330 113622....
However, there are some particular sectors that we have specialist resources to help:...
This is a full list of all the Standard Industry Classification codes that we can assist, in nearly all cases there are specialist finance options available....
You can also read about some of the trades that we have helped access business funding....
http://www.fundinvoice.co.uk/find_out_more/specialist-help-for-your-industry-sector.html - Online Application
To request a quotation search for business finance please provide the following details....
[FORM DO NOT DELETE!]...
http://www.fundinvoice.co.uk/forms/online_application.html - Back Issues From 2014
FundingVoice magazine back issues from the year 2014 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-2014-back-issues.html - Back Issues From 2015
FundingVoice magazine back issues from the year 2015 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-back-issues-2015.html - Back Issues From 2016
FundingVoice magazine back issues from the year 2016 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-back-issues-2016.html - Back Issues From 2017
FundingVoice magazine's back issues from the year 2017 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-back-issues-2017.html - Back Issues From 2018
FundingVoice magazine's back issues from the year 2018 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-back-issues-2018.html - Back Issues From 2019
FundingVoice magazine's back issues from the year 2019 are set out below:...
See also other back issues from different years....
http://www.fundinvoice.co.uk/fundingvoice-back-issue-years/fundingvoice-back-issues-2019.html - FundingVoice May 2017
FundingVoice May 2017 - Factoring Price Reductions....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/funding-voice-may-2017.html - FundingVoice April 2016
FundingVoice April 2016 - 42% Invoice Finance Cost Saving....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-april-2016.html - FundingVoice August 2015
Read FundingVoice August 2015 - Finalists In 1066 Business Awards....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-august-2015.html - FundingVoice August 2016
FundingVoice August 2016 - Finance That Enables Turnover Growth....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-august-2016.html - FundingVoice December 2015
FundingVoice December 2015 - 100% Invoice Funding For Life....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-december-2015.html - FundingVoice December 2016 BMF Awards Finalists
FundingVoice December 2016 - Finalists At The BMF Awards....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-december-2017-fundinvoice-bmf-awards-finalists.html - FundingVoice February 2016
FundingVoice February 2016 - Business Finance You Don't Repay....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-february-2016.html - FundingVoice February 2017
FundingVoice February 2017 - Invoice Finance Special Offers....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-february-2017-invoice-finance-special-offers.html - FundingVoice January 2016
Welcome to the newest edition of FundingVoice magazine, bringing you the latest invoice finance news. This month I have a piece about the assistance that is available if you want to move invoice...
This edition also sees FundInvoice having been confirmed as "Finalists" at the Business Moneyfacts Awards 2016, our trademark of the FundInvoice brand having been registered, and a new exclusive logo...
As always, if I can help you by conducting a free, independent invoice finance quotation search for you please contact Sean at FundInvoice. On average I have been able to:...
Save 4 out of 5 businesses money on quotes received elsewhereSave my clients 35% of their invoice finance costs Sean Morrow...
With kind regards,...
Sean...
Sean Morrow...
03330 113622...
www.fundinvoice.co.uk ...
REQUEST A FREE INVOICE FINANCE QUOTE SEARCH...
You may have many different reasons to want to move invoice finance providers e.g. cost savings, improving service levels or increasing funding. Our recent research suggests that some people worry...
There is help available to remove the hassle and cover the costs . . . help moving invoice finance companies...
We recently told you about one of our funding partners offering new customers 100% funding against their invoices for their entire life as a client (less charges). That offer was due to expire at the...
Many people want to save some money on their factoring costs by selecting particular debtors to receive funding against, rather than submitting all their invoices. There are two options, select...
FundingVoice magazine is published by FundInvoice LLP. By contacting FundInvoice LLP or any of its partners via this publication, or our websites, you are confirming your acceptance of our Standard...
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-january-2016.html - FundingVoice January 2017
FundingVoice January 2017 - A Comparison Of Factoring Prices....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-january-2017-comparison-factoring-prices.html - FundingVoice July 2017
FundingVoice July 2017 - Help Overcoming Funding Problems....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-july-2017.html - FundingVoice June 2016
FundingVoice June 2016 - 34% Cost Savings....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-june-2016.html - FundingVoice June 2017
FundingVoice June 2017 - Business Finance Despite Bad Credit....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-june-2017-business-finance-despite-bad-credit.html - FundingVoice March 2016
Welcome to the newest edition of FundingVoice magazine, bringing you the latest invoice finance news. This month I have a piece about the assistance that is available if you want to move invoice...
This edition also sees FundInvoice having been confirmed as "Finalists" at the Business Moneyfacts Awards 2016, our trademark of the FundInvoice brand having been registered, and a new exclusive logo...
As always, if I can help you by conducting a free, independent invoice finance quotation search for you please contact Sean at FundInvoice. On average I have been able to:...
Sean Morrow...
With kind regards, ...
Sean...
Sean Morrow...
03330 113622...
www.fundinvoice.co.uk ...
REQUEST A FREE INVOICE FINANCE QUOTE SEARCH...
You may have many different reasons to want to move invoice finance providers e.g. cost savings, improving service levels or increasing funding. Our recent research suggests that some people worry...
There is help available to remove the hassle and cover the costs . . . help moving invoice finance companies...
We recently told you about one of our funding partners offering new customers 100% funding against their invoices for their entire life as a client (less charges). That offer was due to expire at the...
Many people want to save some money on their factoring costs by selecting particular debtors to receive funding against, rather than submitting all their invoices. There are two options, select...
FundingVoice magazine is published by FundInvoice LLP. By contacting FundInvoice LLP or any of its partners via this publication, or our websites, you are confirming your acceptance of our Standard...
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-march-2016.html - FundingVoice March 2017
FundingVoice March 2017 - Business Loans & Offers....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-march-2017-business-loans-and-offers.html - FundingVoice May 2016
FundingVoice May 2016 - Examples Of Invoice Finance Prices....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-may-2016.html - FundingVoice November 2015
FundingVoice Magazine November 2015 - Invoice Finance Savings End Soon....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-november-2015.html - FundingVoice November 2016
FundingVoice November 2016 - Raising Awareness Campaign....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-november-2016-lists-of-invoice-finance-fianciers.html - FundingVoice October 2015
FundingVoice October 2015: Up To 100% Invoice Funding....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-october-2015.html - FundingVoice October 2016
FundingVoice October 2016 - The Differences Between Factoring Companies....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-october-2016.html - FundingVoice September 2015
Read FundingVoice September 2015 - £10K Golden Hello Offer....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice-september-2015.html - FundingVoice April 2014
FundingVoice magazine: April 2014 - First Edition of FundingVoice....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice_april_2014.html - FundingVoice March 2015 Is Available
FundingVoice March 2015 - Free Invoice Finance Price Check....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice_mar_2015.html - FundingVoice May 2014
FundingVoice May 2014 - Fast Growth Research & 50% Cost Saving....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice_may_2014.html - FundingVoice October 2014
FundingVoice Magazine October 2014 - Invoice Finance Cost Savings....
http://www.fundinvoice.co.uk/fundingvoice_back_editions/fundingvoice_oct_2014.html - Articles
Below are the various articles from FundingVoice magazine:...
[LIST DO NOT DELETE!]...
http://www.fundinvoice.co.uk/funding_voice/articles.html - Back Issues
FundingVoice magazine gives you the latest business finance offers and discounts as they become available. It also includes articles, tips and support to improve business cash flow and funding, from...
Below is a list of the back issues of Funding Voice Magazine for you to read....
(Please note that the statistics and cost savings quoted may have been updated in more recent studies; we don't go back and update all previous articles.)...
This list tends to lag publication, if you want the latest, the best option is to subscribe....
http://www.fundinvoice.co.uk/funding_voice/back_issues_fundingvoice.html - Editorial Calendar
NOTE: We are topically driven according to what is current rather than committing to an editorial calendar in advance. Hence we no longer update the calendar below....
Below is the future editorial calendar for FundingVoice magazine:...
Read: Previous Back Issues Of FundingVoice Magazine...
http://www.fundinvoice.co.uk/funding_voice/editorial-calendar-fundingvoice-magazine.html - Editorial Guidelines
We like to invite articles for inclusion in FundingVoice magazine, from experts within relevant sectors....
By submitting an article to FundInvoice LLP, you are confirming your acceptance of the following terms and conditions for article submission:...
We do not charge for the inclusion of an article, but we do ask that articles follow our editorial guidelines:...
If you would like us to include an article in FundingVoice please get in touch....
http://www.fundinvoice.co.uk/funding_voice/editorial-guidelines-articles.html - Free Subscription
Subscribe to FundingVoice e-magazine, (it's free) and get your 2 free ebooks, just click the gold button below, put your name and email address in the form that appears, and then press...
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IMPORTANT NOTE: When you subscribe, you will receive a confirmation email with a link you MUST click on to confirm your subscription....
You can unsubscribe at any time....
You will be joining our base of existing subscribers who receive our free newsletter each month....
As a bonus for subscribing, anyone who signs up will receive the option to download a complimentary copy of both our e-books:...
All you need to do to get your free copies is subscribe to our monthly e-magazine....
We will only email you FundingVoice (normally monthly), with the latest business & invoice finance offers, discounts and related updates....
Your email address will not be shared with any third parties, or used for anything else, without your prior consent. All emails we send you will include a link that you can use to unsubscribe at any...
NOTE: When you subscribe we will send you a confirmation email, you MUST click on the link in that email to activate your subscription, and receive your free ebooks....
http://www.fundinvoice.co.uk/funding_voice/free_subscription.html - Free Magazine
Welcome to "FundingVoice" Magazine, the free magazine that is about business growth, the latest business funding & invoice finance offers, deals & discounts. Keep up to date with everything...
SUBSCRIBE FOR FREE...
FundingVoice includes all the latest important updates to help to grow your business, research findings, articles and advice from experts about improving the cash flow of your business. We also bring...
We offer all new subscribers the option to download 2 complimentary ebooks:...
All you need to do to get your free copies is subscribe to our monthly e-magazine....
Case study - 42% Saving Via Our Magazine...
Get FundingVoice each month, direct to your inbox, free of charge by subscribing below (we will not give your email address to any third parties without your consent):...
You can subscribe for free and receive complimentary copies of our 2 ebooks: "The Growth Marketing Playbook" and "The Startup Wizard"....
You can read back issues of our magazine and some of our articles....
Articles are often contributed or co-written by expert authors on subjects such as how to grow your business, newly launched finance offers, credit control, avoiding bad debts, accessing sources of...
If you would like to contribute to future editions please get in touch. Please note that we do not allow "link building" type articles - respondents can contact contributors via contact pages that we...
Glenn Blackman EDITOR...
http://www.fundinvoice.co.uk/funding_voice/funding_voice.html - Types Of Invoice Discounting In Finance
Our related article about the different kinds of factoring showed how the financial product "invoice discounting" (often abbreviated to ID) fits into a hierarchy of financial products called "invoice...
In the UK, the principal difference between factoring and invoice discounting facilities is that with the latter, no credit control service is provided by the finance company (known as a...
Debt factoring deserves a mention, as an alternative to discounting, which generally presents a lower risk profile due to the active involvement of the financier in collecting payments from...
Our definition of invoice discounting is as follows:...
"A financial service for businesses, whereby a discounter provides prepayments against the unpaid credit invoices of a business, to improve its cash flow"....
That definition is correct in the very simplest sense of these services, however, many product variables could be present to enhance that definition....
You can find a full explanation of how these products work, together with pricing on our confidential invoice discounting product page....
The history of discounting dates back to the time of King Hammurabi of Mesopotamia, some 4,000 years ago. However, this type of financing only emerged in the formats that we see today in the Middle...
By the 1600s and 1700s, this type of financing had become common. London's merchant bankers regularly advanced funds to American colonists in respect of goods and materials before the goods made...
Since that time, the idea of providing finance against debts has become increasingly popular, as an alternative to more traditional bank finance such as overdrafts and loans. This kind of funding...
There are now a large number of discounters in the UK, we estimate that over 60 providers from our list of invoice finance companies now provide discounting services. UK Finance is the principal...
The growth in the number of providers offering these services has gone hand-in-hand with an expansion in the variety of different product types that are on the UK market. There are many nuances in...
Historically, clients had to discount all of their invoices (perhaps with a few mutually agreed exclusions) but in recent times completely selective offerings have emerged, delivering ultimate...
There is also a great deal of difference between the offerings of the various ID providers in the UK. Many of these have emerged to gain some kind of competitive advantage, many have been offered...
Firstly, you could split the providers by whether they are banks or independent companies. There are also huge differences between the methods of operation between individual providers. At one end of...
There are now numerous flavours of discounting available in the UK and this article describes each of the types in some detail. We have concentrated on what makes each of them unique, rather than...
These are some of the different types of ID facilities found in the UK. Note that in some cases brand names will be used for particular product offerings. Understanding the functionality delivered by...
If the product is offered on a confidential basis, then customers are intended to be unaware that the client is using the service. In some cases, a client may prefer this as it leaves their...
No notice of assignment letter is sent to the debtors at the outset, and the sales invoices do not bear an assignment clause. The statements and chasing letters are all sent by the client, who also...
When the customers pay, they pay into a "trust account" which is set up and controlled by the discounter. However, it is an account in the name of the client, so to a debtor, it will appear to be...
Even when the discounter's auditors conduct telephone debt verification, during an audit (often conducted quarterly), they will call in the client's name, maintaining that confidentiality....
As the discount service is confidential, this presents a higher level of risk to the discounter. In the event of their client failing, the customers could pay the wrong party as they have not been...
It is common with ID for the discounter not to keep a sales ledger, but rather to adjust control balances for the total value of debts. This is called "bulk" processing. This sometimes requires that...
There is another method of operation, that has emerged in recent years, called "sales ledger upload". Types of software have been developed that integrate with your accounting software and enable you...
The process of uploading the ledger can be set to happen automatically, minimising your workload, or it can be triggered manually. The discounter then makes invoice prepayments based on the figures...
If you really want to know if a company is using confidential invoice discounting, there is a way of telling....
It is normal for the discounter to register a charge over the book debts or a debenture at Companies House. This is a type of security that grants them certain rights, over the assets of the company,...
You can find a list of discounters on our site, and you can search the register at Companies House for any company to view its accounts, Directors and registered documents. There will be a copy of...
The only drawback to this method is when they are using a bank. Sometimes you cannot distinguish between a company using a bank for an overdraft or loan or ID, as the charge may look similar....
As the name suggests this product is not confidential from the client's customers, but once again the client maintains their invoice collection function. There will be general notice of...
The facility will normally be operated on a "bulk" basis but in some cases, there may be a "shadow sales ledger". Prepayments are made against your invoices as described previously....
The disclosed nature of the facility puts the financier in a safer risk position, so they are likely to be able to offer this kind of service to customers who may not have qualified for a...
Both CID and DID can operate on either a recourse or a non-recourse basis (non-recourse includes bad debt protection). Recourse is most common in the UK, it effectively means that if an invoice is...
Protected invoice discounting also includes bad debt protection, such that if a covered invoice (one that falls within the credit limit the discounter sets for your customer) is not paid within an...
You are also not covered in the event of a dispute....
You can either choose to include all your sales invoices in the ID arrangement, to maximise funding, or you can select individual invoices to discount. Selective will be more expensive if you have an...
With selective, you can submit single, or batches of invoices to be funded - this can be a great "in case of need" facility to smooth out any cash flow humps....
The customer handles their own collections (CHOCs) sometimes also called CHOCCs (customer handles own credit control). This is a product where the customer undertakes all their own credit control...
A shadow sales ledger is normally maintained by the discounter....
Discounting services are also available for export invoices, to foreign debtors. This can be in conjunction with UK debtors (domestic and export), or solely for export customers. Not all countries...
This term is normally applied to a specialist service used by many recruitment companies. Payroll finance facilities combine funding against invoices with a payroll management service to outsource...
Specialist Islamic Invoice Discounting is available whereby there are no interest charges or discount fees against your facility....
So to summarise, the key feature of invoice discounting, as distinct from factoring, is that it offers prepayments against your invoices, whilst allowing you to retain your own credit control...
You can use ID for both UK and export debts, and you can either select invoices to discount or discount them all. Bad debt protection (non-recourse) is an option in many cases and may be a...
See our explanation of the: Invoice Discounting Product-Related Decision Making Tree....
As with any other product, the service delivery between different providers may differ. Even though you are undertaking your own credit control function, there is still likely to be interaction with...
There are likely to be pricing differences but also the exact modus operandi may vary. Many financiers also employ product names which can further complicate your understanding of the product....
http://www.fundinvoice.co.uk/invoice-discounting/types-of-invoice-discounting-in-finance.html - Alternatives To Factoring
If you are looking for alternatives to factoring, there are plenty available. You may already be using a factoring service that you are not happy with, or thinking of using it for the first time....
For help, in complete confidence, please either request we call you back, email us: [email protected] or call Sean Morrow on 03330 113622....
The alternative that best suits you will depend on the issues that you have with using factoring....
Below are some of the problems with factoring that some users mention and, in each case, the possible alternative solutions that we can help you find:...
http://www.fundinvoice.co.uk/invoice-finance/alternatives-to-factoring.html - IFaware - Dogged By Cash Flow Problems?
Following the lauch of our #IFaware campaign, to raise awareness of invoice finance, we have released this second unbranded advert - "#IFaware - Are You Dogged By Cash Flow Problems? Have You Heard...
We would very much appreciate you sharing news of our campaign....
You can help by sharing our posts which are on various social media sites....
Please use the hashtag #IFaware on social media so we can thank you for your support....
If you want to find out more about invoice finance we have information available....
http://www.fundinvoice.co.uk/invoice-finance/ifaware-dogged-by-cash-flow-problems.html - IFaware Growth Finance
As part of our #IFaware campaign, to raise awareness of invoice finance, we have released another unbranded advert for invoice finance - "#IFaware - Growth Finance" which we hope you will help us by...
The advert promotes the fact that 87% of existing users, that responded to one of our surveys, told us that using invoice finance had enabled the growth of their business....
The research mentioned above confirmed the link between using forms of invoice finance, such as factoring and invoice discountng and becoming a fast growing company. The advantage of these types of...
As you raise invoices to customers, a prepayment percentage of each invoice value, is released to you. As the volume of outstanding invoices on your sales ledger grows, so does the amount of money...
If you need help getting Growth Finance please call Sean on: 03330 113622 or use the application form on this page....
http://www.fundinvoice.co.uk/invoice-finance/ifaware-growth-finance.html - Invoice Finance For Accountants
This information, invoice finance for accountants, has been added to give help to accountants that are either seeking invoice finance or factoring for their clients, or a working capital increase for...
If you are looking for general information about these products and services, please see our: Invoice Finance Guide....
If you want to raise finance for your own accountancy practice, we can help you find a funder that is experienced in funding accountants. We can arrange finance against fee notes so that you are...
If you require a quote for your company (or your client), please use this quote request option:...
REQUEST A QUOTE...
Alternatively, if you would prefer to speak to an expert please call Sean on 03330 113622 for a discussion, without obligation and in complete confidence....
You also can USE OUR INDEPENDENT QUOTE SEARCH SERVICE to help your clients find the right invoice finance provider. Alternatively we are happy to speak to you or them, and talk through the options....
This is a value added service that you can offer your clients, at no cost to your business....
If you would like to offer our invoice finance brokerage service as an added value service for your clients, we can provide you with a personalised landing page on our site, for your clients to use....
This can be branded with your logo and with some tailored text. It can be a contact request form (asking a member of our quote search team to contact them) or a full application for finance. We can...
Our research suggests that accountancy firms are key to helping businesses access receivables finance but on average accountants may only have two invoice finance companies that they deal with. Many...
On average we have been able to save companies significant amounts on quotes received elsewhere. You can pass those savings onto your client....
We receive a commission from any customers that we successfully find facilities. We are happy to share that commission with you if you wish....
These are some further case studies that show how we have been able to assist accountancies accessing receivables financing services:...
Case study - Funding an Accountancy Practice....
Case study - Factoring Accountancy To Dentists....
Case study - Factoring For Accountants....
http://www.fundinvoice.co.uk/invoice-finance/invoice-finance-for-accountants.html - IFaware
Our research has found that 1 in 3 UK companies have not heard of invoice finance, a product which was recommended by 98% of existing users that we surveyed, and which can be the answer to the cash...
We want to build invoice finance awareness, which is difficult when you don't have a marketing budget! So we would kindly ask for your help in spreading the word through social media, blogs and...
You can help by sharing our graphic which is on various social media channels....
We are using the hashtag #IFaware on social media - so please use that hashtag so we can see, and thank, the people that are helping us spread the word!...
If you want to find out more about invoice finance we have extensive product information and market research available....
If you need help please request a call back or call Sean on 03330 113622....
Below are further campaign adverts as they are released, follow the links to the page with all the details about how to share each image:...
Dogged by Cash Flow Problems?...
Campaign 3...
Growth Finance...
http://www.fundinvoice.co.uk/invoice-finance/invoice-finance-ifaware.html - List Of Invoice Finance Companies UK
Below is our comprehensive list of invoice finance companies in the UK. In recent years, the list has grown with the addition of products such as asset-based lending (ABL), selective invoice...
To get and compare quotes for invoice financing, please use the button below:...
COMPARE INVOICE FINANCE QUOTES NOW...
Receivables financing companies have grown, increasing the choice for our clients, which is good news....
However, the increased choice has also created more difficulty in choosing a provider because of the many choices. Fortunately, we have undertaken extensive research to understand which providers...
Below is a list of the UK's invoice finance companies....
If you were looking for a list of factoring companies or a list of invoice discounting companies we can identify those for you, from the full list below....
The list of invoice finance companies (and list of factors) below demonstrates a large number of choices available to clients, but you may want help to narrow the choice. FundInvoice LLP offers an...
Our invoice finance experts have extensive experience in the market. Based on exactly what you are looking for, they will be able to connect you with the invoice finance companies that are most...
Please note that the presence of a business on our list below does not constitute any endorsement by FundInvoice LLP....
We can put you in touch with any of the invoice financiers on this list: CONTACT US, or we can conduct an invoice finance quotation search for you: REQUEST YOUR FREE INVOICE FINANCE QUOTE SEARCH or...
When searching for the best invoice finance companies in the UK, comparing offerings, pricing structures, and customer reviews is important. Each provider differs in flexibility, service levels, and...
Whether you prioritise speed, low fees, or tailored solutions, our comparison service helps you navigate the options to find the ideal fit for your company....
Below is a list of some of the many invoice finance companies in the UK. Some have links to further information or contact forms to contact them directly....
Currently, by our count, there are 121 invoice financing distinct organisations on our list (presently trading as far as we know):...
These providers either no longer exist or no longer offer invoice financing services....
If you are looking for global lists of factoring companies worldwide, you can find help here: Worldwide List Of Factoring Companies...
Over the last decade and a half, we have evolved our list of financial factoring companies and those providing receivables financing. However, we are contacted by approximately one new provider every...
If you have any other providers that you think should be added to the list please contact FundInvoice, we are always happy to add to our list of factoring companies....
* former names include: Ultimate Finance Group PLC, Ultimate Invoice Finance and Ultimate Trade Finance...
http://www.fundinvoice.co.uk/invoice-finance/list-invoice-finance-companies-uk.html - List Of Selective Invoice Finance Companies
If you are looking for selective, or single, invoice finance, where you can pick and choose the invoices that you receive funding against, there are several providers on our panel, which are listed...
You will see that there are links in our UK list of selective invoice finance companies for you to contact them directly if you wish. Alternatively, we provide a full service whereby we will help you...
To use our free, independent service just call Sean on 03330 113622 or REQUEST A FREE QUOTE SEARCH...
You can use the links below to contact these providers directly (in alphabetical order):...
Selective by invoice (in alphabetical order):...
Please find below more general information about this type of business finance:...
http://www.fundinvoice.co.uk/invoice-finance/list-of-selective-invoice-finance-companies.html - Everything You Need To Know About Invoice Finance
Below is everything you need to know about invoice finance (IF), all in one place. to release the cash tied up in your unpaid invoices....
REQUEST A FREE QUOTE SEARCH FOR INVOICE FINANCE PRICES or speak to Sean on 03330 113622 for help....
You could define invoice finance as: "finance provided against unpaid sales invoices, with the optional addition of credit control support and bad debt protection"....
It can be broken down into:...
There are now numerous different product options on the market. Use our free finance product finder. Some key product options are:...
Here you can find details of pricing and costs:...
You can speak to Sean on 03330 113622 and he will find you specific quotations for your company....
Here is a: List of Invoice Finance Companies within the UK - we will happily put you in touch with any of them. The product offerings vary dramatically as do the service levels and prices....
We have many other resources regarding these products:...
http://www.fundinvoice.co.uk/invoice_finance/everything-you-need-to-know-about-invoice-finance.html - GapCap
Contact details: REQUEST A CALL FROM GAPCAP...
GapCap are a FinTech business offering selective invoice finance (SIF) to companies based in England and Wales, since inception in June 2014....
SIF from GapCap offers clients:...
Customers must have invoices of no less than £3,000, although a batch of invoices totalling that amount can be funded....
Articles contributed to our magazine and blog by GapCap:...
http://www.fundinvoice.co.uk/invoice_finance/gapcap.html - Kriya
Kriya was previously branded Marketfinance and before that Marketinvoice....
Contact details: REQUEST A CALL FROM KRIYA...
Kriya is a peer-to-peer business finance platform, founded in 2011. They enable their customers to sell their sales invoices and receive funds, within 24 hours. The funds are provided by several...
Towards the end of 2017 they launched a "business loan" product for companies looking to borrow up to £100K over up to a 12-month term - this has since been increased to up to £250K over...
Blogpost: Business loan rates from 1% per month...
Customers must have a minimum turnover of £100,000 and have been trading for at least 6 months. Customers can select which individual invoices they need funding against. This product allows...
There is now a fixed-term contract option for their selective invoice discounting solution....
Startups that can demonstrate £300,000+ turnover or projected turnover for the year, are also eligible for selective invoice trading....
This product provides customers with an annual turnover in excess of £1 million, with a funding line against their outstanding sales invoices. This facility enables the customer to raise...
The platform is able to handle Euro, US Dollar (USD) and Sterling (GBP) invoicing....
Articles contributed to our magazine by Kriya:...
The blog post about the launch of the Kriya selective product....
http://www.fundinvoice.co.uk/invoice_finance/marketinvoice.html - Invoice Finance Mystery Shopper Report
We conducted this mystery shopper exercise in order to discover which of our panel of invoice finance companies quoted the cheapest price when asked to quote for a typical client - the cheapest...
These quotations were for a specific business, so there may be variations for your business. If you want a specific price quote for your business, we can conduct a quote search for you....
This was the structure for the research....
The top 3 cheapest Confidential Invoice Discounting quotes were identified....
The top 3 cheapest Recourse Factoring quotes were identified....
The top 3 cheapest Non-Recourse Factoring quotes (with bad debt protection included) were identified...
Notes: The recourse and non-recourse factoring quotes related to a business with an annual turnover of £1.32M with funds in use of £200K. The confidential invoice discounting quotes...
http://www.fundinvoice.co.uk/invoice_finance/mystery_shopper_report_cheaptest_invoice_finance.html - Overpayments
What is an Overpayment or an Overpayment Facility?...
A factor or invoice discounter will provide funding to their client against their outstanding sales ledger (factoring or invoice discounting) according to a set of rules known as the funding formula....
In some cases, such as an acquisition or a period of high growth, a business may require more finance than the funding formula will generate. Rather than change the funding formula, the provider may...
In some cases, this facility attracts an additional fee and is only available for a short period of time, in other cases the provider may agree to provide an overpayment on an ongoing, semi-permanent...
Alternatively, you might want to consider a standalone term loan....
Sometimes these additional payments are called loans, cash flow loans or top-up loans. As an example, we recently received an offer from one of our partners who will allow their clients to go to a...
REQUEST A QUOTE...
Not all factoring and invoice discounting companies operate in the same way....
Some are more prepared to offer overpayments than others and in some cases, the overpayment facility is considered an additional product within the provider's product range. We can provide...
See our article about: Working Out How Much You Need...
If you already use a particular provider asking for an overpayment may get you what you need. The provider will normally consider their security and make a judgement as to whether they feel the...
If you need specialist advice about how to access overpayments, the amount of funding that can be released and the costs involved please let us know and we will be pleased to help. Call Sean on 03330...
http://www.fundinvoice.co.uk/invoice_finance/overpayments.html - Sales Ledger Upload
Hundreds of clients are now using the new Confidential Invoice Discounting facility with award-winning Sales Ledger Upload, through one of our panel of providers....
The product was launched several years ago and the demand has been high and growing....
The product is managed via a secure, electronic link and integrates with your sales ledger accounting package (it handles most of them) so that a copy of your ledger can be uploaded and funding (up...
The product can be paperless so it is also environmentally friendly not to mention easy to use....
The benefits of using Sales Ledger Upload are as follows:...
For more information about Confidential Invoice Discounting with Sales Ledger Upload contact us....
http://www.fundinvoice.co.uk/invoice_finance/sales-ledger-upload-confidential-invoice-discounting.html - Close Brothers Invoice Finance Testimonial
“I have dealt with Sean and Glenn for a number of years and have always enjoyed the experience....
They are both very knowledgeable of the invoice finance market and are thought leaders in their regular blogs about our industry....
Every opportunity that is presented to us is always thought through from a lender's perspective and this is the quality I most admire. They tend to target their introductions to similar lenders...
Andy Leopold...
Head Of Sales - South Close Brothers Invoice Finance...
http://www.fundinvoice.co.uk/invoice_finance_company_testimonials/close-brothers-invoice-finance.html - Hitachi Capital Invoice Finance Testimonial
“Hitachi Capital have been working alongside the partners of FundInvoice (Sean and Glenn) over the past 10 years to help small to medium sized businesses grow and flourish across the UK. As a...
If I were to recommend an independent broker to any client then I would have no issue introducing them to Sean as he is very ethical, professional and actually cares about what he does which are...
If you have a business and need any financial help, I would highly recommend you speak to FundInvoice as they have the contacts and expertise to find you what you need.”...
John Atkinson...
Head Of Commercial Business Hitachi Capital Invoice Finance...
http://www.fundinvoice.co.uk/invoice_finance_company_testimonials/hitachi_capital_invoice_finance_testimonial.html - Lloyds Banks Letter Of Thanks
“We have often worked on leads from FundInvoice LLP and have completed deals from this valuable source of business....
Thank you again for your support.”...
Nicky Taylor...
Regional Manager Lloyds Bank Commercial Finance Ltd...
http://www.fundinvoice.co.uk/invoice_finance_company_testimonials/lloyds_bank_thanks_letter.html - UK Late Payments Set To Rise Brexit Economic Impact
We have just completed a survey to assess the expected impact of Brexit on late payments within the UK. Our findings are quite frightening as they suggest that the majority of businesses, more than...
It was particularly striking to find that not a single company expected the current situation to improve as a result of Brexit....
The chart below shows the responses given to our survey of UK companies:...
A UK-wide referendum was held on the 23rd of June 2016 where 51.9% voted for the UK to leave the European Union (EU)....
On the 29th of March 2017, the UK Government led by Prime Minister, Theresa May, triggered Article 50 of the Treaty on the European Union. This action started a 2-year process, as a result of which,...
In the last few days, the IMF (International Monetary Fund) have reduced UK annual GDP growth forecasts to 1.7% for 2017, citing the uncertainties around Brexit as a key driver of this decision....
At FundInvoice we have conducted our own UK late payment survey in order to understand the effects that Brexit is expected to have on this aspect of the UK economy....
We surveyed 256 UK companies, selected at random. They were taken, fairly evenly, from across the following range of business sectors:...
In each case, we contacted a prime mover at the company and asked them the following question:...
"How do you think Brexit will affect the time that your customers take to pay?". Respondents were asked to indicate whether they expected the number of instances of late payment to increase, decrease...
We then calculated average responses overall and by sector....
The anticipated impact of Brexit is that the majority of businesses expect that customers will take longer to pay, with instances of late payment increasing....
Overall, no respondents expected an improvement in late payments, with these opinions on the Brexit economic impact given:...
The effects anticipated were subject to a quite dramatic shift, according to the industry sector of the party that we were speaking to....
The following graph shows the responses by sector, compared with the overall average:...
As you can see, the graph reflects a significant swing in opinions between different sectors. The haulage and construction sectors were anticipating the greatest impact as a result of Brexit, closely...
Recruiters expected a much lesser effect - but nonetheless a significant slowdown in customer payments. The recruitment agencies that we spoke to indicated that the impact on their sector would be...
Finally, the printing sector is expected to be the least affected but still anticipated a slowdown in the majority of cases. The feedback indicated that the impact of the printing sector would be 42%...
It may also be worth noting that extended credit terms are often already taken in the print sector, it may be that terms are already stretched, hence the anticipated future impact is less. However,...
In addition to recent late payment legislation to give businesses the right to charge interest on overdue debts, the Government has also introduced legislation requiring large companies to report and...
The other issue is of course smaller businesses paying late. In some cases, even the threat of a few months overdue interest may be seen as a cheap option to take the extra extended credit that they...
Some action has been taken by the Government, to try and tackle UK's late payment culture. For example the introduction of legislation to enable the charging of statutory interest on overdue...
The Atradius payment practices barometer from Spring 2016, suggested that 44.3% of B2B sales in the UK were on credit terms. 90% of British businesses had experienced late payments during the last...
Our research suggests that this position is likely to deteriorate further in the run-up to the UK leaving the EU....
So if the situation is set to get worse, what can you do about delinquent payments? We have set out some advice about tackling late payers below, in our top 10 tips for tackling late payments:...
So whilst our results suggest that UK businesses are set to experience a slowdown in customer payments, there are plenty of simple steps that you can consider to try and mitigate or alleviate the...
Article - How to protect your business against the effects of Brexit....
http://www.fundinvoice.co.uk/late-payment/late-payments-set-to-rise-brexit.html - Green Deal Invoice Finance
APPLY FOR FINANCE AGAINST GREEN DEAL SALES INVOICES...
We have dealt with numerous enquiries for invoice finance against government Green Deal scheme related sales invoices. We have been able to help a number of these customers successfully....
How Green Deals work is that the government scheme provides a loan, rather than a grant, against various home or business improvements that are "green" in nature i.e. energy saving such as:...
The work is assessed and carried out by approved Assessors and Installers who then invoice a government body for reimbursement - these invoices are normally able to be financed via invoice finance....
The situation can be slightly more complicated if the assessor, or installer, is providing the service via an intermediary firm from which they are sub-contracting but they may still be able to...
There tend to be two major issues with finding finance for such situations:...
The nature of the contract will need to be reviewed on a "case by case" basis, but there are points a sub-contractor can consider regarding debtor quality, before entering an arrangement with a...
In many cases, we have been contacted by sub-contractors who have already dealt with their customer/debtor (the main contractor) for several months. Therefore they have some unpaid sales invoices...
There is an alternative approach to credit checking debtors. You can check the debtor quality in advance. We can put you in touch with invoice finance companies that are familiar with handling green...
Often because of the nature of these Green Deal arrangements, the Assessor/Installer may only have one single debtor i.e. the government body which they invoice. This is not a problem as some invoice...
You may be thinking about how green your actual invoice financing facility is. With the focus increasingly on our carbon footprint and preserving the environment, there has been a spotlight on the...
A traditional invoice finance facility could well have a greater environmental impact due to:...
These products virtually eliminate the need for paper by taking an electronic upload of our client's sales ledger, via a secure online system. The same electronic web-based system also provides...
If you would like to know more about a greener alternative invoice finance product please get in touch....
If you are seeking finance against Green Deal-related invoices we can help: APPLY FOR FINANCE AGAINST GREEN DEAL SALES INVOICES...
http://www.fundinvoice.co.uk/list-articles/green-deal-invoice-finance.html - Explanation of Invoice Finance Offer Letters
Over the past few years, the invoice finance industry has gone through a number of changes, which will benefit companies that are looking for an invoice finance facility. This has included greater...
However, with these changes, has come a degree of diversity as to what an invoice finance offer letter looks like....
There has been a real move by many financiers to provide transparency when it comes to all the charges that could be incurred, but this transparency can result in a myriad of figures and fees being...
In addition, there are fees that are similar but given different names by different providers. An example would be the service fee, also called the administration fee, or factoring fee, depending...
You may have an offer from two providers, offering the same product, but with a completely different charging structure. In some cases, the fees are itemised, service charges and discount charges. In...
For these reasons, the following suggestions may prove useful to you when looking for the key points within a letter of offer and comparing offers:...
Using the services of an industry expert broker the issues regarding offer letters can be navigated easily ensuring that you have the best deal possible. For a free quote search please contact Sean...
http://www.fundinvoice.co.uk/list-other/explanation-invoice-finance-offer-letters.html - Guide To Factoring By Factor21
Cash flow is essential to the survival of all businesses. Unpaid invoices have value so factoring is a financial product designed to improve cash flow by providing finance against these unpaid...
Any product or service on offer by a prospective client to its customers (on credit terms) can be deemed factorable if the product or service delivered is considered “contractually...
Under this arrangement, the client business sells its invoices (book debts) to the factor when they are issued. The factor then pays the client up to 85% of the gross invoice value normally within 24...
For the client it is essentially “business as usual”, the only variation to the credit management function is the customers making payment direct to the factor and occasional verification...
The finance charge is expressed as a % over base rate with daily interest charged on the funds in use (on a compound basis) and charged to the client account at month-end – just like an...
The service charge is expressed as a % of turnover and charged against the assignment of each invoice. For instance, if the level of advance is 85% and the service charge is 1.0% then the client...
On paper, yes. However, factoring can provide more working capital than a bank even with the same security. Also, with the right provider, this also results in a closer and more responsive...
Pgs are a prerequisite as the directors/shareholders are required to warrant that the invoices purchased by the factor are genuine and collectable. In a business failure scenario, a pg will encourage...
12 months is the norm with a notice period of three or six months thereafter....
The level of funding is geared to the invoices raised against the customer base. However, the product is formula-driven and if a key customer represents a large proportion of the debt there may be a...
This guide to factoring was written by Manus O'Donnell of Factor21....
CONTACT MANUS O'DONNELL AT FACTOR21...
http://www.fundinvoice.co.uk/list-other/guide-to-factoring-factor21.html - Improve Cash Flow 10 Ways
Below are 10 free ways to improve cash flow for your business. In each case, the impact may be small but combined together these ideas could have a significant positive effect on the amount of cash...
The following video explains just a few simple ways of improving cashflow. There is a lot more detail in the list below, but these are some of the most important actions that you could take to boost...
Below are some more detailed ideas, and in some cases, these ideas may earn you additional income to help fund your business:...
The longer you take to pay your suppliers, the more cash you will conserve within your business. It might not be possible to take additional credit in some cases but you could review your creditors,...
Another option is to consider equipment finance to release cash against equipment already purchased or to spread the cost of future purchases....
Chasing your outstanding sales invoices prior to the date that they fall due. By doing this, and requesting confirmation of the payment date, you may be able to accelerate the cash flow of your...
Whether you handle your credit control function yourself, via staff or through the use of a factoring company, setting a target for the amount of cash that should be collected from outstanding...
With most credit cards, providing the balance is cleared at the end of each month, you do not incur any interest or charges. By using your credit cards for purchases you can effectively receive a...
This does not necessarily relate to the raw materials used within your business, although it could, but instead other items such as stationary or items of office equipment. Go through everything that...
This methodology can be applied to any aspect of the purchases that you make within your business. Simply set a target to reduce a particular aspect of your expenditure by say 10% and then look for...
By seeking alternative suppliers for your business utilities you may be able to save some cost, or you may wish to consider a utility warehousing company that is able to offer you discounts if a...
If you have members of staff that are on a fixed salary by asking them all to do a couple of additional hours out of goodwill, without incurring any additional costs, you may be able to have an...
By introducing your slow-paying customers to a factoring company, they are likely to receive a cash injection into their business, which could improve the speed with which they are able to pay your...
This article explains how factoring can improve cash flow....
You could equally try using some form of receivables financing for your own business. It works by releasing the cash that is held in your unpaid debtor invoices. A finance company provides you with...
Our article about getting extra cash into your business explains the impacts that various types of business financing can have on your working capital position....
See this related article for more about When A Company Should Use Invoice Finance....
The following video explains how using this type of finance can actually boost your profits:...
This approach can be applied to both staff situations and customers. For example, with a member of staff, rather than offering financial incentives for performance you could offer additional holidays...
If you are able to put in place just a few of the above ideas, it is likely that they will have a positive effect and improve the cash flow of your business, without incurring additional costs....
http://www.fundinvoice.co.uk/list_articles/10-free-ways-improve-cash-flow.html - 10 Things To Check With Invoice Finance
This article explains 10 things to check when considering using invoice finance....
This our ten point checklist for businesses considering using invoice or sales finance:...
The ten point checklist above is not exhustive and there are many more things that you should consider. The key point is that there are dramatic variations between invoice finance companies so be...
http://www.fundinvoice.co.uk/list_articles/10_things_check_invoice_finance_article.html - 5 Key Differences Between Factoring Companies
The differences between factoring companies are far greater than you might imagine. Below, we have described the 5 key differences that you should be aware of. This article explores each of them in...
This is the one that many new clients underestimate. Instead, they make the decision based on price, overlooking the quality of the service that the factor offers. This can be a critical mistake as...
We have conducted independent customer satisfaction research among randomly selected customers of many providers, and we have seen average ratings (out of 10) vary from 4/10 up to 9/10 (on average...
The other aspect that prospective users often fail to understand is that not all credit control services are equal. In some cases, it will be a full credit control service that includes both...
Pricing is, of course, important, and it can vary considerably between different providers. In our mystery shopper research, we found a 49% pricing differential between the top and bottom of our...
The other facet of price is exactly what you are being charged for. There are all manner of ways of packaging the fees that can make them seem more or less attractive to the layman. There are also...
Different providers will offer different levels of funding. Again, you cannot necessarily just compare the headline rates, e.g. 85% versus 90%. Some providers will (or won't) include other...
Some providers offer additional "top-up" funding products, such as cash flow loans that can boost your funding percentage beyond normal levels. One provider is currently offering 100% funding for...
You need a working knowledge of all the practices used within the sector to be able to compare "apples with apples"....
The factor's risk appetite will affect:...
This is a very broad category but includes their physical structure. Do they have an operational office near you in case you have a problem? Or are they centralised or using a more call centre...
Also, you may want a company that is backed by a well-known brand, e.g. a bank, or you may prefer the idea of a small independent company, or some point in between. Similarly, some may be members of...
The good news is that whatever your requirements, there is normally a funder who can provide what you need. There is a lot of competition in the sector, so it is worth shopping around to try and get...
http://www.fundinvoice.co.uk/list_articles/5-differences-between-factoring-companies.html - Invoice Finance Enabled Growth
We have confirmed the link between the use of invoice finance and business growth during our programme of research into how to support fast-growing businesses....
87% of existing invoice finance users (factoring and invoice discounting) told our survey that the use of invoice finance had enabled them to grow the turnover of their business....
This confirms that there is an enabling link between using invoice finance and creating a fast-growth business....
This finding is particularly significant as it goes beyond just finding a high concentration of invoice finance users amongst fast-growing businesses. It takes the correlation one step further and...
Our fast growth company research found that 12% of companies with turnover growth of 20%+ pa were using invoice finance, against our estimate of just 0.86% of UK businesses overall:...
Furthermore, we found that 52% of maximum growth segment businesses, those that said they couldn't increase their growth any more, even with more funding, used invoice finance....
This new survey has gone further by asking existing invoice finance customers if using these services has enabled them to grow their business. The vast majority, 87% confirmed that it had. This has...
Source: Invoice Finance And Late Payment Survey - October 2015 (100 respondents - all existing users of invoice finance)....
http://www.fundinvoice.co.uk/list_articles/87-invoice-finance-enabled-growth.html - Age Of Companies Using Invoice Finance
We found that 15.5 years was the average age of the companies that we surveyed in our Invoice Finance Recommendation & Advertising Suvey (May 2015 - 100 respondents). These companies were not...
The range of company ages ran from 3 years old right up to 67 years old, with 82% being 20 years old or less. The diagram below shows the distribution of ages within our sample:...
This survey suggests that all ages of business turn to invoice finance as a source of business funding. It can be as suitable for businesses that have been established for decades as it can be for...
http://www.fundinvoice.co.uk/list_articles/age-companies-using-invoice-finance.html - How To Increase Invoice Finance Client Numbers
For any factoring company, the question at the front of their minds must be: "How do we increase client numbers?". Well here are the answers. As part of our survey of existing invoice finance...
In line with other studies that we have conducted "cost" is an aspect that clients want reduced however, "promotion and advertising" has gained nearly as much support from this sample. These are a...
These comments from actual product users show support for a large-scale campaign to raise awareness of invoice finance and to promote it as a package of benefits e.g. credit control etc., rather than...
It is also interesting to note the first comment, where the respondent has suggested that "banks" should be doing more to promote invoice finance. This would be a key channel for raising awareness as...
Sources: Study of Invoice Finance Users February 2015Note: Some respondents may have given multiple answers to this question....
http://www.fundinvoice.co.uk/list_articles/answers_how_to_increase_invoice_finance_client_numbers.html - Avoiding the Pitfalls of Factoring
This article sets out a number of the common pitfalls that businesses can encounter when they enter into a factoring agreement to improve the cash flow of their business. It also seeks to give some...
The way that factoring works is that the business receives a pre-payment against the value of its outstanding sales invoices. The value of these invoices is the working capital of the business, i.e....
As with any finance, there is a cost associated with accessing the funding, and the facilities of some factoring companies are expensive, particularly when compared with their competitors....
THE ANSWER: If the business shopped around and sought several different quotations, it is possible to find some very reasonable deals; it is just a case of knowing where to look!...
It may appear that there will be no difference between factoring companies. Many people see factoring similarly to how they see their mortgage; once the finance is in place, then it just ticks along...
THE ANSWER: Once again, it is a case of looking around to find a factoring company whose style best suits your business rather than just choosing the cheapest invoice finance options you can find. We...
We often speak to prospective clients who are dissatisfied with their current factoring company because they feel that the company have levied all sorts of hidden charges, which have pushed up the...
THE ANSWER: Before entering into a factoring agreement, you should ask the factoring company to provide a full statement of any additional charges that could be incurred so that you can be fully...
The stronger the position of your business, the better the deal that you can command from a factoring company. If you wait until your company is in dire straits, the factoring company will seek to...
THE ANSWER: If you plan ahead and arrange your factoring agreement before you get into cash flow difficulties, you will be in a much stronger negotiating position with respect to rates and terms....
Another common problem that we have seen is that a business will come up with a set of financial projections that are beyond what they are likely to be able to achieve. Often, they hope that this...
THE ANSWER: The answer is simple: be realistic in the projections that you produce and on which the factoring agreement is costed, and be clear about any minimums within your agreement....
The term "fresh air invoicing" means raising an invoice that does not have any underlying trading transaction, i.e. no goods or services were delivered. Sometimes, when a business gets into...
THE ANSWER: The answer is not to get into this situation in the first place. Many factoring companies will be sympathetic if they are approached for additional help when they encounter a cash flow...
Hopefully, being aware of the pitfalls of entering into a factoring agreement will help you avoid them by following the suggestions given above. Factoring continues to be a very effective way of...
http://www.fundinvoice.co.uk/list_articles/article-avoid-pitfalls-factoring-agreement.html - Debt Factoring Article
Debt factoring has been established as a method of raising working capital for hundreds of years. Over that time, numerous product variations have emerged until today there are a diverse variety of...
In essence, there are four basic services of which the factoring company will offer their client, some combination:...
The first is a Prepayment against the credit invoices that the client raises. When a business first takes up a factoring facility there will normally be an outstanding sales ledger of unpaid...
The factors early payments are then repaid as the invoices are paid by the customers. In this way the facility is of a rolling nature that will grow in line with the sales that the business makes....
This is an invoice collections service whereby the debt factoring company will employ letter and telephone-based chasing techniques to ensure that payments are received from customers on a timely...
This is part of the service whereby the factor will create and maintain a debtor sales ledger for the client's business. As invoices and cash are received so the factor will post them to the...
This is normally an optional additional service whereby the factor will protect the client against non-payment by customers that the factor has pre-approved, usually to a specified credit limit. The...
See our post about mitigating customer payment defaults....
A large number of UK businesses use debtor factoring and on average a clients choose to stay with their providers for a number of years. This supports the case for debt factoring as a cost-effective...
Complete an: ONLINE DEBT FACTORING QUOTATION SEARCH REQUEST...
http://www.fundinvoice.co.uk/list_articles/article_debt_factoring.html - Factoring Quotations
This article covers the structure and some key considerations when reviewing and comparing factoring quotations or quotes. These may also be referred to as the "offer" or "offer letter" or "facility...
When a business is considering using factoring it is often the case the directors of the business will contact one or more factoring companies (also known as factors) in order to obtain quotations. A...
There a number of considerations when comparing what we tend to collectively refer to as "quotations" or "quotes"....
First is the legal significance of the document that the factor has provided. In some cases an offer "in principle" is made. This can often be produced by the sales person and really only serves as...
The second issue is understanding the various components of the quotation....
Factoring Charges - need to be compared on a like for like basis. You should work out how much the facility will cost you including service charge, discount charge and other charges for services such...
Funding - calculate the amount of funding released by each factoring company and ask them to provide you with confirmation fo the level of funding that will be released. There are numerous components...
Other Security - consider the differences in security that is required. Some factors ask for personal guarantees and in some cases these may be limited either in value or in terms of the nature of...
Other Factors - there is more to be considered than just the price, funding and security arrangements. The nature of the service provided by the factoring company will have a huge impact on your...
As you can see there are many factor to consider and a factoring broker can be invaluable in helping you make that comparison between factoring quotes....
http://www.fundinvoice.co.uk/list_articles/article_factoring_quotations.html - Hidden Gem Invoice Finance
In our recent survey of invoice finance users, one business described invoice finance as:...
"A secret gem, hidden under a pile of overdrafts, loans etc."....
In that same survey, 22% of respondents thought that a lack of awareness and promotion of invoice finance had led to low numbers of businesses benefiting from it. Invoice finance releases the cash...
FundInvoice offers an award-winning, independent invoice finance quotation search and advice service. Price was one of the key drivers that we identified within the decision making process around...
In another survey of new start-up businesses, we were told that 31% of them had suffered funding restrictions, which had led to a variety of issues, including growth restrictions, struggling to pay...
The market segment where we did find a large proportion of businesses using invoice finance was what we termed the "fast growth" sector, i.e. those that were growing their turnover by 20%+ over the...
100% of those that told us they already used invoice financesaid they had access to all the finance that they needed. ...
Monitoring customer satisfaction scoring is also a key part of what we do so that we understand how different service offerings compare. FundInvoice has won an award for Best Invoice Finance...
By Glenn BlackmanPartnerFundInvoice LLP...
Sources: The research from which this article was constructed can be found here: Invoice Financing Market Research Archive....
http://www.fundinvoice.co.uk/list_articles/article_hidden_gem_invoice_finance.html - Good Credit Management
This article is about Good Credit Management and offers tips and advice about collecting unpaid sales invoices. You should also read our free credit control guide....
The survival, and prosperity, of all small, medium and large businesses are dependent upon the receipt of payment from customers in respect of the product and services that the business provides, and...
Many businesses feel they are forced to offer credit terms to customers to remain competitive and win orders but this has a negative effect on their cash flow. The damage caused by non-payment (bad...
There are two aspects to successful credit management. The first is taking care in choosing the businesses that you will offer credit terms. The second is to develop and employ an effective system of...
The following tips may be helpful when deciding whether or not to offer credit terms to a customer:...
The following tips and hints may be useful in ensuring that you have an effective credit control process in place to collect unpaid sales invoices:...
The field of credit management and credit control is vast and these are only a few key points to consider. Many businesses have staff in-house that undertake this work for them but there are...
Factoring companies specialise in outsourcing such services for their clients. They have specialist staff that can undertake the collection of your sales ledger for you and in many cases this can be...
It is also possible to receive bad debt protection (also called non-recourse) which can eliminate the need for you to worry about which customers are credit-worthy. The factoring company will...
If you would like further advice about outsourcing credit management or credit control just contact us for a free confidential discussion: REQUEST A CALL BACK...
http://www.fundinvoice.co.uk/list_articles/article_on_good_credit_management.html - Small Business And Startups
This article discusses the benefits of invoice finance through factoring from the perspective of a small business or new startup that has just started trading. Often owners may be concerned about how...
Please call 03330 113622 for support....
To find out more see our page about Small Business Invoice Factoring....
When starting a new business finance for cash flow and working capital can often be difficult to access, particularly if you are a phoenix business. Our recent survey found that 31% of new startups...
Banks tend to look for profitable trading history and tangible assets against which to secure any lending which can limit the amount of overdraft or loan funding available to new startups and small...
53% recommend invoice finance as a source of funding for new startups....
Small business factoring can be the perfect solution, providing you know where to look. Factoring releases the funds tied up in a company's sales ledger and this is an asset that even a small or...
Factoring companies do not tend to be overly worried about the financial trading history of a business as they look to the quality of the outstanding invoices for comfort. This means that a small or...
There can also be other benefits that a small business can derive from factoring. Credit control and collection of the outstanding sales ledger will often fall to the prime mover who in many cases...
Outsourcing this sales ledger management may not be to everyone's taste - some businesses want to keep control of this function. There are factoring products on the market that will allow even...
Another issue that small and new start businesses frequently face is the prospect of a major or prime debtor or prime debtors. These are debtors that represent a disproportionate percentage of the...
The key objective of many small businesses is to grow. Factoring is all about enabling growth through flexible finance that grows in line with your sales ledger. As the business raises new invoices...
In summary, factoring can be the solution for small and new startup businesses releasing a stream of flexible, growing funding without the need for an established trading history or tangible assets...
Price varies between providers, there are fixed fee services available (paid in monthly instalments). To find out the price for your business or to speak to one of our expert advisers for advice, in...
http://www.fundinvoice.co.uk/list_articles/article_small_business_startups.html - Top 10 Tips For Factoring
These are our top 10 tips about how to compare factoring offers from different factoring companies:...
Whilst not comprehensive, hopefully our top 10 tips for comparing factoring offers will be of help to you. Factoring can release the cash that is tied up in your unpaid sales invoices, improving your...
http://www.fundinvoice.co.uk/list_articles/article_top_10_tips_factoring.html - Trade Finance
The term Trade Finance is is often used to refer to a set of financial products that can assist fund the import and export of goods. This is not always the case, these facilities can also be used to...
Trade Finance facilities can work in a variety of ways but what they have in common is that they revolve around arranging a means of paying a supplier, often based abroad, in respect of products that...
The cost varies according to the nature of your business and the sector that you trade within. We can advise you on the cost for your company and this is an example of a trade finance price quote...
In many cases the supplier may wish to be paid by letter of credit or via a documentary collection and a bank will often require cash cover in order to open a letter of credit creating the financing...
We have recently seen an increase in the number of businesses approaching us for help finding Trade Finance facilities which may have been driven by favourable exchange rates and the availability of...
If you are importing products from abroad it may be possible to bridge the funding gap with a Trade Finance facility. In some cases, our clients also require an invoice finance facility such as...
If you would like further advice about Trade Finance just contact us for a confidential discussion....
Complete an: ONLINE TRADE FINANCE QUOTATION SEARCH REQUEST...
http://www.fundinvoice.co.uk/list_articles/article_trade_finance.html - Why Clients Choose Their Invoice Finance Facility
We have asked actual invoice finance clients, from across the various invoice finance companies: "Why did you pick your current invoice finance facility?"....
These are the responses that were received to those questions:...
Analysis...
With the major high street banks accounting for such a large percentage of the current invoice finance market, it is perhaps not surprising that the top answer was that the client just "used my...
The second finding that is of interest is the joint ranking of "help with collections" and "flexible growth funding" within the results. Other feedback from this survey has suggested that the invoice...
In order to make a sound decision about which provider and facility to consider, you need market knowledge and advice. For example, "help with collections" was the joint second highest consideration,...
These are actual quotes from invoice finance users in response to this question: Why Did You Pick Your Current Invoice Finance Facility?...
Source: Invoice Finance Users Survey February 2015 (100 Respondents - percentages represent the percentage of total responses as multiple answers may have been given to a single question)....
http://www.fundinvoice.co.uk/list_articles/article_why_choose_invoice_finance_facility.html - Latest Invoice Finance Cost Savings
We have saved our customers an average of 35%* on the cost of invoice financing quotes, that they received elsewhere....
REQUEST MY NO-OBLIGATION QUOTATION SEARCH...
We will conduct an independent invoice finance price quote search for you. We will search the market to try and save you as much money as possible. Check what you could save using our Savings...
We also provide advice about Invoice Finance. You can read how other customers have rated us: Customer Ratings And Testimonials....
We continually check how effective we are at finding the best prices and below are the results of some research that we recently conducted regarding our performance. We checked the combined savings...
We have looked at our performance recently and checked the statistics on the number of clients that we are able to help save money. We found that we had managed to find a cost saving for 81% of the...
We were able to deliver an average cost saving to our clients of 35% of the total fees (service charge and discount charge) that they were quoted elsewhere. Please challenge us to find you the level...
Note: *Results updated since this post ...
http://www.fundinvoice.co.uk/list_articles/average_cost_savings_invoice_finance.html - Benefits Of Using A Factoring Broker
A factoring broker will find you factoring quotes and prices for your business. In our case, our service is free for you to use. We only receive a small commission from the factoring company if you...
REQUEST A QUOTE SEARCH...
We are sometimes challenged by prospective clients: "Why should I use a factoring broker?" or "What are the benefits of using a factoring broker?". Well, we came across a case that we thought was...
A company was contacted by a particular factoring company offering their services. This particular provider has an especially clever IT interface, which the prospect company were very attracted to....
The company were assured the deal would be price competitive, and so agreed to spend £1,000 on a due diligence audit, for the benefit of their potential new financiers. The audit was completed,...
The prospect company wasted time, and money, on something that has not gone anywhere. In addition, the company had now given notice to their existing financiers and were understandably worried about...
See this short video about the cost of using an invoice finance brokerage....
After he spoke to us at Fundinvoice, we put him in touch with a provider that does not charge any upfront due diligence fees, and they obtained a quote that is competitive. It matches their existing...
Call Sean on 03330 113622 to speak to an experienced factoring broker....
http://www.fundinvoice.co.uk/list_articles/benefits-of-using-factoring-broker.html - Benefits of Invoice Finance
This article explains the benefits of using invoice finance....
Invoice finance includes a number of different types of facilities, the two broad categories of products are called: factoring (including credit control) and invoice discounting....
These are the key benefits of invoice finance:...
The list above demonstrates the wide range of benefits and advantages of using invoice finance. All of these can create peace of mind for people running a business as they no longer have to worry...
http://www.fundinvoice.co.uk/list_articles/benefits_of_invoice_finance.html - Business Finance Research Findings
These are some of the key headlines drawn from our business finance research programme, so far to date:...
Key findings:...
Sources: These are shown in the links above. If none is shown refer to the link above that point....
http://www.fundinvoice.co.uk/list_articles/business-finance-research-to-may-2016.html - Finance You Do Not Have To Repay
If you want business finance that you don't have to pay back* invoice finance (invoice factoring and invoice discounting) could be your answer, in the right circumstances. This gives it a huge...
You may well say bank overdraft gives you the same thing but:...
It only struck me the other day that many of the clients that I managed as a Client Manager at Barclays had consistent levels of funds out - they never repaid the finance i.e. their sales ledgers...
*Please note that: all facilities will have to be repaid according to the terms of facility, for example, if notice of termination is given by the funder....
There were very few examples of highly seasonal businesses, or those with prime debtors that may have fluctuated. In those cases, the funding could be a bit more movable, but where there is a good...
For example, if you had a sales ledger of say £100,000 and you received 85% against that through factoring, you would get £85,000 (I am ignoring fees for this simple example). Say that...
See this related article that explains in depth the funding differences between a loan and invoice finance....
Now imagine that in the same scenario, your sales are growing and say you raised £43,333 of invoices one month, that's £10,000 more than the norm hence you would get further funding...
You can find out how the funding would work for you and what the price would be: request a quote for factoring or invoice discounting....
http://www.fundinvoice.co.uk/list_articles/business-finance-you-do-not-have-to-repay.html - Cash Flow Forecast Improved With Factoring
Cash flow forecasting is a good business practice for any business. For an example of a blank cash flow forecast spreadsheet follow this link....
The cash flow forecast is divided into periods of time and shows the flow of cash through a business, what it starts the month with, what it receives, what it pays out and the balance of cash left at...
The key issue that factoring addresses is that businesses tend to sell on credit terms to each other. That means that if you raise an invoice today it will typically be on 30-day payment terms. That...
The reality is that the time taken to pay that invoice can be much longer, maybe 60 or even 90 days. There may be 101 different reasons for this but as examples, in some cases, the customer may only...
Get a quote for finance to bridge that funding gap....
Below is an example of how delayed payment of invoices can affect the cash flow forecast of a small business:...
You can see that the business does not receive any cash from invoices being paid by debtors until Month 4....
Despite the lack of payment of your invoices the product still has to be purchased and delivered to the customer. Even if you are able to get credit terms from your suppliers it is unlikely that they...
The cash flow forecast below shows how the expenses of the business fall due from Month 1 onwards but because of the delays in being paid by debtors, the business has a negative cash position...
One solution is factoring bridges that cash flow gap, as soon as you raise your invoices a copy goes to the factoring company who then provides you with 85% (sometimes more) of their value...
This cash flow forecast shows the same business but you will see that from Month 1 they receive 85% of the value of the invoices that they raise immediately:...
NB Factoring charges are not shown in these examples but should be added to your forecast....
That 85% is then repaid to the factoring company when the customer finally gets around to paying and the remaining 15% then becomes available to you from that payment (less the charges that the...
The above cash flow forecast also shows the effect of that balance of funds being passed onto the business, after the customers pay, in month 4....
So by using forms of invoice finance such as factoring a business that could not afford to fund its cash flow gap is able to adequately provide enough cash to pay its business expenses as soon as it...
http://www.fundinvoice.co.uk/list_articles/cash_flow_forecast.html - Comparing Sources Of Funding Support
Most businesses get funding help, about which invoice finance provider to use, from their bank or their accountant. However, this can be very limited, and far from independent in some cases. We have...
BANKS...
ACCOUNTANTS...
http://www.fundinvoice.co.uk/list_articles/compare-bank-accountant-fundinvoice-funding-advice.html - Concerns That Stop Users Moving Providers
We wanted to understand if existing invoice finance users felt that there were any barriers that prevented them from moving to alternative invoice finance companies. Therefore, we asked a sample of...
The responses were as follows:...
When we questioned the 20% with concerns further, these were the concerns that they highlighted (shown as a percentage of the total responses given - note that some may have given multiple answers to...
So it can be seen that in the majority of cases it is concern over paperwork, hassle and time that cause the biggest barrier to moving providers. These answers, which could be collectively called...
Behind that, 17% of the concerns were over the fact that they were tied into an existing contract. A notably lower proportion of the responses that illustrate that the expectation of difficulties...
These perceived barriers are often not the case in actual fact. There are a number of provisions in place to make moving between providers as simple as possible: Help with changing invoice finance...
See also our guidance if your funder withdraws from offering invoice finance....
Source: FundInvoice IF & Crowdfunding Advertising and Promotion Survey - January 2016 (100 respondents, all existing invoice finance users of a variety of different invoice finance companies -...
http://www.fundinvoice.co.uk/list_articles/concerns-stop-moving-invoice-finance-companies.html - Construction Project Finance
REQUEST A CALL BACK REGARDING CONSTRUCTION PROJECT FINANCE...
Traditionally the way of financing construction projects was either via a bank loan or bank overdraft but these forms of inance can have limitations. Banks tend to seek tangible security in order to...
This type of finance works differently from bank loans and overdrafts, as follows:...
Please follow this link for more detailed information about the types of sectors and who may be eligible: More Information About Construction Project Finance...
Alternatives - business loans and property loans....
There are only a few specialist Construction Project Finance companies that provide this type of finance, just request a call back and one of our advisers will put you in touch with these...
http://www.fundinvoice.co.uk/list_articles/construction_project_finance.html - Alternative To Bank Overdraft For New Starts
This article is aimed at new start up businesses that are looking for finance. It discusses some of the disadvantages of bank overdraft when used to fund new start companies and an alternative source...
When we surveyed 100 new start businesses we asked them about the sources of finance that they used to fund their new start up....
52% of the new starts said that they had used bank overdraft as a source of finance. This suggests that bank overdraft is the obvious source of finance that new start businesses turn to. However, 44%...
This limiitation in bank overdraft funding led to a variety of undesirable consequences for those new start businesses:...
So bank overdraft proved restrictive for nearly half of the new businesses that used it to fund their start up - a worrying statistic that it would be wise for new businesses to note....
There is an alternative. Invoice Finance releases the cash that is tied up in the unpaid sales invoices of a business. It is freely available to new start businesses and qualification depends upon...
In our survey invoice finance was the little known alternative option for new start businesses but our survey confirmed that those that did use invoice finance had no funding restrictions and felt...
http://www.fundinvoice.co.uk/list_articles/disadvantages_bank_overdraft_alternative_new_starts.html - Factoring Clients Research
Our Factoring Clients Research Survey canvassed the opinions of a random sample of 46 existing clients of factoring companies, during March 2014. Clients were asked to review their experiences of...
We asked them a number of question to review their invoice finance arrangements and the factoring company that they used....
These are some of the results:...
These results suggest that use of the service tends to be medium term, rather than short term....
We went on to ask them to review and rate their overall satisfaction levels with their current factoring company. These were some of the findings:...
These statistics demonstrate that there are significant perceived differences between providers. Fundinvoice use these and other research findings in order to better educate prospective clients about...
This article summarises the key reasons that respondents to the survey gave for moving between factoring companies: Reasons To Move Between Factoring Companies...
Read more product information....
http://www.fundinvoice.co.uk/list_articles/factoring_clients_research.html - Who Uses Invoice Finance
According to the House of Commons Library, at the start of 2014, there were 5,243,000 businesses in the UK....
The ABFA (Asset Based Finance Association) statistics to the end of Q3 2014 showed 42,294 businesses using invoice finance amongst their members (import factoring and stock/ABL clients have been...
Taking just the ABFA clients the penetration of invoice finance using businesses within the UK would be just 0.81% of UK businesses....
All the major invoice finance providers are included within the ABFA membership list but there are a number of smaller invoice finance companies that are not members, maybe 20 or so in number. Even...
We conducted a study of 100 fast-growing businesses (20%+ turnover growth in the last year) and we found that 12% of those questioned using invoice finance. We also identified a subset group of...
Since writing this article, there has been some discussion on the UK Invoice Finance Research Group (on LinkedIn) - you can see the various points covered either via the group or on my blog....
http://www.fundinvoice.co.uk/list_articles/fast_growing_invoice_finance.html - Schumacher Ferrari Analogy
As a broker of some experience I have been asked on more than one occasion for my thoughts on what makes a great invoice finance sales person and there are many answers to that ranging from...
As a keen motor racing, Formula 1, fan I saw a number of similarities between this issue and Formula 1, hence I came up with the Schumacher/Ferrari analogy or perhaps in today’s terms the...
In very simple terms if you put a great racing driver into a great car then the likelihood is that in more cases than not they will win the Grand Prix, hence the Schumacher/Ferrari or...
Conversely, you can put an average racing car driver into a great car and still win Grand Prix. Again referring to Ferrari, Michael Schumacher’s team mates at the time of his dominance were...
The very obvious point that I am trying to make is that through time FundInvoice has managed to develop relationships with numerous ‘Schumacher/Hamilton” types as well as a few Ferrari...
by Sean MorrowPartner - FundInvoice LLP...
http://www.fundinvoice.co.uk/list_articles/ferrari_schumacher_hamilton_mercedes_sales_analogy.html - Free Factoring
This article is all about how to get a factoring service for free and we have produced a Factoring Cost Savings Calculator in Excel, for you to see how this works for yourself....
There is a cost associated with using an invoice factoring facility but in many cases that cost can be more than paid for by the cost savings that are possible through using factoring....
Factoring does two main things for a business. It releases cash immediately against sales invoices as they are raised and it provides the business with a full credit control service to collect...
This creates two significant areas where a business using factoring can make savings. ...
Firstly, the factoring discounting service can replace the existing credit control function within the business, saving the cost of employing credit controllers. In our example of a business with an...
The second saving comes from the cash that is released from the unpaid invoices. The business that is using factoring can approach its suppliers and request a supplier discount on purchases in return...
In our example, after allowing for the costs of the factoring facility, the example business still saves over £10,000 each year through using factoring. Even without any supplier discounts, the...
Have a look at our Factoring Cost Savings Calculator to see the details of our example to adjust the figures to reflect your business and find out how much you could save....
http://www.fundinvoice.co.uk/list_articles/free_factoring.html - Funding Against Fee Notes For Accountants
If you are an established firm of accountants, with 3 or more partners, there is a unique form of finance that you could access against "fee notes" that are billed in arrears of work being carried...
An advance of 50 - 70% can be made for an extended funding period of up to 180 days. New offer - up to 80% finance against fee notes for up to 6 months....
This kind of fee note finance can include other division of the firm and the main practice....
There may also be scope to fund against "tax returns and audits", in cases where the work relates to businesses. There may also be scope to explore funding against direct debits (DD's) or...
This kind of funding could be used by a firm of accountants to finance the acquisition of another accountancy firm, or for any other purpose....
CONTACT US for more details or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/list_articles/funding-against-fee-notes-accountants.html - Funniest Late Payment Excuses
Working in the credit control industry, collecting late payments, we have come across lots of excuses for late payment. If you are looking for something funny to read - this is a list of the funniest...
If you have heard of a funnier one, send it to us and we will add it to the list of the funniest late payment excuses....
http://www.fundinvoice.co.uk/list_articles/funniest_late_payment_excuses.html - Get More Pay 34 Percent Less
This is an interesting example of a 34% cost saving, that we have recently found for a client. However, not only are they able to save money, they can also get more services, and more funding,...
CHECK HOW MUCH YOU COULD SAVE...
The client in this example already have a receivables financing facility, where they are handling their own credit control activity. They have had their prepayments reduced, which prompted them to...
We have found them:...
These are the benefits of using a broker service. You get that market knowledge that can help you overcome funding problems, but you also get that service without having to pay anything for it (the...
http://www.fundinvoice.co.uk/list_articles/get-more-pay-34-percent-less.html - Complaints About Invoice Finance
Thousands of businesses use invoice finance products such as factoring and invoice discounting and the vast majority are completely satisfied with the service that they receive. However, occasionally...
Complaints about invoice finance companies, factoring companies and invoice discounting companies could include the following:...
Below is some guidance regarding complaints about invoice finance companies:...
http://www.fundinvoice.co.uk/list_articles/guidance_complaints_factoring_invoice_discounting_finance.html - Help Paying HMRC Tax
According to articles in Business Money and Accountancy Age (quoting Conrad Ford of Funding Options), there has apparently been a 13% increase in winding up petitions, issued by HMRC, between 2014...
A concerning statistic....
If a company is having problems paying HMRC (whether it's VAT, PAYE, NI or corporation tax etc.), and they have outstanding unpaid invoices raised to customers, we can often help as it is...
This money can be released very quickly and used to help settle any HMRC tax debts and liabilities. You can use this type of funding on a one off basis or retain it on an ongoing basis....
GET HELP PAYING HMRC or speak to Sean on 03330 113622, in complete confidence....
Below is some more help regarding paying tax:...
http://www.fundinvoice.co.uk/list_articles/help-paying-hmrc-tax.html - High Growth Fast Growth Finance
Fast-growing businesses can often struggle to raise enough finance to keep up with their demand for working capital. The situation, often known as over-trading, occurs when a business is taking on...
The following summary of our recent research confirms that invoice or sales finance, such as factoring (with credit control) and invoice discounting (funding only), is a highly suitable source of...
We conducted some research amongst fast-growing companies in order to understand the sources of finance that they used and how closely they met the requirements of high-growth companies....
We surveyed 100 high-growth companies, defining high growth as at least 20% turnover growth per annum. Amongst our sample, the average growth rate was 37.5% and the range was from 20% to 75%....
59% of those fast-growing companies said that they did not have sufficient finance to support their growth rate, the sources of finance that they said they used were as follows (note some respondents...
On average they said that they were 42.6% short of funding - a significant funding gap. None of these businesses used invoice finance. In fact, the findings of our survey were that 12% of high-growth...
79% of the high-growth companies said that they could have increased their growth rate if more finance was available and again none of those were users of invoice finance. The invoice finance users...
http://www.fundinvoice.co.uk/list_articles/high_fast_growth_companies_finance.html - High Growth Companies Invoice Finance Research
We have conducted some research into the funding needs of fast-growing companies (100 companies with 20%+ turnover growth pa) and the results have shown a distinct lack of access to finance with 79%...
There were 12% within our sample that used invoice finance, all of those said that they had sufficient funding to meet their needs as a high-growth business. We asked the others if they had...
The remainder were asked why they didn't consider invoice finance and these were the reasons that they gave:...
I have taken each of those reasons and addressed them in turn below:...
Amongst the list of reasons analysed above there is a mixture of lack of awareness of the products and misunderstanding/misperceptions about invoice finance. Of the reasons given, none of them are...
There is a huge opportunity here for the invoice finance industry to address these points and help fund even more high-growth companies....
http://www.fundinvoice.co.uk/list_articles/high_growth_fast_growing_invoice_finance_research2.html - How Many Factoring Quotes
How many factoring quotes is enough? It is a difficult question and one that many prospective users of factoring struggle with....
We often ask them how many they are looking for, but the answer normally varies. This article looks specifically at some helpful advice about how many to seek and gives you access to our search...
REQUEST A FACTORING QUOTE SEARCH or call Sean on 03330 113622 to discuss in confidence....
Everyone wants to make sure that they are getting a good price that is competitive, but to someone who is not familiar with the marketplace place it is hard to know whether the quotations you have...
This requirement is exasperated by the vast differences between prices provided to the same client company. Our own research identified a 167% swing between the cheapest factoring price quoted by a...
Getting a single quote is clearly open to the possibility that you have picked the most expensive factor, so that would suggest that more than one quote is preferable so that you can at least see if...
See also our suggestions on When You Should Use Invoice Finance....
The rise of comparison-type services in the financial services sector has also led towards a culture of comparing numerous quotes. At the same time, there remains an element of distrust even in using...
The market could be said to be less complex than many financial services markets, having circa 90 companies offering such services in the UK, however, there is still a need to ensure that you are...
Several of the reputable brokers within the market provide a comprehensive service that includes support and advice throughout the process, which is far beyond the service that you are likely to...
There is plenty of research published on the internet that suggests that when faced with any more than 6 choices, the large number of choices dramatically reduces the ability of most people to make a...
It is also important to consider who is providing the quotations. If they are direct from factoring companies, then 3 different prices would seem like a reasonable number. However, a mistake that...
Some brokerages will tell you that they only get one quotation, their best price for their client. The only concern with such an approach is that you need to ensure that the broker is not biased...
So in summary, whilst there are no rules, it would seem that 3 factoring quotes would be a reasonable number, either sourced directly from the factors themselves or via an independent factoring...
http://www.fundinvoice.co.uk/list_articles/how-many-factoring-quotes.html - Choosing A Factoring Company
With the rapid growth in recent years of both the number of factoring companies and the variety of different products that they offer, the range of choices for the user has increased dramatically....
This article is concerned with providing the reader with a framework within which to make that choice when choosing a factoring company....
Also, please see our free Guide To Moving Between Invoice Finance Companies....
For support moving between factoring suppliers, please request a callback and we will assist you:...
REQUEST A CALL BACK...
The list of factoring companies in the UK is very wide and can be divided into high-street bank-owned factors and independent factors. The high street banks that own factoring companies include many...
There are advantages and disadvantages to each sector. Below is a brief summary of the key considerations....
Our research suggests that 51% of invoice finance users* find their way to invoice finance through their high street bank....
High street banks are substantial organisations and so their clients will benefit from this in terms of financial security. The chances of the factoring company failing or running out of funds is...
Also, bank-owned factors often rely upon their bank network to provide the majority of their new business....
The size of these organisations, and the economies of scale that come with that, can often mean that they are able to offer fine rates. Having said that, where there is a collections service...
Many clients also state the old adage of not 'putting all your eggs in one basket', when they choose to factor with a different party from which they bank. In many cases, the client will...
Lastly, you should consider the bank's risk policies or rules. We have come across situations where clients feel that a bank can be constrained by its "rule book" in situations where flexibility...
If you are seeking a well-known name to provide your facility, a high street bank-owned factor may be the right solution for your business....
Independent factors are not owned by a high street bank, but they may still be owned by substantial businesses that provide almost the same degree of comfort to you as a client. As part of the...
Clients often find that an independent factor can offer them a more personal, relationship-based service. Indeed in our studies of customer satisfaction levels, we have found satisfaction ratings to...
The size of the business that the client is dealing with must be considered, too small and you could face instability problems, but with size comes the challenge of maintaining a personal service and...
Another key aspect to consider is credit control, or the collections service (if you require this service). With factoring, this service normally comes as part of the service, although the way it is...
In other cases, only the top few customers are contacted by telephone by the factor. In some cases, the factor's chasing is entirely handled by written automated letters and statements, with the...
Once again, our advisers will be able to provide you with guidance based on the actual experiences of clients that we have already placed with particular factoring companies....
If you don't want to use these services, there are alternative forms of finance....
Also, see our related article about what to do if your provider withdraws from the market....
So to summarise, there are many aspects to consider when selecting a factoring company, who owns the business, how financially stable they are, how will you be serviced, and how will the collections...
These are just a few of the questions that you might ask, but we hope this will give you some assistance in making the choice. Our advisers are always available to guide you through the process, and...
Sources: *Study of 100 Invoice Finance Users in February 2015.**Invoice Finance Clients Survey March 2014 (100 Respondents All Existing Invoice Finance Users)....
http://www.fundinvoice.co.uk/list_articles/how-to-choose-a-factoring-company.html - 1 In 3 Unaware of Invoice Finance
It's the question that all the salespeople, and business owners across all the financiers in our industry sector keep asking themselves: "How can we increase the number of invoice finance...
Our latest study addresses that question by uncovering the simplest barrier to product growth in the UK....
In very simple terms, our research found that:...
When FundInvoice looked at satisfaction levels amongst users of factoring and invoice discounting, we found that 98% of existing users said that they were prepared to recommend these services to...
Despite this high level of satisfaction, it has been apparent for some time that user numbers are now growing significantly. As a benchmark, we look at the ABFA (Asset Based Finance Association)...
So the disparity between the apparent high levels of satisfaction, and the low levels of user growth led us to ask existing users why they thought that would be the case. In previous research, we...
We also recently reported the findings from another survey, where we looked at awareness of advertising of receivables finance versus crowdfunding and payday loans. We found a 6.5 times greater level...
So we thought we needed to check the market of potential invoice finance users and measure their awareness of these products....
We randomly selected a sample of 200 businesses that were from within industry sectors that would be considered eligible for factoring or invoice discounting....
We asked them: "Are you aware that invoice finance can release the money tied up in your unpaid sales invoices?"....
Only 68% (136 companies out of 200) said that they were aware....
A staggering 32% of respondents (64 out of 200) said that they were NOT AWARE of invoice finance....
Interestingly our research also identified 2% (4 respondents) within our sample of 200 that were already using either factoring or invoice discounting....
These results suggest that nearly 1 in 3 potential users of factoring and invoice discounting are not even aware of these products....
Marketing and promotion to educate this segment is likely to lead to an increase in receivables financing users....
Source: Awareness of Invoice Finance Study - October 2016 (200 respondents from randomly selected companies from eligible industry sectors for invoice finance)...
See also the updated article: Invoice Finance Market Sizing 2019...
Also, see our research on finding UK-based invoice finance....
http://www.fundinvoice.co.uk/list_articles/how-to-increase-number-of-invoice-finance-clients.html - How To Protect Your Business Against Brexit
This article helps explain how to protect your business against the effects of Brexit, although it is not possible to completely insulate your business against all possible consequences. These steps...
With Article 50 having been triggered by Brexit, Britain leaving Europe will now become a reality. This will continue to create huge uncertainty for UK businesses, as no one really knows what the...
The issues that businesses face are varied, so we have sought to address some of them below....
Many businesses are "battening down the hatches" and waiting before they commit to new projects. This has a knock-on effect on their suppliers, often smaller businesses, that may have work orders...
We have seen this in practice, with clients putting expansion plans on hold until the effects of Brexit are clearer....
Clearly, the more dependent you are upon a single order or single customer, the more problematic this could be for your business. Building a spread of customers, without a prime debtor is of course...
In times of uncertainty, companies tend to hold onto their cash and extend the credit terms they take from their suppliers. This can cause customer payment delays, which may harm the cash flow of...
Brexit is likely to give rise to payment delays, and these may get worse should there be a deterioration in the UK's situation, as a result of the Brexit process e.g. If there is "no deal" - a...
You need to have a robust credit control process in place to deal with this. You may feel you also need help undertaking the collections....
If the credit period taken to pay your invoices increases (your debt turn increases), invoice finance is a solution. An invoice finance company will provide you with the majority of the value of the...
There is also the possibility of transport delays at the ports, which could in turn lead to payment delays. Additional costs from tariffs could eat into margins....
Following the publication of this article, we have now completed our UK Late Payment Research about the effects of Brexit on the time customers take to pay....
If issues arising from Brexit cause one, or more customers to go bust, you could lose both future orders and the value of any outstanding invoicing. You can mitigate the risk in several ways....
Firstly, spreading your customer base (as mentioned above) will help mitigate the risk associated with losing future orders from any one customer. Secondly, you could consider bad debt protection to...
On the plus side, there is the possibility that we might negotiate new, favourable trade agreements, with export territories, that you could benefit from. If you are interested in exporting there are...
There will likely be fluctuations in the value of the pound against other currencies. These could increase, or decrease the relative value of sterling. Depending upon the movements, it could affect...
It is possible that the UK base rate could be increased or reduced as a response to issues that might arise from Brexit. If you are an invoice finance user, a single fee arrangement would mitigate...
This article is not a comprehensive guide to the possible effects of Brexit, but there are some helpful points above that may help you reduce some of the risks to your business. If you would like to...
http://www.fundinvoice.co.uk/list_articles/how-to-protect-your-business-against-brexit.html - How Businesses Find Invoice Finance
In order to understand how businesses find their way to use invoice finance we asked a sample of existing clients to answer this question: "How did you initially come to use invoice finance?"....
This was the overall breakdown of the channels through which they found their way to these products:...
It is clear that the recommendation by the user's bank route is the most common. Often when the bank has been unable to provide an overdraft, as you will see from the comments below....
These are actual users of invoice finance quotes about how they found their way to use factoring or invoice discounting:...
The comments once again evidence how low the awareness of factoring and invoice discounting actually is. Often the process of even looking online appears to have been driven by a more generic search...
It is also sad to see that these flexible funding products are often being offered by the banks as an alternative to overdraft when it cannot be provided, rather than as a primary option in its own...
Source: Study of 100 Invoice Finance Users February 2015...
http://www.fundinvoice.co.uk/list_articles/how_businesses_find_invoice_finance.html - How Invoice Finance Companies Calculate Funding And Charges
How invoice finance companies calculate the funding percentage (or the initial payment percentage or discount) (early payment percentage means the same thing) that they are prepared to fund against...
Just to clarify the terminology, the full value of a sales invoice is 100% and typically initial payments can be any percentage up to that figure (in rare cases funding can even exceed the value of...
Use our: Invoice Finance Funding Calculator...
The following factors normally affect the calculation of the initial payment percentage by an invoice finance company, the amount of the reductions will vary between providers:...
Those are the key factors that will affect the calculation of the initial payment percentage by an invoice finance company, the percentage is set at the outset of the arrangement but can be adjusted...
How invoice finance companies, factoring companies and invoice discounting companies calculate and set their charges and pricing....
Firstly you should be aware that different invoice finance companies charge differently. Traditionally the charging structure for invoice finance is a service or administration charge (for the...
One of our partners has previously been involved with the construction of pricing formulas within several invoice finance companies. This means that we have an in-depth understanding of how these...
Most invoice finance companies have a pricing formula or pricing matrix of some description. Some are very complicated, some simple. In addition to that, there is often a degree of arbitrary...
Examples of pricing for factoring and invoice discounting....
Product-related factors may affect workload. For example, if the client wants bad debt protection the invoice finance company will price for that and the pricing will be driven by debtor numbers,...
The pricing calculation will differ depending on the type of invoice finance product....
For instance, with factoring the factoring company will be undertaking a lot of work in providing a credit control service, hence the pricing formula for factoring may factor in workload factors such...
In addition to workload factors, there may be some risk-related factors that affect the factoring pricing calculation or how it is adjusted (ultimately in extreme circumstances these risks could lead...
With invoice discounting, the invoice discounting company will not be undertaking the credit control and so many of the workload factors that affected the factoring pricing formula may not affect or...
Pricing will normally be affected by:...
The other factors noted in the factoring section may have a slight effect on pricing as they would increase the cost of a collect-out in the event of client failure, however, they will have little...
The risk factors described in the factoring section above could all equally have an effect on invoice discounting pricing calculation and the invoice discounting company is likely to be more...
As I mentioned above the construction of pricing models and pricing calculations differs vastly across the industry. In some cases they are very simple and take account of very few of the factors...
You can use our independent invoice finance quotation search without any obligation to proceed: REQUEST INVOICE FINANCE QUOTATIONS...
http://www.fundinvoice.co.uk/list_articles/how_invoice_finance_funding_charges_calculated.html - Get Out Of Factoring
Factoring provides clients with funding against unpaid outstanding sales invoices and a credit control service to help them collect in their outstanding sales ledger. As brokers, we are huge...
However, we occasionally hear from businesses that are not happy with their existing arrangement and want to know how to get out of factoring completely....
Although cases like this are rare, to service all prospective clients, we put together this guidance article that explains 10 steps that a business can follow to terminate their facility and get out...
The 10 steps are as follows:...
1) Check your factoring contract...
The first step is to check your existing factoring contract and find out:...
2) Get some guidance...
At this point, it would be helpful to seek some guidance about your situation from either: an experienced invoice finance broker; your accountant or your solicitor (you may be charged for advice from...
Read our free Termination Guide....
3) Identify your problems with factoring...
Work out exactly why you are not happy with factoring as it will determine what you do next. Some possibilities and solutions are shown in the list below:...
ISSUES WITH FACTORING & POSSIBLE SOLUTIONS...
Wanting to reduce costs:...
Desire to collect own sales ledger:...
Not wanting customers to know you use the service:...
Insufficient funding being provided:...
Service problems:...
If you have a service issue with your particular provider, you should first seek to take it up with them, by making a complaint. If you are unable to resolve the problem with your provider, check if...
4) Consider product migration...
As outlined above a move to an alternative form of invoice finance could solve your issues with these services. For example, if you want to reduce costs, consider using a confidential facility...
You can ask your existing provider for an alternative product or seek an alternative provider....
Even if your ultimate goal is to leave invoice finance completely, you might consider the interim step of moving from factoring to invoice discounting. This is likely to reduce your costs and allow...
Alternatively, you might consider a selective facility. Rather than submitting all your invoices for funding (whole turnover), you can pick and choose invoices to fund, often without any contractual...
5) Plan any product migration...
If any of the product changes mentioned above would help solve your problems or take your business towards its goal of leaving invoice finance you must plan the movement between the products....
You might want to consider moving to a business loan as an alternative....
Consider the most appropriate time of the month to make any changes so that you minimise any impact on your cash flow through payments being delayed and credit control being in transit. Also if you...
6) Take over the credit control function...
If you are moving from factoring to invoice discounting or leaving invoice finance completely, you will need to take over the credit control function. Depending on the size of your organisation this...
The timing of this change needs to be worked into your overall migration plan....
7) Calculate the residual funding gap...
If you want to leave invoice finance completely you will need to decide how you are going to replace the funding that you are currently receiving. This is often the most difficult step for businesses...
It may be that you can inject your own money to replace the funding from factoring or you may be intending to apply for an overdraft or loan to cover part or all of the funding gap....
However, if you intend to address the funding gap you need to determine exactly how much additional cash you need to find or raise to preserve the cash flow of your business and replace the funding...
8) Plan your funding migration...
Once again you need to plan the steps you will take to move from the funding provided by factoring to your alternative source. If your new funding source is less than the amount of funding generated...
For example, if you have £80,000 being provided by factoring and you intend to move to an overdraft of say, £30,000, you will need to reduce your usage of the factoring funding by...
Also, you need to apply for any residual funding, such as the overdraft in the example above, early enough to ensure that it is available when you need it. You also need to confirm the costs that are...
If you are considering a loan as an alternative, consider the funding differential between the Funding From Loans And Invoice Finance....
9) Make your funding migration...
Once you have planned your residual funding arrangements and planned how you will migrate from your current arrangements to the new arrangements you will need to put that plan into action....
If you are gradually reducing the amount of funding that you draw from your availability you will not normally be paying any discount charge on the undrawn funds. However, you will still be paying...
You could ask for a reduction in your service charge in return for placing a cap on the maximum level of funding that you are allowed to draw from your funding arrangement. This might help reduce...
10) Terminate your invoice finance facility if necessary...
You will need to plan the point at which you intend to give notice of termination of your facility to your existing factor, based on the terms of your agreement and how that would work in conjunction...
So by following these 10 steps you can get out of using your current facility and move your business funding arrangements to any one of the alternatives detailed above instead of factoring....
http://www.fundinvoice.co.uk/list_articles/how_to_get_out_of_factoring.html - How To Improve Your Invoice Finance Facility
Existing users gave us this feedback on how they would like their invoice finance companies to improve their facilities. In many cases, these are improvements that we would be able to achieve for...
These were the improvements they requested:...
The majority of these issues could be solved by considering alternative providers....
These were some of the actual comments made by respondents to our survey:...
Once again there are providers within the marketplace that could solve every one of those issues for the user....
Source: Study of Invoice Finance Users February 2015Note: Some respondents may have given multiple answers to questions....
http://www.fundinvoice.co.uk/list_articles/improve_invoice_finance_facility.html - Invoice Discount Invoices
You can invoice discount your unpaid sales invoices (invoices to customers on credit terms) if you want to raise some cash. In simple terms, you can select particular invoices to discount (receive...
You don't have to be tied into a long term contract, there are financiers that will allow you to dip in and out whenever you like - with no minimums....
So if you have a seasonal trading peak or a one-off large order, you can pick and choose one or more invoices to discount and receive, for example, 85% against those invoices immediately. That way...
CHECK THE COST TO INVOICE DISCOUNT...
http://www.fundinvoice.co.uk/list_articles/invoice-discount-unpaid-invoices.html - Invoice Finance Adverts
Our survey of invoice finance UK based users found that 47% said that they had not seen any advertising or adverts, from invoice finance companies, over the course of the last year. This group is of...
See also our research about finding invoice finance online....
Another study, back in 2011, of non-users found that 80% said they had not seen any advertising from invoice financiers in the last 12 months. The difference could either be that advertising has...
Going back to our recent survey, 53% of existing users that said that they had seen adverts, in the last year, were then asked about the method of advertising and the name of the invoice finance...
This shows a predominance of email marketing, which is very direct, i.e., it targets a single user rather than many. The usage of general, awareness-raising advertising, such as TV ads, was low in...
We also asked the name of the factoring or invoice discounting companies that they had seen adverts from. 34 of the respondents (that's 64% of those that had seen advertising) were able to name...
Good to see that these companies are clearly active in promoting the industry....
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users - some may have given multiple answers to questions) and UK Factoring & Invoice...
http://www.fundinvoice.co.uk/list_articles/invoice-finance-advertising-adverts.html - Invoice Finance Company Advertising
Invoice finance (IF - factoring or invoice discounting) and crowdfunding are both alternative finance options for businesses looking to raise money. Although crowdfunding has only recently appeared...
Our advertising and promotion survey looked at a sample of existing invoice finance users and asked them about their levels of awareness of advertising of various financial products....
Our sample was made up of 100 randomly selected respondents, all existing users of invoice finance, who were using a range of different providers - they were also from within a broad range of...
We asked our sample:...
"Have you seen any advertising for [invoice finance/crowdfunding] over the last 12 months?"....
The results were as follows:...
So, over 6 times more awareness of crowdfunding advertising was found among our sample of respondents. Also, bear in mind that these were all existing users of invoice finance, so they should have...
Source: FundInvoice IF & Crowdfunding Advertising and Promotion Survey - January 2016 (100 respondents, all existing invoice finance users of a variety of different invoice finance companies)...
http://www.fundinvoice.co.uk/list_articles/invoice-finance-companies-advertising-article.html - IF Crowdfunding And Payday Loans
To summarise a piece of our recent market research, we asked a sample of existing invoice finance users if they had seen advertising for invoice finance, crowdfunding and payday loans....
The results were as follows - the percentages are those that said they had seen advertising for each product type:...
This suggests that whilst payday loans and crowdfunding are generating a high market awareness, invoice finance is falling way behind, 7 times less awarensss than that for payday loans....
Whilst one might argue that payday loans cater to a different market i.e. consumer finance, crowdfunding and invoice finance are more comparative....
These finding are compounded by the fact that all the respondents were existing users of invoice finance who one might expect to be extra sensitive to advertising concerning products that they...
Source: FundInvoice IF & Crowdfunding Advertising and Promotion Survey - January 2016 (100 respondents, all existing invoice finance users of a variety of different invoice finance companies)...
http://www.fundinvoice.co.uk/list_articles/invoice-finance-crowdfunding-payday-loans.html - Invoice Finance Factoring Cost Savings Calculator
We have a new invoice finance and factoring cost savings calculator, built as a simple Excel spreadsheet. It allows you to enter details of any existing invoice finance quote that you have found...
We have been able to find:...
The calculator also gives you the option of varying that percentage saving, if you wish....
Please feel free to download it free of charge: Invoice Finance And Factoring Cost Savings Calculator...
REQUEST AN INVOICE FINANCE QUOTE...
Note: that savings cannot be guaranteed and you may need to update savings with the latest percentage show above....
http://www.fundinvoice.co.uk/list_articles/invoice-finance-factoring-cost-savings-calculator.html - Invoice Finance For Manufacturers
Manufacturers have always been typical users of invoice finance (IF), such as factoring and invoice discounting....
Our research identified that manufacturers make up the largest segment of users of invoice financing, accounting for 25% of respondents in our independent survey. The next largest segment was labour...
COMPARE QUOTES NOW...
There are several reasons why so many manufacturing companies are turning to this type of funding to boost their working capital position....
This is a testimonial from one factory production owner that we helped find business finance:...
"As a result of their knowledge and persistence, Sean at FundInvoice were able to secure Invoice Factoring for us where others had failed....
Working in a niche sector and on a complicated project, FundInvoice made the correct recommendations and supported me throughout the process. I am sincerely thankful for their help"....
MD of a Composites Manufacturer (Ref: 11235)...
Reasons for this high usage level within this sector include the following:...
So the high proportion of invoice finance users within the manufacturing sector is not surprising when you consider the above points....
In the manufacturing sector, managing cash flow can be particularly challenging due to long production cycles and payment terms. Invoice finance for manufacturing offers a practical solution by...
See this video: Getting Help To Pay For Raw Materials...
This type of finance can bridge the gap between delivering goods and receiving payment, which is crucial for maintaining consistent cash flow. By unlocking working capital quickly, manufacturers can...
For manufacturers dealing with multiple clients and long payment cycles, factoring for manufacturers can be a game-changer. This financial solution not only advances funds against outstanding...
A factoring provider will manage the collection of customer payments, freeing up manufacturers to focus on production and growth rather than debt collection. Factoring is particularly beneficial for...
Manufacturing factoring is a specialised form of finance tailored to the unique needs of manufacturers. Unlike standard factoring, manufacturing factoring considers the complexities of production...
With the flexibility that manufacturing factoring provides, manufacturers can negotiate better terms with suppliers and take on new orders without cash flow constraints, enabling them to thrive in...
Manufacturing factoring offers a tailored approach to managing cash flow by advancing a percentage of unpaid invoices. This allows manufacturers to receive immediate payment for products delivered,...
This is a case study about a company in the manufacturing sector that we have helped....
http://www.fundinvoice.co.uk/list_articles/invoice-finance-for-manufacturers.html - Invoice Finance Recommended For New Startups
Finance for new startups can be tough to find. Often a new business will not have any assets to offer as security to a bank for an overdraft or loan, and many financiers won't deal with new...
However, there are other options. Invoice finance is available to new startups, even with no previous track record and no other assets (not from all invoice finance companies but there are many that...
We asked a group of existing invoice finance users if they would recommend factoring or invoice discounting, as a source of business funding, to new startups. 53% said that they would recommend it to...
REQUEST A QUOTE FOR INVOICE FINANCE WITHOUT OBLIGATION...
Source: Invoice Finance And Late Payment Survey - October 2015 (100 respondents - all existing users of invoice finance)....
More information about invoice finance for startups....
http://www.fundinvoice.co.uk/list_articles/invoice-finance-recommended-new-startups.html - Tackling UK Late Payment Culture
Our October 2015 survey of randomly selected, existing invoice finance users, found that a 96% majority thought that increased use of invoice finance, by UK businesses, would improve the UK's...
Even when invoices are paid according to standard credit terms, this can often mean a wait of a month, or more, to receive payment. According to Experian, the average credit period taken by UK...
The Government has been actively taking steps to tackle late payments within the UK. In addition to the right to charge interest on overdue debts, the Enterprise Bill, which is passing through...
However, the number of UK businesses currently using invoice finance is still relatively small, we estimate less than 1%. Our research suggests that this is partly due to a lack of awareness, and...
Source: Invoice Finance And Late Payment Survey - October 2015 (100 respondents - all existing users of invoice finance)....
http://www.fundinvoice.co.uk/list_articles/invoice-finance-tackle-uk-late-payment-culture.html - Invoice Finance Users Won't Move Providers
Anecdotal feedback often focuses on the minority of invoice finance customers (factoring and invoice discounting clients) who are unhappy with some area of the arrangement that they have. However,...
Indeed 71% of existing invoice finance users told us that nothing would make them move away from their existing invoice finance company. The only significant issue, over which 23% said they would...
When combined, those that wouldn't move IF companies, and those that would move for a price reduction, accounted for 94% of those interviewed....
When you overlay that with our previous findings, that 98%* of existing invoice finance users would recommend using the service to other businesses, you paint a picture of a generally very satisfied...
Source: FundInvoice IF & Crowdfunding Advertising and Promotion Survey - January 2016 (100 respondents, all existing invoice finance users of a variety of different invoice finance companies)....
http://www.fundinvoice.co.uk/list_articles/invoice-finance-users-wont-move-providers.html - Invoice Finance With Your Own Bank Account
You may be worried about having to switch bank accounts if you used invoice finance? Normally either the payments have to be sent direct to the factoring company, requiring each customer to change...
In a recent discussion with one of our invoice finance partners, they mentioned that they have a way of getting around this extra work. They will allow you to continue to use your own bank account...
http://www.fundinvoice.co.uk/list_articles/invoice-finance-using-own-bank-account.html - Invoice Finance Versus Payday Loans
Invoice finance still has a very low awareness level amongst businesses that could benefit from this little-known form of business funding. In our recent article, we showed how the awareness of...
However, we also asked our sample if they had seen any advertising for payday loans (which seem to be endlessly plugged on daytime TV by the likes of Wonga and QuickQuid). The result was that an...
The stark contrast is with awareness of invoice finance-related advertising (factoring and invoice discounting). Only 14% had seen any advertising at all over the last year, and the level of...
The factoring and invoice discounting companies need to have a greater presence within the funding scene. In another article, we discussed some of the benefits of invoice finance, over repayable...
More about factoring and invoice discounting....
Source: FundInvoice IF & Crowdfunding Advertising and Promotion Survey - January 2016 (100 respondents, all existing invoice finance users of a variety of different invoice finance companies)...
http://www.fundinvoice.co.uk/list_articles/invoice-finance-versus-payday-loans-advertising.html - Advantages And Disadvantages Of Invoice Auction Sites
Invoice finance auction sites are a relatively recent phenomena to launch within the UK which have both advantages and disadvantages over traditional invoice finance companies. The principles on...
Overall, there are both advantages and disadvantages in using an invoice auction site in order to finance your invoices. The best method of raising invoice finance for your particular business will...
http://www.fundinvoice.co.uk/list_articles/invoice_auction_site_advantages_disadvantages_benefits.html - Invoice Discounting Clients Research
Our Invoice Discounting Clients Research Survey canvassed the opinions of a random sample of 54 existing clients of invoice discounting companies, during March 2014. Clients were asked to review...
We asked them several questions to review their invoice finance arrangements and the discounter that they used....
These are some of the results:...
These results suggest that the use of the service tends to be medium-term, rather than short-term....
We went on to ask them to review and rate their overall satisfaction levels with their current factoring company. These were some of the findings:...
These statistics demonstrate that there are significant perceived differences between providers, even more so than we found in the results of our factoring survey....
These were the reasons given to potentially move between different providers - "cost savings" being the most common response: Reasons To Move Invoice Discounting Companies...
Fundinvoice uses these and other research findings to better educate prospective clients about the options that are available to them....
http://www.fundinvoice.co.uk/list_articles/invoice_discounting_clients_research.html - Invoice Factoring Online
APPLY FOR INVOICE FACTORING ONLINE...
Invoice factoring online has two different interpretations. The first is that the application for the factoring facility can be conducted online, and the second is that the facility can be operated...
Most factoring companies have online applications but the reality is that most will need to complete the process with contact that is not just online. The degree to which you complete the process...
Again the degree to which one can conduct a factoring, or invoice discounting, facility online differs between providers. At one end of the spectrum, there are products that work largely online. You...
http://www.fundinvoice.co.uk/list_articles/invoice_factoring_online.html - Quotes About Why Picked Invoice Finance Facility
Leading on from my article Revealed - Why Clients Pick Particular Invoice Finance Facilities this article details some actual quotes from the invoice finance users that we interviewed. If you are...
These were some of the reasons they gave for their choices (multiple repetitions of similar quotes have been removed):...
It is encouraging to see so many positive comments about the benefits of invoice finance....
Source: Invoice Finance Users Survey February 2015 (100 Respondents)...
http://www.fundinvoice.co.uk/list_articles/invoice_finance_quotes_pick_facility.html - The Best Kept Secret Source Of Business Finance
Invoice Finance is a simple working capital finance solution that releases the money that is normally tied up in unpaid sales invoices. When you raise an invoice on credit terms the invoice finance...
Simple? However, so few businesses are aware of invoice finance that you would have thought it was a secret product....
Here are a few statistics from our market research surveys: ...
We estimate that less than 1% of UK businesses use invoice finance but despite the lack of awareness of the products as a funding solution for businesses, there are numerous invoice finance companies...
Read more about SME Invoice Finance....
The funding invoice finance companies can provide often exceeds what can be raised through conventional funding sources such as bank overdrafts and bank loans....
REQUEST A QUOTATION FOR INVOICE FINANCE...
http://www.fundinvoice.co.uk/list_articles/invoice_finance_secret_business_finance.html - Invoice Finance Companies Lead By Example
UK invoice finance companies have been leading by example when it comes to the issue of UK late payment culture. There has been much in the press recently about late payments, and the UK...
FundInvoice deal mainly with UK invoice finance companies and so we receive regular commission payments from them, in respect of clients that we successfully find an invoice finance facility. We...
In about 30% of cases the financiers are "self billing". This means that you don't even have to raise an invoice, they send you a self billing advice and the money is transferred to your bank...
Looking at the 70% of invoice finance companies that we send invoices for payment, the average number of days taken to receive funds, from the date of the invoice, was just 10 days....
So on average, across both self billing and invoiced, the average time to pay was just 8 days. This clearly demonstrates that, on the issue of UK late payment culture, UK invoice finance companies...
Whilst these credit terms are exceptionally short, compared to the UK average, even when customers pay either to terms or before due date there can still be a credit gap. This is the period between...
http://www.fundinvoice.co.uk/list_articles/late-payment-invoice-finance-companies-lead.html - Online Quotations
There are a number of websites that provide online quotations for factoring and invoice discounting facilities. They can be a helpful way of obtaining price comparisons but before you use an online...
On the web, you will find a number of online quote sites that will provide you with quotes from one or more factoring or invoice discounting companies immediately. We have dealt with customers who...
In some cases, the quotations are produced automatically using formulae that are built into the website. We have come across examples of quotations being obtained by clients and the quotation...
As an example, we came across one client who was quoted a 90% initial payment percentage with 3 months notice of termination by an online quotation site. When they spoke to the actual factoring...
Most people like the idea of getting several quotes so that they can compare prices, however, we spoke to a client who received 6 quotations from an online quotation search service. This number of...
One of the benefits of a site that allows you to compare online quotations is that you can compare the prices charged by different providers. However, there is a drawback with this approach in that...
http://www.fundinvoice.co.uk/list_articles/online_quotations_factoring_invoice_discounting.html - Open Ended Contracts
The invoice and sales finance industry has launched a number of product enhancements to better meet customers' needs for open-ended contracts. Historically the industry was criticised for...
We are pleased to say that a growing number of invoice finance companies are offering more open-ended and flexible contracts. It is also gratifying to note that the market research that we have...
Over the last 4 to 5 years these types of providers have become much more high profile, offering a flexible alternative to the mainstream, whole turnover invoice finance providers who offer a...
However, it is not just these niche players that are offering these more flexible terms, the mainstream, whole turnover style IF providers are also getting in on the act. One of the largest providers...
In addition, a number of “independent” providers are now offering very attractive terms for new clients including:...
To summarise, the industry has listened to its clients and has made positive changes to better meet their needs and move away from inflexible, long-notice contracts....
If any of the above products are of interest then please contact us for more details....
http://www.fundinvoice.co.uk/list_articles/open-ended-contracts.html - Overdraft Versus Invoice Finance
The gap between usage of bank overdraft and alternative forms of funding, such as invoice finance, appears to be narrowing according to new research. The recent SME Finance Monitor for Q1 2015,...
The report went on to say: "29% were using one of the "core forms of finance (loans, overdrafts and/or credit cards) and usage has now stabilised, having previously declined . . . Use of other forms...
This result should be viewed in the light of an overall decline in the number saying that they use external finance, from an average of 46% in 2011. However, the fact that the gap between the two...
Find out more about SME Invoice Finance....
Often forms of alternative business finance, such as factoring and invoice discounting, can offer businesses greater flexibility as the level of finance grows in line with growth in the business....
http://www.fundinvoice.co.uk/list_articles/overdraft-versus-invoice-finance.html - What To Do If Your Overdraft Is Removed Or Your Overdraft Is Reduced
My overdraft has been reduced! Panic? Don't, there are alternative forms of finance....
Bank overdraft has always been a traditional source of funding for businesses of all sizes. However, recent economic events have caused banks to become more conservative in their approach to granting...
There are also certain limitations with traditional bank overdrafts that mean that the level of funding does not necessarily grow in line with the expansion of your business....
In recent times, we have heard of examples of overdrafts being unable to keep pace with the requirements of businesses and these circumstances include:...
In all of the above cases, if your overdraft has been reduced or withdrawn, there are alternative sources of funding that are in most cases freely available as an alternative or a top-up to bank...
Invoice finance facilities such as factoring and invoice discounting can release more funding than is likely to be available through a traditional overdraft facility. Granting such facilities works...
Overdraft and invoice funding can work together, with invoice finance working in tandem with an existing bank overdraft (they can be from different providers as well). Therefore, if you are unable to...
In terms of the cost of invoice financing, in some cases, this can be very competitive with an overdraft but you should bear in mind that you can often access funding through invoice finance that...
Therefore, in summary, if your bank overdraft is removed, cancelled or reduced you do not need to panic as there are alternative sources of funding that are almost certainly going to be able to make...
Read more about When To Use Invoice Finance....
Glenn Blackman MBA MCIM writes regarding invoice finance and related matters at: Glenn Blackman's Invoice Finance Blog. Glenn is also a Partner in FundInvoice Limited, a specialist invoice...
http://www.fundinvoice.co.uk/list_articles/overdraft_removed_reduced.html - Price Check Invoice Finance This Year
A staggering 78% of existing invoice finance clients that we surveyed have not had a price check, against the market, in the last year....
Despite this, 71% of those that haven't had a price check said that they wanted their invoice finance facility to be improved by reducing the charges!...
Whilst price checking and comparison sites are commonplace within sectors such as insurance, it seems that users of invoice finance are less likely to check their pricing against the market, possibly...
If you would like to check your invoice finance price, against our panel of providers from across the UK market, or if you want to find out the cost of invoice finance, there is a simple online form:...
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users)...
http://www.fundinvoice.co.uk/list_articles/price_check_invoice_finance_against_market.html - Quotes From Clients Using IF
As part of our recent survey of existing factoring and invoice discounting clients, we asked a sample of 100 randomly selected users: "Why do you think more buisnesses that need funding don't...
These are a few of the actual quotes, comments and feedback that existing clients using these products gave, in answer to that question:...
This selection of responses show a general appreciate of the product amongst exising users. They also suggest a number of recurring themes:...
These are issues that the invoice finance industry could work towards addressing....
My personal favourite of these comments was the last one: "No idea but they should!"....
http://www.fundinvoice.co.uk/list_articles/quotes_clients_using_factoring_invoice_discounting.html - Reasons To Move Invoice Discounting Companies
As part of our survey of 54 existing invoice discounting users, we asked the respondents if they were prepared to move between invoice discounting companies and if so, what would make them move...
The reasons they said they would move were as follows:...
The results show the majority of invoice discounting clients are prepared to move between providers, slightly less than the results from our factoring users survey, but their reasons for moving would...
Note: Some clients may have given multiple reasons for moving discounters. Rounding has also affected the total percentages....
http://www.fundinvoice.co.uk/list_articles/reasons_to_move_invoice_discounting_companies.html - Recession Protection
There is some comment in the press once again about the global economy being on the verge of a global #recession...
In a recession the level of customer failures can increase dramatically but they can occur even when the economy is doing well. Bad debt protection is available to secure your business against the...
REQUEST A QUOTE...
We can introduce you to a financier that will provide you with bad debt protection which can also be know as non recourse. Non recourse means that your business is protected against the risk of...
The financier will allocate credit limits for new customers which means that you can trade with them in the confidence that you won't suffer from a bad debt. Bad debt protection can be provided...
In some cases funding is linked to the credit limits but we can introduce you to providers where that is not the case and even providers that offer overpayment facilities....
http://www.fundinvoice.co.uk/list_articles/recession_protection.html - 68 Percent Recommend Invoice Finance To Fast Growing Companies
Our research has already confirmed that there is a link between using invoice finance and enabling fast growth. We wanted to poll the opinions of existing users to see if they would recommend...
A random sample of existing invoice finance users was asked if they would recommend using factoring and invoice discounting to fast-growing companies. 68% of respondents said that they would...
When a business goes through a period of fast growth it can often need funding in order to keep pace with the payment of expenses as its business expands. Traditional forms of finance, such as bank...
Previous fast-growth sector research has also identified a higher than average concentration of invoice finance users amongst the segment of businesses that are fast-growing, it is especially high...
If you would like to discuss funding, or getting access to invoice finance companies, for a business please contact Sean on 03330 113622 or request a callback....
Source: Invoice Finance And Late Payment Survey - October 2015 (100 respondents - all existing users of invoice finance)....
http://www.fundinvoice.co.uk/list_articles/recommend-invoice-finance-fast-growing-companies.html - Quotes Recommending Invoice Finance
Quotes from the 98%, of users we surveyed, that said they would recommend invoice finance to other businesses. These are some of the quotes from users that we asked if they would recommend invoice...
Some really positive comments showing just how well invoice finance can work for some businesses....
If you are looking for a pricing quotation for your own business: REQUEST AN INVOICE FINANCE QUOTE...
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users)....
http://www.fundinvoice.co.uk/list_articles/recommend-invoice-finance-quotes.html - Invoice Finance To Pay VAT Bill
We found that 33% of existing invoice finance users surveyed, told us that they would recommend invoice finance to businesses that needed help paying their VAT bills. We also ran a piece in the...
APPLY FOR INVOICE FINANCE...
The process would be straight forward to release maybe 75% to 85% of your outstanding sales ledger through an invoice finance arrangement. This working capital could be used to settle your VAT bill....
As an example, lets look at a business turning over say £100K + VAT per month (1.44m pa including VAT), that's £120K per month including the VAT. So with VAT of £20K per month....
Say the outstanding sales ledger was 2 months sales, that would be £240K of outstanding invoices against which lets assume a conservative initial payment, from invoice finance, of 75%. That...
It has to be said that, within our survey, there were far higher numbers recommending invoice finance as a funding source for fast growing businesses (68%), but if you are behind with your VAT...
Source: Invoice Finance And Late Payment Survey - October 2015 (100 respondents - all existing users of invoice finance)....
http://www.fundinvoice.co.uk/list_articles/recommend-invoice-finance-to-pay-vat-bill.html - Recruiters Don't Consider Receivables Finance
Receivables finance is used by far more companies within the recruitment sector (17%) than businesses within other sectors. However, recent research suggests that many recruitment agencies are still...
We found that 25% of recruiters, that were not using receivables finance, hadn't considered using it - and had opted instead for forms of finance such as overdraft and loan. In 80% of these...
The key difference between RF and bank finance (overdrafts and loans) is that the RF will grow with your turnover, and in a fast growth sector - such as recruitment - this can be the kind of...
These reasons are also based, at least partly, on misperceptions about this kind of finance:...
Far from being expensive, RF can be a cheap form of finance, particulary in highly suited sectors such as recruitment. You have the option to use it for all your invoicing, or you can dip in and out...
There are RF providers that do not require personal guarantees and many more that will limit the guarantee required to a fraction of the value of the finance taken....
We have an area on our site that gives more help to recruiters that are considering this type of funding....
Source: East Sussex & Kent Recruitment Finance Survey (100 Respondents) - June 2016...
http://www.fundinvoice.co.uk/list_articles/recruiters-consider-receivables-finance.html - Recruiters Want Late Payments To Improve
In our survey of local recruitment consultants, 52% told us that they would like to see an improvement in late payments by customers....
This is a surpirsingly high figure, when you consider that recruiters typically used to offer some of the shortest credit periods to their customers, so you would expect that their invoices would be...
Of just the 52% of recruitment consultants that want late payments to improve, 64% of them use some form of external funding for their business. If customers paid quicker it would improve the cash...
Overall, we found that 17% of local recruitment companies used sales finance to fund their outstanding sales invoices. They use it to release the cash tied up in unpaid invoices, in order to generate...
Again this is a surprisingly high figure, nearly 20 times higher than our estimate of the national average. However, anyone that works within sales financing will know that it is very common for...
Source: East Sussex & Kent Recruitment Finance Survey - June 2016...
http://www.fundinvoice.co.uk/list_articles/recruiters-kent-east-sussex-late-payments.html - RPO Invoice Finance
Recently, you may have seen our blog posts about invoice finance against RPO invoices. There have been issues, for some businesses within the recruitment sector, where they are dealing with these...
There can be problems funding "pay as paid" contracts when dealing with recruitment processing companies but we have invoice finance companies that can deal with RPOs, pay-as-paid contracts and these...
We have recently been advised that one RPO invoice finance company that was funding against one RPO has restricted the level of funding that they will provide, there are alternatives that can fund...
If you are having issues finding an RPO invoice finance company that can help with RPO funding please speak to Sean on 03330 113622 or use the quote request to the right of this page....
We have been successful in helping many companies overcome these types of funding issues with RPOs. We may be able to assist you should you encounter similar issues....
Payroll finance is a method of improving the cash flow of recruiters. It works by releasing cash against recruitment invoices before the end debtor pays. In addition to finance, the facility can be...
Case Study - RPO Funding...
http://www.fundinvoice.co.uk/list_articles/rpo-invoice-finance.html - Do Businesses Want Selective Invoice Finance and Auction Sites
Recently several invoice finance providers offering selective facilities, where the client can select specific invoices to finance rather than receive finance on all invoices, have entered the market...
We wanted to understand the level of demand for selective invoice finance and for the use of "auction" style sites for invoice finance, so we surveyed 100 randomly selected SMEs (Small and Medium...
Firstly, we asked them:...
"Would you expect businesses using invoice finance to prefer to receive funding against all their invoices or only invoices that they select?"...
This suggests that there is a clear niche for selective invoice finance although the majority seem to favour whole turnover style facilities which are more traditional within the industry....
Secondly, we tried to understand opinions about invoice finance auction sites by asking:...
"Would you expect businesses using invoice finance to prefer to receive funding from one named financier that they select; or from the financier that can provide funding at the most competitive price...
The main reasons they gave for this choice were the hassle they expected to be involved with using an auction site and missing out on the relationship that they would build up with their financier....
They said their reasons for doing so were that it would be cost effective, and able to be used when they wanted....
Our findings suggest that whilst the traditional approach to invoice finance is still the most popular i.e. whole turnover funding from a company the client selects, there is a clear niche for...
Source: UK Factoring & Invoice Discounting Market Research Summary – Part 3 - 14th May 2013...
http://www.fundinvoice.co.uk/list_articles/selective_finance_auction_site.html - Single Invoice Finance
REQUEST A CALL BACK FROM AN EXPERT...
Single Invoice Finance or single invoice financing are terms that clients often use to cover several different requirements such as:...
We can help you with any of the above and can explain all the options that are available including putting you in touch with the providers that offer those facilities. Each of the four options above...
As the name suggests in some cases you can raise finance against just one single invoice. Some of the invoice finance companies will consider this if the circumstances are right i.e. the transaction...
This type of facility often appeals when clients don't want to be tied into a contract for any period, but the cost of such funding will vary vastly between different providers....
Additional setup fees and other ongoing charges can vary between financiers....
See a Case Study About Factoring One Invoice...
Some customers don't just want finance against one single invoice, what they want is to be able to pick and choose which invoices they will receive funding against. This is called selective...
Rather than finance against just one invoice, "single debtor invoice finance" is finance against just one single customer or debtor. In some cases, clients only have one customer which is not a...
Just to complete the options it is worth mentioning the more mainstream alternative to single invoice finance, whole turnover invoice finance. As the name describes all the sales of a business fall...
If you are seeking single invoice finance or any of the options described above we can help: APPLY FOR SINGLE INVOICE FINANCE...
http://www.fundinvoice.co.uk/list_articles/single_invoice_finance.html - Sources Of Finance For Recruiters
As part of our research into finance for the recruitment sector we asked a sample of companies how they funded their businesses. These were the sources that they told us they used:...
The results highlight a number of things:...
Source: East Sussex & Kent Recruitment Finance Survey (100 Respondents) - June 2016...
http://www.fundinvoice.co.uk/list_articles/sources-finance-recruitment.html - Supply Chain Finance
Supply Chain Finance can also be known as Supplier Finance or Reverse Factoring. The term "supply chain" in this context is used to refer to the network of organisations and activities involved with...
An example of Supply Chain Finance would be where a supermarket is purchasing products from a wide range of smaller suppliers. The supermarket will arrange a Supply Chain Financing agreement with a...
Some arrangements may be as simple as funding the outstanding sales invoice to the supermarket or similar large business, but in some cases, there may be other services bolted onto the arrangement to...
The benefit of Supply Chain Finance to the large business arranging it in respect of their suppliers is that they are able to enjoy credit periods from their suppliers. These are being funded at...
The key benefit from the perspective of the suppliers within the arrangement is that they are able to access finance at rates that would normally be reserved for businesses that are much larger, for...
In recent times we have seen a few examples of this type of arrangement being established by some major companies and these types of arrangements can be provided by a number of funders that also...
However, a Supply Chain Finance or Reverse Factoring arrangement may not always be the right answer for a particular supplier as there can often be other issues that cause a supplier to seek a...
Although Supply Chain Finance appears to have taken off relatively slowly within the UK so far there are examples of new arrangements emerging and the product is likely to feature increasingly within...
http://www.fundinvoice.co.uk/list_articles/supply_chain_finance.html - Switching Invoice Finance Providers
During my recent briefing of the ABFA (Asset Based Finance Association) I was asked if we had any insight into switching between invoice finance providers and indeed if users were switching to or...
To answer the question, I have looked back at the study of invoice finance users that we completed in March 2014....
For the purposes of this article, I have defined "bank-owned invoice finance companies" as those owned by high street banks....
In total, we spoke to 100 existing invoice finance clients and we found that all of them had switched providers at some stage:...
So, as previously concluded, the majority of invoice finance users appear to switch providers during their client life (2.14 providers used on average), and the biggest driver of moving providers was...
We asked them who they were using now, after switching, i.e. who they had moved to:...
Therefor,e the majority had moved to an independent....
Of the 38% that were now using a bank-owned provider:...
Of the 62% that were now using an independent provider:...
Looking at just those using invoice discounting (54%), there were 57% now using a bank-owned provider and 43% using an independent....
Of those using factoring (46%), there were 15% who used a bank-owned provider and 85% who used an independent. This indicates a marked preference for a move to the independent sector, among factoring...
The majority of invoice finance users appear to move once during their time using these products. The primary driver of that move is to make cost savings, however, there were other reasons given for...
When they change providers, the majority (62%) move to an independent provider....
There appears to be a particular preference, among factoring users, for independent invoice finance companies....
Source: Invoice Finance Clients Survey March 2014 (100 Respondents All Existing Invoice Finance Users)...
http://www.fundinvoice.co.uk/list_articles/switching-between-banks-independent-invoice-finance-companies.html - Top 10 Tips When Invoicing
It is important to make sure that your invoices are valid, to maximise the probablity that your customer will pay you and just in case you need to take legal action to get paid....
These are our top 10 tips about how to raise valid invoices, to help ensure that you get paid on time:...
http://www.fundinvoice.co.uk/list_articles/top-10-tips-raising-invoices-get-paid.html - Recommend Invoice Finance
This is the most important question for anyone thinking about using invoice finance, factoring or invoice discounting: "What percentage of users would recommend invoice finance?"....
We put this question to a randomly selected sample of 200 existing product users, that were using a range of different factoring and invoice discounting companies:...
There were only three businesses, out of two hundred, that said that they would not recommend it. In one case they had an ongoing dispute with the invoice finance company and in another they felt the...
Two of these businesses were using a high street bank for their invoice finance, rather than an independent invoice finance company....
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users) the sample was expanded, to 200 respondents, in our Invoice Finance And Late Payment...
http://www.fundinvoice.co.uk/list_articles/what-percentage-of-users-would-recommend-invoice-finance.html - Why More Don't Use Invoice Finance
Our sizing of the market penetration for invoice finance within the UK suggested that only c.0.86% of UK businesses use factoring or invoice discounting, despite many of the UK's fastest growing...
We wanted to find out why the take-up was so low therefore we surveyed a randomly selected group of existing invoice finance users and asked them why they thought more UK businesses didn't use...
Addressing each of these points in turn:...
Also, see our research about how easy it is to find invoicing financing services in the UK....
Sources: Study of Invoice Finance Users February 2015 and Factoring & Invoice Discounting Market Research Summary 20th July 2011Note: Some respondents may have given multiple answers to this...
http://www.fundinvoice.co.uk/list_articles/why_more_businesses_dont_use_invoice_finance.html - Why Non Bank Introduced Picked Facility
In my previous article, "How Businesses Find Their Way To Invoice Finance", we identified that 49% of our sample of existing invoice finance users found their way to the products through a route...
The reasons they gave were as follows:...
It is interesting that only one of this sub-set said that they "used their bank". This particular respondent said that they had been recommended to use invoice finance by their accountant and then...
Source: Study of 100 Invoice Finance Users February 2015 (note: some respondents may have given multiple answers to this question)....
http://www.fundinvoice.co.uk/list_articles/why_non_bank_introduced_picked_facility.html - Factoring Pricing Differences
This infographic shows the range of factoring pricing differences that we identified during a recent mystery shopper price comparison....
You can read the full details of the pricing research on our blog....
This summarises our findings:...
Please share the above infographic on your blog or website. Just cut and paste the following HTML code into your site:...
450 pixels wide:...
<a href="https://www.fundinvoice.co.uk/list_infographics/infographic-factoring-pricing-differences.html" ><img src="https://www.fundinvoice.co.uk/images/factoring-pricing-comparisons.jpg"...
You can read about how factoring works on this website. We also have an extensive archive of invoice finance market research....
If you have quotes to compare, use our free Quote Comparison Tool to find out the comparative annualised costs....
If you need help, please request a callback or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/list_infographics/infographic-factoring-pricing-differences.html - Invoice Finance Infographics
These are the infographics that we have created regarding invoice finance, factoring and invoice discounting. If you click on the thumbnail in the gallery below it will open the full JPEG version of...
Graphics from the #IFaware campaign:...
See the rest of the #IFaware campaign adverts....
The extent of pricing differences between factoring companies:...
Debunking myths and misconceptions for recruiters:...
Late payment culture and business growth:...
What existing users think of invoice finance:...
Sources of finance for new startups:...
Infographic about sources of finance for fast growing UK businesses:...
Survey of existing invoice discounting and factoring users:...
Market Sizing of the factoring and invoice discounting sector:...
How does invoice finance work?:...
http://www.fundinvoice.co.uk/list_infographics/infographics-invoice-finance-factoring-discounting.html - Benefits Of Trade Finance For Importers
If you are an importer of goods to the UK you may find this infographic useful. It shows the difference between financing your imports yourself and using a trade finance company to fund them....
A common problem with importing is that you have to pay for the goods in advance, or on very short terms before you have been able to sell them on. This type of funding solves that issue. The...
GET A TRADE FINANCE QUOTE...
The following infographic sets out the key benefits of trade finance:...
See our more detailed guidance on the considerations around using trade financing support for importers. ...
http://www.fundinvoice.co.uk/list_other/benefits-of-trade-finance-for-importers.html - Companies Using Invoice Finance
This is a breakdown of the type of companies that we found to be using invoice finance, during our Invoice Finance Recommendation & Advertising Survey - May 2015 (100 respondents)....
The companies within our sample were concentrated within the following industry sectors:...
The respondents broke down into the following size and circumstance categories:...
Only 14% of respondents had employee numbers available. Those that did ranged from zero to 357 employees....
Only 15% of respondents had turnover levels available. Those that did had annual turnover that ranged from £502K to £134M....
This analysis of the composition of the companies using invoice finance shows that these product are used by a broad spectrum of companies. These range from small businesses without employees up to...
http://www.fundinvoice.co.uk/list_other/companies-using-invoice-finance.html - Construction Finance Quote Search
Quickly get a free quote search for construction finance, with no obligation to proceed just:...
Or call me and I can do it for you:...
Call Sean Morrow on 03330 113622 or REQUEST A CALLBACK...
http://www.fundinvoice.co.uk/list_other/construction-invoice-finance-quote-applications-for-payment-funding.html - Contract Finance
Through our funding partners, we can now give you access up to Contract Finance which provides 80% of the cash tied up in unpaid contracts, licences, subscriptions and retainers - up to a year in...
CONTACT US FOR DETAILS...
Contract Finance allows businesses in technology, security, publishing and other services to access cash flow finance without the expense or administration of a term loan or overdraft....
Examples of contracts that could be funded:...
The criteria, subject to approval by our funding partner, are as follows:...
Call Sean on 03330 113622 for details....
We also have a funder that specialises in contractual debt. They can finance SLAs (Service Level Agreements) and Framework agreements. This can include IT consultation transactions even where there...
http://www.fundinvoice.co.uk/list_other/contract-finance.html - Customer Terms
Version 12.0 – Published 27th March 2025...
Thank you for choosing FundInvoice LLP for your business finance needs. This document constitutes our Standard Brokerage Agreement. ...
Acceptance of This Agreement...
By accessing or using any of the services provided by FundInvoice LLP (“FILLP”), including submitting enquiries via our website, telephone, email, post or in person, or by continuing any...
If you do not agree to these terms, you must not use our services or continue communications with us....
This Agreement takes effect from the earlier of (i) the date of first use of our services, or (ii) the date you are first provided with a copy of this Agreement, or its availability is made clear to...
1. Parties:...
This Agreement is between FundInvoice LLP (a Limited Liability Partnership registered in England and Wales, partnership number OC387824, VAT registration number 174 7968 50, with a registered office...
2. Supply of Brokerage Services...
Scope of Services:...
FILLP will introduce you to one or more providers (referred to as “Providers”) of finance facilities and/or other services or products (referred to as “Facilities”) based on...
FILLP does not act as an agent of the Customer or the Provider and does not have authority to bind either party....
3. Agreement Terms...
These are the complete terms governing our relationship:...
Interpretation: Key definitions and terms are outlined below....
Fees and Commission:...
Our services are provided to you at no direct charge....
You hereby consent to FILLP receiving commission from the Provider upon successful arrangement of any Facilities. Such commission may be one-time and/or ongoing. A breakdown of any commission...
Additionally, you consent to FILLP paying a portion of any commission to FILLP’s own introducers and to FILLP receiving commission for any further customer the Provider gains because of...
You confirm that you have no objection to FILLP receiving such commission and acknowledge that this may give rise to a conflict of interest, which you agree to waive....
4. Provision of Services:...
FILLP will, at its discretion, provide the Customer’s contact details to the Providers and make introductions based on your finance and other needs....
Customer’s Responsibility:...
The Customer is responsible for assessing the suitability and creditworthiness of any Providers introduced....
The Customer shall indemnify and hold harmless FILLP, its partners, employees, and agents from and against all claims, liabilities, losses, damages, and expenses (including reasonable legal costs)...
Where the Facilities relate to business finance, FILLP only provides services to companies (not private individuals, sole traders or partnerships). By proceeding with FILLP, you confirm that you are...
Limitations of Liability:...
FILLP makes no representations or warranties regarding any Providers, or the Facilities offered. No advice or information, whether oral or written, obtained from FILLP, creates any warranty. FILLP...
Nothing in this Agreement shall exclude or limit liability for fraud, fraudulent misrepresentation, or any other liability that cannot be excluded by law....
5. Data Protection:...
FILLP complies with the Data Protection Act 2018 and the UK General Data Protection Regulation (UK GDPR)....
Any information you provide may be shared with selected Providers to facilitate the provision of Facilities. You consent to FILLP sharing any information you provide, including any personal data,...
By proceeding to share data, you confirm that you agree to our data handling practices. A copy of FILLP’s privacy policy is available upon request or on its website, which outlines how personal...
6. General Terms...
Assignment:...
You may not assign your rights or obligations without FILLP’s written consent. FILLP may assign, novate, or sub-contract its rights or obligations under this Agreement without notice to the...
Terms:...
If any provision of this Agreement is held by a court or other competent authority to be invalid or unenforceable, this does not affect the validity of the remainder of the Agreement....
Governing Law:...
This Agreement is governed by English law, and the parties agree to submit to the jurisdiction of the English courts....
Entire Agreement:...
This Agreement constitutes the entire agreement between the parties in relation to its subject matter and supersedes all prior agreements, negotiations, and understandings, whether oral or written....
Notice:...
Continued use of our services constitutes acceptance of this Agreement. A copy is permanently available at https://www.fundinvoice.co.uk/list_other/customerterms.html...
http://www.fundinvoice.co.uk/list_other/customerterms.html - Debt Collection
If you have old unpaid sales invoices (owed by businesses or private individuals - consumers) or even a single old invoice that you are struggling to get paid, we can introduce you to reputable...
They will undertake the collection of old outstanding sales invoices for you and we can introduce you to debt collectors who you only pay if they are successful in recovering funds from the debtor,...
These debt collection and debt recovery services can be provided in respect of both debts owed by businesses (B2B) and debts owed by private individuals - consumers (B2C)....
The service also gives you access to a secure online internet interface that shows you the up to the minute progress that the debt collection agency are making. You can log in and see the actions...
We can also introduce you to debt collection services that can provide you with ongoing credit control support for all your sales invoices if required....
REQUEST A FREE QUOTE FOR DEBT COLLECTION...
http://www.fundinvoice.co.uk/list_other/debt_collection.html - Export Territories
If you export we can introduce you to factoring companies that can help with funding your transactions and collecting your export invoices....
Read more about Export Factoring and How It Works or Contact us about export finance to discuss your requirements....
The following lists of countries may have been updated since publication, contact us to check....
We should be able to help you find support for most export territories around the world, including:...
The following are countries that you may be having trouble getting help with, however, we may be able to find you someone who can assist you, depending upon the circumstances:...
Countries We Cannot Help With...
Our partners do not deal with the following countries at present:...
http://www.fundinvoice.co.uk/list_other/export_territories_countries.html - Finance For Business Growth
Following the EU referendum, and the UK's decision to leave the EU there has been much press speculation about a slow down in future UK economic growth rates once Brexit occurs. This is just...
The following infographic sets out some of our independent research findings, and is based on actually speaking to existing users of this type of high growth finance:...
See our related article on Scaling Up Financing....
http://www.fundinvoice.co.uk/list_other/finance-for-business-growth.html - Free Business Finance Quote Search
Quickly get a free quote search for business finance and compare prices. NO searches (at this stage) and NO obligation to proceed. Simply:...
Or call me and I can do it all for you:...
Call Sean Morrow on 03330 113622 or REQUEST A CALLBACK...
http://www.fundinvoice.co.uk/list_other/free_invoice_finance_price_check.html - FundInvoice Reviews
We want you to be able to verify who we are so that you are comfortable that you can trust us. Below is information about FundInvoice reviews and testimonials as well as other information you can use...
http://www.fundinvoice.co.uk/list_other/fundinvoice_reviews.html - Exclusive Offer - Golden Hello
Up to £10,000 of annual invoice finance cost savings, paid to you, in advance, when you change to a particular one of our funding partners....
REQUEST DETAILS or call Sean on: 03330 113622....
This is an exclusive offer, for a limited period of time, that we have negotiated with one of our invoice finance partners. It's better than "cash back" its a "golden hello"....
Sean Morrow, a Partner in FundInvoice said the following about this offer:...
"I believe the new “Golden Hello” offer is a truly ground breaking offer for companies looking to save money by moving their Invoice Finance facility. No more having to wait a whole year...
Our first quote has just been made to an invoice finance user for a saving of £4,000 which is eligible to be paid in advance - see the news release....
The offer works as follows:...
REQUEST A CALL BACK FROM FUNDINVOICE...
http://www.fundinvoice.co.uk/list_other/golden-hello-exclusive-invoice-finance-offer.html - Invoice Finance Research Group Member Logos
The following logos are for the exclusive use of members of the Invoice Finance Research Group on LinkedIn.com only....
Should you wish to add a link to the Invoice Finance Research Group on LinkedIn, the URL is as follows: https://www.linkedin.com/groups/3323843...
150 x 50 pixels...
719 x 239 pixels - feel free to adjust the size but retain its proportions:...
http://www.fundinvoice.co.uk/list_other/invoice-finance-research-group-linkedin-logos.html - Invoice Finance Tips
These are some of the invoice finance-related tips we have published via Twitter:...
http://www.fundinvoice.co.uk/list_other/invoice-finance-tips.html - List Of International Factoring Companies Worldwide
A question was recently posted on the UK Invoice Finance Research Group discussion site asking for a list of factoring companies that handle particular countries across the world....
If you are looking for factoring companies worldwide there are two organisations, that have now combined, that may be able to help. You will find a list of international factoring companies on their...
Factors Chain International is a global network of factoring companies, this is a list of members: https://fci.nl/en/members/index ...
In 2016 the International Factors Group, an association of factoring companies with members throughout the world, was integrated into FCI....
You can find a list of the factoring companies in the UK on our site: https://www.fundinvoice.co.uk/invoice-finance/list-invoice-finance-companies-uk.html...
http://www.fundinvoice.co.uk/list_other/list_international_factoring_companies_worldwide.html - Mathematical Factoring
The term Factoring has multiple meanings. In one context it describes financial factoring where finance is raised against a company's debtor book and it can also be used in a mathematical...
Mathematical factoring, factorization and prime number factors...
Factoring in Algebra...
If you are looking for information about financial debt factoring facilities or financial factors please follow these links:...
Financial Debt Factoring...
Financial Factoring Calculator...
Debt Factors...
http://www.fundinvoice.co.uk/list_other/mathematical_factoring_resources_calculator.html - Request FundingVoice
Thank you for requesting future copies of FundingVoice, the monthly magazine that will help you save money on invoice finance and keep you up to date with the latest discounts and offers....
It will be sent to your email address and we promise that we won't pass your details onto any other parties without your prior consent. You can also unsubscribe at any time....
Welcome to our growing readership!...
http://www.fundinvoice.co.uk/list_other/request_fundingvoice.html - Research Presentations
Below are details of the presentations and Powerpoint presentations, regarding our invoice finance research programme, that we have produced for various parties:...
http://www.fundinvoice.co.uk/list_other/research_presentations.html - SIC Code Eligibility
We have constructed a spreadsheet which shows whether each SIC Standard Industrial Classification Code is likely to be eligible for invoice finance (factoring and invoice discounting), construction...
Ask us which finance product suits your industry sector: CONTACT US...
You can download a copy here: SIC - Standard Industrial Classification Code List it makes it easy to search for sectors or to select suitable industries using the data filter function....
Alternatively, although harder to navigate, here is a web-based full list of SIC codes each with suitable product classifications following it (IF = suitable for invoice finance, CF = suitable for...
http://www.fundinvoice.co.uk/list_other/sector-sic-code-eligibility.html - Vote In Business MoneyFacts Awards 2015
We need your help please....
FundInvoice are finalists for the Business MoneyFacts award for Best Asset Based Finance Broker of the Year 2015. Voting for the winner has opened today, and is only going to be open for a matter of...
All you have to do is tick the box for "FundInvoice LLP" and then enter a short testimonial, and your name etc. You can also tick a box so that your comments remain anonymous and are only used for...
Your support continues to be much appreciated....
http://www.fundinvoice.co.uk/list_other/vote_business_moneyfacts_awards_2015.html - Drone Imaging
We can introduce you to financiers that provide invoice finance for drone imaging, aerial surveys and photographers (such as flying, thermal services, scanning, and large format prints). Factoring...
Providing that you sell on credit terms to other businesses a financier should be able to make available cash against your outstanding sales invoices immediately they are raised of up to 90%, with...
If required, the financier can help you by providing credit control services, or you can retain the role of collecting your invoices if you prefer. Your customers don't even need to know that...
If you are concerned about debtors failing to pay you, creating overdue or bad debts, the financier may also be able to provide you with bad debt protection....
Contact us to discuss how we can introduce you to providers that are able to help businesses within your industry: INVOICE FINANCE QUOTATION SEARCH REQUEST...
http://www.fundinvoice.co.uk/list_sectors/drone_imaging_invoice_finance_factoring_aerial_surveys_photographs.html - Finance Against Self Billing
Self billing is a system operated by some large organisations whereby they effectively raise their customer's sales invoices rather than the customer. To use the self bill system, both parties...
You still have to wait to get paid for these transactions so you may want to raise finance against them, that is repaid when the customer pays....
CONTACT US TO DISCUSS FINANCE AGAINST SELF BILLING...
You can receive invoice finance against self billing transactions....
The process of getting funding against a self bill is normally as follows:...
http://www.fundinvoice.co.uk/list_situations/finance-against-self-billing.html - How To Fund A Start Up Business
If you are struggling to raise finance to start a new business, invoice finance for startups could be an option for you, even if you have no trading history, have just one single customer, have been...
APPLY FOR NEW STARTUP FINANCE NOW...
Invoice finance can be a perfect way of financing a start-up, not all providers deal with new start businesses, but there are a number that do....
Most probably, yes! You need to be raising credit invoices to other businesses, that's about it. There are a few other criteria around the nature of your trade and your status/history but we can...
There are also differences in the criteria applied by different funders so we can put you in contact with those that will be able to help at the lowest cost rates available....
53% Recommend Invoice Finance To Fund New Startups...
The way startup invoice finance works is that:...
This can give you a working capital injection that you can use to fund your business day-to-day....
Alternatively, if you are worried that your sales may be sporadic, you can choose a selective facility, with no minimums, where you pick and choose which invoices to get funded. ...
So with a few invoices outstanding that totalled, for example, £5,000 you could receive say £4,250 immediately to use to pay creditors etc. (there are no limitations on what you can use...
Funding against your whole sales ledger can be accessed for an affordable fee (see details of how the costs work). However, you can avoid paying the cost for the whole year if you choose a selective...
Contact Sean on 03330 113622 for a discussion, in confidence and without any obligation, or APPLY ONLINE....
Video explaining our research about alternative sources of finance for new startup businesses:...
There are other ways of financing startups beyond using outstanding invoices, although this method is often most easily available to a new business. Startup finance may be possible by way of a...
Case studies, articles and infographics:...
http://www.fundinvoice.co.uk/list_situations/how-to-fund-a-start-up-business-invoice-finance.html - Research Summary Slides
A copy of the research programme summary slides, from my presentation to one of the high street banks, are now available in Powerpoint: Research Summary Presentation...
The slides cover an overview of some of our key findings over the last few years, including:...
http://www.fundinvoice.co.uk/main/bank_summary_slides_march_2015.html - Call me back
If you enter your name and telephone number below, click the button and we will call you back as soon as possible:...
PLEASE DO NOT USE THIS FORM TO OFFER US SERVICES OR PRODUCTS...
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http://www.fundinvoice.co.uk/main/call-me-back.html - Invoice Finance Quote Search Support Service
Invoice finance, factoring, and invoice discounting can significantly improve your company's cash flow....
FundInvoice is a multi-award-winning independent specialist that compares quotes and finds the best business funding and invoice finance facilities for UK companies....
FREE QUOTE SEARCH SERVICE ...
or call Sean Morrow on 03330 113622...
FundInvoice specialises in helping growing companies find the best business funding solutions, including business turnaround finance....
We have arranged tens of millions in funding support for UK companies....
We do all the work, and our comparison service has found customers substantial savings on the fees quoted elsewhere for invoice discounting and factoring....
Our simple 3-step brokering process to receive business funding is as follows:...
We work with providers across the UK market and are in touch with all the major UK funders. This means we receive details of their latest pricing offers....
Our team conducts ongoing service quality and invoice finance pricing research to help customers find the best invoice finance quotes. For an explanation of the costs and typical example prices, see...
This is an example of what one of our customers said after they used our service to compare invoice finance prices:...
"I would highly recommend FundInvoice when considering your company’s invoice & asset finance requirements.They took time to fully understand my needs and through tenacity and determination...
Read more of our customers' recommendations and testimonials about our team....
We are a small team of highly experienced independent business finance brokers, providing personal service to find you the funding or receivables financing that you need. Our clients deal directly...
Glenn Blackman & Sean Morrow...
We often arrange finance for companies that have been declined elsewhere and when others have failed to find options. We find finance facilities for SMEs, new startups, turnarounds and large,...
See how much money you could raise using our Invoice Finance Cash Calculator....
FundInvoice can help you find a range of different types of business funding solutions, including:...
For more details, testimonials and case studies, please download our Business Finance Information Pack...
For more insights into receivables financing in the UK, we recommend this British Business Bank article....
Subscribe to our free monthly magazine, FundingVoice, to receive two complimentary e-books: The Growth Marketing Playbook and The Startup Wizard....
Are you interested in earning a commission by referring invoice finance prospects to us? We offer opportunities to become an introducer and join our network. Contact us today to explore this...
http://www.fundinvoice.co.uk/main/index.html - Invoice Finance Cash Calculator
If your business has unpaid invoices, you could unlock immediate cash flow by using invoice finance. Our Invoice Finance Cash Calculator helps you estimate how much funding you can access against...
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Facilities such as invoice finance and factoring will release the cash tied up in your unpaid sales invoices. This calculator allows you to estimate the amount of money that could be released as...
Our tool is designed to give you a quick and easy estimate of the cash you could release from your invoices....
Here’s how it works:...
COMPARE QUOTES NOW...
Invoice finance is a flexible funding solution that allows businesses to release cash tied up in unpaid invoices. Instead of waiting 30, 60, or even 90 days for customers to pay, businesses can...
See our detailed Guide To Invoice Finance to find out how it works and see example pricing....
The amount of funding you can access depends on several factors:...
Use our Invoice Finance Cash Calculator above to get an estimate tailored to your situation....
Then you can:...
Invoice finance is ideal for businesses that:...
Want a personalised finance offer based on your business needs? Our team can help you find the best invoice finance provider with competitive rates....
📞 Call FundInvoice us now at 03330 113622 – No obligation, just independent expert support!...
Please note that this invoice finance and factoring cash calculator is only indicative of the level of funding that you might raise through invoice finance products such as factoring & invoice...
http://www.fundinvoice.co.uk/main/invoice-finance-cash-calculator.html - Legal Information & Disclaimer
Business details: This website is operated by FundInvoice LLP (‘we', ‘us', ‘our'). We are registered partnership number OC387824 registered in England and Wales, and...
Copyright: The copyright and database rights in all content included on this website are either owned by us or licensed to us. You are allowed to download, save or print out content for the purposes...
Fair use of our website: You must not use this website:...
Other people's rights: You must not use this website to transmit or upload or otherwise publish:...
Links to our website: In creating a link to this website please indicate that we are the source of the information by including an acknowledgement near to/in the link. Please also ensure that we are...
Accuracy of content: We take reasonable care to ensure that the information appearing on this website is accurate and up-to-date. However, errors and omissions may occur, and you should not take the...
IMPORTANT NOTICE - DISCLAIMER: This website provides general information and guidance only. The information and guidance may not always apply and should not be relied upon in place of specific advice...
Links to third-party websites: Any links to third-party websites are provided to you only as a convenience. The inclusion of any link does not imply endorsement of that website, and we are not liable...
We do not directly charge customers to use our quote search & support service to find products and services. We receive a commission from the provider of the service, should you wish to proceed...
http://www.fundinvoice.co.uk/main/legal_information.html - Links
NOTE: FundInvoice LLP cannot accept any responsiblity for the content of the sites listed below....
However, this is a list of links to other resources that you might find helpful:...
http://www.fundinvoice.co.uk/main/links.html - Construction Finance Quote Search Request
Please complete the following form to request a construction finance quote which can be funding against uncertified, or certified, applications for payment - and/or sales invoices....
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http://www.fundinvoice.co.uk/main/online-application.html - Online Asset Finance Quotation Search Request
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http://www.fundinvoice.co.uk/main/online-asset-finance-quotation-search-request.html - Online Quotation Search Request Form
Please complete the details below for an independent business or invoice finance quote search without any obligation (Note: the closed padlock in your browser confirms this is a verified, secure...
FundInvoice is a multi-award-winning firm of business finance specialists that has found significant cost savings for clients. We will not charge you to use our service (we are paid by the finance...
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http://www.fundinvoice.co.uk/main/online-quotation-search-request.html - Online Trade Finance Quotation Search Request
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http://www.fundinvoice.co.uk/main/online-trade-finance-quotation-search-request.html - Product Finder
Simply answer the following questions to identify the product that is right for you with our free finance product finder. If you just want a business loan, click here....
There is a maximum of 10 simple questions (most are Yes/No answers)....
Just click on the link below to begin:...
Link to Question 1...
http://www.fundinvoice.co.uk/main/prdct_finder.html - Privacy Policy
FundInvoice LLP (‘we', ‘us', ‘our') are committed to protecting and respecting your privacy. This policy sets out the basis on which any personal data we collect from...
For the purpose of the Data Protection Act 1998 (the ‘Act'), the data controller is FundInvoice LLP of registered office: 29 Gildredge Road, Eastbourne, East Sussex BN21 4RU. You can...
We may collect and process the following data about you:...
We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our...
For the same reason, we may obtain information about your usage of our websites by using a cookie file that is stored on the hard drive of your computer. Cookies contain information that is...
You may refuse to accept cookies by activating the setting on your browser which allows you to refuse the setting of cookies. However, this may affect the proper functioning of our websites....
Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data...
We use information held about you in the following ways:...
We may disclose your personal information to third parties as follows:...
You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if...
Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these...
The Act gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee, in some cases, to meet...
Any changes we make to our privacy policy in the future will be posted on this website and the revised policy will take effect once posted. Your continued use of this website after the posting will...
Questions, comments and requests regarding this privacy policy are welcomed and should be addressed to [email protected]...
http://www.fundinvoice.co.uk/main/privacy_policy.html - Product Not Found
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Sorry, we have not been able to identify a product matching your answers....
If you would like to talk to an adviser please click here and we will call you back....
If you would like to try again please click here....
If you would just like to proceed to our Online Quotation Search Request please click here....
http://www.fundinvoice.co.uk/main/product_not_found.html - Product Question 1
Do you want finance against plant, machinery or equipment?...
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http://www.fundinvoice.co.uk/main/product_question_1.html - Product Question 2
Do you want funding to pay for goods you are importing?...
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http://www.fundinvoice.co.uk/main/product_question_2.html - Product Question 3
Do you want to raise cash for your business?...
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http://www.fundinvoice.co.uk/main/product_question_3.html - Product Question 3a
Do you want to raise cash against all your debtor book or to select individual debtors?...
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http://www.fundinvoice.co.uk/main/product_question_3a.html - Product Question 4
Do you sell on credit terms to other businesses?...
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http://www.fundinvoice.co.uk/main/product_question_4.html - Product Question 5
Do you want help collecting in outstanding sales invoices?...
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http://www.fundinvoice.co.uk/main/product_question_5.html - Product Question 5a
Would you prefer that those helping you did it in the name of your business?...
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http://www.fundinvoice.co.uk/main/product_question_5a.html - Product Question 5b
Would you prefer your facility to be Confidential so your customers are unaware of it?...
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http://www.fundinvoice.co.uk/main/product_question_5b.html - Product Question 6
Do you want protection against bad debts?...
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http://www.fundinvoice.co.uk/main/product_question_6.html - Product Question 7
What is your annual UK sales turnover:...
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http://www.fundinvoice.co.uk/main/product_question_7.html - Product Question 8
What percentage of your sales are to businesses outside the UK?...
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http://www.fundinvoice.co.uk/main/product_question_8.html - Product Suggestion
We suggest that you need the following product. If you click "next" this information will be passed to our Online Quotation Search Request form....
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http://www.fundinvoice.co.uk/main/product_suggestion.html - Invoice Finance Special Offers
FundInvoice are in contact with all the major invoice finance companies within the UK, so we are aware of all the latest special offers and discounts, as they are launched - the current offers are...
For more general invoice finance pricing information see our article....
These are the special offers and discounts that are available at present (please note they may be subject to qualifications or conditions) don't forget to mention the offer you want on the...
Also, note that there may be other pricing offers or discounted terms available that we have not yet posted to our site. If you contact Sean on 03330 113622 he will be able to tell you of any...
*Offer is for a discount fee of 1% over base for 6 months, or 0% over base for 6 months if the customer also switches banking to the provider. Subject to terms & conditions and eligibility...
APPLY NOW...
APPLY NOW...
APPLY NOW...
APPLY NOW...
APPLY NOW...
APPLY NOW...
Conditions may apply to all offers and discounts above, they are only offered by particular providers, to new customers (unless otherwise stated). Contact us for details and specific conditions. Note...
Also see: Check My Invoice Finance Pricing...
If you would like to receive notification of new special offers by email please complete the form below (you can unsubscribe at any time - and we will not pass on your details to any third parties):...
http://www.fundinvoice.co.uk/main/special_offers.html - 100% Invoice Finance For Life
One of our funding partners has a special offer that gives new customers up to 100% funding levels (less charges), through invoice finance, for their life as a client....
APPLY FOR UP TO 100% FUNDING NOW...
The offer is only available temporarily and could be withdrawn at any time....
The following conditions apply:...
For full terms and to see if you are eligible please CONTACT US....
http://www.fundinvoice.co.uk/news/100-percent-invoice-finance-for-life.html - 35 Percent Invoice Finance Cost Savings
We have looked at all the prospects and clients, that we have handled over the last year, and of those that were looking for pricing improvements, we managed to find them quotes that would save them...
Cost savings were reached by calculating the annual cost, using the information provided by our client. The cost from their existing quotation or facility was then compared with that from the best...
http://www.fundinvoice.co.uk/news/35-percent-invoice-finance-cost-savings.html - 3 New Invoice Finance Research Articles
3 new articles have been added to the site. Each focuses on different aspects of our recent survey of invoice finance users. They include actual quotes from clients:...
http://www.fundinvoice.co.uk/news/3_new_invoice_finance_research_articles.html - ABFA December 2015 Client Numbers
New statistics from the ABFA (Asset Based Finance Association) to the end of December 2015, show factoring and invoice discounting (including export) client numbers grew by only 0.4% over the course...
Our research has consistently found that low levels of product awareness, and promotion / advertising, is failing to bring these cash flow solutions to all the SMEs that need them, despite the fact...
http://www.fundinvoice.co.uk/news/abfa-december-2015-client-numbers-asset-based-finance.html - ABFA Research Briefing
We were very pleased to be able to brief the Asset Based Finance Association (ABFA) on some of the findings from our invoice finance research programme. We have made our findings available to the...
This is a copy of the presentation that we walked them through: ABFA Invoice Finance Research Briefing...
http://www.fundinvoice.co.uk/news/abfa_research_briefing.html - April 2016 FundingVoice
You can now read the latest edition of FundingVoice magazine online: April 2016 FundingVoice...
Our offer of a free pen for anyone that requests a quote is included, a case study about a 42% cost saving we achieved for a client, single invoice finance and an article by GapCap about how cash...
http://www.fundinvoice.co.uk/news/april-2016-fundingvoice.html - September 2014 FundingVoice
The following articles are going to be included in the next edition of FundingVoice, due out in September 2014:...
http://www.fundinvoice.co.uk/news/articles_fundingvoice_sept_2014.html - Latest Average Cost Savings
We have looked at our performance recently and checked the statistics on the number of clients that we are able to help save money....
We found that we had managed to find a cost saving for 81% of the businesses that we spoke to - that is 4 out of 5, a significant majority....
Furthermore, we were able to deliver an average cost saving to our clients of 35% of the total fees that they were quoted elsewhere....
Full Details Of Savings Found For Clients....
Note: Savings updated to 29% as at November 2021 based on prior 3 years....
http://www.fundinvoice.co.uk/news/average_cost_savings_latest.html - Black Friday Offer
Here is our black friday offer:...
The good news is you can get this offer up until the end of November 2015, which is fast approaching....
For full details see here: Offer...
http://www.fundinvoice.co.uk/news/black-friday-free-invoice-finance-quote-saving-paid-in-advance.html - The 2021 BMF Awards Finalists Announced
The finalists for the 2021 Business Moneyfacts Awards have been announced, and we are delighted to hear in the announcement that FundInvoice has been confirmed as a finalist for the award "Invoice...
Please provide a testimonial to help us win the award here: NOW CLOSED....
This is the 7th consecutive time that we have been selected as finalists....
You can read more about the announcement, and see the lists of finalists in other key invoice finance-related categories here:...
Fundinvoice Finalists At BMF Awards 2021....
http://www.fundinvoice.co.uk/news/bmf-awards-2021-finalists-announced.html - BMF Awards Finalists 2018
FundInvoice is pleased to announce that we have been confirmed as "finalists" in the Business Moneyfacts Awards 2018....
You can read details of our nomination here: Business Moneyfacts Awards 2018....
The details of the winners will be announced in March 2018....
http://www.fundinvoice.co.uk/news/bmf-awards-finalists-2018.html - BMF Awards Pictures
FundInvoice were pleased to have been nominated as "Finalists" in the 2015 Business MoneyFacts Awards, within the category of "Best Asset Finance Broker"....
Below are a few pictures from the awards dinner....
Glenn Blackman and Sean Morrow of FundInvoice with David Willis and Steve Smith of Hitachi Capital Invoice Finance, who were "Commended" in the category "Best Factoring and Invoice Discounting...
Ed Byrne, the after dinner speaker at the Business MoneyFacts Awards 2015....
Glenn Blackman and Sean Morrow of FundInvoice - "Finalists" for Best Asset Finance Brokers 2015....
http://www.fundinvoice.co.uk/news/bmf_awards_2015_pictures.html - Business Show 2015
We recently attended the Business Show 2015 at ExCel and the connected Business Startup exhibition. There were a number of exhibitors offering help to new startup businesses, growing businesses and...
There was only one invoice finance company that we spotted at the show, but we met a number of useful contacts and a company that we may be able to help find invoice finance in the future (which was...
If you are a startup business looking for funding support, a fast-growing business or a business breaking into the export market, we can help....
http://www.fundinvoice.co.uk/news/business-show-2015-business-startup.html - Award Application Submitted
We have just completed and submitted our application to be considered for the Asset Based Finance Broker of the Year 2015 award. This is offered by Business Moneyfacts....
Hopefully our unique market research led approach and research contribution to the invoice finance industry will help us on our way!...
http://www.fundinvoice.co.uk/news/business_moneyfacts_broker_of_the_year_2015.html - Help For A Business That Previously Failed
We have just been able to help a business find a Confidential Invoice Discounting facility (CID) despite having previous business failures in the business' history. The company was struggling to...
Even if a business has failed to find an invoice finance company it is likely that we will be able to find a reputable invoice finance company that will provide you with finance as we have extensive...
Average savings achieved updated August 2018 to 34%....
http://www.fundinvoice.co.uk/news/confidential_invoice_discounting_previous_failures.html - Contract Finance
We can now help you access Contract Finance which can provide 80% against contracts, licenses, subscriptions and retainers - up to 12 months in advance....
http://www.fundinvoice.co.uk/news/contract-finance.html - Cost Savings Of 31 Percent On Invoice Finance Achieved
Over the last year, we are pleased to have been able to find average cost savings of 31% for clients....
These are projected savings found on the combined cost of service charge and discount charge (or the single fee where applicable), compared with invoice finance quotes sourced elsewhere....
Read about it here: average invoice finance cost savings....
AVERAGE SAVINGS UPDATED POST-PUBLICATION: AVERAGE COST SAVINGS ...
http://www.fundinvoice.co.uk/news/cost-savings-on-invoice-finance.html - FundingVoice December 2015
The latest edition of our free invoice finance magazine is now available to view online: FundingVoice December 2015....
http://www.fundinvoice.co.uk/news/december-2015-fundingvoice.html - Emergency Business Finance Due To Coronavirus
UPDATE: LOAN SCHEMES BBLS, CBILS AND RLS HAVE NOW CLOSED TO NEW APPLICATIONS - SEE ALTERNATIVES...
Thank you for your support. Like many, we are a small business that very much appreciates the ongoing support of our customers, introducers and panel of finance companies. They are keeping us going...
REQUEST BUSINESS FINANCE...
In response to the crisis, we have pulled together a number of resources to help businesses that are affected by the novel coronavirus outbreak, COVID-19. This news release is a compilation of all...
Our most recent edition of FundingVoice magazine contained a number of articles to support companies that have been affected....
At present, pretty much all aspects of life has been affected by the virus. At the time of writing, the UK is in lockdown, like many other countries, which is making normal trading very difficult for...
We have produced articles about a variety of different scenarios, where companies may find they need additional cash flow support, to get through this crisis. These are available for you to read, and...
http://www.fundinvoice.co.uk/news/emergency-business-finance-due-to-coronavirus.html - Energy Providers
We have had several enquiries recently from energy providers that are looking for finance. The deals often involve the need to collect by direct debit, which not all invoice finance companies can...
If you need similar help speak to Sean on: 03330 113622...
http://www.fundinvoice.co.uk/news/energy-providers.html - Everything About Invoice Finance
Our latest article is published: Everything you need to know about invoice or sales finance....
It sets out everything that you need to know about invoice finance, all in one place....
http://www.fundinvoice.co.uk/news/everything-about-invoice-finance.html - Factoring Clients Research
Results from our survey of existing factoring clients is now available online: Factoring Clients Survey Results...
The study looks at:...
http://www.fundinvoice.co.uk/news/factoring_clients_research_survey.html - Factoring Compared With Overdraft
We have a new spreadsheet calculator on the site - one that allows you to compare the cost benefits of using factoring with using a traditional bank overdraft. The calculator ensures that you take...
Calculator Comparing Factoring With Bank Overdraft...
The calculator takes into consideration factoring benefits such as:...
The model above will set out a clear comparison of factoring with overdraft....
http://www.fundinvoice.co.uk/news/factoring_compared_bank_overdraft_calculator.html - Factoring Cost Savings Calculator
We have added a factoring cost savings calculator to the site. It's an Excel spreadsheet that allows you to input the details of your business and it then calculates all the savings that you...
Feel free to download the calculator: Free Factoring Cost Savings Calculator ...
Or get more information about the factoring cost and how it is calculated....
http://www.fundinvoice.co.uk/news/factoring_cost_savings_calculator.html - FundingVoice February 2016
The February 2016 edition of FundingVoice magazine is now available online: Business Finance You Don't Repay...
It includes these articles:...
You can subscribe for free to future editions....
http://www.fundinvoice.co.uk/news/february-2016-fundingvoice.html - First Capital Factors In Administration
The factoring company, First Capital Factors Limited (FCF) has gone into Administration. Their website states that FRP Advisory LLP are the insolvency practitioners appointed as Administrators for...
It is sad to hear that an established, well known name within the sector has run into difficulties....
A quick search at companies house suggests that there are just shy of c. 150 trading businesses, with charges registered in favour of FCF. A quick look at the variety of industry sectors that they...
We understand that Leumi ABL are looking to continue facilities for the existing clients and the good news for existing clients of FCF is that there are plenty of alternative providers in the market...
If we can help you find alternative finance, please either call Sean on: 03330 113622 or request a call back....
http://www.fundinvoice.co.uk/news/first-capital-factors-in-administration.html - Credit Control Guide Published
Our new guide, how to do your own Invoice collection is now available online for you to read....
It includes everything you need to know about collecting your own invoices including:...
http://www.fundinvoice.co.uk/news/free-credit-control-invoice-collection-how-to-guide.html - Funding Help For Recruiters
A prime segment for receivables funding is the recruitment sector, both temporary staff and permanent staff. We have a new recruiters resource area on the site that has pulled together all the...
http://www.fundinvoice.co.uk/news/funding-help-for-recruiters.html - FundingVoice August 2015
The latest edition of FundingVoice magazine is now available: FundingVoice August 2015...
It includes:...
http://www.fundinvoice.co.uk/news/fundingvoice-august-2015-available.html - FundingVoice March 2016
FundingVoice magazine is now online for you to read. Please use the link in the right-hand column to subscribe for future editions: Help Moving Factoring Companies...
http://www.fundinvoice.co.uk/news/fundingvoice-march-2016-out.html - FundingVoice November 2016 Available
You can now read November 2016's edition of FundingVoice magazine on our website: Read the November 2016 edition...
This edition has a number of articles including:...
To make sure that you always receive our magazine, by email, each month please sign up, free of charge, as a subscriber....
http://www.fundinvoice.co.uk/news/fundingvoice-november-2016-available.html - FundingVoice Readership Has Grown
The readership of our monthly FundingVoice invoice finance online magazine has continued to grow. We have always sought to keep our readership to businesses that have a genuine interest in our...
This in turn has created a steady stream of new prospects and traffic to our website each month....
We have steadily grown our mailing list organically by adding interested parties, of which we now have more than 5,000 subscribers....
We do publish back issues on our website, but there is always a delay in getting these online. So if you would like to be kept up to date about the latest news within the invoice finance sector, as...
http://www.fundinvoice.co.uk/news/fundingvoice-readership-has-grown.html - FundingVoice Magazine 2nd Edition
We have scheduled the email delivery of the 2nd edition of Funding Voice magazine but you can read it online here: FundingVoice May 2014....
We decided that every alternate issue would focus on key articles so the next one will be a full edition....
http://www.fundinvoice.co.uk/news/fundingvoice_magazine_2nd_edition.html - 1066 Business Awards Finalists 2016
We are very pleased to announce that FundInvoice LLP have been nominated as "Finalists" in the 1066 Business Awards, for the category "Best Small Business 2016"....
We are very proud to be recognised, especially as these are local awards. It goes to show that you don't need to have huge numbers of staff and large amounts of investment to be recognised as a...
The winners will be announced, later this month, at an awards dinner....
We look forward to the results, and we have our fingers crossed!...
http://www.fundinvoice.co.uk/news/fundinvoice-1066-business-awards-finalists-2016.html - FundInvoice Are Business Moneyfacts Awards Finalists For The 11th Consecutive Year
FundInvoice has been confirmed as Finalists for "Invoice Finance Broker of the Year" at the forthcoming Business Moneyfacts Awards 2025 - this is the 11th consecutive year that we have made the...
We are very grateful to any customer, funder, or reader who provided a testimonial to support FundInvoice LLP....
The deadline for testimonial submission has now passed....
We were delighted to be confirmed as finalists for the 11th consecutive year. We appreciate all our readers, customers, and funding partners who provided a testimonial to support us....
Read more about what we have achieved over the last year....
After another successful year, FundInvoice LLP is proud to reflect on the milestones we’ve reached and the support we’ve provided to businesses across the UK....
We were honoured to receive our 3rd award at the European Enterprise Awards 2023, recognising our dedication to helping businesses secure the right funding solutions....
We had the privilege of moderating a panel at the Alternative & Receivables Finance Forum 2024, discussing key trends, innovations, and challenges within the sector....
This year, we’ve supported numerous businesses in accessing finance. See some recent case studies....
In addition to sourcing funding, we’ve continued to share valuable industry insights, tips, and guidance to help businesses navigate financial challenges. Our website remains a trusted source...
Our commitment to supporting UK businesses remains stronger than ever. Thank you to all our clients and partners for your trust. We hope we can count on your support by providing a testimonial to...
http://www.fundinvoice.co.uk/news/fundinvoice-11th-consecutive-year-as-bmf-awards-finalists-2025.html - We are 2020 Finalists for the Best Invoice Finance Broker award
FundInvoice has been confirmed as Finalists for "Best Invoice Finance Broker" at the forthcoming Business Moneyfacts Awards 2020 - this is the 6th consecutive year that we have been in the finals for...
Thanks to everyone who supported us with a testimonial....
http://www.fundinvoice.co.uk/news/fundinvoice-2020-finalists-best-invoice-finance-broker.html - BMF Awards Finalists 2016
We are delighted to announce that FundInvoice LLP is, for the 2nd year running, a "Finalist" for the Business MoneyFacts Awards 2016, in the category of Best Asset Based Finance Broker....
http://www.fundinvoice.co.uk/news/fundinvoice-bmf-awards-finalists-2016.html - FundInvoice BMF Awards Finalists 2017
We are delighted to announce that FundInvoice LLP has been announced as a "Finalist" in the Business Moneyfacts Awards 2017, for the third year running, this is in the category of Best Asset Based...
We are really pleased to be shortlisted for this award, for three consecutive years, and we look forward to the winners being announced in due course....
Being a small business, it is hard to compete against larger organisations within our sector so this type of recognition of our achievements is always very much appreciated....
http://www.fundinvoice.co.uk/news/fundinvoice-bmf-awards-finalists-2017.html - Fundinvoice Are Finalists For Best Invoice Finance Broker 2019
FundInvoice has been confirmed as a "Finalist" at the Business Moneyfacts Awards 2019, this is the 5th year running that we have made the finals. We are finalists in the category for "Best Invoice...
You can read details of our nomination here: FundInvoice Awards Finalists For The 5th Year Running...
http://www.fundinvoice.co.uk/news/fundinvoice-business-moneyfacts-awards-finalists-2019.html - Finalists 1066 Business Awards 2015
We are pleased to announce that FundInvoice LLP were nominated as "Finalists" in the 1066 Business Awards 2015....
The awards encompass Rother, Hastings, St Leonards, Rye, Battle, Ore and Bexhill. The awards dinner was held at the Bannatyne Spa Hotel Hastings on Friday 10th July 2015 and the headline sponsor was...
Glenn Blackman, a Partner in FundInvoice LLP, said: "We are really pleased to have been nominated as finalists for such a prestigious award, amongst such esteemed company from within our local...
http://www.fundinvoice.co.uk/news/fundinvoice-finalists-1066-business-awards-2015.html - FundInvoice BMF Awards Finalists
Glenn Blackman and Sean Morrow of FundInvoice LLP were delighted to attend the Business Moneyfacts Awards 2016 last night, where FundInvoice were confirmed as "Finalists", for the second year...
The awards dinner was hosted by Sue Perkins at the Lancaster Hotel London....
Glenn Blackman, a Partner in FundInvoice LLP, commented: "We were delighted to attend the awards dinner, and to be nominated as awards finalists, for the second year running. Our thanks goes to the...
http://www.fundinvoice.co.uk/news/fundinvoice-finalists-bmf-2016-dinner.html - FundInvoice Research Quoted By ABN AMRO in RealBusiness
It was great to see a recent article by ABN AMRO Commercial Finance, published in RealBusiness, quoting some of our research about fast growth businesses using invoice finance....
Article: Why High Growth Companies Are Missing Out On Funding...
Article: The Best Sources Of Finance For Fast Growth Companies...
Article: 68% Would Recommend Invoice Finance To High Growth Companies...
http://www.fundinvoice.co.uk/news/fundinvoice-quoted-abn-amro-commercial-finance-realbusiness.html - FundInvoice 2 Years Old
Happy Birthday to FundInvoice! Two years old today. Time to celebrate!...
http://www.fundinvoice.co.uk/news/fundinvoice-two-years-old.html - FundInvoice Win Best Invoice Finance Brokers UK 2021
We are delighted to announce that we have won an award at the European Enterprise Awards 2021. FundInvoice LLP has been confirmed as the winner of the award for "Best Invoice Finance Brokerage - UK"....
This comes shortly after being confirmed as a Finalist for the 8th consecutive year, for Invoice Finance Broker of the Year 2022 at the Business Moneyfacts Awards. The winner of that shortlist will...
Amazing news to have been recognised in both sets of awards....
We are over the moon to have been confirmed as the winners of this particular award. It is always great to hear that someone found us worthy to be nominated in the first place. We then went through a...
You can read confirmation of the announcement here on the EEA site: FundInvoice - Best Invoice Finance Brokerage - UK....
The team at FundInvoice would like to thank everyone who has provided testimonials on our behalf, we appreciate your continued support. The news of this award comes off the back of a year of growth...
Whilst we offer the full range of business financing options to companies across the UK, we specialise in forms of receivables finance such as invoice finance, factoring and invoice discounting. This...
Thanks again for all your support!...
Glenn & Sean...
http://www.fundinvoice.co.uk/news/fundinvoice-win-award-best-invoice-finance-brokerage-uk-2021.html - FundInvoice Wins 3rd Award Invoice Finance Quote Specialists Of The Year UK 2023
Glenn Blackman and Sean Morrow the Partners at FundInvoice LLP are delighted to announce that they are the winners of another award at the EEAs 2023....
The award is for "Invoice Finance Quote Specialists Of The Year - UK" at the European Business Awards 2023. This is the 3rd year running that we have won an award at the European Enterprise Awards....
This comes shortly after being confirmed as a Finalist for the 10th consecutive year, for "Invoice Finance Broker of the Year" at the 2024 Business Moneyfacts Awards. The winner of that shortlist...
We are very pleased to have won an award for the 3rd time....
In response to receiving the award, Glenn Blackman said:...
"Our team are overjoyed to have received a third consecutive award at the EEAs 2023. Getting this type of recognition drives us forward to achieve even more. Our mission is to bring the best business...
"Our business has grown and our business finance quote search service has consistently achieved huge average cost savings for clients. We have been delighted to continue to enjoy high average...
You can read more about our win here - FundInvoice Wins Third Award...
Thanks again for all your support!...
Glenn & Sean...
This is the trophy that we received for the award (also shown with the 2 previous awards from 2022 and 2021):...
http://www.fundinvoice.co.uk/news/fundinvoice-wins-3rd-award-invoice-finance-quote-specialists-2023.html - FundInvoice Wins Customer Service Excellence Award 2024
We are pleased to announce that FundInvoice LLP has won another Customer Service Excellence Award. The award is for Invoice Finance Quote Specialists of the Year 2024 - UK at the EEA Customer Service...
This Client Service Excellence Award 2024 is for "Invoice Finance Quote Specialists Of The Year - UK" at the European Business Awards 2024. This is the 4th year running that we have won an award at...
This comes shortly after being confirmed as a Finalist for the 11th year running, for "Invoice Finance Broker of the Year" at the 2025 Business Moneyfacts Awards. The winner of that shortlist will be...
We are very pleased to have won another Customer Service Excellence Award....
Glenn Blackman commented on the award:...
"We are honoured to receive a Customer Service Excellence Award at the EEAs 2024! Winning for another consecutive year is a testament to our commitment to helping UK businesses access the best...
"Our team works tirelessly to secure cost-effective funding options, and it’s incredibly rewarding to see the impact we make - both in the savings we deliver and the positive feedback from our...
"A huge thank you to our clients, finance partners, and supporters who continue to trust and endorse our service. Your feedback and testimonials drive our success, and we remain dedicated to finding...
You can read more about our win on the EEA site - FundInvoice Wins Customer Service Award...
Thank you once again for all your support!...
Glenn & Sean...
http://www.fundinvoice.co.uk/news/fundinvoice-wins-4th-customer-service-award-2024.html - FundInvoice Wins Invoice Finance Quote Search Services Provider Of The Year UK 2022
We are delighted to announce that we have won a second award, this time at the European Enterprise Awards 2022. FundInvoice LLP has been confirmed as the winner of the award for "Invoice Finance...
This comes shortly after being confirmed as a Finalist for the 9th consecutive year, for Invoice Finance Broker of the Year 2023 at the Business Moneyfacts Awards. The winner of that shortlist will...
We are very pleased to have won for a second time....
You can read more about it here - FundInvoice Wins Second Award...
Thanks again for all your support!...
Glenn & Sean...
http://www.fundinvoice.co.uk/news/fundinvoice-wins-invoice-finance-quote-search-services-of-the-year-uk-award-2022.html - Finalists Business MoneyFacts 2015
We are pleased to announce that FundInvoice LLP is a finalist in the Business MoneyFacts Awards 2015, in the category: "Best Asset Based Finance Broker"....
The winners will be announced on the 19th of March 2015, at a black-tie dinner at the Lancaster Hotel, London....
Glenn Blackman, a Partner in FundInvoice LLP, commented on the nomination: "It is excellent news to be shortlisted as finalists for such a prestigious award. It is also great that our efforts to...
http://www.fundinvoice.co.uk/news/fundinvoice_finalists_business_moneyfacts_broker_of_the_year_2015.html - Fund Invoice Website Launched
The team at FundInvoice LLP are delighted to announce the launch of this newly revamped website....
The site will encompass all of the following:...
Please bookmark our news page for updates....
http://www.fundinvoice.co.uk/news/fundinvoice_launched.html - FundInvoice Ratings And Reviews
We have added a new page to the site where customers and prospects can submit ratings and reviews about FundInvoice LLP. You will see that across the first few reviews we have received a rating of 5...
FundInvoice Ratings & Reviews...
To submit a review just email your contact details, comments and a rating our of 5 (with 5 being excellent) to: [email protected]...
http://www.fundinvoice.co.uk/news/fundinvoice_ratings_reviews.html - Golden Hello Offer
One of our funding partners has offered a generous incentive scheme, exclusively available through FundInvoice. They will pay, invoice finance users that switch to them for a cost saving, up to...
REQUEST A CALL BACK or speak to Sean on 03330 113622 to find out how much you could receive....
For full details of the offer: Golden Hello...
http://www.fundinvoice.co.uk/news/golden-hello-invoice-finance-cost-savings-offer.html - Golden Hello Offer First Quote
Under our exclusive "Golden Hello" invoice finance offer, the first customer has just been quoted a saving of £4,000 per annum, that they are eligible to receive as an up front payment when...
So to be clear, if the client moves from their existing invoice finance company to the one making this offer, they will save approximately £4,000 per annum on their invoice finance costs. The...
The offer is for invoice finance users that switch to the provider that is currently making this offer and it is only available through FundInvoice. The maximum payment available is £10,000 -...
For details call Sean on: 03330 113622 or REQUEST A CALL BACK...
http://www.fundinvoice.co.uk/news/golden-hello-offer-first-quote.html - GapCap Guest Blog Post About Cash Flow Problems
Julian Hornby, of GapCap, one of our selective invoice finance partners, has kindly provided a guest post for our blog. The post details how cash flow problems can be the silent assassins of SMEs and...
You can read the full blog post here: GapCap Cash Flow Problems Guest Blog Post....
http://www.fundinvoice.co.uk/news/guest-post-blog-gapcap-cash-flow-problems.html - How To Overcome Late Payment Excuses
We have a new guide explaining how to overcome common late payment excuses that you may hear from debtors, when you chase outstanding invoices....
How To Overcome Late Payment Excuses...
This builds on our archive of materials about Good Credit Control....
http://www.fundinvoice.co.uk/news/how-to-overcome-late-payment-excuses.html - How Businesses Find Invoice Finance
We have asked existing invoice finance users how they found their way to products like factoring and invoice discounting and our findings are set out in this article: How Businesses Find Invoice...
In addition to a full break down of the channels that they used, quotes are also included from actual invoice finance clients....
http://www.fundinvoice.co.uk/news/how_businesses_find_invoice_finance_article.html - Innovation Finance Startup Finance
Here is a link to our interview with Innovation Finance about their small business finance product for funding new start-ups....
Small Start-up Finance...
http://www.fundinvoice.co.uk/news/innovation_finance_small_business_startup_finance.html - No Personal Guarantees
If you are looking for invoice finance, or factoring, without personal guarantees one of our funding partners has just launched a product that may be of interest to you....
Invoice finance WITHOUT PERSONAL GUARANTEES from directors providing:...
For more details, and to see if you qualify, call Sean on 03330 113622 or request a call back....
http://www.fundinvoice.co.uk/news/invoice-finance-no-personal-guarantees.html - Invoice Finance Research Report
Our latest market research report, regarding the invoice finance sector, is now available for you to download in PDF format: Invoice Finance Market Research Report July 2015...
The free report sumarises the most recent findings from our invoice finance market research programme (and some other research studies) between January 2015 and July 2015. The report includes...
http://www.fundinvoice.co.uk/news/invoice-finance-research-report-july-2015.html - Invoice Auction
An invoice auction is an option open to clients. As an alternative to an ongoing arrangements, some clients prefer the flexibility of being able to raise funding against a single invoice or batches...
If you would like to look at the invoice auction option for your business please get in touch with us....
http://www.fundinvoice.co.uk/news/invoice_auction.html - Invoice Discounting Clients Research News
The first results of our survey of invoice discounting users are now available:...
Invoice Discounting Clients Survey...
http://www.fundinvoice.co.uk/news/invoice_discounting_clients_research_online.html - Invoice Discounting Survey
We are just finishing the analysis of the findings from our invoice discounting client survey. We interviewed 54 randomly selected existing invoice discounting users and asked them about their...
A summary of our findings will follow shortly....
http://www.fundinvoice.co.uk/news/invoice_discounting_survey.html - Market Research Summaries Available
We have added a new area to the site: Invoice Finance Market Research. Where we have put links to our three research summaries to date and we will add new material as we publish it....
http://www.fundinvoice.co.uk/news/invoice_finance_market_research_summaries_available.html - Market Research Summary 2015
You can now download a PDF summary report of the research that we have carried out, relating to invoice finance, over the past couple of years....
The report includes highlights of:...
Download the report for free here: Invoice Finance Market Research Summary 2015...
http://www.fundinvoice.co.uk/news/invoice_finance_research_summary_2015.html - FundingVoice January 2016
The latest edition of our FundingVoice magazine is now available online: FundingVoice January 2016....
It includes:...
http://www.fundinvoice.co.uk/news/january-2015-fundingvoice.html - July 2015 FundingVoice Magazine
The latest edition, July 2015, of FundingVoice magazine is now available online: FundingVoice July 2015...
It includes the following articles:...
Our thanks to MarketInvoice and Cash Flow Professionals for their article contributions....
If you would like to contribute an article to the next edition, please get in touch....
http://www.fundinvoice.co.uk/news/july-2015-fundingvoice-magazine.html - Invoice Finance Advertising
We have a new article on the site which sets out the list of UK invoice finance companies that our study found were actively advertising, to take on new clients. Of course, this doesn't mean...
You can read more details here, about the percentage of businesses that had seen any adverts by invoice financiers, and who they said they had seen ads from List Of Which Invoice Finance Companies...
http://www.fundinvoice.co.uk/news/list-of-which-uk-invoice-finance-companies-are-advertising.html - List Of UK Factoring Companies
Here is a list of factoring companies within the UK, if you have any to add please get in touch. We would be happy to put you in touch with any of these factoring companies or give you contact...
http://www.fundinvoice.co.uk/news/list_of_factoring_companies_uk.html - FundingVoice March 2015
You can now view the latest edition of FundingVoice magazine online: FundingVoice March 2015...
It includes:...
http://www.fundinvoice.co.uk/news/march_2015_fundingvoice_available.html - New Partnership With A Full Service Marketing And Design Agency
We are delighted to announce that we have partnered with "In Association", a full-service marketing and design agency, to provide our clients with access to a full range of marketing services, to...
CONTACT IN ASSOCIATION to discuss how they could help you....
In Association, have been established for over 25 years. The Bromley-based agency boasts an impressive list of clients. Glenn Blackman, one of our Partners, has worked directly with them, on client...
In Association can offer our clients access to an extensive list of marketing services, including full guidance and support:...
To discuss how the team can help you grow your business, please: request a call back from In Association....
http://www.fundinvoice.co.uk/news/marketing-design-agency-in-association.html - Mathematical Factoring News
We have had a number of web viewers looking for information and help with mathematical factoring, the division of numbers into their factors. Therefore we have added a page with links to mathematical...
http://www.fundinvoice.co.uk/news/mathematical_factoring_resources_calculator.html - May 2016 FundingVoice
The May 2016 edition of FundingVoice magazine is now available online. It has several pricing example for all the various products such as:...
In addition there is a link to our latest offers page (see the button to the right of this page, where you can also subscribe to receive future editions of the magazine, free of charge)....
http://www.fundinvoice.co.uk/news/may-2016-fundingvoice-magazine.html - Minimum Contract Period 7 Days
We always endeavour to bring you the latest deals and offers - this is very much "hot off the press"....
One of our mainstream invoice finance partners is now offering just a 7 day minimum contract period for their invoice finance facilities. They are clearly confident in the service that they provide...
If you are looking for invoice finance but don't want to be tied in contractually for long periods of time, this could be the answer for your business....
http://www.fundinvoice.co.uk/news/minimum_contract_period_7_days.html - More Confidential Factoring Options
We are always looking out for new products and another provider has just joined our panel offering a full Confidential Factoring service....
This service includes:...
For details speak to Sean on: 03330 113622...
http://www.fundinvoice.co.uk/news/more_confidential_factoring_options.html - Mystery Shopper Full Report
This is the full report from our invoice finance mystery shopper survey that was completed in August 2014:...
Invoice Finance Mystery Shopper Report - August 2014...
The study included Confidential Invoice Discounting, Recourse Factoring and Non Recourse factoring quotations from our panel of invoice finance companies....
http://www.fundinvoice.co.uk/news/mystery_shopper_full_report_oct_2014.html - News
[LIST DO NOT DELETE!]...
http://www.fundinvoice.co.uk/news/news.html - Factoring Used To Buy Out A Company Director
Our latest case study is now available and covers the use of factoring to raise finance to buy out a company director....
Read the full case study here: Factoring Used To Buy Out A Company Director...
http://www.fundinvoice.co.uk/news/news_buy_out_company_director_factoring.html - Construction Project Finance
We have just published a new article about Construction Project Finance, the article explains this alternative to method of finance to using bank loans and bank overdrafts to finance construction...
Construction Project Finance Article...
http://www.fundinvoice.co.uk/news/news_construction_project_finance.html - New Construction Project Finance Alternatives
There are very few invoice finance companies that will handle construction sector businesses. The issue with finance in this sector is that construction sector projects are often complex in nature....
Another of our funding partners has just moved into the construction arena offering another option for clients which is welcome. As with some of the other construction project finance providers, this...
For more information about construction sector finance please see this link: https://www.fundinvoice.co.uk/finance/construction-finance.html...
http://www.fundinvoice.co.uk/news/news_construction_project_finance_alternatives.html - Drone Imaging Invoice Finance
We are able to find invoice finance for the growing sector of businesses providing drone photography, imaging and video services: Drone Photography Invoice Finance...
http://www.fundinvoice.co.uk/news/news_drone_photography_invoice_finance.html - Funding Voice Articles Available
We are getting ready to publish the first edition of our new cash flow magazine "Funding Voice Magazine". These are links to articles that are now available via the Funding Voice Magazine section of...
http://www.fundinvoice.co.uk/news/news_new_funding_voice_articles.html - Updated Info Pack
We have updated our brochure, information pack which you can download (in PDF form) here: FundInvoice Brochure Info Pack...
The pack contains information about:...
http://www.fundinvoice.co.uk/news/new_info_pack.html - New Spot Factoring Case Study
We have a new case study on the site about a client that we helped find a spot factoring facility: Spot Factoring Case Study...
FundInvoice provide a independent advice and search service for spot factoring....
http://www.fundinvoice.co.uk/news/new_spot_factoring_case_study.html - New Start Ups Financing Infographic
We have added a new infographic which summarises the findings from a financing related market research survey of 100 randomly selected new start businesses (started trading within the last year)....
New Start Ups Financing Infographic...
http://www.fundinvoice.co.uk/news/new_start_ups_financing_inforgraphic.html - Next FundingVoice Magazine
The next edition of FundingVoice magazine will be sent out in early September 2014 to avoid the holiday period during August....
This edition has some pricing information about Confidential Invoice Discounting, invoice finance related advertising news from Bibby Financial and an interview with Innovation Finance about their...
To subscribe, follow the link in the left hand column....
http://www.fundinvoice.co.uk/news/next_fundingvoice_sept_14.html - November 2015 FundingVoice
The November 2015 edition of FundingVoice magazine is now available: FundingVoice...
http://www.fundinvoice.co.uk/news/november-2015-fundingvoice.html - October 2015 FundingVoice
The latest edition of our magazine, FundingVoice, is now available to read online: FundingVoice October 2015...
It includes:...
http://www.fundinvoice.co.uk/news/october-2015-fundingvoice.html - October 2014 Funding Voice
The latest edition of FundingVoice Magazine is now available: October 2014 FundingVoice...
It includes:...
http://www.fundinvoice.co.uk/news/october_2014_fundingvoice.html - Quick Quote
If you need a quick quote for invoice finance we have now added a much shortened form into the right hand column of our website so you can get a quick quote by giving minimum information....
All you need to do is complete the very basic details (enter the word you see displayed - to counter the spammers!) and we will get back to you to discuss a quote for invoice finance, factoring or...
The form appears on most pages around the FundInvoice site so its easily accessible where every you are. You also still have the option to request a call back if you are looking for some invoice...
http://www.fundinvoice.co.uk/news/quick_quote_invoice_finance.html - Reasons Invoice Discounting Clients Switch
The reasons why invoice discounting clients say they will switch was just cant companies are detailed in our recently published set of results from our survey of existing clients....
Reasons To Move Discounters...
If you are looking to move between invoice discounters, we can help you through our quotation service....
http://www.fundinvoice.co.uk/news/reasons_invoice_discounting_clients_switch.html - Reasons To Move Factoring Companies
New results from our survey of factoring users - details of what would make them move between different factors: Reasons To Move Factoring Companies...
http://www.fundinvoice.co.uk/news/reasons_to_move_factoring_companies.html - Research Summary Presentation
I have uploaded an abridged copy of our research summary presentation that was given to one of the high street banks that asked for an overview of the findings from our market research programme....
It covers:...
The presentation is in PowerPoint and can be downloaded here: Powerpoint Research Summary Presentation for High Street Bank...
http://www.fundinvoice.co.uk/news/research_summary_presentation.html - Secure SSL Certificate Added
We have added a secure, SSL certificate to our website to give customers confidence when dealing with us over the web. You will see that a secure padlock appears in your browser when you visit our...
For more information about ways to confirm our credentials please see: About FundInvoice...
http://www.fundinvoice.co.uk/news/secure-ssl-certificate-added-fundinvoice.html - Secure Trust Bank Commercial Finance
An article in Credit Today published yesterday explains that Arbuthnot Banking Group have launched a new invoice finance venture - Secure Trust Bank Commercial Finance which is part of Secure Trust...
The new invoice financing arm is to be headed up by John Bevan, formerly of RBS and Barclays....
An interesting move as I recally starting to work for Bexco, a trade finance company that was formerly part of their factoring organisation, in the late 80's. That was sold to Barclays around...
Souce: http://www.credittoday.co.uk/article/17418/online-news/secure-trust-the-latest-challenger-to-enter-sme-invoice-finance-...
http://www.fundinvoice.co.uk/news/secure_trust_bank_commercial_finance.html - Invoice Finance Companies Research On Squidoo
I have put together another summary of some of our research findings about invoice finance companies on Squidoo....
The results are the top rated invoice finance companies, as rated and reviewed by their clients in one of our surveys. There are also some new findings from our Mystery Shopping research for invoice...
The article also has the possibility of generating income via Squidoo which we have elected to donate to charity, specifically Child Aid....
UPDATED 10/06/15 - SQUIDOO HAS NOW BEEN AMALGAMATED INTO HUB PAGES...
http://www.fundinvoice.co.uk/news/squidoo_research_invoice_finance_companies_charity.html - Startups 100 2014 Entry
We have entered FundInvoice for consideration for the Startups 100 list. #startups100...
The Startups 100 index lists the UK’s 100 most exciting, inspiring and disruptive new businesses, and each year seeks to identify the country’s top start-up talent which demonstrate...
These are a few extracts from our entry:...
Sum up what your business does: FundInvoice Is The UK's 1st Research Based Invoice Finance Advice And Search Service And Publishers Of FundingVoice Magazine....
How did you come up with the idea?: Having worked for many years within the invoice finance sector we had conducted extensive amounts of market research around the industry and business funding in...
The results are due out in May 2014 so our fingers are crossed!...
http://www.fundinvoice.co.uk/news/startups_100_2014_entry.html - Startups 100 2015 Entry
FundInvoice has submitted its entry for the Startups 100 List 2015....
The list is compiled of the top 100 most exciting and innovative new startups within the UK, that have been launched within the last 3 years. Our entry was based on having launched the UK's 1st...
Once again, our fingers are crossed!...
http://www.fundinvoice.co.uk/news/startups_100_2015_entry.html - Testimonials From Well Known Companies
In addition to providing testimonials from client we thought it would be good for clients to be able to read testimonials, about FundInvoice, from well known banks and invoice finance companies that...
The link above will take you to a page with testimonials and letters of thanks from Hitachi Capital and Lloyds Bank....
http://www.fundinvoice.co.uk/news/testimonials_from_banks_invoice_finance_companies.html - Updated Information Pack
An updated version of our PDF information pack is now available to download....
It includes:...
http://www.fundinvoice.co.uk/news/updated-fundinvoice-information-pack-july-2015.html - Vote In Business MoneyFacts Awards 2015
FundInvoice LLP are finalists for the Best Asset Based Finance Broker of the Year 2015 in the Business MoneyFacts Awards and voting has opened today for the winner!...
http://www.fundinvoice.co.uk/news/voting_opens_business_moneyfacts_awards_2015.html - Sources Of Finance For Startups
Our latest video, now available on our YouTube channel, is "Alternative Sources Of Finance For New Start-up Businesses"....
It covers the funding restrictions we found amongst new start-ups during our research, and invoice finance as an alternative source of finance to using bank overdraft:...
http://www.fundinvoice.co.uk/news/youtube-alternative-sources-finance-startups.html - Latest Average Cost Savings
At FundInvoice LLP, we are delighted to announce a remarkable achievement over the last few years. Through our dedicated quote search service, we have successfully secured substantial cost savings...
We compared the combined invoice finance service charge and discount charge of quotes we sourced, against those sourced elsewhere (other charges were excluded)....
Our invoice finance clients have on average enjoyed:...
Check how much we can save you before you commit to any business financing arrangement....
GET A PRICE CHECK NOW...
At FundInvoice, our mission extends beyond merely finding customers invoice finance solutions; we are committed to surpassing the rates quoted by other brokers or financial institutions. To gauge our...
We conducted an extensive review covering the period above, encompassing all the prospects over that period. During this analysis, we examined cases where customers already had existing quotes. We...
The implications of this achievement are significant. If you currently hold a price quote from an invoice finance company for invoice factoring or invoice discounting, or if you have an existing...
Our extensive network of funders plays a pivotal role in achieving these substantial cost savings. We leverage our strong connections to identify opportunities for reducing your financial burdens....
We understand that cost is just one aspect of the equation. In addition to delivering unparalleled savings, we also utilise our expansive network to enhance other aspects of your invoice financing...
Our commitment to excellence extends to every facet of your invoice finance experience, ensuring that we not only save you money but also optimise the terms and conditions of your facility to cater...
At FundInvoice we are your dedicated advocates, committed to delivering unmatched savings and improved terms for your invoice finance needs. Take advantage of our expertise and extensive network to...
Get in touch with us today and embark on a journey towards a brighter financial future call us on 03330 113622 for a confidential quote search with no obligation to proceed....
http://www.fundinvoice.co.uk/pricing/latest-average-cost-savings-for-invoice-finance-quotes.html - How To Finance A Recruitment Agency
It is very common for recruitment consultants to start working for large agencies and start their own business at some point....
By working for a large recruiter, a consultant learns how the industry works but, more importantly, builds up a portfolio or list of clients and relationships with a network of potential candidates....
If you want to run your own business, this can be a basis on which to learn what you need to know to be able to start your own agency....
As this career path is so common, there are specialist recruitment outsourcers that can undertake all the back office processing for you, e.g. accounting and payroll management, They will literally...
If you are thinking of starting a new recruitment agency, financing your new venture may be one of your concerns. Below, we have set out our research about the types of finance that recruitment...
These are the benefits and drawbacks of each of those approaches:...
The majority told us that they had used their own money to fund their startup. The benefit of this is that it is, of course, the cheapest way - no interest charges or other fees to worry about. The...
Self-funding also eats away at your personal resources rather than making your business stand on its own feet....
These are widely used and understood as simple by businesses. With an overdraft, you have a set amount that you can borrow via your current account. They get charged for the time that you use those...
In the case of a bank loan, again, it's a fixed sum, unlike an overdraft, which is repaid over an agreed period known as the term of the loan. The repayments include an additional interest...
These types of finance can be difficult to get these days, or the amount of finance that you can access, using these methods, can be limited if you are a new business, without any tangible security...
1 in 6 recruiters use this type of recruitment invoice finance, 20 times more than our estimates of the national average....
There is of course a cost to using invoice finance, as with any external source of funding. Some people are worried that invoice finance will be expensive but we found a 165% swing in pricing between...
The finance is provided against your unpaid sale invoices, as you raise them, so it grows as you increase your turnover. Your invoices are the security, so you don't need to have any property or...
Over half of the recruiters are concerned about late payments by customers, so this type of funding has the added benefit of tackling that issue i.e. you get the majority of the invoice value upfront...
The pros and cons are probably very similar to using your own money, unless, of course, your family are going to charge you to use the money. It has the added drawback of not being your own money, so...
For a confidential discussion about the options, with an independent adviser, please call Sean on 03330 113622 or request a callback....
http://www.fundinvoice.co.uk/recruitment/how-to-finance-a-recruitment-agency.html - Myths About Invoice Finance For Recruiters Debunked
This article debunks a number of myths about invoice finance for recruiters. We identified these misconceptions during a piece of research into sources of funding for local recruitment companies. It...
Myths about recruitment invoice finance:...
Wrong. Our research found that a high proportion of recruitment agencies use invoice finance already - some 20 times the national average amongst businesses generally (according to our estimates). We...
Wrong again, you can. The beauty of IF is that eligibility is based on the strength of your sales debts, not your business. Financiers will overlook your poor credit history if you have simple,...
It doesn't have to be. Prices start from a single fee of £3,500 + VAT per annum to fund against all your invoices, or you could just select invoices that you want funded and pay just for...
Also, we have been able to find business's cost savings on prices quoted by others. On average we have been able to save c. 34% of the fees for clients. It is therefore highly likely that we...
Not necessarily. Personal guarantees are often requested by IF companies. However, in many circumstances, they will limit their value, and in some cases, they will accept just a fraud warranty (an...
We came across several businesses that said they were going to use it once they were bigger. There is no minimum size criterion to use IF. On the basis that there are providers that will allow you to...
Hopefully, that has answered some of the misconceptions that we have come across. Also, take a look at Part 2 for more debunked myths....
If you would like any further help finding a suitable service provider please contact us or call Sean on 03330 113622....
Source: East Sussex & Kent Recruitment Finance Survey (100 Respondents) - June 2016...
http://www.fundinvoice.co.uk/recruitment/myths-about-invoice-finance-for-recruiters-debunked.html - Myths About Factoring For Recruiters Debunked
Following my article debunking myths about invoice finance for recruiters, this one looks at some of the misunderstandings and myths about factoring for recruiters. I have included an infographic...
Gone are the days when recruiters tended to be paid by customers on very short credit terms. Credit periods have dragged out and payment delays are common. Things are now so bad that our research...
One way of speeding up payments from customers may be improving your own credit control procedures, which could improve your debt turn by getting payments in quicker. Perhaps by pre-dunning, where...
As an alternative, you could use a factoring company to bridge the payment gap. The recruitment factoring company will provide prepayments against your sales invoices when you raise them, effectively...
In addition, many companies find that factors are better at collecting money and can speed up their debt turn as they tend to employ highly skilled, professional credit control staff that knows every...
It doesn't have to be. Factoring prices start from a single fee per annum to fund against all your invoices, or you could just select invoices that you want funded and pay just for those,...
However, our research has revealed that there are dramatic differences between the cheapest and most expensive factoring quotes. We found a 165% swing between the cheapest and most expensive in a...
Not necessarily. If you don't want to factor all your invoices, then you can use what is called selective, or spot, factoring, which typically does not have any contractual lock-ins. You just...
Even if you want all your invoices funded, many factors now offer short notice of termination periods and not all will place a minimum turnover requirement on your business....
Hopefully, that has laid to rest a few of the many misconceptions that we have come across....
If you would like any further help finding a suitable factoring company, please contact us or call Sean on 03330 113622....
Source: East Sussex & Kent Recruitment Finance Survey (100 Respondents) - June 2016 & Factoring Prices Mystery Shopper Study January 2017...
http://www.fundinvoice.co.uk/recruitment/myths-factoring-for-recruiters-debunked.html - Recruitment Invoice Finance
Recruitment companies, both temporary staff placements and permanent placements, are frequent users of recruitment invoice finance. Often referred to as "payroll finance" in this sector it can be an...
Invoice finance for UK recruitment firms dramatically improves the working capital position of recruiters by getting their sales invoices for placement commissions paid immediately by the finance...
GET A PAYROLL FINANCE QUOTE ...
(without obligation) or call Sean on 03330 113622...
Recruitment invoice finance is available against temporary placements and permanent placement invoices. It can help both established and new startup recruiters, where funding against their payroll...
In fact, our research (see below) found that 17% of staff agencies in the UK use this type of finance. This is more than 20 times the national average - by our estimation, so payroll finance is very...
Recruiters constitute the second largest industry sector currently using these products to fund their business growth....
This page pulls together all the relevant resources and information about finance for recruitment companies, staff agencies and recruiters based in the UK....
Recruitment companies often face cash flow challenges due to the nature of the recruitment cycle. Placing candidates and invoicing clients creates a time lag between paying your staff and receiving...
Recruitment Company Finance refers to a range of financial services tailored specifically for recruitment agencies. These recruitment funding solutions include:...
By leveraging these recruitment finance solutions, recruitment companies can focus on their core operations, such as placing candidates and growing their client base, while leaving cash flow concerns...
Use the button below to arrange a call back to discuss the available financing options....
DISCUSS FINANCE OPTIONS...
For recruitment agencies focused on placing temporary staff, managing cash flow can be particularly challenging. The need to pay temp workers weekly, while clients may take weeks or even months to...
Funding temporary staffing invoices offers a tailored solution to bridge this gap, ensuring that your agency can cover wages and operational costs without delay. By securing invoice finance...
This type of invoice funding can be especially valuable for agencies experiencing rapid expansion, as it scales with the volume of temporary placements with improved cash flow from funding contract...
Whether you’re placing temps in high-demand roles or managing seasonal staffing demands, funding solutions for temp invoices help sustain your operations and provide the flexibility to take on...
The process for funding temp invoices is straightforward and tailored to the operational needs of recruitment firms. Once you issue invoices for temporary placements, a finance provider advances a...
This immediate injection of cash flow not only supports payroll but also helps cover recruiting, training, and administrative costs. It’s a vital financing tool that frees you to concentrate on...
Invoice finance solutions for temp staffing agencies often include credit control services, so your team spends less time chasing payments and more time sourcing candidates and fulfilling client...
By funding temp invoices using temporary staffing finance, you not only enhance cash flow but also streamline your operations for a smoother, more efficient business model....
The nature of the trade in this sector is such that there are normally wages to be paid and low levels of assets to secure traditional types of bank lending, such as overdrafts and loans. The rate of...
Recruitment finance can be provided without concentration limits, even if you only have one single customer. Prices vary but can be very simple even using a single-fee pricing structure....
These are common problems and their solutions:...
You can outsource just about all aspects of your business if you wish so that you are free to just focus on making sales i.e. staff placements, and someone else does all the back-office processing...
The labour recruitment and provision of personnel SIC code group is very much suited to the use of receivables financing. Signed timesheets in respect of temporary staff placements, make those debts...
Providing you are invoicing on credit terms there is a high likelihood that you will be approved for funding:...
Criteria do vary between providers but we can introduce you to sympathetic funders....
The pricing will vary between providers and facilities. You can read an explanation of the costs and if you contact us we can check the specific pricing for your company without harming your credit...
Use our invoice finance cash calculator to estimate the amount of money you could raise through this type of funding....
We have many year's experience of how to finance recruitment companies in the UK. These are case studies specifically about the many staff placement sector companies that we have helped:...
This is a testimonial from a recruiter that we found a payroll finance facility. They rated FundInvoice 5 stars out of 5 and said this about the specialist they spoke to at FundInvoice:...
"Sean has provided us with a fantastic service in helping our business find a new recruitment factor and provide key information on two recruitment vendors that have helped move our business in the...
Sean gave us a quick and helpful solution, all whilst providing an excellent service and constantly staying connected to ensure our business found the right solution. I could not recommend speaking...
You can speak to Sean about your requirements on 03330 113622....
There are over a hundred UK invoice finance companies and most will happily deal with finance for employment agencies....
However, there is a more select list of payroll finance companies that are specialists that offer tailored packages of employment agency finance. Our team will be able to connect you with such...
These are further related resources that may be helpful....
The is a comparison table of the common finance options for recruiters:...
100% of yourprofit on invoices...
This infographic relates to common myths about invoice finance debunked for recruiters:...
Recruitment invoice finance allows agencies to unlock cash tied up in unpaid invoices, providing immediate working capital to cover operational costs like payroll, marketing and other expenses. It is...
You submit your invoices to a finance provider, who advances a percentage of the invoice value (usually 80-90% but it can be even higher in some cases). When the client pays, the balance is released...
Yes, it’s particularly beneficial for agencies dealing with high volumes of temporary placements, as it smooths cash flow to meet payroll demands....
Costs can vary based on the finance provider, the creditworthiness of your clients, and the size of your invoices. See our guide to costs for examples and typical ranges of fees. Contact us for...
Yes, most providers offer confidential options, allowing you to retain control of client communications....
Some providers offer non-recourse options, where the provider bears the risk of non-payment should the debtor become insolvent in return for an additional fee....
Once set up, you can typically access funds within 24 hours of submitting invoices....
Funding limits are flexible and depend on the value of your invoices. There is no real minimum or maximum criteria, some very large businesses use this financing option and you can use it for...
You can apply directly through a finance provider but FundInvoice offers a broker service. The benefit of using our service is that we will do all the work to search the market for you. This gives...
The application process usually involves providing some simple details about your business and outstanding invoices....
Yes, invoice finance is scalable. As your sales grow, the amount of funding you can access typically increases proportionately....
http://www.fundinvoice.co.uk/recruitment/recruitment-invoice-finance.html - FundInvoice Customer Reviews
FundInvoice offers an award-winning research-based, independent advice and search service for business finance such as invoice finance, factoring, invoice discounting, trade finance and business...
We encourage our customers to review the service that they receive from us and we post those ratings and reviews here without alteration or omission. With 5 stars being the highest rating that can be...
If you are one of our customers, to add a rating and/or a review please email: [email protected]...
It will be posted unaltered (only client names and finance company names are not shown) to preserve confidentiality....
We are delighted to confirm that overall, our customers have given us an average rating of 4.9 out of 5 (42 ratings given)....
OVERALL AVERAGE CUSTOMER RATING...
Fund Invoice with Sean in particular, over the past 18 years have shown and demonstrated , consistent support with outstanding accuracy. In very difficult and challenging times, Sean , once again has...
Business OwnerRecruitmentRef: 1257326/03/25...
I found FundInvoice on a Facebook page. They were replying to another user and I decided to click the link they provided. Well, I’m so happy I did. I called and they explained everything in...
MD/OwnerChildren's HomeRef: 1269413/02/25...
"Exceptional Service and Persistence from Sean Morrow...
I can't speak highly enough of Sean Morrow and his team. We were in desperate need of a factoring partner after facing numerous rejections elsewhere. Sean's dedication and persistence were...
Despite facing setbacks and after trying more than a dozen places without success, Sean never gave up on us. His unwavering commitment and proactive approach made all the difference. He went above...
Sean's professionalism, responsiveness, and genuine concern for our situation were evident throughout the process....
Thanks to Sean's efforts, we were able to find a factoring partner that suited our needs perfectly. I highly recommend anyone looking for invoicing factoring services, especially if you're...
Owner MDTemp RecruiterRef: 1228224/06/24...
"Amazing finance company. Sean has been supportive during our slow process to apply with a good trade finance company. This has been done, and the process cannot be easy without much assets. Thanks a...
MD/OwnerImporterRef: 1144824/08/23...
"Good to hear from you. I was going to get in touch this week to thank you for the excellent service. I would not hesitate to recommend you to anyone interested in invoice financing. More than happy...
DirectorMedical ServicesRef: 1190829/06/23...
"Sean was always incredibly responsive and helpful, and always there to answer any questions we had. I would highly recommend him and Fund Invoice"....
Ops DirectorTemp RecruiterRef: 1085621/03/23...
"No problem I would rate you at 5 I had a few people ring me, but you came across well and explained the process well. You also gave me more than one company to speak too [THE INVOICE FINANCE...
Thanks for all your help. And I am really looking forward with the relationship along side [THE INVOICE FINANCE COMPANY]"....
"Sean has provided us with a fantastic service in helping our business find a new recruitment factor and provide key information on two recruitment vendors that have helped move our business in the...
I could not recommend speaking with Sean highly enough."...
"Thanks so much Sean for everything you have done for us the service was Excellent"....
"When looking for invoice financing, I found FundInvoice LLP to be helpful and effective in matching our requirements to a finance provider and would recommend them in future"....
"I would like to nominate FundInvoice LLP for this award, the reasons being, when I changed my factoring package from [FACTORING COMPANY 1] to [FACTORING COMPANY 2], Sean supported me through the...
"5-star rating. We had a challenging and unusual trade finance requirement. The agreement was not "off the shelf" and needed some extra work to find the right fit to meet our criteria. FundInvoice...
"As a result of their knowledge and persistence, Sean at FundInvoice were able to secure Invoice Factoring for us where others had failed. Working in a niche sector and on a complicated project,...
"Fund Invoice was absolutely amazing in assisting us find an invoice company. Once we contacted them within less then 24 hours they connected us with a company. Very fast and a quick response and...
"Prompt, efficient service with good advice and found a suitable finance provider for our needs" See the full review....
"Thank you so much for the introduction." Read the full testimonial....
"What can I say other than fantastic service from Sean, listened to what we needed and produced the best product/IF, I recommend him highly"....
"Thanks so much for your help. If we don't do business on this product then I'll be sure to come back to you for future products as your service is exemplary"....
"5 stars. The service has been great. Not just for the service they provide but for the way they carry out their business. Not like other companies who chase until they get an answer they present you...
"Thanks for all your help - if anyone is looking for finance I'll send them your way.". See more....
". . . I would be happy to recommend your services to anybody....
I am actively looking for a second acquisition in the same sector and if I find one, yours will be the first number I will seek out."...
Note: where ratings are "NR", feedback was a comment only and a star rating was not given. Award Nom. means that the review was given as a nomination for an award, hence there may not have been a...
http://www.fundinvoice.co.uk/reviews/fundinvoice_customer_reviews.html - Selective Invoice Finance Pricing Example
This is a pricing example for selective invoice finance. The fees charged may vary depending upon the nature of your own business and circumstances, so please contact us to get a quote for your...
REQUEST A CALL TO DISCUSS SELECTIVE INVOICE FINANCE...
In this particular case, the client needed funding for a short period of time, 21 days, until their customer paid. This would not suit traditional forms of invoice or sales finance so we found them a...
This is how the pricing for the transaction:...
Converting that into real money terms, to receive £800 against a £1,000 of invoicing cost £15.50 for the 21-day period, in this case....
(Note: VAT may be payable on all or part of the fees)....
http://www.fundinvoice.co.uk/selective-invoice-finance/pricing-costing-example-selective-invoice-finance.html - Factoring
We can provide you with a free factoring quote: REQUEST A FACTORING QUOTE...
You will have no obligation to go ahead....
These are further invoice factoring-related resources that might help:...
Return to our: Invoice Finance Homepage....
http://www.fundinvoice.co.uk/services/factoring.html - CID Testimonial
We recently received this very positive testimonial from the Managing Director of a company that FundInvoice were able to find a Confidential Invoice Discounting facility with a major UK bank:...
"Sean and his team provided a lot of very useful assistancein determining the potential providers of Confidential Invoice Discounting facilities which has improved our cash flow significantly and is...
The Managing Director of a CID Client...
http://www.fundinvoice.co.uk/testimonials/cid_testimonial.html - Publicist Testimonial
This testimonial was from the owner of a publicist that Sean assisted:...
"You have been great.Will definitely refer others to you."...
The Owner of A Publicist...
http://www.fundinvoice.co.uk/testimonials/publicist_testimonial.html - Non Recourse Export Invoice Discounting
We received these kind words from a temporary recruitment company that we were able to help find a non recourse (bad debt protection), confidential export invoice discounting service :...
"I was put in touch with FundInvoice to assist my company with invoice financingsolutions and would like to highly recommend them. Their industry knowledge was excellentand we experienced a...
The Finance & Operations Director of an Export CID Client...
http://www.fundinvoice.co.uk/testimonials/testimonial-export-cid-bad-debt-protection.html - Testimonials
We have successfully helped a number of businesses find finance and below you will find testimonials from satisfied clients of FundInvoice....
If required, we will gladly put you in touch with clients that we have worked with in the past that can vouch for our team and the quality of the service that we provide....
Read our latest: Customer Ratings & Reviews....
Below are just a few examples of what our customers have said about us....
[LIST DO NOT DELETE!]...
You can also read testimonials about FundInvoice from banks and invoice finance companies....
http://www.fundinvoice.co.uk/testimonials/testimonials.html - Testimonial From A Recruitment Company
We received this testimonial from the Financial Controller of a Recruitment company that FundInvoice were able to find an invoice finance facility with an independent invoice finance company:...
"I would just like to take this opportunity to thank you for all your helpto enable us to reach a speedy and satisfactory conclusion."...
The Financial Controller Of A Recruitment Company...
http://www.fundinvoice.co.uk/testimonials/testimonial_recruitment_company.html - List Of Trade Finance Companies
Trade Finance can help you pay for imported goods being brought into the UK from overseas suppliers. It can also be used to fund purchases from UK suppliers....
REQUEST A TRADE FINANCE QUOTE...
You can find out more about how the service works, essentially it will bridge the funding gap between having to pay your supplier and getting paid....
You can either have this kind of import finance on a standalone basis i.e. you repay the finance, or you can use it in conjunction with a factoring facility that will collect in your outstanding...
There are several different trade finance providers in the UK....
Below is the list of Trade Finance companies, in the UK that offer import finance....
You can use the links to access contact forms to get in touch with some of them (or we can handle that for you - use the quote request button at the top of this page):...
Also, see our list of invoice finance companies if you want to consider other funding options....
This is an example of a trade finance price that we found for a prospect recently....
These are case studies where we have introduced clients to trade finance companies:...
Trade Finance Linked To Factoring For A Designer - a case study where FundInvoice found trade financing linked to factoring for a clothes designer....
Import Finance For Toiletries - how we arranged import finance for an importer of toiletries....
If you need similar help FundInvoice can find trade financing options to assist you....
We are very happy to find trade finance company quotes for you, either REQUEST A CALLBACK or call Sean on 03330 113622, for a discussion in confidence and without any obligation to proceed....
http://www.fundinvoice.co.uk/trade-finance/list-of-trade-finance-companies-uk.html - Trade Finance Price
If you are considering using trade finance to fund your imports you will want to know what the trade finance price is going to be for your company....
The pricing varies according to the size and nature of your business but a good way of getting an idea is to see an actual example of a trade finance price that we have found for another company....
This was a quote that we found for a client recently:...
Our client handled the supply and installation of commercial printers. They had an annual turnover of £2.8m and they had the opportunity to purchase in greater volumes in order to grow their...
The quote that we found them was:...
If you want to know the price for your business please get in contact or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/trade-finance/trade-finance-price.html - Testimonial From A Temporary Recruiter Who We Found An Alternative Invoice Finance Company
Testimonials are one of the most important aspects of what we do here at FundInvoice. It's always great to hear that a client is happy with the service that we have provided. We have built up a...
This is a testimonial given by a temporary recruiter that we helped find an alternative invoice finance company. This is what they said about us when they gave us the top 5/5 star rating:...
"5 – I’ve been in touch with Sean on and off for several years while we grew as a startup to being a business in it’s 4th year. We spent a while looking for the right solution for...
Great feedback to receive....
We often deal with customers that are looking to find an alternative invoice finance company. In this case, our client felt they had outgrown their current provider but there can be all sorts of...
Regardless of the reasons, there are many providers to choose from and lots of different offerings on the market. We can make that transition easier by finding the best deal that will best suit your...
http://www.fundinvoice.co.uk/blog/able/post/temporary-recruiter-testimonial-found-alternative-invoice-finance-company.html - A Detailed Analysis Of Factoring And Invoice Discounting In the United Kingdom
As a business owner in the UK, you may find yourself in a situation where you need to free up cash flow to maintain operations or fuel growth. In such cases, traditional bank loans may not always be...
Invoice finance is a method of funding that enables businesses to unlock the cash tied up in their unpaid invoices. There are two main types of invoice finance – factoring and invoice...
REQUEST A QUOTE...
Factoring is a type of invoice finance where a business sells its unpaid invoices to a third party, known as a factor, in exchange for immediate cash. The factor then takes over the responsibility of...
There are two types of factoring – recourse and non-recourse. In recourse factoring, the business retains the risk of bad debt and is liable to repurchase the invoice if the debtor fails to...
Invoice discounting is another type of invoice finance where a business uses its unpaid invoices as collateral to secure a loan from a third party, known as a lender. The business retains the...
Invoice discounting is a popular choice for businesses that want to retain control over their credit control function and maintain relationships with their customers....
Both factoring and invoice discounting offer a range of benefits to businesses in need of cash flow. Here are some of the key differences between the two:...
There are several different types of invoice finance products available to businesses in the UK. Here are some of the most popular:...
In addition to the different types of invoice finance products, there are also different types of providers in the UK, including traditional banks, alternative finance providers, and specialist...
When it comes to choosing the right provider and product for your business, there are several factors to consider:...
Invoice finance can be a great alternative to traditional bank loans for businesses in need of cash flow. Whether you choose factoring or invoice discounting, there is a range of products and...
You may also be interested to read some of our Research About The Invoice Finance Sector which includes pricing comparisons from mystery shopper exercises and customer satisfaction research....
http://www.fundinvoice.co.uk/blog/about/post/detailed-analysis-of-factoring-and-invoice-discounting-it-the-united-kingdom.html - Acquisitions FundInvoice Are Supporting
At present, we are working on 3 potential acquisitions that require some form of invoice funding, and at are various stages of the business purchase process. Acquiring a company can be a great way of...
The three cases FundInvoice are currently working on are as follows:...
These situations are against a backdrop where the number of UK acquisitions appears to have ticked up over the last couple of years, and businesses are looking for increasingly innovative ways of...
I have written before about how invoice finance can be used to either contribute towards the funding of the acquisition of another business, or how it can be provided to a company that you are...
I have also written previously about one of our contacts was looking for potential acquisition targets, for one of their clients. All in all, this would suggest that there appears to be some areas of...
Although it is only based on our own experience, we are seeing companies becoming more acquisitive, and this appears to be reflective of an underlying trend suggested by figures released by the...
We have a number of connections with business people that are actively seeking target companies to acquire, and this is proving to be developing into an interesting niche but we can provide support....
If you need help accessing support regarding receivables financing in connection with an acquisition, please contact Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/acquisition/post/acquisitions-fundinvoice-are-working-on.html - Business Purchase Loans Secure Funding To Acquire A Business
Business purchase loans are a key funding solution for entrepreneurs and business owners in the UK looking to acquire another company. In this guide, we’ll explain how these loans work, explore...
COMPARE QUOTES NOW...
Acquiring an existing business is an exciting opportunity, whether you’re an entrepreneur starting your journey or an experienced business owner looking to expand. However, navigating the world...
This guide will provide UK-specific insights, practical tips, and strategies for securing the funding you need for a successful acquisition....
Related content: Explore more growth strategies on our Growth Hub....
Understanding the range of financing options available is key to choosing the right loan for your needs However, we would also advocate understanding other forms of funding options that can...
Here are the primary types of business purchase loans in the UK including other products serving the same purpose:...
High-street banks often offer specialist loans for business acquisitions. These loans typically require a robust business plan, financial projections, and a strong credit history. Interest rates and...
Loans are not only available from banks. Alternative commercial loans are increasingly offered by non-bank-owned companies. In some cases, these companies can be more flexible on the amount they will...
Specialist lenders in the UK can offer flexible terms for business purchase loans. These lenders may focus on specific industries or offer faster approvals, making them ideal for businesses...
If the business you’re purchasing includes property, or you have a commercial property, a commercial mortgage could be a viable option. This type of loan is secured against the property itself....
For businesses with substantial receivables, acquisition invoice financing can help bridge cash flow gaps during the acquisition process. This option allows you to unlock funds tied up in unpaid...
A popular option, seller financing allows the seller to act as the lender. You agree on repayment terms directly with the seller, which can make the process quicker and more flexible. However, a...
Conduct thorough due diligence on the business you intend to buy and involve professional advisers where required. Review profit and loss statements, cash flow forecasts, and outstanding debts. This...
Lenders will evaluate your personal and business credit history. A strong credit profile demonstrates financial responsibility and increases your chances of favourable terms. Address any...
Beyond the interest rate, consider associated costs such as arrangement fees, legal fees, and valuation charges. Calculate the total cost to ensure the business can sustain repayments without...
These are some tips for getting approved for business purchase loans:...
Your business plan should outline your vision for the acquired business, including financial projections, market analysis, and growth strategies. This demonstrates your preparedness and inspires...
Prepare all necessary documents, including your financial statements, tax returns, bank records, and details about the target business. Organised paperwork streamlines the process and makes a strong...
Consider enlisting a business finance broker, accountant, or financial adviser with experience in acquisitions. Their expertise can help you identify financing options, refine your application, and...
Research banks, specialist lenders, and alternative finance providers to find those that best align with your needs. Look for lenders experienced in funding acquisitions within your industry....
Provide detailed information about yourself and the business. Ensure accuracy and transparency to avoid delays or rejection....
Lenders will assess your financial history, the business’s financials, and market conditions. Be prepared to answer follow-up questions and provide additional documentation if needed....
If approved, the lender will present a loan offer detailing terms, repayment schedules, and conditions. Review the terms carefully and seek advice if necessary before accepting....
Stringent criteria can be a hurdle. Address potential weaknesses, such as improving your credit score or providing additional security....
Prepare comprehensive documentation to minimise delays. Engage with lenders early to understand their timelines and requirements....
Market fluctuations can affect lender confidence. Stay informed about economic trends and explore alternative financing if needed....
Some crowdfunding platforms allow you to raise funds directly from investors. This method is particularly effective if the business has a compelling story or industry appeal. However, depending upon...
P2P platforms connect borrowers with individual investors. These platforms often offer quicker approvals and flexible terms....
Approaching potential investors, such as business associates, family members or other parties for funding may be an option. Again the issue over retaining ownership may be applicable and clear...
Case Study 1: Growth Via A Second Acquisition...
This case study sets out how we were able to help an existing client finance a second acquisition to achieve business growth using factoring....
Case Study 2: Business Purchase Using Invoice Finance & Our Acquisition Checklist....
Securing a business purchase loan in the UK requires careful planning, thorough research, and a careful approach. By understanding the available options, preparing a strong application, and...
Whether you’re taking your first steps as a business owner or expanding your existing portfolio, the right loan can make your vision a reality. Start your journey today and turn your...
http://www.fundinvoice.co.uk/blog/acquisition/post/business-purchase-loans-secure-funding-to-acquire-a-business.html - Car Repair Invoice Discounting For All Sizes
We have had a lot of success helping finance car crash repairers. We have assisted the full range of sizes from small companies to multi-million pound turnover companies. ...
There are no minimum turnover restrictions on these types of facilities so even the smallest businesses can use this type of invoice discounting without the need to worry about minimum fees, or...
Repairers are able to select the invoices they want to discount, so there is no obligation to use the service. Funding is typically at 100% of invoice values, less a small fee for using the service....
For help call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/acquisition/post/car-repair-invoice-discounting-all-sizes.html - Case Study About Funding A Business Purchase Using Invoice Finance
This case study explores the concept of funding a business purchase using invoice finance, as acquisition finance, to fund a business purchase. It also suggests how you can overcome common...
COMPARE QUOTES NOW...
This was a case where invoice finance was to be used to fund the purchase of a company....
A first-time business buyer approached us looking for an invoice finance facility to support the acquisition of a company. The plan was to use invoice finance as a solution to fund the...
The buyer aimed to utilise an invoice finance facility to unlock funds from the business’s sales ledger, helping cover the upfront payment to the seller. Additionally, the facility was...
As a first-time buyer without the necessary legal and financial expertise, the buyer needed additional support to complete the acquisition. The financier added value by introducing experienced...
During negotiations, the Heads of Terms, which outlined key aspects of the purchase, took several months to finalise. There were ongoing discussions between the buyer and the seller, particularly...
Once the Heads of Terms were agreed upon, both the invoice finance company and the buyer’s accountant conducted their respective due diligence reviews. The invoice finance review confirmed that...
The financial review raised questions about the company’s profitability, leading to a reconsideration of the purchase terms. The buyer adjusted the payment structure, reducing the initial...
This acquisition highlighted several valuable lessons for the acquisition checklist of anyone considering a business purchase:...
Finalising the Heads of Terms early in the process is critical to avoid prolonged negotiations. A seller who is clear and cooperative during this stage often leads to smoother progress in finalising...
Having a reliable funding source, such as invoice finance, ready to support the purchase gives the buyer and seller confidence. It ensures no delays when making payments for the initial consideration...
Buyers should have clear criteria for when to proceed with or reconsider the deal, such as price limits or timelines. This clarity can prevent unnecessary delays and help keep the transaction on...
Acquisition processes often involve unforeseen challenges, such as due diligence findings or timeline shifts. Flexibility and a proactive approach to dealing with these setbacks are essential for...
Working with knowledgeable solicitors, accountants, and an experienced invoice finance provider can make a difference in ensuring a smooth transaction. In this case, the professionals provided...
Invoice finance is a little-known and flexible solution for funding a company's purchase. It allows buyers to unlock liquidity from the target company’s sales ledger, enabling them to make...
This case serves as an example of how invoice finance can play a pivotal role in funding acquisitions, offering not only financial support that unlocks the structure of a deal like this....
http://www.fundinvoice.co.uk/blog/acquisition/post/case-study-funding-a-business-purchase-using-invoice-finance.html - Testimonial Following Acqusition Funding
Acquisition finance can be difficult to raise, this is a recent example of an acquisition that we were able to assist. We introduced them to an invoice finance company that were able to provide...
This is the great testimonial that we received from our client, the businessman who acquired the company....
He rated our service 5 stars out of 5 and had these words to say about FundInvoice (I have removed the names - in square brackets - to protect their anonymity)....
This is what he said:...
"Yes I'm delighted to say that in sitting in my new office at [LOCATION].In the end I had three offers of funding and [THE INVOICE FINANCE COMPANY FUNDINVOICE INTRODUCED] were the best....
The speed which you worked at was impressive. The finance industry is not known for speed but between you and [THE CONTACT AT THE FUNDER] a deal which could have been lost was rescued and funded in a...
I would be happy to recomend your services to anybody....
I am actively looking for a second acquisition in the same sector and if I find one, yours will be the first number I will seek out....
We were delighted to receive such a glowing testimonial. The greatest compliment a client can pay is by looking to use your service again and the fact that they said that they are "happy to recommend...
You can read other testimonials here: FundInvoice Customer Testimonials....
If you need help with funding in connection with the acquisition of a company, please speak to Sean on 03330 113622 or see our recent article: Leveraging A Debtor Book For An Acquisition....
http://www.fundinvoice.co.uk/blog/acquisition/post/company-acquisition-using-invoice-finance.html - DIY Debt Collection How To Collect An Unpaid Debt
Occasionally, we are asked for help collecting overdue debts. If there are numerous debts or if they are substantial enough there are providers that will handle the case for you, however when the...
GET CREDIT CONTROL HELP...
We had a case where a company had a debt owed, and there was no commercial dispute involved, but the amount of the debt was not large enough to warrant being handled by a solicitor, or debt...
Below are some suggestions about how the creditor could handle the debt collection themselves - DIY debt collection if you like. Involving a solicitor should always remain your last option because of...
Firstly, with any amount owed, you should follow a solid credit control process. We have a full credit control procedure within our free credit control guide, which also covers how to issue a final...
Another useful Government resource is Money Claim Online (MCOL) https://www.gov.uk/make-money-claim which deals with applying for County Court Judgements (court judgments that can then be enforced...
If you have any doubts, you should of course seek advice from a Solicitor, but these useful resources may help you to handle your debt recovery yourself. Alternatively, there are organisations that...
http://www.fundinvoice.co.uk/blog/acquisition/post/diy-debt-collection-how-to-collect-an-unpaid-debt.html - Help Funding Christmas Cash Flow Problems
Hard to believe but we are already planning for Christmas, however, there are good reasons to plan ahead at this time of year. The cash flow of your business can be particularly affected by the...
For example, staff expect to receive their monthly wages early, before the Xmas break - and in some cases, there will also be Christmas bonuses due to be paid. At the same time, seasonal staff...
There are a few actions that you can take to help solve your cash flow problems, and we set these out in our article: 6 Ways To Solve Seasonal Cash Flow Problems....
APPLY FOR INVOICE FINANCING NOW...
One way of improving your Christmas cash flow is to use an invoice finance facility. This type of finance shortcuts the time you wait to get paid by customers by giving you the majority of the value...
We can have a facility in place within a few days, so there is still time to make arrangements before the Xmas holiday period....
See also our guidance for Staff Agencies Managing Seasonal Peaks....
There are different types of invoice finance that you can learn about in our free guide to receivables financing. However, there are two principal variations that are worth mentioning here....
One type is what we call selective invoice finance. You can choose some outstanding sales invoices and release cash (normally 85% upfront) against them. The balance, less the fee is passed to you...
The other option is revolving invoice finance, whereby you enter into an ongoing arrangement to receive finance against all (or at least the bulk of) your invoices. This is more suitable if you have...
Either option can be used to help smooth out your Christmas cash flow, we are always happy to discuss exactly what you require, just call us on 03330 113622....
http://www.fundinvoice.co.uk/blog/acquisition/post/funding-christmas-cash-flow-problems.html - Funding Growth By Acquistion Of A Business
We have helped an existing client complete his second company acquisition within his sector, aided by using a factoring facility....
This time he was able to purchase a company twice the size of his previous acquisition, resulting in a dramatic increase in the volume of turnover that his group will achieve over the course of the...
Call Sean on 03330 113622 to discuss your funding needs....
Growing by acquiring other businesses within your sector is one way to achieve growth, and if you purchase a large concern, it can enable a step-change in the volume of turnover that you transact....
Expansion can be difficult to achieve when the economy is only set to rise by less than a few percentage points each year or is set to reduce. The other impacts on the UK economy, such as Brexit...
Economies of scale may also be possible following a business purchase, whereby duplicated costs can be removed or shared, whilst maintaining the same level of sales income....
See information about Business Purchase Loans....
There are other methods of growing your business, explained in our free: Guide to Business Growth but rapid expansion can be achieved by adding other established businesses to your organisation. It...
There are many different ways of financing and funding growth by acquisition, these can include using your own money, that of investors, or borrowing from banks and similar entities....
See our acquisition guide about using acquisition invoice factoring as a simple and freely available option that can help generate the purchase price or help you pay deferred consideration. Equally,...
Also see this case study: Funding A Business Purchase Using Invoice Finance...
http://www.fundinvoice.co.uk/blog/acquisition/post/funding-growth-by-acquisition.html - Getting Financing To Buy A Business
Buying an existing business is a great way to grow an existing organisation or to get started in business....
However, getting financing to buy a business can be difficult in the UK, especially if you don't have a track record or other assets to use as security for the financing....
If you are struggling to find the money you need to buy a business, we may be able to offer a solution. FundInvoice has helped many UK companies use the assets of the target business to help finance...
To get financing quotes immediately, without any obligation to proceed and in confidence, just complete the following form:...
COMPARE QUOTES NOW...
It is important to understand the financing options available to you when buying a business. In the UK, prospective business buyers have several avenues to explore and we have produced a list of all...
Of those options, several may be better suited to buying a business, including:...
Traditional bank loans and those from independent lenders remain a popular choice for many. Lenders may be able to offer structured financing solutions tailored to your purchase plan. However,...
An often-overlooked option, seller financing involves the seller of the business providing a loan to the buyer. This can be a flexible and mutually beneficial arrangement, especially if traditional...
For those looking to purchase a particularly promising business, private investors or venture capital firms may be interested in providing funding in exchange for equity. This route can offer...
Using the assets of the target company or a buyer's other businesses may help raise the financing to buy a business. See also information about Asset Based Finance to leverage all available...
The process of assessing various assets to maximise funding is often called structured finance. This method of financing against a range of assets can help you raise the maximum amount of capital....
See this case study: Using Invoice Finance to Fund A Business Purchase...
We hope that the points mentioned above have clarified some of the options. We would be happy to speak to you about how best to go about getting financing to buy a business in the UK. Just call us in...
http://www.fundinvoice.co.uk/blog/acquisition/post/getting-financing-to-buy-a-business-uk.html - Guide To Pre Pack Finance And Funding
Welcome to our guide to pre-pack finance and funding to purchase the assets of companies that have entered into Administration....
If you are looking to raise the finance to support a possible pre-pack Administration, we can help you. Members of our team have arranged this type of funding for clients in the past....
GET A QUOTE FOR PRE-PACK FINANCE...
If you are in a position where you are worried about your company's solvency (becoming insolvent - when you are unable to meet your liabilities as they fall due), you should consult an...
This is an essential step in the process of arranging a prepack anyway. Failing to act can have negative consequences for the Directors of a failing company. They can become personally liable for the...
Company Administration is a legal process whereby the running of an insolvent company is taken over by a firm of licenced insolvency practitioners. It gives the company's assets a degree of...
In some instances, continuing to trade an insolvent company can deliver more value to its creditors than immediate liquidation. For instance, if there is work in progress that can be easily converted...
A pre-pack (PP) is negotiated prior to the appointment of the Administrator. It is an agreement for the sale of the failed business, part of the business or its assets to another party. Usually, this...
The whole purpose of a pre-pack is to improve the return to the creditors. The PP can be completed immediately or after the company enters Administration. This type of arrangement can be referred to...
See this case study about Factoring For A Phoenix Company....
For further information about financing acquisitions generally, please see our Guide To Acquisition Finance....
These are the steps involved with establishing a pre-pack and arranging its financing:...
A key step in the process above is arranging the pre-pack funding. This could be drawn from various sources. The directors may have their own funds, or they may have friends or family that are...
A lesser-known option is to use invoice finance to finance the pre-pack. This can work in several ways. Firstly, the finance could be used to pay the purchase consideration. It is possible to...
Furthermore, some forms of invoice finance, such as factoring (funding with credit control), do not focus on the financial circumstances of the applicant. The facility tends to be based on the...
Secondly, the funding can be used to meet ongoing working capital needs. As new invoices are raised, new finance is released. This can improve the cash flow of the newco. Once again, this type of...
Please speak to Sean on 03330 113622 to discuss the funding options if you are seeking pre-pack finance....
http://www.fundinvoice.co.uk/blog/acquisition/post/guide-to-pre-pack-finance-funding.html - Interested In Selling Your Groundworks Or Landscaping Business
We have connections to a variety of business advisers and we recently received a note from one of them that are seeking acquisitions on behalf of one of their clients. Are you aware of any businesses...
They are looking for businesses within the groundworks and landscaping sectors, ideally located in the South East or within a 70-mile radius of London....
Potential acquisitions could include:...
If this is of interest to you we would happily put you in contact....
We are often involved with acquisitions, specifically helping find finance to fund them. Many people are not aware that the book debts of the target company can be used to help fund an acquisition....
FundInvoice has been able to assist a number of businesses in this situation, recently we received a glowing testimonial from a company that acquired another business with the help of funding from an...
If you are looking to raise money to assist with the purchase of another business please speak to Sean on 03330 113622 and he will be able to see if we can help you in one, or more of the ways...
http://www.fundinvoice.co.uk/blog/acquisition/post/interested-in-selling-your-business-groundworks-landscaping.html - New Asset Based Lending Funding Company
One of the most important features of the business finance search service that we offer is that we are continually adding new funding companies to our panel of funding partners. There are almost 100...
We do this to make sure that we can provide not only the cheapest invoice finance prices but also the most flexible funding options and the full range of different products and services that...
We have had a number of recent meetings with new and existing funding partners, updating our database of the products and risk appetites and the pricing approach of each. We had a recent meeting with...
Taking an ABL approach means that in addition to finance against the receivables of a company, this funder is able to take into account other assets within the business. This could include property,...
See our related content about Stock Finance....
It also creates a level of further flexibility should a client’s debtor book be the constraining issue when trying to raise funding for a company. A more liberal view of the debt, about maybe...
Whilst taking an ABL approach is not unique, it can be helpful in some circumstances, and there are a number of providers on our panel that are able to offer this type of approach to business...
http://www.fundinvoice.co.uk/blog/acquisition/post/new-funding-companies-asset-based-lending.html - Raising Takeover Finance To Buy A Company
Takeovers are situations where a business, or some of its assets, are acquired by another entity. The ownership transfers to the purchaser in return for the payment of consideration. This can be in...
Raising takeover finance to buy a company is something that many business people have to undertake at some point in their careers. Sometimes, an acquisitive business will have the capital on hand to...
Investment is capital in return for some ownership (and some control in some situations) in a venture. It may also not be required to be paid back or may have a long-term payback structure....
Therefore, many business owners prefer to raise funds as they don't want to relinquish any ownership or control of their business holdings. The team at FundInvoice specialise in raising finance...
REQUEST A QUOTE...
If you are seeking financing for a takeover, there are a number of options that you could consider. For some financially strong businesses, a bank or finance house may be able to provide a business...
You might consider structured finance, which can provide additional capital against various assets....
There is another type of takeover finance, receivables finance, that can be structured to leverage the assets of the company that you are acquiring. This can make MBOs, MBIs or takeovers possible for...
We have produced a helpful guidance article about how receivables finance can be used to fund an acquisition....
If you want to find out if receivables financing could be a way of financing your takeover, we would be happy to discuss your situation in confidence. Please call us on 03330 113622 or use the form...
http://www.fundinvoice.co.uk/blog/acquisition/post/raising-takeover-finance-to-buy-a-company.html - Recruitment Acquisition Finance
We are looking at a prospect who is seeking recruitment acquisition finance for a business that they are seeking to purchase. I highlight this as a reminder of how invoice finance can be used to fund...
In this case, it is a recruitment sector company, however, the same approach can be applied to any sector....
There are two possible ways in which you can structure this type of invoice finance to enable an acquisition. Firstly, if you have an existing business you could use the debtor book of the acquiring...
The second option is to leverage the debtor book of the company being acquired and release up to 85% of the value of the debtor book in order to fund the acquisition. This can be a useful method of...
Please call 03330 113622 to discuss your requirements for raising finance to fund an acquisition....
http://www.fundinvoice.co.uk/blog/acquisition/post/recruitment-acquisition-finance.html - Recruitment Outsourcing Without Issues
I posted the other day about the issues that can be associated with some of the recruitment outsourcing companies who also provide funding. Interestingly, we have just had a conversation with a new...
Being able to access this kind of package of services without ending up in a position where you are just passed on your profit margin by the provider, will be seen as a huge benefit by some...
If you are a recruiter that wants to focus on generating placements, rather than all the business management related issues associated with running a business, these kinds of services are ideal....
However as I have documented previously, some of the services can almost take over the management of your business and you can end up locked into the service, unable to afford to leave....
If you are interested in understanding how the alternative model for recruitment outsourcing and funding, please speak to Sean on 03330 113622. ...
http://www.fundinvoice.co.uk/blog/acquisition/post/recruitment-outsourcing-service-without-issues.html - UK Ombudsman Proposals For Banking And Finance Complaints
UK Finance, the trade association for the UK banking and finance industry, which was formed on the 1st of July 2017, has announced proposals to increase SMEs access to independent ombudsman services....
Any SMEs with invoice finance-related complaints should see our advice regarding invoice finance complaints....
SMEs could soon have banking and finance disputes resolved, and dealt with, via a binding process, through the Alternative Dispute Resolution arrangements (ADR)....
UK finance plans to extend the Financial Ombudsman Service (FOS) to some 99.5% of SMEs, to provide independent complaints review with the ability to make awards for redress of up to £600,000....
The UK finance proposal is to provide a voluntary ombudsman service for any SME’s not eligible to use FOS....
The proposals also include a process to review any unresolved SME complaints that have been made since 2008....
UK Finance plans to establish a steering group, to start work from December 2018, aiming to implement the voluntary ombudsman arrangements by September 2019....
Contact details for UK Finance...
http://www.fundinvoice.co.uk/blog/acquisition/post/uk-finance-ombudsman-proposals.html - 5 Financial Mistakes You May Have Already Made
Below is a list of five common financial mistakes, that you may have already made within your business....
It is very common within a business for the prime movers to use their own money to support its cash flow. This may be in the form of a cash loan to the business, or it may be that you pay for...
This may seem like a reasonable thing to do, however, if you use personal credit cards to support your company, you could end up incurring significant costs such as high interest and charges. This is...
In some cases, directors go down this route because they believe that their business is unlikely to qualify for a credit facility. This may be because it is newly established, or because it has poor...
If your customers pay you late, the cash relating to that transaction is not available to your business. This could result in you either borrowing additional funds or experiencing cash flow...
The most important aspect of maintaining a healthy cash flow, in addition to regular cash flow forecasting, is to maintain an efficient credit control process. Please see our free guide about how to...
There are funding facilities such as factoring invoice discounting, which will bridge the cash flow gap between you raising invoices, and getting paid by your customers. However, that still does not...
If you have been following our recent blog posts about “Retailageddon”, the spate of financial issues that have hit UK retailers, you will be aware that even large companies can fail or...
You can protect against this situation. Either with standalone credit protection or with bad debt protection. Essentially, under these arrangements, you receive a credit limit in respect of each...
Often it can be tempting, when you experience a cash flow problem, to dip into your VAT reserve, in order to make ends meet....
The VAT reserve is the balance of VAT collected in respect of your sales, less any purchases that have offsetable VAT, that can be used to reduce the amount that you owe. It is good practice to set...
If you have failed to provide for your VAT payment, there are various forms of short-term finance available that may help you to clear your VAT liabilities....
It is also possible that, if you need short-term access to funds, you can use this kind of business borrowing as an alternative to dipping into your VAT reserves....
if you receive a large order, whilst it can be excellent for the profitability of your company in the medium term, it can require cash to finance the production of any product, or staff for the...
http://www.fundinvoice.co.uk/blog/advice/post/5-financial-mistakes-you-may-have-already-made.html - 5 Tips If You Only Have One Customer
Most businesses start with one customer, however remaining reliant on just one customer can have serious consequences, which I detailed in my recent blog post "Help with invoice finance prime debtor...
The consequences of having a single debtor include:...
I have put our 5 tips if you only have one customer into an infographic which might be useful to any business that is struggling with a single debtor situation....
Some of the suggestions, like "take action immediately", might sound obvious. However, many businesses make good money from their one and only customer, hence they delay addressing the problem until...
These are our top 5 actions you can take to spread your risk and recruit more customers: ...
You will also find copies of this infographic on all our social media feeds, so please feel free to share our posts via social media....
Read our free Guide To Growing Your Business....
http://www.fundinvoice.co.uk/blog/advice/post/5-tips-if-you-have-only-one-customer.html - Budget For Your Invoice Finance Charges
We had an enquiry recently for funding for a small recruitment startup that was expecting to turn over a few hundred thousand pounds sterling. We provided them with a quote for factoring, prepayments...
The quote we initially found was for an all-inclusive fee of £3,800 + VAT per annum. This is reasonable for a whole turnover facility that enables them to draw funding against all their...
The issue was that the client had not budgeted for the financing costs within their financial projections, or therefore their sales prices. In that situation, any fee would of course seem expensive....
If you are starting a business, you need to first understand if you require financing. In many cases, there is a need for an injection of working capital, especially when starting a new recruitment...
When you plan a new startup, you should produce cash flow forecasts that show how the cash will flow through your business. These will indicate whether or not you are going to have working capital...
Your cash flow forecasts can be adjusted to include the effect of receivables financing services such as factoring or invoice discounting....
A far better approach is to include your financing costs within your budgets - we are happy to provide prospects with estimated costs in advance, and there are examples of invoice finance prices on...
If you argue that your margins are unable to tolerate the cost of financing then you either need to revise your business plan or find an alternative way of closing the funding gap, at a lower cost...
http://www.fundinvoice.co.uk/blog/advice/post/budget-for-your-invoice-finance-charges.html - Business Finance For Startups And Newcos
Conducting a small piece of research was a good way to find out how easy it is for a new startup to find its way to business finance brokers such as ourselves, who can help with invoice finance...
I used the situation of a company that is highly suited to using some form of cash flow funding - although they may not know the name of the product that they are looking for. The result was that it...
New startups that are looking for business finance are one of our target market segments. Although often they don't really know the type of product that they are looking for, they just know that...
Companies and Newcos in this segment are less likely to qualify for traditional forms of finance, such as start-up loans, so an invoice finance solution is likely to be an easy option, with several...
Watch our video: Will Banks Lend Money To Startups?...
So I put myself in the place of an entrepreneur looking to start a recruitment business in London, at the point that I have identified that I have a funding requirement - so without being specific I...
Over the last year, there have been somewhere between 25 and 100 searches a day via Google UK for the phrase "business finance". The chart below shows the volume of searches and how they have moved...
The chart above demonstrates that there are a number of people using this term, but the size of the subset that could be eligible for invoice finance is not apparent. However, it seems reasonable...
The first thing I notice is that as I type "business finance" into the browser (I was using Chrome), Google suggests some search terms to append the phrase "business finance" as follows:...
Some of those might be helpful to a company in the situation described, e.g. "solutions", "guide" or "brokers", but some are clearly not really relevant, e.g. "course" or "jobs". Are the more useful...
In this instance, I continued with the simple search for "business finance" but could have looked for commercial finance solutions....
The very top search result in Google is a paid advert by a loan company. The ad clearly states "No startups," so that is not going to help someone in my situation. The fact that they have included...
This kind of paid advertising is going to be very expensive. A quick look at the projected costs for this term suggests that I might have to pay £28+ per click in order to appear at the top of...
The next one down in the paid results is another loan option. When I dug around their site (I was careful to avoid incurring any cost for these advertisers), it says they can help startups with up to...
So I return to the Google search and look at the rest of the paid adverts at the top. There is one provider offering to compare 15 lenders. A number of funders then appear on the page. The top option...
So I returned to the Google search page (I am still only on page 1 here), and I selected the top of the organic search results. Remember that these are the options that Google has decided are most...
The top result is from a bank, and the entry reads, "Finance options for smaller businesses. Explore your finance options with The Business Finance Guide – a journey from start-up to growth . ....
From the list, I select "Improve Cash Position" as that seems most closely allied to the needs of a business that will have a tendency to use receivables finance. The site then displays the following...
So I return to the organic search results, and the next on the list is a Government site, offering "business finance support". Initially, I am presented with a long list of hundreds of options. The...
The next two organic results are for that bank again and the Business Finance Guide, again - duplicates of the result mentioned in detail above, so I skip past those....
The next result reads, "Find a business mentor. Whatever stage your business is at". I would suggest that someone in my situation might discount that option. I think it unlikely that they would be...
The next option is yet another loan provider, which I discount again, and then finally, the third option is a well-known invoice finance company. Their promotional paragraph talks about "invoice...
The other issue is that whilst the factoring company's offering may be suitable for me, it is just one of the many options on the market, and if I were seeking this kind of funding, I would want...
There are numerous different types of invoice funding on the market: selective facilities (where you can choose which invoices to fund), sector-specific offerings (such as construction finance and...
So, my quest to find some working capital funding for my London-based, small, new-start recruitment business was not easy. Many people would have given up way back or ended up talking to various loan...
There can be a bias in search engine results. These kinds of search engine results are often skewed towards offerings on Government sites and the websites of large companies that can afford the SEO...
Indeed, another piece of our research found that 51% of invoice finance users found their way to these products via their bank. With a further 15% going via their accountant. In the case of banks,...
Those who go via their accountant may also find the range of options to be somewhat limited. Again, our research suggested that, on average, accountants told us that they had links with only 2...
These results have shown how hit and miss it can be when a business suited to receivables funding uses the internet to try and navigate the funding landscape. The number of "blind alleys" and...
The best practice process through which to find these kinds of services is to use a good quality business finance brokerage service. Going directly to providers exposes the user to the risk of...
It is also good practice to look for testimonials about the broker from customers that they have helped. This will give you some comfort in the service that they provide. It is also prudent to...
A good broker will be aware of what is on the market, will be completely independent of any provider and will be prepared to provide free advice to businesses seeking business finance....
http://www.fundinvoice.co.uk/blog/advice/post/business-finance-for-startups.html - Calculating The Cost Of Leaving Invoice Finance Or Factoring
Calculating the cost of leaving invoice finance depends upon the type of facility that you have and the nature of the agreement that you have entered into....
Termination Guide...
There are various aspects to calculating the overall cost. Firstly, there may be a termination fee. Secondly, there may be additional costs that you will incur by having to undertake certain tasks...
The circumstances of the termination may also have an impact. For example, if the invoice finance company is terminating your facility, and collecting in their outstanding funds from your sales...
See our related guidance about Funders Withdrawing From The Marketplace....
Any termination fees should be set out in the agreement that you have entered into. You should read this carefully and seek legal advice if necessary....
Legal agreements can range significantly. In the case of selective invoice finance agreements, it is common practice not to require any payment if the customer no longer wishes to use the facility....
However, not all invoice finance facilities operate in the same way. Most full turnover arrangements will have some form of termination fee built-in. This may take the form of a minimum term for the...
In other examples, there may be a specified fee for termination of the arrangement. This may operate on a stand-alone basis or in addition to invoking some form of minimum fees. ...
As mentioned above, if termination of the arrangement involves collecting out the sales ledger, it is often the case that a percentage of the value of collected debts will be charged as a termination...
If you are considering leaving your invoice finance arrangement, you should read our free guide to getting out of factoring in order to understand the alternative options to using factoring, that may...
If you are considering moving from one invoice finance company to another, there may be some options regarding any termination fees or all costs that may be involved. This can include fees being...
You should be aware that if your provider is a member of UK Finance, the industry body for asset-based finance, formerly known as the ABFA, they have a strict code of conduct that includes charging...
The other aspect of the cost of termination, that is often overlooked, is the cost of undertaking the various services that may have been provided by the factoring or invoice discounting company....
These services could include the credit control function within a factoring arrangement. This may need to be replaced by establishing an in-house credit control function....
Alternatively, there could be other services such as payroll support that may need to be sourced elsewhere, or services such as bad debt protection which could require replacement via a credit...
The other substantial impact on the business, in terminating an invoice finance arrangement, is the effect on cash flow....
If you no longer have access to funds against invoices as you raise them, made available through an invoice discounting or factoring arrangement, you may need to replace this working capital with an...
You may be interested to read our fact sheet about common complaints about invoice finance before you decide to terminate your facility. There may be options available to you....
If you would like to speak to someone for some free advice about the alternatives that may be available, please call Sean on 03330 113622 and he will be pleased to assist you in understanding your...
http://www.fundinvoice.co.uk/blog/advice/post/calculating-the-cost-of-leaving-invoice-finance-or-factoring.html - Can You Finance This New Startup
Are you a lender that could help finance this new startup?...
CONTACT US...
We are trying to raise business finance of £75K (less might still be workable) for a new startup business that is acquiring the licence to operate the business of an existing company (that will...
The existing business has operated for several years, and its future trade will be taken over by the new company. Annual turnover should be c. £300K+ of credit card sales (the income stream of...
These are some more details:...
If you feel you may be able to provide the finance, even if at a reduced level, please contact Sean on 03330 113622 or email [email protected]...
http://www.fundinvoice.co.uk/blog/advice/post/can-you-finance-this-new-startup.html - Cheap Invoice Finance Offer
Our funding partners often come up with invoice finance offers and discounts to try and attract new clients. We have had one offering from one or our partners who is willing to offer a pricing...
This offer hasn't been added to our list at this time as we have only just heard about it, and it's very limited in terms of numbers so don't delay if you are interested....
There's no exact metric behind the level of pricing discount that they are going to be offering, but it costs you nothing to find out what they can do in your case....
The offer is on a first come, first served basis - so if you are looking for cheap invoice finance please get in touch with us and we will see if they can come up with an attractive pricing quote for...
REQUEST A CHEAP INVOICE FINANCE QUOTE...
If you are unable to qualify for this offer, there are still plenty of great invoice finance prices available at the moment. We can check the market for you and find out what kind of price you can...
We have found some really cheap deals for clients recently, so now is a good time to check prices and see how much you can save. When we have looked at the savings found for clients in the past, we...
http://www.fundinvoice.co.uk/blog/advice/post/cheap-invoice-finance.html - Close Brothers Invoice Finance
Voting has recently opened for the Business Moneyfacts Awards 2019. Close Brothers Invoice Finance, part of the FTSE 250 Close Brothers merchant bank, have been the winners of the award for the Best...
REQUEST A QUOTE FROM CLOSE BROTHERS...
The IDeal™ product remains their flagship, award winning invoice discounting proposition, allowing customers to upload their entire sales ledger from their accounting package, avoiding the need...
In addition to invoice discounting, they also offer full service factoring products (prepayments with a credit control service), asset based lending and bad debt protection (which can be added onto...
The newly launched "Liquidity Plus" is one of their more recent innovations, offering invoice discounting customers 100% prepayments for the short to medium term, to get them over a cash flow hurdle....
Their website demonstrates the variety of customers that they are able to help, currently showing recent new customers including clients from the following sectors:...
With use of funds stated as including: cash flow; growth; stock purchase and acquisition. The example facilities currently shown range from a few hundred thousand pounds of funds in use, up to tens...
Whilst prices are tailored in each individual case (and there may be additional fees) there are some example pricing brackets given on their website as follows:...
Close Brothers Invoice Finance remain a strong provider within the invoice finance space and one that many customers have praised during our independent market research studies....
Article written by Close Brother Invoice Finance for FundingVoice magazine: The IDeal™ Way To Manage Your Cash Flow...
http://www.fundinvoice.co.uk/blog/advice/post/close-brothers-invoice-finance.html - Free Confidential Help With Business Problems
If you are having business problems, you might feel that you would benefit from a free discussion, with an expert, in confidence. You could benefit from free help from external parties that may be...
There may be a variety of different business problems that you are experiencing, but some of the common ones may be a lack of sales, poor cash flow or potential insolvency. In each situation, we can...
If your issue is over a lack of sales, or an inability to find new customers, we have a partnership arrangement with a full-service marketing agency that is able to come up with a marketing plan for...
The marketing agency is very happy to have a confidential discussion with you about exactly what you need. They do not charge for this conversation and you have no obligation to go any further. They...
You may have concerns over the solvency position of your company. This could be a situation where you owe money to creditors, including HMRC, and you may be wondering how you can go forward or save...
If there is a way of saving your company they will help you to find it. In the first instance, they will be happy to have a completely confidential conversation with you, without making any charge....
Insolvency procedures could include placing your company into Administration on a temporary basis, or liquidation if there is no possibility of salvaging the business. However, in the first instance,...
We have the expertise to help you solve your cash flow problems. We provide a free quotation search and advice service to find you quotes for cash flow financing solutions such as invoice finance,...
Whatever the nature of your problem, call Sean on 03330 113622 for a friendly chat in confidence....
http://www.fundinvoice.co.uk/blog/advice/post/confidential-advice-about-business-problems.html - Debtor Backed Loan With No Trust Account
If you are looking to get out of factoring you might be interested in an option that presents a halfway house solution. This particular product offering is what could be described as a debtor backed...
It is early days with the provider, we are in the process of agreeing terms, but is an interesting product that could be very attractive to businesses that are concerned about having funds paid into...
With this particular product offering the amount of your loan, which can be over a term of up to 6 months, is agreed as a proportion of your outstanding debt a book. The level of funding can be up to...
The interesting part about this product is that you continue to receive your customer payments direct into your bank account, whilst making the monthly repayments on the loan. In this way, you...
The pricing for the facility is straightforward, with a monthly interest charge in respect of the funds that you have drawn down. In this way it is about as straightforward as pricing can be....
In order to qualify for the product, you have to have been trading for at least six months, and you have to have a reasonable credit history. However, there are no requirements for homeownership,...
If you are interested in getting a quote for this kind of facility please get in touch by calling Sean by calling 03330 113622....
http://www.fundinvoice.co.uk/blog/advice/post/debtor-backed-loan-no-trust-account.html - The Difference Between Profits And Cash Flow Need Help
There is a huge difference between profits and cash flow. A business can be very profitable but still have poor cash flow - profits are no guarantee that you won't run into a cash flow problem....
In high-level, layman's terms, profit is what you make on your sales, your profit margin. Cash flow is how the money from sales moves through your business against your costs....
So profit is what you make when you subtract your costs from what you charge for your products or services. For example, if you sell a box of office supplies at £1,000, and they cost you...
If costs were to exceed your sales, you would make a loss. If your costs are less than your sales, you make a profit....
Cash flow is the flow of money through your organisation, it is about the timing with which your costs have to be paid, and your income is received. So you can have a positive cash flow, where you...
So the cash flow in the office supplies example above might operate as follows:...
So you can see that profitability and good cash flow are completely different. A company can be profitable but suffer poor cash flow. If you need help with your business cash flow position, please...
http://www.fundinvoice.co.uk/blog/advice/post/difference-between-profits-and-cash-flow-help.html - Explaining Invoice Discounting And Factoring Charges
I wanted to share this really good example of how someone not familiar with invoice discounting and factoring quotations can end up misinterpreting the quotes when they try to make a comparison -...
GET A FUNDING QUOTE...
In this particular case, the prospect had two quotes, one from a provider we had found for them (the cheaper quote) and one they had sourced themselves and they (wrongly) believed it to be cheaper....
I have written before about the issues with comparing quotes, and we have a great deal of invoice finance pricing research that demonstrates how there are variations in charges and minimum fees,...
Also see this post: Check My Invoice Finance Price...
In this particular case, the prospect was focused on the discount charge (similar to interest on a loan) and how that compared between the two quotes. The discount fee in the quote we sourced was in...
The real issue was that the service charge, accounting for the remaining 82% of the fees, that we found was about a third of the fee that they were being quoted elsewhere. They were completely...
In addition to this, it transpired that the quote they had sourced was non-specific about the exact product that was being offered. Experience suggests to us that it is actually a factoring quote,...
http://www.fundinvoice.co.uk/blog/advice/post/explain-invoice-discounting-factoring-charges.html - Factoring Advantages And Disadvantages
If you are looking at using factoring as a source of funding for your business, you may be interested to understand the pros and cons....
Below, I have set out the factoring advantages and disadvantages in simple terms so that you can make an educated decision....
The biggest advantage is the improvement to your company's cash flow. As you raise new invoices to your customers on credit terms, they are forwarded to your factoring company, and they make a...
If you have an outstanding sales ledger of unpaid sales invoices, these pre-payments against all of those invoices can release a large lump sum of working capital for use within your business....
There are no restrictions on the purpose for which you can use this cash, it could be to make payments to your suppliers, pay off pressing creditors, pay HMRC or invest in expanding your business....
A factoring service includes an outsourced credit control function. This means that the factoring company will undertake at least part of the credit control activity for your business. The exact...
Using such an outsourced service can mean that you do not need to employ a team of credit control staff or have the burden of undertaking this task yourself. Once you take into consideration the...
This service may be even more useful if you sell to customers based abroad. Export factoring includes a credit control service for your foreign customers. This removes the need for you to employ...
If you select the right provider, the credit control service can lead to an improvement in your company’s debt turnover. This is the speed at which your customers pay. Using a professional...
One of the options available is bad debt protection. This can prevent your business from suffering the impact of a customer becoming insolvent and failing to pay you for goods or services that you...
Many providers offer other services that can be added to their basic facilities. These can include functions such as payroll management. This means that your staff payroll is handled by a third...
If you choose to use confidential factoring, you can enjoy all of the benefits of a factoring service but have it delivered in the name and branding of your company. This will make your business...
You can opt for a selective option so that you pick and choose the invoices to be funded. This allows you to control the costs and avoid any minimum fees....
To balance the advantages, these are the disadvantages....
There is, of course, a cost to using a factoring arrangement. However, as explained above, this can be offset against the benefits generated in many cases. In some cases, you can end up with a...
There are also many different ways of structuring the fees. They are fully inclusive arrangements with a single fee structure. There are selective spot factoring arrangements, whereby you pick and...
See our related post about Bundled Fees in Invoice Finance....
It must also be observed that there are significant differences between the fees quoted by different providers for the same business. In our research, we have found a 165% difference between the...
There is an element of setup required for an arrangement. This will include notifying your customers of new bank details for payments to be sent to. Many of the factors have processes in place to...
Some businesses worry about the loss of interaction with customers if a third party is undertaking their credit control activity. Whilst this does reduce the work burden on your company, you may...
The key piece of security required is the book debts of your company. Whilst this may seem obvious, once you have placed them with a factoring company, they cannot be pledged to a third party in...
It is also common to require personal guarantees, although this is not always the case. Often, the key reason for taking a personal guarantee is to ensure that no fraudulent invoices are submitted...
When you ask what are the factoring advantages and disadvantages, they are as set out above. Overall, it is often the case that the advantages outweigh the disadvantages of factoring. There can be...
http://www.fundinvoice.co.uk/blog/advice/post/factoring-advantages-and-disadvantages.html - Finance Against Fee Notes For Accountants
There is a specialist niche form of finance available to accountants who raise fee notes as they undertake work for their accountancy clients. These notes are not invoices, they are just a record of...
Finance can be provided against your "fee notes", raised to keep track of the work that you are doing for your clients. This funding is provided before you raise the invoice and receive payment,...
The funding can be provided for up to 6 months (a very extended period of time), so it can be useful in bridging the cash flow gap between undertaking the work, and getting paid by your client....
Typically, a prepayment of between 70 and 80%, of the value of the fee notes, can be made available to you. Accountancy practices are likely to have a turnover in excess of £500K per annum, in...
To give you an idea of the funding levels that might be achieved, if you had outstanding fee notes of say £100K, a prepayment of 80% could release up to £80K in one lump sum (note that...
You can use the advance for any purpose, this can include as acquisition finance, to assist in the acquisition of other accountancy practices....
If you are interested in finance against fee notes for your accountancy firm, please get in touch with us for a price quotation....
Previous article about (note the parameters were slightly less generous than this offer): Funding against accountant's fee notes....
http://www.fundinvoice.co.uk/blog/advice/post/finance-against-fee-notes-for-accountants.html - Finding Prepayments Against Applications For Payment
I wanted to find out how difficult it would be for a construction sector company to find prepayment finance against applications for payment....
As I have seen previously with other searches, Google delivers quite an unhelpful set of results when one searches for say "construction finance against applications for payment". This might be a...
GET A CONSTRUCTION FINANCE QUOTE...
The first results delivered, in response to my search for prepayments against applications for payment, were paid ads of which there were 4 at the top of the page....
The top result was from Bibby Financial Services, who are active in funding the construction sector, providing prepayments against even uncertified applications, so they could be a good result for...
The next advert from a Google advertiser was for a firm offering development finance, and loans for large-scale construction developments - not the type of funding I was seeking. The third result was...
Turning to the organic results (that come below the paid adverts), those that are not paid for but are based on Google's algorithm, the next result was Bibby once again. Their entry was followed...
The remaining results on the first and second pages of Google were for a variety of different funders that handle the construction sector. There were a couple of brokers within those results,...
The results are even more irrelevant if a customer were to search for "prepayments against applications for payment". The Google results ranged from NHS prescription prepayments to advice from...
Please call Sean on 03330 113622 if you need some help telling the wood from the trees in the construction sector prepayments against applications for payment. ...
http://www.fundinvoice.co.uk/blog/advice/post/finding-prepayments-against-applications-for-payment.html - Funding Self Insure And Accident Management Company Invoices
Whilst there are several car crash repair invoice finance companies, that will handle invoices to car insurance companies, not all of them will handle "self-insured" invoices, or invoices to accident...
"Self insure" and accident management company (AMC) claims are also able to be funded, under an invoice finance arrangement, by our bodyshop funding partners....
Typically these kinds of invoices arise in the following circumstances. Self-insure invoices occur in the case of some large organisations such as the NHS or say a large haulage firm. If their...
Typically the excess could be between £5,000 and £10,000 in some cases, so these could still be significant jobs. In such cases, the large organisation may choose not to make a claim on...
From the perspective of the garage that handles the repair, this can create a delay in receiving payment. Once they have completed the crash repair, the body shop will raise the invoice, and it could...
The way that the funding arrangement works, is that once the invoice is raised, and the work has been signed off by the relevant party within the organisation for which it is being undertaken, the...
The other kind of invoice that not all funders will finance are those to accident management companies. These are situations where an intermediary company is handling the car crash repair, on behalf...
http://www.fundinvoice.co.uk/blog/advice/post/funding-self-insure-and-accident-management-company-invoices.html - Latest Info Pack From FundInvoice
Download our latest business finance info pack, our version of a brochure outlining our services. It's in a PDF format and it details the business funding & invoice finance quote search, and...
You can get a copy of our brochure/info pack here: FundInvoice Info Pack...
It includes:...
If you would rather speak to someone about what you need please call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/advice/post/fundinvoice-info-pack.html - Resubscribe To FundingVoice Magazine Ahead Of GDPR
There has been a deluge of GDPR-related opt-in requests received recently. It might seem like every business you deal with is contacting you to ask you to confirm your marketing preferences or to opt...
Put very simply, GDPR (General Data Protection Regulation) is new legislation that relates to your data protection rights, and it is due to take effect tomorrow. Hence everyone is tightening up their...
You may have been contacted asking you to resubscribe to FundingVoice magazine, our business funding and invoice finance e-publication. It is emailed to our subscribers each month. It is the best way...
If you haven't received the magazine, it could be that your details have been deleted from our mailing list, if so you can renew your free subscription by following the instructions below....
If you need to resubscribe the process is easy, just follow the link below, enter your email address and press submit. You will receive a confirmation email where you click a link to confirm your...
Subscribe to FundingVoice Updates...
http://www.fundinvoice.co.uk/blog/advice/post/gdpr-resubscribe-to-fundingvoice-magazine.html - Free Guides Relating To Business Finance
This post sets out several free guides and "how to . . ." articles that relate to getting invoice finance and also leaving that type of funding. We have published a generic Cash Flow Guide that gives...
We have several related advice articles and guides about how to stop using invoice funding:...
On the topic of trade financing:...
http://www.fundinvoice.co.uk/blog/advice/post/guides-relating-to-business-finance.html - Hive Project Strike Deal With Gosocket Over Half Billion Of Blockchain Based Invoice Finance
It was nice to be contacted by a representative of the Hive Project to advise, prior to general release, that they have struck a huge deal with Gosocket, to establish a joint invoice financing...
They report that there are half a billion of eInvoices ready to be funded via this portal....
Gosocket is a network that connects companies in Latin America through their sent and received E-Invoices....
Blockchain is the mechanism that underpins cryptocurrencies but also has a growing number of other applications, including use by invoice financiers....
There is a link on my Twitter feed to the article from the Hive Project if you would like to read all the details....
http://www.fundinvoice.co.uk/blog/advice/post/hive-project-deal-with-gosocket-blockchain-invoice-finance.html - How Many Invoice Finance Quotes Do You Need
Following an enquiry from a prospective client we found out that they were looking for invoice finance quotes and, as is sometimes the case, they told us they hadn't been speaking to anyone...
This is something that we see occasionally, it seems like some clients feel that they will get a worse quote if they tell us about what they have received already. That is not the case. If a customer...
See our article: How Many Factoring Quotes?...
The complication of using several brokers, beyond the repeated introduction of the same prospect to the same funders over, and over again, is that the client can be inundated with numerous quotes,...
If you are using a broker who has access to the UK market, you only really need that one broker, and it is best to go via the broker for your quotes - often, as in our case, they may have access to...
Of course, there are brokers and other third-party introducers - such as some accountants, that only deal with a small number of providers. Therefore, if you choose the wrong intermediary you could...
So, how many invoice finance quotes do you need? Some people will say just the best pricing or perhaps the only party prepared to fund a difficult situation. Generally, clients seem to want to...
Related article: "How Many Factoring Quotes Should You Get?"...
http://www.fundinvoice.co.uk/blog/advice/post/how-many-invoice-finance-quotes.html - How To Avoid Invoice Fraud
Working within the invoice finance arena we are always very aware of the potential for fraud. The large amounts of money that a fraudster can potentially extract from finance companies make them...
Invoice fraud is where a fraudster will try to trick businesses into paying an invoice. The invoice may be fictitious, or they may use a legitimate invoice but ask that payment is sent to their bank...
We receive a steady stream of fraudulent invoices by email, although we have also had them by post. Often they will be headed with an invoice number and requesting that we make payment. At a glance...
New research from UK Finance (covered in Mondovisione) suggest that invoice fraud may be affecting a vast number of UK businesses. Their "Fraud The Facts 2018" research suggests that in 2018 alone...
Their research suggests that significant percentages of UK businesses have experienced such frauds:...
You will note the increasing incidence as the size of the organisation grows....
Further research by UK Finance suggests that some 43% of UK businesses may be unaware of invoice fraud. Below are some simple steps that explain how to help avoid falling victim to invoice fraud....
There are a number of steps that you can take to help protect your company against invoice fraud:...
http://www.fundinvoice.co.uk/blog/advice/post/how-to-avoid-invoice-fraud.html - How We Can Help You Find Business Finance
Having reviewed our progress, I can report that we have again managed to increase the number of companies that we have assisted by a substantial percentage from last year....
REQUEST A BUSINESS FINANCE QUOTE...
We have published two new free guides:...
We have continued to specialise in helping customers find business finance in difficult situations, unable to find the business finance that they need. Often they have been declined by lenders. Our...
Finding cost savings for clients is an important part of the service we offer. Research this year has shown that we can help find business finance in most cases. The average cost saving found for...
We have published a summary of our Invoice Finance Pricing Research....
Also, see this article: Check My Invoice Finance Pricing...
We set a new record for a turnaround this year of just 7 hours between enquiry and release of funding to a client....
Many of the customers that we help are in difficult situations that require an innovative approach. Below are just a few examples of recent deals where we were able to use our extensive contacts and...
The first was a customer who was seeking invoice finance and trade finance for a business being set up between two friends. One of the friends had been involved with a previous business that was...
The second example was a company that had traded with a large prime debtor, on a sale or return basis, for several years. Numerous lenders had declined the prospect, but we found them a lender that...
Another example demonstrates how we helped a business that had completely misunderstood how to compare quotes. They were comparing products all based on just the discount charge. We identified that...
These are just a few examples of how we can help anyone looking to raise funding or commercial finance for a company. For support please call Sean on 03330 113622 for help finding the business...
http://www.fundinvoice.co.uk/blog/advice/post/how-we-can-help-find-business-finance.html - IGF Have GBP30m New Funding Line From The British Business Bank
Hot off the press, we hear that IGF (Independent Growth Finance) have a new £30 million funding line from British Business Investments, which is part of the British Business Bank....
The British Business Bank, which has it's headquarters in Sheffield, is a development bank that is wholly owned by the UK Government. It was originally announced, back in September 2012, with...
If you would like us to introduce you to IGF, to discuss business finance, please request a call back mentioning IGF....
http://www.fundinvoice.co.uk/blog/advice/post/igf-30-million-from-british-business-bank.html - Invoice Finance Facility
In the last 12 months, FundInvoice have assisted many hundreds of UK businesses with advice, and in many cases, helped find an invoice finance facility. A 25% increase over last year....
REQUEST A NO-OBLIGATION CALL BACK...
We provide a high-quality, personal service to find you the best facility for your business. Our service has resulted in us receiving glowing testimonials from satisfied clients. Our average customer...
We deal with a wide range of different providers so that we deliver choice to clients, rather than representing just one or two providers. We are totally independent of the providers....
We have been Finalists at the Business Moneyfacts Awards for the last 4 years running from 2015 to 2018.....
As a prospective client, you will be assisted by one of our experienced consultant partners. Between our 2 partners, we have 60 years' experience within the sector. Both partners hold ABFA...
We have produced a comprehensive free Guide To Invoice Finance that explains how the products work and gives examples of the pricing you can expect. We can advise you about the likely costs in your...
What makes us different is that we have conducted and shared the results of our extensive catalogue of market and customer research articles about business finance. Our research findings are posted...
This year, we have extended our customer offerings to include a number of new invoice finance providers. We have expanded to include a diversified selection of additional services such as additional...
We are the UK's first invoice finance brokerage to incorporate the use of this research into the process that we use to guide prospective clients in order to pair them with suitable providers....
http://www.fundinvoice.co.uk/blog/advice/post/invoice-finance-facility.html - Invoice Finance Is Not An Alternative To Having A Viable Business
I spotted a recent article published regarding the financial woes of a direct mail business. The business has apparently failed, despite having a 100% prepayment from an invoice finance facility. The...
In this particular case, the article alleges that the direct mail business owed almost £1M to creditors when it went out of business. Apparently, the direct mail business had experienced a...
The article goes on to explain that at that time, their funder had an advance rate of 100% on their invoice finance facility. This is a very high advance rate, there are providers that will offer...
A better option would be to review the whole business model and see if any of the business is salvageable and quantify the possible upside from an alternative marketing strategy aimed at growing the...
In cases where underlying sales are not performing as desired, we have a full-service marketing agency on hand that will provide an initial free consultation to prospective customers. This can be...
If you are concerned about the solvency of your business, you can use our contact form to request a free, confidential call back from Andy Pear, an Insolvency Practitioner with Moorfields to discuss...
http://www.fundinvoice.co.uk/blog/advice/post/invoice-finance-is-not-an-alternative-for-a-viable-business.html - Invoice Finance Practices To Watch Out For
Whilst having a meeting with one of our funding partners, we started discussing practices that can mislead customers, that we have come across around the invoice finance industry. I thought it might...
I have posted before about the research we have conducted into the setting of minimum fees. Most of the whole turnover invoice finance companies will set a minimum monthly fee, however, they tend to...
However, in some cases, the minimum fee has been set a a figure that exceeds the expected service charge if the customer achieves their anticipated turnover. This means that the service charge...
This is an example of how that works....
If you were to be quoted say 0.5% on turnover of £1,000,000 per annum, that would be a service charge of £5,000. However, if the minimum monthly fee is then set at say £500 per...
Two aspects of the discount charge were discussed....
Firstly, the practice of quoting a daily rate of discount, which to the layman compares very well with an annual discount percentage. The example given was a customer who had been quoted a 0.015%...
If you want to know how to work out the discount charge see the section "Calculating Discount Charge" in our guide to factoring....
The second aspect of discount charge was that we had come across an example of a minimum base rate being charged. Several of those present recalled discussions with accountants who were not able to...
For example, if the base rate is say 0.75% with a margin of 2%, that is 2.75% per annum. On funds in use of say £100K, that would be £2,750 per annum (ex an applicable VAT). If there is a...
There were other practices discussed, such as differences in pricing according to previous deal underwritten (effectively discounting new prices), and variations in risk approach based on random...
http://www.fundinvoice.co.uk/blog/advice/post/invoice-finance-practices-to-watch-out-for.html - Nucleus Commercial Finance Lowers Its Unsecured Business Loan Rates
Nucleus Commercial Finance has, as of yesterday, lowered its unsecured business loan rates once again....
Interest rates now start from a flat rate of just 5% (for an "A band" credit risk client, with a business loan on a 3 to 12 month term)....
CONTACT NUCLEUS COMMERCIAL FINANCE...
They are able to offer longer terms, up to 36 months, and they will deal with lower credit risk clients, but the rate will increase to reflect the additional risk associated with a longer loan term...
If you would like to understand the costing for your company, based on the repayment term that you would like, please use the link above to request a quote from Nucleus for an unsecured business...
Please note that the rates could change at any time....
Read more about: Nucleus Commercial Finance...
Read more general information about: Business Loans from the full range of lenders, and for help with the range of providers please call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/advice/post/nucleus-lowers-unsecured-business-loan-rates.html - Prepayments Against Invoices To NHS Trusts
I saw an article about slow and late payments from NHS Trusts in HSJ online magazine (27/09/18). The article alleges that according to data obtained under a freedom of information request, 44 out of...
These slow payments may be causing a significant cash flow problem for non-NHS suppliers to NHS Trusts, and invoice financing could be used to bridge the gap between invoicing, and getting paid....
GET A QUOTE FOR INVOICE FUNDING...
Contract regulations for public bodies require that payments be made to non-NHS suppliers within 30 days. To be honest, for some businesses even a 30-day delay to receive payment will be too much for...
The finance can also be accessed against existing invoices, as well as those that you raise going forward. Therefore, if you already have an existing sales ledger of outstanding invoices to NHS...
There are two kinds of funding arrangements. Firstly, to maximise your cash flow you could enter into an ongoing arrangement whereby all your invoices past, present and future (with some pre-agreed...
Whichever option you choose, you don't need to worry about the time that debtors will take to pay. If you wish you can also opt for a full credit control service, so that you don't even...
http://www.fundinvoice.co.uk/blog/advice/post/prepayments-against-invoices-to-nhs-trusts.html - Same Day Business Funding A New Record Turnaround
We have just set a new record for the time it takes to turn around a business finance enquiry. We arranged same-day business funding for a client, with approximately 7 hours between enquiry and them...
REQUEST A CALL TO DISCUSS FUNDING...
We were contacted in the morning by a car crash repairs coachworks business that was looking to receive invoice finance against their invoices, to release some cash for immediate use. We introduced...
The client submitted their first batch of claim-related invoices, to the finance company, that day and funding had been transferred to the client by the end of the day. They were looking for fast...
That is a deal that we have been able to turn around, from enquiry to payment, in a single day - they received cash against their invoices on the same day that they contacted us....
If you need some help raising money quickly, we can help. Please call Sean on 03330 113622 and he will help you find the finance you need, at a speed that suits you....
More information about Funding car crash repair invoices to insurers....
http://www.fundinvoice.co.uk/blog/advice/post/same-day-business-funding.html - Why Factoring Is Used
Previously I have written about the perception of one of the invoice finance providers that factoring is growing in popularity. To a certain extent, in recent times, the industry statistics do show a...
This post just explains the reasons why companies use factoring rather than other forms of invoice finance....
The key difference with that factoring is that the funder also provides a credit control service to their client, in addition to the cash flow benefit of receiving prepayments against unpaid sales...
The credit control service means that the factor takes over the collection of your outstanding sales ledger of invoices to customers. This means that they will send out paperwork such as statements...
This can deliver a significant benefit for a small or medium-sized business, as it can mean you don’t need to either chase invoices yourself or employ a credit controller, saving money....
The only proviso is that not all factoring services offer equivalent credit control services. In some cases, the service is provided whereby the factor will only chase the largest accounts on your...
These collections services can also be extended to include export debts, to customers based in foreign countries. Once again, this can relieve the headache of having to employ your staff with foreign...
Find out more about Invoice Factoring Solutions....
http://www.fundinvoice.co.uk/blog/advice/post/why-factoring-is-used.html - Asset Cash Release Up to 120 Percent Funding
Top up finance with an advance rate of up to 120% of your sales ledger....
We have just had notification from one of our panel of invoice finance companies that they can now offer total ABL funding of up to 120% of the value of your sales ledger....
They have just launched Asset Cash Release, an ABL (asset-based lending) solution which can top up the amount of finance that customers can access. For facilities of between £50K and £1M,...
They promise a simple, single application process and one point of contact from application to ongoing client management....
If you have an unexpected bill or a new opportunity for growth, this kind of top-up finance could be a good option....
Please contact us or call Sean on: 03330 113622 for more details and the full terms and conditions....
http://www.fundinvoice.co.uk/blog/asset-based-finance/post/abl-asset-cash-release-120-percent-funding.html - Equipment Finance For UK Companies
Equipment finance for UK companies allows them to purchase plant, machinery or business equipment without having to make a significant capital outlay upfront. Instead, payments are spread over a long...
This type of financing can enable a company to invest in plant, machinery or other types of equipment without having to pay for it immediately. In some cases, even if you have already purchased...
GET AN EQUIPMENT FINANCE QUOTE...
Equipment finance is a type of asset finance that works by spreading the payment for a purchase over a long period of time or allowing you to hire the equipment without incurring the outright...
These types of funding can be applied to a variety of different assets, including...
If you are an equipment seller, we can help arrange a blanket financing arrangement that you can offer to your customers. Providing customers with this type of financing arrangement can help increase...
http://www.fundinvoice.co.uk/blog/asset-based-finance/post/equipment-finance-for-uk-companies.html - A Simple Explanation Of Asset Based Finance.
We had a recent meeting with one of our funding partners, that position themselves as an asset-based finance company. That means that they are able to fund against a variety of assets, including the...
They gave a really simple explanation of asset-based finance (sometimes called Asset Based Lending or ABL), which I thought summarised how it works perfectly....
An asset finance company looks at the assets within a client business, to raise business finance against those assets....
Our funding partner described the way that the process works as follows. The ABL funder will ask how much money the client company wants to raise, and what available assets there are to support that...
There are interesting differences between the asset finance approach of different providers, particularly those that operate within the receivables financing marketplace. Some invoice funders require...
See our related article about Stock Finance....
In simple terms, the idea of "how much do you want to raise?", and "what assets do you have available?" Is a very simple explanation of how true asset finance companies work....
http://www.fundinvoice.co.uk/blog/asset-based-finance/post/simple-explanation-of-asset-based-finance.html - Stock Finance Loans Funding For Unsold Unfinished Goods
Stock finance is a valuable funding solution for businesses needing to unlock cash tied up in unsold or unfinished goods. Whether you’re managing surplus stock or uncompleted inventory, stock...
REQUEST A STOCK FINANCE QUOTE...
Stock finance is a financial solution that enables businesses to unlock capital tied up in the amount of stock they are holding. This can include raw materials, unfinished goods, and unsold products....
The term can also be used to describe a range of facilities that are not linked to stock values held but are used to purchase additional stock or raw materials....
Inventory or Stock finance loans can be a difficult type of facility to find. There are some large ABL (Asset Based Lending) lenders that offer it, but typically it is for very substantial amounts...
This difficulty is not the case with all providers. We have found an option for a standalone stock-backed loan from a UK-based finance house that is taking a very innovative view. This option can...
Managing cash flow is one of the biggest challenges for businesses that hold large amounts of stock. Whether you’re a manufacturer waiting for goods to be completed then sold before you get...
Without access to the right funding, businesses often find themselves in a cycle where capital is tied up in stock, leaving them unable to purchase new materials, pay suppliers, or cover operational...
Stock-backed lending solutions help bridge this gap, ensuring businesses don’t have to miss out on growth opportunities due to short-term cash constraints....
This financial solution is beneficial for businesses with significant stockholdings. Businesses that tend to hold stocks or an inventory of raw materials include:...
While almost any company holding stock can benefit from funding secured against inventory, certain industries rely on it more than others. Some of the most common sectors include:...
By using inventory-based funding, these businesses can access working capital without waiting for sales to clear....
Some of the benefits of stock-based funding include:...
While securing finance against stock can be an effective funding strategy, businesses should consider the potential risks:...
Before taking out any working capital facility secured against inventory, it’s important to assess these factors and ensure it aligns with your cash flow plans....
Now there is an option for normal SMEs that are seeking stock finance. One of our panel of funders provides a stock-based funding facility that can stand alone, or be used in addition to most...
There are no early repayment charges and you will not have to change the way that you handle your stock....
This facility can be used to finance either imports from abroad or supplies from UK suppliers. This can be useful in situations where companies have sought to resupply from UK-based providers, in...
The facility can operate as a revolving loan that is drawn down and repaid multiple times....
Furthermore, the facility can be used to finance:...
In many cases, other funders will require goods to be finished and presold, i.e., the buyer has existing orders for the goods. that are already in a finished state. This is NOT the case for one...
The stock financing application process is as follows:...
For more information about financing finished goods against presold orders please see our guide to trade finance. This can be used for purchases from UK suppliers or those based abroad....
As an example, if products such as food ingredients are being purchased from one supplier, and packing materials such as jars are purchased from another, both could be paid for. The buyer will then...
We were able to find a stock finance facility for an importer of electrical products from overseas. In this case study, the electrical products were being used in the supply of EV chargers for...
Read the British Business Bank's article about Asset Based Lending Including Stock....
If stock finance isn’t the right fit, there are other ways to leverage their stockholdings for funding:...
Understanding all available options ensures businesses make informed financial decisions that align with their growth plans....
The facility can release between £25K and £300K to a UK company. The funds can be paid away to suppliers for purchases that do NOT have to be finished goods....
The business needs to hold stock or raw materials to qualify for funding, these should be non-perishable items. This asset underpins and provides security for the finance....
Typically, a personal guarantee from at least one homeowning director will be required, although a third-party guarantee may be accepted in some cases....
Fees and pricing will be agreed upon on a case-by-case basis, but typically include interest on the amount outstanding for an initial 30-day period, with additional days charged on a pro-rata basis....
1) What is stock finance?Stock finance is a form of funding that allows businesses to unlock capital tied up in unsold or unfinished goods. It provides companies with working capital to manage cash...
2) How does stock finance work?A lender assesses the value of your stock and provides funding based on a percentage of that value. The stock serves as security, and as you sell inventory, the loan is...
3) What types of businesses can benefit from stock finance?Stock finance is ideal for businesses that hold significant levels of inventory, such as:...
4) What types of stock can be financed?...
Most lenders can finance a range of stock, including:...
However, perishable or highly seasonal goods may have stricter lending criteria or be ineligible....
5) How is stock valued for finance purposes?...
Lenders typically assess stock value based on factors like:...
6) What’s the difference between stock finance and inventory finance?While often used interchangeably, stock finance usually refers to funding tied to existing stock, whereas inventory finance...
7) Can other assets be financed in addition to stock?...
Yes, you could explore structured finance, which uses a blend of different assets to maximise funding levels....
8) How do I apply for stock finance?...
To apply for tailored stock finance solutions, our team can help connect you with the right lender. Get in touch today at 03330 113622....
http://www.fundinvoice.co.uk/blog/asset-based-finance/post/stock-finance-loan-unsold-unfinished-goods.html - Using Property To Secure A Business Loan
The daily update from UK Finance, the trade association for the banking and finance sector, included a "stat of the day" that average house prices have risen by 1,382% since 1978 (they say according...
Whilst that creates all sorts of problems for those trying to enter the housing market, it can mean that you may have a valuable asset against which to secure business finance, such as a business...
APPLY FOR BUSINESS FINANCE...
There are situations where you may need to have some form of additional security in order to access business finance. For example, a new startup with no trading history is likely to be eligible for...
Another instance where property can be used is where there are issues with your trade receivables, such that it is restricting your funding levels within a receivables financing arrangement. This...
The final scenario is where there is a previous poor credit history (e.g. CCJs), or previous business failures (e.g. liquidations), that are stopping you from accessing the business finance that you...
http://www.fundinvoice.co.uk/blog/asset-based-finance/post/using-property-to-secure-a-business-loan.html - Alternative Finance If Declined By A Bank
Alternative finance can help if your company is having difficulty finding business finance through traditional sources i.e. banks. If you turn to the alternative finance market it will provide you...
There are plenty of alternative finance solutions here, we have arrangements in place with a large number of funders that can help in a wide range of circumstances. These include alternatives to...
One option is a business loan from an alternative lender. The criteria applied by an alternative funder are likely to differ from the banks. So even if you didn’t qualify for a bank loan, there...
Another option is invoice financing. This is funding against your sales invoices so that you don’t wait for them to be paid before you receive funds. If you have a large sales ledger of...
Because this type of funding is secured against your outstanding sales invoices, the funder can take a more liberal view regarding the credit standing of your company....
We have funding partners that are prepared to finance the full range of businesses from start-ups without a track record, to fast-growing companies through to companies that are in CVA or are...
To understand the options that are available to your company, please contact Sean on 03330 113622 to discuss how we can find your business alternative finance....
Article: Find out more about Alternative Business Finance....
http://www.fundinvoice.co.uk/blog/bad-credit/post/alternative-finance.html - Business Finance With Bad Credit
Getting business finance with bad credit whether its your company that has a bad credit history, or you personally, appears to be a concern for a number of businesses....
I recently read an article online about how to improve the credit rating of your business, clearly, production of the article had been prompted by a need that the authors had identified for companies...
It gave lots of good advice for improving your credit rating such as:...
Whilst it's good to know, some companies are not going to be in a position to have credit facilities increased or to reduce balances. The reality is that it can take a long time, and a lot of...
I felt the need to comment on the article as factoring is a freely available source of business finance that often has little regard for your credit history (company or personal) as it tends to focus...
You may not believe it but you can raise substantial amounts of cash through this methodology despite having issues such as court judgement against your company or even being in a Creditor's...
The comment that I posted on the article about improving your credit was something like this:...
"If you are a company with a poor credit rating you are highly likely to still be able to raise money through factoring. Factoring can release c. 85% of your unpaid sales invoices for you to use for...
So whilst rebuilding your credit may be a stepping stone to getting finance, you may be able to skip to the end goal and raise that finance through factoring. That money could be available in just a...
http://www.fundinvoice.co.uk/blog/bad-credit/post/business-finance-with-bad-credit.html - Business Funding For A Discharged Bankrupt Director
We have expertise in helping companies that have struggled to raise the business funding that they need elsewhere. There can be for many different reasons, but one that we are currently working with...
Bankruptcy is where an individual cannot pay their debts (they are insolvent) and either they petition a Court to be made bankrupt, or they are delcared bankrupt following a petition by one of their...
Personal bankruptcy tends to work such that after the first year, a person may become “discharged”, although it is not always the case, and is at the discretion of the bankruptcy trustee....
Once a person is discharged, this releases them from the debts which were covered by the insolvency arrangement, and it also relaxes the restrictions of that arrangement. Again this is not always the...
You may think that in a world that relies so heavily upon your credit report and credit score, that you won't be able to raise money for your business after being made bankrupt. This is not the...
Not all invoice finance companies are prepared to handle such situations, but there are a growing number that will take a sympathetic view, where a director has had prior personal credit problems....
The key reason for this flexibility is that a factoring company is able to look at the value of the company's book debts, and use those as security for the advance, rather than looking at the...
Call Sean on 03330 113622 if you are having trouble finding finance for your company, and need some help from sympathetic lenders....
http://www.fundinvoice.co.uk/blog/bad-credit/post/business-funding-for-a-discharged-bankrupt-director.html - Can I Access Invoice Finance With CCJs
Analytical software allows you to see exactly how people are finding your website, and which search terms they are using. I just noticed a repeated search phrase being used "Can I access invoice...
A CCJ is a "County Court Judgement", a type of court order that can be registered against you, or your business if you fail to pay a creditor. It can stay on your credit record for six years. There...
GET AN INVOICE FINANCE QUOTE...
Returning to the question of accessing invoice finance (IF) with CCJs, the answer to that question is likely to be "Yes". To an extent, it will depend upon the circumstances of the CCJs but providing...
The feature of IF that makes this possible is that the funding is secured on the value of your book debts (what your customers owe you), rather than the credit standing of your company, as a loan or...
There are a number of articles on our site that might be helpful:...
http://www.fundinvoice.co.uk/blog/bad-credit/post/can-i-access-invoice-finance-with-ccjs.html - Help For A Roofing Contractor Declined Due To A CCJ
I wanted to share this interesting case that we are in the process of assisting. It concerns a roofing contractor, working within the construction sector, that has a low-value CCJ (County Court...
Firstly there is the issue of the company operating within the construction sector, of course, not all invoice finance companies will deal with construction-related companies, however, there are a...
The second issue is of course the presence of previous adverse credit history, in the form of the court judgement, albeit from several years ago....
The company had approached us as they had just been declined, at the last minute, for invoice finance from one of the growing number of selective invoice finance companies that have recently entered...
Within the invoice finance sector, there are providers that will still be prepared to overlook this type of previous poor credit history, as they tend to base their funding decisions on the quality...
We have already placed the deal with a specialist provider that says they will be able to help (despite the judgement). I thought it may have been an interesting example of how some in the...
So often we see customers that have been declined for finance by their bank (often their first port of call when they need some additional working capital), or indeed other lenders, and they then...
If you have been having trouble finding the business funding that you require, please contact FundInvoice as we may be able to help you, even when others have not been able to deliver what you need....
http://www.fundinvoice.co.uk/blog/bad-credit/post/ccj-roofing-contractor-declined-for-invoice-finance.html - Examples Where We Helped Companies Declined For Business Finance
Previously I have posted about how we often help companies that have been declined for business Finance. These are a few examples of deals where we have been able to help in circumstances where the...
These are a few examples of the situations that we have been able to help with, each one has a link to the case study that explains the situation and how we were able to assist the company in...
See our related article about Why Invoice Finance Applications Get Rejected....
If you are having problems finding the finance that your company needs due to similar difficulties, please give FundInvoice a call on 03330 113622 and we will help you....
http://www.fundinvoice.co.uk/blog/bad-credit/post/examples-fundinvoice-helped-companies-declined-for-business-finance.html - Help When Declined For Business Finance
Rejection for business finance is not something anyone wants to experience, but there are normally still options if you know where to look....
I was looking through some completed deals and it struck me how many had been declined for business finance before they came to us, and how many we were still able to help....
We specialise in being able to help when you have been declined for business finance elsewhere. Often we have been able to assist companies who think that there are no options available to them. It...
Read more about Alternative Business Finance....
We have experience in finding replacement, and alternative finance for a variety of product types. This includes receivables financing, business loans and alternative trade financing,...
These are just a few examples of companies that we have been able to assist after others have turned them down:...
If you have been declined or rejected for business finance, please call Sean on 03330 113622 as we can help you where others have failed....
http://www.fundinvoice.co.uk/blog/bad-credit/post/help-when-declined-business-finance.html - How To Get Invoice Financing With Bad Credit In The UK
How to get invoice financing with bad credit in the UK is addressed in this article. Below are the steps to follow to get approved and the pitfalls to avoid....
GET QUOTES NOW...
Everything seems to revolve around credit ratings these days. Therefore, it can feel like you can't get access to business finance if you have bad credit....
However, even if you have a bad personal credit history or your company has bad credit there are still options to get invoice financing for your company....
Below are some steps to help you get approved....
See our specific product information about invoice financing. It will explain how these services can release cash against your unpaid sales invoices and improve cash flow....
This can release more money than other forms of funding such as loans....
Bad credit can occur if you become insolvent but it can also occur if you miss payments, have too many credit searches in a short period or get into a dispute with a supplier. Sometimes this can lead...
Why is bad credit an obstacle to securing financing? Past performance is often the only indicator of future performance. Hence many financiers look at your credit history to evaluate you as a...
If you have a prior bad credit history such as CCJs (County Court Judgements) or prior insolvencies, this can be a problem for many lenders. This can be especially true if you are seeking a business...
You could seek to rebuild your credit score but that could take a long time and there may be interim financing options available that don't rely on credit standing....
Related content: If you have been declined by a bank see this article: Alternative finance if declined by a bank ...
Many financing services rely upon the financial strength of the borrower to ensure certainty of repayment. This is not the case for all types of business lending....
One set of business financing products known as "invoice financing" is predicated on the strength of the book debts rather than your financial strength or that of your company....
This means that invoice finance companies can often overlook bad credit and still offer business finance despite your negative credit history...
Our guide to invoice finance gives more detail about the different product types and services. However, a service such as factoring (funding and credit control services) is the most likely to be...
The additional control of the funder collecting your sales ledger dramatically improves your risk profile from the funder's perspective. This enables them to offer finance where other services...
Selecting the right service, such as invoice factoring, can be a good way to increase your chances of being successfully getting approved. This product is most widely available even in cases where...
Presenting the funder with a strong proposition is also a great way of improving your chances of approval. Understand how much finance you need to raise to make your cash flow projections work....
Follow these key tips:...
See our article about avoiding getting rejected for invoice finance....
Choosing the right invoice finance provider is essential. Not everyone offers funding to companies with bad credit but some take a very sympathetic view....
You might benefit from the support of an invoice finance broker who can guide you as to which funders will deal with bad credit situations....
There are of course many other types of funding you could use, but many are likely to be difficult to obtain with bad credit....
Methods that are based on assets rather than credit history, such as stock finance or asset finance, are likely to be easier to obtain....
These are some case studies and examples of situations where we have helped companies with bad credit find invoice financing....
These are some specific pitfalls to avoid when seeking invoice financing despite having bad credit:...
See also examples where we helped businesses who were declined for finance....
Whilst it may seem difficult to source invoice financing with bad credit in the UK, there are providers that specialise in helping such cases. The steps above can be followed to improve your chances...
Call us on 03330 113622 for support and introductions to sympathetic funders who will be able to provide UK invoice financing despite having bad credit....
Absolutely. Invoice financing is often accessible to businesses with poor credit because the focus is on the creditworthiness of your customers rather than your credit history. If your customers are...
There are two primary types: invoice factoring and invoice discounting. Invoice factoring involves selling your invoices to a lender who then collects the payments directly from your customers....
Factoring is likely to present the least qualification challenges for businesses with bad credit....
Yes, many lenders will still consider your application even if your business has a CCJ. While having a CCJ might lead to stricter terms or higher fees, it doesn’t automatically disqualify you....
The process is relatively quick compared to traditional financing methods. Once your invoices are verified, you can typically receive funds within 24 hours. This speed makes invoice financing an...
Businesses with bad credit might incur slightly higher costs due to the perceived increased risk. These fees are often outweighed by the benefits of improving cash flow, enabling you to pay bills on...
Yes, invoice financing can positively impact your credit score. By converting your outstanding invoices into immediate cash, you can pay off debts promptly, which helps in maintaining or even...
Qualification criteria for invoice financing with bad credit will typically focus on demonstrating that your customers are reliable payers. Lenders will evaluate the creditworthiness of your...
http://www.fundinvoice.co.uk/blog/bad-credit/post/how-to-get-invoice-financing-with-bad-credit-in-the-uk.html - Invoice Discounting Can Be Available After A Liquidation.
If your business fails it can feel like the end of your world. What's worse is that you might struggle to get back into business, as traditional lenders don't want to support your new...
We had a case recently where a director's previous company had gone into liquidation and been wound up, following a winding-up petition from a creditor. To most people, this would appear to be...
Traditional lenders may well turn down such an application, because of the track record. However, an invoice discounter focuses on the value in your sales ledger, rather than just your financial...
With disclosed invoice discounting (DID), you get to continue to maintain your sales ledger and chase up your own customers for payment. Some companies prefer this to factoring as they like to keep...
DID can be a good compromise if you would prefer not to use factoring, but don't qualify for confidential invoice discounting (funding only where customers are not aware of the involvement of...
http://www.fundinvoice.co.uk/blog/bad-credit/post/invoice-discounting-after-winding-up-liquidation.html - Invoice Finance For Non Homeowners In Rented Accommodation
Renting doesn't have to be a barrier to accessing receivables finance for your company. However, the number of invoice finance companies requiring clients to be homeowners has increased in...
The good news is that we have a growing number of invoice finance companies that are happy to fund where the company directors are tenants in rental accommodation and hence are non-homeowners....
The idea that owning property increases the worth of an individual is not a reliable indicator of means. For example, a person could buy a large house, with a substantial mortgage that they...
There are also a growing number of providers that don't always require a personal guarantee from their client's directors, in all cases. Some providers seek a "fraud warranty" as an...
We are happy to connect clients with funders that will accept tenants in rented accommodation, just call Sean on 03330 113622 for help if you are a non-homeowner....
http://www.fundinvoice.co.uk/blog/bad-credit/post/invoice-finance-for-non-homeowners-rented-accommodation.html - Invoice Finance Despite A CCJ And Time To Pay Arrangement
Demonstrations of how we can help companies are more powerful than just talking about theoretical cases. In a recent example case, we had a prospect that was looking for a more stable facility than...
This problem that they had experienced was that their selective invoice finance facility had been frozen when a CCJ was registered against their company, and in addition, they had entered into a TTP...
There are invoice finance companies that specialise in helping customers who are in such situations where they have pressing creditors and HMRC arrears. In fact, this type of facility can be a...
We explained how you can still get receivables finance despite having court judgements in a recent blog post....
We also explained some steps that may help you improve your credit situation and business funding you can access in the interim....
We have introduced them to a provider that will both fund the UK and export elements of their sales, despite the recent CCJ and the TTP arrangement. As I have said many times before, the approach or...
A TTP or "Time To Pay" arrangement is an installment plan, agreed with HMRC to allow you to repay outstanding tax over a period of time. This is normally up to 12 months but can be longer in some...
http://www.fundinvoice.co.uk/blog/bad-credit/post/invoice-finance-with-ccj-and-ttp-hmrc.html - Lender Of Last Resort Or Alternative Finance
Is being called a "lender of last resort" such a bad thing? Or should we be calling our products "alternative finance"? Some argue that these services are now too mainstream to be considered an...
The term could be defined as a financier that is called upon only when the borrower can't get finance anywhere else. Often they are considered the last resort because either the terms are...
Back when I was working for factoring companies in the 80s and early 90s, there was a definite aversion to ever being referred to as a lender of last resort. The term harked back to how the industry...
That shift in perception has been largely achieved. Invoice finance has become much more mainstream, being offered by major banks and also seeing the product portfolio grow to include fintech...
When we conducted research into barriers to using invoice finance back in 2015, only 8% mentioned reputation / last resort, as an issue, that figure may well have been reduced even further since....
However, there are a few providers on our panel that have actively migrated towards that niche of helping companies that have been unable to raise business finance elsewhere. Although perhaps not a...
The lenders always want to understand the circumstances, but there are very few situations - excluding perhaps deliberate frauds, that can't be overcome. In a world where credit scores seem to...
Bank finance seems to be becoming harder to come by so companies that have exhausted all the traditional options of raising business finance e.g. bank overdraft, loans, crowdfunding, invoice...
http://www.fundinvoice.co.uk/blog/bad-credit/post/lender-of-last-resort.html - We Can Help With Difficult Cases Where You Have Been Declined For Finance
We are able to help you find business finance even in difficult circumstances where you have been previously declined for finance. In fact, we specialise in helping businesses that have been unable...
Some of the difficult cases that we have helped in the past include:...
Read some case studies with examples of where we have helped clients in difficult circumstances....
http://www.fundinvoice.co.uk/blog/bad-credit/post/we-can-help-with-difficult-cases.html - Construction Sector Protection Against Insolvencies
Construction sector companies are urged to think about protecting their cash flow as recent news reports suggest that insolvencies in the sector have increased substantially....
A recent report in CityAM (10th of February 2020), states that whilst the total number of insolvencies in the UK has risen by just under 5%, the situation within the building and construction sector...
This suggests that the construction and building sector is being hit hard by business failures, and these will have a significant impact on the cash flow of companies within the sector. Only last...
Even if a customer manages to avoid entering into any type of insolvency, late payment due to cash flow issues can still put significant pressure on the cash flow of the business....
There are a number of services available that can help with these issues. Firstly, bad debt protection, which is added to a construction finance facility, gives some peace of mind as it protects...
If a customer becomes insolvent and is unable to pay you, providing you have traded within a preset limit, that is set by the finance company, your invoices will be paid by the finance house. This...
The level of protection varies between providers, and you can receive similar protection from credit insurance policies, but this is one way of protecting your cash flow against the impact of bad...
The other issue affecting the sector is that of late payments. I've written previously about how late payments are affecting UK businesses generally, and again there are services available that...
Whilst not all funders will provide finance to the construction sector, there are some specialist lenders that are able to accommodate this. Even in situations where you are invoicing in stages, for...
The funding is typically 70% of the value of the transaction, with the balance paid when the customer pays. Whilst this means that you still have to wait for the balance of the payment from your...
If your customer is taking a long time to pay, you could introduce your slow payers to this type of transaction finance, in order to improve their cash flow - call us on 03330 113622 or complete a...
If you are experiencing cash flow problems, perhaps if you had a VAT bill to pay or other HMRC arrears such as PAYE or National Insurance, this type of funding can be used to release cash to pay off...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/construction-sector-protection-against-insolvencies.html - Hospitality And Construction Sectors Top The Insolvency Index
Looking at some figures in Business Money, published from the Creditsafe Insolvency Index, it appears that the hospitality sector (hospitality, hotels, restaurants and bars) tops the insolvency...
Figures from the Office For National Statistics suggest that generally, the level of failures is on the rise. The statistics show that the number of UK business "deaths" increased from 288,000 to...
You may be supplying food, beverages, equipment or staff to the hospitality sector, or raw materials, equipment or staff to the construction sector. Perhaps it is time to think about putting bad debt...
A debtor insolvency could see your organisation losing the value of outstanding accounts receivable, not to mention the additional impact of the loss of trade to a major customer. It can be a...
Bad debt protection could protect your business from this type of risk, for the cost of a small premium, it could give you great peace of mind. You can get up to 100% bad debt protection (a first...
If you would like to review your non recourse, bad debt protection options please call Sean on 03330 113622, and avoid your company suffering the effects of the next high profile company failure....
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/hospitality-and-construction-top-insolvency-index.html - How Can A Business Go Bust When It Looks Good On Paper
How can a business that looks good on paper, still go bust?...
In the UK, companies are required to file financial accounts with Companies House, each year. These show the trading performance for the previous year, in terms of a profit and loss account in some...
See also: Analysing Financial Statements....
The reporting requirements are significantly less for smaller businesses, and a balance sheet may be all that is required, without the production of a profit and loss account. However, when you look...
There can be a number of reasons for this....
Firstly, these types of financial statements are always historic. As soon as they are produced, they become historic. It is also possible to produce accounts that show a more favourable position than...
Secondly, the financial measures, that are recorded in financial statements, may not give a true representation of the financial position of the company....
For example, assets such as "intangible assets" can be added to the balance sheet, increasing the value of assets within the company. However, in some cases, these intangible assets may have very...
Lastly, a company can appear very profitable, but it can still suffer a cash flow problem. For example, if a company is selling products, at a significant profit, they still need to be paid by the...
So looking at the financial statements of a business can give you an indication of its financial position. However, a company can still go bust, whilst things look good on paper. A good performance,...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/how-business-go-bust-looks-good-on-paper.html - How To Credit Check A Customer
Granting credit to customers is often a leap of faith so conducting credit checks on a customer can give some element of comfort to the supplier. However, even the most well-known, household names...
Recent experience with long-established brands failing shows that no one is immune to problems that can lead to insolvency. An understanding of how to credit-check customers may help you improve the...
This information is for information only, we can offer no guarantees that you will not suffer bad debts even after conducting this type of credit analysis. If you need protection against bad debts...
Customers who take trade credit from a supplier become debtors of that supplier. They are given a period of time to pay their invoices (most commonly 30 days in the UK), rather than having to pay...
There is no way to be 100% safe when granting credit to customers, however, there are some steps that you can take to credit check customers and reduce the chances of non-payment. These are a few...
For limited companies and some other business entities, there may be credit reports available. Credit bureaus, such as Experian, Equifax and Dun & Bradstreet sell credit reports about businesses,...
Some of this financial information is available for free. Companies have an obligation to file their annual financial accounts with Companies House, and using the Government's free service - you...
The same Companies House site also holds a list of all the company directors that have been disqualified. This occurs if a director fails to fulfil their legal duties regarding the running of a...
Also, by searching for particular directors on that site, you should see a list of all the other companies that they are involved with. This may allow you to identify previous insolvencies with which...
It is possible to request references from a customer's bank or supplier. These are less frequently sought these days but can still be useful. It is worth requesting a number of trade references...
I always like to conduct my own, online research when credit-checking customers. You can do this by using a search engine, such as Google, and searching for the company name, trading style and names...
There is no sure way of ensuring that you don't grant too much credit to a customer. Try to ensure that the limit appears reasonable when compared with the volume of trade that they are...
Ensuring that you have good credit control procedures in place will maximise your chances of being paid in a timely manner....
If you are worried about taking a bad debt, you could consider protecting yourself against that risk. The simplest protection is to trade only on cash terms (also called proforma) whereby you ask...
A credit insurance policy can provide that type of protection for a premium, or if you use invoice finance, there are normally bad debt protection options that can be added to your facility - to...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/how-to-credit-check-a-customer.html - Maplin Electronics & Toys R Us Enter Administration
Two more large company failures on the BBC news this morning - both Maplin Electronics and Toys R Us have entered Administration....
Administration is an insolvency process whereby a firm of insolvency practitioners, the Administrators, take over the running of an insolvent business (one that cannot pay its creditors as they fall...
So these are two more large, well known names entering insolvency procedures, from the retail arena. These may be two more instances of small suppliers facing potential losses, as a result of large...
These failures, although from different sectors, follow my recent comments about Carillion and how some of their suppliers have need additional support in order to survive the loss of business and...
Again, these failures highlight the risks in dealing with debtors who are even large, well known names. Having worked within the factoring industry for many years (including time as a Credit...
Now is the time to review your credit protection status, before the next unexpected customer failure. It might be another large, well known name or even a small company that you deal with that is...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/maplin-electronics-toys-r-us-administration.html - The Risk Of Customer Bad Debts Is Rising
The risk of customer bad debts is rising as there has been an increase in both corporate and personal insolvencies. It is time to protect your business against the risk of customers taking trade...
REQUEST DETAILS OF BAD DEBT PROTECTION...
An article in The Times dated 28th July 2018 reported that personal insolvencies in England and Wales have hit a 6-year high. The rise was attributed to rising inflation set against low wage rises...
In the last 3 months, there has been a 27% jump in the number of people becoming insolvent, when compared to the same period last year. A worrying, and significant trend. The Office for National...
Coupled with this increase in personal insolvency is an increase in similar corporate problems....
The Insolvency Service statistics for Q1 2018 showed that corporate insolvency rates (excluding an adjustment for "bulk insolvencies" caused by a change in claimable expenses rules - I am not sure if...
If you are a company that is facing the prospect of going into liquidation, speak to us first to see if there is anything that we can do to help you avoid insolvency....
In such a climate, many businesses are seeking to mitigate the risk of customer bad debts through insolvency by taking out credit insurance or bad debt protection (BDP). BDP operates in a similar way...
There is still bad debt protection on offer at present, and it can be a very effective way of protecting your company against the risk of customers failing. Even if your existing invoice finance...
This kind of risk mitigation against the risk of customers taking trade credit is still available at present, however, that does not mean that it will continue to be offered if the situation...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/protect-against-the-risk-of-customers-taking-credit.html - Pulse On Protecting Against Carillion Bad Debts
I had an email from Pulse Cashflow Finance, one of our funding panel, that I thought raised a great point about the recent failure of Carillion. Their clients will not be suffering any bad debts....
They have included "bad debt protection" for all of their clients, including those operating within the construction sector, meaning that their clients are protected from taking a bad debt....
OK, so it was Carillion this time, but next time it could be any other large construction sector company that you are dealing with - if you would like to find out how they can help your business with...
This was the email that they sent, and kindly agreed that I could publish it:...
"Why Pulse Cashflow clients affected by Carillion’s demise will not suffer any losses...
When Carillion the multinational facilities management and construction services company announced it was to go into liquidation, threatening thousands of jobs, the ripple effect spread far and wide...
With business interests in so many diverse industries from major public-sector construction projects to managing schools and prisons as well as maintaining rail networks the damage that their...
For it is not just Carillion and their employees who will bear the brunt of this company failure, it will be the thousands of SMEs and their staff who either supply or buy services from Carillion...
Despite this, Pulse Cashflow are pleased that they have been able to reassure their clients who are directly affected by Carillion’s demise that they will not suffer any financial impact to...
Toni Dare, managing director of Pulse Cashflow says: “There are thousands of small firms the length and breadth of the country, in almost every industry, that carry out work on Carillion's...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/pulse-carillion-bad-debt-protection.html - Retailageddon - Why Are So Many High Profile Companies In Financial Trouble?
Can anyone explain why so many high-profile companies are having financial problems? Is there cause to worry about economic stability?...
I first started really paying attention to the spate of emerging problems when Carillion collapsed, the second largest UK construction firm. Watching some of the social media commentators that have...
Since the beginning of 2018 "retailageddon" seems to have sped up. Toys R Us saw their CVA collapse into Administration. Byron Burger, Jamie's Italian and Prezzo have all gone into CVA....
I was talking to someone only yesterday that was oblivious to the growing list of high-profile companies that are having problems, but they said that in their own small way they had stopped eating...
Many of these situations are leading to branches being closed and jobs being lost. This will surely have a negative effect on the economy, more people unemployed and spending less - lower revenues to...
We are told that inflation fell to its lowest level in a year, 2.5% in March 2018 but to the man on the street, if feels like prices are spiralling upwards. Gas and electricity "discounts" seems less...
GDP (Gross Domestic Product - a measure of how much the UK economy has grown) according to the Office for National Statistics "UK gross domestic product (GDP) in volume terms was estimated to have...
Sure Brexit fears are always going to be part of the mix, but some degree of growth in the medium terms still seems to be predicted despite this....
So what is happening? Is it just austerity causing consumers to cut luxury spending, is this just less well adapted companies being weeded out by economic natural selection, whilst the likes of...
We are doing our best to protect our clients from the potential fallout from large company failures, but I continue to worry about just how much more we can expect from Retailageddon....
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/retailageddon-high-profile-companies-in-financial-trouble.html - Mitigating The Risks Of Selling To One Major Debtor
When you land a major customer it can provide a huge boost to your business, increasing sales turnover and generating profits. However, there is another side to dealing with a major debtor, and that...
In a previous post I covered the risks of selling to a single major customer, often called a "prime debtor". These include:...
Serious cash flow impact if they pay late - if a lot of your cash flow is received from a single customer, the impact of them failing to pay on time, or altering their payment pattern without...
We have seen clients that have been close to insolvency due to large, well-known companies failing to pay them for work that they have done. We have seen large customers disputing significant...
You can try to mitigate this through good credit control or by using a professional credit control service - however, the potential for disputes can only be mitigated by having a tight paper trail...
Funding restrictions - if you use receivables financing facilities (to release cash from unpaid customer invoices), you may find that your funder imposes prime debtor restrictions to limit the...
Different providers will take different approaches to this, so you can mitigate this problem by comparing the approach taken by different invoice finance companies....
Loss of turnover if you lose the customer - it is good whilst it lasts, but the loss of a large customer can leave you with a number of business problems. Firstly, you may have neglected to develop...
Spread your customer base as early as possible, perhaps considering some marketing support to help you attract new customers....
Exposure to a large bad debt should they fail - is the worst situation of all. If the prime debtor fails, owing a significant balance of unpaid debt to you, you could suffer a significant bad debt....
Options such as credit insurance (which we don't offer) and non-recourse bad debt protection can help you mitigate this risk and possibly save you from taking a potential survival-threatening...
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/risks-of-selling-to-one-major-debtor.html - Factoring For Road Transport Company Cash Flow Problems As Bad Debts Increase
Coincidently, just after posting my article about transportation factoring companies, I saw an article published online by the Motor Transport publication, suggesting that bad debts have risen...
The article cites figures regarding the road transport sector, released by Credit Safe. These statistics show that in the first quarter of 2018, while sales have increased, quarter on quarter, by...
Bad debts within the sector have apparently jumped, as the money owed to road transport companies has increased by a huge 337%, again quarter on quarter....
This is undoubtedly going to place further pressure on the sector, on top of increasing fuel costs, staff costs and fears over the impact of Brexit....
There are significant cash flow pressures created by bad debts. These will be services that have been provided and are then not paid for. Even the increase in money owed will place pressure on any...
These problems are exactly the sort of issues that can be alleviated by using a factoring service. Firstly, prepayments against outstanding invoices, including those invoices which are currently...
The service comes with credit control support, but the way this works can vary according to your needs. Alternatively, you can retain the collections in-house and opt for what is called invoice...
Factoring also offers a credit protection option, whereby you are protected against taking customer's bad debts. The factoring company will write credit limits on your customers and providing...
For more details about factoring for road transport sector companies, please speak to Sean on 03330 113622, or use the green quote request form on this page....
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/road-transport-factoring-as-bad-debts-increase.html - Protection For Suppliers To UK Retail Chains
If you are a supplier to any of the large retail chains, you may wish to review your requirement for bad protection following a number of recent news reports from the retail sector....
More problems have emerged from the sector as the BBC report that Prezzo, the Italian restaurant chain plan to close approximately a third of their retail outlets, as part of a creditors voluntary...
This move follows restructuring by Byron the burger chain and Jamie’s Italian. It also follows news that UK retailers Toys R Us and Maplin Electronics have entered Administration....
The continuing stream of bad news from the UK retail sector will be concerning for any businesses that are suppliers to that market space. The risk is multiplied as the volume of supply required by...
If you take bad debt protection, as part of a accounts receivable financing package (funding against unpaid invoices), you receive credit limits for each of your customers, and providing you trade...
This could give you a great deal of peace of mind if you are currently supplying the UK retail sector. For more details please contact Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/bad-debt-protection/post/suppliers-to-uk-retail-chains.html - We Just Received A 5 Star Service Rating From A Car Body Repairer
We just received this customer testimonial, which was received from a car body repairer. The customer contacted FundInvoice on a Friday, and received an invoice finance payout, against invoices to...
They gave FundInvoice's invoice finance quotation search service a 5-star rating, out of a possible 5 stars. This means our average customer rating remains 4.9 stars out of a possible 5 across...
The Financial Manager had this to say about the service received from FundInvoice:...
"We are quite happy to give you 5 stars :) You have been communicating efficiently and looking after our needs with regards to [THE INVOICE FINANCIER]. All the best and thank you for your referral."...
This is a great testimonial that reflects how simple and straightforward this product is. The car crash repairer can access funding in a very short timescale, in the case of this customer is was 3...
You can read more about How Body Shop Finance Works And The Costs on the section of our site dedicated to specialist funding for the car crash repair sector....
http://www.fundinvoice.co.uk/blog/bodyshops/post/5-stars-from-car-body-repair-company.html - Funding Invoices For Car Repairs To Alloy Wheels
Refurbishment and repair of alloy wheels is another aspect of car crash repairs that we are able to arrange to be funded. This was a recent case where we could assist a client with a pre-existing...
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In this particular case, we were approached by a car crash repairer specialising in repairing and refurbishing alloy wheels. They were invoicing insurance companies so their sales invoices were...
Typically, with insurance company repairs that work is ordered and agreed upon upfront with the insurer. The customer then signs of completion leaving an audit trail that makes the invoices for...
Alloy wheel repairs are able to be financed as are other aspects of car repairs that are paid for by insurers. There are even specialist lenders that deal with this type of facility. In this case, we...
An added complexity of this deal was that the company had a prior county court judgement. This is not uncommon in business but it can be an issue when you are seeking business finance. Many finance...
In this case, the finance house we introduced was happy to proceed on the basis that the CCJ had been paid off. This is another example of how were able often able to help companies that could find...
http://www.fundinvoice.co.uk/blog/bodyshops/post/alloy-wheel-car-repairs-invoice-funding.html - Car Body Finance Enables Repairer To Take On New Work
Repairing car bodies is a niche that we specialise in finding finance. We were able to help one body shop find the car body finance that they needed to enable them to take on more new work....
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Collision repairs following an accident tend to be paid for by the responsible party's car insurance company. The work will be carried out by a body shop that will have been pre-authorised to...
Once the repair has been completed, the customer is normally asked to "sign off" the repair. This process confirms that the work was satisfactory and completed by the body shop....
Next, the body shop will bill the insurance company direct. This will mean the production of a sales invoice on credit terms that covers the parts and labour involved with the repair. This is sent to...
Whilst the debt tends to be sound in that it's signed off work paid for by a substantial organisation, it can take some time for the body shop to get the money from the insurance. Garages are...
This is where car body finance comes in. The financier will provide the repairer with the full value of the invoice (minus their fee) as soon as the invoice is raised. The financier then takes on the...
In this particular case, our client was a medium-sized repairer that was holding off taking on more work due to working capital pressures. We helped them find car body finance so that they would see...
http://www.fundinvoice.co.uk/blog/bodyshops/post/car-body-finance-enables-taking-on-new-work.html - Caravan Body Repair Invoice Finance
Caravan body repair invoice finance was recently arranged by FundInvoice for one of our customers. Finance against vehicle body repairs works by releasing the full value of invoices to insurance...
Using this type of facility greatly improves cash flow. Outstanding, unpaid sales invoices become a thing of the past and cash is generated as soon as the work is invoiced. See our free guide for...
Also, please see another case study about motorhome repair funding....
This type of work operates in a similar way to car body repairs, for which we regularly help seek funding. Following a crash, the repairs are sanctioned by an insurance company. The repairer...
With traditional forms of invoice financing, the funder will take on all the invoices raised by their customer. However, this is not the case with vehicle body repair financing. This operates on a...
Using multiple invoice finance companies was something that this customer wanted to try. They were already using a service that they advised us was no longer operating, so they wanted to try two...
http://www.fundinvoice.co.uk/blog/bodyshops/post/caravan-body-repair-invoice-finance.html - Case Study Factoring For A Caravan Body Repairs Phoenix
This case study is about how FundInvoice found recourse factoring for the phoenix of a Caravan Body Repairs company....
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In this case, we assisted a company that was a phoenix of a previous business....
A Phoenix business takes over from a previous business that has failed. It is named after the mythical bird, the phoenix, that was said to set fire to itself every 500 years and rise again from its...
The previous business failure is something that can make it difficult to access traditional forms of business finance for a new Phoenix venture. Often a bank may be reluctant to provide finance where...
However, facilities such as recourse factoring can be made available to companies with prior failures making that an ideal choice to fund a phoenix startup....
Find out more about getting finance after a liquidation....
Often repairs carried out on caravans after a crash are paid for by an insurance company. This makes that debt very straightforward to fund against....
FundInvoice is in contact with specialist bodyshop factoring companies that can finance this type of invoicing. Often a 100% prepayment of the invoice value, minus the fee, can be provided for each...
See another case study about funding for a Motorhome And Caravan Repair Company....
http://www.fundinvoice.co.uk/blog/bodyshops/post/case-study-factoring-caravan-body-repairs-phoenix.html - Factoring And Invoice Finance For Garages And Spray Shops
Despite the decrease in traffic due to the lockdown, the roads still seem pretty busy. Garages and spray shops are likely to be in demand at present, following the recent icy weather. This will no...
Garages and spray shops that undertake car body repairs may be seeing an increase in their order books but those additional orders can place an increased strain on their cash flow....
One of the issues is that many car crash repairs are paid for by insurance companies or accident management companies, and it can be a while before the garage or collision repairer receives the money...
There are ways of getting at that money before the invoices are settled by the insurers or AMCs. Factoring and invoice finance for car bodyshops work by releasing the cash tied up in those invoices...
REQUEST A QUOTE or Call Sean on 03330 113622 for help....
This type of funding is typically the whole value of the invoice (less a small charge to use the service). Factoring and invoice finance can release a lump of capital if a garage has a number of...
The facility can be put in place within a matter of hours if needed - our record is 7 hours between enquiry and transfer of funds to our client's bank account....
All types of car crash repairs can be funded, providing the invoices are payable by insurers, AMCs or large companies. Repairs can included:...
http://www.fundinvoice.co.uk/blog/bodyshops/post/factoring-invoice-finance-for-garages-spray-shops.html - Find Funding For A Car Repairer Working For Insurance Companies
Insurance company invoices for car repairs are able to fund at 100% of their face value (less a fee to use the service). I have reported previously about what a simple version of receivables...
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This particular customer was turning over £400K per annum and wanted quick turnaround funding against some invoices for crash repairs, that were billed to insurance companies. This is because...
However, the insurer can take time to pay the invoice, so body shops often want to get access to that unpaid cash immediately in the form of a prepayment against their credit invoices....
We helped arranged a facility for them that will release funding against such invoices, as they are raised. Our record for arranging car crash repair funding is just 7 hours, so it can be put in...
The other benefit is that customers have no lock in to ever use the facility again. They can decide if they want to get funding for each transaction. Therefore, the only thing that keeps them coming...
Another example of how we can help car crash repair body shops access working capital....
Below is some further reading about this product, and related information, that you may be interested in:...
http://www.fundinvoice.co.uk/blog/bodyshops/post/find-funding-for-a-car-repairer-working-for-insurance-companies.html - Funding Body Shops As Car Accidents Increase
Funding could be required to help car body shops cope with increases in the number of car accidents as we exit lockdown restrictions. We have been able to help many UK body shops find the funding...
A recent conversation turned to the subject of road traffic accidents and anecdotal evidence that there has been an increase in car crashes among people that we know. This led me to look into the...
As people return to making long car journeys historic evidence suggests that accidents rise. Apparently, NFU Mutual saw a 22% increase in claims during May last year shortly after the lockdown was...
As non-essential travel returns there is likely to be another spike. Holiday lets are now open with the concept of a UK "stay-cation" becoming increasingly popular. Non-essential retail and...
This is likely to bring a stream of new works for car repair body shops. Whilst this will likely be welcomed by the sector following the effects of long-term lockdown, it may also bring cash flow...
The car repair sector often relies upon payments from insurance companies to cover car accident repairs. Whilst insurers are often high-quality debtors, processing the proceeds of a claim can take...
This is where invoice funding for body shops can play a role. Specialist financial facilities exist for the car body shop sector. A funder will take on the repairer's invoices to insurers in...
Related information: Government statistics on road accidents....
http://www.fundinvoice.co.uk/blog/bodyshops/post/funding-body-shops-as-car-accidents-increase.html - How Does Invoice Finance For Car Crash Repairs Work?
Increasingly we have seen car repair body shops turning to invoice finance to fund their crash repair invoices. We have literally just been contacted by another small garage turning over £100K...
This type of funding facility is very flexible. There are no minimum size limits with this type of product, it is selective invoice finance, so you can choose to get funding against a single invoice...
The process to set up a facility is very straightforward, so much so that we have been able to arrange funding to be received by the client within 7 hours of having received the first contact from a...
The speed of the sales process is helped by not having to take a debenture over the company, and not having to take a personal guarantee from the Directors or prime movers of your business....
The process of funding invoices is similarly straightforward. This post sets out exactly how invoice finance works (and an indication of the costs), and the steps involved: How Body Shop Invoice...
Below is some further related information about invoice finance for car crash repairers:...
http://www.fundinvoice.co.uk/blog/bodyshops/post/invoice-finance-for-car-crash-repairs.html - Invoice Finance Unlocks Rapid Turnover Growth For Car Body Repair Companies
I just did a quick comparison of the factored monthly turnover achieved by some of the car body repair companies that have been using invoice finance, found through us, for over a year. They show a...
I took just those body shops that were already using invoice financing services, found through us, a year ago, and that are still using the service now. I then compared the turnover that they...
This is a great achievement for them, they all grew their turnover, and it is also a demonstration of how using receivables financing can unlock business turnover growth. ...
The way body shop invoice finance works is very straightforward, so it is easy to see the attraction. The funders give their clients 100% of the invoice value, less their fee (typically a few...
The fact that these clients could stop using the facility at any time also speaks to the service that they are receiving - they keep coming back to use it over and over again....
We can arrange for a facility to be put in place for your company very quickly. Our record so far is just 7 hours between enquiry and payout (typically customers receive funding in just a few days -...
Case Study - Body Shop Factoring Without A Debenture ...
http://www.fundinvoice.co.uk/blog/bodyshops/post/invoice-finance-unlocks-rapid-turnover-growth-for-car-body-repair-companies.html - UK Cashflow Services Alternatives For Car Body Repairers
Repairers of car bodies often turn to invoice finance to bridge the gap between completing car crash repairs and getting paid by the insurance company. We have recently received a few enquiries that...
We have been able to point these companies in the direction of alternative invoice finance companies that deal with car repair body shops....
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We have not been able to confirm the reasons why we have had a number of enquiries from customers that were previously dealing with UK Cashflow Services, however, we are active within the car crash...
There are only a small number of UK specialists in funding car crash body repair invoices. Typically, garages, motor factors and body shops are raising invoices to insurance companies, which tend to...
This is where receivables finance comes in. It releases money against those invoices as soon as they are raised. This can dramatically improve the cash flow of the garage or shop....
The way that receivables finance works within the sector is as follows. The funder will provide 100% against the value of the invoice, less a small fee for using the service. This means there is no...
This method of operation is slightly different from that of mainstream financiers, hence there tend to be specialists that deal with funding the car body repair sector. Call 03330 113622 if you need...
http://www.fundinvoice.co.uk/blog/bodyshops/post/uk-cashflow-services-alternatives-car-body-repairers.html - Asset Finance For Customers Buying Equipment
Equipment sales can be large purchases for companies to make, in many cases, they will seek some form of asset finance to break down the cost into affordable monthly payments. We recently completed...
In this case, our client was a major equipment manufacturer that sells high-value items to customers. In many cases, customers want to finance these purchases by making affordable monthly payments....
The blanket asset finance arrangement was put in place with a well-known major asset financing company so that our client could refer their customers to an expert to arrange the funding. The...
It can be beneficial to the sales process to be able to offer this type of finance to customers. Having access to a blanket facility means that the issue of lump-sum purchase pricing can be removed...
Using arrangements like leasing and hire purchase, the cost of high-value equipment can be spread over a long period of time. The exact structure of the financing will determine whether or not the...
http://www.fundinvoice.co.uk/blog/brokerage/post/asset-finance-for-customers-buying-equipment.html - Business Finance Quote Search
Business finance can be easily found by using our independent quote search service....
We handle the whole of the UK and our organisation has won several awards for its invoice finance brokerage service in the UK at the European Enterprise Awards. Our service has many happy clients...
Please complete our simple form, and we will do the rest for you, there is no obligation for you to proceed and it will not affect your credit score to perform this free search:...
FIND QUOTES...
FundInvoice don't charge you to use our business finance quote search service* and we have been able to find our clients some significant price savings. We also have access to the latest offers...
If you are a UK company, all you need to do is provide the requested details, and we will search the UK market for the best quotes that we can find you....
We can assist you with business finance products including (but not limited to):...
Even if you have already been declined, or turned down for finance by your bank or a lender, we are still likely to be able to help you. We have been able to find finance for companies needing...
* We don't charge you to use our service, instead we receive a commission from the funder if you choose to go ahead with the business finance quote....
http://www.fundinvoice.co.uk/blog/brokerage/post/business-finance-quote-search.html - Check My Invoice Finance Pricing
Are you trying to find a simple way to "check my invoice finance pricing"?...
If so, you are in the right place and FundInvoice can do that for you....
Whether you are an existing user wanting to ensure that you are still getting a competitive deal, or a prospective user wanting to make sure that you have found the best market-leading pricing....
Please use the following comparison service to compare quotes and check terms without affecting your credit score or alerting any existing provider:...
COMPARE QUOTES NOW...
A surprisingly large number of existing product users don't price check their rates, terms and pricing each year. In the past, we have conducted research that has found that the majority of...
This failure to sense check the rates can lead to significant overpayment of fees and you may also miss out on improved terms or special offers. We have found some big savings or companies that have...
We recommend checking your rates annually to make sure you are still getting the best terms and this also gives you the opportunity to improve on any aspects, e.g., service, if you aren't...
If you are looking for a simple way to check invoice finance rates online without searching marketwide, this might be of interest to you....
One of the funders that we work with has embedded their pricing app into our website. You can check prices with them using the app based on just 8 pieces of information and it takes under a minute....
See this article: For more information about how invoice finance costs work and example rates....
Also, see this information about invoice finance products that explains the various options and how they work....
http://www.fundinvoice.co.uk/blog/brokerage/post/check-my-invoice-finance-pricing.html - Expert Guidance About Invoice Finance.
Invoice financing can be a complex subject, and often expert guidance and advice is what customers really need....
We can provide you with expert guidance about invoice finance....
Just call Sean on 03330 113622....
We provide a personal service to find you the invoice finance that you need....
We are experts, with decades of experience and an extensive archive of research regarding our sector....
We are able to help you:...
http://www.fundinvoice.co.uk/blog/brokerage/post/expert-advice-about-invoice-finance.html - Factoring Broker Service
Our factoring broker service takes care of the hassle of finding a factoring company for you. We have knowledge of the market (backed up by a substantial research archive), and access to all the key...
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Factoring is just one type of invoice finance facility that we can help you find - it provides funding and a credit control outsourcing service. There are many alternative facilities on offer that...
Read more about Invoice Factoring Solutions In The UK....
I recently posted about our broker service, explaining how commission works (without us charging you anything), and what our customers have to say about our service. At the present time, we have been...
It is important to choose a good brokerage, I recently published a piece about some of the challenges involved with finding a factoring brokerage and establishing that a brokerage is independent,...
There are many benefits to using a service like ours, and some drawbacks if you choose to do it all yourself. We have seen examples of companies that have tried to take on the task themselves and had...
See our article about How To Work Out How Much Finance You Need....
General product guidance can be found in our free: Invoice Finance Guide....
http://www.fundinvoice.co.uk/blog/brokerage/post/factoring-broker-service.html - FundInvoice Social Media Channels
Social media is a key part of how we share our content here at FundInvoice. This includes research regarding the invoice finance sector, general articles about business finance, and related content...
Just about everything we post will have the hashtag: #fundinvoice so that it's easy to find our material. We have also used #IFaware to help raise awareness of our sector of the business funding...
For ease I have put together a list of all our social media channels, with links - please follow our feeds to keep up to date with our latest posts:...
Our Twitter feed is published daily by Glenn Blackman on Twitter....
On LinkedIn we post to both Glenn's individual account: Glenn Blackman On LinkedIn and some posts are also shared to our company page which can be found here: FundInvoice On LinkedIn...
In addition to our own posts, we also manage and moderate the Invoice Finance Research Group on LinkedIn: The Invoice Finance Research Group on LinkedIn anyone can join the group and publish relevant...
On Facebook we have a company page: FundInvoice On Facebook,...
We have a Youtube channel: FundInvoice's YouTube Channel where we publish videos relating to the sector. We have a number of sort clips under the banner of "30 Seconds On Business Finance"....
Some of our YouTube videos are also embedded within our website....
Images and videos are published to Glenn's Instagram page: Glenn Blackman on Instagram....
Pinterest is where we post images from our own posts and also others that we come across that are of interest to our sector: Pinterest....
Short-form video content is shared here: TikTok....
Some of our material is also posted to Tumblr: Tumblr....
Read our articles which have been published on: Medium....
Videos on Vimeo: Glenn Blackman on Vimeo...
Our Truth Social profile: FundInvoice on Truth Social...
http://www.fundinvoice.co.uk/blog/brokerage/post/fundinvoice-social-media-channels.html - Help Getting Invoice Finance Approved
Seeking help getting invoice finance approved? You are reading the right article to help you with that....
When you make an application for invoice finance you want to make sure that it gets approved. Sometimes customers delay applying because they are worried that they may be declined. The important...
Firstly, you need to decide which invoice finance company, or companies you are going to apply to. With over 100 invoice finance companies in the UK, many options will be driven by the product you...
Speaking to an invoice finance broker is the best way to ensure that you are speaking to the providers most suited to your business. You can get through the initial part of the application process...
A broker will also be able to help you maximise your chances of approval success. Call us on 03330 113622 for a confidential chat about your options....
Previously, we published a piece about How To Make A Successful Factoring Application. The points covered in that article are equally applicable to invoice finance and invoice discounting facility...
Also, see our related article: Why Do Some Lenders Reject Invoice Finance Applications?...
Importantly, remember to be upfront and honest in all aspects of your application. You might think that you won't mention your previous bust business, but the funder will find out about it. If...
Frequently, brokers can assist companies that have been turned down for finance elsewhere. Unless you understand the whole of the market, you just won't know where to look for help. An internet...
http://www.fundinvoice.co.uk/blog/brokerage/post/help-getting-invoice-finance-approved.html - Industry Sectors We Are Supporting At Present
Variety is the spice of life, and it never ceases to surprise me the range of different industry sectors that we get involved with supporting through invoice finance....
If we can help you find the funding you need please call Sean on 03330 113622....
At present, our pipeline of deals nearing completion is pretty good, with a number of new clients in the works. As always, these are drawn from a diverse range of industry sectors....
Currently, the deals that are nearing completion include the following sectors:...
Some of these are very specialist sectors e.g. construction and building. Not all providers get involved with that sector so it is harder to find funders. However, there are still a number of options...
The other specialist sector is car crash body repairs. They are again funded by specialist lenders that operate in a different way from the norm within invoice funding. They purchase the invoice...
Recruitment remains the most popular niche that we come across. I have reported before about the high concentration of receivables financing users within the staff hire sector, and that remains...
http://www.fundinvoice.co.uk/blog/brokerage/post/industry-sectors-in-the-pipeline.html - Invoice Finance Brokering Service To Find Factoring And Invoice Discounting For UK Companies
Brokering invoice finance, factoring, and invoice discounting are things we specialise in at FundInvoice. Our Partners have been involved with receivables financing since 1988 and broking since 2003....
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The process of brokering invoice finance and factoring works in the following way....
If you want to know more about the sales process with the funders and how the facilities work, take a look at our guide to the processes behind receivables financing....
At FundInvoice, we have been able to help the majority of companies that contact us. In addition to finding cost savings, we specialise in being able to find options for companies that are struggling...
http://www.fundinvoice.co.uk/blog/brokerage/post/invoice-finance-brokering-service-factoring.html - The Little Known Benefits Of Using An Invoice Finance Broker
There are some benefits of using an invoice finance broker that SMEs may not fully appreciate. I thought it might be helpful to outline them in a short post....
A good invoice finance broker's knowledge of the market will be far more in-depth than any comparison site, or the knowledge that you could gain by searching the Internet yourself....
SEE HOW MUCH WE CAN SAVE YOU...
For example, whilst certain aspects of the risk criteria of particular providers may be published on their websites, there will be particular nuances that are not....
These subtle differences between providers could include things such as who is prepared to deal with a company that is in a CVA. Who is prepared to accept a customer who has previously breached an...
A good broker will know the most appropriate people to introduce you to. This will have several benefits. Firstly, it means that you are dealing with the individuals who are most likely to be able to...
This means that you will be dealing with the top performers, that are most easily able to get you what you need. This can save you a great deal of time searching around the Internet to find...
We have seen numerous examples of customers wasting their time trying to find what they need directly. This is one such example where the customer misunderstood what the invoice finance company could...
On average we have been able to save our clients substantial amounts on the invoice finance prices that I have been quoted elsewhere. An invoice finance broker we'll keep in contact with the...
In addition, it is sometimes the case that due to the volume of deals transacted, an invoice finance broker will be able to secure better rates for their clients than clients may be able to secure...
Some clients fear that using a broker could lead to their commission "bumping up the rights", but that is often not the case. Firstly, many providers will not adjust their prices according to the...
When you deal with a broker service such as ours, we take care of all the work for you. You avoid needing to dig around looking for more obscure financiers as we have already done that work. We have...
http://www.fundinvoice.co.uk/blog/brokerage/post/little-known-benefits-of-using-an-invoice-finance-broker.html - Cyber Security Invoice Finance And Secure Online Applications
For businesses in the IT security sector, securing cyber security invoice finance can be critical to maintaining cash flow while managing the challenges of operating in a highly competitive sector....
This guide explains how to apply for cybersecurity invoice finance and its benefits....
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The cybersecurity industry faces frequent cash flow challenges due to the high cost of technology investments, skilled personnel, and subscription-based customer payments....
Invoice finance for cybersecurity companies provides a flexible way to access working capital tied up in outstanding customer invoices, helping businesses fund operations, meet payroll, and finance...
With the rise in demand for cyber security solutions, providers often have to contend with extended payment terms from corporate and government clients. Cyber security invoice finance bridges this...
Cybersecurity firms often face delayed payments due to complex procurement processes. This can strain cash flow. Cybersecurity invoice finance provides fast funding and can protect businesses from...
The rapidly growing need for companies that can provide network security to all manner of industry sectors and sizes of organisations has given rise to the need to accelerate the payment of those...
We have finance partners who are highly experienced within the sector and can offer specialist support to customers from IT security companies. Indeed, some have seen a surge in applications from...
Related Case Study: See this example of how we were able to help an IT software company that needed to finance a single invoice for immediate cash flow....
These are some of the benefits of using this type of funding against IT security invoices:...
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The precise nature of the work you carry out needs to be checked for eligibility for funding, however, the following can normally be included:...
1. Threat Detection and Prevention...
2. Incident Response...
3. Security Assessments and Audits...
4. Data Protection and Encryption...
5. Network Security...
6. Identity and Access Management (IAM)...
7. Endpoint Protection...
8. Cloud Security...
9. Security Awareness Training...
10. Malware Analysis and Removal...
11. Vulnerability Management...
12. Security Architecture Design...
13. Cybersecurity Consulting...
14. Business Continuity and Disaster Recovery...
15. Fraud Prevention...
16. Secure Software Development...
17. IoT (Internet of Things) Security...
18. Managed Security Services...
Related content: See our specialist support for finding finance against other types of security work....
Secure online invoice finance applications are very important to us so that our prospective customers feel comfortable that they can provide data to us in a safe and secure way - giving them peace of...
To make a safe online application, you can use our secure online invoice finance application form which ensures that your data is transferred in a secure manner, including data encryption (data is...
You will see in the web browser that you are using, that our site shows a small closed padlock, which shows that it is subject to an SSL certificate. An SSL certificate (Secure Socket Layer) means...
You will also see that our site address starts with "HTTPS" rather than "HTTP". This also denotes that it is a secure site....
The use of HTTPS, at the beginning of a web address, indicates that the web address uses an SSL certificate to verify its authenticity....
The process of applying for our certificate was subject to various methods of verification. Our physical address had to be verified, to ensure the authenticity of our business....
In addition to the use of SSL certification, there are a number of other methods that you can use to verify the identity of our business. These are set out in the "About Us" section of our website,...
With research published by Howden suggesting that half of SMEs have suffered a cyber attack in recent years, it is important that our customers are able to satisfy themselves that the information...
A: Cyber security invoice finance is a funding solution tailored for cybersecurity businesses, allowing them to release cash tied up in unpaid invoices to manage cash flow and invest in growth....
A: It provides immediate access to working capital, helping businesses meet operational expenses and scale up without waiting for client payments....
http://www.fundinvoice.co.uk/blog/brokerage/post/secure-invoice-finance-online-applications.html - UK Factoring Brokers
Factoring is a financial product that helps improve the cash flow of companies that use it. FundInvoice is a UK factoring broker firm that offers an independent quote search service. We also help you...
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Invoice factoring is a type of financial service that, in the UK, has two elements. Firstly, there is funding provided in the form of early payments against invoices raised to customers on credit...
This funding can be particularly useful if you are expanding quickly, or if you need to raise a chunk of capital to pay creditors or finance an acquisition....
Secondly, a credit control service will be provided. This is a way of outsourcing your sales ledger management and collections to the factor. It means that you receive a professional service (if you...
As UK factoring brokers, we are in touch with the best factoring companies across the United Kingdom and we connect our clients with the providers that best meet their requirements. FundInvoice has...
A brokerage is a firm like FundInvoice that helps clients connect with funders. In our case, we don't charge our clients to use our service. Instead, we receive a commission from the funder if...
If you want to know more about this type of product, please see our free guide to factoring. if you want to talk about your circumstances and how we might be able to help, please call us on 03330...
http://www.fundinvoice.co.uk/blog/brokerage/post/uk-factoring-brokers.html - Why Use An Invoice Finance Broker
Invoice finance brokers normally work with a range of invoice finance companies, in order to understand what they offer and to be able to introduce prospective customers to the right provider. We are...
You may be asking yourself "Why use an invoice finance broker?". Well, here is an example of what can happen if you don't, drawn from the recent experience of customers that we have ended up...
On our list, there are around a hundred different invoice funders servicing the UK market. In addition to offering to do all the analysis for you, to find the funders that best match what you need,...
It's difficult enough for brokers to keep on top of which funders provide what, let alone for customers to do the same....
We have just had an example of a customer that used one of these contact forms, to get in touch with one particular funder. Unfortunately, what they were looking for was "single invoice finance" i.e....
As the client initially sidestepped the matching part of our service (which we don't charge clients to use), they ended up contacting someone who would not be able to help. We could have...
Now if that same customer hadn't requested our brokerage service, they could have wasted a lot of time randomly contacting providers through the web, trying to find the service that they were...
All ended well, but this illustrates why you should use an invoice finance broker....
http://www.fundinvoice.co.uk/blog/brokerage/post/why-use-an-invoice-finance-broker.html - Construction Finance Against Multi Million Pound JCT Contracts
Construction finance was able to be provided to a client company dealing with multi-million-pound JCT contracts....
The use of JCT contracts is common within the building sector. JCT stands for Joint Contracts Tribunal and refers to a set of standardised contracts that be used in the building sector....
Our client was involved with the sector and didn't think that invoice financing would be available when they operated under JCT contracts Indeed, this would be an issue for many invoice finance...
In this case study, our client was a multi-million-pound turnover company and they were finding that the size of the contracts they dealt with had been increasing. They also wanted to get access to...
We were able to successfully introduce them to an independent invoice finance company that specialises in helping building sector companies. They were able to provide a construction financing...
This type of financing facility works by releasing a large proportion of the money that is tied up in unpaid accounts receivable. These may be invoices raised to debtors on credit terms or...
However, there are funders that embrace the opportunity to finance building companies and so invest in skilled specialists who are able to access those underlying contracts....
http://www.fundinvoice.co.uk/blog/building/post/construction-finance-multi-million-jct-contracts.html - 5 Things To Check When Completing Your VAT Return
As it is coming to the end of the VAT quarter again, I thought I would make a list of the five things that I check regarding each VAT return. The list is not intended to be comprehensive, and we are...
If like us your accountant produces your VAT return, you will still need to check that the figures are correct....
Firstly, I reconcile our bank account back to my accounting figures, to ensure that all of the items that have gone through our bank account have been captured in our accounting records. This ensures...
I check that the output VAT, the VAT element of all sales invoices, has been correctly totalled and included within the return. I also run a quick check to ensure that the VAT relates back to the...
Next, I check the input VAT, adding up the VAT elements of any qualifying expenditure which we can offset against the output VAT. I also make a point of looking through the various supplier’s...
When it comes to making the VAT payment, there are a number of items that I check. Firstly, I confirm that the right HMRC payment details have been selected. If like us you use banking software that...
I make a point of checking the bank sort code and account details to confirm they are correct. Within our banking software, the VAT number, which constitutes the reference number for the payment, is...
I also check that I have copies of all the documents that relate to both the sales and purchases shown on the return. Checking these includes making sure that they each have the relevant VAT amount...
If you are worried you could have problems paying your VAT this quarter, or you have arrears, there are ways of raising finance for your business to assist you. The key is to start the process as...
http://www.fundinvoice.co.uk/blog/business-finance/post/5-things-to-check-vat-return.html - Accounts Receivable Funding
The frustration of looking at a large sales ledger of unpaid invoices for sales, whilst having an empty bank account, can be debilitating. Not to mention the problems it causes in paying your...
When you first make a large sale, the feeling is exhilaration at having closed a deal. However, there can often be significant delays between making a sale, delivering the goods or services and...
Accounts receivable funding is a simple way of bridging that gap between making the sale and getting the cash into your account....
Using such a service, the majority of the value of your invoice is released immediately, by the accounts receivable funding company, and that means that you get the working capital immediately into...
This type of funding can be accessed against outstanding invoices, even though they may not yet be due, and existing invoices that have already fallen due....
It means that you can break the cycle between constantly staring at a ledger of unpaid debts whilst having an empty bank account. Using this kind of service, your trade receivables are immediately...
For more information please call Sean on 03330 113622 to discuss how you could generate cash for your business using an accounts receivable funding service....
http://www.fundinvoice.co.uk/blog/business-finance/post/accounts-receivable-funding.html - Alternatives To Funding Your Business With Your Own Personal Funds
When you run your own business you often end up putting in your own money, using your personal funds to keep the business going. It's the easiest of the sources of business funding, as you...
The dangers of using your personal money are that:...
With some funding sources, it is understandable that you might not want to go down that route. For example, any form of equity finance will require that you give up some ownership, and control, of...
Many UK SMEs use personal funds to fund their businesses, injecting their own money. In some cases, this may be the only option they feel they have available or it may be that they think they will...
Call Sean on 03330 113622 to discuss the business finance alternatives that could prevent you from needing to inject your own funds, or that could allow you to now withdraw your personal funds from...
http://www.fundinvoice.co.uk/blog/business-finance/post/alternatives-to-funding-your-business-with-your-personal-funds.html - Basis Period Reform Funding For LLPs In The UK
Changes to the UK tax system have given rise to a need for basis period reform funding for some LLPs (Limited Liability Partnerships)....
In summary, Basis period reform aligns taxable profits with the tax year, creating one-off higher tax bills for some LLPs (and other self-employed business people) due to overlapping profits,...
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There are funding options specially created to help fund this cash flow need although many types of financing such as business loans or invoice financing could be used to increase the cash LLPs have...
The basis period reform is bringing significant changes to how Limited Liability Partnerships (LLPs) calculate their taxable profits. While the reform is designed to simplify tax processes by...
This one-off higher tax bill, arising from taxed overlap profits, could strain cash flow, leaving LLPs in need of financial support. To address these challenges, specialist funding for LLPs has been...
Basis period reform affects LLPs and other unincorporated businesses that do not align their accounting period with the tax year. The changes will require such businesses to transition to the new...
While HMRC allows the additional tax burden to be spread over five years, many LLPs may still face immediate cash flow challenges. For those struggling to manage these costs, tax liability funding...
For detailed information on the changes see the government's Basis Period Reform information....
To support businesses impacted by the reforms, some lenders have introduced LLP tax reform loans specifically designed to help cover the additional tax costs from basis period reform. These loans...
Some financiers are offering basis period reform funding to provide expedited approvals, allowing LLPs to secure funds quickly when tax deadlines loom....
If you need help with your tax planning our recommended firm of Chartered accountants is on hand to help you....
LLPs across various industries, including professional services, agriculture, and creative sectors, may benefit from these specialist funding solutions. Businesses that experience seasonal...
If your LLP is facing cash flow challenges due to basis period reform, follow these steps to secure the right financial support:...
Work with a tax adviser or accountant to calculate the additional tax liabilities your LLP will face under the new rules....
FundInvoice can help you identify funding options that will assist you in meeting these additional liabilities. Call us on 03330 113622 to discuss your needs confidentially and to allow us to search...
With deadlines approaching and demand for these funding solutions expected to rise, applying early ensures you can access funds when needed....
By acting early and leveraging these funding solutions, LLPs can turn a potentially disruptive change into a manageable financial adjustment....
http://www.fundinvoice.co.uk/blog/business-finance/post/basis-period-reform-funding-for-llps-uk.html - Business Cash In Time For Christmas
It's still not too late to get business finance in place in time for Christmas (just!) - but if you delay much longer the opportunity will have passed, until next year....
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I posted previously about how the Christmas period puts additional cash flow pressures on businesses, what with having to pay staff early, bonuses and a slowdown in customer payments....
Maybe you have been putting off applying for some additional business finance to see you through the holiday period. Lots of businesses, hang on waiting to see if those customer payments come in...
If you have been putting off arranging some funding to see you through to next year, there is still (just about) time to get a facility in place and have it paid out before the break. Don't wait...
If you have been delaying applying for a facility, you could have a business cash injection, in your bank account, in about a weeks time. Our record (so far) is just 7 hours between application and...
There is no charge to get a quote, and you could sleep easier in the run-up to Christmas having one less thing to worry about. Then you only have to think about the Christmas shopping, turkey,...
http://www.fundinvoice.co.uk/blog/business-finance/post/business-cash-for-christmas.html - Commercial Finance Solutions To Unlock Growth
UK companies face a myriad of challenges and opportunities. One key factor that consistently plays a pivotal role in the growth and sustainability of businesses is effective financial management....
This comprehensive guide explores various commercial finance solutions available in the UK market, helping businesses unlock their growth potential....
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Commercial finance refers to a range of financial products and services designed specifically for businesses. These solutions provide businesses with the necessary capital to fund operations, expand...
There are numerous types of commercial finance solutions available, each catering to different needs and scenarios. These are a few:...
The UK commercial finance market is diverse, with numerous providers offering a variety of products. Businesses must carefully evaluate these options, considering factors like interest rates,...
It is wise to look at what any provider's customers say about them. A good idea is to search for online customer reviews about any particular lender....
The UK market is witnessing significant trends and innovations in commercial finance, such as the rise of fintech companies, the increasing popularity of alternative finance options, and the...
To illustrate the impact of commercial finance solutions, let's explore a few success stories:...
Effective use of commercial finance requires careful planning and robust financial management. Businesses should have a clear understanding of their financial position, growth objectives, and the...
Having a clear grasp on these issues will improve the chances of your request for funding being successful....
Establishing strong relationships with lenders and finance providers can be beneficial. It not only helps in negotiating better terms but also ensures support and advice when needed. Commercial...
The business landscape is dynamic, and so are the financial needs of a company. Regularly monitoring financial performance and being willing to adjust financing strategies as needed is crucial for...
Commercial finance solutions are indispensable tools for UK businesses seeking to grow and thrive in the competitive market. By understanding and effectively leveraging these solutions, companies can...
1) What is the difference between secured and unsecured business loans?Secured loans require security or collateral, such as property or equipment, which the lender can seize if the loan is not...
2) How do I determine the best type of finance for my business?Assess your business needs, financial health, and the purpose of the funding. Consider factors like the amount needed, repayment terms,...
3) Can startups access commercial finance options?Yes, startups can access commercial finance, but the options may be limited due to a lack of trading history or collateral....
In summary, commercial finance solutions offer a lifeline for UK businesses to grow and adapt in a changing market. By understanding the various options and best practices, companies can make...
http://www.fundinvoice.co.uk/blog/business-finance/post/commercial-finance-solutions-unlocking-growth.html - Construction Business Financing Against Applications For Payment
Construction business financing is a broad term that can cover many aspects of the funding needed for business by builders and those trades allied to the building trade....
It can mean the bank finance developers need to purchase land, through funding for sub-contractors that supply the sector. This article focuses on the latter, financing for trades that supply...
Please take a look at our Guide to Construction Finance....
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When subcontractors supply the main contractor, they can be left out of pocket as they wait to be paid. Materials and labour may need to be provided up-front, well before the debtor pays. This...
Our research suggested that about three-quarters of those supplying the construction sector raise applications for payment. This is instead of invoices. This is a technical difference, but one that...
Construction sector transactions are sometimes subject to detailed contractual obligations. Again, this is a problem for many financiers, but not for specialists. They overcome this issue by using...
Funding levels released within the sector are typically up to 70% of the transaction value. This can provide a significant cash boost to companies that have money tied up in unpaid applications or...
The guide linked at the top of this article has details of how the charges work and examples of rates. These will be unique to your business. It is best to seek a tailored quote for construction...
http://www.fundinvoice.co.uk/blog/business-finance/post/construction-business-financing.html - Credit To Pay For Raw Materials
Persuading suppliers to provide you with a sufficiently large enough trade credit to allow you to source all the raw materials that you need can be difficult. We have come across situations where...
If you are unable to get enough credit to purchase sufficient raw materials it goes without saying that production can be affected, impacting revenue. We frequently assist customers that have...
If you are unable to get the trade credit you need, there are alternative sources of credit available. A business loan could be an option, however, the term of a loan may go beyond the time for which...
Two other options are trade finance and invoice funding....
With trade finance, you receive a period of credit between making payments to your suppliers and having to repay the credit. In some cases, these types of facilities can be repaid via invoice funding...
See our guide to trade finance for importers....
Invoice funding may also be a standalone option. You do not have to become tied into an ongoing arrangement with a funding company. You can opt for a selective facility whereby you submit one or more...
http://www.fundinvoice.co.uk/blog/business-finance/post/credit-to-pay-for-raw-materials.html - Financial Help Through The Cost Of Living Crisis And Any Recession
Recession fears and the cost of living crisis are hitting the headlines at the moment. Interest rates have been on the rise to counter soaring inflation. That in turn has been attributed to increased...
Many small businesses are struggling and UK companies may be in need of additional financial help through the cost of living crisis and any recession that the UK may face....
Issues such as the energy price crisis have still not fully taken effect. It's only when winter arrives that people and businesses will start to turn on their heating and see their bills...
Arranging business financing is the primary contribution that we can make to support companies through this crisis. However, there are a variety of resources on our site that may also be helpful....
Good cash flow is going to become more and more important as businesses start to feel the pinch due to the current economic climate. There are many ways to boost your company's cash flow which...
Increasing the flow of cash through your business can involve speeding up payments from your debtors. You should also take a look at our credit control guide which gives some helpful tips to speed up...
If your business is in serious financial problems, perhaps facing insolvency, you need to consult a licenced insolvency practitioner. If you are not quite at that point there may still be a chance...
Despite the UK economy undergoing difficult times, there are still sources of business financing available at the present time. For instance, receivables finance. This is unlike other forms of...
Lastly, you might want to look at ways to protect yourself from the impact of taking a bad debt. If you use any form of invoice financing, there may be bad debt protection options that can be bolted...
http://www.fundinvoice.co.uk/blog/business-finance/post/financial-help-through-the-cost-of-living-crisis-recession.html - Funding For A Car Crash Repairer Within 3 Days
This is a great example of how quickly a car crash repair company can get funding against their invoices....
We were contacted at 4:30pm by a car crash repair company that had an invoice for £4,000 that they wanted to receive funding against. The way that this type of car repairer finance works is...
The actual enquiry was received near to close of business, so overnight we introduced the company to a specialist funder that deal with car bodyshop crash repair invoices that are made out to car...
By 10:30am the following morning, we had heard from the specialist funder, confirming that they had sanctioned the deal, sent documents to the car repairer, and were expecting to pay out funds the...
If you want to know more about how funding against insurance company car repair invoices works, and the costs that are likely to be involved, there is information on our website....
This is a very quick turnaround for any kind of business financing. End to end, it could be three days between initial contact and money being received by the repairer....
This is in stark contrast to the normal payment terms that you might expect to experience, if you are undertaking repairs that are paid for by insurance companies. Typically, you may be waiting for...
There is no further obligation on the repairer to use the service again. However, the majority of the repairers, that set up one of these facilities, tend to regularly rely on the funding that they...
I was speaking to the salesperson from this particular specialist funder the other day and she told me that the majority of their clients find this style of financing so simple to use that they...
If you need help please call Sean on 03330 113622 if you are looking to get funding against car repair invoices quickly....
http://www.fundinvoice.co.uk/blog/business-finance/post/funding-for-car-crash-repairer-within-3-days.html - How To Pick A Factoring Company In The UK
Choosing the right factoring company is not like selecting a mortgage provider. With a business loan, once you have the money, it's just a case of making your payments - so often, people make...
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Picking a factoring company requires that you consider a range of different aspects to make a balanced decision. There are several aspects that should drive your decision....
When choosing a factor, these are some of the aspects that you should think about...
Below, we explore each of these in turn....
This is the most obvious part of any facility comparison: how much will it cost? We would suggest that you use your financial projections to try and work out exactly what the costs will be for each...
You may also have a discount element to the quotes and perhaps additional charges (although this is not always the case). If that applies, you will need to estimate those fees based on your...
Once you have considered all aspects of the costs on a comparable basis, you can compare the total expected costs for each facility. Please take a look at our pricing research, which shares some...
Different factors will take different approaches to risk. In some cases, a factor may not want to offer a business a facility, yet another will. This can also be reflected in their pricing, not all...
The funding levels will determine how much money you raise from your facility. Aspects such as restrictions on prime debtors, credit limits and prepayment percentages will make a big difference to...
The product that you choose will drive the benefits that you receive. For example, invoice discounting will provide prepayments against invoices without any credit control. If you want credit...
With these types of funding, the financier will be assisting or completely outsourcing your credit control. This is a service that can greatly benefit your business if used correctly. However, not...
Of course, there are other decision-making aspects to take into consideration. For example, you may get on well with the person you speak to from a particular funder. Alternatively, you might prefer...
http://www.fundinvoice.co.uk/blog/business-finance/post/how-to-pick-a-factoring-company-in-the-uk.html - Invoice Factoring Services
Invoice factoring services are forms of business receivables financing that can deliver many benefits, depending on the exact type of product that you choose to use....
See our Guide To Factoring for more details about the operation of these products and the differences between the various offerings on the market....
These are the purposes of using invoice factoring services and the benefits that can be derived from business factoring services....
They can:...
There are a variety of factoring product features that will determine the exact nature of the service that you will receive, however in general all the products deliver two key features as a minimum:...
Other features (see the list of benefits at the top and the link to our article about product types) can be added on when required....
The following video gives a brief explanation of this product: Invoice Factoring Services...
You can find further explanatory videos about these products here: Factoring Videos....
The fees will depend upon the features that you choose to use, your situation and the provider (also called a factor) that you choose. The way that the fees work also varies between different...
The good news is that any company that raises invoices to other businesses, on credit terms, is likely to be able to qualify for a facility. You do not need to have a strong financial position as the...
There are over 100 different receivables financing providers in the UK. Many of those will have multiple product offerings, so there are hundreds, if not thousands of different facilities available...
We can help you find invoice factoring or financing services, apply online using the form on this page or feel free to call Sean on 03330 113622 and he will take you through the available options, to...
http://www.fundinvoice.co.uk/blog/business-finance/post/invoice-factoring-services.html - Invoice Finance Despite Sale Or Return Terms
Normally finding invoice finance when a large customer trades on "sale or return" terms (SOR) would be impossible. However, we have just completed such a deal for one of our clients....
Sale or return means that the customer receives your product and they can return it if they are unable to sell it. If they can sell it they pay for it. Invoices are often raised before the outcome of...
For an invoice finance company, this creates a huge risk as the customer could return the product and choose not to pay the outstanding invoice....
Because of this risk, most invoice financiers do not want to fund against SOR invoices....
Firstly we searched the market and a number of potential funders declined to finance these SOR invoices. However, one of our contacts was prepared to take a more innovative approach to this customer...
Many of the funders will disagree with this approach, however, they choose to take a more flexible stance in winning this piece of business....
The invoice finance company looked back over a number of years at the trading history between the two parties. They were able to quantify the volume of historic returns and this enabled them to set a...
Based on their assessment, they were prepared to fund our client's invoices. It has to be recognised that the stature of the debtor and the established trading patterns were key factors,...
Unfortunately, it's not a case of being able to fund all and any, SOR invoices, however, this demonstrates how we can often find business funding solutions in situations where other parties have...
If you have had problems accessing the funding that you need, we have had some success in finding invoice finance companies that are prepared to take a more flexible approach in order to overcome...
http://www.fundinvoice.co.uk/blog/business-finance/post/invoice-finance-despite-sale-or-return-sor.html - Examples Of Invoice Finance Funding Lines We Have Arranged
Looking back over the invoice finance funding lines that we have arranged for clients over the last few months, the size of the funding lines put in place ranges quite dramatically....
The invoice finance funding lines we have facilitated ranged from just £8K up to £1m, and all points in between. Quite a few have been around the £150K to £200K mark and there...
There is no real difference in the way that we handle a small or large customer, the process is similar. The largest company that has ever approached us had an annual turnover of £250M. At the...
We would love the opportunity to work with more larger company clients but those invoice finance opportunities often tend to approach either their bank direct, or turn to their accountants which may...
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Whilst these may be obvious routes, and may give you access to a cheap offer - if you are fortunate, it is not always going to give rise to the best offers, highest service levels or the finest...
Your bank will of course promote their own invoice financing arm, and our research suggests that most accountants tend to deal with an average of 2 different invoice finance companies, rather than...
http://www.fundinvoice.co.uk/blog/business-finance/post/invoice-finance-funding-lines.html - Leveraging Target Company Assets To Raise Money For An Acquisition
We have continued to work with a number of parties who are looking to make acquisitions by leveraging the assets of the target company that they are acquiring. This is a way to raise part or all of...
This methodology of raising acquisition finance is not widely known, but it can be an excellent way of facilitating the acquisition of a business without needing to put up all the purchase capital...
One particular example is within the construction sector, concerning the acquisition of a steel fabrication business....
The target company has outstanding debts in respect of steel fabrication work that has been previously undertaken. These constitute a high value asset, which can then be leveraged if it is...
Receivables financing companies are able to structure such arrangements in a way that allows the acquiring party to take over the business, and simultaneously use the assets in order to pay the...
There may be other assets involved in a business purchase, such as stock finance, plant, machinery and equipment, or property - and all of these can potentially be subject to an asset-based finance...
This is a methodology by which a party that does not have the cash on hand to make a purchase, can potentially acquire another business, retrospectively leveraging the assets of the target company....
http://www.fundinvoice.co.uk/blog/business-finance/post/leveraging-target-company-assets-to-raise-finance-for-an-acquisition.html - Receivables Discounting
Receivables discounting, sometimes called accounts receivable discounting (or A/R Discounting), is a business financing facility whereby the debts that your customers own are sold to the funder at...
FIND OUT THE COST OF RECEIVABLES DISCOUNTING...
Receivables mean the monies that you are owed by customers. These can be invoices for goods or services that you have supplied, or in the case of the construction sector, it can mean applications for...
Invoice Discounting means purchasing such debt at less than its face value. Even if a funder offers 100% prepayments, they will usually deduct their fee from the value of funding that they pay you....
The term "receivables" is more commonly used in countries such as the USA and is more usually referred to as invoice finance, factoring or invoice discounting, in the UK, and there are many different...
Discounting tends to suggest purely funding being provided, as opposed to funding and credit control - which is commonly called factoring. So accounts receivables finance is probably the best overall...
I have written previously about how hit and miss it can be, using the internet to try and find these kinds of services. What search engines show you are often highly influenced by either paid...
A quick search online revealed the normal variety of paid advertisers, factoring companies, finance brokers and definition sites competing for the top of the first page in the search engines. As with...
If you need some free, independent support about the subject, please speak to Sean on 03330 113622. You can see details of who FundInvoice are and some of the glowing testimonials we have received...
http://www.fundinvoice.co.uk/blog/business-finance/post/receivables-discounting.html - Reverse Factoring And Supply Chain Finance
Reverse factoring (sometimes called Supply Chain Finance) is a financial facility that a large company can arrange with a financier, providing a factoring service to some or all of their suppliers....
The involvement of the large purchaser / supplier, such as a supermarket store chain for instance, means that the facility attracts much finer rates than the individual suppliers will be able to...
Furthermore, the individual suppliers do not need to have a great credit rating in order to qualify for the service, because of the involvement of the substantial customer. The facilities are based...
There are advantages of reverse factoring delivered to all parties involved....
The large purchasing organisation receives a period of credit to pay for supplies, whilst knowing that their suppliers are receiving immediate payment against their sales invoices....
The debtor's suppliers don't need to source their own funding arrangements, as they can benefit from a cheaper reverse factoring facility on account of the customer that they are dealing...
Suppliers may be able to qualify for an early payment discount, as they are effectively paying immediately....
These facilities can attract higher funding prepayments than would normally be offered, and online invoicing systems are often used to manage the transactions....
The biggest disadvantage of reverse factoring is that you are tied into using a facility that is predicated upon the customer that you are dealing with. Some small suppliers prefer to have the...
http://www.fundinvoice.co.uk/blog/business-finance/post/reverse-factoring.html - Sales Ledger Finance Versus Factoring
Sales ledger finance and factoring are two types of receivables finance (also sometimes called invoice finance), whereby the core service provided is that a prepayment is given against outstanding...
Whilst this funding is nearly always part of a factoring service, there are some "service only" facilities that provide only the credit control without prepayments....
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Sales ledger finance is often used to describe a service whereby you only receive those prepayments (although many parties refer to this as "invoice discounting", using the terms interchangeably),...
Sales ledger management is often also listed as a service under a factoring facility. That means handling the task of maintaining a full sales ledger (sales invoices, credit notes and payments...
However, some people use the term "sales ledger finance" to describe any whole turnover receivables financing product i.e. finance against your sales ledger (as opposed to just selected invoice -...
Another key difference between sales ledger finance and factoring is that factoring delivers a lower-risk product to the funder, hence they tend to be more liberal in terms of who they will offer it...
In our free guide to invoice financing (which has links to our guides to "types of invoice discounting" and "types of factoring", we set out, and explain, all the different styles of facility that...
If you need some simple help understanding what is available, and how sales ledger finance compares versus factoring or other product names, it may be best to speak to Sean on 03330 113622 for a chat...
http://www.fundinvoice.co.uk/blog/business-finance/post/sales-ledger-finance-versus-factoring.html - Small Business Invoice Factoring
Financing for businesses comes in all shapes and sizes, as do the businesses that it serves. This article focuses on the needs of small businesses, and one particular service that can increase cash...
This product discussed in this post is small business invoice factoring, a financing service aimed explicitly at micro companies that need additional working capital and credit control support....
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Small business invoice factoring is a financial tool designed to help smaller companies access the cash from their unpaid invoices before customers pay. By partnering with a factoring company, small...
The factoring provider then takes over collecting payments directly from customers and once the invoices are paid, the remaining balance is forwarded to the business, minus a service fee. This...
Smaller companies can use invoice factoring to release the cash that is tied up in their unpaid accounts receivable. These are the outstanding invoices that they are owed by their customers. If a...
Additionally, the product also includes a credit control service. This means that the finance company will help collect the unpaid invoices. This can free up the business owner's time or mean...
See also: Small Business Financing Options...
As invoices are raised for either products delivered or services provided, the company submits them to the factoring company. Subject to specific funding rules set out in the agreement that governs...
Micro companies can choose to submit all of their invoices or just a selected few invoices. The latter option can help them control the costs and generate funding only when it's needed....
Invoice finance for small businesses is an essential solution for managing cash flow and overcoming the challenges of late payments. Small businesses often struggle to maintain liquidity while...
See our related article: Startup Loans For Businesses....
Invoice factoring for small business customers can be a lifeline and it can support rapid expansion. Qualifying is not difficult as this type of funding is normally available where other forms of...
Small UK companies can access this type of funding providing they sell products or services to other businesses either in the UK or abroad. As the funding is secured against the invoices, it takes...
There are no set minimum criteria. Companies can use this service for individual invoices if required or for all of their invoices to release the maximum amount of additional cash....
The costs depend upon the type of facility chosen and the size of the business. There are some details of how the fees work and examples of costs shown in our section on funding startups and small...
There are a number of UK providers of factoring to choose from. However, not all UK factoring providers will suit every customer. Call FundInvoice on 03330 113622 for help obtaining the best small...
http://www.fundinvoice.co.uk/blog/business-finance/post/small-business-invoice-factoring.html - Transportation Factoring Companies For Haulage And Couriers
Transportation factoring companies are important supporters of the transportation services and distribution services industries. They provided these important sectors with factoring services to...
Many companies within those sectors use this form of funding, to unlock cash to improve their cash flow. These can include haulage, distribution and courier services companies....
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Transport factoring companies are involved with a significant proportion of the businesses within this sector as many use invoice financing services....
Distribution and courier services companies have accounted for a large proportion of client numbers within the receivables funding as cash flow funding is often helpful when faced with rising fuel...
There are some case studies on our site for the transport factoring sector, one where we have found a large, 50% annual factoring cost saving for one haulage company that was already using factoring....
We were also able to find courier company finance in the form of a selective invoice financing arrangement for a courier services company that did not require the Directors of the company to give any...
A common issue within the transportation and courier sector is getting sufficient financing against invoices to national courier marketplaces and UK courier networks....
These nationwide courier and transport networks are platforms designed to streamline the logistics process by connecting courier businesses with companies that need to transport goods. They operate...
Some invoice finance companies will not fund against invoices to transport or courier networks, and some impose funding restrictions or require other additional security measures. We have compiled a...
Whilst transport factoring (funding and credit control) is one option for hauliers, there are also funding-only options known as invoice finance or invoice discounting - if you want to retain the...
In some countries, such as the USA, there are specialist transportation factoring companies that deal with only that sector. However, in the UK, most factoring companies will support the full range...
Speak to us on 03330 113622 and we will gladly connect you with funders that specialise in the transport industry and can help....
Courier services are often included within the same sector and are also highly suited to invoice financing....
The key benefit of a transport factoring facility is the release of cash against unpaid customer invoices, and this cash can be used to boost the cash flow of your business, as you don’t have...
The credit-control service, that is included within the facility, also means that you do not need to undertake this function in-house, provided you choose a supplier that delivers a comprehensive...
Read an example of how we found a new startup haulage business recourse factoring....
In the case of transport companies, fuel can often be a high cost, as can leasing payments in respect of vehicles. The proceeds from receivables financing can be used for paying fuel costs in...
In addition to funding against unpaid sales invoices, our finance partners are able to help you arrange various forms of purchase finance, such as leasing, with respect to vehicles. This can include...
For more information please speak to Sean on 03330 113622 and he will happily put you in touch with suitable transportation factoring companies....
Case Study - Factoring Ambulance Services For Patient Transport....
http://www.fundinvoice.co.uk/blog/business-finance/post/transportation-factoring-companies.html - Defining Who Can Use Invoice Finance
Qualification criteria are important to understand when you are seeking funding. This is a reminder of who can meet the acceptance criteria to use invoice finance. There is a form of receivables...
Pretty much any industry sector has a form of receivables finance available....
Certain sectors commonly use these products, these include the following important trade sectors:...
So you will see that just about every sector is covered....
In addition to standard invoice finance services which deal with the majority of the above sectors, there is specialist construction finance for funding against either invoices or applications for...
One of the most common is payroll finance for recruiters....
Similarly, there is no limitation on the size of the company that can qualify. Selective invoice finance (where you choose invoices to have funded) normally comes with no minimums whatsoever, so even...
If you want to see the type of funding that would suit your business, and to understand the costs please call us on 03330 113622 to discuss your requirements....
http://www.fundinvoice.co.uk/blog/business-finance/post/who-can-use-invoice-finance.html - Selective Invoice Finance For 2 Invoice Paid Out In Just 3 Days
Selective invoice finance provides funding against individual invoices or batches of invoices. This means that you don't have to wait for the invoices to be paid before you receive the majority...
A financier will provide a prepayment of the majority of the invoice value, with the balance (minus fees) passed to you when your customer pays....
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In this particular case, we were able to assist a relatively new business that had just two invoices against which they required funding....
Of course, we would love our client to reuse the facility in the future, however, they are not obligated to do so. Also, they are not subject to any minimum annual fees common with whole turnover...
The funding was provided via a selective invoice finance facility, that we arranged for them via one of our panel of finance companies. Many funders are only interested in financing all the invoices...
In this particular case, speed was important, so we arranged for the two invoices to be funded within three days of initial contact with our client. The ability to release finance quickly with this...
The funding can be used for almost any purpose, e.g., funding growth, taking on large orders or paying suppliers. If you need a quick cash boost, but only want to get a few invoices funded, we will...
http://www.fundinvoice.co.uk/blog/case-studies/post/2-invoices-paid-out-in-3-days-selective-invoice-finance.html - 36 Percent Saving On Factoring Costing
Factoring costing varies between different service providers, this is an example of a recent case where we were able to find one customer a substantial saving on the price that they were paying. The...
This particular client was already using a bank for their receivables financing. They operate within the temporary recruitment sector, where it is common to find companies using invoice finance. Our...
The quote we found them was able to save them an estimated 36% on the annual fees that they were already paying to their funder, a great reason to switch invoice finance companies....
In the course of finding them what they needed, it became clear that our client would benefit from credit control support from their funder. Invoice factoring is a type of receivables finance whereby...
This means that they will benefit from both the substantial cost saving on their annual fees, and the addition of a first-class credit control service from an independent invoice finance company....
http://www.fundinvoice.co.uk/blog/case-studies/post/36-percent-saving-on-factoring-costing.html - 30K Business Loan For A Vending Machine Supplier.
Vending machine sales is one of the diverse sectors that we have been able to assist. We were able to help a supplier of vending machines arrange a long-term business loan. The loan was for...
MORE INFORMATION ON BUSINESS LOANS...
Whilst this was a relatively modest loan, we can help arrange much larger amounts. However, this case demonstrates how a small amount can make a big difference to a small business....
The way that a business loan works is very simple. You receive a fixed, lump sum into your bank account once the loan is agreed upon. You then repay that amount (and interest at a pre-agreed rate)...
You make a fixed monthly repayment, by direct debit each month, on an agreed day each month....
Therefore, as you will repay a fixed amount each month, you can budget for it in your financial forecasts. The amount owed then reduces each month, as you meet the agreed repayments....
Once you reach the end of the term, if you have met your payments each month, you will have repaid the principal sum (the amount of the loan), and the interest on the loan....
Some companies prefer a revolving credit line. This is a facility that doesn't get repaid over time but is repaid and redrawn on an ongoing basis. Facilities such as receivables financing and...
With an overdraft, you have an agreed limit that you can go overdrawn. You will pay interest and charges on the facility, but you decide if and when you repay the principal sum. However, bear in mind...
With receivables financing, if your monthly level of invoicing is steady, or increasing, and payments are regular from your customers, you can have a revolving facility that continually renews. This...
In that way, the amount of funding would stay stable assuming that sales and payments matched each month. If sales increased, so too would the amount of prepayments and funding that you received....
http://www.fundinvoice.co.uk/blog/case-studies/post/business-loan-for-vending-machine-supplier.html - Car Body Repair Finance Against A Single Debtor
Recently, we were able to assist a car body shop repair company that wanted car body repair finance against a single debtor for circa £1.4M of annual sales turnover....
Typically, invoice finance against single debtors can be difficult to find. However, in this case, we were able to introduce our client to one of our panel of funders that could meet their...
In fact, body shop finance doesn't take any account of the number of debtors or the number of invoices that the repairer raises and deals with. This is not the case with invoice finance to other...
There are exceptions to this rule. We have successfully found single debtor invoice finance for clients in other sectors, but there are a limited number of companies that offer the service....
Fortunately, our funding partners that deal with car body shops don't take any account of debtor numbers. A repairer can even submit single invoices for funding if they wish. It is a very...
In each case, the client company submits their invoices and the supporting documentation evidencing that the work was booked and completed to the satisfaction of the customer. The validity of that...
Therefore, if you are seeking car body repair finance against a single debtor, we are able to assist you. This is the case even where you are a medium-sized company turnover more than a million...
http://www.fundinvoice.co.uk/blog/case-studies/post/car-body-repair-finance-against-a-single-debtor.html - Case Study Helping A Business Save Thousands After Their Invoice Finance Provider Asked Them to Leave
Below is a case study about how we helped a business save thousands after their invoice finance provider asked them to leave and recommended an alternative provider....
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Below we explain how we helped them. Call 03330 113622 if you need similar support....
We were recently contacted by a business that had been using a large, established invoice finance provider rumoured to be withdrawing from some parts of the UK financing market....
The business had been unexpectedly asked to leave and they needed to find an alternative provider quickly. The existing provider referred them to an independent invoice finance company that agreed to...
Uncertain about their options, the client wanted to ensure they were getting the best deal....
Rather than accepting the existing provider's recommendation outright, the client approached FundInvoice for an independent market comparison. We conducted a full review and narrowed the most...
We then used our invoice finance price comparison tool, to make a comparison between these multiple competitive offers....
See this article by the Greater Birmingham Chambers of Commerce about the: Benefits Of Using A Business Finance Broker....
We sourced three alternative quotes, each offering better pricing than the independent provider suggested by their existing provider. After reviewing the options, the client selected the most...
Of course, this will also be a cheaper arrangement than the price-matching option offered by the competitor being recommended by the existing provider....
This case highlights the importance of exploring the UK market rather than relying solely on an existing provider's recommendation. At FundInvoice, we work to find the best deal for businesses...
Rather than seeing being asked to refinance as a threat, it can be a perfect opportunity to compare the market and find cost savings or other facility improvements....
Related content: See our: Guide To Moving Providers....
If your business is reviewing its invoice finance arrangements, let us help you compare options and find the most competitive offer. Contact us today for a free, no-obligation review at 03330 113622....
http://www.fundinvoice.co.uk/blog/case-studies/post/case-study-save-thousands-after-invoice-finance-provider-asked-them-to-leave.html - Case Study About Simplifying Providing Information To Invoice Finance Providers Using Technology
A recent case highlighted how choosing a tech-savvy invoice finance provider can cut through the amount of work you need to do to get an invoice financing facility set up....
In this case, the client was concerned about the amount of information that any potential financier would require. However, there are several providers that have tech-driven solutions that allow them...
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In the case of this recent prospect, he approached us looking for a Trade Finance facility, but the margins didn’t support that method of funding. Later, he considered Invoice Finance due to...
However, when we followed up, he expressed frustration over the overwhelming amount of paperwork required by some providers that he had spoken to. He mentioned losing a week of work trying to submit...
After discussing his issues, we identified two providers that use advanced technology to pull necessary financial data directly from a client's accounting system. This solution dramatically...
This case highlights the importance of choosing the right Invoice Finance partner who can simplify the process through the use of technology. These types of invoice uploads will also be invaluable...
See this related video: Can It Take Ages Then You Get Declined?...
For many businesses, the traditional Invoice Finance process can feel cumbersome, with endless paperwork and delays. However, the industry is evolving, and modern providers are embracing technology...
Selecting a provider that integrates these technologies can transform your experience. It not only minimises admin tasks but also enables you to access funds quickly, helping your business maintain a...
As more and more providers adopt these innovations, businesses that partner with them gain a competitive edge. By simplifying the application and approval process, they free up time for business...
Traditional invoice submission methods may hold you back. Choosing a provider that embraces technology can revolutionise the way you manage your working capital. If you're feeling bogged down by...
These are some frequently asked questions about the role of technology in invoice funding....
1) How can I avoid excessive paperwork when applying for Invoice Finance? Choosing a provider with streamlined digital processes can significantly reduce the paperwork burden. Some providers have the...
2) How safe is this type of data uploading? Each provider's solution needs to be considered on its merits. When uploading financial data to any finance provider, security is paramount. Reputable...
http://www.fundinvoice.co.uk/blog/case-studies/post/case-study-simplifying-providing-information-to-invoice-finance-providers-using-technology.html - Trade Finance Recourse Factoring For A Perfume Toiletries Importer
This is a case study about how we found both trade finance and recourse factoring arrangements for an importer of perfumes and toiletries....
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This case demonstrates how we can assist small companies that are seeking small amounts of finance to help them grow....
In this case study, our customer was a small UK importer of perfumes and toiletries. They were selling their imports from China to UK retailers and needed a relatively small amount of finance to...
Trade finance and recourse factoring can work well together....
The trade finance provides funding to pay the Chinese supplier whilst granting our client a period of credit to sell the goods to UK retailers....
By coupling that facility with a recourse factoring facility it extends the credit extended to our customer even further. The factoring prepayment repays the trade financing and then the factor takes...
Once they are paid, that repays the factoring arrangement and the chain is completed....
Read more about Using Factoring To Repay Trade Finance....
Whilst many banks and finance houses may not be interested in providing finance for small importers regarding small shipments, we found a trade financier who was happy to help a small importer grow....
Often, it is about helping a small company at an early stage in the hope that it will grow over time and become a larger customer....
If you are a small importer seeking credit to pay for overseas supplies it may be a relief to know that some trade finance companies will help smaller organisations....
If you are seeking a similar facility please get in touch with us on 03330 113622 and we will introduce you to sympathetic funding partners....
For help from HMRC regarding imports to the UK please see: HMRC Help For Importers. ...
http://www.fundinvoice.co.uk/blog/case-studies/post/case-study-trade-finance-and-recourse-factoring-for-importer-perfumes-toiletries.html - CHOCCs Facility Delivers Cash Injection for Building Restoration Business
Below is a case study about how we found a CHOCCs facility for a building restorer operating in the construction sector. For similar support please call 03330 113622....
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This case study explains how we were able to help....
Read more FundInvoice Case Studies....
A large-scale building restoration company, with an impressive multi-million pound annual turnover, was recently referred to FundInvoice for a solution to creditor pressure without taking on...
See this related content about: What to Do If A Supplier Puts You on Stop...
Although the company was successful and well-established, temporary cash flow constraints had created difficulties in meeting creditor demands. With payments due and limited flexibility from existing...
Following a detailed funding search, we arranged a Customer Handles Own Credit Control (CHOCCS) invoice financing facility that suited the company’s internal credit control setup. This facility...
The basis of this type of funding is that it will accelerate cash flow from existing sales invoices without creating additional debt....
The facility was sanctioned, releasing a significant cash sum from the business's outstanding sales ledger. This immediate injection of working capital can relieve creditor pressure and give the...
See this related article about: How to Improve Cash Flow, and this product information about specialist finance solutions for companies that operate in the construction sector....
Thanks to the flexibility of the CHOCCs funding structure, the company regained financial liquidity quickly without losing its credit control function. The funding line remains in place to support...
http://www.fundinvoice.co.uk/blog/case-studies/post/choccs-delivers-cash-for-building-restoration-company.html - Working Capital For An Alcohol Wholesaler In Scotland
We have just assisted a Scottish company put in place a working capital facility in respect of the wholesale of bottled beers....
There are relatively few invoice finance companies that are able to handle businesses that are based in Scotland, but were were able to find them the facility that they needed in order to support...
The company in question are wholesalers of bottled beers containing alcohol, so they needed finance against the sale of the alcohol in order to release working capital. Growing businesses often...
The facility we found them is called CHOCs, which is short for Customer Handles Own Collections. This is popular amongst businesses that do not want a third party taking over the task of collecting...
The balance of the invoices, less the fee for the funding, is passed to the client when the debtors pay. This has the effect of accelerating the cash flow of the business, which can be critical when...
http://www.fundinvoice.co.uk/blog/case-studies/post/chocs-alcohol-beers-scotland.html - CHOCs Business Finance For A Scottish Property Maintenance Company With HMRC Arrears And Ban On Assignment
Property maintenance companies can find the number of invoice finance companies that will support them limited but in the case of this client that we helped, there were several additional...
Property maintenance is not something that all funders will handle, there were also several other issues that needed to be overcome. Typically this sector can be considered part of the construction...
The client had already been rejected by one of the major UK banks due to having some HMRC arrears that were subject to a Time To Pay arrangement (TTP). They were also serving Scotland which required...
FundInvoice specialises in finding business finance for companies that have already been rejected or declined for funding elsewhere. This was a situation where we were able to assist where others had...
Additionally, the prime debtor - their major customer, had a clause in their terms and conditions that prohibited the assignment of their debts to another party. This is commonly referred to as a ban...
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Fortunately, we were able to introduce this client to an independent invoice financing company that was prepared to take a view on their issues and provide them with business finance. They were able...
The client was successfully funded using a product known as CHOCs (customer handles own collections) which operates in a very similar way to invoice discounting....
http://www.fundinvoice.co.uk/blog/case-studies/post/chocs-scottish-property-maintenance-company-hmrc-arrears-ttp-ban-on-assignment.html - Confidential Invoice Discounting For A Drinks Manufacturer Without Giving Personal Guarantees
Confidential invoice discounting (CID) means that customers are unaware that a receivables financing company is providing funding and the client company can continue to maintain their credit control...
Even a modest bank facility is likely to require a personal guarantee from your directors, and receivables financing can often release a lot more funding....
Typically, this type of facility would require the directors of the company to provide personal guarantees (PGs). This means that should there be any shortfall in the facility the directors would...
In this case, we found our client CID without the need for personal guarantees from the directors....
We introduced our client to a leading independent invoice discounter that was able to provide confidential invoice discounting without any requirement for personal guarantees from the company's...
Our client was a soft drinks manufacturer looking to grow their business significantly. The invoice discounter we found was able to put in place a CID facility to provide the working capital that our...
The new facility will assure the directors that they have sufficient working capital for expansion without the need to risk their personal assets. Often clients appreciate the peace of mind that...
NOTE: Nothing in this article constitutes legal advice and we take no responsibility for any of the information in the pages linked above. You should always seek independent legal advice before...
http://www.fundinvoice.co.uk/blog/case-studies/post/confidential-invoice-discounting-drinks-manufacture-no-personal-guarantees.html - Overcoming Constant Changes Of Client Manager
Service problems are rare in the invoice finance sector, but when they do arise, we have had some success helping clients solve service problems....
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We have just assisted a client who was using a bank-owned invoice finance company, but they had suffered continual staff changes. After having the same Client Manager, the individual - often called a...
Although not always the case, there can be frequent changes of staff within larger organisations. Therefore, we selected a small provider for this particular client, one that could deliver a close,...
With a small independent provider, we often find that clients feel that they are valued by the finance company, it may be that by having a smaller portfolio of clients, a provider can focus on...
Companies often don't appreciate how key it is to have a good relationship with your invoice finance company. It's not like some financial facilities e.g. mortgages, where it really...
If you are unable to solve a complaint, you could take a look at our guide to complaint handling within the invoice finance sector....
http://www.fundinvoice.co.uk/blog/case-studies/post/constant-changes-of-invoice-finance-client-manager.html - Credit Control For A Small Construction Estimating Business
Previously we have completed a credit control-only facility for an estimating business that handles:...
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This firm of estimators was originally with a large high street bank, which has an invoice finance arm, but as the bank has withdrawn their debtor protection this client needed to look for a new...
As this estimating business does not have any need for cash flow finance, they don't need a prepayment facility against their invoices that came as part of the factoring facility. If that should...
This is a good example of the type of deal that is often outside of the scope of some of the larger providers within the industry. However, there are options available, whereby competitively priced...
Further information about related products:...
http://www.fundinvoice.co.uk/blog/case-studies/post/credit-control-for-small-construction-estimating-business.html - Diverse Trades That We Have Found Funding
Whilst looking through recent deals that we have completed to find a few for case studies that I can add to our website, it struck me what a diverse range of different trades, and industry sectors,...
The variety of types of business finance that we can arrange for companies, means that there are options whatever your industry sector....
These are just a few examples of the industry sectors that have been funded through us over the last few months:...
These are just a few of the wide range of different trades and sectors that we can get funded, and have dealt with over the years that we have been helping UK companies get access to funding. In...
So if you are looking to raise some business finance, whatever your trade sector, please get in touch and we are likely to be able to assist you....
You can read some of our case studies, about companies we have helped here: Case Studies....
http://www.fundinvoice.co.uk/blog/case-studies/post/diverse-trades-that-we-have-found-funding.html - Do You Want An Improved Factoring Deal
In many cases, when a company is using invoice finance are not completely satisfied with the service that they are receiving, they stay put in order to avoid any hassle associated with moving....
Read our Guide To Moving Factors....
This recent case study was a fantastic example of the numerous benefits that you can enjoy if you decide to search the market and move to an alternative provider. In this particular case, the company...
The key issues that they were experiencing were cash allocation and credit control. They felt that the cash allocation process was not satisfactory, and cash was not being allocated to invoices in an...
Secondly, the client also felt that the credit control service was not up to scratch. I have written previously about the variations in credit control approach between different factoring companies....
If you are not familiar with the variations in service delivery between different factors, you could find that you are receiving something less than a full credit control service. This can mean that...
We were able to find this particular customer an alternative facility with a well-known factoring company, backed by a substantial and well-known business that is a household brand. However, in...
Firstly, the new factoring company were able to provide an increase in the prepayment percentage, such that it would increase their repayments by over 6%. (as a proportion of the prepayment per cent...
Furthermore, we were also able to save them approximately 30% on the cost of the facility that they were previously using. We were able to do this because one of the significant elements of the cost...
The new factoring company were able to address this by extending the recourse period, this meant that our client saved a significant amount of money on refactoring charges that they no longer had to...
This case demonstrates that whilst you are considering moving providers, in order to address a particular issue, you should look more broadly and seek an improved factoring deal overall. This can...
http://www.fundinvoice.co.uk/blog/case-studies/post/do-you-want-an-improved-factoring-deal.html - Factoring Successfully Arranged For Ambulance Services Patient Transport
We have been able to assist another transport company that provides patient transport services. We helped them find a factoring service from an independent factoring company, in order to provide the...
The company provides both secure and non-secure patient transport services to local authorities, police, the justice system, the NHS and the private sector. They specialise in providing ambulance...
As with most other businesses that grant credit to customers, there will be a delay between the provision of services, and payment of the debt by the relevant authority or private company. With a...
The provision of ambulance services lends itself well to funding against invoices. The debtors involved also tend to be Government organisations such as local authorities or the NHS....
By releasing prepayments against invoices as they arise, it creates a cash injection of working capital for a growing business. That cash can immediately be used to pay staff, suppliers and other...
http://www.fundinvoice.co.uk/blog/case-studies/post/factoring-ambulance-services-patient-transport.html - Funding For Accountants With Poor Sales Ledger Ageing
We have just been able to help a company of accountants find a factoring facility after their existing provider sought to terminate their facility due to the ageing of their sales ledger. So if your...
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Accountants are often paid late, it is an issue that seems to dog the sector. This particular accountancy was being funded by one of the larger factoring companies and they had reached the point...
Sales ledger ageing issues are a problem for factoring companies, as they rely on the sales invoices being paid, in order to repay the prepayments that they provide. Therefore invoices remaining...
Even if there are no risk related problems on your account, factoring companies have been known to change their criteria and terminate clients as they no longer fit their criteria for risk. We have...
In this case, we were able to introduce these accountants to an alternative, more sympathetic, independent factoring company, who were prepared to work with our client in order to improve the ageing...
Whilst one funder may refuse to finance a certain client (or debtor) another may take them on. Our expertise is in finding providers that can help, and we have a great track record of finding invoice...
http://www.fundinvoice.co.uk/blog/case-studies/post/factoring-for-accountants-with-poor-sales-ledger-ageing.html - Factoring For A Small Pest Control Company
FundInvoice has been able to assist another small business in finding recourse factoring to provide working capital for their growing company that wanted to offer more customers credit terms....
It is a common problem that as a business grows, it needs to offer credit terms in order to be competitive. Credit accounts are where customers are given a number of days to pay their invoices for...
They also gave us this great 5-star testimonial review....
The business in question was a small pest control services company that was looking to raise some additional working capital. This particular client specialises in bird control services such as the...
The full range of other pest control services would be ideal for funding via factoring, providing invoices are raised to other businesses on credit terms. These services are particularly suitable...
The full range of pest control services that could be eligible for finance via factoring could include:...
The other aspect of this case that is particularly interesting is that it is a small business that would not have fallen within the size criteria of many UK factoring companies. However, we were able...
See also: Small Business Funding Options...
http://www.fundinvoice.co.uk/blog/case-studies/post/factoring-for-small-pest-control-company.html - Case Study Factoring One Invoice For IT Software
This case study is about factoring one invoice for IT software services to help pay staff payroll with the option to factor more invoices in the future....
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This is how we were able to help this UK company pay staff payroll whilst supplying IT software services to one significant debtor....
FundInvoice assisted an IT software company in finding a facility that would support factoring 1 invoice to enable them to pay staff payroll for the month....
IT software work can be ongoing in nature which can present problems for many factoring companies. However, there are some providers that will fund IT software invoices and we connected this prospect...
In this case, only one significant debtor was involved. The outstanding invoice was substantial but there was going to be a few weeks delay in getting the invoice paid. This created a payment delay...
See this article from the British Business Bank about How To Deal With Late Payments....
The challenge for our client was that they needed to pay staff payroll for the month. This meant they needed the funds from this one invoice in their bank account despite the invoice not having been...
The factoring facility for the one invoice was put in place in just 3 days from initial contact by our client to cash being paid into their bank account....
This is fast but not quite our record which was just 7 hours from enquiry to funds being paid! However, this met our client's timeframe to get the funds to pay staff payroll for the month....
Find out more about Selective Or Spot Factoring....
In this case, our client only needed to factor one invoice. However, one great advantage of the arrangement that has been put in place is that the IT software company has the option to factor more...
Factoring IT software invoices will be available to them on an ongoing basis should their cash flow require another boost....
Read more general information about Invoice Factoring....
If you are in a similar situation, perhaps you are considering factoring one invoice, or need to pay staff payroll at short notice, please get in touch with FundInvoice on 03330 113622 for support....
http://www.fundinvoice.co.uk/blog/case-studies/post/factoring-one-invoice-for-it-software.html - Factoring With An HMRC Time To Pay (TTP) Arrangement
This is an example of a UK SME company that we were recently able to help find the funding to support their projected growth. In this case, the company was a small driver recruitment company within...
Use of invoice funding within the temporary labour sector is very common, and it is the sector where there is the highest takeup of this type of business finance....
The company already had an overdraft in place but the small limit was proving restrictive and they needed further working capital in order to support their growth plans....
This is often a situation that we come across, the amount of funding available via a traditional bank overdraft is not necessarily sufficient to support a small, rapidly growing business that may not...
The benefit with a factoring facility is that it grows in line with the turnover of the business, as the amount of funding released is based on the size of the sales ledger, rather than the other...
In this particular case, this customer had already been declined by several other providers, that he had approached directly, due to various issues that made this a more complicated proposition....
Firstly, they were dealing with a single debtor, which is something that not all invoice finance companies are prepared to entertain. Secondly, the prime mover was not a homeowner. Homeownership has...
Lastly, the business had a "Time To Pay" arrangement (TTP) in place with HMRC, in respect of some outstanding VAT. A time to pay arrangement means that HMRC have agreed that the company can pay off...
This is an example of how we can often help customers that have been declined when they approached factoring companies, and other lenders themselves....
http://www.fundinvoice.co.uk/blog/case-studies/post/factoring-with-an-hmrc-ttp-time-to-pay-arrangement.html - How To Free Up Your Own Money From Your Company For A House Deposit
Getting together the deposit to buy a house can be difficult, especially if you own your own business and you have put all your capital into making it a success....
We were recently able to help a client who was in such a situation. The client had put a lot of their personal capital into setting up their business and now they needed to find the deposit for a...
A lot of businesses are in this position, as it is common for people to use their own money to finance their businesses. Despite it being common practice, it may not be the best approach and there...
This issue comes into sharp focus when you want to raise the deposit to buy your own home. If your money is tied up in your business, you may need a way to release that cash for your deposit....
Invoice financing may be an option. Hopefully, it goes without saying that you need to ensure that your company will retain enough working capital and you may need to consult your accountant about...
We were able to arrange an invoice finance facility for our client. This type of business finance releases the money that is currently tied up in unpaid sales invoices. When a company has a number of...
After the initial prepayment was released, our client was able to withdraw some of their own personal investment from their business. This enabled them to raise the money required to deposit into a...
Providing the sales ledger is relatively stable in overall value, the amount of available funding from the facility should remain relatively stable (or indeed grow as the company grows). The...
See this case study about finding Increased Funding For A Fruit Packaging Company...
http://www.fundinvoice.co.uk/blog/case-studies/post/free-up-your-own-money-from-your-company-house-deposit.html - Funding Care Homes For Disadvantaged Children
Every now and then we have the chance to get involved with arranging funding for businesses that are really providing essential services to their local communities. This has been the case recently...
One of these was a new start care home, assisting children who had a range of difficulties from behavioural issues through to autism. The organisation was providing shelter homes, with carers on-site...
I have posted previously about how we have been involved with funding staff for care homes: Funding Care Staff Recruitment. This time it was the invoices to local authorities for the provision of the...
The debtors were local borough councils, so the care homes were not really worried about debtor failure. Hence they don't tend to require bad debt protection. The issue is more needing to get...
As with many similar organisations, they need a flow of cash to pay for the rental of the premises, and the staff payroll. These tend to be the biggest cost burdens for these types of businesses. The...
The quality of the debtors also makes these invoices ideal for invoice finance, which provides prepayments before they are settled by the council....
There is a great demand for this type of shelter service, so the client we were speaking to anticipated rapid growth in the near future. Opening further properties, to serve other local authorities...
http://www.fundinvoice.co.uk/blog/case-studies/post/funding-care-homes-for-disadvantaged-children.html - Help With Invoice Finance Credit Limit Problems
Construction sector debt can be difficult to fund against, with only a few receivables financing companies being able to assist companies trading in the construction sector. It is also a common...
This is a case study about how we helped a customer with debtor credit limit problems....
This is an example of a temporary recruitment business, servicing the construction sector that we were able to assist. They were already with an invoice finance company, although they were struggling...
The prepayment percentage had been reduced by the invoice financier, and their funders were unable to provide credit limits on several of their customers. This was causing cash flow restrictions due...
As a solution, we introduced them to a flexible, independent invoice finance company that were able to offer a blended funding formula. Against their more straightforward, recruitment sales, the...
In addition, the new finance company were able to provide further credit limits on debtors that resulted in the level of funding being double that generated by the previous funder. This is a...
The dramatically improved funding formula will also pay dividends when future invoices are submitted for funding as more cash will be released than would have been possible under the previous...
http://www.fundinvoice.co.uk/blog/case-studies/post/help-with-invoice-finance-credit-limit-problems.html - How To Repay Directors Loans Made To Your Company
Repaying director's loans that you have made to your company can be achieved with the use of receivables financing. We recently helped a client accomplish this by arranging a Confidential...
To find out how much you could raise and to get a quote:...
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A common way to finance a business is for the directors to inject their own money. Sometimes this can be in the form of share capital. Once you inject the capital, it becomes the property of the...
By raising money a company may be able to arrange repayment of a director's loan by the company....
Find out how much you could raise from your unpaid sales using our Cash Calculator....
Director's loans are monies lent to a company by its directors. They are repayable, however, these arrangements are often informal, with no set repayment dates or schedule. The money can...
We were recently able to assist a timber company with exactly this issue. The directors had loaned the company substantial amounts of money, by way of loans. The directors wanted their outstanding...
We arranged an invoice discounting facility to raise funds for the company so it was able to make repayment of the director's loans to the company using those funds. This repaid the loan made by...
Confidential invoice discounting was arranged to release a substantial amount of capital to our client company. This will take the place of the loans for working capital purposes. The payout from the...
The added benefit was that we were able to find them a facility without any personal guarantees required (often called "PGs"). This reduces the personal contingent liabilities of the company's...
This case study demonstrates you can use receivables finance as part of planning how to repay your director's loans and release a substantial amount of money to your company directors....
http://www.fundinvoice.co.uk/blog/case-studies/post/how-to-repay-directors-loans-to-your-company.html - Invoice Discounting For An Electric Bicycle Distributor
Electric bicycles, or e-bikes, are a fast-growing market, as many people seek to live a greener life and replace their journey to work in a petrol or diesel-powered car, with something less...
We were recently able to arrange a confidential invoice discounting facility for a UK-based distributor of electric bicycles, in order to support their future growth....
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A confidential invoice discounting facility (also called CID for short) is a form of invoice funding that releases cash from unpaid invoices, that you have raised to your customers, on credit terms....
There are lots of different types of invoice discounting, but CID tends to be offered to more established businesses, that want to retain their credit control activity in-house....
CID allows you to retain control of your credit control activity. You chase your customers for payment, so the funder is not involved with that process, as they would be if you were to use a...
An electric bicycle, or e-bike, is a motor-assisted bike that reduces the need for the rider to pedal. The *growth of e-bikes in Europe has increased significantly recently, from c. 100K units pa in...
The batteries used can vary, but lithium-ion (similar to those you would use in a laptop or mobile phone) are the most popular. A typical electric bike will produce c. 350 to 500 watts of power...
E-bikes can be divided into 2 types:...
*Source: European growth in e-bike sales courtesy of explainthatstuff.com...
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-discounting-for-an-electric-bicycle-distributor.html - Does Your Invoice Finance Company Go The Extra Mile For You
Flexibility is something that clients often look for, so I wanted to highlight a recent case where one of the providers on our panel went beyond what would normally be expected to help one of our...
The client was an importer of cables, connectors and testers for the telecoms and optic fibre sector. They were a new start business so needed funding to get their venture up and running and to...
We had introduced our client to a small independent invoice finance company that were prepared to support startups. Normally, an invoice finance company will provide a prepayment against credit...
In this case, the client needed to pay for the goods that they were importing, so the funder provided an advance of funds before the goods were even shipped. This enabled the client to get their...
This is not common practice within our sector, particularly for when dealing with a new start company, so it speaks to the flexibility of the financier to take such a risk to support their client. It...
I wouldn't want readers to assume that this deal can be replicated for everyone else, but I though it was worthy of sharing as it demonstrates how some invoice finance companies are prepared to...
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-finance-company-go-extra-mile.html - Invoice Finance Based In Southern Ireland (Eire - Republic Of Ireland)
We dealt with an interesting case recently where the location of the prospect was a key issue....
We were asked to assist a staff recruitment company that provided temporary contractors to various parts of mainland Europe....
The key issue with this particular prospect was that they were due to move their offices to Southern Ireland (also sometimes called Eire or the Republic of Ireland) - so they needed a funder that...
Their existing invoice finance facility provider was unable to accommodate the change of location, but the prospect still needed to be able to access funding against their invoices, for what are in...
As their location was to be Southern Ireland, there are only a handful of invoice finance and factoring companies that would be able to assist with the provision of invoice finance to southern irish...
We were able to introduce them to several providers that could provide support. With more than one option on the table, the issue of pricing then became key, with our prospect being able to select...
This is a good example of a case where the prospect had not been able to access what they needed directly themselves. It required the services of a broker, such as ourselves, who have a much broader...
In this particular case, whilst the complications are the location of the client company and the debtors, the core trade is very suitable for receivables financing. Temporary labour hire is one of...
The key benefit with temporary labour is that timesheets are normally involved, which tend to be signed off by the end debtors, and this is very clear evidence of the outstanding debt. This gives the...
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-finance-factoring-southern-ireland-eire-republic.html - Invoice Finance Against Sales For Call Centre Staff
We have been helping a client find invoice finance against their invoices to a call centre, in respect of call centre staff to support the Covid-19 crisis. Recruitment of temporary staff to support...
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Invoice finance is available to companies that offer credit terms to other businesses that they sell to. It provides prepayments against your invoices so that you don't have to wait for...
This particular enquiry related to the provision of call centre staff for use in respect of government contracts, which related to the management of the current coronavirus outbreak. Whilst this is...
If you are invoicing similar debtors, and you could benefit from being able to access the majority of the value of those invoices immediately, we can connect you with an invoice finance company that...
More information about: How Invoice Finance Works....
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-finance-for-serco-call-centre-staff.html - Split Ledger Invoice Finance Against Invoices To Neutral Vendors
Recruitment companies commonly use receivables financing (often called Payroll Finance) to help manage their cash flow. In a recent case, we were asked to assist a healthcare staffing agency that...
Our client already had an invoice financing arrangement in place. However, their current invoice financing company was unable to fund some of their invoices to the full level they required. These...
The term "RPO" or "neutral vendor" refers to umbrella purchasing organisations that are often involved in the staffing supply chain. They will typically sit between large buyer organisations (that...
However, sometimes an invoice funder can face problems providing the full level of finance against invoices to these neutral vendor organisations. This was the case here and our client required a...
We were able to orchestrate something quite unique for our client. We found them a second invoice financier that was prepared to split the sales ledger with the existing funder. This split ledger...
This is a very unusual style of arrangement for the receivables financing sector which depends upon flexible funding partners that are prepared to take a more flexible approach. If you need to solve...
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-finance-neutral-vendors-split-ledger.html - Invoice Lending For A Brewery With No Personal Guarantees Or Debenture
Invoice lending on a selective basis, without the need to provide any personal guarantees, or a debenture, was an attractive option to one of our clients....
Strictly speaking it's incorrect to refer to it as "invoice lending", it is really selective invoice financing, but often customers will use terms that we don't expect....
In this particular case, we were able to assist a brewery that were looking for some short term funding support....
As often happens, this client had received a couple of large orders that would need to be financed. Often when a company receives a large order, out of the norm, it can place pressure on their cash...
In this case, the client needed short term support to finance these large orders, but they liked the idea of a selective invoice finance facility, where they can pick and choose future invoices to...
The brewers also liked the fact that the funder that we introduced were prepared to take on their account without requiring a personal guarantee, and without taking a debenture over the assets of...
The combination of the flexibility of a selective facility, with no personal guarantees and no debenture, meant that the client was interested in funding further invoices, on an ongoing basis. This...
http://www.fundinvoice.co.uk/blog/case-studies/post/invoice-lending-no-guarantees-debenture.html - Large Contract Funding For Haulage
Another case where we were able to assist a haulage company that had landed a large contract with one particular debtor. The contract will enable them to rapidly grow their turnover, but they needed...
The haulage company was a new startup that had purchased a few trucks and secured their first customer. They had only been trading for a few months but had managed to increase the orders from their...
Invoice finance is a great way of funding rapidly growing turnover. The finance is released against the invoices that the business raises and hence it increases as the value of outstanding invoices...
Typically, providing single-debtor invoice finance can be an issue for some invoice finance companies. Additionally, the prime mover also had some prior credit history problems which would have made...
Their new transport factoring facility should place them in a position to expand, without feeling the pressure on their cash flow. As they raise new invoices, so they will receive finance against...
The other interesting aspect of this case was the speed of delivery. The agreements had been issued and signed just 5 days after initial contact. This isn't the fastest we have delivered a...
Our hope is that this client will go on to grow their turnover and expand their customer base by taking on additional customers. They will be safe in the knowledge that they no longer have to wait...
http://www.fundinvoice.co.uk/blog/case-studies/post/large-contract-funding-haulage.html - Help For A Large Temporary Recruiter That Had Outgrown Their Existing Invoice Finance Company
Outgrowing your existing suppliers can be a good thing when you are rapidly expanding a business. In this case study, we were able to help a rapidly growing temporary recruiter who felt that they had...
In this case, our client was using an invoice financing company that provided both finance and outsourced credit control. Our client told us that they were finding the current service very expensive...
We introduced them to a well-respected invoice finance company that was able to provide them with a substantial funding line. Our client wanted to continue to outsource their credit control activity,...
A recourse factoring arrangement was established that will deliver the combination of working capital finance integrated with a comprehensive credit control service. This is often popular with...
In this case, the provider introduced has an excellent reputation as both a financier and a provider of outsourced credit control. Outsourcing services such as credit control can cut down on the...
If you are growing quickly and want to raise more working capital, take a look at our free Guide To Working Capital. It explains how working capital functions in a business, ways to boost it and...
http://www.fundinvoice.co.uk/blog/case-studies/post/large-temporary-recruiter-outgrows-exisiting-invoice-finance-company.html - Motorhome and Caravan Repair Factoring A Case Study in Rapid Financial Solutions
For any UK motorhome and caravan repair company, managing cash flow effectively is crucial, especially when dealing with large insurance companies....
This case study exemplifies how innovative financing solutions, specifically body shop factoring, can improve the way repair companies handle their finances....
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For a prominent motorhome and caravan repair company, the challenge was clear: maintaining a steady cash flow while waiting for payments from insurance companies. These payments, often delayed, could...
Enter the concept of "caravan repairs factoring" also known as "motorhome crash repairs factoring." As a broker, we stepped in to find them a bespoke factoring solution. Factoring, in its essence,...
Our approach was straightforward yet effective. Within a week of first contact, we assessed the company's specific needs, evaluated their invoice ledger, and introduced them to a factoring...
The impact of implementing motorhome crash repairs factoring was immediate and profound. The repair company experienced a significant boost in their cash flow, allowing them to pay suppliers...
This case study serves as a compelling example of how caravan repair factoring can be a game-changer in the motorhome and caravan repair industry. It not only offers a solution to cash flow problems...
See another case study: Factoring For A Phoenix Of A Caravan Repairer...
http://www.fundinvoice.co.uk/blog/case-studies/post/motorhome-caravan-repair-factoring-crash.html - Payroll Finance To Fund Growth And Staff Wages
Payroll finance can be used to fund growth and pay staff wages, as was the case for this recruitment company operating in the healthcare sector. This type of funding can be an essential way of...
Our client was a temporary staff agency providing health care staff. They were expecting to grow their annual turnover to more than £1M pa, which could cause liquidity issues as the company...
Liquidity is a measure of how able a business is to pay its creditors as they fall due. A liquid company will have cash on hand to be able to pay these debts, this may be in the form of financing...
One option is to leverage the book debts of a company to release more cash. Normally, companies have to wait for customers to pay in order to access the funds from their sales. However, by using...
This issue is exacerbated when a company is rapidly growing. The faster a temporary staff agency expands, the more cash it will need to meet its staff wages. One benefit of the funding from payroll...
Another burden for staffing agencies is that they have to complete a lot of paperwork for their staff payroll. This will include the production of wage slips, P60s, P45s etc. This particular funding...
We were able to help our client find a selective invoice financing facility with payroll via an independent specialist. This will allow them to select invoices to be funded when they need working...
http://www.fundinvoice.co.uk/blog/case-studies/post/payroll-finance-for-growth-and-staff-wages.html - Payroll Financing For New Construction Staff Agency In Bolton
This case study explains how FundInvoice found payroll financing for a construction staff agency based in Bolton, UK with ambitious expansion plans....
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In this case, we introduced a new Bolton-based startup staff agency to an independent payroll financing provider....
FundInvoice was approached by a new startup staff agency that intended to specialise in skilled construction workers hired temporarily....
The company traded out of Bolton and was launched by Directors with extensive agency experience within the sector....
SEE ALSO: Our Business Startup Guide...
Given the Director's extensive experience within the sector, they were expecting rapid expansion during their first year of trade....
This meant that the new startup company would need a bigger funding line than might normally be offered to a newly started company....
The client sought a provider that could offer specialist sector-specific financing, including outsourced services such as payroll management to reduce their admin....
NOTE: If you want to run your own payroll training is available from The Chartered Institute Of Payroll Professionals CIPP....
FundInvoice introduced the company to an established independent provider of payroll financing that was prepared to take a view and offer a larger funding line to meet their future growth...
The funder established a substantial facility that will meet our client's current and future cash flow needs....
The larger facility will allow them to scale their business rapidly without needing to worry about funding constraints....
If you have a similar need for payroll financing please call us on 03330 113622 and we will help you find what you need....
http://www.fundinvoice.co.uk/blog/case-studies/post/payroll-financing-new-construction-staff-agency-bolton.html - PCID For A Temp Recruitment Agency In Ireland
We have helped complete a PCID, protected confidential invoice discounting facility for a client based in Ireland. This facility has been delayed due to the Covid-19 outbreak....
Our client is in the temporary recruitment sector, a sector where the use of invoice discounting is very common. The facility will provide cash flow benefits as the client is no longer having to wait...
The location of the business would be an issue for some invoice discounters, as they are not all able to handle clients based in Ireland. However, there are those that are able to offer invoice...
PCID stands for "Protected Confidentail Invoice Discounting", which means that you receiving funding against invoices, but your customers are not aware of the involvement of a discounter. You are...
The "P" stands for "Protected". This means that it is a non recourse facility. Providing our client trades within pre-agreed credit limits for each of their debtors, they have protection against bad...
The facility means that as invoices are raised for temporary labour placements, on credit terms, the client receives the majority of the invoice value immediately by way of their funding facility....
http://www.fundinvoice.co.uk/blog/case-studies/post/pcid-invoice-discounting-ireland.html - Replace Your Cancelled Invoice Finance Facility
We have just been able to help a small steel fabrication business that was using a selective invoice finance company, that wanted to cancel their invoice financing facility....
The business deals with a number of construction sector customers, and hence a lot of their sales are billed via applications for payment, rather than invoices. The use of applications for payment,...
Most traditional invoice finance companies will only deal with transactions billed via sales invoices, and most stay clear of the construction sector due to the additional risks associated with...
This particular business had been using a selective invoice finance facility from a well-known provider, but a downturn in their trading performance had meant that their latest set of financials...
Whilst many invoice finance companies will be prepared to overlook poor financials as they rely upon the book debts for their security, in this case this particular funder wanted to cancel their...
We were happy to assist and introduced them to one of our panel of selective invoice finance companies, who were prepared to fund both their sales invoices and applications for payment to the...
This is another case study example that demonstrates how different invoice finance companies will take a different risk stance with regard to funding a particular business. Anyone who uses invoice...
http://www.fundinvoice.co.uk/blog/case-studies/post/replace-cancelled-invoice-finance.html - Replacement Invoice Finance When A Bank Terminated The Existing Facility
Replacement invoice discounting was required for one of our clients who had been told that their bank wished to terminate their facility. This is commonly referred to as a "manage away" in our...
FundInvoice were introduced to a company of security consultants that needed help after their high-street bank-owned invoice discounting company told them they wanted to terminate their existing...
The client had a confidential invoice discounting (often called CID) facility. This means that they receive funding against their sales invoice, but they retain control of their sales ledger...
Our client was involved with the provision of security staff for events. A sector that is well suited to funding via receivables financing....
The issue was that despite turning over several million pounds each year, the business had seen a drop in turnover and a downturn in its financial performance during the pandemic. This is of course a...
We were able to find our client a replacement confidential invoice discounting facility with an alternative bank-owned invoice discounter. They were happy to support this client and help them get...
This is a good example of how we can often help clients that have been declined for a facility elsewhere. In fact, we specialise in supporting companies in such situations. Prospects commonly expect...
For further help with termination, please see our Guide To Receivables Finance Termination....
http://www.fundinvoice.co.uk/blog/case-studies/post/replacement-invoice-discounting--bank-terminated.html - Selective Invoice Finance For A Roofing Contractor
Selective invoice finance was recently arranged by FundInvoice for a roofing contractor experiencing an upturn in new orders....
In this recent case study, we were able to introduce our client, a roofer, to a selective invoice finance company that was able to provide a flexible financing facility....
This particular roofing contractor was well established, but like many other roofers, they had been affected by the impact of COVID-19. However, now they were experiencing an upturn in the orders...
What made this case more interesting was that our client already had an existing selective invoice finance facility with another provider that was unable to provide the funding required in this case....
Normally, in the receivables financing sector, funders want to be the only party involved with financing a particular business. However, there are some financiers who are prepared to finance...
One of the most important benefits of selective receivables funding is that it enables a company to pick and choose individual receivables to attract a prepayment. This means that the company is very...
Another important aspect of this particular case is that it is an example of financing a business that operates within the construction sector. Often, mainstream invoice, finance companies will not...
http://www.fundinvoice.co.uk/blog/case-studies/post/roofing-contractor-selective-invoice-finance.html - Savings On Factoring For A Recruitment Company
An interesting recent case where a potential cost saving has been identified for a medium-sized recruitment company, currently using non-recourse factoring....
The prospect was using a non-recourse factoring service (which can have its benefits), from a large provider, but they were seeking a cost reduction exercise, and they wanted a better service. They...
We have seen a number of cases where a funder has decided to move towards larger clients, rather than focusing on small and medium-sized clients, indeed I have commented recently that the industry...
In this particular client's case, as we often see, a loan or overdraft will not produce the level of funds that are required. In this case, those avenues were only likely to generate up to about...
It is a common issue for businesses that are growing, that they need access to more funding than traditional lending products can offer (unless they have significant tangible assets against which to...
Therefore, an option was a product change, to move the prospect from non-recourse factoring to a Confidential Invoice Discounting style facility, whereby they could bring their credit control back in...
With regard to the non-recourse element of a facility (bad debt protection), you can opt for Protected Invoice Discounting, which offers bad debt protection, or you might consider taking out your own...
Many businesses prefer confidential invoice discounting to factoring, as it offers a number of advantages:...
http://www.fundinvoice.co.uk/blog/case-studies/post/savings-on-recruitment-factoring.html - Second Business Acquistion Completed By A Customer
One of our existing clients has utilised a further recourse factoring facility in order to make their second business acquisition, in short succession....
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They had already completed an initial acquisition of a business within their trading sector. They utilise an invoice finance facility in respect of the sales ledger of that business, in order to...
At a time when the UK economy may be contracting, acquiring a competitor, in order to achieve step-change levels of growth can be a good way of expanding your business. Factoring can be a great...
Invoice finance can assist acquisitive businesses in a number of ways. Firstly, the acquiring business can leverage its own book debts in order to release cash. Secondly, the book debts of the target...
See also related information about Business Purchase Loans....
Recourse factoring works by releasing a proportion of the value of the unpaid credit invoices owed by your debtors. It is therefore cash that you already own rather than debt that you are taking on....
The added benefit of a factoring facility is that it includes a credit control service. In the case of the independent factoring company that we introduced to this particular client, that is a...
http://www.fundinvoice.co.uk/blog/case-studies/post/second-acquisition-completed-by-a-customer.html - Spot Factoring for Pet Products Innovative Finance Solutions for Invoices To Hotels
The trend towards pet-friendly hotels has created unique opportunities and challenges within the pet products supply chain. As hotels increasingly cater to pet owners, suppliers, like our client in...
Factoring company accounts receivable can be a great way of releasing cash from unpaid invoices....
Our client, a prominent supplier of pet products, secured a significant contract with a large hotel chain. The challenge was to manage cash flow effectively to meet the increased demand. Traditional...
We provided an introduction to a bespoke financial solution through selective factoring. This approach allowed the client to factor invoices on a spot basis, enabling them to access funds from...
The implementation of spot factoring transformed our client's financial landscape. With immediate cash flow from their major contract, they could reliably supply products to the hotel chain...
This case study exemplifies the importance of adaptable financial solutions in niche markets like pet products for hotels. As consumer trends evolve, businesses must pivot quickly, and selective...
http://www.fundinvoice.co.uk/blog/case-studies/post/selective-factoring-pet-products-hotel-groups.html - Selective Invoice Finance For Installation Of Car Charging Points
This case study concerns a client in a very different industry sector that we were able to find a selective invoice finance facility....
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The small business was an installer involved with the installation of car charging points for electric cars. They also undertook some solar panel installation, under the Government's green deal...
Car charging points, for electric cars, are becoming much more widely available, and in addition to their appearance in places such as car parks, people are starting to have them installed at home....
With the Independent recently reporting that the UK needs six-fold growth in the number of charging points by 2020, to keep up with demand for greener motoring, I can only imagine that the demand for...
It should also be noted that funding against installation invoices is not universally accepted by receivables financing companies, however we can provide access to finance companies that are...
We have worked with many companies that work in fields related to greener energy, so we have funders on our panel that are able to assist them. We found our client an independent selective invoice...
The benefits of a selective facility are that our client can choose the invoices that they want to receive funding against, and they have no contractual obligation to keep using the service. This...
Of course if you don't want to go down the selective route, as number of clients don't, there are full turnover options available whereby you can discount all of your invoices. You will...
http://www.fundinvoice.co.uk/blog/case-studies/post/selective-invoice-finance-for-installation-of-car-charging-points.html - Selective Invoice Finance For A Property Surveyor
Selective invoice financing was recently arranged for a property surveyor that had received a major contract from one of their customers....
FundInvoice were able to assist a property surveyor that was an established business to find the finance they needed to support the anticipated growth of their business. ...
This particular survey company had landed a contract with their major customer to undertake a large number of regular monthly surveys. This type of surveying volume was welcome in terms of business...
When a company secures a large order, it can place a strain on its cash flow to fund the work. This is where an external funding arrangement, to raise additional working capital, can prove...
Cash flow financing facilities are available to help all types of businesses, including those that operate within the construction sector. Whilst many funders do not deal with the sector, due to...
This surveyor's customer also operated on a self-billing basis. This means that rather than our client raising an invoice, the customer provided the self-bill document to our client and then...
Many clients prefer selective facilities, as it allows them to only submit certain transactions for funding. This can enable a company to keep close control over the cost of their facility and only...
http://www.fundinvoice.co.uk/blog/case-studies/post/selective-invoice-finance-property-surveyor.html - Trade Financing And Factoring For A Womenswear Designer
In this case study, we arranged trade financing and factoring for a London-based womenswear designer to pay international suppliers and enable growth....
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This case study concerns a London-based womenswear designer specialising in women's fashion for UK high-street retailers....
The challenge for this client was that they needed cash flow support to pay their international suppliers to import the women's wear garments....
They needed to make these payments for the clothes they were importing whilst they waited for their customers, UK retailers to pay them....
International suppliers often require large upfront payments to put goods in transit to the UK. Buyers can then face delayed payments from their retail buyers, which impacts their cash flow....
Often smaller importers can miss out on lucrative growth opportunities as their working capital on hand doesn't stretch to funding these larger orders....
FundInvoice was able to present an ideal solution to this womenswear designer. The combination of trade financing to pay the international supplier and recourse factoring to pay back that finance...
After a short initial consultation to understand the designer's financial needs, we identified a provider that would be well-placed to support them....
We connected this client with a small, lesser-known UK-based trade financing house that was able to assist them. They put in place the trade financing, which was connected to a factoring facility....
The latter would give the client immediate access to the cash from their sales invoices as soon as they were raised to UK retailers. This cash can repay the trade facility and create an extended...
If you need help on the process of importing into the UK see the UK Government's guidance: Importing Into The UK...
Establishing these facilities has created the working capital our client needed to pay their international suppliers and enable their growth....
If you have similar issues, even if you are in a different line of business, get in touch and we can help you find similar support regardless of the size of your company....
Call us on 03330 113622 for a confidential review of the options for your company....
http://www.fundinvoice.co.uk/blog/case-studies/post/trade-financing-and-factoring-for-a-womenswear-designer.html - You Only Need Orders To Raise Finance
Finance can seem very hard to find when your business doesn't have a strong set of financial accounts. This was the situation that one of our clients had found themselves in. However, if you...
Our client was a manufacturing company that was working on a substantial government project. They had managed to secure some loan funding so they geared up to finance that work. Things were looking...
The company managed to survive these events, but they were left with a set of financial accounts showing a balance sheet with a substantial negative net worth and a lot of long-term debt. Post-Covid,...
The client was referred to us by one of the funders who had been unable to help, and we set about searching the market to secure them some working capital finance so they could deliver against these...
We found them a CHOCs facility with an independent invoice finance company that was prepared to provide finance. CHOCs means "Customer Handles Own Collections". This meant that our client would...
The funder that we introduced took the time to understand the contracts and get to grips with the nature of the debts owed to our client. This gave the funder the comfort of being able to provide...
http://www.fundinvoice.co.uk/blog/case-studies/post/you-only-need-orders-to-raise-finance.html - Get Access To Furlough Payments Now
MarketFinance have launched an innovative new scheme to enable SMEs to access furlough payments immediately....
"Furlough" is the term applied to employees that would have been laid off by their employers, due to the impact of the virus outbreak, but are retained by their employer in return for a Government...
The scheme aims to retain jobs, for employees that would have othewise become unemployed, whilst UK businesses struggle through these difficult times....
Furlough financing gives SMEs prepayments against the furlough payments that they are due, to speed up payments due from the job retention scheme....
CONTACT MARKETFINANCE...
Under the Coronavirus Job Retention Scheme (CJRS), small businesses have applied for grants that may be received Monday at the earliest. However, payment of wages will be due on Friday for many...
MarketFinance have extended their selective invoice financing platform to accept these furlough payment invoices to HMRC, such that prepayments can be made available against them, for amounts...
This option gives cash strapped businesses a way to access at least part of the money that they are due immediately. This financing scheme is currently available monthly, for payments that will be...
It is another brilliant example of how UK businesses are adapting to these difficulties and innovating in order to help UK businesses survive this crisis....
Related information: Coronavirus support for UK companies....
http://www.fundinvoice.co.uk/blog/cash-flow/post/access-furlough-payments-now.html - Alternative To CBILS If You Don't Qualify
UPDATE: CBILS SCHEME DUE TO CLOSE 31/03/2021 - NEW GROWTH GUARANTEE SCHEME ANNOUNCED....
If you are looking for an alternative to CBILS, if you don't qualify, or have been rejected, you are in the right place....
Much has been published about the Government's CBILS (Coronavirus Business Interruption Loan Scheme), whereby companies affected by the virus outbreak can apply for a loan to get them through...
SEEK ALTERNATIVE FUNDING...
Furthermore, we saw reports that there were hundreds of thousands of enquiries within the first few weeks (not all of which will result in an application), which makes the approval rates even more...
I have written previously about my concerns that many UK companies may be "waiting to see what happens", holding off getting the help that they suspect they may need - and this may lead to many...
Research suggests that many companies don't like the idea of taking out additional debt at this time....
Financing your invoices is a simple way of releasing cash, without taking on the additional debt burden that comes from a loan. With this type of funding, you receive prepayments against unpaid sales...
This alternative to CBILS is an option that is widely available from both banks and independent financiers, companies with outstanding invoices are very likely to qualify, and even those with a poor...
It fixes the cash flow of companies that are waiting for customers to pay outstanding invoices - you get the money released immediately. Furthermore, this type of funding can be in place fast, within...
See Also: Coronavirus Business Support Resources....
http://www.fundinvoice.co.uk/blog/cash-flow/post/alternative-to-cbils-if-dont-qualify.html - Case Study About Financing Rapid Growth
Financing rapid growth has been a common requirement we have seen among the companies that have contacted us recently. As the economy has recovered following the pandemic, many businesses have seen...
One of the issues with funding growth is that as the company's turnover increases, so does its requirement for working capital. Many traditional forms of borrowing don't accommodate this....
Receivables finance is a form of business financing that does increase as your turnover grows. The funding level is based on a percentage of your sales ledger. As you expand you raise more invoices...
We helped a customer recently who was in this position. They were a recruitment company working in the civil engineering sector. The company had already achieved a multi-million-pound turnover, but...
We found them a CHOCs facility with an independent invoice finance company. CHOCs stands for "Customer Handles Own Collections". This will release the finance our client needs but allow them to...
With the new funding line in place, they are set to be able to finance their rapid expansion with the peace of mind that comes from knowing that their funding will grow with their business....
http://www.fundinvoice.co.uk/blog/cash-flow/post/case-study-financing-rapid-growth.html - Are Cash Flow Constraints Stopping Businesses Taking Orders
Marketinvoice published some research in Finance Monthly, that indicates that some 87% of businesses may be stopped from taking on potential orders, due to cash flow constraints. That's a large...
There continues to be, what I would call an "oversupply" of cash flow finance within the UK receivables financing sector. These facilities improve cash flow by unlocking the money that is locked up...
The research also found that 45% were checking their cash flow on a daily, or weekly basis. To me this indicates that cash must be tight, to need to check quite so frequently. Apparently, 30% require...
I checked our cash flow position, my method is pretty simple:...
If I want to produce a full cash flow forecast, I use a simple statement of cash held, cash expected, and cash expenditure. It's divided on a monthly basis (you could make it more frequent) such...
If you are having cash flow problems and could benefit from an injection of funds, please call Sean on 03330 113622 for funding that is not driven by your credit status....
http://www.fundinvoice.co.uk/blog/cash-flow/post/cash-flow-constraints-stop-taking-orders.html - Are Companies Going To Run Out Of Cash This Month?
Are UK companies about to start running out of cash at the end of this month?...
Now is a critical time for many UK companies. Since the onset of the coronavirus outbreak, and the various lockdown related measures to control it spread, businesses have started to feel the impact...
DISCUSS FUNDING OPTIONS NOW...
Whilst we have seen some UK companies need finance to benefit from large orders in support of the Government's efforts to combat the spread of the virus, many others have started to struggle, as...
Some reports suggest that UK output may have plunged by some 30% amid the current crisis, a catastrophic impact on the UK economy....
The government launched their CBILS scheme (Coronavirus Business Interruption Loan Scheme), although this only achieved a 0.8% loan approval rate in its first week since its launch....
Whilst the Government have taken further steps to address this, many remain sceptical as to how much have a contribution it will make to kickstarting the UK economy. Some businesses are...
There are other measures, such as deferment of the payment of VAT and self assessment tax, which may have alleviated some cash flow pressures in the short term. However, this is not an endless pot of...
We are conscious of a mindset amongst some businesses of "waiting to see what happens". We are approaching a point now where towards the end of April 2020, many businesses will start to see the...
Many of the rescue measures, such as payments to the self-employed and payments in respect of furloughed staff, are unlikely to be received until sometime after this period. This will mean that many...
Common sense would suggest that companies need to be projecting forward their cash flow forecast, and taking steps to put in place the funding and finance required to ensure their survival....
Companies that have invoices owed to them can accelerate their cash flow by discounting those invoices with an invoice finance company. This will release a significant proportion of the value of...
Whilst there are selective invoice finance facilities available, that will allow a company to temporarily access this type of funding, and ongoing whole turnover facility will continue to speed up...
Logic that suggests that a company applying for facilities, such as invoice finance, at this point is more likely to be successful, rather than at a point when payments from debtors have started to...
http://www.fundinvoice.co.uk/blog/cash-flow/post/companies-run-out-of-cash-this-month.html - Sales Finance For Hand Gel Sanitiser & Hand Wash Orders In Wake Of Coronavirus
As the hysteria around the spread of coronavirus (COVID-19) across the UK continues, there are news reports that items are being rationed by some pharmacy chains such as Boots and LloydsPharmacy (BBC...
These appear to include items such as:...
I have heard local reports from friends that they have been visiting different shops to try and find hand gels and hand wash. It appears that some outlets have completely run out....
I have also heard of difficulty booking delivery slots with supermarkets, presumably as people rush to stockpile basic supplies....
So it is not just the coronavirus preparations and stockpiling that are leading to large orders being placed with suppliers....
This is creating a huge demand for this product, which has outstripped demand in some places. The article suggests that research from Kantar Worldpanel suggests that sales of hand sanitiser gels have...
This may be giving rise to large seasonal orders that can put a strain on the normal cash flow of manufacturers, wholesalers and distributors. If you have experienced such a surge in demand, and you...
Call 03330 113622 for a sales finance quote....
Sales finance works by releasing the cash that becomes tied up on your outstanding sales invoices. You no longer have to wait for your customer to pay in order to access the majority of the value of...
This type of funding means that you can take on large orders and grow, without having to worry that they will outstrip your available cash flow. The products have the effect of accelerating your cash...
Related information: Government Guidance On Hand Washing & Coronavirus....
http://www.fundinvoice.co.uk/blog/cash-flow/post/coronavirus-hand-wash-gel-sanitiser-sales-finance.html - Financing Large Orders For Coronavirus Preparations
Coronavirus (CoV or COVID-19) continues to affect UK businesses yet some companies have experienced a boom in demand for products that support efforts to control the virus and deal with the fallout....
Concern about the virus formerly known as “2019 novel coronavirus" has resulted in the Government making preparations, and developing stockpiles of supplies, to cope with increases in the...
Call 03330 113622 for help financing large orders....
This could include suppliers of items being stockpiled, or additional support services such as:...
Receiving significant orders, even if they will ultimately be paid for by a reliable debtor such as the UK Government, can still create a cash flow problem for businesses....
We have written previously about how invoice finance solutions can be used to smooth the cash flow humps associated with taking on a large order: Financing Large Orders.These facilities can release...
There are also plenty of funders that are able to provide you with invoice finance during lockdown or self-isolation.In the event that preparations to cope with the coronavirus outbreak have resulted...
http://www.fundinvoice.co.uk/blog/cash-flow/post/financing-large-orders-for-coronavirus-preparations.html - Funding Big Services Contracts Relating To Novel Coronavirus
As expected the Government's preparations for a novel coronavirus epidemic in the UK have led to big contracts being placed for support services. In some cases, these government contractors will...
We have been speaking to a communications company that has been awarded a multi-million-pound contract to provide communications services, relating to the coronavirus epidemic. This will be one of...
Call 03330 113622 for help funding a big contract....
I have written before about how finance for COVID-19-related stockpile orders is available, and we are starting to see evidence of that raised demand. This case was an example of that....
Whilst my previous post originally focused on the orders for physical products, such as protective equipment etc. We are also starting to see the demand for additional service contracts. These are...
More private sector services are likely to be required to support the Government's plans to contain and deal with the spread of the virus....
These services could include:...
In the particular case of the communications company, they were a small organisation receiving a significant contract from a government-backed customer. This type of peak in demand is going to be...
If you are experiencing a similar surge in the demand for services, or products, we are ready to help you find the funding that will allow you to take on those big contracts....
http://www.fundinvoice.co.uk/blog/cash-flow/post/funding-big-contracts-services-novel-coronavirus.html - Help With The Christmas Payments Slowdown
Christmas is only a few weeks away again, and it is now that many businesses will begin to notice the annual Christmas payments slowdown. This is when customers can take longer to pay....
This can be due to:...
The impact on the cash flow of suppliers can be a problem. If customers don't pay as promptly as they should, or have previously, you won't have the cash coming in to meet your own creditor...
There are a few things that you can do to try and keep your cash flow in good order, during the run-up to the Christmas period:...
It is also important to take action now, to avoid a knock-on effect going into the new year. If your cash flow forecast shows a deficit, or if it is going to be overly tight should there be any...
http://www.fundinvoice.co.uk/blog/cash-flow/post/help-with-christmas-payments-slowdown.html - How To Get Invoice Finance During UK Lockdown
Are you concerned about needing to arrange business finance in the event of a UK wide lock down?...
We are still able to help you arrange, and use, an invoice finance (or factoring) facility, even if there is a full lock down in the UK, due to the novel coronavirus outbreak. Funding can be in your...
APPLY ONLINE NOW...
At the present time, due to the outbreak of coronavirus, the UK Government are asking people to take precautions such as self isolation if you are at risk, and minimising travel to absolutely...
Even with the existing measures in place, many businesses are finding it difficult, or impossible to continue to trade, and are suffering financially. Conversely, many companies that are supplying...
There are government measures in place to support businesses, and one of those measures is to arrange business finance. Options such as invoice finance or a factoring facility, may help get you...
At FundInvoice, we deal with a wide range of different invoice finance companies and a number of those have confirmed that they are both able to service their existing customers, and sign up new...
This approach is being enabled by a wide variety of technologies that some funders have available, to allow them to deliver funding to new and existing customers in isolation:...
If you need help putting in place the technology to help you deal with isolation and lock down please contact: Techwork....
Many of our funding partners have gone to great lengths to reassure us that they can continue to operate normally with their staff working remotely, and leveraging these types of technologies. We...
With so many UK companies now struggling to cope with the cash flow pressures presented by this crisis, now is the time to get your finances in order, taking action early rather than leaving it until...
http://www.fundinvoice.co.uk/blog/cash-flow/post/how-to-get-invoice-finance-during-uk-lockdown-isolation.html - How To Improve Your Business Cash Flow
Three simple steps how to improve the cash flow of your company are explained in this short explainer video:...
For further help improving the cash flow of your business, we have some additional resources that will be of interest....
Firstly we have an article which explains 10 steps that you can take to increase cash flow....
Secondly, if you are looking for a cash injection into your business, you can use invoice finance to release the money that's tied up in your unpaid invoices. Also, please see our guide to...
To see the details of how the funding generated by factoring affects your company's cash flow forecast, see this example: The Effect Of Factoring On A Cash Flow Forecast....
Lastly, please see our article: How To Increase Working Capital....
By controlling your cash flow as you go, you can avoid running into problems. These are a few ideas about how to plan for the future to avoid issues:...
http://www.fundinvoice.co.uk/blog/cash-flow/post/how-to-improve-your-business-cash-flow.html - How To Increase Working Capital
This is a short article about how to increase working capital within your business....
RAISE WORKING CAPITAL...
Also, see our related article that sets out the 3 high-level ways to increase cash flow and our Cash Flow Guide....
Working capital (WC), in financial terms, is the amount by which the current assets of a business exceed its current liabilities. Current assets or short-term assets are the:...
Current liabilities are all creditors that are due to be paid within a year....
The calculation is as follows:...
In practical terms, companies often consider their WC to be the amount of money that they have available at any given time. That cash can be used to pay for raw materials, staff wages and other...
If current liabilities exceed current assets, that is known as a "working capital deficit" or "working capital deficiency". In such situations, a business will be likely to have cash flow problems as...
There are a number of ways to increase working capital which are explained below. However, please note that their degree of immediate impact on the cash position of a company will vary....
There are a number of ways of boosting the cash position of your company and improving cash flow. These include:...
http://www.fundinvoice.co.uk/blog/cash-flow/post/how-to-increase-working-capital.html - Need Quicker Payments From Your Customers
Would you like to get paid quicker by your customers? We may be able to help....
CONTACT US FOR HELP...
Trading on credit terms is often a prerequisite when quoting customers for the supply of your products or services. Standard UK trade credit payment terms on invoices tend to be 30 days. However,...
Companies that are facing these types of cash flow pressures may benefit from a solution that can speed up the receipt of your payments....
Whilst we would all like everyone to pay quickly, there is a need for a more pragmatic solution to late payments. Using some form of receivables financing can be one way to tackle the gap between...
We can help find you cash flow funding that will bridge the gap between you raising your sales invoices on credit terms, and getting paid by your customers. This type of funding can be provided by a...
You will receive a prepayment, upfront, of the majority of the value of the invoice, with the balance paid when the customer pays (less a charge for using the service). You can receive this type of...
http://www.fundinvoice.co.uk/blog/cash-flow/post/need-quicker-faster-payments-from-suppliers.html - Avoid The Queues Personal Service Business Funding
The launch of the Government's Coronavirus Business Interruption Loan Scheme (CBILS) on Monday will have been a welcome lifeline for many UK businesses....
However, we have heard some reports of:...
Despite these issues we hope that it will help many UK businesses get through this crisis....
There are alternative forms of funding, such as invoice finance facilities, available from a broad range of independent financiers, that are likely to be more easily accessed quickly....
SEEK ALTERNATIVE FUNDING...
We just wanted to reiterate that we offer a personal service to take the hassle out of finding business finance. We do the shopping around for you, and we have an extensive panel of finance companies...
One call to us (03330 113622), and we can get working for you finding you options. We don't charge you to use our service, we receive a commission from the funder if you choose to go ahead. On...
Our expectation is that for many companies, the impact of the UK lockdown will only begin to bite financially, after a few more weeks. By that time, you could have your emergency business finance in...
http://www.fundinvoice.co.uk/blog/cash-flow/post/personal-service-alternative-company-finance-avoid-queues.html - Video About Improving Liquidity By Increasing Margins
This short video explains how to boost liquidity by increasing the margins on your sales....
If you need a larger financial boost there are other options to also consider....
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Here is the clip that looks at margins....
It considers the link between profit margins and cash flow:...
For more detailed information about cash flow please see our guide....
http://www.fundinvoice.co.uk/blog/cash-flow/post/video-about-improving-liquidity-by-increasing-margins.html - Why Do Profitable Businesses Sometimes Have Cash Flow Problems?
Why do profitable businesses sometimes have cash flow problems? The answer, is because profitability and good cash flow are not the same thing. Whilst it is more likely that your cash flow will be...
The reason that profitable businesses can still have cash flow problems is to do with how quickly their customers pay, versus how quickly they have to pay their creditors. A cash flow problem occurs...
If you are selling products or services at a profit i.e. more than the cost of producing the products or delivering the services, you can still find yourself having to pay for the supplies, staff...
You can make a profitable sale e.g. selling at £1,000 something that cost £500 to supply. At the point of sale you have had to pay out the £500 production cost, and yet you only...
It can also be created by temporary changes in the balance between cash flowing into, and out of your business. For example, if you have seasonal surges in sales volumes. This can drain your cash...
For a detailed explanation see our article: Cash Flow Versus Profit....
You can find another worked example of the difference between cash flow and profitability in our article: explaining the differences....
There are a number of steps that you can take to try and improve your company's cash flow. These are explained in this short article and video: Improving Company Cash Flow. They include...
http://www.fundinvoice.co.uk/blog/cash-flow/post/why-do-profitable-businesses-have-cash-flow-problems.html - Video Can Offering Early Payment Discounts Improve Cash Flow
Can offering early payment discounts help you improve the cash flow of your company?...
We look at how that might work in the short video clip below....
This video explains how discounts might help....
Watch this short clip:...
If you are looking for more ways to improve your cash flow and liquidity please see our Cash Flow guidance publication....
http://www.fundinvoice.co.uk/blog/collections/post/video-can-offering-a-discount-for-early-payments-improve-cash-flow.html - 5 Secrets About Getting Construction Finance
The construction sector has been notoriously difficult to finance due to the many issues that tend to come as part and parcel of working within the sector. These are problems such as stage payments,...
There are a number of financiers who are specialists in funding the construction sector, but there are still many misunderstandings about the various nuances of finance that are available. There are...
Below we have shared 5 secrets about getting construction finance:...
http://www.fundinvoice.co.uk/blog/construction-finance/post/5-secrets-about-getting-construction-finance.html - 64% Of Construction Sector Businesses Would Benefit From Funding Against Uncertified Applications For Payment
Just noticed that I hadn't published this interesting result from our #constructionfinance research survey. 64% of Construction sector businesses say that they would benefit from receiving...
This type of construction finance is not available from many funders but it is interesting that such a large percentage of construction companies generally think it would be beneficial. This would...
Funding for construction sector businesses is available against applications for payment (even if they are uncertified or not yet approved) or just straight invoices on credit terms....
http://www.fundinvoice.co.uk/blog/construction-finance/post/64-of-construction-sector-businesses-would-benefit-from-funding-against-uncertified-applications-for-payment-2.html - Alternative Finance For Construction Projects For Construction Companies
We had an interesting meeting with a provider over the last few days who have moved into finance for construction projects in addition to mainstream invoice finance deals. They will provide funding...
http://www.fundinvoice.co.uk/blog/construction-finance/post/alternative-finance-construction-projects-construction-companies.html - Applications For Payment AFP In The Construction Industry
Applications for payment (AFPs) are commonly used in the construction industry as an alternative to raising sales invoices. This post explains everything you need to know about using an application...
You can get financing against AFPs called Construction Finance (it can also be provided against traditional sales invoices in the construction sector)....
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NOTE: The following information is provided for interest only and is not intended to constitute legal or accountancy advice. You should seek that advice from your solicitor and accountants....
This is how an application for payment works....
An application for payment is a formal request submitted by a contractor to a client or project owner, seeking payment for work completed or materials supplied. It typically includes details such as...
Note that applications for payment may also be used in other sectors that are not core construction, e.g., fabrication. Finance can be similarly raised against these....
Applications for payment help with the financial management of construction projects. Here are some key reasons why they are important:...
To ensure a payment application is effective, it should include the following components which need to be checked against the underlying contract to ensure all aspects are included:...
To streamline the process and ensure timely payments, construction companies should follow these best practices:...
Submit AFPs promptly and in accordance with the agreed-upon schedule (normally set out in the original contract). Delayed submissions can disrupt cash flow and lead to disputes....
Ensure all information is accurate and detailed. Incomplete or inaccurate applications can cause delays and disputes....
Leverage technology to automate and streamline the application process. Software solutions can help generate detailed applications quickly and track their status - such software may also keep track...
Maintain clear and open communication with clients. Discuss any discrepancies or issues promptly to avoid misunderstandings....
Regularly follow up on submitted applications to ensure they are processed and paid on time. A proactive approach can help in resolving any issues promptly....
Despite the importance of payment applications, construction companies often face challenges in this process. Some common challenges include:...
To overcome these challenges, construction companies should:...
Here is a step-by-step guide to help construction companies create effective applications for payment:...
Before creating a payment application, review the contract thoroughly to understand the payment terms, schedule, and requirements. This will help in ensuring compliance with contractual obligations...
Accurately track the progress of the work completed. This can be done using project management software or manual tracking methods. Ensure that all work is documented with photographs, timesheets,...
Using the tracked information, prepare the application for payment. Include all necessary components such as project details, contractor and client information, invoice number, description of work,...
Submit the application for payment to the client according to the agreed schedule. Ensure that it is sent through the preferred method, whether electronic or hard copy....
After submission, follow up with the client to confirm receipt and address any questions or concerns they may have. Regular follow-ups can help in ensuring timely processing and payment....
Once an application is approved to be paid, it becomes "certified". Prior to that approval, it is considered "uncertified". Some funders will provided finance even if apps are uncertified,...
Technology can help manage the application for the payment process. Here are some ways technology can help:...
The timeframe for processing an application for payment can vary depending on the contract terms and the client's internal processes. Typically, it can take anywhere from a few days to weeks or...
Disputes can be resolved through clear communication, detailed documentation, and, if necessary, mediation or legal action. It's crucial to address any issues promptly to avoid prolonged delays...
Many clients accept electronic applications for payment, especially with the growing use of digital tools in the construction industry. It's advisable to confirm the preferred method with the...
If a payment is delayed, follow up with the client to understand the reason for the delay. Maintain detailed records of all communications and, if necessary, refer to the contract terms to enforce...
http://www.fundinvoice.co.uk/blog/construction-finance/post/applications-for-payment-afp-construction-sector.html - Bad Debt Protection For A Construction Business
The focus on bad debts within the construction sector, and protection against your business suffering from large companies failing has been brought into sharp focus with the recent failure of...
Many companies within the sector now seem to be more concerned with how to secure their company against the effects of another large customer collapsing in the future - with a fear that another large...
The simplest way of protecting your company is to ensure that you have a wide spread of customers, with no concentrations into a single customer. However, the ideal spread of customers is often not...
Therefore, protecting against the devastating effect of those customers failing is paramount to business survival, and the risk of those customers failing is a huge contingent risk on the business....
One of our funding panel, Pulse Cashflow Finance, that work with construction sector businesses were very quick to publicise the fact that none of their customers were affected by the Carillion...
Many of the funders that work with the construction sector offer similar services.The way that bad debt protection (also called non recourse) works is that the funder sets customer credit limits for...
The best way of protecting your company against a future loss is to look into the bad debt protection option before it happens - you could reap huge benefits in the future, not to mention the peace...
FIND OUT HOW CHEAPLY YOU COULD GET BAD DEBT PROTECTION...
http://www.fundinvoice.co.uk/blog/construction-finance/post/bad-debt-protection-construction-business.html - The Benefits Of Construction Finance
If you are a contractor or sub-contractor, providing services to a main contractor within the construction sector, you may have experienced the ongoing cash flow pressures that can come from projects...
Additionally, you can have the normal ongoing, day-to-day business costs to meet during the delivery phase of a large project. We often help companies that would otherwise have to turn down a large...
Construction finance is an ongoing source of funding, throughout the various stages of a contract, including payment applications, before certification....
It can be particularly helpful if your company is missing out on work because of a lack of funds, or if you have had to turn away large contracts because you cannot fund the costs associated with...
There are a number of benefits of construction finance, which are as follows:...
http://www.fundinvoice.co.uk/blog/construction-finance/post/benefits-of-construction-finance.html - Bibby Have Offered Additional Support To Companies Hit By The Carillion Collapse
Bibby Financial Services, who offer specialist funding to the construction sector (in addition to funding other sectors), are offering a number of measures to support companies hit by the collapse of...
The package of measures from Bibby, for companies within the sector, includes:...
The need for this kind of protection has been made all the more obvious in the light of the impact of the Carillion failure. You can take action now to ensure that you don’t suffer the effects...
If you operate in the construction sector, and you would like to see what Bibby can do for you please use our Bibby Financial Services - Construction Finance enquiry form....
You may also be interested to see my previous blog posts about help for contractors affected by the collapse and how clients of Pulse Cashflow Finance have avoided any impact from the collapse....
http://www.fundinvoice.co.uk/blog/construction-finance/post/bibby-construction-finance-carillion-support.html - Bibby Subcontractor Survey Highlights Late Payments And Bad Debts
The 2018 Bibby Financial Services subcontractor survey highlighted several construction sector issues including late payments and bad debts in the construction sector....
The report suggests that following the collapse of Carillion, 47% of construction sector subcontractors are now wary of dealing with large main contractors, for fear of a similar situation arising....
There is some reason to take such a view as the report suggests that 53% of subcontractors have written off a bad debt during the last 12 months.The report also highlighted some concerns regarding...
Even where bad debt is not suffered, there are significant payment delays being experienced within the sector.The average number of payment days for subcontractors rose to 44 days in 2018, up from 42...
http://www.fundinvoice.co.uk/blog/construction-finance/post/bibby-subcontractor-survey-2018-construction-payment-delays-bad-debt.html - Carillion Liquidation Help For Contractors
With the liquidation of Carillion many contractors that supplied the countries 2nd largest construction company will be looking to understand what help they can access as a result of the money that...
The good news is that many companies have pledged support. Some of the major banks have offered up support funds, many alternative finance companies have promoted their ability to support those...
The construction company Carillion PLC, who build roads and railways and provide services to schools, hospitals and prisons went into liquidation on Monday 15th January 2018. Liquidation is a process...
This has left their 20,000 staff and numerous sub contractors wondering, what happens now?...
Well according to the BBC, on Monday the Government said that they would step in and pay it's employees and small businesses that were working on Carillion's public contracts, in order to...
However, no such support is currently being promised to the large number of small businesses that provided services in respect of Carillion's private contracts. The FSB apparently raised...
So what can small companies that supply Carillion do?...
http://www.fundinvoice.co.uk/blog/construction-finance/post/carillion-liquidation-help-for-contractors.html - Construction Equipment Sales Index Shows Continued Growth
Another positive report today showed growth in the number of sales of construction and earthmoving machines during Q2 2018. According to a report from theconstructionindex, the second half of 2018...
The first half of this year showed 5% growth against the same period in 2017. Although value is not reported, sales of crawler excavators (over 10 tonnes) showed the strongest growth, followed by...
Some positive news for the construction sector that supports confidence in future growth for the sector. We have seen some recent enquiries for funding connected to the construction sector so our own...
Indeed in a recent meeting with one of our funding partners, they confirmed that they are now able to fund construction sector debt, which will deliver further choice to our customers. There are a...
This type of funding against either unpaid sales invoices or applications for payment (either certified or uncertified which are used by approximately three-quarters of companies in the sector) means...
In addition to funding against sales transactions for working capital purposes, there are also plenty of options to finance the purchase of plant and machinery through options such as leasing or hire...
Please contact Sean on 03330 113622 if you need help funding construction sector invoices, or applications for payment, or finance to purchase machinery or plant. ...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-equipment-sales-index-shows-continued-growth.html - Construction Factoring Information
Slow-paying customers are common within the construction sector. Their unpaid accounts payable can tie up a lot of your working capital....
If you need more funding to take on new projects, or you have been turned down for construction finance by a bank or you have contracts that you can't fulfil, construction factoring could be the...
GET A PRICE QUOTE NOW...
The product delivers three core elements of service by factoring construction invoices you can receive:...
The prepayments free up cash from your outstanding accounts receivable (these are your invoices or applications for payment raised to your customers), you can stop waiting to get paid, you get a...
There is no limit to the level of funding that can be released in this way, it grows as your turnover grows with an increase in construction sales. The more sales you make, the more receivables you...
Contractual debts and stage payments (or progress billing) can all be funded....
If you don't like the idea of funding all your invoices (whole turnover), there are selective factoring (also called Spot Factoring) services that allow you to pick and choose the transactions...
Even if you have been declined or turned down by a bank for construction finance, you are still likely to be able to qualify for construction factoring. There is no requirement for collateral to...
The product can include credit control and ledger management which frees up your time to focus on running your business, instead of chasing people for payments....
To discuss your funding requirements and to understand the costs, please call Sean on 03330 113622....
Read case studies and more about Construction Factoring. ...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-factoring.html - Construction Finance Against Applications For Payment
Many construction sector businesses do not raise invoices for payment, rather they present an application for payment. This can be an issue for many invoice finance companies as can the contractual...
There are now a number of finance houses that handle construction sector businesses, with funding provided against applications for payment, including uncertified applications: Construction finance....
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-finance-against-applications-for-payment.html - Construction Finance Growing Number Of Funders Available
One of the sectors receiving growing levels of funding from the invoice finance sector is the construction sector. A growing number of invoice finance companies have extended their product ranges to...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-finance-growing-number-of-funders-available.html - Construction Finance For A New Startup Company
Recently FundInvoice has added a lot of help and information for construction sector businesses that are looking to raise finance. We have just been able to help a new startup company, which is...
The company operates as a sub-contractor, providing electrical and mechanical engineering services to the main contractor of various building projects . The jobs are often governed by JCT contracts...
Although many subcontractors within this sector raise applications for payment, rather than invoices (both can be funded), in this case the new startup company was going to be able to raise invoices,...
We understand this sector, you will see that we have conducted market research within it. So we have been able to introduce this client to specialist funders, and they are in the process of providing...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-finance-new-startup-business.html - Construction Finance Updated
I have just updated the Construction Finance section of our main site to include case studies, articles and news stories. We will shortly be adding some more examples of costings: Construction...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-finance-updated.html - Construction Financing For Contractors
We are trying to raise awareness of construction financing for contractors which is a little-known form of finance available to UK subcontractors in the construction sector. Any help you can give us...
We researched the need for this type of gap funding. In three-quarters of sub-contractors that we polled that raised applications for payments, 85% of them said they would benefit from being paid...
So there is a very clear need for construction financing for contractors, however, there are very few companies that provide this kind of specialist financing. You have to know which finance...
Many contractors are unaware that their own financial position is of little importance when applying for this kind of finance. The criteria are based on the strength of the end customer, the main...
The funder will also want to take a look at the contracts that govern the project, to set a level of advance against your applications, or invoices, that reflects how collectable the debt is likely...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-financing-for-contractors.html - Construction Invoice Finance
Customer payment delays can be an issue to any business, but those in the construction sector often have to offer customers credit terms and can additionally experience extended periods of delay...
You can use Construction Invoice Finance to bridge that cash flow gap....
GET A CONSTRUCTION INVOICE FINANCE QUOTE...
The service called "construction invoice finance" is a form of funding for companies that bridges the gap between raising your invoices (or producing applications for payment) and receiving the cash...
This construction finance avoids the need for you to wait around for payment and you can use these funds for any purpose....
Also, you don't have to commit to an ongoing funding arrangement. There are selective facilities that allow you to pick and choose which transactions to have funded. Alternatively, if you want...
It doesn't matter if you don't raise sales invoices, it is very common to raise "applications for payment" in the construction sector. Whilst many invoice finance companies will not accept...
For more information about how construction finance works, who is eligible and how the costs work, please see our product page: Construction Sector Finance....
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-invoice-finance.html - Late Payments Expected In The Construction Sector
Construction companies are bracing themselves for a wave of late payments, as a result of the uncertainty around Brexit and the UK economy....
Our recent late payment study found that the construction sector was one of the industry segments expecting to be worst hit as a result of Brexit (Britain leaving the European Union in March 2019)....
Amongst the construction companies that we interviewed, over 96% of them said that they expected late payments to increase, as a result of Brexit. The remaining c. 4% said that they expected no...
Delays in getting paid are already widespread within the sector. It is common practice for some larger companies to delay paying smaller sub-contractors, and the prospect of that situation...
Only recently we put together some advice for construction companies, help getting paid. Our advice sets out 7 steps to improve your chances of being paid on time....
Our previous research suggests that the majority of firms in the sector use "applications for payment" rather than sales invoices to request customer payments for work. This, combined with the highly...
If you want to know how this kind of funding could benefit the cash flow of your business please see the additional construction finance help on our site, and we would be happy to discuss the price...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-late-payments.html - Average Payment Days In The Construction Sector.
Payment days in the construction sector are averaging between 75 and 90 days, according to a report in Commercial Risk, accredited to Atradius - the credit insurer....
The construction sector is well known for payment delays so it may come as no shock that the average payment days in the sector are between 75 and 90 - that's almost 3-month delays at the top...
The article, quoting that research by Atradius goes on to say that Atradius expect 2019 to be another challenge for the construction sector as payment delays and insolvencies combine to create a...
We have lots of guidance about getting paid promptly, on this site. However, the problem of late payments is widespread within construction, and an alternative solution may be required....
Construction finance (also called invoice finance or funding against applications for payment) is a possible solution that will allow customers to bridge the cash flow gap between requesting payment...
GET A CONSTRUCTION FINANCE QUOTE...
According to our research, the majority of construction sector companies raise "applications for payment" rather than sales invoices, and these funders are able to finance against applications, as...
Whilst this type of facility does not solve the late payment problem, it does mitigate the impact, and smooth the cash flow of the subcontractor that can be waiting long periods to get paid....
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-sector-average-payment-days.html - Funding Available As The Construction Sector Downturn Eases
New figures from Reuters (03/12/19) suggest that the downturn in the construction sector has eased in the last month, despite not returning to growth. Funding remains available to assist companies...
GET CONSTRUCTION FINANCE...
Reuters report that the IHS Markit/CIPS UK Construction Purchasing Managers' Index (PMI) rose to 45.3 from 44.2 in October to reach a 4 month high, which was above all forecasts....
Whilst the index remains below the 50 threshold for growth, and with all three sub-sectors - housebuilding, commercial and civil engineering in decline, the news is a welcome boost for the sector....
Uncertainty over Brexit and the forthcoming general election are thought to be contributing to the situation, as companies put off decisions to invest and expand - whilst awaiting the outcomes of...
Despite the sector's recent downturn in performance, construction sector funding remains available to businesses that are experiencing growth (and need to fund that expansion) or those that are...
Construction sector funding is specialised finance that can be provided against unpaid sales invoices, or applications for payments against building sector projects. Whilst traditional invoice...
Where companies are rapidly expanding, receivables finance can allow them to fund that growth as it does not suffer from the same restrictions as traditional bank finance, such as loans and...
Similarly, when companies are experiencing a downturn, and customers are not paying quickly enough to enable them to meet their liabilities, it can provide survival funding. Receivables funding can...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-sector-downturn-eases-funding.html - Construction Sector Finance Against Applications For Payment
A new video explaining construction finance against applications for payment:...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-sector-finance-against-applications-for-payment.html - Construction Sector VAT Disruption Looms
I noticed a recent post from Ultimate Finance warning of the potential disruption to 150,000 businesses within the construction sector, from the VAT "reverse charge" changes that are due to come into...
The reverse charge means that many building and construction firms will no longer receive 20% VAT from their customers when they pay. Instead their customers will be obliged to pay the VAT to HMRC,...
Secondly, construction companies will not be holding the 20% buffer within their bank accounts, prior to paying their VAT bills. This could be money that they currently rely upon to make up...
I have previously written in more details about the reverse charge VAT changes and how to prepare. The good news is that there are a number of funders that specifically address the UK construction...
Putting in place funding can be quick, but in some cases it can take time - as there are a number of issues e.g. the requirement for bank waivers, the need to produce particular pieces of...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-sector-vat-disruption.html - Construction Simple From Bibby Financial Services
Bibby Financial Services have launched their new construction sector finance product called "Construction Simple"....
This product delivers specialist finance for small and medium sized construction sector companies, that want to improve their cash flow. It works by freeing up 70% of the cash that is tied up in your...
Construction Simple releases 70% of the value of those transactions, immediately, which will significantly improve your business' cash flow. That prepayment is a standard level for these...
Furthermore, there is a single fee structure (so no separate service charge or discount charge), making the charges very simple to budget for. The only other possbile charges are for additional...
This means that you have a very straightforward, predictable monthly cost that you know you can afford....
Customers benefit from having a relationship manager that specialises in the construction sector, in addition to receiving credit control support. You will also have access to quantity surveyor...
You can read more general information about how construction finance works by following the link. To dscuss your requirements with Bibby please see the contact link at the foot of this article....
The criteria to qualify for the product are as follows:...
It is worth reiterating that this product is also available to NON HOME OWNERS. Home ownership has increasingly become an issue for business people in rented accomodation, that are seeking...
If you would like to know more about this, or any other products from Bibby, please use this contact form for Bibby Financial Services - Construction to request a call back....
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-simple-bibby-financial-services.html - Solving A Single Debtor Credit Limit Issue For A Construction Company
We have just been able to help a construction sector company solve a cash flow issue by getting funding against their single debtor. We were able to find them a credit limit that was several times...
I wrote recently about our success in helping customers with funding limit problems, and this case was a similar example of how we are able to overcome these kinds of problems for clients....
In this particular case our client was not an existing user of debtor finance and they operated within the construction sector. That is the first issue, only certain debtor finance companies will...
The second issue was that they only hand one single customer. Again this will be a problem for many debtor finance companies as they prefer to have a spread of debts, to enhance their security,...
The final issue was that the particular customer was not supporting a large enough credit limit from many of the financiers that we spoke to, that were able to overcome the other two issues....
Many customers need to get finance quickly, in this particualr case, we were able to complete the whole process from first contact, to release of funds in just over a week....
If you need help getting access to finance why not discuss your circumstances with us, in complete confidence. Just call Sean on: 03330 113622....
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-single-debtor-credit-limit-issue-solved.html - Construction Sector Reports Worst Month In Over A Decade.
Construction firms, including house builders, have reportedly suffered their worst month for more than a decade. This could be causing a number of firms within the sector to seek funding support....
An article in the Guardian (2nd of July 2019) reports that the IHS Markit/CIPs Construction Purchasing Managers index fell to 43.1, the lowest since April 2009. A figure Below 50 apparently shows the...
Firms are apparently blaming the Brexit crisis for a lack of new work. There does seem to be a widespread feeling of uncertainty over how these negotiations will resolve....
Interestingly, construction companies are reportedly retaining staff as they await a conclusion to the Brexit talks, perhaps anticipating a boom post Brexit (in whatever form it finally takes)....
The lack of new work, combined with this approach of retaining staff in preparation to the future, is no doubt causing cash flow pressures for a number of construction sector businesses. We have...
There are funding sources available that specialise in financing construction sector projects. Receivables can be unlocked using this type of funding, and the proceeds can be used to finance costs...
If you need help in the run up to our exit from the EU, speak to Sean on: 03330 113622 about how he can help you unlock the proceeds of sale that are currently tied up in your unpaid sales...
http://www.fundinvoice.co.uk/blog/construction-finance/post/construction-worst-month-in-decade.html - Deal Completed Construction Finance For A Group Of Companies
We were recently able to assist a large group of construction sector companies that were finding their existing bank overdraft restrictive and they needed greater levels of working capital in order...
We found them a construction finance facility that was able to release a further £250,000 of funding for the group in order to fund their growth plans....
More construction finance deals to follow . . ....
http://www.fundinvoice.co.uk/blog/construction-finance/post/deal-completed-construction-finance-for-a-group-of-companies.html - Demand For Construction Sector Labour Falls As Costs Rise
An #construction sector article by the London School of Business quotes KPMG and Markit research as showing the lowest demand for workers in the construction sector since May 2015. The article also...
Slow payments still plague the construction sector, and our research shows that 85% of construction businesses say they would benefit from getting paid immediately instead of waiting for applications...
http://www.fundinvoice.co.uk/blog/construction-finance/post/demand-for-construction-sector-labour-falls-costs-rise.html - Facilities Management Company In Scotland Receives Exemplary Invoice Finance Broker Service
We just received a great compliment from one of our prospective customers, a facilities management company based in Scotland. It always gives us a boost when we get positive feedback from clients....
This is what they said about our invoice finance broker service, even before they had proceeded with the facility:...
"Thanks so much for your help. If we don't do business on this product then I'll be sure to come back to you for future products as your service is exemplary"....
It reflects the fact that we deliver a good quality, personal service at all stages of the process, a factor that has helped us get to the finals of the Business Moneyfacts awards for the last 6...
The comment was made by a Director of a facilities management company based in Scotland. Only a few invoice finance companies can deal with Scottish registered companies, so it is a niche where an...
Facilities management is also a sector that not all funders may be able to support, as it can include:...
Whilst not all funders may be able to assist, there are specialists that can provide funding to the construction sector and related trades. We have recently published a guide to construction finance....
For support please call Sean on: 03330 113622....
When a customer contacts us, they will speak to one of our partners - both of which have over 30 years experience within the sector. We are available to speak to customers even if they just need a...
http://www.fundinvoice.co.uk/blog/construction-finance/post/exemplary-invoice-finance-broker-service-facilities-management-scotland.html - Factoring For Decorating New Build Houses
It is quite common for us to come across businesses that don't understand the business financing options that may be available to them....
This was the case recently with a company that provide decorating for new build houses and homes, supplying customers in the construction sector. They didn't realise that factoring was possible...
We were able to arrange a recourse factoring facility, with a small independent factoring company, that are able to offer them a first class service in terms of providing credit control (to chase up...
Their new facility will also offer them prepayments against their sales, which means that they are still receiving the majority of the value of their sales immediately, although they are now able to...
In this way, factoring is expected to help them grow their business turnover, by enabling them to offer credit terms to customers, while still enjoying the benefits of receiving cash against those...
Businesses that are unable to offer credit terms to customers often compare poorly when a customer has access to a range of suppliers, and others are prepared to give them a credit account....
Factoring is a great option if you are looking to expand your business, as the amount of funding provided is linked directly to the amount of sales that you make. This means that the finance grows in...
http://www.fundinvoice.co.uk/blog/construction-finance/post/factoring-decorating-new-build-homes.html - Finance For Construction Company In CVA
Finance for a construction company that's in CVA (creditor's voluntary arrangement)? Most financiers would say "no thank you" but we have partners that can help....
It's common when a company has financial problems, or a poor credit history, to just assume that you won't be able to raise any finance from anywhere. Everything these days seems to revolve...
Thankfully there are finance companies that can help a company that doesn't have a clean record. Finance can still be available even if you have a CCJ (County Court Judgements) or an arrangement...
A CVA or creditors voluntary arrangement, is a form of insolvency procedure that allows a company with debt problems to reach an agreement with its creditors, to repay all or part of its debts over...
I have mentioned many times the issues with funding the construction sector, there are only a few providers that are prepared to tackle the sector. However, there are even fewer that will consider a...
If you are in a difficult situation, and you think that you can't raise any finance for your business because of a bad credit history, give us a try and see if we can help. Even if you are...
http://www.fundinvoice.co.uk/blog/construction-finance/post/finance-construction-company-in-cva-creditors-voluntary-arrangement.html - Factoring For Gangs Of Workers For Structural Steel Engineering
Fortunately, we were able to assist a UK company that was in the recruitment sector, supplying gangs of workers to the construction sector. They needed non-recourse factoring to fund a major contract...
Our client was expecting to be turning over several million pounds each year providing temporary staff on a timesheet basis. This means that timesheets are signed off by the buyer after the gangs of...
Our client had not been long established and had managed to land this major contract with a large structural engineering company. This presented them with the challenge of financing that major...
Structural steel engineering is the provision of the "skeleton" upon which many buildings and other constructions are built. The fabrication of a steel framework can give the building integrity as it...
To address the credit gap issue, non-recourse factoring was the solution that we found for them. This was provided by a large well-known factoring company that has won awards for their customer...
In addition, the non-recourse element of the facility provides protection against bad debt, should their customer fail. This can be very important when a company is dealing with a single large...
http://www.fundinvoice.co.uk/blog/construction-finance/post/funding-gangs-of-workers-structural-steel-engineering.html - Funding Both Invoices And Applications For Payment In Construction
Within the construction sector for both invoices and applications for payment are billing methodologies that are commonly used - hence suppliers can require funding against both....
We have conducted research that has suggested that approximately 75% of construction sector businesses use applications for payment, with 25% raising standard credit invoices. It is not necessarily...
There are some businesses that are operating both systems, often for different debtors, or for different projects. This can present a funding issue if the construction sector company is using a...
We came across this recently with a prospect that was using a relatively new invoice funding company. The funder were only financing the credit invoices raised by the company. Any applications were...
We introduced them to an alternative invoice funder that was able to fund against both the credit invoices and the applications. This had the effect of releasing additional finance for the business -...
If your invoice finance company aren't able to fund both your sales invoices and apps, please contact Sean on 03330 113622, and he will introduce you to an alternative funder that can finance...
http://www.fundinvoice.co.uk/blog/construction-finance/post/funding-invoices-and-applications-for-payment-construction.html - Help Understanding Construction Contracts
IMPORTANT NOTE: Nothing in this post should be considered legal advice, it is just our thoughts on steps to help get paid if you operate in the construction sector....
There are a number of financiers that handle the construction sector and will be able to provide you with finance against applications for payment. The sector is widely subject to contractual terms,...
However, often contracts are signed without the subcontractor really understanding their obligations, and this can lead to non-payment, payment delays or an inability to raise finance against your...
Below are 7 simple steps to help make sure that you get paid, if you work within the construction sector:...
Make sure you get a copy of the contract, and any referenced documentation, read it and take legal advice or advice from a Quantity Surveyor (QS) if necessary....
You may be subject to terms in the main contractor's contract that will affect whether or not you get paid. You need to understand exactly what your obligations are, and be sure that you can...
Often people sign contracts without reading the small print....
Often standard contracts are used, and these can place numerous standard requirements on your business - you can ask for the terms to be amended or certain clauses to be removed. This may be a...
You may be required to hold such insurance as a contractual condition. Failure to maintain the insurance could place you in breach of the contract and could be used to avoid paying you....
Being asked to supply more than the contract value may seem like a great windfall, and it may well be - but you have to get paid for doing the extra work. To make sure you get paid for the additional...
With construction finance, the VAT element of an invoice can be funded. However, if you raise applications for payment you cannot include the VAT element in the eligible debt against which to raise...
Check how much is going to be retained and over what period. Typically 2.5% to 5%, of the contract value, can be held back to cover snagging (resolution of "snags" or problems with a job. Part of...
These are financial measures that may be included to ensure that you meet your obligations. Liquidated damages are fees for non-performance, and warranties and bonds can enable sums to be held by the...
IMPORTANT NOTE: These are just some helpful pointers and nothing in this post should constitute legal advice, you should seek specialist legal advice before entering into any contract....
Related post: The Pitfalls Of Construction Contracts...
http://www.fundinvoice.co.uk/blog/construction-finance/post/help-understanding-construction-contracts.html - How Construction Companies Can Prepare For The Delayed Reverse Charge VAT Change
Many construction sector companies have breathed a sigh of relief as a one year delay was announced to the Reverse Charge VAT implementation (TheConstructionIndex 09/09/19), however that additional...
The plan was to implement this change on 1st October 2019, however lobbying from the construction industry has resulted in the Government agreeing to delay the change until 1st October 2020....
In essence the change means that for construction services, rather than collecting and holding back the VAT element of your sales invoices, which you then pass on to HMRC, your customers will pay the...
Whilst the change has been delayed, HMRC remain committed to its implementation. Therefore, companies in the construction sector have a narrowing window in which to prepare....
The accounting changes are something that you may need to consult your accountant about. It will probably require amendments to your accounting system in order to accommodate the change. You should...
One of the biggest impacts is to the cash flow of a company that doesn't separate their VAT receipts from their net income. In these cases the company may be using the money that should be...
When a company is holding say 3 months worth of VAT receipts (assuming quarterly VAT payments rather than monthly), this could be equivalent to 20% of their net sales for the quarter, a significant...
Typically, a company will have one month and 7 calendar days (from the end of the VAT quarter) before they have to pay over the quarter's VAT receipts (less any input VAT that is offset), to...
In the example above, the additional month's sales, plus VAT, could be £120K - that is then being used to help pay the prior VAT bill, or to pay other expenses. This will not be possible...
This could create the need for an alternative cash flow buffer, which could be provided by receivables finance. This is a funding service provided to the construction sector. It allows suppliers to...
This accelerates your cash flow, boosting the working capital that you have available. To see if you qualify for this type of funding please speak to Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/construction-finance/post/how-to-prepare-for-construction-reverse-charge-vat-change.html - Invoice Finance For Scaffolding
We have recently been looking to assist a scaffolding company that were looking for invoice finance. This type of finance will release cash from their sales invoices as soon as they raise them,...
REQUEST A BUSINESS FINANCE QUOTE...
One of the issues that has become apparent is that some invoice finance companies consider scaffolding part of the construction sector (and fund it under their construction finance product), and some...
The invoice finance companies that consider it construction sector debt will offer a lower prepayment. They limit the prepayment percentage (as they do for other construction sector businesses) at a...
One of the key considerations of invoice financiers when funding scaffolding invoices is whether or not the company owns the scaffolding equipment. This would be the scaffold tubes (poles), scaffold...
Ownership of the equipment is not necessarily a prerequisite to receive funding, but non-ownership may result in a lower prepayment percentage, and certain funders may not wish to finance your...
We can help you with introductions to funders that can help....
In addition to prepayments against invoices, we can help you find finance to buy scaffolding equipment. The finance could be in the form of a simple business loan (or a loan in addition to an invoice...
For help please call Sean on 03330 113622 to discuss invoice finance and/or equipment finance for the scaffolding sector....
http://www.fundinvoice.co.uk/blog/construction-finance/post/invoice-finance-for-scaffolding.html - Finance Against JCT Contracts
At a meeting with one of our construction finance partners recently, they spoke of their ability to provide finance against JCT contracts (the Joint Contracts Tribunal produce standard forms of...
Anything contractual was a "no-no" back then, and the construction sector was considered an area where invoice financiers feared to venture. The issue with the sector was always the potential for the...
Not so now, everything has changed, with a number of providers actively moving into financing construction companies and setting themselves up as specialists within the sector. They use Quantity...
Funding levels are often used to control the risk in such situations. Normally the maximum prepayment level will be 70%, which is low when you consider some, more straightforward sectors, such as...
The strength of our industry has always been its ability to look at a book debt in detail and value that is receivable, overcoming any potential issues, to fund wherever possible. So I suppose it is...
http://www.fundinvoice.co.uk/blog/construction-finance/post/jct-contract-finance-construction.html - Liquidation Of An Electrical Contractor & How To Avoid Similar Problems
An article popped up in my newsfeed about the liquidation of a Hull based electrical contractor that had been long established - it's always sad to hear of a long standing businesses failing. A...
The article said that they had an 80% turnover reliance on a single contract. Obviously this is not an ideal situation, that type of reliance exposes your company to anything that affects your prime...
Anyway, the article went on to say that a pricing error, affecting their prime debtor, caused them cash flow problems that led to their liquidation. This demonstrates very clearly the issue or...
The cash flow problems may have been helped with construction sector finance. It was not clear if the company had received this. They had granted a charge to a high street bank relatively recently,...
So all in all a sad story of a construction sector business failing. Particularly with an anticipated shortfall to creditors of nearly £400K, according to the statement of affairs filed at...
http://www.fundinvoice.co.uk/blog/construction-finance/post/liquidation-hull-based-contractor.html - New Article About Construction Project Finance As An Alternative To Bank Loans & Overdrafts
I have just published a new article on the FundInvoice site about Construction Project Finance as an alternative to using bank loans and bank overdrafts to finance construction sector projects. You...
This type of finance is very specialist and there are a limited number of construction finance companies that offer such facilities. However it can be a much more flexible form of finance than using...
http://www.fundinvoice.co.uk/blog/construction-finance/post/new-article-about-construction-project-finance-as-an-alternative-to-bank-loans-overdrafts.html - New Trade Finance & Construction Finance Pages Added
I have added new pages to the blog, one about Trade Finance and one for Construction Finance - two of the niche commercial finance products that we can help businesses find....
Trade Finance - is finance for importers who are importing shipments of goods into the country: Trade Finance...
Construction Finance - is sector specific finance for construction sector businesses: Construction Finance...
http://www.fundinvoice.co.uk/blog/construction-finance/post/new-trade-finance-construction-finance-pages-added.html - The Pitfalls Of Construction Contracts
Further to my recent post "Understanding Construction Contracts" I have been reading an interesting piece of research, from Bibby Financial Services, that reveals just how much of a problem a...
There were a number of pitfalls of construction contracts that were identified in the survey....
In addition to affecting your ability to get paid, contractual problems can also stop you from being able to raise finance against projects....
These were some of the issues: ...
Almost 1 in 5 (19%) said that they don't thoroughly check contracts before they sign them. My other article highlighted the potential for clauses that might cause you not to be paid, or not be...
38% said that they thought that construction sector contracts were too complex, and hence difficult, to understand. If this is the case, you should seek legal advice, or the help of a Quantity...
My other article highlighted penalty clauses - such as liquidated damages, collateral warranties & bonds, as an issue for subcontractors. Penalty clauses set out the financial consequences,...
My other article advocated negotiating the removal of specific clauses, however, the survey found that only 42% felt that they were able to influence the terms of the contracts that they entered...
Financiers such as Bibby Financial Services can help you raise money for construction sector work. Please use this form to request a construction finance quote from Bibby Financial Services....
Alternatively, contact FundInvoice or call Sean on 03330 113622, and we can put you in touch with other financiers who specialise in the construction sector....
Source: Bibby Financial Services - Subcontracting Growth Survey between 21/09/16 and 06/10/16. 250+ respondents from the UK across different sub-contracting trades. Participants had an average...
Trades included: General building, electrical, plastering, dry lining, rendering, plumbing & heating, engineering, painting & decorating, groundworks, roofing, window fitting, joining,...
http://www.fundinvoice.co.uk/blog/construction-finance/post/pitfalls-of-construction-contracts.html - Price Of Construction Finance Against Applications For Payment
An example of the pricing for a #construction finance deal has been added to the #FundInvoice site. Pricing will vary depending upon your particular circumstances but it gives you an example of the...
http://www.fundinvoice.co.uk/blog/construction-finance/post/price-of-construction-finance-against-applications-for-payment.html - The Reasons For Non-Payment In The Construction Sector
A recent study by Bibby Financial Services identified the reasons for non-payment in the construction sector....
On average the survey found that amongst the construction firms surveyed, they wrote off nearly £51K, over the last 3 years, where customers either failed or were unwilling to pay....
Of the 250+ construction subcontractors that were interviewed, 27% said that "late payment" was the biggest threat, facing their business, over the next year. ...
The study went on to confirm that they had every right to be worried about late payment. It found that the average wait to get paid was 42 days, with 37% of respondents waiting 29 days+ to be paid....
Even more worrying was that, on average, these subcontractors had written off almost £51K of bad debts, over the previous 3 years, almost 70% more than the value from Bibby's 2014...
The top 3 reasons for not receiving the full amount from a contract, were as follows:...
The obvious observation is that in many cases, these issues could have been avoided....
Clarifying the brief up front, perhaps consulting with a QS if required, may have averted some of these problems. The sector tends to be highly contractual, but many subcontractors don't feel...
Again, getting changes agreed in writing may run counter to the culture within the sector, but it could help a subcontractor avoid these significant bad debts as described above. Additional work that...
You may think that there is nothing that can be done about this but that is not the case. Bad debt protection (non-recourse) can protect your business against the insolvency of customers....
If you find that a customer is having cash flow problems, you could suggest construction finance to them as a way of releasing cash from unpaid debts and improving their working capital position....
Lastly, our free guide to managing your own credit control may help you establish a robust chasing process, and to overcome late payment excuses....
If you need specialist finance for the construction sector, or help protecting against bad debts, please get in touch or call Sean on 03330 113622....
Source: Bibby Financial Services - Subcontracting Growth Survey between 21/09/16 and 06/10/16. 250+ respondents from the UK across different sub-contracting trades....
http://www.fundinvoice.co.uk/blog/construction-finance/post/reasons-non-payment-construction-sector.html - Receivables Finance Help For Construction Companies Rejected For Invoice Finance
Construction sector companies often don't quality or are rejected for invoice finance by the majority of the invoice finance companies. However cash flow can be an issue as debtor payment delays...
Help is available though in the form of specialist receivables finance for construction companies, which is available from a handful of specialist funders....
The reason why traditional invoice finance companies don't like building related debts is due to a number of factors. Firstly, in approximately three-quarters of cases, companies in the sector...
The contractual nature of the transactions within the sector also puts funders off. The presence of contracts can cause them to worry about there being an obligation to complete further work, before...
Lastly, traditional invoice funders often choose to avoid the sector as payment terms can be extended, ironically this is why companies in the sector are often in most need of this kind of cash flow...
The specialists that offer receivables finance for construction companies are few in number (the number is growing though), but they have expertise in dealing with the sector, so will take a...
If you have been rejected by one or more invoice discounting or factoring companies you should take a look at the alternatives that we can offer, as there are likely to be options to get the working...
We have been able to successfully help many companies within the sector. Please call Sean on 03330 113622 to discuss getting receivables financing for your company....
http://www.fundinvoice.co.uk/blog/construction-finance/post/receivables-finance-help-for-construction-companies-rejected-for-invoice-finance.html - Business Rescue Finance Information
Growth is closely linked to the use of factoring, however, this type of funding can also serve as business rescue finance if you find yourself in a difficult financial position....
It may be that fast access to a cash injection is enough to save your company and put you back on the right track....
SPEAK TO AN EXPERT...
This is because qualification for this type of funding is not primarily based on your financial position or the value of assets that you can offer as security. It is based on the value of your...
If you are facing potential insolvency, you may be able to change the shape of your cash flow by using this type of funding....
Also please see our free: Guide To Business Rescue for more business rescue finance information....
The Government's Insolvency Service reported a 14% increase in company insolvencies for the year 2023 when compared with the previous year. The main sectors contributing to this increase were:...
Some of those businesses may have been saved if they had access to factoring as business rescue finance. I would be interested to review those cases and understand how many of them we might have been...
When you get into business difficulties, maybe before you reach an insolvent position, it can be caused by a variety of factors. This could include factors such as:...
The funding from a factoring facility could improve your financial position, and even rescue your company. We also have other options, such as bad debt protection, that can protect you against a...
http://www.fundinvoice.co.uk/blog/corporate-rescue/post/business-rescue-finance.html - Corporate Rescue Alternative To Insolvency
If you are searching for help with corporate rescue you might be interested in an alternative option to raise money for a rescue, that does not involve insolvency....
WARNING: it is against the law to continue trading if you are insolvent. In such cases, you should consult an insolvency practitioner....
If your business is being overwhelmed with debt that you owe, you may have been considering options like speaking to an insolvency practitioner about various forms of insolvency such as...
Whatever the situation, there may be other alternatives to insolvency, that could rescue your company as a going concern. Avoiding insolvency is often a strong motivation in difficult situations...
In any insolvency situation, the key issue is normally a lack of cash. If you have enough money, most problems can be overcome e.g.:...
As mentioned above, it is often just a case of needing to raise enough money to get your business out of its current situation. There is a way to do that, in some cases, even if your business does...
If you have a debt ledger of outstanding sales invoices, on credit terms, to business customers, you may be able to use that as security to release enough cash to overcome your money problems. The...
The good thing about factoring is that it does not take much of your financial situation and your credit history into account. This means that if you are in financial trouble, have been in it for a...
Someone recently said to me that if you go to a bank you have one chance of getting funded, based on your company's strength. If you have 20 customers and go to a factoring company you have 20...
See also our guide to Finding Finance For A Business That Is Struggling....
Why not call us and have a conversation about the options in confidence? We won't tell anyone about your situation unless you instruct us to, and we are not going to start running credit...
We have stopped other companies from having to close down, this is a recent case study about a recruiter that avoided closing down by using our service....
You can call us on 03330 113622 and we may be able to save you from insolvency proceedings with a corporate rescue....
http://www.fundinvoice.co.uk/blog/corporate-rescue/post/corporate-rescue-alternative-to-insolvency.html - Which Invoice Finance Companies Help People With Bust Businesses
Business doesn't always go to plan, which is why you may be trying to find out which invoice finance companies help people with bust businesses. There is good news - there are options....
If you have previous business failures it may feel like the end of the line, at least as far as securing business credit goes. That is not necessarily the case. There are invoice finance companies,...
SEEK HELP NOW...
We have just been able to help one of our clients answer this question. The company in question originally contacted us over a year ago. At that time we approached a range of invoice finance and...
The business was straightforward, a recruiter supplying nurses and care staff needing funding to grow. However, the prime mover had previous bust businesses that had also used a factoring company. He...
Over a year later, they spotted an article in one of our business funding newsletters, and got back in touch. As well as proving that sending out a newsletter works, we were able to take another look...
During the year, we had added additional funders to our panel, included one company that specialise in offering factoring to difficult cases. They do this by focusing on the quality of the debt,...
We were able to arrange for this funder to put in place a recourse factoring facility that will support our client's growth aspirations. They had managed to grow over the last year, despite not...
If you have prior company failures, and you are struggling to secure a factoring arrangement for your new business, we are likely to be able to help. Please contact Sean on: 03330 113622 to discuss...
If your current business is struggling now, take a look at our turnaround guide. It may provide some useful guidance to help rescue your company. Factoring might be one part of that solution....
http://www.fundinvoice.co.uk/blog/corporate-rescue/post/which-invoice-finance-companies-help-people-with-bust-businesses.html - Notes On Analysing A Company Balance Sheet.
Analysis of a company's balance sheet allows you to understand what assets and liabilities fall within the business, and whether the business is liquid (has enough liquid assets to pay its short...
Firstly, I should say that the balance sheet will always be out of date, as the assets and liabilities can change rapidly after the balance sheet has been struck. The balance sheet is like a snapshot...
Within the balance sheet of the company, there is normally an entry titled "retained earnings" or similar. This reflects the retained profit or loss figure for the business, over time. If you are...
For example, if the retained profit and loss account has increased, it suggests that the company has made a profit over the period. If the retained profit and loss account has reduced, it suggests...
If a company were to make a substantial profit, but then the directors chose to draw out more than that year's profit in, say dividends, that could result in a reduction in the retained profit...
Considering the balance sheet, the first thing is to see if the business has an overall net worth. This would be a surplus of assets over and above its liabilities. Whilst this may be an indicator of...
Also bear in mind that the asset values can move from moment to moment as the company spends cash. So seeing a large cash balance in their year-end accounts is no guarantee that they still have that...
Returning to the net worth, I would then look further, beyond just the bottom line net worth figure, in order to understand how this has been made up....
The type of assets included within the balance sheet can give rise to either reassurance about the company's position or raise concerns. For example, one category of assets is "intangible...
On the other hand, assets such as cash, could be considered very liquid assets that would demonstrate a position of strength. There are numerous other methodologies that companies can use to increase...
Another key consideration when looking at the balance sheet of a company, is to understand how liquid the business is. The liquidity is normally calculated by taking the short-term liabilities (those...
In a business where the current liabilities substantially exceed the current assets, and a liquid trading position could lead to cash flow problems. You may want to remove stock from the equation, as...
The other factor which I often consider when looking at an individual that has a number of businesses, are the interdependencies between the businesses. For example, you can find that there are...
If you need help understanding whether or not to grant credit, or you are looking for protection against bad debts, please contact us and we will refer you to parties that can help....
also please read my notes on analysing financial accounts....
The above is not intended to be a comprehensive guide to analysing financial accounts, and I am not an accountant, but it includes some pointers based on the approach that I tend to take. If you need...
http://www.fundinvoice.co.uk/blog/credit-control/post/analysing-a-company-balance-sheet.html - Saving The Annual Salary Of A Credit Controller
According to figures published by Payscale, the average salary of a UK credit controller is now almost £21K per annum, with additional bonuses and commission averaging a further £6.5K,...
DISCUSS OUTSOURCING OR FACTORING...
At the top end of the pay scale, the basic salaries can run to £28K, a huge outlay for any organisation. In total, a single credit controller is likely to cost over £30K each year, using...
In addition to the package costs, there will also be the office overhead and the cost of the phone calls and paper-based communications with debtors. Altogether this could be a significant cost, even...
There are some options that could significantly reduce that cost. A credit control service allows you to outsource that function, and likely save a chunk of that cost in the process. Credit control...
The second option is a factoring service. In addition to the credit-control service, you will also receive free payments against your sales invoices, which can improve the cash flow of your company....
http://www.fundinvoice.co.uk/blog/credit-control/post/annual-salary-credit-controller-21000.html - 100K Average Sales Outstanding Are Not Being Chased Up
According to new research on behalf of Lloyds Bank Commercial Banking, London-based businesses are owed an average of £98,000 in outstanding customer invoices, and a third of UK businesses that...
This research was reported by Business Money (10th July 2019), and it is unbelievable to think that London businesses could have nearly £100K on their unpaid sales ledger, but are not even...
The main reasons for not chasing were reported as fear of damaging the customer relationship (hardly worth preserving for customers that don't pay!), and not having the capacity or having time...
In situations where you don't have the time to conduct the credit control yourself, there are a number of benefits to using a credit control service. These can even outweigh any costs, in some...
Firstly, the hassle factor is completely removed if someone else is doing all the invoice chasing for you. However, there are other benefits that you may not have considered. There is a huge cash...
If you need to achieve an even bigger cash flow boost, you could consider the option of discounting the unpaid invoices, so that you get the majority of their value immediately, called a prepayment,...
http://www.fundinvoice.co.uk/blog/credit-control/post/average-sales-outstanding-not-being-chased.html - Chasing Invoices Via Social Media
Having noticed an interest in chasing unpaid sales invoices via social media I thought it would be good to add something about this to our existing comprehensive credit control guide....
The first question is whether this is the right channel to use or not....
I think the truth is that if you have resorted to using social media such as Twitter, Facebook, LinkedIn or other social media platforms to chase your invoices, you have probably missed out on a key...
Whilst there may be an argument for using social media channels to make a non-specific enquiry about who to contact (assuming you don't have the contact details as above), the only other use...
I saw a couple of examples recently where a supplier published the details of a customer who had not paid them, including personal details such as their mobile phone number (a possible breach of data...
Some may put forward the Government's mandatory late payment reporting as support for this kind of action. However, this initiative is quite different, in that it calls on larger companies to...
Using social media to apply pressure to late payers may sound like a good idea, but it is discouraged according to Government advice, and we think it is unlikely to further the cause of getting you...
There could be all sorts of ramifications if you start making information about debts between you and your customers public, via social media (or any other method of publication for that matter)....
On balance, social media is best avoided as a credit control medium - it's far better to establish their relevant contact details upfront and use them to follow up, albeit with escalation to...
If you need credit control help, consider using a professional credit control agency....
http://www.fundinvoice.co.uk/blog/credit-control/post/chasing-invoices-via-social-media.html - Collect Invoices Faster As An Alternative To Borrowing
There is a huge cash flow benefit to be achieved from collecting your sales invoices faster, in a timely manner....
The quicker you get paid by your customers, the more cash and hence working capital you will have available to your business, and therefore the less you will have to source e.g. by borrowing....
If you have an outstanding sales ledger of £100,000, and a debt turn of say 60 days (the average time to pay) every day that you reduce your average debt turn, will release a further circa...
Even if you use cash flow finance facilities such as invoice finance, factoring or invoice discounting, there is still a significant benefit to ensuring that you are getting paid on time. Using the...
The majority of these kinds of cashflow finance involve a discount fee which is charged for the time that you have drawn down funding. Therefore, the quicker you collect your invoices, to repay the...
If you undertake the credit control activity yourselves, you may be interested to read our advice article about credit control functions. However, many companies outsource this activity to specialist...
If you are struggling to collect your own invoices, even with say an invoice discounting facility - where you undertake the collection activity, there are factoring options available whereby the...
http://www.fundinvoice.co.uk/blog/credit-control/post/collect-invoices-in-alternative-to-borrowing.html - Costs Of Collecting Late Payments Rising According To New Research
New research from Bacs Payment Schemes Ltd (Bacs) shows that the cost of collecting late payments, due to SMEs, has more than doubled to £6.7 billion (£2.6 billion in 2017)....
A huge 78% of SMEs are now forced to waiting 1 month or more, beyond their standard terms, to get paid by their customers. That is a huge amount of cash tied up in unpaid receivables....
40% of SMEs affected by late payments say that large businesses are the worst offenders. Whilst big companies may be of good standing, and expected to pay eventually, often slow payment processes,...
These are some potential solutions to help deal with the issues created by late customer payments....
Having good credit control procedures in place is essential to maximise the possibility of getting paid on time. Also, proper credit assessment of new prospective customers can help you avoid dealing...
See our free credit control guide for ideas about how to structure you own credit control system....
If you don't have the skills in-house to manage customer credit, you could look at outsourcing the function to a professional provider. We have successfully found external credit control...
If you are already using a service that is costing too much, we may be able to help reduce that cost by introducing you to cheaper providers....
If you are suffering cash flow problems, due to late payments from customers, receivables funding is a possible solution. It works by immediately releasing a large proportion of the value of debts...
You can put that cash to any use within your business. If you have a sales ledger of say £100,000 of unpaid invoices, you could release up to £85,000 immediately (with the balance paid as...
That funding can be provided on a standalone basis (called invoice finance or invoice discounting), or in conjunction with a credit control service (called factoring). There are also options that...
http://www.fundinvoice.co.uk/blog/credit-control/post/cost-of-collecting-late-payments-rising.html - Credit Control Agency
One of the credit control agencies that we work with has been able to provide some first-class credit control support to one of our clients, who needed help getting their unpaid invoices collected...
The agency has just told us that they have agreed to a credit control agency contract with a multi-million-pound turnover business, based in the UK, but which also has an operations centre in Europe....
Our partners have a team of credit controllers who are multi-linguistic. They were able to visit this particular client, in Europe at very short notice, to review the ledgers. They have agreed to...
Significant cost savings can be achieved by using part of the time of an external team of credit control staff, rather than having to employ a team in-house. It also avoids having an employment...
Our partners are actively looking for more large organisations who are looking to outsource their credit control function, whether in the UK, Europe or even further afield. If you would like help...
If you want to handle your own credit control we have a free credit control guide that might be helpful....
Even if you are a small business looking for some help, we have partners that will be able to provide you with a cost-effective service, to save you having to do the work yourself or having to employ...
http://www.fundinvoice.co.uk/blog/credit-control/post/credit-control-agency-europe.html - Credit Control Tips
Credit control is a key part of the services that we find for our clients, therefore I am always on the lookout for credit control tips that we can share. Recently I have seen a couple of useful...
You can also read our free guide to running your own credit control function....
Veritas shared an AAT publication - "Chasing Late Payments Without Awkwardness". A great title, with some useful advice for people that don't like the awkwardness of calling due to invoices not...
The other article was from our friends at TBOS (Total Back Office Solutions), they published a list of credit control tips including the following:...
http://www.fundinvoice.co.uk/blog/credit-control/post/credit-control-tips.html - How To Get Invoices Paid
This post explains the steps that you can take to get invoices paid....
When you offer your customers trade credit, typically you will raise a credit invoice that you send to the customer to request payment at a given future date. At that point, the customer becomes your...
In some trades, such as construction, instead of an invoice an "application for payment" is presented to the customer. Whatever method is being used, the issue that it creates is that a supplier...
This can create a cash flow pressure on the business. The key to ensuring that your customers pay your sales invoices in a timely fashion is implementing an effective credit control process. We have...
Unfortunately, if you are extending credit terms to your debtors, no matter how effective your credit control system is, you are still likely to have to wait a period of time in order to receive the...
It is important to understand the distinction here between the period of credit that is granted, and the time that a customer may take to pay. The latter may reach well beyond the period of credit...
Receivables financing is a service whereby a finance company will provide the majority, or all of the value of your invoices upfront (less charges) so that you do not have to wait for your customers...
When you raise the sales invoices on 30-day credit terms, you will be waiting at least a month to receive payment. If you are using a receivables financing facility, you will receive the majority of...
The only other option is to demand payment in advance or cash upfront from customers. However, this can make you appear uncompetitive when compared with your competitors. It is for this reason that...
If you are having an issue with the time that it takes to get an invoice paid, please speak to Sean on 03330 113622, to find out how we can help you accelerate your cash flow. Even if you have a...
You may also find that your business could benefit from having a professional credit control outsourcing company dealing with the collection of your outstanding invoices. This can be in addition to...
http://www.fundinvoice.co.uk/blog/credit-control/post/get-invoices-paid.html - Help Raising Sales Invoices To Customers On Credit Terms
If you are looking for help raising sales invoices to your customers, on credit terms, we have pulled together a number of useful resources that will assist you....
If you need the services of someone to do this for you, please get in touch and we will put you in contact with someone that can help....
Accounting software packages tend to take all of the work out of raising your sales invoices, by doing the job for you (or having add-on software that will raise the invoices)....
However, it is still important to know exactly what needs to be on your sales invoice, in order to prevent payment delays. For instance, if you don't specify the payment terms, customers may be...
Firstly, see our article: "Top 10 Tips For Raising Invoices That Get Paid", it sets out a number of pointers that will help ensure that you get paid on time....
We also have templates for both invoices and credit notes, that list all the items you will want to ensure are displayed. The page also shows examples of invoices and credit notes....
Working Capital Partners also contributed an article titled: "Zen And The Art Of Invoicing", which has some more helpful tips on raising invoices....
If you are raising sales invoices to customers, you may be lucky and they may be paid quickly, or at least within the term of credit that you have granted. However, in the UK, many invoices are paid...
You may need to put in place an effective credit control process, to ensure that you maximise your chances of being paid in a timely manner. We have guidance on running your own credit control...
If you are suffering because of the "cash flow gap" i.e. the delay between raising an invoice, and it gets paid, there are financing products that will help you bridge that gap. This type of cash...
Steps you can take to Help You Avoid Falling Victim To Invoice Fraud....
http://www.fundinvoice.co.uk/blog/credit-control/post/help-raising-credit-sales-invoices-to-customers.html - How Can A Small Business Survive Late Payments
List of business funding offers...
How can a small business survive late payments in the wake of the coronavirus pandemic? It is about two things. Firstly try to avoid situations where you could suffer a late payment and then mitigate...
A recent study conducted by the Federation of Small Businesses (FSB) has found that the UK's late payment crisis has worsened during the Covid-19 lockdown. Apparently, 65% of small businesses...
If you are one of those small businesses that have been affected, these are a number of actions that you could consider taking, in order to help your business survive late payments:...
http://www.fundinvoice.co.uk/blog/credit-control/post/how-can-small-business-survive-late-payments.html - How I Analyse A Profit And Loss Account
Analysing the profit and loss account (P & L) of a company can give you some idea of how well the business is trading. You should be able to see if its sales volume is growing, or decreasing. You...
Growth or profitability provides no guarantee that you will be paid on time, or that the business even has the money to pay you. The historic nature of financial accounts means that you are always...
Also, profitability is not the same as cash flow. You can sell something at a profit, but you don't have the cash from that sale until your debtor pays. Even profitable companies can be cash...
If you are cash poor and want to address that, get in touch and we can help you release the cash from your unpaid invoices. Just call Sean on 03330 113622....
The first thing that I look for is the trading period over which the accounts are drawn. The normal course is for 12 months trading accounts to be filed each year. However, some companies will amend...
For example, if you are comparing last years profit performance with the profit performance from this year period, and the current period is say 18 months, you would expect the profit returns to be...
I always make a point of reading through all the pages of the accounts, including the notes in order to get the best understanding of a company’s situation. The profit and loss account is a...
You can make several comparisons. Firstly, you can compare year on year performance. This will tell you how the company is progressing e.g. increasing sales, or reducing sales volumes. Increasing...
Another comparison can be with other businesses within the sector, or with industry norms. Once again, comparing percentages throughout the P & L can show deviations from the norm, regardless of...
Take note of any dividend distribution. This is when a payment is made to the shareholders, so they should not be considered in the same way as say costs. Sometimes a dividend paid will show at the...
Another complication When dealing with companies of even a reasonable size is that there are limitations in the requirement to file profit and loss information at all. A company can turnover several...
The above is not intended to be a comprehensive guide to analysing financial accounts, and I am not an accountant, but it includes some pointers based on the approach that I tend to take. If you need...
See related article : How I Analyse Financial Accounts....
http://www.fundinvoice.co.uk/blog/credit-control/post/how-i-analyse-a-profit-and-loss-account.html - How I Analyse Financial Accounts
Analysing the financial position of an individual or a person is not a straightforward thing to do, but having spent a number of years working within credit underwriting, I have dissected countless...
Often the information that is available, even if you subscribe to credit information services, it can be fairly limited. In addition to financial accounts (which you can get for free from Companies...
This series of posts about analysing financial positions are for information only, you should not rely on my approach for the process of granting any form of credit....
PROTECTION AGAINST BAD DEBTS...
I thought it might be helpful to outline the process that I go through when trying to understand the financial position of a party, without paying for credit information. You can do this for people...
With a celebrity, the first step may be trying to determine the name of the business that they use to receive income. For example, some of this type of information may be gleaned from looking at...
The first thing I do is a simple search in Google.co.uk, using the individuals name (and/or company names). Normally I use inverted commas around the name, in order to get a more accurate result....
The other day, I was told about an individual that had left behind a failing company, with a number of disgruntled employees, a quick Google search revlealed local news paper items explaining the...
If the person has business interests, these may require that financial accounts are filed at Companies House, so there may be a bit more information to go on. This is not the case though if they...
I normally go to beta.companies house.co.uk, as their free website allows you free access unlimited filed information about companies, and the individuals involved with them....
Searching against an individual's name, you should be able to find a list of the directorships, or connections that they have to different companies....
The first thing to note is that if they trade as a sole trader or as a partnership, accounts will not necessarily be available via Companies House. However, if they use Limited Companies, PLCs or...
When it comes to looking at a set of accounts, the first thing that I would look at is the general information as to when the company was set up, which gives an idea as to how established it is. If...
If there are financial accounts available, there are various things that I look for, when reading through them. I start by looking at the date of the accounts, to ensure that they are relatively...
Also, companies with turnover of less than £6.5M pa, and a balance sheet of less than £3.26M have no requirement for their accounts to be audited (verified by Accountants), hence they...
Then I analyse the profit and loss account, and I dissect and understand the balance sheet. See those two related posts for details of what I look for....
The above is not intended to be a comprehensive guide to analysing financial accounts, and I am not an accountant, but it includes some pointers based on the approach that I tend to take. If you need...
If you are looking for protection against bad debts, caused by customers not paying you, please speak to Sean on: 03330 113622. ...
Recommended Accountants: Advanta Chartered Accountants....
Further Information: How Companies Can Look Good On Paper And Still Go Bust....
http://www.fundinvoice.co.uk/blog/credit-control/post/how-i-analyse-financial-accounts.html - Late Payment Problems And Solutions
Battling with a late payment problem and searching for solutions? You might feel like you are all alone by recent research from Close Brothers Invoice Finance suggests that is not the case. It...
Their poll found that 42.8% of SMEs say that late payments are a problem for their business, and their poll found that the "Wholesale and Distribution" sector was particularly affected with 54.1% of...
Find out about SME Invoice Finance....
This is not the only piece of research revealing the extent of the problem within the UK, a previous one of my blog posts cited research conducted by Dun & Bradstreet showing similar figures (48%...
FundInvoice found similar issues in our survey of recruitment companies within East Sussex and Kent. Our survey identified 52% of recruiters wanting to see an improvement in late payments from...
There is an entire industry of receivables funding companies that have developed to help companies bridge this cash flow gap between delivering work and receiving the money for the job. They can...
These solutions work by releasing part of the value of your sales immediately after you produce the invoices (or applications for payment in the construction sector), and then the balance when the...
http://www.fundinvoice.co.uk/blog/credit-control/post/late-payment-problem.html - Need Help Chasing Invoices?
Do you need help chasing your unpaid sales invoices? Our focus is often on sourcing finance for our customers, but in some cases, it is a credit control service that they need, and we have plenty of...
We have a number of providers that can offer these types of services, and using them can both speed up your debt turn, get your invoices paid and remove the need to employ your own credit controllers...
For an idea on the cost of credit control services, please see our article on the subject, however, you need to get a quote for your own business in order to understand the cost for you. This will...
The big issue is always selecting a provider that can offer a good level of service. We have experience working with agencies that we can recommend to you....
The other area that such services can be very helpful is if you are an exporter selling abroad. Having a credit control agency with language skills is likely to be of great help. It can be very...
Once again, there are specialist agencies that can offer you access to experienced credit controllers with foreign language skills....
There are also confidential services that will undertake all the work for you but in the name and branding of your own company. In this way, customers think they are being contacted by a department...
However, it is also worth mentioning that some of the agencies that we deal with are well-known brands, and this can have a positive effect on customers, often making them pay quicker than they might...
If you want to run your own credit control function please see our free guide to successful credit control....
http://www.fundinvoice.co.uk/blog/credit-control/post/need-help-chasing-invoices.html - Pre-Dunning Chasing Invoices Before Due Date
Pre-dunning is the practice of contacting a debtor, to confirm that payment is due to be made before the debt has fallen due. This can form part of your normal credit control process to chase in...
"Dunning" is the process of communicating with debtors regarding the collections of accounts receivable. "Pre-dunning" is when you communicate prior to the debt having fallen due....
Whilst many suppliers don't adhere to this practice, it can be helpful in confirming that there are no issues with your outstanding sales invoices, prior to them falling due....
Typically, a supplier that chases only once the invoice is due will only surface any problems at that time, customers rarely contact suppliers to warn them of issues with debts. It is often the case...
Pre-dunning can form part of your credit control process. See our guide to credit control to see how it can fit into your overall collections cycle. We also provide further details on how to manage...
This can be as part of a factoring arrangement (where you also get prepayments against your sales invoices), or on a standalone basis. Some clients use these services to improve the speed with which...
Whilst not all businesses choose to undertake pre-dunning, it can be an effective way of improving your cash flow, by highlighting payment issues earlier....
http://www.fundinvoice.co.uk/blog/credit-control/post/pre-dunning.html - Selective Invoice Finance With Free Auto Dunning
Selective invoice finance is a service that we are often asked about by prospect. There are a growing number of companies offering the service, and as I have mentioned in previous posts the...
We have regular meetings with the providers, in order to keep up to date with the structure of their products, their pricing approach etc. We had a meeting a few months ago with a funder that...
This provider can fund in as little as an hour, doesn't required personal guarantees or debentures, charges no setup fees and can deal with construction sector customers - a favourable offering...
This particular selective invoice finance service works by allowing you to upload from your sales ledger accounting package, to the funders platform. The auto dunning, can they be tailored to your...
Auto dunning means automated credit control correspondence that is sent to your customers. The correspondence is all tailored to chase up payment and get your debtors to pay. Chasing communications...
It is a service that is provided, free of charge to the provider's selective invoice finance customers, which is one way to differentiate between the number of providers that now service the...
If you are really looking for a full credit control service, we can also introduce you to partners that are able to offer that. A full service would also include credit control staff making phone...
http://www.fundinvoice.co.uk/blog/credit-control/post/selective-invoice-finance-with-free-auto-dunning-chasing.html - Solutions To Late Payments From Customers
Late payments are still causing cash flow problems for UK SMEs....
An email just received from one of our new funding partners, My Muse, was headed "48% of SMEs impacted by late payments". It goes on to quote some recent Dun & Bradstreet research that has...
The impact of these late payments can be cash flow difficulties, delayed payments to the SME's own suppliers and ceasing to supply late paying customers....
If your customers are paying your invoices late, there are several solutions to late payments that you might want to consider....
Many UK businesses use credit from their suppliers to finance their own businesses. If you don't have to pay your suppliers, you don't need to borrow so much. In this way, you could be...
Do you have adequate credit control procedures in place? If you don't, the lack of a timely phone call, statement or chasing letter could be all that is needed to ensure that you are paid...
If you don't want to operate the credit control function in-house, you could look at outsourcing the function to a professional credit control company. In many cases, they will be able to...
If you are already doing everything you feel that you can on the credit control front, there are financial products that will bridge the credit gap for you, providing a late payment solution. That is...
Find out more about SME Invoice Finance....
If you need help please call Sean on 03330 113622 for help finding solutions to late payment....
http://www.fundinvoice.co.uk/blog/credit-control/post/solutions-to-late-payments-from-customers.html - Do You Know The Standard Payment Terms Your Customers Can Take
Did you know that the standard payment terms in the UK are 30 days from the date of your invoice?...
Many will not be aware that if you did not specify payment terms within the contract with your customer, there are default standard credit terms that will apply to your invoice. At the current time,...
This means that if you raised your invoice, expecting it to be paid for example, by return, but you had not specified this within the terms and conditions of the arrangement, your customer could...
There can be a significant difference between these roles and payment terms taken in practice. Despite this standard period of credit, it is common to see UK businesses taking a longer credit period...
Many companies also have standard payment practices, for example, they pay at the end of the month following receipt of the invoice. This may be applied by a large company on a blanket basis....
The answer is to agree on the payment terms upfront and include them both within the underlying contract and on the sales invoices that you raise. It is good practice to ensure that the customer has...
See our article about Mitigating Customer Payment Defaults...
If you are having trouble collecting your outstanding debts, please see our free credit control guide which explains how to approach the collection of invoices with a business. If you do not want to...
Alternatively, you could use the services of a receivables financing company to bridge the time between raising your invoice and getting paid by your customers. They will provide you with a...
http://www.fundinvoice.co.uk/blog/credit-control/post/standard-payment-terms-uk.html - A Warning About Invoice Fraud.
Avoiding invoice fraud is an important part of providing invoice finance and running any business. We were recently speaking to one of our funding partners who outlined a fraud methodology that is...
The fraudsters start by acquiring a company that has been established for a good period of time, but one that might have been in poor financial shape, and has filed poor sets of financial trading...
The fact that they financial position is poor means that the cost of the acquisition will be greatly reduced. The fraudsters then file an amended set of accounts, to update the last set of financial...
Whilst this may be detectable if you pull down all the accounts, the fraud relies upon the credit agency's automated processes taking the numbers from the amended accounts and increasing the...
The fraudsters then approach an invoice funder and seek funding against fictitious invoices to the debtor (for which the amended accounts were filed). From a credit perspective, the debtor company...
If you see a set of "amended" accounts filed at Companies House, you might want to dig further to understand what lay behind the amendment. In most cases, it may well be a legitimate reason e.g. an...
http://www.fundinvoice.co.uk/blog/credit-control/post/warning-about-invoice-fraud.html - What Is Trade Credit And How Does It Work
Deciding to offer trade credit is a big decision for any business. It can be a prerequisite to doing business but it comes with certain risks, costs and a potential impact on your cash flow....
Trade credit is when a business offers its customers (or debtors) a period of credit to pay their invoices. This is often something that customers will seek in order to deal with a particular...
Typically, this type of credit is unsecured (assets and guarantees are not normally pledged to support it), unlike most forms of bank credit. This creates an inherent risk should the debtor default....
Trade credit works by granting the customer a period of time in which to settle their invoice. This benefits the cash flow of your customers as they now have a period of time to sell goods or provide...
Typically, in the UK customers will often be offered 30 days credit in many industry sectors. This does not apply to all, in some cases, it can be a longer or shorter period of time....
In addition to offering a period of credit, it is sometimes the common practice to give customers a small discount on the invoice value if they pay within the set credit period....
It is good practice to set a credit limit for each customer. The credit limit is the maximum amount of invoices that are allowed to be outstanding at any given time. This ensures that the amount of...
See our credit control guide for more information about setting customer credit limits....
The key risk of offering customers time to pay is that they can run up a credit account and then fail to settle the balance. Keeping these accounts in good order is part of the credit control process...
See our article about Mitigating The Risk Of Customer Payment Defaults...
The cost of offering credit accounts to customers is ultimately borne by the supplier. Having said that, it is often a cost of doing business that cannot be avoided....
There are models available that will allow you to calculate the cost of offering time to pay to customers. This is an example of a trade credit calculator. You are able to enter the amount of credit...
Making this comparison allows you to see if you would be better off granting credit or Increasing your borrowing. Having said this, as stated above it is often the cost of doing business....
Granting credit accounts will have an impact on the cash flow of the supplier. The issue is that you now have to wait for a period of time in order to be paid, this reduces your liquidity and can...
However, there are potential receivables financing solutions that will allow you to negate the cash flow impact of offering credit accounts. They work by releasing the cash tied up in unpaid invoices...
GET AN INVOICE FINANCE QUOTE...
In addition to using bank overdrafts or loans, receivables financing offers a range of possible cash flow solutions. Invoice discounting facilities allow you to access the cash tied up in your...
http://www.fundinvoice.co.uk/blog/credit-control/post/what-is-trade-credit-and-how-does-it-work.html - Why Do Large Companies Pay Late
I've just answered a question posed online about "why do large companies pay late?"....
Firstly it's worth mentioning that this does not apply to all large companies. We deal with numerous financial services companies who tend to pay very quickly....
There are a couple of key reasons for some large companies paying late, which are explained below. Despite there having been a tightening up on large companies, adding the right to receive interest...
The biggest reason for making late payments to your suppliers is to benefit your own cash flow....
If you have a situation where you are paying your suppliers say £100,000 per month, paying on cash terms (immediately you purchase without taking any credit period), in month one you have to...
If instead, you take 30 days of credit from your suppliers i.e. you don't pay until 30 days have elapsed (let's assume that's a month to avoid the complicated maths!), in month 1 you...
If you continue to take 30-day terms, this additional cash flow benefit will be retained within your business....
If you instead decided to take 60 days to pay (roughly 2 months), The benefit would accrue as follows. In month 1, you would not have to pay out the first £100,000 (i.e. no £100K...
In the case of a large company, you only have to multiply the numbers up to realise the significant benefit it can be for them to take extended periods of time to pay....
Indeed, in situations such as the collapse of Carillion, when their cash flow problems were at a peak, just before their collapse, they started taking 120-day terms from suppliers which would have...
The second reason for taking a long time to pay your suppliers can be administrative reasons. If you are dealing with a large company, it is often not a simple case of the owner of the business...
Often the payment process can involve numerous different departments – such as purchasing, payments or finance. There may also be numerous levels of approval required, depending upon the size...
Some large companies require you to adhere to their own payment process. If you make an error this can cause a delay. Some companies have their own payments system that suppliers have to log into in...
It is important to understand your supplier's full payment process at the outset of the relationship....
If you are dealing with local authorities, administration can be one of the main problems when seeking to get paid. We have some advice in our article regarding Getting Paid By Local Authorities....
What can you do about late payments? often not much! These are a few options:...
If you would like more information about how to operate an effective credit control system, and about charging interest on overdue debts, we have a free credit control guide on our website....
If you are in need of assistance, either in terms of funding the gap between raising invoices and getting paid or collecting your invoices, we will be happy to assist you in finding a provider that...
http://www.fundinvoice.co.uk/blog/credit-control/post/why-do-large-companies-pay-late.html - Help Paying Deferred VAT
Many businesses will have taken up the Government's offer of deferring their quartlerly VAT payment from Q2 2020 until 2021. This was just one of the financial measures announced to help support...
The Government's site says that the VAT can be paid in full on or before 31st March 2021 or businesses can opt into the VAT deferral new payment scheme when it launches in 2021. Alternatively...
Whilst VAT deferrals are helpful, and will provide sufficient breathing space in some cases, they are likely to just move the problem forward in other cases. In some instances, the money will have...
Therefore, the ongoing deferral of VAT can result in an ongoing problem for some businesses that will not recover to a point where they can then repay the amount. The nature of VAT, especially for a...
We can offer several solutions to companies struggling due to coronavirus, one of those is for companies that have deferred their VAT payments, beyond just further deferrals that just mark the issue...
With an invoice discounting facility, you can release (typically 85% - 90%) of the value of those invoice, in cash to use for any purpose. This includes payment of those VAT bills. Its not like...
http://www.fundinvoice.co.uk/blog/creditor-pressure/post/help-paying-deferred-vat.html - Need Help Paying VAT HMRC Tax Bills
Do you need help paying your VAT tax bill from HMRC? If so, we may be able to offer you some options....
Already we are in March, and coming up to the end of the first VAT (Value Added Tax) quarter of 2018. VAT returns and payment of outstanding Value Added Tax will be required one month and 7 days...
Only yesterday I wrote about Toys R U going into Administration. According to the news, they are facing a VAT bill in the order of £15 million, an eye-watering amount of tax to have to find....
The principle behind Value Added Tax is that, if you are registered for VAT, you charge it on your sales (normally at 20% for most things, although not all goods and services attract the same rate of...
The problem is that as you trade, raise invoices and get paid, you are gradually collecting VAT amounts that will ultimately need to be paid over to HMRC. Setting those amounts aside is good practice...
For example, if you raised £50K of invoices, and added 20% VAT, that would result in an invoice of £60,000. When that invoice is paid, £10,000 of the payment should be set aside and...
However, if you are a fast-growing business, using VAT reserves to help fund your cash flow can be disastrous. The more you sell, the more working capital you need to deliver against those sales, and...
If you have got yourself into this kind of situation, we may be able to help you raise finances in order to overcome the problem and pay your VAT bill. Using invoice finance can release up to 85%...
In the first instance, to prevent a problem, you could use this money instead of using your VAT reserve, in order to fund your working capital requirements. However, if you have already dipped into...
Some invoice finance facilities can be "selective" such that you choose which invoices to receive funding against, and you have no obligation to use the facility again. This could be helpful if your...
Even in circumstances where you have already used invoice finance, and you still have a tax bill looming, we may be able to help you secure some form of business loan, or top up finance, to get your...
If you need some help, please speak to Sean on 03330 113622 (or use the green application form on this page) and he will see what can be done to assist you....
http://www.fundinvoice.co.uk/blog/creditor-pressure/post/need-help-paying-vat-hmrc-tax-bills.html - What To Do If A Supplier Puts You On Stop
What to do if I supplier places you on stop....
It is common practice within credit control to place a customer “on stop“ if they have not kept their credit account sufficiently up-to-date....
What this means is that the supplier refuses to provide further goods, until the credit account has been paid up to date....
This can cause a significant problem for the debtor as they may need further supplies in order to generate funds to pay their account....
There are a number of possible actions that could be considered....
The easiest action is to pay the account up to date. Assuming that you don't have the cash on hand, you could try pressing some of your own customers for payment, in order to generate some...
Another option is to find other suppliers that can provide the same products on credit terms, and open accounts with them. Unfortunately, it is not always the case that another company can provide...
It is also worth noting that if you have already run up credit with one (or more) suppliers, just finding further providers to supply you could increase the amount of debt that you have to carry...
Also, if you have credit problems generally, such as poor credit or payment history, you may find that it is difficult to find credit from alternative suppliers....
It may be that you are able to negotiate with the supplier that has put you on stop. It is possible that with a full and frank explanation of the situation that you are in, they may take a different...
You may be able to negotiate a small part payment, in order to unlock further vital supplies....
Another way of tackling the problem is to raise the money required to pay your account with the supplier and have your account taken off stop....
Accounts receivable financing is one way of doing this. This type of finance relies on you having an outstanding sales ledger of credit invoices, of which the receivables financing company will...
The funds received from this prepayment can then be used to pay your suppliers. It is also worth noting that in some cases you may be able to pay your suppliers quicker, which could mean that you...
http://www.fundinvoice.co.uk/blog/creditor-pressure/post/what-to-do-if-a-supplier-puts-you-on-stop.html - The Association Of British Factors 1989 To 1990
Receivables financing has come a long way since I started my career in the late 1980s. I recently came across my notes from the Association Of British Factors certificate course. This was from the...
These were some interesting points about the ABF that I had jotted down....
The Association of British Factors (ABF) was the industry body for receivables financing in the UK back then. It subsequently became the ABFA (Asset Based Financing Association) and is now part of UK...
Amongst my ABF certificate notes, there was a list of the then 11 members that made up the ABF:...
Many of those names have long disappeared from our sector or changed their names as part of various acquisitions and mergers over time. Although some of these entities still exist, none of them has...
It is also striking the number of receivables financing companies now operating in the UK. My latest count has over a hundred, of which many are now members of UK Finance. There are also a number of...
I was equally surprised to find a note of the total client numbers at that time. Apparently, across the ABF there were 8,130 clients in June 1990, an increase from the 6,926 in 1989. These numbers...
http://www.fundinvoice.co.uk/blog/education/post/association-of-british-factors-1989-1990.html - Education Finance From Nucleus Commercial Finance
I recently had the opportunity to interview someone from Nucleus Commercial Finance, about their Education finance product....
The market for further and higher education is apparently worth a huge £2.5 billion, and there have been big developments in aspects of the education sector, such as apprenticeships....
In response to this, Nucleus Commercial Finance has launched their education finance product, to help bridge the gap between training organisations having to invest in delivering these services, and...
Read more about Education finance....
The Apprenticeship Levy is a 0.5% tax on the payroll of large employers. This generates a pot of cash for companies to be able to spend on offering apprenticeships to staff. Historically an...
The actual training is often delivered by training companies who tender for such work. The issue that they face is that with say a £12K contract, over a 2-year period, they will receive one...
So there is great benefit in a trainer being able to access say 3 to 6 months' payments, upfront via the education finance funding product. As the funds are paid by the Government over time,...
The SME contribution model requires SMEs to contribute 10% of the cost of apprenticeships. This in turn unlocks money from the Education & Skills Funding Agency (ESFA) to fund the apprenticeship....
The cost of the funding depends upon the nature of each arrangement, but Nucleus is moving towards flat fee structures, which are linked to the amount of funding that an organisation can access. This...
If you operate within the Education sector and could benefit from speeding up your cash flow via advances against payments, please get in touch with Nucleus to discuss how they can structure advances...
http://www.fundinvoice.co.uk/blog/education/post/education-finance-nucleus-commercial-finance.html - Mike Vince Of MRVince Launches Sales Training For The Invoice Finance Sector
Mike Vince, who many will recognise as the former Managing Director of Innovation Finance, has launched his own business - MRVince Limited. The business will provide sales training to the Business...
Mike is offering a FREE initial consultation visit....
CONTACT MIKE VINCE OF MRVINCE LTD...
Mike has worked within the sector for over 30 years, and we first met when we he joined Barclays Commercial Services from International Factors. He has since gone on to work at Close Invoice Finance...
There is always demand for good quality sales people (normally called Business Development Managers - BDMs) within the invoice finance sector. Based on this demand, Mike identified a need to access,...
His service if very much bespoke and tailored to the needs of the organisation, rather than a standard offering. It starts with a free consultation visit, to discuss what you need and assess how both...
http://www.fundinvoice.co.uk/blog/education/post/mrvince-mike-vince-sales-training-for-invoice-finance-sector.html - A Case Study About A US Factoring Company Found For A USA Business
This is a case study about how we arranged recourse factoring for two US businesses in the United States Of America that wanted a factoring company in the USA. ...
COMPARE QUOTES NOW...
Recently, we assisted a newly established US-based company that needed working capital to fulfil a significant contract with a major US retailer. The unique aspect of this case was that, although the...
This cross-border dynamic made the situation more complex but also presented an opportunity for us to provide flexible and tailored financing solutions....
The company was seeking an invoice finance facility. They had secured a multi-million-dollar contract to supply their own brand of hair dye products to a major US retail chain. Although the business...
We found them with a domestic recourse factoring facility provided by a US factoring company. This type of invoice finance solution allowed them to release capital tied up in invoices, helping them...
While the primary focus was on their US operations, there may also be an opportunity to source additional financing options for their UK subsidiary and potential expansion expansion into Europe. The...
This case demonstrates how we can support US-based companies, even when the ownership or management resides outside the country. Whether expanding into new markets or needing working capital to...
http://www.fundinvoice.co.uk/blog/export/post/case-study-us-factoring-company-for-usa-recourse.html - How Can Anyone Deal With This Ongoing Brexit Uncertainty
As Brexit continues to limp on, begging the question, how can any business cope with the ongoing uncertainty of Brexit?...
It is unbelievable to think that after several years of negotiation, with just over a week left to go until the date that the UK is set to crash out of the European Union, there is still no...
Even the requested delay of a few months is in question, as indications are that EU will press for either a shorter delay, or a much longer delay....
Regardless of your views about Brexit, the UK desperately need certainty so that businesses can get on with trading, rather than putting everything on hold whilst they wait for the outcome of these...
If you are an exporter, exporting goods to the EU, it is unbelievable to think that you still have no clarity as to exactly how you would need to operate in just over a weeks time! Similarly, if you...
If you need assistance with the funding of either exports to the EU, or imports from the EU, to guard against any potential payment problems that may occur due to the issues surrounding Brexit, we...
http://www.fundinvoice.co.uk/blog/export/post/how-can-deal-with-brexit-uncertainty.html - UK And Export Funding For Shopfitters.
Shopfitting is a trade that we have recently been able to assist. We arranged a UK and Export funding facility for a UK shopfitting company that was involved with the design, development and project...
Funding shopfitters might have been a tricky trade for some invoice finance companies, it is very close to the construction sector in the way that it operates - and very few providers can help...
This is in addition to the more complex nature of their transactions i.e. not the simple sell-and-forget "box shifting" that some providers favour. Design, development and project management activity...
This particular customer had been using a selective invoice financing service, but they felt that they were not getting the service levels and quality of relationship that they wanted from the...
When they felt they had needed support from their previous provider, they felt it had not been provided, and they wanted someone who would provide a closer relationship, and work together with them....
We were able to introduce them to an independent invoice finance company who are experienced at working closely with their customers. They are also able to finance both UK and export debts, meeting...
This case highlights that different facilities, and indeed different providers, suit different customers. For some customers, a transactional, selective facility is the answer - whereas for others...
We work with customers who are looking for bank-backed facilities, selective invoice funding and full debtor book funding from independent providers. We can assist with any of these requirements....
http://www.fundinvoice.co.uk/blog/export/post/uk-and-export-funding-for-shopfitters.html - EU Firms Plan To Make UK Firms Foot The Bill For Late Deliveries Due To Brexit
Brexit looms ever nearer, and we still have no certainty around what is going to happen. Will the Prime Ministers deal finally make it through Parliament? Or will Brexit be delayed? Or will we leave...
Further negative news for UK exporters, in the press this morning (Sky News amongst others). Apparently, a study by the Chartered Institute of Procurement and Supply (CIPS), around supply chains,...
Apparently the study shows that UK exporters could expect to be punished for late completion of orders, exported to the EU. Among the finding was that for a delay of just 24 hours, 20% of EU...
Furthermore, 60% of EU businesses said they would leave their UK suppliers if orders were delayed by several weeks. Supply chains are so finely balanced that even a temporary delay at the border,...
The potential payment delaying effects of Brexit were highlighted in our own market research, which found that 83% of UK businesses expect late payment to increase as a result of Brexit (this...
If you are exporting to the EU (of just selling within the UK), it's still not too late to get some protection in place, but the clock is now ticking. You could consider an export invoice...
For help call Sean on 03330 113622 to discuss your export finance needs, and how you could protect your company against some of the possible effects of Brexit....
http://www.fundinvoice.co.uk/blog/export/post/uk-firms-liable-for-export-delays-eu.html - 0% Over Base Rate Funding Gets Most Interest
When we send out the monthly factoring newsletter we track the number of people that click through on each article. Last month's email newsletter ran 3 different articles and it was the article about...
http://www.fundinvoice.co.uk/blog/factoring/post/0-over-base-rate-funding-gets-most-interest.html - 10 Steps To Get Out Of Factoring
If you want to get out of factoring here are 10 steps to follow: 10 Steps To Get Out Of Factoring...
The article explains the various ways that you can address your issues with using factoring and get out of factoring altogether if required....
http://www.fundinvoice.co.uk/blog/factoring/post/10-steps-to-get-out-of-factoring.html - 100 Percent Funding Against Public Sector Invoices
Our invoice finance brokerage has been fortunate enough to have been offered an exclusive arrangement by one of its finance partners to offer an invoice discounting product whereby our clients will...
This could provide a much-needed additional cash flow benefit for a number of our clients....
http://www.fundinvoice.co.uk/blog/factoring/post/100-funding-against-public-sector-invoices.html - 100 Percent of Clients Surveyed Would Recommend Us
In a survey that was conducted amongst our clients 100% of those asked said that they would recommend our search service for invoice finance, factoring and invoice discounting quotations....
I was just reading a piece of research on behalf of the ABFA in conjunction with YouGov that found that 82% of existing users of factoring and invoice discounting would recommend it to other...
Also, whilst it appears a positive result i.e. a large majority recommend the products when compared with the result for our own services it is someway short of where it could be making the reasons...
http://www.fundinvoice.co.uk/blog/factoring/post/100-of-clients-surveyed-would-recommend-us.html - 150 Members Join UK Invoice Finance Research Group
We are up to 150 members! The UK Invoice Finance Group on Linkedin.com has continued to grow and we have now reached 150 members....
The UK Invoice Finance Research Group is intended to enable the sharing of research relevant to invoice finance, factoring, invoice discounting and related subjects to aid in the expansion of the UK...
http://www.fundinvoice.co.uk/blog/factoring/post/150-members-join-uk-invoice-finance-research-group.html - More Than 200 Members Join UK Invoice Finance Research Group
The membership of the UK Invoice Finance Group on Linkedin.com has broken through the 200+ barrier. Not bad when you consider that is equivalent to the entire staff of a mid-sized factoring company,...
To join our free invoice finance discussion group go to: http://www.linkedin.com/groups/UK-Invoice-Finance-Research-3323843...
http://www.fundinvoice.co.uk/blog/factoring/post/200-members-join-uk-invoice-finance-research-group.html - 25 Percent Of SMEs Think Accountants Are The Key To Invoice Finance Growth
I have been continuing to dissect the results of our survey question to SMEs when we asked what they thought the invoice finance industry should do to better promote itself as a cash flow solution....
The top answer (27% of respondents) as previously reported was that "Banks advertising" the products was the most popular methodology however a very close second answer was "Promotion by Accountants"...
Both Banks and Accountants are important sources of business to the invoice finance industry and clients often rely on them for advice. I guess it is up to the factoring companies to seek that kind...
http://www.fundinvoice.co.uk/blog/factoring/post/25-of-smes-think-accountants-are-the-key-to-invoice-finance-growth.html - What 31 Percent of SMEs Think
We surveyed 100 SMEs and asked them:...
"What is missing from the invoice finance market?"...
The top answer from 31% of the repondents "flexibility". They went on to explain that this related to flexibility of funding from factoring and invoice discounting facilities. An interesting result...
It is true that there are differences between invoice finance companies but if you shop around there are flexible invoice finance funding options available....
http://www.fundinvoice.co.uk/blog/factoring/post/31-of-smes-think-flexibility-of-funding-is-missing-from-the-invoice-finance-market.html - 37 Percent of Businesses Prefer Selective Invoice Finance
With the emergence of a number of selective invoice finance facilities over recent years we wanted to find out what the market demand was for these types of facilities. Therefore we asked 100...
"Would you expect businesses using invoice finance to prefer to receive funding against all their invoices or only invoices that they select?"...
63% of respondents thought that businesses would want funding against all their outstanding sales invoices (which is traditionally how the invoice finance market has operated and is called "whole...
This suggests that there is a clear niche for selective invoice finance (factoring and invoice discounting) although the majority seem to favour whole turnover style facilities which are more...
http://www.fundinvoice.co.uk/blog/factoring/post/37-of-businesses-prefer-selective-invoice-finance.html - 3K Factoring Case Study Published
We have just published a case study showing how we found a quotation for a client for a factoring facility at a £3,000 per annum service charge during April 2010 that will deliver them a...
http://www.fundinvoice.co.uk/blog/factoring/post/3k-factoring-case-study-published.html - 50 Percent Cost Saving For Invoice Finance Client
We have just completed a quotation search for invoice finance for one client and found them a 50% cost saving on their existing fees! Not bad for a free service!...
A regular issue that we are finding with prospective clients at the moment is that they are paying discount charge over a minimum bank base rate rather than at actual base rate. Whilst base rate is...
http://www.fundinvoice.co.uk/blog/factoring/post/50-cost-saving-for-invoice-finance-client.html - 54 Percent Of Businesses Think Factoring Improves Speed Of Debtor Payments
Around this time of year payment delays can occur and many businesses are experiencing a slowdown in their cash flow. Factoring can help improve cash flow by making available immediate payments...
In some cases, clients are cautious about using an outsourced credit control service as they are worried about whether it will affect their current debtor turn (a measure of the speed at which...
Our recent research, amongst 100 SME businesses found that 54% of businesses thought that using a factoring service would improve the speed with which debtors paid....
http://www.fundinvoice.co.uk/blog/factoring/post/54-of-businesses-think-factoring-improves-speed-of-debtor-payments.html - 54 Percent of Businesses Would Prefer Factoring Over Invoice Discounting
Do businesses prefer factoring or invoice discounting? A common consensus around the industry would seem to be that businesses generally want invoice discounting and that factoring is not their...
"If you had to use an invoice finance facility would you choose factoring (with credit control) or invoice discounting?"...
The result was that 54% of respondents said they would choose factoring (remember these are nearly all not existing invoice finance users) compared with only 46% who said that they would choose...
http://www.fundinvoice.co.uk/blog/factoring/post/54-of-businesses-would-prefer-factoring-over-invoice-discounting.html - 54 Percent of Factoring And Invoice Discounting Users Think Businesses Use Overdraft Because They Do Not Know About Invoice Finance
We surveyed a sample of businesses (84) that use various forms of invoice finance such as factoring and invoice discounting and we asked them why they thought more businesses use overdrafts than...
This is a very positive reflection on invoice finance as the majority of existing users surveyed implied that if businesses were more aware of invoice finance they would use it instead of overdraft....
http://www.fundinvoice.co.uk/blog/factoring/post/54-of-factoring-invoice-discounting-users-think-businesses-use-overdraft-because-they-dont-know-about-invoice-finance.html - 6 Months Bad Debt Protection For Free
One of FundInvoice's funding partners is currently offering 6 months bad debt protection free of charge....
Bad debt protection (also known as "non recourse") can provide a business with up to 100% protection against bad debts. It works in a similar way to a credit insurance policy but it can be a cheaper...
Its a good offer - worth looking into if you are considering a non recourse invoice finance facility with bad debt protection. Get in contact and we will put you in touch with the provider....
http://www.fundinvoice.co.uk/blog/factoring/post/6-months-bad-debt-protection-for-free.html - 6 Months Free Bad Debt Protection Now Available
One of our funding partners has just announced that they are offering clients that commence with them free bad debt protection for the first 6 months of a factoring or invoice discounting facility....
The only conditions are that no one debtor must exceed 40%, exports must be 20% or less and the minimum contract period must be 2 years....
Excellent news for clients that are seeking protection against bad debts....
http://www.fundinvoice.co.uk/blog/factoring/post/6-months-free-bad-debt-protection-now-available.html - 6 Ways to Reduce Your Factoring or Invoice Discounting Costs
I have published a new article on the site - 6 Ways to Reduce Your Factoring or Invoice Discounting Costs which describes a number of ways of reducing your invoice finance costs through changing...
http://www.fundinvoice.co.uk/blog/factoring/post/6-ways-to-reduce-your-factoring-or-invoice-discounting-costs.html - 68 Percent Of SMEs Think Invoice Finance Is Overpriced
We surveyed 100 SMEs regarding their thoughts about invoice finance pricing. We asked them:...
Do you think that invoice finance is overpriced, underpriced or priced about right?...
The results were as follows:...
68% thought invoice finance was overpriced...
32% thought invoice finance was priced about right...
. . . and none of the respondents thought that invoice finance was underpriced....
Read more about SME Invoice Finance....
Clearly, this indicates that businesses think that the price of invoice finance, such as factoring and invoice discounting, is too high. This seems to reinforce the role of invoice finance brokers...
http://www.fundinvoice.co.uk/blog/factoring/post/68-of-smes-think-invoice-finance-is-overpriced.html - 7 Percent Of SME Businesses Have Business Loans
In our recent survey, we asked a group of 100 SME businesses if they had a business loan. 7% said that they did so 93% don't have a business loan. This is an interesting contrast to the 88% who...
This is much higher than the percentage that uses invoice finance, factoring and invoice discounting (less than 1%). In our previous surveys, 35% of businesses thought that the reason for the low...
(Published 3rd November 2010)...
http://www.fundinvoice.co.uk/blog/factoring/post/7-of-sme-businesses-have-business-loans.html - 7 Ways to Increase Cash Flow Over Holiday Periods
Following the inevitable slow down in customer payments over Christmas and New Year, we have just published an article on the site that sets out 7 Simple Ways to Increase Cash Flow Over Holiday...
http://www.fundinvoice.co.uk/blog/factoring/post/7-ways-to-increase-cash-flow-over-holiday-periods.html - 82 Percent Of Suitable Invoice Finance Prospects Not Contacted By Invoice Finance Companies
We selected a sample of target invoice finance prospects and asked them which invoice finance (factoring & invoice discounting) companies had contacted them over the last year to promote their...
82% of businesses said they hadn't been contacted by any invoice finance companies! It is further evidence that there is a need for more promotional activity within the industry....
http://www.fundinvoice.co.uk/blog/factoring/post/82-of-suitable-invoice-finance-prospects-not-contacted-by-providers.html - 87 Percent Don't Know Its Easier To Get Factoring Than Invoice Discounting
Anyone that works within the invoice finance industry will consider it common knowledge that qualification for invoice discounting is harder than qualification for factoring. With a factoring...
We wanted to know if businesses understood this difference so we asked 100 randomly selected SME businesses: "Do you think that for businesses generally, it would be easier to qualify for factoring...
The majority of businesses simply do not seem to understand the differences between invoice finance products even at this high level, let alone at a detailed level. We need to spread the message!...
http://www.fundinvoice.co.uk/blog/factoring/post/87-dont-know-its-easier-to-get-factoring-than-invoice-discounting.html - 98% Would Recommend Invoice Finance
The big question for anyone thinking of using invoice finance - what percentage of existing users would recommend it?...
The answer, from our recent survey, was: 98% said they would....
Details of the article: What Percentage Of Invoice Finance Users Recommend It?....
http://www.fundinvoice.co.uk/blog/factoring/post/98-would-recommend-invoice-finance.html - A Big Misconception About Some Business Finance Brokers
In our recent survey of 100 SMEs we asked them what they thought was the biggest reason for not using a business finance broker....
100% of respondents said due to "cost"....
The irony is that many finance brokerage services, such as ours, cost our clients nothing to use! We make no charges to our clients and only receive a small commission from the finance provider if...
The other compelling argument to use a business finance broker is that if they can find you a deal cheaper than you could find yourself, you will be better off. So if saving costs is important, using...
http://www.fundinvoice.co.uk/blog/factoring/post/a-big-misconception-about-some-business-finance-brokers.html - Proper Help With Collecting Invoices
We thought it was funny! If you are looking for proper help with credit control have a look at our free credit control guide....
http://www.fundinvoice.co.uk/blog/factoring/post/a-firm-tone-can-help-ensure-you-get-paid-on-time.html - A List Of My Articles Published By Ezine Articles
Below is a link to a list of cash flow and invoice finance related articles that I have written and have been published by ezinearticles.com :...
They include the following articles:...
- Why Do So Few UK Businesses use Invoice Finance?- 7 Ways to Increase Business Cash Flow Over Holiday Periods- Benefits of Factoring Over an Overdraft- How to Get Factoring For Free- Avoiding the...
http://www.fundinvoice.co.uk/blog/factoring/post/a-list-of-my-articles-published-by-ezine-articles.html - ABFA Asset Based Financing Association Annual Dinner Tonight
Tonight it's the annual dinner organised by the ABFA (Asset Based Financing Association), the key industry organisation for factoring and invoice discounting companies. So I will see anyone that...
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-asset-based-financing-association-annual-dinner-tonight.html - ABFA Launches New Code Of Conduct And Ombudsman Service
The Asset Based Finance Association (ABFA) has launched a new code of conduct for its members (which include many of the key factoring companies and invoice discounting companies within the UK)...
Good news for clients that are using the services of ABFA members - they now have a defined code of conduct and access to the Ombudsman if they are unable to resolve issues with their factoring or...
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-code-of-conduct-ombudsman-service.html - ABFA Invoice Finance Client Numbers Grow
At last! the latest figures (March 2012) from the ABFA (Asset Based Finance Association), the invoice finance industry body, show an increase in the number of invoice finance (factoring & invoice...
Positive news at last - hopefully the message is beginning to spread about how effective invoice finance such as factoring and invoice discounting can be in financing growing businesses and improving...
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-invoice-finance-client-numbers-grow.html - ABFA Launch Invoice Finance Presentation
The ABFA (Asset Based Finance Association), the industry body for invoice finance companies has just launched a presentation format explanation of invoice finance, factoring and invoice discounting....
The presentation addresses how different invoice finance products work, the amount of finance you could raise that how the costs work....
You can get full details of all the products and how they work from our free: Guide To Invoice Financing....
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-launch-invoice-finance-presentation.html - ABFA New Code Of Conduct And Complaints Procedure By January
Good news for invoice finance users - according to the Telegraph, the ABFA (Asset Based Finance Association) has announced that it is to launch a new code of conduct for its members and a complaints...
Kate Sharp of the ABFA was quoted in the Telegraph article as saying: "We receive only a tiny number of complaints from users about either the industry or its members." Nonetheless, a complaints...
To read the full Telegraph article please follow this link: Asset lenders prepare to step up 'self-regulation?...
Of course if you are not happy with your factoring or invoice discounting company in the meantime you can always vote with your feet and switch providers! There are still plenty of highly reputable...
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-new-code-of-conduct-complaints-procedure-by-january.html - ABFA Reports 2.4 Percent Increase In ABL Invoice Finance Client Numbers
ABFA (Asset Based Financing Association), the #invoicefinance industry body, has published the statistics for their members for the year to the end of March 2013....
These show UK ABL and invoice finance client numbers increasing from 41,498 to 42,497, an increase of 999 or 2.4% over the year. Positive growth but the number of businesses finding their way to...
Time and time again our market research surveys have found that a lack of awareness and understanding of invoice finance, amongst UK businesses, is the main reason for this. Invoice finance could...
http://www.fundinvoice.co.uk/blog/factoring/post/abfa-reports-2-4-increase-in-ablinvoice-finance-client-numbers.html - Access to Funding in the Factoring Market
Whilst the ongoing credit crunch saga and the recent events with Lehman's bank are affecting the availability of finance generally, the factoring and invoice discounting markets are still...
Some of the factors and discounters have tightened up their funding criteria but there are still players within the market that are leading by being bold with the finance they will offer. For the...
This may be due, at least in part, to the fact that the underlying security for a factoring transaction is the value of the clients outstanding sales invoices, which will hold their value, as opposed...
http://www.fundinvoice.co.uk/blog/factoring/post/access-to-funding-in-the-factoring-market.html - More Accident Repair Invoices Funded
One of our specialist funders has just completed the payout against another accident repair company's invoices to insurers....
The accident repair company had been established for several years, and they had a few invoices to insurers such as Hastings Direct and AIA Group, that they wanted to get payment against immediately....
We introduced them to a specialist lender, a member of our panel, who purchase car body repair invoices....
The facility is what we call "selective" in that our client can select the invoices they want funded, without any obligation to keep using the service, or any minimum fees....
The way that the funding works is that the finance company provide 100% of the value of the invoice upfront, less a small fee for discounting the invoice....
This means that it is a very simple process for the accident repairer who can get access to the money that would otherwise be locked up in unpaid invoicing, until the insurance company settles....
For more information about how bodyshop funding works, see our free guide or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/factoring/post/accident-repair-invoices-funded.html - Deal Completed Additional Funding For Gift Importer & Wholesaler
Sometimes we are able to help businesses that already have factoring but want to release additional working capital beyond what their current factoring company is able to release....
In the case of this particular deal, we were able to do exactly that for a London based gift importer and wholesaler who already had recourse factoring from a factoring company that was restricting...
More recourse factoring deals to follow....
http://www.fundinvoice.co.uk/blog/factoring/post/additional-funding-gift-importer-wholesaler-recourse-factoring.html - All My Factoring Tips, Invoice Discounting Tips & Invoice Finance Tips Now In One Place
I have created a new page with a complete list of all the factoring tips, invoice discounting tips and invoice finance tips that I have been publishing via Twitter: Invoice Finance Tips...
They are just little helpful hints and tips for people using or considering using invoice finance....
See the link below to follow us on Twitter....
http://www.fundinvoice.co.uk/blog/factoring/post/all-my-factoring-tips-invoice-discounting-tips-invoice-finance-tips-now-in-one-place.html - An Example Of How Invoice Factoring Grows With Turnover
If we take an example of a business turning over say £250,000 per annum. If we assumed that invoice factoring or overdraft would both release say £50,000 of funding as turnover increases...
http://www.fundinvoice.co.uk/blog/factoring/post/an-example-of-how-invoice-factoring-grows-with-turnover.html - An Insiders Guide to Invoice Finance Factoring And Invoice Discounting
I am currently writing a free ebook called "An Insider's Guide to Invoice Finance, Factoring & Invoice Discounting" to be published soon....
It will contain full explanations of all the different invoice financing products and tips and advice about avoiding the pitfalls and common issues that arise when using invoice finance....
I am also including detailed information about how different factors work, how they assess risk and how to ensure you maximise your chances of being approved for factoring....
It will be a comprehensive guide for businesses considering using invoice finance for the first time, those looking to change factors and existing users....
http://www.fundinvoice.co.uk/blog/factoring/post/an-insiders-guide-to-invoice-finance-factoring-invoice-discounting.html - Annual Growth In ABFA Client Numbers Masks Quarterly Reduction
The latest statistics and figures from the ABFA (Asset Based Finance Association) for the quarter ending December 2011 show total advances against pure invoice finance against debt growing by some 7%...
Fortunately, as a brokerage we are still managing to significantly outpace the industry in terms of our own growing client numbers - we saw a 10% increase in the volume of invoice finance clients...
http://www.fundinvoice.co.uk/blog/factoring/post/annual-growth-in-abfa-client-numbers-masks-quarterly-reduction.html - Another 5 Star Review For FundInvoice
FundInvoice has just received another 5 star review from a customer that we helped find a factoring facility last year. Good news because it shows that they are still happy with what we found for...
This was the comment that was left about FundInvoice, in addition to rating our service with 5 stars, the maximum possible:...
"Sean was very helpful when we were looking to move our factoring arrangement, talking us through options and offering a range of solutions including one that suited us well"....
You can see all of our other client reviews and ratings here, we have managed to maintain an average of 4.9 out of 5 possible stars, with nothing less than 4....
It is really difficult to get customers to spend the time giving us a review, so it is always much appreciated when they go to the trouble of doing so....
Our invoice finance brokerage service is completely independent and we don't charge our customers to use it. We receive a small commission from the lender in respect of any client that chooses...
We are keen to support customers through the whole process with advice about the options available to them, all discussions are completely confidential....
If we can help you find an invoice finance facility, please call Sean on: 03330 113622 or use the green quote request form on this page....
We will endeavour to deliver the same high level of service to you. We can help with a variety of issues, it's not just about cost savings (although we like to achieve them for clients). If you...
http://www.fundinvoice.co.uk/blog/factoring/post/another-5-star-review-for-fundinvoice.html - Another New Invoice Finance Company
We have been contacted today by someone we have worked with previously that has now started their own invoice finance company. Great news for clients, another option and it's always good to hear...
http://www.fundinvoice.co.uk/blog/factoring/post/another-new-invoice-finance-company.html - Are Your Customers Using Factoring
Factoring is a business finance product that is used by a wide number of UK businesses. It works by releasing cash against unpaid sales invoices, which is called a "prepayment". In addition to the...
If you want to know if your customers and suppliers are already using factoring, there are a number of ways that you may be able to tell. No facility is 100% confidential. The first is that there...
To make things more complicated, some facilities operate on a confidential basis, even if the provision of a credit control service is part of the facility. Confidentiality means that the factoring...
Another way that you can tell if either a supplier or a customer is using factoring is by looking at their Companies House filings. In the majority of cases, factoring companies will take a debenture...
Details of these charges have to be filed at Companies House, for limited liability companies. You can use the search service at Companies House to search for, and view these charges: beta.companies...
Lastly, you sometimes find that there will be a note in the filed financial accounts of a company about using factoring or invoice discounting - again this is not consistent....
The main reason for wanting to know if I customer is using factoring is to understand how good their cash flow may be. If they are already using a facility, they should be getting prepayments against...
http://www.fundinvoice.co.uk/blog/factoring/post/are-your-customers-using-factoring.html - Article About Who Uses Invoice Finance & Factoring
There is a new article on the FundInvoice site: Who Uses Invoice Finance & Factoring?...
The article sizes the UK market penetration of invoice finance and contrasts that with our research findings about the connection between fast growing businesses and the use of invoice finance as a...
http://www.fundinvoice.co.uk/blog/factoring/post/article-about-who-uses-invoice-finance-factoring.html - Asset Based Finance Association ABFA Q1 2010 Figures Published
The latest set of invoice finance industry statistics from the Asset Based Finance Association (ABFA) for Q1 2010 have been published on their website....
They show growth of 8% in client sales volumes in the year to date against the previous year but they also show a decrease of just over 7% in the number of actual clients using invoice finance (now...
The number of import factoring clients (clients based abroad handled from the UK) has decreased dramatically, down by 71%, which probably reflects the withdrawal of some providers from this market...
It seems incredible that the invoice finance client numbers remain so low, when compared to the population of businesses in the UK, as these products are such a flexible way to raise additional...
http://www.fundinvoice.co.uk/blog/factoring/post/asset-based-finance-association-abfa-q1-2010-figures-published.html - Audits Not Liked By Invoice Finance Prospects
Putting aside costs, "funding limits" were the biggest pet hate amongst invoice finance prospects within the SME. The second most common response was "audit". The audit is a visit by the factoring or...
Typically during an audit visit the auditor will check details of the debtor sales ledger operated by the client company (assuming its an invoice discounting facility) and ensure that this matches...
The audit process can place a burden on the client company hence it is on the list of their top pet hates. However, the process and frequency differs between providers and some facilities do not...
http://www.fundinvoice.co.uk/blog/factoring/post/audits-not-liked-by-invoice-finance-prospects.html - Availability of Finance Decreases
In our recent market survey of 100 SME's we asked them how they thought the availability of finance had changed over the last year....
100% of respondents thought that the availability of finance has decreased....
It is striking that all 100 respondents shared the same view....
Despite this, there are finance companies out there that are hungry for business. We were speaking to one company just last week that are taking an agressive approach to looking for new business for...
http://www.fundinvoice.co.uk/blog/factoring/post/availability-of-finance-decreases.html - 35% Average Factoring & Invoice Discounting Cost Savings
Here are some details of the cost savings that FundInvoice LLP have been able to find for clients: Average Factoring & Invoice Discounting Cost Savings....
Overall savings were found for 81% of businesses - that's over 4 out of 5, and on average clients were saved 35% of the total fees that were quoted elsewhere....
Research updated November 2021 - Average 29% saving found over the last 36 months....
http://www.fundinvoice.co.uk/blog/factoring/post/average-factoring-invoice-discounting-cost-savings.html - Average SME Spends 80 Hours Chasing Invoices Each Month
We asked 100 SMEs how much time they spent on credit control each month (assuming 7 working hours each day and 22 working days in the average month) and on average they said that they spent 80 hours...
That's equivalent to almost 11.5 working days each month and equates to 52% of one employee's time....
I just looked up the average salary of a credit control clerk on the web and found an average for the UK of £17,500 per annum - that will be a cost of closer to £20,000 once NI, phone...
That would mean that the average SME could be spending £9,100 (most likely £10,400 once the other costs are added!) on credit control every year. If the business owners are undertaking...
When that cost is offset against the cost of factoring, which normally includes a credit control service, factoring becomes a very attractive cost-saving option....
http://www.fundinvoice.co.uk/blog/factoring/post/average-sme-spends-80-hours-chasing-invoices-each-month.html - Avoid CVA Creditors Voluntary Arrangement With Factoring
If you haven't used your outstanding sales invoices to raise finance you could consider factoring and avoid having to go into a CVA (Creditors Voluntary Arrangement)....
A CVA is an insolvency procedure whereby a company with debt problems enters into an arrangement with its creditors to pay all or some of its debts over a period of time. If you are considering such...
A factoring company is not like a bank - they look at the validity of your sales invoices as their main security, rather than focusing on your financial accounts, credit history and other assets you...
Factoring releases a percentage of the value of your outstanding sales ledger immediately and you can use this to pay your creditors. The balance of the value of your invoices is credited to you when...
So if you are considering a CVA or any other insolvency procedure such as Administration or Liquidation explore all the options and factoring could be one of them....
http://www.fundinvoice.co.uk/blog/factoring/post/avoid-cva-creditors-voluntary-arrangement-factoring.html - Avoiding The Consequences Of Bank Overdraft Restrictions For Start Ups
This is a further analysis of the consequences of bank overdraft restrictions on start up businesses....
My previous article identified a group of 23 start ups within our sample of 100 start ups that had used bank overdraft to fund their new start business and had experienced restrictions....
In all cases they said that the restrictions were because the "bank would not lend enough"....
The consequences of those restrictions, as shown in the diagram above were very problematic for new start businesses - remember that in our sample, 44% of those that used overdraft to fund their new...
In contrast to overdraft, the small proportion (just 2% of our sample of start ups) that used invoice finance to fund their start up said they had all the funding they needed and avoided these...
http://www.fundinvoice.co.uk/blog/factoring/post/avoiding-the-consequences-of-bank-overdraft-restrictions-start-ups.html - Avoiding The New Year Cash Trap
It happens every year, we see an increase in new invoice finance enquiries (factoring and invoice discounting) in the New Year caused by the "New Year Cash Trap" causing cash flow problems....
In the run-up to Christmas customers generally slow down their payments to suppliers, partly due to their own customers slowing down their payments and partly due to staff holidays. This puts an...
The ways to minimise the pressure caused by the New Year cash trap are:...
http://www.fundinvoice.co.uk/blog/factoring/post/avoiding-the-new-year-cash-trap.html - Avoiding The Pitfalls Of Factoring
How to avoid the pitfalls of factoring agreements, our top tips are included within this new article: Avoiding The Pitfalls Of Factoring Agreements...
The article includes advice about avoiding high costs, hidden charges, choosing the right provider and avoiding a misuse of funds from factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/avoiding-the-pitfalls-of-factoring.html - Beat Any Quote By 10%
There are still invoice finance companies in the market that are prepared to be bold and have said to us that they will look to beat any quote that our clients have by 10% for quality deals! So if...
http://www.fundinvoice.co.uk/blog/factoring/post/beat-any-quote-by-10.html - Benefits Of Factoring
Comment about the benefits of factoring from a client we surveyed: "... works well, far better than overdraft as it grows with you and you have control over it"....
An overdraft is normally set for a particular amount and it does not necessarily grow as the turnover of the business grows. Factoring, is different as it is linked to the size of the invoices that...
The more the invoices you raise, the more funding you receive....
http://www.fundinvoice.co.uk/blog/factoring/post/benefits-of-factoring.html - Businesses Don't Understand How Easy It Is To Get Invoice Finance
The invoice finance brokerage is continually being approached by factoring and invoice discounting companies with money to lend and it is very rare that we are unable to help a client get invoice...
So in our latest invoice finance research survey, amongst 100 randomly selected SMEs, we wanted to find out if businesses realised how comparitively easy it was to get invoice finance so we asked...
Just 7% of respondents thought that it would be easier to get invoice finance than to get an overdraft!...
What a startling result that reveals an enourmous gulf between reality and the perceptions of businesses....
http://www.fundinvoice.co.uk/blog/factoring/post/bhow-easy-to-get-invoice-finance-overdraft.html - Bibby Financial Services Vision 2020
We have just returned from an excellent breakfast presentation, hosted by Bibby Financial Services where Jon Charsley, the Head of Sales from their Hastings office, outlined the Bibby Vision for 2020...
The presentation was preceeded by an overview of the UK business environment and insolvency in the UK by Brian Johnson, Business Recovery and Insolvency Partner at Fisher Partners. Brian's...
The Bibby vision included growth in the number of smaller companies as businesses avoid the red tape associated with large numbers of employees and numerous small enterprises spring up within the UK...
As ever the invoice finance sector stands poised to assist these new small businesses with start-up capital. Similarly, if businesses are under pressure from the HMRC factoring can release the cash...
Our thanks to the team at Bibby for a very engaging morning and thank you also for the great bacon muffin!...
http://www.fundinvoice.co.uk/blog/factoring/post/bibby-financial-services-vision-2020.html - BMF Awards Tomorrow Night
Tomorrow night is the awards ceremony for the Business Moneyfacts Awards 2018, at the Royal Lancaster Hotel, in London....
FundInvoice are pleased to have been confirmed as Finalists for "Best Invoice Finance Broker 2018". This will mark the fourth year running that we have been shortlisted for a BMF Award, an...
The event is a black tie gala dinner, followed by entertainment. It is the largest business awards ceremony in the UK, so we are proud to be participating....
This year Sean Morrow, my business partner, won't be able to make it, as he has managed to break his foot. Lee Morrison, my good friend from In Association that provide the full range of...
We do still have a spare ticket for the event if anyone needs one?...
http://www.fundinvoice.co.uk/blog/factoring/post/bmf-awards-royal-lancaster-london-hotel-2018.html - Borrowing Rates Not As They Might Seem?
Whilst the government has the expectation that recent cuts in base rate will help UK businesses, there are a few "terms and conditions" that might mean that the full effect of any cuts might not be...
http://www.fundinvoice.co.uk/blog/factoring/post/borrowing-rates-not-as-they-might-seem.html - Breached Your Factoring Facility Do Not Panic!
A "breach" of your factoring facility means that you have contravened one or more of the rules set out in you factoring agreement. This can result in your factor suspending further funding or even...
http://www.fundinvoice.co.uk/blog/factoring/post/breached-your-factoring-facility-dont-panic.html - Bringing Credit Control Back In House After Using Factoring
An interesting question was recently raised on our research group regarding bringing credit control (credit management) back in-house after having used factoring....
Please read our general guidance about leaving factoring....
You may be making this change for a number of reasons, including:...
Whatever the reasons, the process has some issues to be considered to ensure that all runs smoothly. Failing to get the process right could lead to to a major cash flow problem if your customer...
It is vital that you speak to your factoring company and work with them towards your goal, you cannot just change the process without consulting them....
If you are using funding from your factoring facility that needs to be replaced with an alternative. This could be an invoice discounting style facility, where you still receive funding but you...
Alternatively, you may want to consider other funding options, such as a business loan. However, that type of finance will work on a reducing basis i.e. it is paid off over time, whereas invoice...
The most obvious issue will be the need to replace the outsourced credit control process with an in-house version. You will need someone, or a team to handle the work, and a robust process put in...
We have a free guide that sets out how to structure your own credit control process....
With factoring all debtor payments are normally received into an account, controlled by the factoring company. If you move away from factoring payments from debtors will either need to be redirected...
There can be delays caused by payments still going to the wrong place that can once again put a strain on your cash flow....
If you are considering this process call Sean on 03330 113622, and he will talk your through the options when bringing your credit control back in-house....
http://www.fundinvoice.co.uk/blog/factoring/post/bringing-credit-control-back-in-house-after-factoring.html - Business Climate And Invoice Finance Market Survey Completed
Our recent piece of research the Business Climate & Invoice Finance Market Survey has now been completed and the results are ready to be published from tomorrow onwards. The research involved a...
http://www.fundinvoice.co.uk/blog/factoring/post/business-climate-invoice-finance-market-survey-completed.html - Business Climate & Invoice Finance Market Survey Nearly Finished
Our Business Climate & Invoice Finance Market Survey is nearly finished. We should have it finished by the end of today and be in a position to start publishing the results of the research from...
http://www.fundinvoice.co.uk/blog/factoring/post/business-climate-invoice-finance-market-survey-nearly-finished.html - Business Finance With Poor Credit Or CCJs
Factoring can provide business finance even where the directors, or the business, has previous poor or adverse credit history (even CCJs - County Court Judgements). Unlike most bank finance, with...
Further Information About Funding Despite CCJs...
http://www.fundinvoice.co.uk/blog/factoring/post/business-finance-with-poor-credit-ir-ccjs.html - Businesses Prefer Tariff Invoice Finance Charges Over Fixed Fee
Another question from our recent invoice finance research survey where we questioned 100 randomly selected SME businesses (Small and Medium Sized Enterprises)....
We wanted to find out the view on fixed fee deals which are being offered by several factors at the moment. Indeed we have completed such deals ourselves with various factors but we wanted to gauge...
Therefore, we asked "For businesses that use invoice finance, do you think that they would prefer an all inclusive single charge for the service or a tariff of charges where they pay for specific...
The result was that 74% of businesses said that they thought a tariff of charges would be preferred and the remaining 26% said that they would prefer a single fixed fee. Clearly there is a market for...
http://www.fundinvoice.co.uk/blog/factoring/post/businesses-prefer-tariff-invoice-finance-charges-fixed-fee.html - Calculator Comparing Overdraft Costs with Factoring
The Factoring Cost Savings Calculator we put up that showed the cost benefits that could be achieved by using Factoring and offsetting the costs against the savings that could be made in terms of...
We are now working on a similar calculator that will compare those same cost savings, made through using factoring, with a traditional bank overdraft facility. This will be published shortly so watch...
http://www.fundinvoice.co.uk/blog/factoring/post/calculator-comparing-overdraft-costs-with-factoring.html - Calculator Factoring Cost Benefits Against Bank Overdraft
This factoring calculator compares the cost benefits of using a full factoring service with those delivered through a bank overdraft. it demonstrates numerous benefits that are often overlooked:...
This is a case study showing how FundInvoice helped a web advertiser find factoring in order to deliver such benefits: Case study of factoring being used by a web advertising company....
http://www.fundinvoice.co.uk/blog/factoring/post/calculator-factoring-cost-benefits-against-bank-overdraft.html - Can You Have Invoice Finance And An Overdraft
Yes, you can have invoice finance and an overdraft from a bank. In fact, our recent research amongst a sample of invoice finance users found that 30% of them used some combination of invoice finance...
In some cases, where a client is currently funded by overdraft and may wish to move to invoice finance, the bank will provide a waiver over any charge or debenture that they hold to release the book...
It is also common for some funds from the invoice finance initial payout to be used to partially, or fully, repay an existing bank overdraft. This is because invoice finance can often release more...
http://www.fundinvoice.co.uk/blog/factoring/post/can-you-have-invoice-finance-and-an-overdraft.html - Case Study About Selective Spot Factoring Without Tie Ins
Here is a case study about selective spot factoring without any tie ins so the client can choose which invoices to factor: Selective Spot Factoring Case Study...
The benefits of spot factoring are that the business can choose which invoices they want to get funding against and they are under no obligation to factor all of their invoices. This keeps the cost...
Our research suggested that 37% of businesses would prefer a selective invoice finance facility over a whole turnover agreement (which requires all invoices to be submitted for consideration for...
http://www.fundinvoice.co.uk/blog/factoring/post/case-study-about-selective-spot-factoring-without-tie-ins.html - Case Study - Factoring For Care Home Staff Recruitment Agency
Just added a new factoring case study about providing funding to a care home staff recruitment agency: Case Study - Factoring For A Care Home Staff Recruitment Agency...
http://www.fundinvoice.co.uk/blog/factoring/post/case-study-factoring-for-care-home-staff-recruitment-agency.html - Case Study Selective Factoring For Hospitality Sector
Another case study has been added showing how selective debtor factoring was used to fund a company selling to the hospitality sector: Selective Debtor Factoring....
Selective Debtor Factoring allows the customer to choose certain debtors to include within the financing arrangement. In this was they can control the cost but avoid some of the hassles of selecting...
http://www.fundinvoice.co.uk/blog/factoring/post/case-study-selective-factoring-for-hospitality-sector.html - Case Study Small Business Confidential Factoring Credit Control Service
New case study from FundInvoice, about confidential factoring, provided to a small business turning over less than £100K per annum, that needed professional credit control support, under the...
See also our article: Invoice Factoring For Small Business Customers....
http://www.fundinvoice.co.uk/blog/factoring/post/case-study-small-business-confidential-factoring-credit-control-service.html - Case Study - Too Small For Your Factoring Company?
This new case study explains how FundInvoice helped a small company using #factoring that suddenly fell below the size criteria for their existing factoring company: Too Small For Your Factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/case-study-too-small-for-your-factoring-company.html - Cash Flow Is The Second Biggest Issue Facing SME Businesses
In my previous post I mentioned that 49% of SMEs said that the biggest issue facing their business over the course of the next year was having insufficient cash....
A further 22% of respondents, the joint second largest category, said that "cash flow" was the biggest issue facing their business over the next year....
This means that when combined, 71% of SME businesses see the biggest issue for their business being cash related - and something that could be erradicated through using a cash flow product such as...
http://www.fundinvoice.co.uk/blog/factoring/post/cash-flow-is-the-second-biggest-issue-facing-sme-businesses.html - Cattles Invoice Finance relaunched as Absolute Invoice Finance
It has been reported that Cattles plc have now completed the sale of their invoice financing arm, Cattles Invoice Finance to AnaCap Financial Partners. This puts an end to all the speculation about...
http://www.fundinvoice.co.uk/blog/factoring/post/cattles-invoice-finance-relaunched-as-absolute-invoice-finance.html - Cattles Invoice Finance Sale Agreed
Recent reports are that Cattles plc have now agreed terms with AnaCap Financial Partners for the conditional sale of Cattle's invoice financing arm, Cattles Invoice Finance. This could be good...
http://www.fundinvoice.co.uk/blog/factoring/post/cattles-invoice-finance-sale-agreed.html - Cheap Factoring And Cheap Invoice Discounting
Cheap factoring and cheap invoice discounting are often what prospective clients think they want....
We often initially speak to clients who say they are seeking selective factoring or spot factoring, and we can find that for them, but once you get into the details it often emerges that they asked...
If a client wants as much funding as possible, for as long as they can keep it, whole turnover factoring and whole turnover invoice discounting are often the best options for them as there is...
There is another popular misperception about "whole turnover" that it is not possible to exclude certain invoices or debtors and hence avoid paying the factoring charges on them. That is very...
The other issue with seeking the cheapest possible factoring or invoice discounting is the service you will receive. Clients often don't consider how close the relationship between the invoice...
If you want the cheapest factoring deal or the cheapest invoice discounting quote, we can find that for you, but spare a thought for the quality of what you are buying. We have surveyed the clients...
http://www.fundinvoice.co.uk/blog/factoring/post/cheap-factoring-and-cheap-invoice-discounting.html - Cheap Factoring for Small Businesses
http://www.fundinvoice.co.uk/blog/factoring/post/cheap-factoring-for-small-businesses.html - Clients Ideas About Improving Their Factoring or Invoice Discounting Facility
These are the ideas that clients came up with to improve their existing factoring or invoice discounting facility: Factoring & Discounting Client Ideas...
You will see that the main issue is cost with 16% saying nothing at all....
Of all the suggestions given, there really aren't any that they couldn't solve with access to the full range of facilities that are freely available across the industry. We always talk...
The topic is also being debated on the LinkedIn Group - UK Invoice Finance Research...
http://www.fundinvoice.co.uk/blog/factoring/post/clients-ideas-about-improving-their-factoring-or-invoice-discounting-facility.html - Clients Sales Grow With Factoring And Invoice Discounting
Looking further into the ABFA (Asset Based Finance Association) statistics to March 2012 for factoring and invoice discounting in the UK (amongst their members) there was an increase in client's...
http://www.fundinvoice.co.uk/blog/factoring/post/clients-sales-grow-with-factoring-invoice-discounting.html - Clients Using Factoring, Quotes About Credit Control
From my recent article about the reasons clients gave for choosing their invoice finance facility, these are quotes directly concerning credit control and invoice collections from clients that were...
http://www.fundinvoice.co.uk/blog/factoring/post/clients-using-factoring-quotes-about-credit-control.html - Close Invoice Finance Launch Guide - How To Grow Your Business
Close Invoice Finance, one of our funding partners, has published a new guide titled "How To Grow Your Business". The free guide covers:...
If you would like a quotation from Close Invoice Finance and/or any other invoice finance, factoring or invoice discounting companies please contact us....
NOTE: THE GUIDE IS PRODUCED BY CLOSE INVOICE FINANCE AND AS SUCH GLENN BLACKMAN CAN'T TAKE ANY RESPONSIBLITY FOR THE ACCURACY AND COMPLETENESS OF THE INFORMATION IT CONTAINS...
http://www.fundinvoice.co.uk/blog/factoring/post/close-invoice-finance-free-guide-how-to-grow-your-business.html - Commercial Finance People Were Kind Enough To Say . . .
Prue Heron of Commercial Finance People, the publishers of the ENewsletter Commercial Finance Today was kind enough to give the following testimonial in respect of the articles that I have written...
'Glenn has been submitting articles for our monthly ENewsletter ?Commercial Finance Today? for some time now and we are delighted to report that our statistics show that his contributions...
Prue HeronCommercial Finance People...
http://www.fundinvoice.co.uk/blog/factoring/post/commercial-finance-people-were-kind-enough-to-say.html - Compare A Loan With Factoring Options
The number of finance businesses that just send out their email marketing to all and sundry, without any opt-in is staggering. It is not just small businesses, we get inundated with multiple email...
I have just had another email from one business loan provider, offering up to £100K, for up to a year, so I had a quick look at their site to compare a loan with factoring. They have, what I...
It made me look at the comparison with factoring. So taking one of the examples of the cost of factoring from our website, of a 140K loan, the combined charges worked out at about 7.7% per annum of...
These are the pros and cons of the loan compared with factoring, explained in simple terms:...
http://www.fundinvoice.co.uk/blog/factoring/post/compare-a-loan-with-factoring.html - Comparing Overdraft Funding Levels to Invoice Finance, Invoice Discounting And Factoring
For some time we have been seeking figures that will demonstrate statistically the increased levels of funding that invoice finance, factoring and invoice discounting release over and above that...
We conducted some research amongst SMEs (Small and Medium Sized Businesses) and we asked them firstly if they had an overdraft and secondly, if the proportion of their outstanding sales ledger that...
Looking at the ABFA invoice finance statistics for the second half of this year, pure invoice finance advances represented some 42% of debtor outstandings amongst the clients of members of the ABFA....
This demonstrates the increased amount of funding that can be released using invoice finance over and above that provided by bank overdraft facilities....
http://www.fundinvoice.co.uk/blog/factoring/post/comparing-overdraft-funding-levels-to-invoice-finance.html - Competition Amongst Factoring And Invoice Discounting Companies On Prices Increases
We have noticed an increase in the level of competition regarding quoting for factoring and invoice discounting between factoring & invoice discounting companies over recent months. Over the last...
http://www.fundinvoice.co.uk/blog/factoring/post/competition-amongst-factoring-invoice-discounting-companies-on-prices-increases-cashflow-acceleration.html - Confidential Factoring Credit Control Funding And Confidentiality
Confidential Factoring could be the right product for a business that wants the funding that factoring can provide and the credit control service but doesn't want their customers to know that...
With Confidential Factoring the factor chases customers in the name of your business (an outsourced credit control service) and provides a specific phone number that customers can call that will be...
If you would like more information please see contact us....
http://www.fundinvoice.co.uk/blog/factoring/post/confidenial-factoring-funding-confidentiality-credit-control.html - Confidential Factoring Credit Control
Factoring has benefits such as having your sales ledger chased by a professional credit controller, however some clients are worried that they don't want their customers to know that they are...
You also get the benefit of the funding generated against your unpaid sales invoices....
http://www.fundinvoice.co.uk/blog/factoring/post/confidential-factoring.html - Confidential Factoring Launched
Another of our funding partners have just announces the launch of a Confidential Factoring service. Confidential factoring gives the client the benefits of an outsourced credit control service but...
http://www.fundinvoice.co.uk/blog/factoring/post/confidential-factoring-launched.html - Construction Factoring Finance
Construction Factoring Finance can enable businesses in the construction sector to raise up to 70% funding against their outstanding sales invoices, with the balance paid (after charges) when the...
Businesses with a CIS UTR number, those that make uncertified applications for payment and businesses that are involved with stage payments can all be eligible for funding using this unique service....
See our free: Guide To Construction Sector Finance and full product details are here: Construction Finance....
http://www.fundinvoice.co.uk/blog/factoring/post/construction-factoring-finance.html - Construction Finance Choices For Clients Have Grown
Going back a few years the invoice finance companies that would fund construction based businesses were few and far between but in recent times the number of funding choices available to the...
Some of the options available to construction sector companies include: Invoice Discounting, Factoring, contracts without a minimum term, all inclusive fees and selective funding against particular...
So the options to fund construction projects have grown and funding can be made available against staged payments and even uncertified applications for payment....
Good news for our clients within the construction sector....
http://www.fundinvoice.co.uk/blog/factoring/post/construction-finance-choices-for-clients-have-grown.html - Cost Benefits Of Credit Control Outsourcing
I am just putting together some information on the benefits of credit control outsourcing, and the potential cost savings are huge....
More details will follow, but using an example of a £750K + VAT turnover business, just the salary savings by not having your own credit controller, could be in the order of 65%! I will post up...
http://www.fundinvoice.co.uk/blog/factoring/post/cost-benefits-of-credit-control-outsourcing.html - Cost of Business Finance Increases
More from our recent market survey of 100 SME's regarding Business Climate in the UK and Invoice Finance. We asked them if they thought that the cost of business finance generally has changed...
86% of SMEs thought that business finance was more expensive and 14% thought it had stayed the same. Not one out of 100 businesses thought it had decreased!...
Fortunately some of our clients have bucked that trend as we have still been able to achieve savings of 30% of costs in some cases for clients....
http://www.fundinvoice.co.uk/blog/factoring/post/cost-of-business-finance-increases.html - Cost of Business Finance Rises
86% of SMEs (Small and Medium Sized Businesses) that we spoke to said that they thought that the cost of business finance had increased over the last year....
The remaining 14% thought that costs had stayed the same - interestingly noone thought that the cost of business finance had decreased....
Despite this our free search service for invoice finance quotations has continued to be able to cut the cost of business finance for the majority of the businesses that we have spoken to. It may be...
http://www.fundinvoice.co.uk/blog/factoring/post/cost-of-business-finance-rises.html - Cost Savings To Move Invoice Finance Companies
Invoice finance "cost savings" were the key requirement that existing invoice finance clients said they needed in order to move invoice finance companies. These results came from FundInvoice's...
We asked them "would anything make you move to an alternative invoice finance company?". Only 5% said they wouldn't move but the remaining 95% stated what would motivate them to move. Of the...
This suggests that existing invoice finance users are generally getting what they need from their provider but their main concern is over saving money on the cost of their factoring or invoice...
http://www.fundinvoice.co.uk/blog/factoring/post/cost-savings-to-move-invoice-finance-companies.html - Why Are The Credit Control Benefits of Debtor Factoring Overlooked?
I have been looking around the blogosphere and have been surprised at the number of times that industry commentators focus only on the finance related benefits of debtor factoring without considering...
An integral part of debtor factoring is that the factoring company takes on the task of collecting the outstanding sales invoices of the business. This involves, sending out statements, chasing...
The benefit that is often overlooked is that a credit control service is included in the cost of debtor factoring and using this service can mean that the client doesn't need to employ their own...
http://www.fundinvoice.co.uk/blog/factoring/post/credit-control-benefits-of-debtor-factoring.html - Criteria To Qualify For Invoice Finance
The basic criteria to qualify for invoice finance are very simple: 1) You are a business that raises credit invoices to other businesses. It is really as simple as that. Certain specific products...
http://www.fundinvoice.co.uk/blog/factoring/post/criteria-to-qualify-for-invoice-finance.html - Crowdfunding Comments
I posted a while back about comments being posted on a Facebook advert for Crowdfunding, these have continued to appear, following exactly the same pattern - a belief that businesses turning over...
1) If a business has £100K pa turnover, it invoices £8,333 per month. On average terms of 30 days credit, that could take 60 days to get paid....
2) If we take a manufacturing business as an example, it will have to manufacture the goods prior to being able to even raise the monthly invoices....
3) if we assume an average gross profit margin of 50%, that means they will need to lay out £4,166 to cover the cost of raw materials prior to raising the invoices....
4) In addition, there will be other expenditures required each month such as rent, electricity, staff costs etc. As with anything, the timing of the payment of these costs is not guaranteed to fall...
5) Even at 15% net profit, and ignoring all the other timing, growth and investment issues, the business needs 85% of its monthly income, just over £7K, available to meet its monthly costs and...
6) If the business is also growing, that will further exasperate the cash flow issues. Put simply, if the business were to increase its turnover by 25% during the month it would have to fund raw...
So a turnover of £100K pa really is no assurance of the liquidity of a business and it is highly likely that a business of that size will either need investment capital or funding from some...
http://www.fundinvoice.co.uk/blog/factoring/post/crowdfunding-comments.html - Dawn of the Era Of No Money Begins
An interesting post in the Times Online today "Welcome to the era of no money"....
It seems like at last the inevitable for our economy has become apparent, the "consumer spending era" cannot continue indefinitely (surprise, surprise!) despite the current desperate attempts to...
The high levels of consumer spending that have fuelled our economy have been supported by the availability of easy credit and ever rising house prices which created a feeling of "economic...
I think that the factoring industry is going to come into its own during this period. Already we are seeing dramatic increases in the levels of new factoring enquiries coming through and there is...
http://www.fundinvoice.co.uk/blog/factoring/post/dawn-of-the-era-of-no-money.html - Deal Completed 10 Percent Factoring Cost Saving 100 Percent Relationship Improvement
Its not all about cost savings but in this case we were able to combine cost savings with an improvement in the client's relationship with their funder....
The client was a printer who was unhappy with their existing bank owned invoice finance company as they felt they received no personal service and the recourse factoring facility was too expensive....
We were able to help them switch to an alternative factoring company who were able to save them 10% on the fees that they were paying to their existing bank owned factoring company. When we spoke to...
It costs you nothing for us to find you an alternative quote and you have no obligation to go ahead....
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-10-factoring-cost-savings-100-relationship-improvement.html - Deal Completed CVA Business Non Recourse Factoring
Here is the latest of our series of deals recently completed. A recruitment company with a turnover in excess of £2,500,000 per annum entered a CVA (Creditors Voluntary Arrangement) and their...
A CVA is a legal procedure, administered by a qualified insolvency practitioner, whereby a company that is insolvent reaches an agreement with its commercial creditors to repay all or part of its...
We were able to find this recruitment company an alternative non recourse factoring facility from a factoring company that were prepared to support them through the CVA....
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-cva-non-recourse-factoring.html - Deal Completed Factoring For A Printing Company
We were recently able to help a printing company that were struggling with their business cash flow. Their bank overdraft was no longer sufficient to meet their need for working capital and their...
We were able to find them a factoring facility with a factoring company backed by a major bank. The factoring facility will release cash against their unpaid invoices immediately and give them the...
Factoring companies can often achieve a better debt turn than their clients are able to achieve on their own. This is partly because factoring companies have dedicated, professional credit control...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-for-a-printing-company-2.html - Deal Completed Factoring For A Recruitment Company
Some deals are straightforward! Like this recruitment business, turning over £1.7 million a year, thar we just found a non recourse factoring service. They wanted factoring to finance growth...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-for-a-recruitment-company.html - Deal Completed Factoring For A New Start Up
Following our recently published market research regarding funding for start ups we have just completed a recourse #factoring deal for a new start up business....
The start up factoring facility will fund the growth of this new business that is already projecting multi-million pound turnover in its first year....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-for-a-start-up.html - Deal Completed Factoring For A Training Company Helps With Credit Control
In this case study, we were able to assist a London based training company who were using overdraft rather than invoice finance. They needed working capital, some of which was being provided by an...
We found them a recourse factoring facility that will provide both the working capital funding and a credit control support function to help collect in their overdue debts. The other benefit of their...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-for-a-training-company-helps-with-credit-control.html - Deal Completed Factoring For Recruitment Company Growth
I publish details of a selection of the #factoring deals that we complete through our invoice finance brokerage and a recent example was this recruitment company with a turnover of £1,700,000...
The recruitment sector is a classic user of factoring companies as they need to pay their staff before they get paid by their customers. Factoring bridges the gap by providing funding (initial...
In the case of this particular recruitment company, we were able to find them a non-recourse factoring facility that will fund their growth and protect the business against bad debts....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-for-recruitement-company-growth.html - Deal Completed Factoring Replaces Reduced Bank Overdraft
We have seen more and more examples of restrictions in bank overdrafts recently and this particular client experienced that same issue. The client was involved with plant and staff hire and they were...
We carried out a free, independent factoring quotation search for them and found them an alternative factoring facility that would make up the shortfall in their working capital funding requirements...
It is often the case that factoring can provide more funding that would be available through bank overdraft as the factoring companies will look to your outstanding unpaid sales invoices as security...
There can be substantial differences between the level of funding generated from a bank overdraft and factoring. If you look at the part 1 summary of our market research, we found that funding from...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-replaces-reduced-bank-overdraft.html - Deal Completed Factoring Steel Stockholder
Our surveys repeatedly suggest that most #factoring clients are happy with their factoring arrangements but for the minority that is not the case....
We were recently able to assist a steel stockholding business turning over circa £2 million per annum that were not happy with their existing factoring company. They felt that the credit...
We were able to find that steel stockholder an alternative factoring company that were able to agree parameters with the client regarding the collections activity and ensure that they don't...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-factoring-steel-stockholder.html - Deal Completed Improved Service Switched From Bank Owned Factoring Company
We have recently been able to find an invoice finance deal for a client that were using a bank owned factoring company but were not happy with the service that they were receiving. The company was...
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-improved-service-switched-from-bank-owned-factoring-company.html - Deal Completed Jewellery Supplier New To Factoring
We are regularly able to help businesses that are new to factoring such as a #factoring deal that we completed recently for a Glasgow based jewellery supplier....
They were new to factoring but needed funding to support a new product offering. We completed a free, independent quotation search for factoring on their behalf and introduced them to a factoring...
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-jewellery-supplier-new-to-factoring.html - Deal Completed Non Recourse Invoice Finance For A Haulage Business
We thought it might be useful to put up details of a selection of the invoice finance deals that we complete to demonstrate the wide range of businesses that we are able to assist with their cash...
We have recently completed a non recourse invoice finance deal for a haulage business that was turning over just under £2 million per annum. We helped the client move from a bank owned...
More deals to follow . . ....
Another case study - an example of a factoring cost saving for a haulage company....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-non-recourse-invoice-financ-for-a-haulage-business.html - Deal Completed Recourse Factoring For A Design & Marketing Studio
Another recourse factoring case study of a recently completed deal:...
This time we found a recourse factoring facility for a small design and marketing studio that wanted to improve their cash flow in order to fund business growth....
Recourse factoring will release funds against their sales invoices as they raise them allowing them to immediately use those funds for any purpose. In many small businesses the sales ledger of...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-design-marketing-studio.html - Deal Completed Recourse Factoring Executive Car Service
Often we are able to help a small business improve their cash flow in order to grow their business. This recent case of a completed recourse factoring deal was an example of that....
A small Executive Car Service business needed recourse factoring for growth and we completed a free factoring quote search for them and arranged a recourse factoring facility that will support them...
More to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-executive-car-service.html - Deal Completed Recourse Factoring For A Greetings Cards Supplier
Another deal completed - this time we managed to find a recourse factoring facility for a greetings cards supplier, with annual turnover of just under £400,000 who were looking for some cost...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-for-a-greetings-cards-supplier.html - Deal Completed Recourse Factoring For An Accountancy Practice
Accountants were not historically prime customers for factoring companies but that has changed in recent times. Accountancy practices are now able to access recourse factoring as the list of eligible...
We have recently completed a recourse factoring facility, with one of our factoring company partners, for a Leicestershire based accountancy practice turning over £400,000 per annum....
More recourse factoring deals to follow....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-for-an-accountancy-practice.html - Deal Completed Recourse Factoring For Archaeologists
A very strange #factoring deal that we completed recently! Recourse factoring for a firm of archaeologists!...
They were looking for working capital to fund the growth of their business and we found them a recourse factoring facility that would do that. Recourse factoring will give the client the benefit of a...
Not a conventional sector for the invoice finance industry but there is nearly always a business out there that will fund any type of service or product through invoice finance and factoring....
Hope you like my attempt at a velociraptor dinosaur!...
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-for-archaeologists.html - Deal Completed Recourse Factoring For Plant Hire Growth
Another deal just completed for a plant hire company turning over £400K per annum. We were able to find them a recourse factoring facility to support and fund their future growth....
Recourse factoring combines an intial payment against invoices as they are raised with a collection and credit control service whereby the factoring company collects in your outstanding sales...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-recourse-factoring-for-plant-hire-growth.html - Deal Completed Substantial Fee Reduction Non Recourse Factoring
Another recent factoring deal completed - non recourse factoring for a health and beauty products importer....
We found them a non recourse factoring deal that allowed them to move from their existing bank owned factoring company to an independent factoring company that were able to offer them a substantial...
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-substantial-fee-reduction-non-recourse-factoring.html - Deal Completed Supplier of Mats Non Recourse Factoring Improved Credit Control
This client seldom borrowed money from their bank owned factoring company but they were looking for an improved deal in terms of the service charge that they paid for their factoring and the quality...
Where a company isn't borrowing significant amounts or even any funds, the collections service is absolutely key as it can enable a business to manage without/with minimal dedicated credit...
We were able to find this client a non recourse factoring facility with a full collections service and protection against bad debts at an improved cost from their existing factoring facility....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-supplier-of-mats-non-recourse-factoring-improved-credit-control.html - Deal Completed Switch From Overdraft To Recourse Factoring
We were recently able to help a designer of ladies clothing that was turning over £200,000 finance their working capital requirements. When we spoke to them they had an overdraft from a bank...
We were able to find the business a recourse factoring deal that would enable the level of funding to grow in line with their sales turnover. The more invoices they raise the more funding is released...
If you need a quotation to finance your business please contact us free of charge, without obligation....
More alternatives to overdraft to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-switch-from-overdraft-to-recourse-factoring.html - Deal Completed Working Capital For A New Start Consultancy
It can often be difficult for a new start business to raise working capital. Banks tend to require some form of security in order to offer substantial overdrafts of loans and with a new start up...
We were recently able to help a new start up IT consultancy business meet their funding requirements by introducing them to a factoring company that were prepared to fund both a start up business and...
As a result the business now has a recourse factoring facility that will provide working capital for their new start venture....
If you need a quotation to finance your business please contact us free of charge, without obligation....
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/deal-completed-working-capital-for-a-new-start-consultancy.html - Debt Collection and Debt Recovery
We have had an increasing number of requests through the invoice finance brokerage for debt collection and debt recovery services. In response to this we now have a reputable provider that are able...
http://www.fundinvoice.co.uk/blog/factoring/post/debt-collection-and-debt-recovery.html - Debt Factoring Predictions for 2010
As we enter 2010 it seems a good time to think about what is likely to change in the debt factoring and invoice discounting markets during the course of the year....
Recent reports suggest that there has been a very modest uplift in the economy - 0.1% growth - hardly impressive by any standards, but possibly an end to the recession. It remains to be seen how much...
Market conditions still seem tough and there are other issues such as the prospect of rising interest rates, inflation, the loss of the car scrappage scheme and the increase in the rate of VAT that...
Predictions for the debt factoring market for the rest of 2010 include:...
More predictions for 2010 tomorrow....
http://www.fundinvoice.co.uk/blog/factoring/post/debt-factoring-predictions-for-2010.html - Definitions: What Is Debt Factoring?
Looking on the web there are some pretty poor definitions of what debt factoring is on some very well known sites....
See my definition: What Is Debt Factoring?...
http://www.fundinvoice.co.uk/blog/factoring/post/definitions-what-is-debt-factoring.html - Detailed Breakdown Of Cost Of Factoring Estimate Expectations
The details of our research results into what percentage of turnover customers expect to pay for factoring (their estimates of the costs) are as follows:...
The actual cost will vary between businesses but the majority of respondents have estimated the cost of factoring to be 5% or more, which may be an over estimate in many cases. The only way to know...
http://www.fundinvoice.co.uk/blog/factoring/post/detailed-breakdown-of-cost-of-factoring-estimate-expectations.html - Detailed Breakdown Of Cost Of Invoice Discounting Estimate Expectations
Following on from my previous post about factoring costs, below are the details of our research results into what percentage of turnover customers expect to pay for invoice discounting (their...
The most noticable thing that jumps out from these numbers is that every respondent estimate the cost of invoice discounting to be half the cost of factoring. This may not always be the case, our...
http://www.fundinvoice.co.uk/blog/factoring/post/detailed-breakdown-of-cost-of-invoice-discounting-estimate-expectations.html - Difficulty Finding The Finance To Start An Invoice Finance Factoring And Invoice Finance Company
Post moved here: https://www.fundinvoice.co.uk/blog/factoring/post/difficulty-finding-the-funding-to-start-an-invoice-finance-factoring-invoice-finance-company-2.html ...
http://www.fundinvoice.co.uk/blog/factoring/post/difficulty-finding-the-funding-to-start-an-invoice-finance-factoring-invoice-finance-company.html - Difficulty Finding The Funding To Start A Factoring Company
There have been numerous new entrants into the invoice finance market recently with more new start invoice finance companies rumoured to be planned. All positive for us as it gives our clients more...
Those that want to set up an invoice finance company seem to fall into two groups, the "haves" and "have nots". The "haves" have the contacts to access multi-million pound funding lines from...
Sadly, there are several talented individuals within the invoice finance industry that want to start factoring and invoice finance companies on their own but don't have contacts with the...
If you are interested in funding a new start invoice finance company or you want to start one get in touch in confidence and perhaps we can put parties together....
http://www.fundinvoice.co.uk/blog/factoring/post/difficulty-finding-the-funding-to-start-an-invoice-finance-factoring-invoice-finance-company-2.html - Do You Have A Complaint About Your Invoice Finance, Factoring Or Invoice Discounting Company
Complaints - if you have a complaint about your invoice finance, factoring or invoice discounting facility we would like to hear from you as we can help you find alternative sources of funding. The...
These are some complaints that we sometimes hear from prospective clients together with details of what we can do to help:...
The price of an invoice finance facility is normally composed of three components, the service charge/administration charge (normally a percentage of turnover or a fixed cost), discount charge...
We will happily check your current invoice finance costs against alternative providers and you can either consider moving to an alternative invoice finance company or you can try an renegotiate with...
Funding is normally driven by a formula - this may be a percentage of outstanding invoices but there may also be other restrictions such as funding limits, credit limits, prime debtor restrictions or...
Once again funding varies dramatically between invoice finance companies and different products. We can help you find alternatives....
Again the relationship that a client has with the staff of an invoice finance company varies dramatically between different providers. In some cases, one person will deal with all aspects of a...
Occasionally we will hear this from a prospective client so we put together an article which explains: 10 Steps To Leave / Get Out Of Factoring. Remember there are alternative products to factoring -...
Where you have a factoring facility the factoring company will normally undertake the credit control or invoice collection function for you. Many clients are very happy with this service and it helps...
Again what is included in the credit control service will vary dramatically between different factoring companies. Some offer a fully comprehensive service that will enable you to rely on their staff...
If the service you are receiving from your factoring company is not up to scratch speak to us and we will be able to find you alternatives where you can speak to existing clients to check the quality...
Where you have bad debt protection (sometimes called non-recourse) added onto your invoice finance facility the financier will write credit limits on your debtors. The amount of the credit limit is...
The level of credit limits written on debtors differs between providers. It will depend upon how they write their limits (some re-insure through a credit insurance company, some take the risk...
As covered above, the funding formula will differ between invoice finance companies. Just because you have a particular prime debtor restriction with your existing provider does not mean that the...
When cash or debtor payments are received by your invoice finance company in some cases e.g. factoring, they will be operating the sales ledger for you and they will allocate those payments to the...
The factors ability and approach to allocation of cash will vary between providers - if cash allocation is a problem we may be able to find you an alternative provider that can solve that problem for...
If you really cannot find a solution to your complaint, and your invoice finance company is a member of UK Finance they have a new code of conduct for members and an ombudsman-supported complaints...
However, most of the problems and complaints we hear about invoice finance, factoring and invoice discounting companies are able to be solved by alternative products or alternative providers. All...
http://www.fundinvoice.co.uk/blog/factoring/post/do-you-have-a-complaint-about-your-invoice-finance-factoring-or-invoice-discounting-company.html - Earn Money By Linking To Our Site
We have launched an Affiliate Web Marketing Scheme whereby anyone with a web site can earn money by having a link to our site....
http://www.fundinvoice.co.uk/blog/factoring/post/earn-money-by-linking-to-our-site.html - Engineering Consultants One-Off Spot Factoring
If you just need funding for a single order, or for a single batch of invoices, you can get spot factoring for just that, on a one-off basis....
We recently helped an firm of engineering consultants get one off spot factoring. The company had been able to finance their own cash flow, but they had the opportunity to take on a large order from...
If you want to maximise your level of funding, finance can be provided against all your invoices via a whole ledger invoice finance facility....
We found them a one-off spot factoring deal, which can be used once, or again in the future. In this particular case, they had several existing, outstanding invoices, and a couple of new invoices to...
Now that the facility has been set up to finance this one off cash flow peak requirement, it will remain dormant, but in place so that it is there in case they need to call on it again. For example,...
A spot factoring facility is very simple. You select one or more invoices against which to receive funding. The factor verifies these invoices with the customers to ensure they are payable, and they...
We are able to help all manner of engineers, including:...
http://www.fundinvoice.co.uk/blog/factoring/post/engineering-consultants-one-off-spot-factoring.html - Essential Free Information If You Use Factoring Or Invoice Discounting
This is a monthly free email update about invoice finance. It includes research about prices and products. This is essential information for anyone who already uses, or is thinking about using...
http://www.fundinvoice.co.uk/blog/factoring/post/essential-free-information-if-you-use-factoring-or-invoice-discounting.html - Everything You Need To Know About Invoice Finance In One Place
FundInvoice has pulled together everything you need to know about invoice finance, factoring and invoice discounting, in one place: Everything About Invoice Finance....
The site includes:...
So if you are looking to use invoice finance or factoring for the first time, or you want to change to an alternative provider, everything you need to know about UK invoice finance companies can be...
http://www.fundinvoice.co.uk/blog/factoring/post/everything-you-need-to-know-about-invoice-finance-in-one-place.html - Everything You Need To Know To Develop Your Invoice Finance Company Strategy
After a recent conversation with an #invoicefinance company about what customers are looking for in terms of factoring and invoice discounting product offerings, I re-read our two previous invoice...
We are well overdue for a third summary to pull together the research surveys that we have conducted more recently - something else to do!...
http://www.fundinvoice.co.uk/blog/factoring/post/everything-you-need-to-know-invoice-finance-strategy.html - Example Of Costs Of Credit Control Outsourcing
For an example of the costs of credit control outsourcing and the cost benefits over employing your own credit controller please see this page: Outsourced Credit Control....
With an outsourced credit control service, the provider will normally undertake all the telephone chasing of debtors, production of statements and production of chasing letters, on behalf of their...
In the example given, the cost of outsourced credit control is significantly less than that of employing a credit controller, even on a part-time basis. The distraction of the business owners...
http://www.fundinvoice.co.uk/blog/factoring/post/example-of-costs-of-credit-control-outsourcing.html - Examples Of The Cost And Price Of Factoring & Invoice Discounting
Following my post on the average cost of finance via one of the invoice auction sites, I thought comparative examples of the cost and price of factoring and invoice discounting might be helpful....
As you will see on our site the cost of a whole turnover style invoice discounting or factoring service reflects a pricing discount due to factoring or discounting a larger volume of turnover - some...
Where clients are looking for short-term funding an invoice auction site or a spot factoring service could be more appropriate but are likely to be more expensive if used over the long term. The good...
http://www.fundinvoice.co.uk/blog/factoring/post/examples-of-cost-price-of-factoring-invoice-discounting.html - Examples of Situations Where Factoring Or Invoice Discounting Can Help
Some examples of situations where factoring and invoice discounting can help such as being turned down for a bank overdraft, being in a CVA or having CCJs: Examples of Situations Where Factoring Or...
http://www.fundinvoice.co.uk/blog/factoring/post/examples-of-situations-where-factoring-or-invoice-discounting-can-help.html - Exclusive
An new offer has been launched, exclusively through FundInvoice LLP, whereby one of our funding partners is offering existing factoring and invoice discounting users, that switch to them, up to...
Contact Sean Morrow on 03330 113622 to find out how much you could receive, or see the full details here: Golden Hello Offer....
http://www.fundinvoice.co.uk/blog/factoring/post/exclusive-golden-hello-up-to-10000-for-invoice-finance-users.html - Export Factoring
Export factoring can help you fund your exports abroad, collect outstanding, unpaid invoices to overseas buyers and protect against bad debts (if required). ...
http://www.fundinvoice.co.uk/blog/factoring/post/export-factoring.html - Deal Completed Export Factoring To Spain For Expansion
Another export factoring deal recently completed for a food producer exporting to Spain, turning over c. £750K pa....
They were looking for funding for growth in order to expand their buisness. We were able to find them an export factoring facility in order to fund their business expansion....
Export factoring provides the client with both funding against their export sales invoices and a credit control, invoice collection service to help collect their outstanding invoices. This can be...
More export factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/export-factoring-to-spain-for-expansion.html - Factorable Industry Sectors
It has taken an age to go through but we now have a full list of factorable industry sectors on the FundInvoice site. Furthermore, it also shows which sectors might be suitable for construction...
http://www.fundinvoice.co.uk/blog/factoring/post/factorable-industry-sectors.html - Looking For Factoring
If you are looking for a factoring company we have lots of useful information to help you find a factoring company that suits you.1) How factoring works 2) Factoring research 3) List of factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring.html - Factoring Calculator Available Online
On the FundInvoice site we have a factoring calculator that can be used online to calculate the amount of funding that factoring could raise for your business by releasing cash from your unpaid sales...
Factoring Calculator....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-calculator.html - Factoring Calculator
This post has a link to our factoring calculator that you should use if you are considering using factoring. The calculator takes into consideration all the benefits of factoring, such as the...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-calculator-2.html - Factoring Case Study Buying Out A Company Director
We have a new case study available showing the use of factoring for buying out a company co-director in a construction business....
For details please see the link: Case Study - Factoring Buying Out A Company Director....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-case-study-buying-out-a-company-director.html - Factoring Clients Survey
We conducted a factoring client survey where 46 users were asked to rate and review their factoring company. We also captured information about their life as invoice finance users over time....
You can read some of the results here: Factoring Clients Survey...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-clients-survey.html - Factoring Clients Use Two Different Factors On Average
Our survey of 46 existing factoring clients from across a spectrum of different factoring companies, revealed that on average a factoring client will use 2.2 different providers during its life as an...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-clients-use-two-different-factors.html - Factoring Company Reviews And Ratings
If you are looking for reviews and ratings for factoring companies, FundInvoice can help. FundInvoice have carried out extensive research of the factoring market including canvassing existing clients...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-company-reviews-and-ratings.html - Factoring Company Review Ratings Vary Dramatically
Our factoring survey found huge differences between the rating reviews for overall satisfaction assigned by existing clients to their factoring company. The range of ratings assigned by clients, for...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-company-service-levels-vary-dramatically.html - Factoring Cost Savings Calculator
New calculator to workout (illustration only) the factoring cost savings that a business may derive from using factoring. It takes into account all the additional savings e.g. not needing credit...
Factoring Cost Savings Calculator...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-cost-savings-calculator.html - Factoring Cost Savings Calculator Released
Factoring clients often focus just on the cost of the facility without considering the cost savings that are possible. We have just put together a new Factoring Cost Savings Calculator which can be...
It allows users to enter their business' details and find out how much they might save through using a factoring facility....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-cost-savings-calculator-released.html - Factoring Deal Completed Change Factoring Companies Due To Poor Service
It is not always a case of clients wanting to save costs or raise more finance. Once recent deal wanted to move between factoring companies as they were unhappy with the service they were receiving...
This steel stockholding business already had a recourse factoring facility from one factoring company but due to service issues we were able to assist them in finding and moving to an alternative...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-deal-completed-change-factoring-companies-due-to-poor-service.html - Factoring Despite Individual Voluntary Arrangement (IVA)
Factoring can be arranged for your business, releasing cash for any purpose, despite your prime movers being in individual voluntary arrangements. In fact, we have just helped a client, where the...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-despite-individual-voluntary-arrangement-iva.html - Factoring Finance Launched for IT Industry (Information Technology)
One of our funding partners has launched an innovative specialist factoring finance facility for IT (Information Technology) related businesses....
This gives businesses in the IT sector access to funding that might not have been otherwise available. Funding can be provided against staged invoices, servicing, maintenance contracts, software...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-finance-launched-for-it-industry-information-technology.html - Factoring For Bodyshop Car Crash Repairs
FundInvoice has just put up some info about factoring for body shops that deal with car crash repairs. If these are paid for by car insurance companies the invoices can be factored in order to...
Factoring Bodyshop Car Crash Repairs...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-for-bodyshop-car-crash-repairs.html - Factoring For Non Home Owners
A number of factoring companies required the prime movers of a business to be homeowners. However, circumstances are often such that we deal with directors of businesses that do not own their own...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-for-non-home-owners.html - Factoring For Seasonal Invoicing Peaks
Factoring can be used to smooth out the cash flow problems caused by seasonal peaks in invoicing and trading. A "seasonal peak" is when the trade, and hence invoicing, of a business is not even...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-for-seasonal-invoicing-peaks.html - Factoring For Small Businesses And New Startups
Funding is difficult for new startups or a small business to find - 31% of new startups in our survey said that they couldn't find enough finance initially and of those with restrictions nearly...
This article is about alternative funding - factoring for small or new startup businesses: Factoring For Small & New Startup Businesses....
See also: Finance Options For Small Businesses...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-for-small-businesses-and-new-startups.html - Factoring For Temporary Recruitment For The Construction Sector
The supply of temporary recruitment staff to the construction sector is eminently suitable for factoring although the construction sector is not something that all factoring companies are willing to...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-for-temporary-recruitment-for-the-construction-sector.html - Factoring If You Have Just Moved To The UK
The question came up, can you get factoring if you have only just moved to the UK?...
The answer is "Yes"....
There are a few points that are relevant:...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-if-you-have-just-moved-to-the-uk.html - Factoring Industry Client Number Growth Projections For 2014
The group that I manage on LinkedIn the UK Invoice Finance Research Group were asked at the beginning of 2013 how they expected invoice finance, factoring and invoice discounting client numbers...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-industry-client-number-growth-projections-for-2014.html - Factoring And Invoice Discounting ABFA Market Expands
For some time the market as reported in the ABFA quarterly statistics has reduced in client numbers but the last quarters figures to September 2010 show growth once again (albeit small) as the market...
Although the gain was small, 43 clients net increase over the quarter across the ABFA membership, in the last year there has been a 10.8% increase in the value of sales transacted by members of the...
There have also been a number of new entrants into the market in recent times....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-invoice-discounting-abfa-market-expands.html - Factoring & Invoice Discounting NACFB Reports Growth
The National Association of Commercial Finance Brokers (NACFB), has just reported its members survey results to June 2008 which show huge growth amongst its members in the volumes of factoring and...
This is not surprising as factoring and invoice discounting are growth areas during periods of economic downturn....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-invoice-discounting-nacfb-reports-growth.html - Factoring: Is it still relevant in 2015 Bdaily Business News
This was my comment posted on this article asking: Factoring: Is it still relevant in 2015? | Bdaily Business News....
My comment: Our Study of Invoice Finance Users in February 2015 asked existing invoice finance users about their attitudes to invoice finance, and what they thought stopped more businesses from using...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-is-it-still-relevant-in-2015-bdaily-business-news.html - Has The Factoring Market Reached Saturation
I have just been reading an article written by an industry broker about the factoring and invoice discounting markets reaching the point of "saturation"....
Wikipedia defines "market saturation" as the point at which a product has become diffused (distributed) within a market and it gives the example of refrigerators being present in 97% of homes - a...
According to the September 2009 statistics from the ABFA (the industry body for the factoring and invoice discounting industry) their membership (the main factors and discounters within the UK)...
According to the Federation of Small Businesses there are at least 4,700,000 small businesses in the UK, and note that those are "small businesses" only which is likely to be some way south of the...
So just using those figures above, the take up of invoice finance is just over 0.9% of the business population! It is hardly at the point of market saturation, even if we allowed for a significant...
What is true is that there are many invoice finance providers fighting over such a small number of existing product users when the real prize is in increasing the level of market saturation by...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-market-saturation.html - Factoring Market Slows Down For Christmas
The #factoring new business flow has started to slow down for the Christmas break, as it always does around this time of year. We are in contact with large numbers of businesses so we notice when the...
The irony is that in January there is always a surge of "desperate" prospective factoring clients as they have waited over the holidays and finally concluded in January that they need funding ASAP!...
As always we will do our best to help them, we can arrange factoring for clients within just a few days, but it would make a lot more sense for businesses to plan ahead when it comes to their...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-market-slows-for-christmas.html - Factoring Newsletter 0 Percent Over Base Funding Offer
We have just sent out our latest invoice finance newsletter which includes details of a funding offer at 0% over base rate, trade finance for small transactions and figures that support the fact that...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-newsletter-0-over-base-funding-offer.html - Factoring Newsletter Brief Completed
I have just finished writing the brief for the latest factoring newsletter....
This issue will include details of the factoring quote where we were able to offer the prospect a cost saving of 50% of the total cost, information about avoiding minimum discount charge base rates...
The factoring newsletter is free and you can subscribe using the link on the right. We promise not to use your email address for anything else....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-newsletter-brief-completed.html - Factoring Newsletter June 2012 Now Available
Our factoring and invoice discounting newsletter for June 2012 is now available for your to view....
This latest newsletter contains some of the latest offers and discounts that are available around the invoice finance industry, support for businesses suffering cash flow issues due to the NatWest...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-newsletter-june-2012-now-available.html - Factoring Options For Small Businesses At Last
It has been several years since there have been many factoring facilities available to the smallest businesses, for example turning over less than £100,000 per annum, after several factors...
The market seems to be changing at last. There are a number of factors now actively targeting this sector which is creating options for smaller businesses at last....
We recently undertook a search of our database and identified over 600 prospects that could not previously be helped and can now be recontacted in view of the options that are now available....
See also: Small Business Finance Options...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-options-for-small-businesses-at-last.html - Factoring or Invoice Discounting Funding At 0% Over Base Rate
We have just been given first notification of a funding offer from one of our partners. They are offering new customers funding at 0% over base rate for the first 3 months of their factoring or...
The offer is available for funding lines of up to £1,000,000 so a business using the full £1,000,000 that was currently paying, for example, 3% over base would save £7,500 by taking...
This special offer is only available until 30th September 2010 or until the fund put aside to fund the offer runs out - so act now to take advantage of this cost saving....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-or-invoice-discounting-funding-at-0-over-base-rate.html - Factoring Overcomes Bank Overdraft & Loan Restrictions
This is a recent deal that we have just completed for a printing business that went to a bank for an overdraft/loan but found it to be restrictive and were given factoring which they found expensive....
This is an example of how factoring can be more flexible than other forms of finance such as loans and overdrafts and how using our free invoice finance quotation search service can save factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-overcomes-bank-overdraft-loan-restrictions.html - Factoring Problems
Problems with your factoring facility? FundInvoice may be able to help you. Although the vast majority of factoring clients are happy with their facilities sometimes clients run into factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-problems.html - Explaining The Factoring Product Decision Tree
Factoring is a simple service, but there are a number of product options that need to be understood in order to select the right service for you....
We can guide you through this process over the phone; just call Sean in confidence at 03330 113622, or you can use our free Online Product Finder....
There are a number of simple questions to answer within the product decision tree that will determine the type of factoring product that you need. They are as follows:...
The answers to these questions determine your product selection. Below, I will address your answers to each question in turn....
You may also want to see our article about how to go about selecting a factoring company....
If you are looking to maximise your working capital, funding against all your invoices might be your preference. This is commonly called a whole turnover facility. By submitting your entire sales...
Alternatively, if you just need a little help with a current cash flow problem, or you think you might want to dip in and out of the funding in the future, a selective, or spot facility might suit...
If you only want the service for sales to UK debtors, that is the simplest facility. However, some funders will also handle sales to export territories overseas, either in addition to UK sales or...
Again, the service provided by different factors will vary. Some provide a comprehensive credit control function, such that you will not need to retain any credit controllers yourself. However, in...
If you have a well-spread sales ledger, you may decide that you are not worried about any single debtor failing and being unable to pay you. If you have prime debtors or significant balances to some...
The simplest, cheapest invoice finance option is normally what we call a disclosed facility. That is where your customers are aware of the involvement of a factoring company. However, if you...
In addition to the above options, there are a number of other services that you may or may not want to add to your factoring arrangement. They include trade finance to fund imports. Payroll...
See our free guide to the various different Types Of Factoring....
If you want to consider other options instead of factoring, see our article: Alternatives to using factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-product-decision-tree.html - Factoring Quotes UK
If you want factoring quotes UK based factoring companies are keen to lend and have plenty of additional capital available. Qualification for factoring is straightforward, providing you raise credit...
Even new startups can raise money through this type of funding....
For more information: Factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-quotes-uk.html - Factoring Research Results Available Tomorrow
The next set of factoring and invoice discounting related research is going to be available tomorrow so I will start posting some more results....
This time the research questions were focused around attitudes and expectations regarding factoring, invoice discounting and invoice finance....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-research-results-available-tomorrow.html - Factoring Service Charges From Just A Few Thousand Pounds Per Annum
We are always on the lookout for the best factoring deals for our clients. The "best deal" doesn't always mean the cheapest rates, but in some case,s that is the primary criteria by which a...
We have just established a relationship with a new factoring partner that can offer a small business a factoring facility with a comprehensive credit control service with a service charge of just a...
See also: Small Business Finance...
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-service-charges-from-just-2000-per-annum.html - Factoring With An Independent Company To Improve Service Levels
An example of a factoring client we were able to help who had issues with the bank backed factoring company that they were using. Their concern was that they were spending a lot of time answering...
FundInvoice were able to find the client a new factoring facility with one of the independent factoring companies that were in FundInvoice's list of top invoice finance companies rated for their...
In addition to improving the service levels the factoring pricing remained competitive....
http://www.fundinvoice.co.uk/blog/factoring/post/factoring-with-an-independent-company-to-improve-service-levels.html - Fast Growing Businesses Have More Trouble With Funding Than New Startups
You would think that if a business is fast growing that would improve its chances of getting the funding it needs but our recent survey found that fast growing businesses had more trouble getting...
We conducted surveys of 100 fast growth companies (20%+ turnover growth pa) and 100 new startups that had commenced within the last 12 months. Our survey found that whilst 31% of the new start ups...
Invoice finance such as factoring and invoice discounting can be a perfect solution in both circumstances - there is funding available for new startups and for fast growing companies - the problem is...
http://www.fundinvoice.co.uk/blog/factoring/post/fast-growing-businesses-have-more-trouble-with-funding-than-new-startups.html - February 2010 Invoice Finance Newsletter Published
Our February 2010 free invoice finance newsletter is now available....
It details some of the results from our recent survey of SMEs about their views on the outlook for the UK economy and their attitudes towards invoice finance. It also contains reference to one of the...
http://www.fundinvoice.co.uk/blog/factoring/post/february-2010-invoice-finance-newsletter-published.html - February Invoice Finance Newsletter Published
Our latest invoice finance newsletter for February 2010 has now been published....
It contains some of the results of our recent survey of UK SMEs that shows businesses are optimistic about the future and it has information about a receivables financing deal put in place to support...
http://www.fundinvoice.co.uk/blog/factoring/post/february-invoice-finance-newsletter-published.html - Finance Product Finder
Below is a link to our business finance product finder. 10 simple questions to help you select the best business finance product for you: Finance Product Finder...
http://www.fundinvoice.co.uk/blog/factoring/post/finance-product-finder.html - Finance Product Innovation Continues To Accelerate Market Review 2016
Having been involved in business finance and funding since the late 80's I have been amazed at the amount of product innovation that has occurred over the last decade. For the first 2 decades of...
However, during the last decade we have seen the alternative finance industry diversify into a number of new, innovative offerings. Great examples are the rise of selective invoice...
Crowdfunding has entered the business funding scene, with a huge rise in popularity, achieved through high profile advertising and awareness campaigns. There is something about borrowing from...
Sectors such as construction and retail would have been definite no, no's 3 decades ago. They would have been the domain of traditional bank lending such as overdraft or loans. However, over the...
IT has been leveraged across the board, not only to delivery products but also to attract customers. Product finders (such as our own) are common place. Technology has improved the customer's...
Currently we are seeing several of the larger invoice finance providers seeking asset based lending (ABL) opportunities i.e. using all the assets of a business to leverage more funding, often these...
It will be interesting to see what happens going forward. No one, to my knowledge, has really tacked the issue of electronic sign up. These has been picked up in some of our survey work as a nice to...
http://www.fundinvoice.co.uk/blog/factoring/post/finance-product-innovation-continues-to-accelerate-market-review-2016.html - Finance With Limited Or No Personal Guarantees
Personal guarantees are essential with some sales financiers, however that is not the case for all of them. There are funders on our panel that will provide facilities without personal guarantees (in...
http://www.fundinvoice.co.uk/blog/factoring/post/finance-with-limited-of-no-personal-guarantees.html - Finance You Can Keep Forever
You have to pay a loan back. Whether its a crowdfunding loan, or a bank loan, the principle is the same, you make a number of repayments over time which repay the capital that you borrowed and some...
It is often overlooked that forms of funding such as factoring and invoice discounting can offer you a perpetual source of finance, that you can effectively keep forever - providing your business has...
Now as invoices are paid by customers, they repay parts of that funding, but at the same time you receive further funding against new invoicing. Providing your debtor book stays constant i.e. at...
Also, if your debtor book grows, the amount of funding grows. Say your sales grow and your outstanding ledger ticks up to £125K the additional £25K of invoicing will also be funded at 85%...
Providing the invoicing outstanding remains constant, as does the ageing profile of your invoices - your level of funding remains the same and indeed grows if your sales ledger grows. Finance you can...
http://www.fundinvoice.co.uk/blog/factoring/post/finance-you-can-keep-forever.html - Financing Factoring Companies
The source of financing factoring companies use can come from a variety of different avenues. You may want to take this into account, when you are choosing which factoring company to pick, as you may...
We can advise you about factoring generally, including where funding is coming from, either contact us or call Sean on 03330 113622....
These are a number of sources of financing that are commonly used, either wholly or in part, by invoice financiers (in no particular order):...
Several of the larger invoice finance companies have pursued a niche whereby they provide "back-to-back" facilities to their smaller counterparts. This means that a large IF company may be funding...
Some of the providers are lending their own funds, either fully or in part. This can be true of small, independent providers but it could also be said of the large banks....
There has been publicity recently about providers lending money that has been provided by funding vehicles set up by the Government. This money is being injected into the market to try and increase...
True peer-to-peer lending will be funding borrowed from one or more businesses that are similar to your own. Often customers think that this might result in favouable rates, or terms. That is not...
Often independent providers will have investors that have injected capital for them to lend, the requirement for a return by their investors will influence the cost of borrowing. Again, the size of...
The source of the capital used by a lender can affect the cost to borrow and risk approach of the company lending the money. However, there is no simple formula that predicts the cost according to...
The best approach is for us to understand what you are looking for, and we will be able to explain the options and identify lenders that can match your price, service and funding expectations....
Understanding the source of their capital is often more a matter of clarity regarding their business model, rather than something that will directly and soley determine pricing....
http://www.fundinvoice.co.uk/blog/factoring/post/financing-factoring.html - Finding An Invoice Factoring Broker
I saw an interesting example of how people tried to find a factoring company recently, that only confirmed what a muddled process prospective clients can find themselves going through. It reminded me...
I noticed a post on one of the social media sites, where a construction sector company were asking if anyone knew of a good factoring company, to replace their current providers. Somebody I know had...
I posted a link to our research archive about invoice finance services but not much of a sales pitch, to be honest. To my mind, if you want to buy a service, a good place to start would be looking at...
It was interesting to see the various other comments that people added to the post. The development of this reminded me how random the process of finding a factoring company can be....
The next comment was from an invoice factoring broker, claiming to have "access to the whole market" and offering an introduction to the "best options that are bespoke to you", via their "free and...
Then a person from a factoring company commented, suggesting a particular factoring broker. I may be being unfairly cynical, but I wondered what the criteria would be for that recommendation most...
If you already have quotes, use our Invoice Finance Price Comparison Spreadsheet to make a cost comparison....
Another broker then commented, saying that they had experienced "both sides of the fence" and hence "knew the pitfalls". I presume this means having used factoring as a client and then introduced...
Someone from a recruitment company then commented, saying that selecting an "invoice finance company is a very personal choice". I would agree with that, there are vast differences in approach,...
Next, a client of one of the larger independent factoring companies said they were "very happy" with the service they are receiving and hence recommended their factor. Great to hear a client...
Lastly, someone from yet another brokerage put forward the contact details for one of their own colleagues. That makes it easy to make contact - you don't have to find websites, the number is...
What I took away from the dialogue was what a random muddle the whole thing is, probably a microcosm of how people find their way to factoring generally. A simple question leads to a myriad of...
Not to mention the vast array of factoring product options that any new customer is confronted with....
It also reconfirmed to me that we have taken the right approach with our own invoice factoring brokerage. We have experience in the market, having worked in several different factoring companies, but...
If you need help we can call you back or you can call Sean on: 03330 113622....
http://www.fundinvoice.co.uk/blog/factoring/post/finding-an-invoice-factoring-broker.html - Fixed Base Rate For 12 Months After It Rises
We receive the latest offers and discounts available within the invoice finance arena. This is a new offer of a fixed bank base rate....
If you are worried about the anticipated rise in the Bank of England base rate, currently expected early next year, one of the invoice finance companies has come up with a fixed base rate offer....
They will fix the base rate element of your discount charge (similar to interest on a loan or overdraft) at 0.5% (the current bank base rate) for 12 months after interest rates rise. You can find...
http://www.fundinvoice.co.uk/blog/factoring/post/fixed-base-rate-for-12-months-after-it-rises.html - Fixed Fee Factoring & Fixed Fee Invoice Discounting
Several of our funding partners now have fixed fee factoring and fixed fee invoice discounting products but we have just received word of another fixed fee invoice finance product launched by another...
The fixed annual fee is divided into manageable monthly payments, for example, a fixed fee of £3,600 per annum would be charged at £300 per month (plus VAT where applicable)....
This flat fee includes CHAPS charges and there are no refactoring fees of other service charges making the charges very predictable and manageable....
The client does pay a discount charge (similar to how interest works) but that is only paid on the funds that are actually taken by the client....
An interesting innovation that might be of interst to some of you....
http://www.fundinvoice.co.uk/blog/factoring/post/fixed-fee-factoring-fixed-fee-invoice-discounting.html - Free Factoring Newsletter
We have just finished sending out our latest factoring newsletter which includes an article about how factoring charges and payments have changed over the years and our predictions for the future....
You can sign up for our newsletter at: REGISTER FOR OUR FREE MONTHLY NEWSLETTER....
http://www.fundinvoice.co.uk/blog/factoring/post/free-factoring-newsletter.html - July 2012 Free Factoring Newsletter Published
We have just published our July 2012 factoring newsletter which this month has information about spot factoring, construction finance and a new funding facility for retailers....
http://www.fundinvoice.co.uk/blog/factoring/post/free-factoring-newsletter-july-2012.html - Free Guide - How To Do Credit Control
Our free guide about how to undertake your own credit control....
It included:...
Read more here: Free Guide - How To Do Credit Control....
http://www.fundinvoice.co.uk/blog/factoring/post/free-guide-how-to-do-credit-control.html - FSB Support for Business Growth But Where Is Invoice Finance
Members of the FSB (Federation of Small Businesses) receive the East Sussex Voice of Business publication. In the May/June 2011 publication on page 8 it mentions "Products to Support Business...
The "Finance for Business Section" doesn't mention invoice finance and even if you follow a link to http://www.businesslink.gov.uk and go to the "Finance and Grants" section any reference to...
Invoice Finance is the obvious finance solution for growing businesses and raising its profile on these support sites would help promote the presence of this flexible solution to cash flow problems...
If you are looking for invoice finance East Sussex based businesses can find local providers or providers that service the local area from around the UK. For help, please call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/factoring/post/fsb-support-for-business-growth-but-where-is-invoice-finance.html - Funding At 1% Over Base Rate For First 3 Months
We have a new factoring offer which is currently available from one of our funding partners that is available to any qualifying buisnesses that contact us. It is funding at 1% over base rate for the...
This is good news for factoring users that are looking to change providers or businesses that need a cash injection that don't already use factoring. It means that they will be able to save a...
http://www.fundinvoice.co.uk/blog/factoring/post/funding-at-1-over-base-rate-for-first-3-months.html - Funding Limits The Biggest Invoice Finance Pet Hate
We asked a sample of 100 SMEs businesses to put aside cost as an issue with invoice finance (such as factoring & invoice discounting) and asked them what else they hated about the existing...
The top answer was "funding limits" which was stated by 20% of the respondents....
Not all factors work in the same way regarding funding limits....
http://www.fundinvoice.co.uk/blog/factoring/post/funding-limits-the-biggest-pet-hate.html - Funding That Grows With Your Turnover
The big difference between a traditional bank overdraft or bank loan and invoice finance such as invoice factoring or invoice discounting is that loans and overdrafts do not grow in line with growth...
http://www.fundinvoice.co.uk/blog/factoring/post/funding-that-grows-with-your-turnover.html - Funding A Seasonal Toy Manufacturer
We were recently able to help find funding for a toy manufacturer with a seasonal trading pattern (there is a good definition of a seasonal trading pattern here). The manufacturers were a newly...
Factoring can work perfectly in these situations, as the amount of funding grows in line with your level of sales. This means that the more invoices you raise, the more funding you get. Some...
The issue with whole turnover facilities, for seasonal businesses, is that they often include minimum fees. This is the minimum charge, normally annually, quarterly or monthly, that is put in place...
http://www.fundinvoice.co.uk/blog/factoring/post/funding-toy-manufacturer-seasonal.html - FundingVoice December 2015 - 6 Ways To Cut Invoice Finance Costs
The current edition of FundingVoice magazine is now online: FundingVoice December 2015 - 6 Ways To Cut Invoice Finance Costs....
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-december-2015-6-ways-to-cut-invoice-finance-costs.html - FundingVoice Free Magazine First Edition Is Taking Shape
FundInvoice LLP plan to publish the first edition of their FundingVoice magazine on the 26th February with a copy deadline of the 21st. The magazine is sent out by email to our subscriber list and is...
If you would like to subscribe for free to FundingVoice magazine please follow this link: Subscribe For Free To FundingVoice Magazine...
If you would like to become a contributor (there is no cost) please: Contact Us...
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-freemagazine-first-edition-is-taking-shape.html - FundingVoice Magazine - August 2015 - Free Credit Control Guide
The latest FundingVoice magazine edition is now available online:...
FundingVoice Magazine - August 2015 - Free Credit Control Guide....
It includes our free guide to running your own credit control and a guest article about selective invoice finance from GapCap....
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-magazine-august-2015-free-credit-control-guide.html - FundingVoice Magazine Full
Well the first edition of FundingVoice magazine which shares expert opinions on how to fund your business cash flow, is now fully subscribed in terms of articles for the first edition. We have had a...
I am now putting it all together ready for our first email out which will now be in early March. It's still not too late to subscribe!...
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-magazine-full.html - FundingVoice Magazine July 2015 98 Percent Would Recommend Invoice Finance
The latest edition of FundingVoice magazine is available online: FundingVoice Magazine - July 2015 - 98% Would Recommend Invoice Finance....
This edition includes the following articles:...
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-magazine-july-2015-98-would-recommend-invoice-finance.html - FundingVoice Magazine September 2015 Up To GBP 10K
September 2015's FundingVoice magazine is now available online: FundingVoice Magazine - September 2015 - Up To £10K Golden Hello Offer....
It includes:...
http://www.fundinvoice.co.uk/blog/factoring/post/fundingvoice-magazine-september-2015-up-to-10k-golden-hello-offer.html - FundInvoice 10 Free Ways to Improve Your Business Cash Flow
10 free ways to improve the cash flow of your business:...
FundInvoice | 10 Free Ways to Improve The Cash Flow of Your Business....
The article sets out 10 ways to improve your cash flow and generate more income including speeding up collections, cutting costs and earning commissions....
http://www.fundinvoice.co.uk/blog/factoring/post/fundinvoice-10-free-ways-to-improve-the-cash-flow-of-your-business.html - FundInvoice Means Factoring Finance
Interesting, over the weekend two people saw the FundInvoice logo on the wall and both said "is it factoring?". I was surprised that they immediately recognised that we arranged factoring finance...
http://www.fundinvoice.co.uk/blog/factoring/post/fundinvoice-means-factoring-finance.html - FundInvoice Proud To Be A Hastings Invoice Finance Business
FundInvoice LLP has just joined "Hastings and Proud" - a group of businesses that are proud to be based in and around the Hastings area and are proud to serve its community....
We are always pleased to help any local businesses, from Hastings or the surrounding area, that want to improve their cash flow position with a business loan, invoice finance or factoring. If you...
As part of our market-wide access to a wide range of finance providers, we can put you in touch with Hastings-based invoice finance and factoring companies, if required, or we can help you access the...
We are currently working on a piece of market research, regarding businesses in the local area, and that will be shared through this blog in due course....
To contact FundInvoice please call Sean on 03330 113622...
http://www.fundinvoice.co.uk/blog/factoring/post/fundinvoice-proud-to-be-a-hastings-business.html - FundInvoice Updated Information Pack Now Available
A new version of the FundInvoice information pack (our brochure) is available to download in PDF form. You can find a link to the PDF here: FundInvoice Updated Information Pack Now Available....
Feedback is always gratefully received!...
http://www.fundinvoice.co.uk/blog/factoring/post/fundinvoice-updated-information-pack-now-available.html - Funniest Late Payment Excuses
Looking for something funny? A little light relief with a selection of the funniest late payment excuses that we have come across:...
List of the funniest late payment excuses...
There is a link on the page for you to send us your own and if they are funny enough we will add them to the list of funny late payment excuses!...
http://www.fundinvoice.co.uk/blog/factoring/post/funniest-late-payment-excuses.html - Funny Late Payment Excuses Image
Here's an image showing the funny late payment excuses that I posted a link to yesterday:...
Funny late payment excuses...
http://www.fundinvoice.co.uk/blog/factoring/post/funny-late-payment-excuses-image.html - Glossary of Invoice Finance, Factoring & Invoice Discounting Terms, Words & Phrases
The technical terms and language associated with invoice finance can be complicated and difficult to follow. Therefore we have put together a glossary of the common terms, words and phrases used...
Each term has an explanation of the meaning next to it and where appropriate links to relevant material and information....
http://www.fundinvoice.co.uk/blog/factoring/post/glossary-of-invoice-finance-factoring-invoice-discounting-terms-words-phrases.html - Good Credit Management Article - Tips & Advice About Collecting Unpaid Invoices
Here is a link to my latest article about good credit management & credit control. It contains tips and advice about how to credit check new customers and how to undertake credit control in order...
http://www.fundinvoice.co.uk/blog/factoring/post/good-credit-management-article-tips-advice-about-collecting-unpaid-invoices.html - Government Green Deal Invoice Finance
Invoice finance, factoring and invoice discounting is now available against Government Green Deals: Government Green Deal Invoice Finance...
#invoicefinance...
http://www.fundinvoice.co.uk/blog/factoring/post/government-green-deal-invoice-finance.html - Government Report
The UK Government have just published a March 2012 report - Boosting Finance Options for Business, which strongly supports the role of invoice finance (factoring and invoice discounting) as part of...
The report highlights the lack of awareness of factoring and invoice discounting products amongst businesses in the UK and the historic negative perceptions surrounding the products. The report...
The report also specifically highlights the role of some companies that provide electronic platforms, such as MarketInvoice and Platform Black. These have both recently been launched allowing...
This seems like exactly the kind of profile raising that the UK invoice finance industry needs in order to achieve its full potential and contribute to bridging the funding gap for businesses in the...
To read the full government report follow this link: Boosting Finance Options For Business...
http://www.fundinvoice.co.uk/blog/factoring/post/government-report-boosting-finance-options-for-business-promotes-invoice-finance.html - Guide To Factoring From Factor21
I have added a new "Guide To Factoring" courtesy of Manus O'Donnell at Factor21: Guide To Factoring...
The guide covers what can be factored, charges and frequently asked questions. It also has a response link at the bottom if you want to contact Manus at Factor21. Thanks for the guide - apologies for...
http://www.fundinvoice.co.uk/blog/factoring/post/guide-to-factoring-from-factor21-2.html - Has Factoring Been Mis-sold?
It is curious how many businesses we speak to are focused on going down the invoice discounting route (no credit control service) rather than using factoring (which includes a credit control service)...
In many cases these businesses have already used a factoring service from certain factoring companies within the industry where the credit control service is not a comprehensive collection service,...
It does appear that this practice of labelling this type of rudimentary credit control service as factoring may be devaluing perceptions of which factoring actually is as there are factoring...
It seems that it would be far better to term these rudimentary credit control services as something other than factoring to clearly differentiate them from traditional factoring where the factor...
http://www.fundinvoice.co.uk/blog/factoring/post/has-factoring-been-mis-sold.html - Factoring Price Reduction For Haulage Company
This is a great example of a recourse factoring price reduction that we found for a haulage company. A circa 50% cost saving on their existing quote....
Factoring services provide a business with both upfront money against unpaid invoices and help to collect in their payments from customers. It can improve the cash flow of a business as the business...
This can be particularly helpful to hauliers and haulage companies that have expenses to pay, such as fuel, vehicle leasing costs and staff wages. Normally these costs need to be paid before the...
The benefits of credit control support must also be considered. This is included within a factoring facility, although the level of service will differ dramatically between factoring companies. Many...
Having the weight of a well-known name collecting from customers, using a system of regular credit control follow ups can also help get payments in quicker. This can reduce or eliminate the need to...
In this particular case, the haulier was already using a factoring company, and we estimated that they were paying, in the region of, £12K total fees on just over half a million annual...
We searched the marketplace for them and were able to find factoring quotes that we estimated would reduce their total fees but approximately 50% per annum, a big saving....
To find out the cost and to see how much we could save you, please call Sean on 03330 113622 or request a callback....
http://www.fundinvoice.co.uk/blog/factoring/post/haulage-factoring-price-reduction.html - Healthcare Recruiter Gets Factoring
A new case study has been added regarding a healthcare recruitment company that FundInvoice were able to introduce to a well known factoring company: Healthcare Recruiter Gets Factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/healthcare-recruiter-gets-factoring.html - Help If A Factoring Funding Limit Is Removed
If you have had a factoring funding limit removed or reduced, it can dramatically affect your ability to borrow money against a customer's invoices. However, you should be reassured that not all...
GET IN TOUCH TO SEE IF WE CAN HELP...
A funding limit (or credit limit) is set by the factoring company against each debtor. With a recourse arrangement, although there is no bad debt protection, debtor limits are still used to control...
We were approached recently by a prospect who already used factoring via an independent factoring company. They were a recruitment company, which are normally highly suitable for factoring, in order...
We searched the UK factoring market for them an there were none of the factors were prepared to help. Most took a similar view about this particular debtor. However, we found one of our funding...
There was then a futher deterioration in the debtors credit position and this means that they level of funding would fall below the credit limit that had been agreed. In order to continue to provide...
This is a great case study example of the "can do" approach that we try to take, and value in our funding partners. if someone has told you that they can't help, please give us a try to see if...
Call Sean on: 03330 113622 or request a call back about factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/help-factoring-funding-limit-removed.html - Help With Late Payments
Is it easy to get help with late payments? Well that is one of the issues that we help customers solve, however I have a suspicion that it is not that easy to find your way to the solutions if you...
Putting myself in the place of a UK company, that was experiencing slow payments from some of its debtors, I wanted to find out how difficult it would be to find support. This would be the type of...
In order to find out I conducted a search on Google specifically "help with late payments" - that sounds like a reasonable search phrase that a company experiencing a slowdown in debt turn might use....
If such a company conducted such a search, I might expect them to find information about:...
So I conducted the Google search and the results fell some way short of those that I would have hoped for. I have focused on the first page of search results, as most people go no further....
The top 4 results were all paid advertisements. In all cases, they related to personal debt advisers, offering debt consolidation into low monthly repayments and Government support (allegedly) to...
The top entry of the organic search results, showed a list of steps you should take if you have paid your personal debts late e.g. contact your lender. This was published by Equifax. Helpful for...
The 2nd result was from the Government's business support site, titled "Dealing With Late Payments". This looked like it might have some useful advice. On following the link, it was information...
All useful information, but not really what my example company needed, and no mention of factoring....
The 3rd result related to personal credit scores again, which is not relevant to my case....
The 4th entry of the organic results was "5 tips to get paid on time" published by an online direct debit specialist. It set out 5 very basic tips:...
The tips were very much focused on direct debits as the solution - which could be the case in some circumstances....
The 5th result was from the FSB and was titled "Late payments and what you can do about them". It sounds promising, however the advice was very basic: agree a payment date, charge interest on late...
The 6th result was again regarding personal debt. The 7th was a Government article about late commercial payments, suggesting that interest can be charged along with debt recovery costs....
The 8th result was from Bibby Financial Services, an article about "Financing Late Payments". Bibby are a factoring company so finally this is the type of solution that my example company might be...
So there were a lot of irrelevant results that preceded finding the type of support that my example company needed. I would be surprised if many made it all the way to the point where the results...
Related material: read our article on Solving Late Payments....
http://www.fundinvoice.co.uk/blog/factoring/post/help-with-late-payments.html - Help With Slow Paying Customers
Do you need help with slow-paying customers? There are a few options that you could consider:...
To discuss the help you need please call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/factoring/post/help-with-slow-paying-customers.html - Help With Slow Payments
Factoring can help with slow payments from customers and debtors in two ways. Firstly factoring will release cash against unpaid sales invoices, for example, 85% of the gross invoice value could be...
The second benefit of factoring, with regard to slow payments, can be from the credit-control service provided by a factoring company. This is normally provided by specialist credit control staff who...
http://www.fundinvoice.co.uk/blog/factoring/post/help-with-slow-payments.html - HMRC Time To Pay Arrangements Value Halves & Refusals Double
Research results published by Business Money suggest that the value of HMRC Time To Pay arrangements for outstanding tax payment has halved in value over the last year whilst the number of refusals...
If you have been refused a Time To Pay arrangement the funding to pay your outstanding tax can often be raised through invoice finance, factoring or invoice discounting....
http://www.fundinvoice.co.uk/blog/factoring/post/hmrc-time-to-pay-arrangements-value-halves-refusals-double.html - How Does An Invoice Finance Recourse Period Work And How Do You Calculate The Recourse Date
The recourse period is the time after which the invoice finance company withdraws funding against a particular invoice. This applies to both recourse factoring and recourse invoice discounting -...
The principle behind the recourse period is that it normally gives the customer more than enough time to pay the outstanding sales invoice, if it's not paid then it is assumed that there is a...
The exact recourse period that an invoice finance company offers varies between providers and may be tailored to your specific business. If your invoices are normally paid quickly the recourse period...
An average recourse period is typically 90 days from the end of the month in which the invoice was raised (90 days EOM). In some cases, the recourse period may work from the due date of the invoice...
For example, an invoice raised on the 5th of March may have credit terms of say 30 days. Therefore it would be due and payable on the 4th of April. If the recourse period for that invoice was 90 days...
If the invoice was for £100 and you received an initial payment of say 80% against that invoice i.e. £80, the funded amount i.e. £80 would be deducted from your availability on the...
For information on what an invoice must include please see this Government web page: What An Invoice Must Include...
http://www.fundinvoice.co.uk/blog/factoring/post/how-does-an-invoice-finance-recourse-period-work-how-to-calculate-recourse-date.html - How Does Body Shop Factoring Work
Car repairers, and car crash repair specialists, often use body shop factoring to release the money tied up in unpaid sales invoices....
Although their invoices tend to be to insurance companies, which can be of good standing, there can often be a delay in receiving payment, which can mean waiting 60 days or even more in order to...
The way that body shop factoring works is as follows....
Firstly you choose which invoices or insurers you want to raise finance against. You have no obligation to factor any of your invoices, or to ever use the service again. Also there are no set up...
When you take on a repair, you carry out the work and then put together a pack of documentation for the factoring company. Typically, this will include your sales invoice to the insurance company,...
Whilst that may sound like more paperwork than you may be used to producing, it means that your sales invoice can then be sold to the factoring company, without recourse back to you....
The factoring company will then pay you 100% of the face value of your invoice, less a charge to provide the service. Typically, this charge will be approximately 3% of the value of your invoice....
The factoring company then takes on the task of collecting in that invoice. No matter how long it takes them to recover the money, your fees stay the same i.e. the 3% that you paid up front. You...
Contact Sean on 03330 113622 to find out more about how body shop factoring works....
http://www.fundinvoice.co.uk/blog/factoring/post/how-does-body-shop-factoring-work.html - How Factoring And Invoice Discounting Companies Calculate The Initial Payment Percentage and Discount Percentage
A question was posted on the UK Invoice Finance Research Group (LinkedIn) site asking how invoice finance companies calculate the discount percentage or the initial payment percentage (early payment...
Just to clarify the terminology, the full value of a sales invoice is 100% and typically initial payments can be any percentage up to that figure (in rare cases funding can even exceed the value of...
The following factors normally affect the calculation of the initial payment percentage by an invoice finance company, the amount of the reductions will vary between providers:...
Those are the key factors that will affect the calculation of the initial payment percentage by an invoice finance company, the percentage is set at the outset of the arrangement but can be adjusted...
http://www.fundinvoice.co.uk/blog/factoring/post/how-factoring-invoice-discounting-companies-calculate-the-initial-payment-percentage-discount-percentage.html - How Invoice Finance, Factoring And Invoice Discounting Companies Calculate Their Charges & Pricing
Following yesterday's post: How Invoice Finance Companies Calculate Initial Payment Percentages, I have been asked to clarify how invoice finance companies, factoring companies and invoice...
Firstly you should be aware that different invoice finance companies charge differently. Traditionally the charging structure for invoice finance is a service or administration charge (for the...
Most invoice finance companies have a pricing formula or pricing matrix of some description. Some are very complicated, some simple. In addition to that, there is often a degree of arbitrary...
Product-related factors may affect workload. For example, if the client wants bad debt protection the invoice finance company will price for that and the pricing will be driven by debtor numbers,...
The pricing calculation will differ depending on the type of invoice finance product....
For instance, with factoring the factoring company will be undertaking a lot of work in providing a credit control service, hence the pricing formula for factoring may factor in workload factors such...
In addition to workload factors, there may be some risk-related factors that affect the factoring pricing calculation or how it is adjusted (ultimately in extreme circumstances these risks could lead...
With invoice discounting, the invoice discounting company will not be undertaking the credit control and so many of the workload factors that affected the factoring pricing formula may not affect or...
Pricing will normally be affected by:...
The other factors noted in the factoring section may have a slight effect on pricing as they would increase the cost of a collection out in the event of client failure, however, they will have little...
The risk factors described in the factoring section above could all equally have an effect on invoice discounting pricing calculation and the invoice discounting company is likely to be more...
As I mentioned above the construction of pricing models and pricing calculations differs vastly across the industry. In some cases they are very simple and take account of very few of the factors...
http://www.fundinvoice.co.uk/blog/factoring/post/how-invoice-finance-factoring-invoice-discounting-companies-calculate-charges-pricing.html - How Many Factoring Price Quotes Do You Need To Get
Prospective clients are often unsure about how many factoring price quotes they should get before they have enough to make a decision. I have put together an article that takes a logical approach to...
See the article: How Many Factoring Quotes...
http://www.fundinvoice.co.uk/blog/factoring/post/how-many-factoring-price-quotes-do-you-need.html - Article How Many Factoring Price Quotes Do You Need
New article exploring how many factoring quotes you should get and the role of the factoring broker: How Many Factoring Quotes Do You Need?...
http://www.fundinvoice.co.uk/blog/factoring/post/how-many-factoring-price-quotes-do-you-need-2.html - How Many Factoring Quotes Is Enough
It's a difficult question to answer, but here are my thoughts as a factoring broker....
If you need to get a quote, use the button below, and we can help....
COMPARE QUOTES NOW...
If you are going to use a factoring company, you want to ensure that you are quoted a competitive, reasonable, if not low price, but at the same time, you need to consider the quality of what you...
We have had a prospective client contact us and provide a list of 56 financial institutions that they had already contacted and, in some cases, were in the underwriting process with! They still...
So in order to ensure that you are being quoted a competitive price you really need to undertake some comparison or use a factoring broker to undertake that comparison for you, a factoring broker can...
Having said that, many clients that use our factoring brokerage, FundInvoice LLP, often request a certain number of quotes. We tend to be client-led on this - if the client wants the best quote we...
Some brokers say they only get the best quote, but unless you have something to benchmark against, you can never be sure that it is the best....
There isn't a right answer to the question, we are always guided by what our clients want. We would prefer the client to be led by our experience and judgment about the single factoring company...
http://www.fundinvoice.co.uk/blog/factoring/post/how-many-factoring-quotes-is-enough.html - How Much Worse Will The Economy Get
When you work within the finance industry you often see the first signs of economic problems. This was true with the recent "credit crunch" related economic issues. Some of the factoring companies...
This then has a knock-on effect on sales related to construction, furnishings etc. who start to feel the ripple effect from the construction downturn. The people within those companies then have less...
House prices are reportedly continuing to fall and this further affects the housing market, depressing sales. My guess would be that a lot of businesses have been living off of the "fat" that they...
Within our factoring brokerage, we have seen an emergence of new prospects approaching us for factoring as their debtors have slowed down the time taken to pay their invoices causing them cash flow...
Personally, I think that the downturn in the UK economy is going to get worse and it is time to "batten down the hatches" by doing everything you can to protect your business's cash flow and try...
http://www.fundinvoice.co.uk/blog/factoring/post/how-much-worse-will-the-economy-get.html - How To Avoid Factoring & Invoice Discounting Disbursements & Additional Charges
There are ways of avoiding paying many additional disbursements, fees or additional charges for your factoring or invoice discounting facility - read on....
Traditionally the charging structure within the invoice finance industry has been divided into three categories. The service charge (or administration charge) - typically a percentage of the value of...
The list of other charges or list of disbursements can be long or short (depending on which invoice finance company you speak to). It covers a whole multitude of different extra fees such as charges...
Several factoring and invoice finance companies now offer "single fee" facilities whereby you only pay one fee rather than the variety of different fees described above. "Single fee" invoice finance...
Furthermore, we know of invoice finance companies that will take a more tailored approach to the charging and agree specific tariffs of charges particular to your business e.g. no CHAPS charges....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-avoid-factoring-invoice-discounting-disbursements-additional-charges.html - How To Avoid Long Factoring & Invoice Discounting Notice Of Termination Periods
One of the things that sometimes deters businesses from using invoice finance is the fear of long periods of notice of termination required in order to terminate the factoring or invoice discounting...
There are several options for businesses that want to know how to avoid long notice of termination periods for factoring and invoice discounting:...
The terms and conditions do vary between providers but our independent advisers can help you understand the differences if required....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-avoid-long-factoring-invoice-discounting-contract-periods-termination.html - How To Calculate Funding Released With Invoice Finance
Calculating the level of funding that will be released by invoice finance is not always as simple as multiplying the value if your sales ledger by the initial payment percentage or early payment...
There are other restrictions that you may encounter including: Prime Debtor Restriction - typically a percentage that limits the level of funding against one or in some cases several customers that...
If you are being restricted by any of the above our advisers may be able to find you an invoice finance company that offers a facility without that restriction....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-calculate-funding-released-with-invoice-finance.html - How To Check That FundInvoice Is Trustworthy
It is important to us that clients are able to check that FundInvoice is a trustworthy, bona fide organisation. Therefore, we have listed a number of ways that you can: Check FundInvoice's...
It is important that you confirm the identity, and reputation, of any financial intermediary. We have seen plenty of examples of websites where you cannot even clearly identify the business that you...
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-check-that-fundinvoice-is-trustworthy.html - How To Get Approved For Factoring
Below are 5 tips about how to get approved for a factoring facility....
These are simple things that you can do to improve your chances of being approved for factoring:...
1) Invoice in arrears - factoring companies are all about the quality of your sales invoices. They will often overlook poor financials if your debtor book is strong. One of the key issues for a...
2) Tidy up your sales ledger - make sure your debtor ledger is in the best condition possible - this will persuade the factor that it will be simple to collect reducing the fees that they charge and...
3) Show why you want factoring and demonstrate that the funding will be enough - one of the key concerns of the factoring company will be to ensure that you will have enough cash to keep trading and...
4) Be open and honest with the factoring company - don't try to hide things from the factor. They will undertake checks that may well expose anything that you try to hide and this will lead to...
5) Have all your information ready - most factors will send you a list of what they need to see, this may include debtors ledger, creditors ledger, sales invoices invoices, purchase invoices,...
Following the 5 tips above will help you increase your chances of getting approved for factoring. For help call FundInvoice on 03330 113622....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-get-approved-for-factoring.html - How To Get Out Of A Factoring Arrangement
In many of the cases that we deal with factoring is seen by our client as an excellent solution for their business, the provision of cash flow through early payments against outstanding invoices and...
However, in some cases we deal with clients that are using factoring but want to know how to get out of a factoring arrangement as they do not want the factoring company undertaking the credit...
There are solutions available. Confidential Invoice Discounting provides finance against our client's invoices but the client retains the credit control function in-house, hence the cost can be...
In some cases clients may have been told that they are too small or not financially strong enough for Confidential Invoice Discounting. Fortunately at least one of our invoice discounting partners...
If you fall into any of these categories and are interested in Confidential Invoice Discounting as an alternative to factoring please contact my team....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-get-out-of-a-factoring-arrangement.html - How To Get Out Of A Factoring Contract
This article describes 10 steps to get out of a factoring contract: Get Out Of Factoring Article. I put the link up as I have noticed a few people searching for help on this, despite most factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-get-out-of-a-factoring-contract.html - How To Get Out Of Factoring In 10 Steps
Factoring helps thousands of businesses and we have many clients that are very happy using factoring facilities. However, we were recently contacted by a business that wanted to know how to get our...
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-get-out-of-factoring-in-10-steps.html - How To Make A Successful Factoring Application
How to make a successful factoring application is not just down to following a set process, there are other factors, such as the nature of your business that will play a part in the outcome. However,...
If you are looking to set up a factoring facility, there are a number of steps that you can take in order to maximise the chances of your factoring application being successful....
Although the factoring company will undertake the credit control and sales ledger management for you, they are funding against your debts and this funding will still be affected by the quality of the...
In order to avoid this., You can clean up your sales ledger get advance. This would mean going through the ledger, chasing in any overdue payments (see our guide to credit control), and allocating...
Factoring is all about cash flow. Receiving prepayments against invoices means that you will have more cash available than you do at present. Any factoring company will want to assure themselves that...
You can demonstrate this by producing a cash flow forecast, including prepayments from the factor's facility....
Also having a basic business plan can demonstrate the opportunities that your business is looking to exploit and build confidence in your venture. See our free guide to business planning which is...
Another aspect of your sales ledger which is of interest to factoring companies, is the amount of potential offsets against your outstanding sales invoices. The reason for this, is because this...
In order to maximise prepayments, you can minimise the amount of potential offsets on your sales ledger. For example, these could include things such as contra accounts, where you have a balance on...
Another issue is the prevalence of credit notes. If there are likely to be a lot of credit notes, due to disputes or administration issues, this can reduce the amount of funding that the factoring...
In order to combat this, you should clean up practices and minimise the amount of credit notes that are issued....
One of the metrics that a factor will consider is the volume of turnover that you expect to transact. The pricing for your facility will be predicated upon this projected turnover for the next year....
If you inflate your projections, you may achieve a lower set of charges, but they are likely to include minimum charges that may come into play. Similarly, if you understate the amount of projected...
You should see our research regarding minimum fees, to understand how factoring companies approach setting these parameters....
A factoring broker such as FundInvoice, will be able to assist you in identifying the information that is critical to the factoring company, and presenting it in an appropriate way. For help, please...
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-make-a-successful-factoring-application.html - How to Maximise Your Chances of Getting Factoring
We have just published an article that sets out our top 10 tips to maximise your chances of getting a factoring facility....
It covers issues such as:...
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-maximise-your-chances-of-getting-factoring.html - How To Overcome Late Payment Excuses
Help about how to handle late payment excuses from debtors that owe you money: How To Overcome Late Payment Excuses....
Part of our archive of materials about running your own credit control function in-house....
http://www.fundinvoice.co.uk/blog/factoring/post/how-to-overcome-late-payment-excuses.html - If Receivables Financing is Good Enough for a Dragon from the Den
Just came across a link to an article in Trade Finance which mentioned that James Caan's private equity firm apparently used a receivables financing package as part of the funding to fund a...
http://www.fundinvoice.co.uk/blog/factoring/post/if-receivables-financing-is-good-enough-for-a-dragon-from-the-den.html - UK Imports Growing
HMRC Overseas Trade statistics show imports to the UK growing again in August 2016, continuing to show growth since 2015 levels. Exports however have continued to show a decline over recent months....
During August 2016 the value of exports (EU and Non-EU) decreased to £23.3 billion, and imports (EU and Non-EU) increased to £41.4 billion, compared with July 2016. Therefore, the UK is a...
Whether you are an importer or an exporter there are financing options available to help you....
If your are bringing goods into the UK, you can get funding to pay your suppliers (whether you are buying to order or to stock). This kind of trade finance, or import finance can help you bridge the...
Exporters on the other hand can access export factoring which will enable them to get funding against unpaid invoices to overseas customers. Factoring also provides a credit control service, to help...
http://www.fundinvoice.co.uk/blog/factoring/post/imports-growing-exports.html - Improving Your Cash Flow Forecast With Factoring Blank Example Spreadsheet
Below is a link to a new article about improving the cash flow forecast of your business through factoring to bridge the credit gap between invoicing and getting paid. The article includes a blank...
http://www.fundinvoice.co.uk/blog/factoring/post/improving-your-cash-flow-forecast-with-factoring-blank-spreadsheet-example.html - Invoice Auction Web Sites - The Advantages & Disadvantages
This is a link to a new article which explains the advantages and disadvantages of invoice auction web sites when compared with traditional invoice finance companies: Invoice Auction Web Sites...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-auction-web-sites-the-advantages-disadvantages.html - Invoice Discounting Client Life 73% Longer Than Factoring
Continuing to analyse the results of our market research survey of 100 existing invoice finance clients and I looked at the split between factoring and invoice discounting users....
Of the respondents 54% used invoice discounting and 46% used factoring - a relatively even split with a slight bias towards ID. I went on to analyse the time that each respondent had used the service...
The average client lives were as follows:...
It must be remembered that this is a snapshot of the position as at the time of our survey - some of these clients will continue to use these services beyond their current client life and this will...
The results show the client life for invoice discounting clients to be 73% longer than for factoring products which is a significant difference. Your first thoughts might be that clients are happier...
Anyone have any thoughts or theories?...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-discounting-client-life-73-longer-than-factoring.html - Invoice Discounting Clients Only 5.1% More Satisfied Than Factoring Clients
We have recently completed a large survey of 1,000 factoring and invoice discounting existing clients across a broad list of different factoring and invoice discounting companies. This list was drawn...
One of the questions we asked them was how satisifed are you with your existing invoice finance company? Specifically we asked: Out of 10 with 10 being excellent and 0 beingterrible, how would you...
We have analysed the results in a number of ways but one way of cutting the data was to separate users of factoring (where they receive funding and a sales ledger credit control service) and invoice...
The result was that the invoice discounting users were on average only 5.1% more satisfied than the users of factoring. A very small difference which indicates that clients appears fairly equally...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-discounting-clients-5-1-more-satisfied-than-factoring-clients.html - Invoice Discounting Masquerading As Factoring
Recently, we have spoken to several businesses who have had lukewarm opinions of factoring generally due to the existing service that they are using failing to assist them in collecting their...
In order to be described as factoring the service must include some element of credit control service but there are offerings on the market where the majority of the credit-control is left to the...
This practice is not doing the industry any favours as we frequently speak to clients that incorrectly perceive all factoring companies as being the same and anticipate a similarly poor credit...
In reality, this in not the case. There are plenty of factoring companies that offer a comprehensive factoring credit control service that their clients can rely on to alleviate the need for them to...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-discounting-masquerading-as-factoring.html - Invoice Discounting Or Factoring Cash Within 24 Hours
We have just had a very successful meeting with a new factoring and invoice discounting company who have just completed a deal within 24 hours of having received the lead. That is just 24 hours...
So if you need to generate cash within a very short period of time this could be a very effective option....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-discounting-or-factoring-cash-within-24-hours.html - Invoice Factoring Mystery Shopping Results
The results of our invoice factoring mystery shopping exercise will be published shortly. The mystery shopping survey compared the invoice factoring prices between different providers to find who was...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-factoring-mystery-shopping-results.html - Invoice Factoring Online
I am just putting together an article about invoice factoring online and to what extent you can complete the whole transaction of signing up for invoice factoring and then running your factoring...
Please get in touch if you can really offer "end to end" invoice factoring online....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-factoring-online.html - Invoice Factoring Online Article
Article about accessing invoice factoring online: Invoice Factoring Online....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-factoring-online-2.html - Invoice Finance Is A Well Kept Secret
In our survey, we asked the SMEs that we interviewed why they thought that so few UK businesses used invoice finance. The Asset Based Finance Association's figure for the total number of...
31% of respondents thought that businesses just hadn't heard of invoice finance. Some respondents also thought that the factors were not promoting the products sufficiently....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-a-well-kept-secret.html - 80 Percent Of Businesses Have Not Seen Invoice Finance Advertising
As part of our continued investigation into the low numbers of businesses using invoice finance, we asked a sample of 100 SMEs (Small and Medium Sized Businesses) if they had seen any advertising for...
A staggering 80% of businesses had seen absolutely no invoice finance advertising whatsoever!...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-advertising.html - Invoice Finance Against Government Green Deal Scheme Installer Invoices
I have just put up a news article about the enquiries we have received recently seeking invoice finance against installer invoices relating to the government's Green Deal scheme. The Green Deal...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-against-government-green-deal-scheme-installer-invoices.html - Invoice Finance Against RPO Pay As Paid Contracts
Invoice finance against recruitment invoices to RPOs, with "pay as paid" clauses in the contract, may be available from our funding partners, in some cases. I came across the following article which...
The article highlights the problem that invoice finance companies normally have problems funding these invoices as they may not be paid if the RPO ultimate buyer fails to pay. It mentions that...
We have had these issues with recruitment clients in the past but we had a recent meeting with a well-known invoice finance company that is prepared to fund invoices with "pay as paid" contract...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-against-rpo-pay-as-paid-contracts.html - Invoice Finance And Factoring Infographics
A new gallery of all our infographics is now online, including our market research summaries and general infographics about factoring and invoice discounting:...
Invoice Finance And Factoring Infographics...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-and-factoring-infographics.html - Invoice Finance & Factoring Bucking the Economic Trend?
We were recently contacted to contibute something to an article that is being written about businesses that are "bucking the economic trend" and recruiting more staff in the new year. If any level of...
For us there is also another issue around staffing and that is the status of the people that work within our businesses. With the exception of our core team, in recent times we have sought to...
Many functions can now be "outsourced" such as web related work, marketing etc. which formerly would have been handled in-house. Historically "outsourced" inferred some kind of faceless call centre...
We have been fortunate enough to see a growing demand for invoice finance and factoring over the last year and we hope that trend will continue, at least there are a few sectors, such as ours, that...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-bucking-the-economic-trend.html - Invoice Finance Can Help New Starts & High Growth But Most Can't Access Funding
Looking back over two recent surveys one of 100 new start businesses and our most recent survey of 100 high growth businesses (20%+ pa) and there are a number of interesting similarities. Both...
There is a huge opportunity here for the invoice finance industry....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-can-help-new-starts-high-growth-but-most-cant-access-funding.html - Invoice Finance Clients Seem Generally Happy
In my new article I look at recent research about the number of existing invoice finance clients that are thinking of moving providers and why: Research Article...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-clients-seem-generally-happy.html - Invoice Finance Company Struggling To Pay You?
Is your invoice finance company struggling to pay you? Every now and again we hear rumours of an invoice finance company having financial problems and issues paying their clients. We recently spoke...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-company-struggling-to-pay-you.html - Invoice Finance, Factoring and Invoice Discounting Market Research Conclusions
Below is a summary list of the key invoice finance market research findings and conclusions following publication of our latest comprehensive invoice finance market research report, which includes...
These are the additional findings from just this latest research report:...
These were the findings and conclusions from the previous two reports:...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-factoring-invoice-discounting-all-the-market-research-conclusions-so-far.html - Invoice Finance For A One Man Band StartUp Business
We were recently able to help a start-up business that was effectively a one-man band....
The business had a very low turnover and because of its start-up nature was looking to raise finance to improve its cash flow....
The business had already been rejected by 5 different factoring companies but we were able to find them a cost-effective facility within a few days despite them having been turned down by several...
Not all factoring companies are the same, the fact that a business may be turned down by one or more factoring companies does not mean that there will not be factors out there that are prepared to...
More factoring deals to follow. . ....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-for-a-one-man-band-start-up-business.html - Invoice Finance Factoring & Invoice Discounting Market Research Summary Published
I have produced an summary of all the invoice finance, factoring and invoice discounting market research results that we have conducted so that all the results, that have been published on this blog...
Please feel free to reuse the content providing you credit me as the source - and a link back to this site is always appreciated! :o)...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-market-research-summary-published.html - Invoice Finance Mystery Shopper Full Free Report
The full report from the invoice finance mystery shopper exercise that FundInvoice completed in October 2014 is now available. You can download it free of charge:...
Invoice Finance Mystery Shopper Report...
It explains:...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-mystery-shopper-full-free-report.html - Invoice Finance On Pinterest
I have set up a new Pinterest board with pins relating to invoice finance and factoring. It includes many of our research infographics: Invoice Finance & Factoring Pinterest Board...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-on-pinterest.html - Invoice Finance Predictions for 2010 Continued
Yesterday I posted my first 3 predictions for 2010. Below are 2 more predictions for the invoice finance market during 2010:...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-predictions-for-2010-continued.html - Invoice Finance Research Community On Google+
I have set up a new "community" on Google+ to allow sharing or invoice finance, factoring and invoice discounting related market research findings. Anyone can join....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-research-community-on-google.html - Invoice Finance Research Summaries
We have added a research area to the FundInvoice site with links to each of the three invoice finance related market research summaries: Invoice Finance Market Research...
Anyone involved with the invoice finance market, or considering using invoice finance should take a look at our research findings and you can always talk to Sean confidentially for some free,...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-research-summaries.html - Invoice Finance Should Be The Natural Choice For Problems Raising Business Finance
Invoice finance, such as factoring & invoice discounting, should be the natural choice for businesses that are anticipating problems raising business finance for their businesses. However, our...
Of the 59% of businesses that said they were anticipating problems raising business finance during 2011 (100 SMEs sampled), these were their reasons for that expectation:...
Invoice finance could be available in all of these situations, and in some cases from bank-backed invoice finance houses....
Find out more about SME Invoice Finance....
This perception is not becoming common knowledge as invoice finance should be the natural choice in many of these cases....
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-should-be-the-natural-choice-for-problems-raising-business-finance.html - Invoice Finance Users Generally Only Have Cost Issues
Following on from my previous post, it is interesting to note that the invoice finance users that we surveys generally only had issues with the costing of the facility....
It has been suggested by some parties that other issues such as flexibility of funding may have been major points that existing clients would want to address however the actual research results...
http://www.fundinvoice.co.uk/blog/factoring/post/invoice-finance-users-generally-only-have-cost-issues.html - Is Cheap Factoring Always Best Factoring
It is interesting to note that we have had a number of enquries recently from businesses who already use factoring and are looking to change providers but NOT in order to save on cost. What we have...
Going back a couple of years, when these businesses started using factoring, there were some very cheap factoring deals on the market and those rates were able to be offered as the factoring company...
It seems that with the advent of the credit crunch and the recession the job of credit control, chasing in the unpaid sales invoices for a company, has got tougher. It is no longer enough for a...
What we have seen is businesses seeking out an improved credit control service as the cut-priced factoring facility they already had is not providing the level of service needed to get their invoices...
http://www.fundinvoice.co.uk/blog/factoring/post/is-cheap-factoring-always-best-factoring.html - Is Debt Factoring A Type Of Outsourcing
The simple answer is that yes (to a point) debt factoring is a type of outsourcing. However, there is more to these types of factoring products than just the outsourcing element....
Debt factoring delivers a number of key services....
This is support from a factoring company's (or factor's) credit control team to assist or fully manage the process of collecting payments from your customers. The extent to which this is a...
Some providers, particularly the independent factors, will offer you a fully comprehensive service whereby you will not need to retain credit controllers in-house or handle the process yourself. This...
The factor will normally provide you with what is called a "prepayment" against your unpaid sales invoices. This can be c. 85% (more in some cases) paid to you when you raise the invoice so that you...
Whilst this is part of a normal facility, this aspect would not really be considered a form of outsourcing....
The other common facet of these facilities is the provision of "bad debt protection" (BDP). This is often an optional extra, although you may be required to have BDP in some cases if your situation...
Some factors will be able to provide you with Payroll Management. This is an outsourced service to handle your payroll and all the paperwork associated with it. Not all providers offer this option,...
Within the construction sector, funders also tend to use Quantity Surveyors (QS), to look at the contracts that regulate the transactions that are being funded. In some cases, you can get access to...
So the answer to the question "Is debt factoring a type of outsourcing?", it that yes, it definitely has elements that are outsourced. However, there are other aspects that are just beneficial...
It is also worth making the point that you don't need to take out a factoring facility in order to access outsourced services such as credit control, and payroll management. Both can be provided...
http://www.fundinvoice.co.uk/blog/factoring/post/is-debt-factoring-a-type-of-outsourcing.html - Is It Time for a Code of Practice for Invoice Finance Companies?
A recent issue with a client of a bank owned factoring company led me to investigate the existence of any code of practice, either compulsory or voluntary, that would govern the actions of the...
However, there seems to be no published code of conduct available against which an invoice finance provider's actions can be measured....
The business banking code:...
. . . does not include invoice finance, so has no bearing, and there is no published code of conduct from the ABFA which is the industry body for the invoice finance industry, although apparently...
Conversely invoice finance brokers, that are members of NACFB, are bound by a published code of conduct - it would seem time for the invoice finance companies to follow suit and publish a code of...
http://www.fundinvoice.co.uk/blog/factoring/post/is-it-time-for-a-code-of-practice-for-invoice-finance-companies.html - January 2010 Invoice Finance Newsletter Published
Please feel free to read our free January 2010 Invoice Finance newsletter that includes information and advice about factoring, invoice discounting and improving business cash flow....
http://www.fundinvoice.co.uk/blog/factoring/post/january-2010-invoice-finance-newsletter-published.html - July 2015 Invoice Finance Market Research Findings Available
Our July 2015 market research report into the invoice finance sector is now online and can be downloaded in PDF format: July 2015 Invoice Finance Market Research Report (note this will open our news...
The report covers a number of areas that we have researched such as:...
Your feedback is welcomed as always....
http://www.fundinvoice.co.uk/blog/factoring/post/july-2015-invoice-finance-market-research-findings-available.html - Last Minute Factoring
It is striking how many prospective clients leave arranging a factoring facility until the very last minute. Another common characteristic is that initially there is a lot of pressure from the client...
http://www.fundinvoice.co.uk/blog/factoring/post/last-minute-factoring.html - Latest ABFA Factoring & Invoice Discounting Statistics
The latest Asset Based Finance Association (ABFA) statistics have been published for Q1 2009....
They show reductions in the amount of funds provided and contractions in client turnover but they also show a reduction of c. 3% in the actual number of clients across the members....
The invoice finance market is tough but we are still seeing growth in our own client book, indeed having recently had our best month ever for new factoring and invoice discounting clients. There are...
It is however ironic to think that in times when many financial institutions are on their knees this niche sector, that is perfectly adapted to lending throughout a recession, is not making more of...
http://www.fundinvoice.co.uk/blog/factoring/post/latest-abfa-factoring-invoice-discounting-statistics.html - Latest Factoring & Invoice Discounting Newsletter Published
To read a copy of our latest free factoring and invoice discounting #newsletter please see: October 2012 Invoice Finance Newsletter...
The newsletter contains details of new product offers, case studies and survey results that we have published....
http://www.fundinvoice.co.uk/blog/factoring/post/latest-factoring-invoice-discounting-newsletter-published.html - Latest Free Invoice Finance Newsletter Available
The free June 2013 invoice finance newsletter is available for you to download free of charge from our website....
You can also subscribe to receive future copies of the Invoice Finance newsletter direct to your email inbox, free of charge....
This latest newsletter includes the following articles:...
http://www.fundinvoice.co.uk/blog/factoring/post/latest-free-invoice-finance-newsletter-from-available.html - Latest Newsletter Cheap Factoring, Selective Invoice Discounting And Export Factoring
Our latest factoring newsletter brief is complete! The April issue of our factoring newsletter includes a number of product updates including: factoring for just £3,000 service charge per...
http://www.fundinvoice.co.uk/blog/factoring/post/latest-invoice-factoring-newsletter-brief-written-cheap-factoring-selective-invoice-discounting-export-factoring.html - List Of Export Factoring Territories & Countries
A list of export factoring countries and territories has been added to our site. It also shows those countries that you may be finding difficult but we may be able to help with, depending on the...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-export-factoring-territories-countries.html - List Of Invoice Finance Companies In The UK
We have just put up a list of invoice finance companies in the UK on the FundInvoice site. There are probably about 60 invoice finance companies on the list after taking out a few names which form...
It's interesting to see that there are a number of new invoice finance companies added to the list and a few names have disappeared due to takeovers/mergers etc. within the invoice finance...
If anyone can think of any additions let me know and I will update the list of invoice finance companies!...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-invoice-finance-companies-in-the-uk.html - List of Pet Hates Regarding Invoice Finance
We interviewed a sample of 100 SMEs and asked them to set aside any issues about cost and tell us what they disliked about invoice finance (factoring & invoice discounting) - their "pet hates"....
Their answers were as follows:...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-pet-hates-regarding-invoice-finance-cost-factoring-discounting.html - List Of The Best Known Factoring Companies
As part of our recent research into the factoring market, we asked 100 SME businesses to name the first invoice finance company that they could name. From their responses we compiled the following...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-the-best-known-factoring-companies.html - List Of UK Factoring Companies & Help
If you are looking for a list of the factoring companies in the UK please see this page: UK Factoring Companies List....
Most of the companies on the list will offer both factoring and invoice discounting services but if you want some more specific guidance please call Sean on: 03330 113622 and he will be happy to give...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-uk-factoring-companies.html - List Of UK Factoring Companies
FundInvoice has a list of UK factoring companies and we would be happy to put you in contact with them. There are more than 60 factoring companies within the UK and the products that they offer may...
For example, in some cases they may offer a full comprehensive credit control service in other cases the service may only include chasing the large accounts on your sales ledger. FundInvoice is able...
http://www.fundinvoice.co.uk/blog/factoring/post/list-of-uk-factoring-companies-2.html - Lists Of Global International Factoring Companies Worldwide
If you are looking for lists of factoring companies around the world, I have put together a page with some helpful links to lists of global international factoring companies worldwide provided by...
http://www.fundinvoice.co.uk/blog/factoring/post/lists-of-global-international-factoring-companies-worldwide.html - Lord Turner Predicts Losses From Peer-To-Peer Lending
In a piece published by the BBC, former city regulator, Lord Adair Turner was quoted as saying "The losses which will emerge from peer-to-peer lending over the next five to 10 years will make the...
One might argue that the P2P industry has not yet felt the full brunt of a "real" recession. I recall working in invoice finance client management back in the 90's and seeing a quarter of the...
Time will tell no doubt tell who is right....
You can read the BBC's full article here: http://www.bbc.co.uk/news/business-35537714...
Catalyst have published a response to these comments, asserting their confidence in the risk controls within the alternative finance market. Read their response here:...
http://www.fundinvoice.co.uk/blog/factoring/post/lord-turner-predicts-losses-from-peer-to-peer-lending.html - Martin Morrin of Royal Bank Of Scotland Invoice Finance New Chairman of ABFA
Martin Morrin of the Royal Bank Of Scotland Invoice Finance has been appointed as the new chairman of the ABFA (Asset Based Financing Association) replacing John Onslow of Centric Commercial Finance:...
http://www.fundinvoice.co.uk/blog/factoring/post/martin-morrin-of-royal-bank-of-scotland-invoice-finance-new-chairman-of-abfa.html - Mathematical Factoring Resources
We have had web views looking for maths help with mathematical factoring whereby you identify the components or a number i.e. its factors. Here is a link to a page with a list of relevant resources:...
http://www.fundinvoice.co.uk/blog/factoring/post/mathematical_factoring_resources.html - May 2010 Invoice Finance Newsletter Brief Written
The brief for our May 2010 invoice finance newsletter has been written. This months newsletter includes a case study of a quotation for £3K per annum factoring, an article about construction...
http://www.fundinvoice.co.uk/blog/factoring/post/may-2010-invoice-finance-newsletter-brief-written.html - Minimum Service Standards for Factoring Brokers
We just had a call from a prospective client enquiring about a factoring facility and they mentioned that they had phoned two other invoice finance brokers but neither of them had called them back!...
The prospect also mentioned that since the advent of the credit crunch his existing factoring company are becoming more and more difficult to deal with, introducing additional restrictions to the...
http://www.fundinvoice.co.uk/blog/factoring/post/minimum-service-standards.html - Mistake - 73% Think Invoice Finance Is As Hard To Qualify For As Overdraft
When we spoke to a sample of 100 SME businesses about their financing we asked them to comment on how difficult they thought it would be to qualify for invoice finance (factoring & invoice...
73% of respondents thought that it would be just as hard to qualify for invoice finance as to qualify for an overdraft. This indicates a huge misunderstanding about how easy it is to get invoice...
We went on to ask those respondents why they though it would be as hard to get invoice finance as it would be to get an overdraft. 89% of those that said it would be equally hard said the reason for...
The remaining 11% of those that thought it was equally difficult to qualify for invoice finance and overdraft said that they thought that their "credit rating" would be the key issue in both cases....
http://www.fundinvoice.co.uk/blog/factoring/post/mistake-invoice-finance-as-hard-to-qualify-for-as-overdraft.html - More Details Of That 50 Percent Invoice Finance Cost Saving
Yesterday I mentioned that we had managed to find one prospect an invoice finance deal that would save them 50% of their current costs, today I have more details of that cost saving case study....
The prospect was a small wine supplier that had a recourse factoring deal from a bank owned factoring company....
They were paying a combined service charge and discount charge of over £12,000 per annum in combined fees which we were able to reduce by 50% by finding them an alternative factoring company,...
This has been achieved using our free quotation search so it has not cost our client anything and they have saved £6K each year....
http://www.fundinvoice.co.uk/blog/factoring/post/more-details-of-that-50-invoice-finance-cost-saving.html - More Market Research Results
In our market survey of 100 SME's we asked them how the time taken by customers to pay sales invoices had changed over the last year....
66% of respondents thought the time taken to get sales invoices paid had increased....
Of these respondents only 1 had ever used an invoice finance facility. Factoring companies can often achieve a much improved debt turn for their clients i.e. chasing in payments quicker....
More coming soon . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/more-market-research-results.html - Most Popular Invoice Finance Products
I have just analysed the last 20 deals that we completed to see which invoice finance products were most popular....
Eleven were recourse factoring, four were non recourse factoring (with bad debt protection). Just two were confidential invoice discounting, one was export factoring, one was export CID and one was a...
Interesting that recourse factoring (funding with a credit control service) was by far the most popular product despite many in the industry believing that invoice discounting (funding without credit...
http://www.fundinvoice.co.uk/blog/factoring/post/most-popular-invoice-finance-products.html - Nearly 6 Times More Crowdfunding Awareness Than Factoring
Recent research suggests that businesses are nearly 6 times more aware of crowdfunding related advertisements than they are aware of advertisements for factoring and invoice discounting: Crowdfunding...
http://www.fundinvoice.co.uk/blog/factoring/post/nearly-6-times-more-crowdfunding-awareness-than-factoring.html - Need Help Paying Suppliers
If you need help paying your supplier's invoice, finance can help. If you have unpaid sales invoices outstanding to your customers, invoice finance can release a large proportion of that debt to...
You can use that cash for any purpose, including paying your creditors and suppliers. This can dramatically reduce creditor pressure....
As you raise more sales invoices, the invoice finance company will release more cash to you. The level of funding grows as your sales ledger grows, keeping pace with the growth in your business...
Call Sean, in confidence, to find out more: 03330 113622...
http://www.fundinvoice.co.uk/blog/factoring/post/need-help-paying-suppliers.html - New Article About Local Authority Debtors Credit Control
We have published a new article about undertaking credit control in respect of UK local authority debtors. The article includes some advice and tips about what to do to get paid: Local Authority...
http://www.fundinvoice.co.uk/blog/factoring/post/new-article-about-local-authority-debtors-credit-control.html - New Article On LinkedIn About Factoring And Invoice Discounting Users
New article on LinkedIn about what existing users say about factoring and invoice discounting: 98% Of Users Will Recommend Invoice Finance | Glenn Blackman | LinkedIn:...
It includes details of the number that have not checked their invoice finance pricing during the last year and FundInvoice's track record on finding 35% average cost savings for clients....
http://www.fundinvoice.co.uk/blog/factoring/post/new-article-on-linkedin-about-factoring-and-invoice-discounting-users.html - New Article Top 10 Tips Comparing Factoring Quotations
i have just put a new factoring article up on the site, our "Top 10 Tips for Comparing Factoring Quotations"....
http://www.fundinvoice.co.uk/blog/factoring/post/new-article-top-10-tip-comparing-factoring-quotations.html - New Article With Quotes From Existing Factoring Or Invoice Discounting Clients
This article sets out 14 actual quotes from existing clients using factoring or invoice discounting: Quotes From Factoring Or Discounting Clients...
The article shows the overall positive perception that clients have of these products and the issues they see that are stopping more businesses from using invoice finance....
http://www.fundinvoice.co.uk/blog/factoring/post/new-article-with-quotes-from-existing-factoring-invoice-discounting-clients.html - New Case Study - Bodyshop Car Repairs Funded
A new case study detailing how FundInvoice were able to find factoring for a bodyshop car crash repair garage that were invoicing insurance companies: Factoring Bodyshop Car Repairs...
For help call Sean on: 03330 113622...
http://www.fundinvoice.co.uk/blog/factoring/post/new-case-study-bodyshop-car-repairs-funded.html - New Crowdfunding Vs Invoice Finance Research
I have published a new piece of research comparing some aspects of crowdfunding with invoice finance (advertising awareness). You can read my full article here: Crowdfunding Vs Invoice Finance...
http://www.fundinvoice.co.uk/blog/factoring/post/new-crowdfunding-vs-invoice-finance-research.html - New Factoring, Invoice Discounting & Invoice Finance Articles
There are a number of new articles about factoring, invoice discounting and invoice finance that have now been added to our main site: The 8 Most Well Known Invoice Finance Companies The Potential...
http://www.fundinvoice.co.uk/blog/factoring/post/new-factoring-invoice-discounting-invoice-finance-articles.html - New Fast Growth & Trade Finance Market Research Surveys Planned
I have just completed the questionnaires for two more finance related market research surveys, fast growing companies and importers. The first is a survey of fast growing businesses, focusing in how...
http://www.fundinvoice.co.uk/blog/factoring/post/new-fast-growth-trade-finance-market-research-surveys-planned.html - New Free Factoring Newsletter Published
We have just published a copy of our February 2013 newsletter to the website....
This latest free factoring newsletter includes three case studies: Confidential Invoice Discounting where an overdraft was insufficient, Recourse Factoring for a recruiter and factoring for a...
http://www.fundinvoice.co.uk/blog/factoring/post/new-free-factoring-newsletter-published.html - New Invoice Finance And Business Climate Trends Survey Launched
I have just completed the design and launch of our new Invoice Finance & Business Trends Survey which seeks to find out business people's attitudes to the current business climate, the...
It is based on the short survey that I announced on the blog a few days ago but incoporates further questions that will be asked of business leaders by telephone regarding their opinions on invoice...
It should be completed in a couple of weeks time and as soon as I have some initial results I will post them up on this blog....
http://www.fundinvoice.co.uk/blog/factoring/post/new-invoice-finance-business-climate-trends-survey-launched.html - New Invoice Finance Market Research Findings Summary Part 3 Published
We have just published the third summary in the series of summaries from our Invoice Finance Market Research Programme which has continued over the last 3 years....
This summary includes:...
http://www.fundinvoice.co.uk/blog/factoring/post/new-invoice-finance-market-research-findings-summary-part-3-published.html - New Research Infographic Re Late Payments, Invoice Finance And Growth
I have published a new infographic which highlights just two key points from our research regarding UK late payment culture and enabling business growth through invoice finance....
http://www.fundinvoice.co.uk/blog/factoring/post/new-research-infographic-re-late-payments-invoice-finance-and-growth.html - Newsletter - 3K Saving, Construction Finance & Selective Invoice Discounting
The latest invoice finance newsletter is now available....
It includes details of the 3K factoring facility that we have been promoting, finance for businesses within the construction sector and selective invoice discounting without any minimum charges....
http://www.fundinvoice.co.uk/blog/factoring/post/newsletter-3k-saving-construction-finance-selective-invoice-discounting.html - No Minimum Base Rate For Invoice Finance & 28 Days Notice Of Termination
Please see the news article below for details of a recent offer available exclusively from one of its invoice finance providers. The offer gives our clients no minimum base rate or LIBOR rate and...
http://www.fundinvoice.co.uk/blog/factoring/post/no-minimum-base-rate-for-invoice-finance-28-days-notice-of-termination.html - No Service Charge Until April
One of the invoice finance companies that we deal with are currently offering new customers a special deal whereby they will pay no service charge until April 2016. Call Sean on 03330 113622 for...
http://www.fundinvoice.co.uk/blog/factoring/post/no-service-charge-until-april.html - Factoring Companies Service Levels Are Different
We have just had an interesting conversation with a prospective client over service levels, factoring companies service levels differ enormously. The client wants to improve the level of factoring...
We have seen dramatic variations in service from assistance with credit control, maybe chasing just the larger accounts, through to a full service package where the client does not need to employ...
We have also conducted extensive customer satisfaction surveys amongst factoring customers of different providers, and we have found that service levels can vary enormously. The quality of the credit...
Not all factoring credit control services are equal. Call Sean on 03330 113622 for help....
Source: Factoring Company Satisfaction Survey March 2014 - 46 respondents all using factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/not-all-factoring-company-service-levels-are-the-same.html - Not the Time to Shop Around for a Factoring Deal?
We had a factoring prospect over the last few days that was convinced that it was not the right time to shop around for a factoring deal due to the recession. The opposite is true. OK, the factoring...
We have found prospects quotes with minimum service charges of just £1,800 per annum and we have found deals at 1.5% over base rate so they are there to be had. It's just a case of knowing...
http://www.fundinvoice.co.uk/blog/factoring/post/not-the-time-to-shop-around-for-a-factoring-deal.html - November 2012 Free Factoring Newsletter Available
Our latest free factoring newsletter is now available....
http://www.fundinvoice.co.uk/blog/factoring/post/november-2012-free-factoring-newsletter-available.html - Offsetting The Cost Of Factoring Cost Savings Calculator
Our factoring cost savings calculator shows how you can offset the cost of factoring against the cost saving benefits, effectively achieving factoring for free: How to Get Factoring For Free - Cost...
You can adjust the values in the yellow boxes of the spreadsheet to see the potential cost benefits for your business from using factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/offsetting-the-cost-of-factoring-cost-savings-calculator.html - Online Factoring Calculator To Work Out Cost Savings
We have an online factoring calculator, which is an Exel spreadsheet, that allows you to work out the cost savings of using factoring over handling your own functions, such as credit control....
The online factoring calculator allows you to quantify cost savings in the following way. You enter the cost of your factoring facility. This will be the service charge and discount charge. The...
You can also enter details of any early payment discounts that you will receive from suppliers by having improved cash flow due to the use of factoring, which releases cash into your business. This...
The spreadsheet works out the cost of the factoring facility by calculating the service charge and discount charge. It will then calculate the cost of your existing credit control function by adding...
The spreadsheet then compares the cost of factoring with the savings that you can potentially make, and identifies either a net saving overall, or a net cost. In the example that is shown in the...
The calculations do not take into account other potential saving such as office space, HR time and training of credit control staff....
If you are still intent on running your own in-house credit control function, please see our credit control guide for details on how to operate your own invoice collections. If you would like to...
http://www.fundinvoice.co.uk/blog/factoring/post/online-factoring-calculator-cost-savings.html - Online Invoice Factoring
Online invoice factoring can have a number of different meanings, each of which I have addressed below. In general, terms, factoring normally refers to a facility that provides prepayments against...
The modus operandi of factoring facilities will be very different depending upon the provider (called a factor) that you choose....
COMPARE FACTORING QUOTES...
If you are looking for online access to factoring services there are providers that have web-based, and app-based, new customer approval processes. A very small minority can be completed without any...
Currently, we are only aware of one factoring company that will allow you to sign their agreement electronically....
If you are looking to manage your factoring arrangement online, most providers are able to accommodate this, and many insist upon it. The majority of factoring companies have an electronic interface,...
In some cases, the facility can be automated to the extent that your sales ledger uploads automatically in the background, from accounting packages such as Sage, without you needing to become...
So you will appreciate that "online invoice factoring" can be interpreted in a number of different ways, a broker service such as ours will help you find the service that best matches your...
Read our general: Guide To Receivables Finance. This explains all the various types of facilities that are currently available....
See our previous article: Invoice Factoring Online which provides a similar explanation of the modus operandi of online invoice factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/online-invoice-factoring.html - Online Monitoring of Debt Collection
One of the providers that we deal with that supply debt collection services, in respect of businesses or consumers that have unpaid invoices, recently demonstrated their automated debt collection...
http://www.fundinvoice.co.uk/blog/factoring/post/online-monitoring-of-debt-collection.html - Overdraft Compared With Factoring Calculator Released
We have just released our latest free calculator that compares the costs and benefits of using bank overdraft with those of using factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/overdraft-compared-with-factoring-calculator-released.html - Overpayments And How To Get Them
I have put up a new page about overpayments from factors and discounters: Overpayments...
http://www.fundinvoice.co.uk/blog/factoring/post/overpayments-and-how-to-get-them.html - Problems With Factoring Company Software Systems
We have just helped a client who had problems with the online factoring system that his existing factoring company were using and also wanted an improvement in the collections service. You might not...
http://www.fundinvoice.co.uk/blog/factoring/post/problems_with_factoring_company_software_systems.html - Protected Invoice Discounting Without Reconciliation
One of the invoice discounting companies that our invoice finance brokerage deals with has just launched a new improved version of its confidential invoice discounting product, with the addition of...
The way that their confidential invoice discounting product works is that it directly integrates with their client's accounting package e.g. Sage etc. and this eliminates the need for the client...
The improved version of the service is Protected in that the client also benefits from Bad Debt Protection, which is up to 100% cover against bad debts in respect of debtors that are granted credit...
http://www.fundinvoice.co.uk/blog/factoring/post/protected-invoice-discounting-without-reconciliation.html - Proving The Link Between Fast Turnover Growth And Invoice Finance
I am currently looking at how to prove the link between the use of invoice finance and becoming a fast turnover growth company. I have already conducted research which has identified a higher than...
http://www.fundinvoice.co.uk/blog/factoring/post/proving-the-link-between-fast-turnover-growth-and-invoice-finance.html - Quotes About Alternatives To Overdraft When Turned Down
If you are turned down for an overdraft that can often be the catalyst to finding your way to invoice finance. Invoice finance is often not an obvious option as it is not well known or understood by...
http://www.fundinvoice.co.uk/blog/factoring/post/quotes-about-alternatives-to-overdraft-when-turned-down.html - Quotes About Why Invoice Finance Users Picked Their Facility
Latest research article: Users of invoice finance - quotes - why they picked their facility....
There are many, very positive reasons stated in this extensive list that would be good for any considering invoice finance to read. Many of the benefits of factoring and invoice discounting are...
http://www.fundinvoice.co.uk/blog/factoring/post/quotes-about-why-invoice-finance-users-picked-their-facility.html - RBS Commercial Twitter Talks On Manufacturing, Automotive And Technology
#RBSmfgTalk #RBSTechTalk Really pleased to be asked by RBS Commercial to participate, once again, in their upcoming Twitter talks about manufacturing, automotive and technology. Last year's...
#ukmfg #manufacturing #ukmanufacturing...
http://www.fundinvoice.co.uk/blog/factoring/post/rbs-commercial-twitter-talks-on-manufacturing-automotive-technology.html - Reasons Not To Use Invoice Finance
I am currently putting together an article that analyses the feedback given to us by SMEs about why they think so few businesses use invoice finance in the UK....
The article and my analysis of the reasons not to use invoice finance will be published shortly....
http://www.fundinvoice.co.uk/blog/factoring/post/reasons-not-to-use-invoice-finance.html - Recent Factoring and Invoice Finance Case Studies
FundInvoice have posted a number of recent factoring & invoice finance case studies, to illustrate the kinds of deals that they have found for clients....
The 6 case studies include:...
http://www.fundinvoice.co.uk/blog/factoring/post/recent-factoring-and-invoice-finance-case-studies.html - Recourse Factoring for a Derbyshire Based Printer - Lower Rates, Better Service
This deal combined finding improved recourse factoring rates with improving on the service provided by the factoring company....
We spoke to this small Derbyshire based printer in order to understand the issues with their existing factoring company and they used our free, independent quotation search to find an alternative...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-for-a-derbyshire-based-printer-lower-rates-better-service.html - Recourse Factoring For A Recruitment Company Turning Over GBP650,000 Per Annum
Often we are able to assist businesses whose existing overdraft facilities are not sufficient to support the level of working capital that they require to run their business....
This was the case recently with a recruitment company turning over £650,000 per annum....
We were able to find them an invoice finance company that could provide a recourse factoring facility. The level of funding from the recourse factoring facility was more than could be provided by...
More recourse factoring deals to follow shortly. . ....
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-for-a-recruitment-company-turning-over-650000-per-annum.html - Recourse Factoring For An Alcohol Supplier Based In Yorkshire
Many businesses use recourse factoring in order to generate finance for their business. However, in some cases recourse factoring is also sought in order to provide support with credit control and...
This was the case recently with a supplier of alcohol, based in Yorkshire, who were seeking a recourse factoring facility to provide them with credit control support in addition to finance that would...
We were able to find them a recourse factoring facility with a provider that was able to both finance their expansion and sales growth and assist them in collecting outstanding and overdue sales...
In many cases, recourse factoring can enable a business to manage without the need to employ credit control staff or for the owners of the business to undertake such a time consuming function....
More recourse factoring deals to follow. . ....
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-for-an-alcohol-supplier-based-in-yorkshire.html - Recourse Factoring For Less Than GBP3500 Annual Service Charge
Good news for small businesses, there are still recourse factoring deals on the market, offered by our partners, with minimum annual service charges of £3,500 (+ VAT if applicable) or less. See...
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-for-less-than-3000-annual-service-charge.html - Deal Completed Recourse Factoring For Property Maintenance
Another one recently completed - recourse factoring for a property maintenance company based in Derbyshire. They were looking for finance in order to fund their growth. Recourse factoring provides...
More factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-for-property-maintenance.html - Deal Completed Recourse Factoring With Poor Credit Rating
We were recently able to assist a London-based clothing manufacturer, who was turning over £250,000 per annum, find a recourse factoring deal to support their growth plans....
The prime mover of the clothing manufacturing business had a poor credit rating and so had not been able to find a finance facility elsewhere. Credit ratings are often important when applying for...
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/recourse-factoring-poor-credit-rating.html - Increased Funding Against RPO Invoices For A Recruitment Company
We have helped numerous recruitment companies that have experienced funding restrictions against RPO debtors. This particular recruiter was turning over £600K pa and was using an invoice...
We were able to introduce 2 different alternative financiers, both of whom could relax the funding restrictions. People always, wrongly, assume that these types of restrictions will be common to all...
The client eventually went ahead with the offer that they received from an independent provider, that we had introduced. The company will benefit from having a "small company" approach, rather than...
The new funder offered a dramatic increase to a 50% maximum prime debtor restriction against the RPO, significantly increasing the client's working capital finance levels. Additionally, the...
Another example of where we have been able to help companies whose funding has been restricted with regard to RPOs....
Article - Funding Invoices For Recruiters...
Article - Invoice Finance Companies That Offer RPO Invoice Finance...
http://www.fundinvoice.co.uk/blog/factoring/post/recruitment-rpo-invoices-increased-funding-levels.html - Reduce Factoring Service Charge By Two Thirds
Would you like to reduce your factoring service charge by two-thirds? That's the range of quotes that we received in a recent mystery shopper pricing comparison exercise....
Whilst overall fees varied by a factor of 2.7 times, service charge quotations varied by a multiple of just over 3 times....
That is the scale of difference that we found in the recourse factoring service charge quotes that we received during a recent mystery shopper market research exercise. The cheapest service charge...
Of course, there may be other differences in quotations, but in this case, these were relatively minor....
This demonstrates how you could randomly select a few invoice finance companies without understanding the pricing differences and you could end up paying significantly more than you need to....
Also, bear in mind that these factoring fees were quoted without any further renegotiation. It doesn't necessarily apply in all cases, but in some cases, a factor may be prepared to reduce their...
Therefore, it is possible that there may be some room for renegotiation on these fees, either increasing or reducing the range of the quotes given....
We have the infographic above regarding this research that you can use on your site. instructions and a larger version of the image can be found here: Factoring Pricing Infographic....
You can find examples of typical factoring service charge quotes here....
Source: Recourse Factoring Mystery Shopper Study - January 2017 - A standard prospective customer was offered to a range of factoring companies, who each quoted their factoring service charge....
http://www.fundinvoice.co.uk/blog/factoring/post/reduce-factoring-service-charge-by-two-thirds.html - Regulation Of The Invoice Finance Industry
There has been some ongoing discussion about the pros and cons of invoice finance, factoring and invoice discounting becoming regulated products, i.e. being regulated by the FCA (Financial Conduct...
The case for FCA regulation of the invoice finance industry is often predicated upon the notion that hidden fees are widespread or that unfair contractual terms are the norm, with both cited as being...
The same goes for contractual terms. Many invoice finance companies now offer short contract periods and there are numerous "spot factors" and "selective invoice discounters" that allow customers to...
There would be a huge cost associated with regulation. The application fee alone, for an organisation to become FCA regulated, is between £1,500 and £50,000. Those costs will inevitably...
There are two other key facts that are pertinent. We surveyed 200 randomly selected existing invoice finance users, across a spectrum of different providers, and we found that 98% of existing invoice...
Secondly, the ABFA (Asset Based Finance Association), the UK invoice finance industry body, recently launched a code of conduct for their members and an Ombudsman process, to back up arbitration with...
The other argument that I have heard for regulation is that regulation is a prerequisite for the government to really get behind invoice finance and enable invoice finance to find a bigger share of...
Based on these key facts, I fail to see the argument that the invoice finance industry warrants further regulation. It would appear to be doing a good job of self regulation, as evidenced by low...
Replying to the question posted about where to get factoring related training - firstly, please contact Mike Vince who provides specialist training for the sector. Otherwise, UK Finance provide a...
http://www.fundinvoice.co.uk/blog/factoring/post/regulation-of-invoice-finance-industry.html - Research About Switching Invoice Finance Providers
I have published a new research article into switching invoice finance providers. The article looks at one of our studies of invoice finance users and determines whether they are currently using bank...
http://www.fundinvoice.co.uk/blog/factoring/post/research-about-switching-invoice-finance-providers.html - Research Hub Updated
I have updated the research hub with details of the mystery shopper exercise and a link to download a copy of the report. It shows the top 3 cheapest confidential invoice discounting, factoring and...
http://www.fundinvoice.co.uk/blog/factoring/post/research-hub-updated.html - Research Results Posted to Linkedin UK Invoice Finance Research Group
The UK Invoice Finance Research group on Linkedin now has 46 members and I have already posted up some of the research that we have conducted into the UK market. More research results will follow...
Please visit www.linkedin.com sign up to Linkedin and then join the UK Invoice Finance Research group which is open to anyone with an interest in the invoice finance, factoring and invoice...
http://www.fundinvoice.co.uk/blog/factoring/post/research-results-posted-to-linkedin-uk-invoice-finance-research-group.html - Recourse Factoring Deal Completed 30 Percent Saving On Recourse Factoring Fees
We were recently able to assist a printers that were turning over £300,000 per annum. Printing companies are highly suitable for invoice finance so they already had recourse factoring but were...
We found them a recourse factoring facility with an alternative factoring company and they were able to achieve a cost saving of approximately 30% on the fees that they were paying previously....
More recourse factoring deals to follow . . ....
http://www.fundinvoice.co.uk/blog/factoring/post/saving-on-recourse-factoring-fees.html - Scottish Company Factoring Arranged.
We have just been able to help a car body repairer find an alternative factoring facility, due to the fact that they advised us that their well known factoring company no longer wishes to provide...
I have mentioned before how different factoring companies will take different approaches to the type of customers that they will deal with. Not everyone funds car body repair centres, and there are...
To add another level of complication to this deal, they were a Scottish registered company based in Scotland. Which means that specialist Scottish agreements will be required, as they have a...
In order to provide a factoring arrangement to a Scottish company, the invoice finance company needs to have agreements that are effective for Scottish law, and a process to deal with their...
Factoring is a finance product that provides improved cash flow to a business. Firstly, it can release up to 100% of their invoice values, less a small percentage fee for using the service. In...
We were able to introduce the company to a specialist factoring company, that deal with both car body repair centres, and Scottish registered companies. They have completed the setup of their new...
See also: Invoice Finance In Southern Ireland....
http://www.fundinvoice.co.uk/blog/factoring/post/scottish-company-factoring-scotland.html - Sean Morrow Comments On The Golden Hello Offer
"Golden Hello" offer - up to £10,000 of invoice finance cost savings paid in advance. Sean Morrow, a Partner in FundInvoice said the following about the offer:...
"I believe the new 'Golden Hello' offer is a truly ground breaking offer for companies looking to save money by moving their Invoice Finance facility. No more having to wait a whole year to...
http://www.fundinvoice.co.uk/blog/factoring/post/sean-morrows-comment-on-the-golden-hello-invoice-finance-offer.html - Second Credit Crunch Coming
I just read an article highlighting the next potential problem for the economy arising from the continuing downward spiral of property prices which could lead to a second credit crunch....
The article suggests that banks could be exposed to £250bn of lending secured against UK commercial property and that if commercial property prices continue to fall half of this could need...
Maybe the factoring and invoice discounting finanicers will come into their own, as their funding is based on debtor book value as opposed to property values, if such a huge volume of lending does...
http://www.fundinvoice.co.uk/blog/factoring/post/second-credit-crunch-coming.html - Selective Invoice Discounting Select The Invoices You Want Cash Against
Selective invoice discounting has been available in some industry sectors for a long time but one of our invoice finance partners has recently launched a selective invoice discounting service which...
Selective invoice discounting allows the business using the facility to pick and choose which invoices they want to receive an initial payment against (typically up to 85% of the value of the...
The business then retains control of their own credit control function and this can help maintain their relationships with their customers....
A business can raise cash for any purpose, as and when they choose, using selective invoice discounting....
http://www.fundinvoice.co.uk/blog/factoring/post/selective-invoice-discounting-select-the-invoices-you-want-cash-against.html - Selective Invoice Finance And Invoice Auctions
New support service added to the FundInvoice site to help you get selective invoice finance and access to invoice auctions: Selective Invoice Finance And Invoice Auctions....
http://www.fundinvoice.co.uk/blog/factoring/post/selective-invoice-finance-and-invoice-auctions.html - Service Only Factoring - The Holy Grail?
When I started in factoring at Barclays, service only factoring deals were the holy grail in terms of new clients....
A service only customer didn't need any funding, so there was no risk of loss to the factoring company. Hence, these were the most desirable of clients. This no longer seems to be the case!...
We have had several instances where customers have contacted us for credit control service only, one very recently. However, many of the factoring companies are reluctant to get involved as they have...
This is not the first time we have had such issues, so we have taken the step of forging new relationships with companies that can provide just a credit control service without any funding, get in...
http://www.fundinvoice.co.uk/blog/factoring/post/service-only-factoring-the-holy-grail.html - Earn Commission
If you introduce a new invoice finance, factoring or invoice discounting client company to FundInvoice LLP, that we are not already dealing with, we will happily share any commission that we receive...
http://www.fundinvoice.co.uk/blog/factoring/post/share-our-commission.html - Shorter Invoice Finance Termination Periods Becoming More Common
Termination periods, the period of notice that an invoice finance client needs to give to their funder in order to terminate their factoring or invoice discounting agreement, vary widely between...
When I first worked within the industry the standard notice of termination periods were generally longer, often 3 to 6 months without shorter options but over recent years offers of much shorter...
Spot factoring and the various invoice invoice auction sites also have an appeal to some clients offering them a transactional basis to the arrangement where termination is not normally an issue -...
So there are a lot more options now for clients giving them more choice which can only be a good thing. We also hear rumours around the industry of other funders considering shortening their...
http://www.fundinvoice.co.uk/blog/factoring/post/shorter-invoice-finance-termination-periods-becoming-more-common.html - Should I Stay If My Factoring Company Reduces It's Price
We had a meeting today with one of our funding partners, and one of the topics that came up was clients that they quote for that decide to stay with their existing factoring provider....
This normally happens when the existing provider decides to drop their fees in order to match a competitive offer received from a new funder. As brokers, we are regularly involved with sourcing...
Typically, we have managed to find a 31% average saving on quotes received elsewhere (updated October 2019). Sometimes, rather than just move to the cheaper funder, a client will decide to go back to...
He had been involved with quoting for a deal recently where the incumbent factoring company had been charging significant fees. He had offered a significant reduction in fees to the prospect, and...
The scenario that he outlined was one where that prospect requires some form of additional service from their existing factoring company in the future. This could be if they find themselves in a...
The other point that he made about such situations was generally regarding the level of service received. If you are paying a given fee for a credit control service, and then the fee is vastly...
I suspect that the answer to these questions is that it very much depends on who the factoring company is as to the approach that they will take to charging for additional services and providing the...
There is also a moral argument. If a provider (of anything) was happily charging you significantly more, do you want to stay with them at a lower fee that you only achieved by threatening to leave...
As we have said many times before, with services such as factoring, it is not just a case of sourcing the finance at the cheapest possible cost. You are receiving a full service, including credit...
If you need help comparing your existing factoring or invoice finance rates to the market, please call Sean on 03330 113622, and we will happily conduct a no-obligation rate comparison search for...
http://www.fundinvoice.co.uk/blog/factoring/post/should-i-stay-if-factoring-company-reduces-price.html - Simple Explanation Of Factoring
This is a very simple explanation of factoring. For a detailed explanation of the full range of product variations please see our free guide to the different types of factoring....
In very simple terms, factoring is a financial service for businesses. It provides two core services, and there are a number of additional optional extra services. The two core services are funding...
For a detailed explanation of how to select the correct product, see our Explanation Of The Factoring Product Decision Tree....
Finance is provided against your outstanding sales invoices. This can also be referred to as funding. This means that by using factor, your business cash flow will significantly improve as you do not...
The second core service is credit control. With an invoice discounting facility you don’t receive the credit control element of a factoring package. With a factoring service you receive the...
Beyond those two core services there are a number of other optional extras that may or may not be part of the facility....
Bad that protection is a service, similar to credit insurance, that protects you against customers failing and then being unable to pay you. Confidentiality is another variation on the core services....
Confidentiality means that your customers are unaware that a third-party is providing the credit control service. This is achieved by undertaking the credit control activity in the name of your...
Export services may also be provided. These mean that at least the core services are provided in respect of your sales to customers based abroad. This may be an add-on to a domestic UK facility or it...
There have been some additional add-ons that some providers can include if required. These are things such as a payroll service, to manage your staff payroll. These can be a significant benefit to...
On our website we have a full list of all the factoring companies in the UK, and we can advise you regarding which provide which services....
http://www.fundinvoice.co.uk/blog/factoring/post/simple-explanation-of-factoring.html - Single Debtor Funding With Adverse And Negative Credit History
Often it can be difficult to access funding and finance where there is a history of adverse or negative credit history surrounding a business or its directors. We have funding partners who are able...
In some cases a business in this position may only have a single debtor but once again that need not be a problem as we can still arrange access to funding even if our client only has one single...
For a quotation please contact us....
http://www.fundinvoice.co.uk/blog/factoring/post/single-debtor-funding-with-adverse-negative-credit-history.html - Single Debtor Invoice Finance
Sometimes a company will only have a single customer. Often new startups will find themselves in this situation, although there are established customers who undertake all their trade with one...
Single debtor invoice finance is the answer but there are two options. A selective facility is very much geared to you picking and choosing invoices to have funded. By design, this allows a single...
http://www.fundinvoice.co.uk/blog/factoring/post/single-debtor-invoice-finance.html - Single Fee Factoring Typical Pricing.
Single fee factoring is attractive to some customers because they like the idea of the predictability of charging. With a single fee arrangement, you know that there is just one charge that you have...
As I explained in my previous article about single invoice finance, the traditional way of pricing facilities is to have a service charge and a discount charge. The discount charge can be complex to...
With a single fee factoring facility it is a flat percentage against the value of your invoices. Therefore the costs are very predictable. Some providers only offer single-fee arrangements, and...
See this case study about Factoring A Single Invoice....
To give some indication about the level of fees that should be expected. On average, single fee factoring pricing is about 2.5% of your sales invoice value. That means that there may be some...
However, at that rate, you know that 2.5% of your invoice value is all that you need to add to your cost of sales. With this type of arrangement and pricing system, you do not have other costs such...
See our post about Bundled Fees In Invoice Finance....
You should also remember that with a factoring facility, you are not only receiving funding against your unpaid invoices, but you are also receiving a credit control service. With some single-fee...
http://www.fundinvoice.co.uk/blog/factoring/post/single-fee-factoring.html - Single Fee Factoring, No Minimums, Short Termination Period
The following link is to a new case study that we have just added to the site....
It concerns a client, a small manufacturing business, that we were recently able to assist by finding them a factoring facility with a single fee, no minimum fees and a short termination period....
http://www.fundinvoice.co.uk/blog/factoring/post/single-fee-factoring-no-minimums-short-termination-period.html - Single Invoice Finance Article
I have just put together a new article "Single Invoice Finance - All The Options" that discusses the various types of facility that clients often lump under this one category:...
The article also compares the advantages of whole turnover facilities against single invoice facilities....
You can read my article here: Single Invoice Finance - All The Options...
http://www.fundinvoice.co.uk/blog/factoring/post/single-invoice-finance-article.html - Size Of The Factoring And Invoice Discounting Market
Following on from my previous posts about the Factoring & Invoice Discounting market being far from the point of saturation we ran some counts today to see how big the potential size of the...
Dun & Bradstreet's Marketplace of UK Businesses lists 5,857,600 records for businesses in the UK. We selected from that list only businesses that had a turnover in excess of £200,000...
This returned a count of 284,390 records - 4.86% of the total number of business records that would potentially be suitable prospects for invoice finance using our criteria....
The Asset Based Finance Association's figure for the total number of businesses currently using factoring and invoice discounting, via their membership, in the UK as at September 2009, is 42,983...
The opportunity remains in reaching out to the remainder of those businesses that make up that prospective market....
http://www.fundinvoice.co.uk/blog/factoring/post/size-of-the-factoring-invoice-discounting-market.html - Sizes Of Factoring And Invoice Discounting Deals Completed
I have just been looking back over just the last 20 or so factoring and invoice discounting deals that we have completed, to see what size the businesses were....
The smallest was a business turning over just £40,000 per annum that wanted recourse factoring. The largest had an annual turnover of £4,000,000 and was seeking confidential invoice...
Having said that, in the past we have dealt with businesses turning over up to £250,000,000 and those as small as £25,000 so a business of just about any size can qualify for invoice...
http://www.fundinvoice.co.uk/blog/factoring/post/sizes-of-factoring-invoice-discounting-deals-completed.html - SMEs Anticipate Fewer Problems Raising Business Finance in 2011
One of our research questions to a sample of 100 SMEs was: "Do you anticipate any problems raising business finance in 2011?". Their responses were as follows:...
We asked the same question last year when 71% of respondents said "Yes", a 12 point percentage swing....
This suggests that SMEs are expecting fewer problems raising finance in 2011 than in the previous year although it also highlights a concerning fact - 59% of SMEs still anticipate problems raising...
http://www.fundinvoice.co.uk/blog/factoring/post/smes-anticipate-fewer-problems-raising-business-finance-in-2011.html - SMEs Often Over Estimate And Expect To Pay 4 Percent Of Turnover For Factoring
In order to better understand the client's expectations regarding the price of factoring we questioned a random sample of 100 SMEs about the cost of factoring. We asked them what percentage of...
Learn more about SME Invoice Financing....
In some cases though the price of factoring can be way below this estimate, maybe between 1 and 2% of turnover which suggests that expectations are that the cost of factoring is going to be more...
http://www.fundinvoice.co.uk/blog/factoring/post/smes-expect-to-pay-4-of-turnover-for-factoring.html - SMEs Unanimously Think Invoice Finance Improves Customer Cash Flow
Our invoice finance research results are now available and I will post them to the blog over the next few days....
This time the researchers spoke to 100 SMEs (Small and Medium Sized Enterprises) and asked them a variety of questions about their views, attitudes, perceptions and expectations regarding invoice...
One question we asked was "If a customer uses invoice finance would you expect their cash flow to be stronger, weaker or no different from a customer that doesn't use invoice finance"....
100% of SME respondents thought that using invoice finance would make the cash flow of a customer's business stronger - unanimous support and recognition of the key benefit of invoice finance....
Find out more about invoice finance for SMEs....
This finding lays to rest some outdated views from the past that invoice finance is only used by companies that are in financial trouble - the perception of customers appears to be the opposite in...
http://www.fundinvoice.co.uk/blog/factoring/post/smes-unanimously-think-invoice-finance-improves-customers-cash-flow.html - Some Recent Factoring & Invoice Discounting Research Findings
These are a few of the recent results from our factoring and invoice discounting research programme:...
We will be publishing new findings on a regular basis so watch this blog or subscribe to our newsletter....
http://www.fundinvoice.co.uk/blog/factoring/post/some-recent-factoring-invoice-discounting-research-findings.html - Spot Factoring Increasing
Spot Factoring has become increasingly common over recent years with various new spot factoring companies that have entered the UK invoice finance market using the term to describe their invoice...
In view of the growth in popularity of term "spot factoring" we have put together a guide which includes useful information about spot factoring and details of how to get quotes for spot factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/spot-factoring.html - Spot Factoring
Just added some information to the FundInvoice site about Spot Factoring: Spot Factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/spot-factoring-2.html - Spot Factoring Is Often Perceived As The Cheapest Option
We have just had an interesting case which highlights a number of cases that we have seen and heard about from other parties within the industry. Spot factoring has risen in popularity recently, and...
Spot factoring will sometimes be the best answer for a client if the client:...
The particular client in question they were not using any type of invoice finance, and they initially said that they wanted spot factoring as they thought that would be the cheapest option for them...
Also, please see this Case Study About Factoring A Single Invoice....
If you are only looking to finance the odd invoice for fixed periods of time, spot factoring may well be the best option, but if you want as much ongoing funding as possible, regular, whole-turnover...
Another common misperception is that "whole turnover" means that absolutely every invoice must be included - factoring companies will often agree on arrangements with clients where particular debtors...
Whatever your funding needs are, you should consider all the options available and compare spot factoring with whole turnover factoring in order to see which will provide the funding in the most...
http://www.fundinvoice.co.uk/blog/factoring/post/spot-factoring-is-often-perceived-as-the-cheapest-option.html - Supply Chain Finance & Reverse Factoring Article
I have just written a new article for the main site "Supply Chain Finance & Reverse Factoring" that explains how it works, the benefits to suppliers and buyers and the types of businesses that...
Supply Chain Finance or Reverse Factoring are very attractive, cost effective concepts for businesses that are involved in the supply chains to huge businesses e.g. retailers, supermarkets etc. but...
http://www.fundinvoice.co.uk/blog/factoring/post/supply-chain-finance-reverse-factoring-article.html - Supply Chain Finance, Supplier Finance & Reverse Factoring Article
All of these terms: supply chain finance, supplier finance and reverse factoring all describe an invoice finance product set whereby the charges and funding of the suppliers of a large organisation...
This new article discusses how supply chain finance works and what the benefits are: Supply Chain Finance, Supplier Finance & Reverse Factoring Article...
http://www.fundinvoice.co.uk/blog/factoring/post/supply-chain-finance-supplier-finance-reverse-factoring-article.html - An Example Of Factoring Pricing For A Temporary Staff Agency.
This is another example of a price that we recently found for a temporary staff agency that was looking for recourse factoring....
Factoring will provide them with both advances against their sales invoices when they raise them, and a credit control service from the factoring company. This is often popular with temporary...
In this case, as recruitment is a staple within the factoring sector, prepayments of 90% were available against sales invoices raised on credit terms. This means that the majority of invoice values...
In this case, the recruiter was projecting an annual turnover of £4.5M + VAT, so a reasonably sized business, hence the rates needed to reflect that....
See more information about finding a recruitment factoring company....
We found them the following price quote for recourse factoring:...
So for an example invoice valued at say £30,000, that was outstanding for 30 days until paid, the funding and fees would work out as follows:...
http://www.fundinvoice.co.uk/blog/factoring/post/temporary-staff-agency-factoring-pricing-example.html - The Benefits of Non Recourse Factoring Bad Debt Protection
New article explaining how non recourse factoring works and the benefits of having bad debt protection: FundInvoice | The Benefits of Non Recourse Factoring Bad Debt Protection....
http://www.fundinvoice.co.uk/blog/factoring/post/the-benefits-of-non-recourse-factoring-bad-debt-protection.html - The Funding Alternative If Refused An Overdraft
We are talking to a business that has been turned down and refused an overdraft by one of the high street banks as the business does not have any assets the bank will consider as security for an...
This is a typical example of a small business that is not yet asset rich but still needs working capital to bridge the gap between the time that they invoice and the time that they get paid....
Fortunately, factoring is available to finance small and start up businesses like this one as the only asset it requires to support the funnding are the unpaid sales invoices of the business....
At a time when the government are encouraging increased lending to businesses factoring could play an important part in providing that finance but as we have found in our research factoring is not a...
http://www.fundinvoice.co.uk/blog/factoring/post/the-funding-alternative-if-refused-an-overdraft.html - The History of Factoring and Its Growth In The 21st Century Infographics
It is easy to forget how old factoring is. I came across this useful little history infographic published by an american invoice finance exchange. Their page includes an interesting summary of the...
The article suggests that they history of factoring goes back some 4,000 years to the time of King Hammurabi of Mesopotamia and it traces its emergence through the middle ages to the modern day....
http://www.fundinvoice.co.uk/blog/factoring/post/the-history-of-factoring-its-growth-in-the-21st-century-infographics.html - The Pros And Cons Of Factoring
I just saw a question posted on Twitter asking about the pros and cons of factoring and I wanted to answer it really simply for any businesses that are considering factoring their invoices....
Also, please see our free Guide To Factoring....
These are the pros of using factoring:...
These are the cons of using a factoring facility:...
There is a short video explanation of some of the benefits here: Factoring Pros & Cons Video....
I hope this helps anyone who is considering using these services and needs to better understand the pros and cons of factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/the-pros-and-cons-of-factoring.html - The Reasons Why So Few UK Businesses Use Invoice Finance
I have just published an article on our site that explains the results of our research into the reasons why so few UK businesses use invoice finance....
It explains that there are 4 main reasons, cost, not being aware of the products, prefering overdraft and loans and a fear that using invoice finance will somehow affect their reputation....
My article takes each one of those concerns in turn and explains how to overcome these issues which are largely based on misunderstandings about the different forms of invoice finance that are...
http://www.fundinvoice.co.uk/blog/factoring/post/the-reasons-why-so-few-uk-businesses-use-invoice-finance.html - Thinking About Using Invoice Finance? Watch Our Video
New video if you are thinking about using invoice finance and would like a 2 minute summary of our market research findings:...
Thinking About Using Invoice Finance?...
It's essential viewing for anyone thinking about using factoring or invoice discounting and covers:...
http://www.fundinvoice.co.uk/blog/factoring/post/thinking-of-using-invoice-finance-video.html - Top 5 Factoring Companies
I was reading in a factoring blog recently that someone had apparently posted the question "which are the top 5 factoring companies ?" and the blogger proceeded to state various web sites that would...
The issue is that you cannot say that any 5 particular factoring companies are "top" in every case. Which factoring companies are "top" of any list depends entirely on the nature of the businesses...
If they are looking for a great deal of support with credit control one might select certain factors for the list and not others, however, if the issue is can those factors assist businesses in, for...
The point is that anyone thinking of using factoring needs to make sure that their shortlist of factors contains only those that are going to be most: suited to their industry sector; method of...
All of the above mean that a broker would prepare for each client their own tailored list, suited to their own circumstances, of the Top 5 Factoring Companies....
http://www.fundinvoice.co.uk/blog/factoring/post/top-5-factoring-companies.html - Tough Measures Ahead To Balance The UKs Budget
Now the the UK has the stability of a Conservative Liberal Democrat coalition government in place the role of the new government has turned to taking action to sort out the disasterous state of the...
There are also likely to be sweeping cuts in public spending over the coming months which will reduce the volume of public sector money being earnt by businesses in the private sector, again creating...
Unfortunately, given the state of the public finances there are no alternative options but the effects of this will be felt throughout the business world, even where there is no direct dealing with...
http://www.fundinvoice.co.uk/blog/factoring/post/tough-measures-ahead-to-balance-the-uks-budget.html - Trade Finance For Small Transactions
I spent my initial working years in trade finance dealing with large volume imports of just about any product you can imagine from outside the UK. The trade finance company provided the funding to...
Now there are trade finance services available that are tailored to smaller transactions of even just a few thousand pounds which can help smaller importers fund the credit gap between paying for...
http://www.fundinvoice.co.uk/blog/factoring/post/trade-finance-for-small-transactions.html - Trades Using Factoring Or Invoice Discounting
To find out which suitable trades are currently using factoring or invoice discounting I had a look at our most recent survey of existing invoice finance users. The most common trades and industry...
Now that is not an extensive list, and it does not necessarily represent the overall makeup of the whole industry, however, it does highlight some interesting sectors. Retail is one of them, several...
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users)...
http://www.fundinvoice.co.uk/blog/factoring/post/trades-using-factoring-or-invoice-discounting.html - UK Invoice Finance Research Group on Linkedin Is Now Open On Linkedin.com
The UK Invoice Finance Research Group that I run on Linkedin.com is now an open group so all newly posted content will be searchable on the web and shareable via the social networking sites e.g....
You can find it at: http://www.linkedin.com/groups/UK-Invoice-Finance-Research-3323843?mostPopular=&gid=3323843...
The UK Invoice Finance Research Group is intended to enable the sharing of research relevant to invoice finance, factoring, invoice discounting and related subjects to aid in the expansion of the UK...
I set this group up in order to share the results of a number of pieces of research that have been conducted regarding invoice finance related issues....
The group is open to anyone that has an interest in invoice finance including factoring & invoice discounting companies, industry professionals, existing & prospective customers, introducers,...
The group is not intended as a platform for the promotion of any particular business so please don't post adverts....
IMPORTANT NOTICE: All data and information provided via this group is for informational purposes only. Glenn Blackman takes no responsibility for this data and make no representations as to the...
http://www.fundinvoice.co.uk/blog/factoring/post/uk-invoice-finance-research-group-on-linkedin-is-now-open-on-linkedincom.html - UK Invoice Finance Research Group Passes 400+ Members
Yet again the UK Invoice Finance Research Group on Linkedin.com has passed another milestone and added another hundred plus members to its ranks. We have broken the 400 member mark, currently having...
The members are all from within the factoring and invoice discounting industry or other professions closely associated with it....
If you would like to join the group there is a link in the research section of this site under Find Out More....
http://www.fundinvoice.co.uk/blog/factoring/post/uk-invoice-finance-research-group-passes-400-members.html - UK Late Payment Culture - Invoice Finance Companies Lead By Example
On the subject of the endemic late payment culture within the UK, the factoring invoice finance companies are leading by example: UK Late Payment Culture - Invoice Finance Companies Lead By Example....
http://www.fundinvoice.co.uk/blog/factoring/post/uk-late-payment-culture-invoice-finance-companies-lead-by-example.html - Ultimate Finance Acquire Ashley Commercial Finance
Numerous reports today that Ultimate Finance have completed their acquisition of Ashley Commercial Finance apparently for 4.75m initially with a further payment of £2.7m if certain financial...
Both are invoice finance companies but Ashely Commercial Finance target smaller businesses....
Reports are that the two brands will continue to co-exist so it will be interesting to see how this partnership develops and in particular how it affects the deals available to smaller factoring...
http://www.fundinvoice.co.uk/blog/factoring/post/ultimate-finance-acquire-ashley-commercial-finance.html - Unauthorised Overdraft Fees for an SME
We have just had an invoice finance prospect, an SME, where one of the major banks has reduced their overdraft by circa 90% after they received a payment into their account which reduced their...
We will no doubt be able to find them an invoice finance facility that will drastically reduce their borrowing costs but it raises the question as to how this can be allowed to go on when the tax...
http://www.fundinvoice.co.uk/blog/factoring/post/unauthorised-overdraft-fees-for-an-sme.html - Underselling Invoice Discounting Benefits
I have just had a meeting with an invoice discounting company who wanted to give us a demonstration of how their product and supporting system works. Fantastic system, plenty of benefits for the...
At face value it is very difficult for a typical client to tell the difference between this type of offering and everything else on the market, although the difference is evident to anyone that has...
This supports the findings of our research that one of the key reasons for businesses not using invoice finance is that the invoice finance companies are not promoting it enough and businesses just...
http://www.fundinvoice.co.uk/blog/factoring/post/underselling-invoice-discounting.html - Updated UK Invoice Finance Research Summary Paper Part 2
Please feel free to download a copy of our latest invoice finance related research summary paper. This is the second in a series of summaries and it follows on from the previous one that we...
Invoice Finance Research Summary Part 2...
It summarises the results of our research findings over the last few months regarding invoice finance, factoring & invoice discounting. Please feel free to reuse this material providing you...
http://www.fundinvoice.co.uk/blog/factoring/post/updated-uk-invoice-finance-research-summary-paper-part-2.html - Updating the List of Factoring Companies in the UK
I was just in the process of updating the list of factoring companies in the UK on the site and was struck by the number of acquisitions that have taken place over the last few years and the number...
You can see our List of UK Factoring Companies on the main site....
http://www.fundinvoice.co.uk/blog/factoring/post/updating-the-list-of-factoring-companies-uk.html - US Bailout goes ahead but what about the UK?
The $700 million bailout of the US banking sector has now gone through the US senate and there has been a lot of speculation about what will happen next. Noone knows for certain what the effects of...
It seems like the factoring and invoice discounting markets will have a growing role in the UK bridging the credit gap for businesses that would have previously been able to access more traditional...
http://www.fundinvoice.co.uk/blog/factoring/post/us-bailout-goes-ahead-but-what-about-the-uk.html - VAT Arrears Repayment Pressure Rises Amongst Prospects
We have noticed a number of new prospects recently mentioning pressure from the HMRC for the repayment of outstanding VAT arrears as the reason for seeking factoring or invoice discounting. In...
http://www.fundinvoice.co.uk/blog/factoring/post/vat-arrears-repayment-pressure-rises-amongst-prospects.html - Venture Finance Rebrands As ABN AMRO Commercial Finance
Venture Finance, a long established and highly reputable factoring and invoice discounting company, has rebranded their business as ABN AMRO Commercial Finance. Its sad to see such a well known and...
http://www.fundinvoice.co.uk/blog/factoring/post/venture-finance-rebrand-as-abn-amro-commercial-finance.html - What Does An Invoice Finance Survey Involve?
An invoice finance survey is normally a visit to your business conducted by a surveyor. Typically, a survey can take from a few hours to several, days depending upon the size of your business and...
http://www.fundinvoice.co.uk/blog/factoring/post/what-does-an-invoice-finance-survey-involve.html - What Does An Invoice Finance Take On Involve?
An invoice finance take on, also known as a switch on, normally involves a visit to your company premises by a surveyor from the invoice finance company. However, in some cases it can be conducted by...
http://www.fundinvoice.co.uk/blog/factoring/post/what-does-an-invoice-finance-take-on-involve.html - What Invoice Finance Users Said About Factoring And Invoice Discounting
This infographic shows what existing users told us about factoring and invoice discounting. 98% would recommend it but few had checked the price during the last year:...
http://www.fundinvoice.co.uk/blog/factoring/post/what-invoice-finance-users-said-about-factoring-and-invoice-discounting.html - What Is A Bank Waiver?
A bank waiver is a document, issued by a bank, that waives its rights to the book debts of a company so that the company can use these book debts to support an invoice finance facility, such as...
http://www.fundinvoice.co.uk/blog/factoring/post/what-is-a-bank-waiver.html - What Is Impacting The Factoring Industry
I recently received a kind invitation to moderate the SME Insights panel at the Alternatives & Receivables Finance Forum in London. I noticed that one of the organisers recently posted a question...
The first clarification is to confirm that "factoring" is being used as a term to describe invoice finance with the addition of a credit control service, rather than as a blanket term for receivables...
In recent years, technology has moved forward significantly and some of those progressions have affected the invoice finance sector, enabling the launch of numerous new providers, and innovative...
One of these platform-based offerings is from Marketinvoice. They have achieved both huge volumes of receivables discounted (currently in excess of £2Bn), and some degree of impact on the...
The second technology-related factor affecting the sector is the application of "blockchain" technology that is emerging as a result of the invention of cryptocurrencies. The blockchain element is...
Another element is the availability, and ability to analyse "big data". As large data sets regarding corporate behaviour are being more readily collected and able to be analysed, this information is...
The final element of technology, that I will highlight, is the growth of the Internet as a route to finding receivables funding in the first instance. Historically, most companies went to their bank...
There is a close link between the use of invoice finance and fast growth. In our previous research, we have found that whilst less than 1% of businesses generally use invoice funding, 52% of those...
The UK's economic position is that currently, it is enjoying modest growth by historical standards. Quarterly growth in GDP (Gross Domestic Product - the measure of output from the UK economy)...
The recent rise in base rate and the prospect of future base rate rises are likely to keep a lid on growth prospects, as is the current threat of economic uncertainty arising from Brexit....
So in an environment of modest economic growth, one might continue to expect to see some growth in the demand for invoice finance services....
There are two sources of competition affecting the invoice finance sector. The first is from new, innovative financial services that are competing for market share. This includes services such as...
The simplicity of these offerings often attracts customers. Recently, the UK has enjoyed a period of relative economic stability and relatively low numbers of business failures. This has created an...
The second aspect of competition is within the sector itself. New product offerings, such as selective invoice finance, have emerged to compete with the traditional model of factoring the entire...
In a market where client numbers (as per the UK Finance statistics) appear relatively flat, individual invoice finance companies are competing for new customers by offering lower fees and more...
http://www.fundinvoice.co.uk/blog/factoring/post/what-is-impacting-the-factoring-industry.html - What Is The Invoice Finance Sales Process
The sales process involved with being approved for an invoice finance facility, such as factoring or invoice discounting, can vary between different providers. A generic overview of the process would...
These are typical steps:...
As part of the process, the invoice finance company will normally conduct personal credit searches on the directors and prime movers of the business. They may also conduct other background checks,...
Additionally, there may be other steps to perfect the funder's security, e.g., the registration of a charge or debenture over the book debts of the company....
Also see: Case Study - Using Technology To Simplify Providing Information...
http://www.fundinvoice.co.uk/blog/factoring/post/what-is-the-invoice-finance-sales-process.html - What will be the Effect of the Bankruptcy of Lehman's Bank?
Lehman's, america's 4th biggest investment bank has apparently filed for bankruptcy triggering a wave of speculation about what the future effect will be on the rest of the world?...
It would seem most likely that Lehmans assets will be sold off cheaply, driving down the price of similar assets which will only be bad news for the captial adequacy requirements (the ratio of...
http://www.fundinvoice.co.uk/blog/factoring/post/what-will-be-the-effect-of-the-bankruptcy-of-lehmans-bank.html - Where Can Factoring And Discounting Help?
This page sets out some of the situations where factoring and invoice discounting can help a business with its funding: Situation Examples....
Many are obvious, such as funding growth, but some are less obvious e.g. financing an MBO....
http://www.fundinvoice.co.uk/blog/factoring/post/where-can-factoring-and-discounting-help.html - Which Factoring Companies Confidential Factoring?
Who provides confidential factoring? The answer is very few factoring companies these days!...
Confidential factoring is a great little product whereby you get all the benefits of factoring i.e. funding against invoices and a full credit control service, but the credit control is carried out...
Until recently there were a number of factors offering this kind of service, but it seems that only two factoring companies are now able to offer Confidential Factoring....
Fortunately we have just been able to help a couple of prospects with a need for confidential factoring so we will happily put you in touch with those that still offer the service, just call Sean on:...
http://www.fundinvoice.co.uk/blog/factoring/post/which-factoring-companies-offer-confidential-factoring.html - Which Invoice Finance Companies Are Advertising?
Which invoice finance companies are advertising in the UK? We sought to answer that question and to check what percentage of businesses were actually seeing any factoring and invoice discounting...
47% Have Not Seen Any UK Invoice Finance Advertising...
http://www.fundinvoice.co.uk/blog/factoring/post/which-invoice-finance-companies-are-advertising-uk.html - Which Is The Best Factoring Company
Which is the best factoring company?...
We get asked that question a lot - surely it's a simple answer?...
It sounds like a really simple question, but the answer is a lot more complicated than just stating a single factoring company name that stands out as being a "head and shoulders" above all the...
As the video says, the concept of the best depends upon the metrics by which you want to measure them and the type and size of the business that wants the factoring service. Not all funders will be...
A while back, I wrote a piece looking for the best invoice finance company via an online search. The issues set out in that article are very similar to those pertaining to funding being the best...
You could use awards as a benchmark. I published another piece which reported on the Best Factoring & Invoice Discounting company, according to one set of awards that are highly coveted within...
If you resort to just comparing providers based on price, you miss out on the importance of service differences, but our factoring pricing research does show dramatic swings between the cheapest and...
If you need help, please speak to us in confidence on 03330 113622, and we will narrow the selection down to those that are likely to be best for your company, based on our research and expertise in...
http://www.fundinvoice.co.uk/blog/factoring/post/which-is-the-best-factoring-company.html - White Label Confidential Factoring
There is a new "white label" confidential factoring product that we can offer via one of our partners. It delivers a fully white labelled version of confidential factoring so that all contact and...
White Label Confidential Factoring....
http://www.fundinvoice.co.uk/blog/factoring/post/white-label-confidential-factoring.html - Why 56 Percent Of SMEs Prefer An Independent Invoice Finance Company
When we spoke to a sample of SMEs we were told that 56% of them would prefer to use an independent invoice finance company rather than a bank-owned company for their factoring or invoice discounting...
Clearly, there are a number of actions that banked-owned factoring companies could take, to address some of these points, in order to increase their appeal to SMEs....
Learn more about SME Invoice Finance....
http://www.fundinvoice.co.uk/blog/factoring/post/why-56-of-smes-prefer-an-independent-invoice-finance-company.html - Why Is Factoring Used
Factoring accounts for almost 52% of UK finance members’ domestic factoring and invoice discounting clients by number (according to the Q2 2019 statistics). Therefore, it is the more popular...
GET A FACTORING QUOTE...
However, whilst this popularity may be driven by choice, it could also be that some clients are failing to qualify for invoice discounting and are therefore going down the factoring route. Invoice...
The main benefit of using a factoring facility is that it will dramatically improve the cash flow of your business. A factoring company will provide pre-payments against your customer invoices. This...
Prepayment levels will vary but typically they can be from around 85% up to 100% of your invoice values, depending on the particular type of product that you use. The balance is passed to you once...
The fact that you get the majority of the value immediately means that the cash benefit can be substantial. If you are sitting on a sales ledger of say £100,000 worth of unpaid customer...
The benefit is not limited to the initial payment against your outstanding invoices. As you raise new invoices, so you will receive pre-payments against them. As your business grows, so does the size...
In addition to this type of cash flow finance, there are other reasons why people use factoring. One of the core services included within the facility is the provision of a credit control function to...
The other service which can be included with a facility is bad debt protection. This works by protecting against customers becoming insolvent, and therefore unable to pay. You are issued with credit...
Often companies turn to factoring when they need a cash boost. This may be to purchase new stock, pay creditors, settle HMRC tax liabilities or almost any other purpose. The ability to release...
It is also worth mentioning that it is very easy to qualify for factoring. Even if you have a previous adverse credit history, County Court judgements against your business or previous failed...
Factoring can be provided even in situations where businesses are loss-making or illiquid. It can often be the solution to improving the liquidity of your company....
http://www.fundinvoice.co.uk/blog/factoring/post/why-is-factoring-used.html - You Can Now Get Personal Guarantee Insurance For Invoice Finance Related PGs
Great news, there is now a UK personal guarantee insurance product which can be taken out to insure against the risks associated with giving a personal guarantee to an invoice finance company....
Giving a personal guarantee can be an issue for some invoice finance users so this is definitely a positive step that will alleviate some people's concerns over giving a personal guarantee to a...
Something to ask your insurance broker about, hopefully some of the invoice finance companies will consider promoting this product alongside their facilities....
http://www.fundinvoice.co.uk/blog/factoring/post/you-can-now-get-personal-guarantee-insurance-for-invoice-finance-related-pgs.html - Cash Flow Versus Profit.
Cash flow is not the same thing as profit. Whilst profitability is a measure of how successfully a business can sell its products or services, at a margin over and above its expenses, cash flow is...
Cash flow Is a measure of the ability of a business to use its assets, its current assets – those that are almost immediately available, to pay its liabilities as they fall due....
In order to make a profit, a business has to sell its products or services at a margin over and above its costs. If its costs exceed its income, it is a loss-making business. Conversely, if income...
However, the fact that a business is profitable does not necessarily guarantee that it will have a strong cash flow, putting it in a position to be able to pay its creditors....
The cash flow of a business is a measure of how easily it is able to settle its liabilities as they fall due. This requires an inflow of cash from sales to be readily available. Even a business that...
Conversely, if a company is trading at a profit, but they have not been paid for goods that have been sold, they could be in a negative cash position, whereby they are unable to settle the...
This is an example of how you can have a profitable business, with poor cash flow....
A business may be able to make a profit "on paper" i.e. it has sold a product or service at a margin over and above the cost of the sale and expenses. As an example, if a business sells a product for...
However, the business has not yet been paid the £1,000 in respect of the goods and services supplied. In this example, the debtor has 30-day terms to pay for the supply. The supplier is...
One way of remedying the position of a company that has a poor cash flow position is to use receivables financing as a means of accelerating their cash flow. This service works by providing a...
This pre-payment is typically for the majority of the value of the invoice, with the balance passed to the supplier, minus fees, once the customer pays....
The effect of this kind of financing is that the supplier receives the bulk of the value of their invoices immediately that they are raised, rather than having to wait for the debtor to pay. This...
For help accelerating your cash flow please call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/financial/post/cash-flow-versus-profit.html - How To Evaluate The Financial Needs Of Your Business
We frequently suggest that prospective customers should evaluate the financial needs of their business before applying for finance. This ensures they understand how much money they need. So, we...
At the outset, we should say that we are not accountants, and this is in no way intended as accountancy advice; it is just how we would evaluate our own financial business needs if we needed to apply...
If you need accountancy support this is our recommended firm of Chartered Accountants selected from our own experience....
It stands to reason that before you arrange business finance you need to know how much to seek. This ensures you apply for enough and allows you to check any offers received are fit for purpose....
These are the steps to follow to identify cash flow gaps and take action to plug those gaps:...
Understanding the financial needs of your business is essential to its running. However, it can also be extremely helpful when you want to identify if you have a cash shortfall and to quantify the...
Whether you're just starting out or managing an established enterprise, an accurate evaluation of your financial requirements ensures you can make informed decisions and access the right funding...
Any financial evaluation for business should start by taking a snapshot of your current financial status. This includes:...
This foundational step highlights your financial strengths and weaknesses, offering a baseline for planning....
You may well identify existing cash shortfalls during this process. These will need to be bridged in addition to any additional gaps created by your plans as covered below....
Your financial needs are tied to your business objectives. Clearly define short-term and long-term goals (see our section on Business Planning), such as:...
Each goal will require specific financial resources, so aligning funding with your objectives is important....
Create projections for both expenses and income over the next 12 months (or longer for long-term planning). Consider:...
Pinpoint any barriers that could hinder your financial health, such as:...
If you need to boost your cash flow position see our article about Writing A Cash Flow Improvement Plan for tips and hints....
FundInvoice can help you address funding shortfalls but you may wish to tackle it yourself. The important thing is to compare both the cost of financing but also the funding levels and security...
COMPARE FINANCE QUOTES NOW...
Depending on your needs, there are various funding options to consider. See our overview of All The Ways To Fund A Business....
Compare providers and consider costs, repayment terms, and flexibility to choose the best fit for your business....
Update your cash flow projections (and profit and loss projections) to include the benefit of the funding that you are seeking but also any additional costs. This both defines how much finance you...
If you are considering using some form of receivables financing our invoice finance cash calculator will help you estimate how much money you could release....
Unexpected expenses or revenue shortfalls can destabilise even the best financial plans. Allocate a portion of your funds to an emergency reserve to handle unforeseen challenges without derailing...
If financial evaluation feels overwhelming, consult a firm of accountants and/or business finance brokers. They can provide insights, match funding solutions to your needs, and help you avoid common...
Your financial needs will evolve as your business grows. Set a regular schedule to review financial performance and adjust your funding strategies accordingly....
Evaluating your company's financial needs is an ongoing process that requires careful analysis and planning. By understanding your current position, forecasting future needs, and exploring...
A cash flow gap occurs when your business expenses exceed the available cash on hand, typically due to delays in receiving payments or increased costs. Identifying this gap helps you plan for funding...
In any period you can add cash received to your existing cash-held position and then deduct the cash that's required for that period. This gives your net cash position identifying any shortfall...
Signs of a cash flow gap include struggling to pay suppliers on time, delays in paying staff wages or relying heavily on overdrafts or credit. Regularly reviewing cash flow statements and forecasting...
If you regularly prepare and review cash flow projections, you can forecast any future shortfalls and take action before they become an issue....
Quantifying the gap ensures you know exactly how much funding your business needs. It helps avoid borrowing too little (leaving the gap unresolved) or too much (incurring unnecessary costs)....
You can use accounting software, cash flow calculators, or spreadsheets to track income and expenses. Many tools offer forecasting features to predict future shortfalls....
Common causes include:...
Solutions include:...
Yes, accurate forecasting identifies potential shortfalls before they occur, allowing you to plan funding needs and adjust business strategies proactively....
Yes, options like invoice financing and short-term business loans are designed to address temporary cash flow issues....
Ideally, review your cash flow weekly or monthly, depending on the size and complexity of your business. Regular reviews ensure you can address potential issues quickly....
If you’re unsure how to evaluate your financial needs, or if your cash flow issues persist despite efforts to resolve them, consult an accountant or finance broker for specialist guidance....
http://www.fundinvoice.co.uk/blog/financial/post/how-to-evaluate-the-financial-needs-of-your-business.html - How To Get Extra Cash Flow
Managing your company's cash flow can be an almost full-time task if your finances are tight. The current economic climate in the UK may also be making it difficult for you to smooth out the...
There are ways that you can get extra cashflow for your business. These range from improving the speed with which your customers pay to raise extra working capital through new financing....
We have written a comprehensive Guide To Business Cash Flow which you can read for free. It sets out exactly how money flows through a business and the things that you can do to try and improve the...
Our guide sets out a number of ways that you can speed up payments from customers and reduce the outflow of cash to suppliers and creditors. These include improving your credit control and seeking...
The guide mentioned above also covers how you can inject additional working capital into a business by seeking financing or additional investment....
These are some of the more popular financing facilities that you could seek and the effects that they can have on your cash flow position. These are ways of adding extra working capital to your...
See our related content: How To Work Out How Much Additional Money You Need....
http://www.fundinvoice.co.uk/blog/financial/post/how-to-get-extra-cash-flow.html - How To Use Invoice Finance To Create Wealth
Creating wealth, being rich and prosperous is of interest to many people. This article explains how you can use invoice finance to create wealth....
There are many ways that you can use these products to create wealth. We have broken them into ideas for those with an existing business and ideas for those without....
COMPARE QUOTES NOW...
If you have an existing business you are already on your way to building more wealth (providing the business is viable of course)....
Using invoice financing to fund your business can deliver several benefits to help you build wealth:...
If you are planning to get into running a business invoice financing has many benefits to offer you as a new startup or a possible purchaser of an existing business:...
Above are several options that can help you grow richer. By growing an existing business or getting a new one off the ground an entrepreneur can begin to accumulate wealth. Funding is often the key...
These are just a few ways that you can start to build wealth using invoice finance. ...
http://www.fundinvoice.co.uk/blog/financial/post/how-to-use-invoice-finance-to-create-wealth.html - What Can You Do To Protect Against Rising Interest Rates And Bank Base Rate
Rising interest rates, often driven by increases in bank base rates, are a problem for UK businesses as they have a number of impacts. You can use this link to check the current Bank Of England Base...
As interest rates rise, the cost of your borrowing increases but as the cost of everyone else's borrowing rises so do their prices. This can lead to price inflation throughout your supply chain....
Protecting against rising interest rates and increases in bank base rates is primarily about addressing two things. The cost of your own financing and the cost of supplies, staff and expenditure to...
Obviously, this will depend upon the type of financing that you are using. If you have a term loan with fixed repayments you may already be protected against changes in the bank base rate. However,...
Occasionally, some invoice finance companies have agreed to offer fixed discount rates (discount works in a similar way to interest and is normally charged as a margin over the bank base rate)....
Just by moving finance companies, you may be able to secure better rates that might make you a saving, even in the light of rising BBR. We specialise in helping people save money by moving invoice...
This may be a more difficult issue to address. You may have staff working for you, in which case, they will be subject to the same impacts of rising interest rates. They may be seeing their mortgages...
There may be options that can help, for example, looking at outsourcing some functions as opposed to handling them in-house. For example, factoring companies can offer an outsourced credit control...
The same economic forces are likely to affect your other supplies like raw materials and other business expenses. The only practical options here are to shop around and try and drive down prices as...
The British Business Bank has published a useful list of 10 Ways To Reduce Your Business Costs - there may be some ideas in there that can help you drive down your cost base....
Growing your business' income is another way of countering rising costs. Take a look at our article about Business Growth Strategies. It includes a link to our list of ways to make more money...
http://www.fundinvoice.co.uk/blog/financial/post/what-can-you-do-to-protect-against-rising-interest-rates-and-bank-base-rate.html - What Is Going To Happen Next In The UK
This is my personal view on what is going to happen next to UK businesses and the economy in the UK....
So, following the pandemic, we are starting to see a gradual easing of the lockdown, and a gradual return to work for most people. There are likely to be further relaxations in the lockdown...
Having said that, I am hopeful that we will see something of a bounce back once the lockdown conditions have been largely lifted. At the beginning of the year we were seeing some positive signs in...
The various measures implemented by the Government have helped many businesses and individuals stay afloat during the crisis. The support has been unprecedented. The grants provided to retailers and...
The effects of this are likely to be that people will struggle when the repayments finally start to fall due. This may move the problem forward, into the first quarter of 2021 for the tax deferments...
We still have plenty of funders ready and able to help SMEs that are struggling to meet their obligations. Utilising the book debts of a company to unlock capital is often overlooked. This can be an...
This will be the next hurdle to overcome. In the same way that Brexit uncertainty had been a destabilising force for several years, as the impact of coronavirus moves away from the foreground over...
Now could be a good time to ensure that your business has the protection against bad debts that will help you survive any debtor problems as a result of all these economic issues....
http://www.fundinvoice.co.uk/blog/financial/post/what-is-going-to-happen-next-uk.html - Which Companies Have The Best Cash Flow
I occasionally answer questions on Quora and I have just replied to one: "Which companies have the best cash flow?". I will share my answer below....
The question will be relevant to people who are considering starting a business and are looking for opportunities that will yield a good positive cash flow....
This is how I would answer the question:...
There are a number of different components that drive good cash flow, some combination of them is likely to result in a company with a good cash flow. These are the components to look for:...
So if you are looking to start a business, a combination of the above factors is likely to result in a business with a good cash flow....
http://www.fundinvoice.co.uk/blog/financial/post/which-companies-have-the-best-cash-flow.html - App Based Invoice Finance - Investec Intelligent Cashflow
If you are looking for App based invoice finance, Investec Intelligent Cashflow could be the answer that you are seeking....
CONTACT FORM FOR INVESTEC...
Investec Intelligent Cashflow, is provided by Investec Capital Solutions It is a high tech platform, and dedicated account management service, that allows users to access funding through invoice...
This secure service is simple to set up, Investec send you a link, you click on it - and their software does the rest. It connects seamlessly with your existing accounting system (so you don't...
That upload updates the funds available to you immediately, giving you fast access to cash - without having to wait around for invoices to be processed....
You can access the system via a desktop, mobile app or tablet around the clock, 7 days a week, to get a view of your account and to arrange to receive funding....
The facility is confidential, so customers are unaware that you use it, and you continue to remain in control of your relationships with them. You retain control of your sales ledger management and...
The mobile app allows you to get immediate visibility of your account, and to arrange the drawdown of funds from your availability. Being a mobile App, you can do this from wherever you are....
If you need to speak to experienced and entrepreneurial decision makers about your account, you have access to a dedicated account manager who will be able to help you....
Investec Capital Solutions are members of UK Finance, the trade association for the UK banking and finance sector. Investec were winners of the 2017 Business Moneyfacts award for Innovation In The...
http://www.fundinvoice.co.uk/blog/funders/post/app-based-invoice-finance-investec-intelligent-cashflow.html - Are You Getting Bad Service From Your Factoring Company
Factoring service levels are generally very good, as evidenced by our research finding that 98% of businesses using invoice finance, that we surveyed were, said that they would recommend their...
This is particularly important with factoring facilities, as the finance company is providing a credit control service, in addition to funding. If the credit control isn't being well handled,...
The answer, if you are getting a bad factoring service, is to transfer your factoring arrangement to a company that will provide a better quality service, there are plenty of those around, providing...
There is plenty of help available to help you change factoring companies. It may seem like a daunting prospect, and some companies that are getting poor service put off moving because they don't...
In addition to improving service levels, you may be able to improve on the costs that you are paying for your facility. Again, there are providers that are keen to attract business from other...
If you are receiving a bad factoring service, there are likely to be improvements available from alternative providers, so it may be time to search the market and see what else is available....
http://www.fundinvoice.co.uk/blog/funders/post/bad-service-from-factoring-company-poor-quality.html - Berkeley Trade Finance Has Launched.
Berkeley Trade Finance has launched, according to a report in Business Money 03/06/19. According to the article, they have already provided funding to "a number of clients"....
GET A BUSINESS FINANCE QUOTE...
Berkeley Trade Finance Limited (company registration number 11872190) was registered at Companies House on the 09/03/19 and apparently started trading in May 2019. Co-founders Steven Pleace and...
In addition to a variety of trade finance facilities, to pay suppliers either in the UK or abroad, the company also offers selective invoice finance (for UK or export sales). There are also a number...
Interesting to see a new entrant offering a very similar product set to that offered by Working Capital Partners, the single invoice and import funder that entered Administration last month. It is...
The product label "trade finance" has always included a number of different flavours of funding facility, of which Berkeley are reported to offer a broad selection....
The core trade finance (TF) offering is normally a funding line used to pay a supplier either in the UK, or overseas, whilst granting a period of credit for the buyer to repay the facility. However,...
http://www.fundinvoice.co.uk/blog/funders/post/berkeley-trade-finance-launches.html - Business Moneyfacts 2019 Awards For Best Invoice Finance Company And Best Service
The ceremony for the Business Moneyfacts Awards 2019 was held a few days ago. FundInvoice were delighted to be confirmed as "Finalists" in the category of "Invoice Finance Broker of the Year". To be...
The other categories that always interest us are the awards for "Best Factoring & Invoice Discounting Provider" and "Best Service From An Invoice Finance Provider". This is because there is some...
It is also good to see that we have connections with all those invoice finance companies that were recognised in these categories - you can use the links (to our contact pages) below if you want to...
These were the results of the 2019 awards:...
Those recognised in the category of the Best Factoring & Invoice Discounting Provider were as follows:...
Those recognised in the category for Best Service From An Invoice Finance Provider were as follows:...
http://www.fundinvoice.co.uk/blog/funders/post/business-moneyfacts-awards-best-invoice-finance-company-service-2019.html - Castle Business Finance Has Gone Into Administration
Castle Business Finance Limited (CBF), the invoice finance and trade finance company, has gone into Administration. If you are a customer or a prospect, and you need refinancing or alternative...
Contact Sean on 03330 113622....
CBF, company number 10303995 was based at SO12, Pure Offices, Kestrel Court, Harbour Road, Portishead, BS20 7AN. Companies House records show that the company entered Administration on 23rd June...
The latest set of financial accounts, for the year ending September 2018, as filed at Companies House, showed the company to have shareholders funds of just £21K showing in the balance sheet,...
Administration is a form of insolvency, whereby an administrator is appointed to oversee the operations of a company, for the benefit of its creditors. It will be for the administrator to decide the...
It is very upsetting to see another invoice finance and factoring company entering a form of insolvency. Fortunately, there are many other alternative providers available, many of whom have a very...
A further concern is to see one of the few trade finance options available within the business finance market, disappearing. Trade finance enables companies to finance the import of goods or...
http://www.fundinvoice.co.uk/blog/funders/post/castle-business-finance-in-administration.html - Cirrus 4Syte Have Rebranded
Cirrus 4Syte have rebranded to 4Syte Construction. The 4Syte Group now consists of four distinct operational names that deliver their invoice financing and business financing services. These...
If you would like a business funding quote from them, please use the following contact request form:...
ARRANGE A CALL BACK FROM 4SYTE...
A range of invoice financing solutions are offered through 4Syte Funding, including full service factoring, selective factoring (where you can pick and choose the debtors to be funded), CHOCs...
4Syte Trade offers purchase finance (also called trade finance) in addition to invoice finance as a packaged facility. This allows customers to receive funding to pay suppliers based in the UK or...
It can be a good way of accessing a longer credit period to help you with supplier payments and is offered in conjunction with an invoice financing facility....
Funding for the construction sector and other contractual businesses is provided through 4Syte Construction. Typically, very few funders will fund within the construction sector, and the same is true...
The handful of companies that are specialists within these segments use highly skilled sector specialists to evaluate the underlying project or trading contracts. This allows the funder to set a...
Business loans, secured against property, are available through 4Syte Structured Finance. Again, these can be up to £1M of funding....
The origin of the name, as explained on their website, is based on the word ‘Foresight’. Their site explains that the qualities they expect their clients and partners to experience in...
http://www.fundinvoice.co.uk/blog/funders/post/cirrus-4syte-have-rebranded.html - Does Your Invoice Finance Company Still Want You
Does your invoice finance provider still appreciate your business?...
You may think that sounds like a ridiculous question - surely the purpose of any invoice finance company is to gain clients and hold onto them, so they must appreciate each and every one? That is not...
These are previous instances where clients have been told that they are no longer wanted by their providers:...
Well, we have just come across this again, with another invoice finance company....
This case concerned a medium-sized recruitment company that no longer fitted the size and nature of business criteria of their invoice finance company. The provider has looking to target larger...
As we have said many times before, different providers have different criteria. In fact, no two are the same. So we have been able to find alternatives. It is just a sad situation that some companies...
If you have been told that you no longer meet your invoice finance company's criteria, don't panic. Give us a call and we will introduce you to a range of providers that are very much "open...
http://www.fundinvoice.co.uk/blog/funders/post/does-your-invoice-finance-company-still-want-your-business.html - Factoring Company Definition
This page is designed to give easy access to those seeking factoring companies....
This is our factoring company definition:...
"A factoring company is an organisation that offers debt factoring services to businesses.Debt factoring is the combination of a prepayment against an unpaid sales invoice that was raised on credit...
The service can be provided against a single invoice (called "selective" or "spot"), or the full sales ledger of outstanding invoices....
The word factoring does not describe a single type of service. There are numerous product types that fall under that umbrella terms. You can find a full list of all the different types of factoring...
The companies providing these services are also commonly referred to as "factors". On this site you will find a full list of all the factors in the UK, and links to lists of those based abroad. Most...
There are also differences in the types of provider. Some are parts of major high-street banks; some are large independent companies and there are also smaller independent providers. The exact nature...
http://www.fundinvoice.co.uk/blog/funders/post/factoring-company-definition.html - Has Your Factoring Facility Been Reduced
Worrying comment on one of my posts, about bad factoring service, from a colleague at one of our funding partners. They have been approached by an advisor whose client has had their factoring...
SEE WHO CAN OFFER IMPROVED TERMS...
It may be a one-off change to a single client's facility, however, the comment mentioned that the change was due to a change in the factoring company's risk policy. The risk policy (not...
If this instance is evidence of a broader change by one of the factors, that could affect a larger number of clients, this could be the first of a number of customers in similar situations....
Read more information about: How Funders Calculate Funding Levels & Prices...
If your factoring company tells you that they are going to reduce your facility, don't panic, there are options available to you. The good news is that "risk policy" varies significantly between...
So if you get bad news from your provider, please contact Sean on 03330 113622 and we will not charge you to search the market for better terms, and a better deal to meet your needs. We have been...
You could find out that every black cloud has a silver lining if we are able to find you an improved level of funding, for less than you were paying your original factoring company....
http://www.fundinvoice.co.uk/blog/funders/post/factoring-facility-reduced.html - Growth Street Alternative Refinancing Funding Sources
Growth Street Exchange Limited were one of the more recent funders to be added to the UK list of invoice finance companies (with a product named GrowthLine). However, the group also offered business...
An article in The Times (22/06/20) reported that Growth Street Limited have given small firms 3 months in which to repay their loans or seek refinancing. Badly timed news in view of the economic...
If you have been asked to repay your finance by Growth Street (or any other lender for that matter), there may be other refinancing facilities available, either via an alternative business loan or an...
SEEK REFINANCING NOW...
A visit to the Growth Street website shows a message that says "Please note: We are currently in a Resolution Event and are therefore not accepting any new investors or any deposits from existing...
A report in Altfi recently suggested that losses may have deepened in 2019 to £1.86M and that a "liquidity event" occurred a few months back. A quick look at the financial accounts (for the...
The accounts for the same period for Growth Street Exchange Limited show net current liabilities of £2.96M and a reduction in the profit and loss reserves, over the year, of £1.87M. When...
http://www.fundinvoice.co.uk/blog/funders/post/growth-street-alternatives-refinancing-growthline.html - Help If You Have Fallen Out With Your Bank
Relationships with lenders don't always run smoothly. Despite our research suggesting that 98% of users would recommend their invoice finance company, sometimes customers fall out with their...
In some cases this is fueled by the customer having financial problems, turning to their funder, and not getting the response and support that they had hoped for....
We had a case recently where a client had fallen out with their bank owned factoring company. They felt that they bank had been restrictive in their funding, causing cash flow problems for the...
From the banks perspective, there were concerns over the administration of the customer's business. Invoice finance companies rely heavily on the quality of the bookkeeping within a customer...
Rather than remain with a large bank owned funder, we put them in contact with a smaller, independent factoring company. They were able to work with the company on the admin issues. With large...
This is an example of matching customers with the right invoice finance companies. The modus operandi of each invoice financier is different, you may find it hard to believe, when you are at odds...
If you have fallen out with your lender, give Sean a call on 03330 113622 and he will understand the issues, and recommend some alternatives that may be able to give you the treatment that you want....
Case Study - Overcoming constant changes of Client Manager....
http://www.fundinvoice.co.uk/blog/funders/post/help-if-you-have-fallen-out-with-your-bank.html - Help With Factoring Company Manage Aways
"Manage aways" are customers for which factoring companies are seeking to move to an alternative lender - normally because the funder thinks that their client's situation has changed, or that...
HELP MOVING FACTORING COMPANIES...
You might assume that every factoring company would want to hold onto every single client. However, sometimes a provider may think that the client no longer meets their risk criteria. Risk criteria...
These criteria can vary dramatically between different providers. In some cases, a provider will be looking for clients with a very clean credit history, and a very clean sales ledger, without ageing...
Even if there is sales ledger ageing (overdue debts), some providers will be confident that they can improve this by delivering a good credit control service. In other situations, a provider may be...
The situation is such that even if one factoring company feels that you no longer fit the profile of the client that they are looking for, there are likely to be other alternatives, factoring...
If your provider is talking about managing away clients, get in touch on 03330 113622 for help accessing the best alternative providers for your business....
See our related article: What To Do If Your Invoice Finance Company Withdraws From The Market....
If your factoring company has told you that they wish to manage your account away, we can introduce you to providers that will be eager to make you feel very welcome as a new client. The differences...
See this case study about how we helped one company save thousands when they were asked to leave their existing provider....
Alternatively, if you work at a factoring company, and are looking to manage away a client, we would be delighted to work with you in order to place that client with an alternative provider. For help...
http://www.fundinvoice.co.uk/blog/funders/post/help-with-factoring-company-manage-aways.html - How Financially Strong Is Your Invoice Finance Company
How financially strong is your invoice finance company?The recent appointment of Liquidators at Urica Ltd made me think about the relative strength of the financial position of different invoice...
http://www.fundinvoice.co.uk/blog/funders/post/how-financially-strong-is-your-invoice-finance-company.html - Independently Owned Invoice Finance Companies
Independently owned invoice finance companies are those that are not owned by the big high-street banks. At present, there are over 100 invoice finance companies in the UK, of which only a small...
This is a list of all the invoice finance companies currently serving the UK. If you need to be introduced to a provider please speak to us on 03330 113622....
Of course, that definition of "independent" is broad. Meaning not owned by one of the big banks. Although, there are many other funders that are owned by other types of banks. For example, a merchant...
If you are seeking a provider that is not part of a banking group, these divide into two categories. Firstly, there are those that are part of big trading groups. The second group are small...
The type of funder that you choose depends upon your reasons for choosing an independent in the first place. These are a few of the reasons that we sometimes hear:...
Equally, there are reasons that are often given for choosing to use the client's own bank. These include:...
The most important thing is that you make the right choice for your business....
Prejudice for or against using a bank is unlikely to be the most important factor in your decision. Finding the right product, at the right rates is likely to be more important....
Often an independent will be able to be more flexible about funding. They will sometimes be able to help struggling companies where banks would be unable to assist. The unfortunate thing is that most...
http://www.fundinvoice.co.uk/blog/funders/post/independently-owned-invoice-finance-companies.html - Invoice Finance Client Updates
One invoice finance company have just delighted us again with another very simple idea. We received an email this morning with a new monthly update on the clients that we have on with them. What a...
Its a simple yet brilliant idea, short monthly invoice finance client updates for introducers to let them know how their clients are getting on. If only everyone did it!...
We like to keep in touch with both funders and clients to ensure that everything is going smoothly for them. If a problem does arise, we can sometimes be instrumental in resolving it for the benefit...
In the past we have had a number of cases where we have learned of an issue either from the client, or worse still after the customer had been lost by the invoice finance comapny. At that point, the...
It would be great to see more funders put something similar in place....
Switching between providers is always the very last option for a customer. However, if a client gets to the point that they want to move invoice finance companies (or rarely the funder wants them to...
http://www.fundinvoice.co.uk/blog/funders/post/invoice-finance-client-updates.html - Invoice Finance In London UK
We are able to help UK companies find finance across all areas of the country. However, after having dealt with a few London-based companies recently, we wanted to find out how easy it was for a...
London is a hub for UK businesses, posting some 1544 businesses for every 10,000 adults (according to figures published for 2019). Which leads to all other areas of the UK. One-third of UK businesses...
I ran a simple search using Google, for "invoice finance London", and the first page of results were all finance brokers. The first invoice finance company that I came across was Siemens, and this...
Lower down in the results, I found an entry for Marketnvoice (now rebranded to Kriya) which is a London-based invoice finance company. At the bottom of the page, there were some paid adverts for a...
Taking an alternative tack, I looked at the UK finance website (formerly the ABFA) and they have a function whereby you can select member finance organisations that cover the London area. They may...
The reality is that the majority of invoice finance companies are able to assist businesses all over the UK. With specific regard to the London area, many funders have at least a sales office based...
Much of the interaction with an invoice finance company is handled through online secure systems, which take away the need for local offices. Having said that, there can be some reassurance in...
If you are based in that area or are seeking an invoice finance company based in London, we are able to introduce you to potential funders who can assist you. It is worth bearing in mind that often...
http://www.fundinvoice.co.uk/blog/funders/post/invoice-finance-in-london-uk.html - An Invoice Finance Price Quote Online Without Searches
Would you like to get an invoice finance price quote online, without credit searches (at this stage), and within one minute?...
You can do just that by using the app that is now embedded in our website: INVOICE FINANCE QUOTE APP...
You can use the app to check the price, without committing to going ahead. Perhaps you already use invoice finance elsewhere? Why not see the price you would get to make a comparison?...
Perhaps you are new to invoice funding and just want to know what the terms are likely to be, again without, obligation, committing or having to have a meeting with a funder....
The app has is the creation of Optimum Finance, one of the funders on our panel. They only require a few basic pieces of information in order to provide you with an offer - it really is only minimal...
That's all the app needs in order to arrive at a decision to make you an offer, and what terms. The offer is typically in the following format:...
It's a really simple piece of fintech that will give you an almost instant decision, and an invoice finance price quote....
Read the latest news from Optimum Finance: An update from Ant Persse the CEO at Optimum....
Please remember, the app relates to Optimum Finance only, if you should be declined, or the terms are not what you were looking for, contact us and we will search the whole market for you, to find...
http://www.fundinvoice.co.uk/blog/funders/post/invoice-finance-price-quote-online-no-searches.html - Ultimate Finance Appoints New CEO
Josh Levy has been appointed as CEO at Ultimate Finance Group (UFG), replacing Ron Robson, who has been CEO since 2015. The Ultimate Finance blog announced the appointment in a post-dated 11/02/19...
A quick look at Josh's LinkedIn profile shows that he holds an MSc in Corporate Strategy and Governance, and he was with Investec as an Associate, Investment Banking from August 2011 until 2016....
Ultimate's website says that since September 2015, Ultimate Finance has enjoyed the full backing of the Tavistock Group, an international private investment organisation. The UFG blog also...
Ultimate has offices in Bristol, Manchester, Leeds, Lutterworth, Glasgow and Edinburgh. A search at Companies House returns consolidated group accounts filed to 31st December 2017 showing growth in...
Taking over a substantial group such as UFG is a challenging task, particularly in light of current levels of market competition. We will watch with interest, to see how he takes the group forwards,...
Previous related news from UFG: Ultimate Finance Absorbs Ashley Finance....
http://www.fundinvoice.co.uk/blog/funders/post/josh-levy-appointed-ceo-ultimate-finance.html - Marketinvoice Secures GBP56M of Debt & Equity Funding
Marketinvoice, the invoice finance and business loan platform has reportedly secured a further £56 million in debt and equity funding. Reports in Business Money and Finextra suggest that the...
MORE ABOUT MARKETINVOICE...
Reports suggest that the funding is made up of:...
This is a significant amount of capital that could give Marketinvoice a far greater reach within the UK finance sector. They are already very active in promotion and advertising, which has helped the...
Marketinvoice, members of the Peer2Peer Finance Association are Europe's largest online invoice finance platform, have helped thousands of businesses raise funding against over 170,000 sales...
http://www.fundinvoice.co.uk/blog/funders/post/marketinvoice-secures-gbp-56-million-debt-equity-funding.html - Micro Company Finance
Micro companies (often defined as having less than 10 employees) are the smallest of ventures, often just starting up. I had a conversation with a new selective invoice finance company that is going...
This is not a segment of the invoice finance market that is being addressed by most funders. If anything, we have seen funders increasing their target deal size, moving upwards towards ABL...
APPLY FOR MICRO COMPANY INVOICE FINANCE...
Thankfully, there are still some options for smaller organisations and new startups....
This particular provider is offering a micro company factoring service, which means that in addition to providing funding at up to 90% of the invoice value, they will take on the task of credit...
Related content: Invoice Factoring For Small Business Customers...
So in addition to the provision of micro company invoice finance, the other good news for customers is that this particular provider is not seeking a personal guarantee from the company's...
There are now several options for small companies within the receivables financing sector. These are both on a selective invoice basis, as in this case, and there are small company whole turnover...
Please call Sean on 03330 113622 if you need help finding invoice finance, or factoring for a micro company....
http://www.fundinvoice.co.uk/blog/funders/post/micro-company-finance.html - Nucleus Commercial Finance Breaks GBP 1 Billion Lending Target
Nucleus Commercial Finance has broken through its lending target of £1 billion. A quick visit to their site (as of 23/01/19) showed total lending to have reached £1,011,652,237 - a huge...
READ MORE ABOUT NUCLEUS...
Back in 2011 Nucleus launched with just 3 employees, growing to a global team of 125+ today, having 5 awards to their credit, and a portfolio of different business loan and funding products...
You can use the link below to contact Nucleus Commercial Finance via our site, for a quotation for any of the products listed above:...
CONTACT NUCLEUS...
http://www.fundinvoice.co.uk/blog/funders/post/nucleus-commercial-finance-lends-one-billion.html - Optimum Finance Are Planning Further Expansion.
Optimum Finance, the Bristol based invoice finance company, have apparently achived some pretty impressive growth recently, with further expansion planned....
REQUEST A CALL FROM OPTIMUM FINANCE...
A press release, just received from Optimum Finance, the specialist SME invoice finance and factoring company, states that first quarter 2019 results show growth of 15% in Q1 over Q4 2018, and 166%...
Optimum is also 32% up against its targets for new business. This growth has given rise to investment in new technology that is designed to automate the process of securing funding, using a web based...
CEO Richard Pepler commented on the recent growth:...
"It’s no secret that with banks’ rigid lending conditions SMEs have been increasingly looking to other routes to unlock the cash in invoices rather than go through time-consuming and...
http://www.fundinvoice.co.uk/blog/funders/post/optimum-finance-are-planning-expansion.html - Optimum Finance Launch Optimum Medic Funding For Healthcare
Leading invoice finance fintech specialsits, Optimum Finance (OF) have launched a new product, a specialist service to provide invoice finance service to companies supplying the UK healthcare,...
The Optimum Medic invoice finance facility enables suppliers to the healthcare and associated sectors to unlock the cash that is tied up in their unpaid sales invoices. When an invoice is raised to a...
This specialist funding service is open to companies that supply or manufacture in the pharmacy, medical or associated healthcare sectors. Applications can be made via Optimum Finance's simple...
APPLY FOR "OPTIMUM MEDIC"...
This innovative service is provided by Optimum Finance, the Bristol and London-based fintech company headed by Richard Pepler. Richard and his team have been kind enough to provide us with interviews...
You can read more about OF in the articles that I have written:...
http://www.fundinvoice.co.uk/blog/funders/post/optimum-medic-funding-for-healthcare-medical-pharmacy.html - Partnership Invoice Finance Joins UK Finance
Partnership Invoice Finance have recently joined UK Finance, the trade association for the finance and banking industry. Great news for customers as this means that members agree to abide by a code...
Partnership Invoice Finance are an independent invoice finance company that are focused on delivering a high quality, flexible personal service to their customers....
To receive a quote please: Request a call back from Partnership Invoice Finance....
Partnership deal with the full range of businesses from startups through to established businesses. They offer the following services:...
They also offer a combined payroll management service, and they will provide funding to construction sector companies....
Partnership are recent new members of UK Finance, the trade association for the finance and banking industry that now encompasses what was previously the Asset Based Finance Association. This means...
http://www.fundinvoice.co.uk/blog/funders/post/partnership-invoice-finance.html - Penny Freedom Winning The Cash Flow Battle Advice For SMEs
Penny Freedom has just released a new free cash flow guide for SMEs:...
Please use the link above to download a free copy of the PDF guide....
The team at Penny Freedom have just released a free cash flow guide that will be of interest to small and medium-sized businesses. This free guide covers several important areas. Focused on helping...
It contains advice that could help businesses that are struggling with cash flow issues as we see the UK economy start to recover....
Based in Port Solent, Portsmouth, Penny Freedom offers selective invoice finance services which can supercharge a company's cash flow. These services release cash against unpaid invoices but...
Few funders are able to offer this level of flexibility, many only operate on a full turnover basis (where you have to submit all your invoices). However, selective invoice funding can allow the user...
We have set up a contact form on our site, that you can use to request a call back from Penny Freedom to discuss your situation and how they can help you improve your working capital position....
Related article: 10 Ways To Improve Cash Flow...
http://www.fundinvoice.co.uk/blog/funders/post/penny-freedom-winning-the-cash-flow-battle-advice-for-smes.html - Populous World Joins The FundInvoice Funding Panel
Populous World, the blockchain based invoice finance company, have joined the FundInvoice panel of funders....
You can now request funding support from Populous via our phone, or web based quote search service....
CONTACT POPULOUS...
Last year, Populous reportedly completed the first blockchain based invoice financing transaction. There has been a lot of online comment regarding the possible applications of blockchain to fields,...
Populous are able to finance invoices selectively, or on a whole sales ledger basis. Transactions need to be of £1K and upwards. Their funding is provided on an invoice discounting style basis,...
Funding can be provided in respect of both UK based customers, and export sales to customers based abroad....
The delivery of the funding is very quick, onboarding of new customers can be completed in as little as 24 hours following initial contact....
There has been a lot of interest in how to apply this technology to a variety of fields. Populous have been groundbreaking in adopting this approach, and promoting the benefits of using blockchain to...
We have several articles on our site regarding Populous, and the general application of blockchain technology to receivables financing:...
http://www.fundinvoice.co.uk/blog/funders/post/populous-world-joins-fundinvoice-funding-panel.html - Scottish Pacific Business Finance New Product For Australia
Readers of this blog will have seen my recent post about Scottish Pacific Business Finance deciding to pull out of the UK market. So I was quite surprised to receive an email yesterday from Scottish...
I called Scottish Pacific in the UK, to check that the email was legitimate, and sure enough they confirmed their intention to withdraw from the UK market. They also requested a copy of the email....
Then I took a second look at the email and realised (based on the details at the very footer of the email) that the email originated from the Austalian division of Scottish Pacific Business Finance,...
I am clearly also on the mailing list of the Australian contingent, as we are in touch with invoice finance companies all over the world....
Mystery solved - the UK division is still set to close down, however it appears that the division in Australia are agressively seeking new clients by improving their invoice finance product offering....
http://www.fundinvoice.co.uk/blog/funders/post/scottish-pacific-business-finance-australia.html - Scottish Pacific Business Finance Closes To New UK Clients
Following hotly on the trail of Sancus Finance Ltd, who's owners recently announced their intention to shut down the supply chain finance division, Scottish Pacific Business Finance have just...
The announcement goes on to explain that staff will be working with clients, prospects and introducers to help them find and move to other service providers....
GET SUPPORT MOVING PROVIDERS NOW...
If you are a client or prospect of Scottish Pacific Business Finance, don't panic - please call Sean on 03330 113622 and he will do everything possible to find you an alternative invoice finance...
In only March 2017 I received notification of their "invoice finance with a difference" proposition. Since then our sales contact has moved on and I noticed a couple of days ago, another LinkedIn...
At a meeting in the last few days, a sales manager from another invoice finance company mentioned that they had been working with several existing clients from Scottish Pacific that had also...
A quick search at Companies House reveals just over 20 companies with charges registered to Scottish Pacific Business Finance....
http://www.fundinvoice.co.uk/blog/funders/post/scottish-pacific-business-finance-closes-to-new-uk-clients.html - Telephone Debt Verification Removed From Take On Process
An interesting development from one of the invoice finance companies, who must remain anonymous for what will become obvious reasons....
They have decided to remove the telephone debt verification procedure from their take on process, for new customers....
Telephone debt verification is the process by which the invoice finance company will contact customers from the clients sales ledger, in order to confirm the value of the debts that are outstanding....
This TDV process can give rise to identifying all sorts of potential problems within a sales ledger. It can help with identifying invoices that are fictitious and fraudulent as the customer does not...
There are of course situations where TDV may not identify a fraud, such as where there is collusion between the supplier and the debtor. In these cases, the debtor may have been set up to...
This particular invoice finance company argue that removing the telephone debt element from their switch on procedures will make the process much slicker and they have found that the process...
They are going to continue to undertake telephone debt verification on an ongoing basis, in respect of the ongoing handling of customer sales ledgers....
Typically, invoice finance companies will look to verify anything from 50%, upwards of the customers sales ledger prior to making a prepayment. In some cases, this can lead to a very extended process...
We have seen numerous examples where the payout from a take-in has been delayed by a number of days, whilst the finance company undertake this exercise....
Whilst an improvement to the take on process, in terms of speed, will no doubt be delivered through this change, I am sure there will be plenty of people around the industry that will frown on this...
http://www.fundinvoice.co.uk/blog/funders/post/telephone-debt-verification-removed-from-take-on.html - A Testimonial From An Invoice Finance Company
We have many testimonials on our site from clients, but we also have some testimonials from the funders and invoice finance companies that we deal with....
We were recently Finalists for an award from Business Moneyfacts (BMF), for the Best Invoice Finance Broker 2019....
As part of that review process, BMF sought testimonials about us from both our clients and other parties that we deal with....
One of our contacts at one of the invoice finance companies that we deal with was kind enough to provide us with a copy of testimonial that they provided to BMF regarding Fundinvoice. We wanted to...
This is what this particular funder said about us:...
"I have known both Glenn & Sean in excess of 15 years and in all this time they have operated a very good level of service and have always been professional in their approach to both lender and...
If you are looking for an invoice finance facility, or want to move to an alternative provider to achieve a cost saving, find more funding or achieve better terms, we understand what the various...
We will be able to guide you towards the providers that will be most able to meet your needs, and can offer the best pricing for your company....
FIND OUT WHAT WE CAN OFFER YOU...
http://www.fundinvoice.co.uk/blog/funders/post/testimonial-from-invoice-finance-company.html - Testimonial From Mike Cox At Close Brothers Invoice Finance
Testimonials are what many customers look for before dealing with a company. In addition to collecting customers testimonials we also receive them from some of the funders that we deal with....
Below is a great example that was received from Mike Cox at Close Brothers Invoice Finance, as part of his support for us in the Business Moneyfacts awards 2021....
This is what Mike said about Glenn Blackman and Sean Morrow, the Partners at FundInvoice:...
"I have known Sean & Glenn in excess of 20 years and their knowledge of the IF market is in my view unparalleled. They have always tried to place the right client with the correct funder and that...
Overall the guys are a pleasure to work with and would be worthy winners of such an award."...
It's always interesting to get feedback from the funders that we deal with. Whilst we are of course focused on our clients, we are also providing a service to the funders....
We were really chuffed to receive such a glowing testimonial from Mike. It was very much appreciated and reflects the approach that we try to take when dealing with the invoice finance clients that...
We capture feedback from both the customers that we deal with and the finance companies that we place those customers with. That way we get 360 degree feedback about the service that we are providing...
http://www.fundinvoice.co.uk/blog/funders/post/testimonial-from-mike-cox-close-brothers.html - The Invoice Finance Providers Recruitment Companies Plan To Use
Recruitment agencies often turn to invoice finance companies to help maintain and support their cash flow. Our recent recruitment sector research found that 1 in 3 agencies* were planning to continue...
We went on to ask them which of the invoice finance companies they were planning to use. In all cases, they planned to stay with their existing provider. Similarly, all those interviewed said that...
These were the invoice finance companies that the respondents told us they planned to continue using as they were happy with them (in alphabetical order):...
(One respondent planned to use a provider but did not want to specify who)....
This doesn't mean that there aren't other alternative funders serving this sector. With over a hundred different providers in the UK, there are lots of options. Our sample size was small so...
Similarly, if a client has a previous adverse credit history, CCJs or prior business failures, they may need to speak to a specialist funder that will accept clients that are not so financially...
*Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/funders/post/the-invoice-finance-providers-recruitment-companies-plan-to-use.html - Ultimate Finance
Ultimate Finance (UF) are independent alternative lenders offering a range of financing products to UK businesses. They have funded over £1 billion to date, since their incorporation on 20th...
You can use our contact form to request a callback:...
REQUEST A CALL FROM ULTIMATE FINANCE...
UF have been backed by Tavistock Group, since September 2015, the private investment business founded by Joe Lewis over 35 years ago. They work in close partnership with the British Business Bank and...
The product portfolio of Ultimate Finance includes:...
UF have 7 offices serving the whole of the UK....
UF was nominated for "Lender of the Year" at the British Small Business Awards 2018....
In 2017, UF were winners of "Best Trade Finance Company" at the Trade Finance Global International Trade Awards 2017....
Blog post: Ashley Finance absorbed into Ultimate Finance....
News: Ultimate Finance Appoints New CEO....
http://www.fundinvoice.co.uk/blog/funders/post/ultimate-finance.html - Update About The WCP Administration
Working Capital Partners (now called WCP), the spot factoring and trade finance company, went into Administration back in May 2019, so I thought I would have a quick look at their site to see if...
As far as I can see, there is nothing changed on the site, and I have not heard any further rumours regarding a potential acquisition - let me know if you have....
There are now some documents filed at companies house regarding the Administration. The AM01 notice of Administrators appointment, for company number 05537522, now called WCP Finance Ltd, is stamped...
This document shows Resolve Advisory Ltd, 22 York buildings, John Adam Street, London, WC2N 6JU appointed as Administrators, with Simon Jagger shown as the Insolvency Practitioner handling the case....
The document also states "Conister Bank Limited" as the party making the appointment of the Insolvency Practitioners, so they must have been funding when WCP failed....
The name of the company was changed, just prior to the Administration, on the 9th of April, from Working Capital Partners Ltd to WCP Ltd. It looks like it exchanged it's name with company number...
A quick search on Google News did not show any further news regarding WCP, following an article in Credit Strategy on the 4th of January 2019, regarding the appointment of Jeff Longhurst as a...
I will keep an eye out for the Administrators first report and post details of anything noteworthy once it is released....
I have reported previously on situations where we have been involved with assisting clients of Working Capital Partners that are seeking alternative facilities, anyone that still requires help should...
http://www.fundinvoice.co.uk/blog/funders/post/update-wcp-administration.html - Using AI In Invoice Finance
I had the opportunity to discuss Artificial Intelligence (AI), and its application to the invoice finance sector with James Beck, the CTO of Optimum Finance....
CONTACT OPTIMUM FINANCE...
Glenn: James, what's your role at Optimum Finance?James: I am the Chief Technology Officer (CTO). My background is in IT development and technology, and I am working to integrate cutting-edge...
Glenn: I have read a lot about how Optimum are applying AI and machine learning to the invoice finance sector - how is that progressing?...
James: AI, or artificial intelligence is not really the right term to use here, it would be better-called machine learning (ML) - a process by which huge data sets can be analysed by a program that...
Glenn: Is machine learning set to replace human efforts?...
James: In a word "no". It's more a case of putting powerful tools at the disposal of our staff to assist them in analysing large volumes of data and identifying the patterns....
For example, considering the underwriting process for new invoice finance prospects. Machine learning can't reach the accuracy of a human underwriter, but it can play an important role in the...
A good example of how we can apply machine learning is the scanning of published articles on the internet. A machine can be continuously scanning newly published news articles that could relate to...
It's time-consuming and difficult for a human to manually analyse all the data so this is where a machine can help the human effort....
Glenn: How are you developing this type of capability?James: At Optimum Finance we are working with PhD students that are on the cutting edge of this type of technology. They are helping us to build...
One application is that we can then use these models to identify enterprises with a propensity to use our services. In these cases, we can approach them, and offer the financial support that they...
Glenn: Are there limitations when deploying machine learning?James: Yes, for instance, machine learning can be prone to bias. When a particular credit card was launched, ML was used to set credit...
REQUEST A CALL BACK FROM OPTIMUM FINANCE...
http://www.fundinvoice.co.uk/blog/funders/post/using-ai-in-invoice-finance.html - What Is Happening At Optimum Finance We Spoke To Richard Pepler CEO
I recently had the opportunity to catch up with Richard Pepler, the CEO of Optimum Finance, to discuss developments within the invoice finance sector, and the record results that their business has...
CONTACT OPTIMUM FINANCE...
Glenn: What is the new technology that you have just launched at Optimum Finance? Richard: The biggest product innovation that we have recently developed is an app that will approve new prospective...
Glenn: What future innovation do you have planned?...
Richard: Our plan is to develop our onboarding process further, so that new clients can be taken on using a fully automated process....
The app was in part a test to prove that the process would work. It has proven successful, and confirmed that customer see a benefit from this kind of rapid decision-making. Several of the...
Glenn: Where else are Optimum winning at the moment? Richard: We are ahead of our new business budget which is largely due to the strength of the team that we have. Many of the staff that I have,...
Glenn: Are you acquiring new business from your competitors?...
Richard: One of the biggest issues that we see is customers looking to switch providers, often due to the amount of red tape that they are experiencing with their existing funder. We have tended to...
Glenn: How do you see the future developing for Optimum Finance? Richard: The future is about embracing technology. Any invoice finance provider that is not embracing the developments in technology,...
Glenn: Lastly, what impact are you seeing from Brexit? Richard: Whilst I'm not sure it is solely as a result of Brexit, we have seen decision-making amongst SMEs becoming slower. There seems to...
We are working hard at Optimum Finance to provide the liquidity to our clients that will help them continue to grow, and cope with any uncertainty....
REQUEST A CALL BACK FROM OPTIMUM FINANCE...
Related Articles: Optimum Medic Healthcare Funding Launched....
http://www.fundinvoice.co.uk/blog/funders/post/whats-happening-richard-pepler-ceo-optimum-finance.html - Who Is The Best Invoice Finance Company
Thinking about using invoice finance or factoring? An obvious place to start would be a google search, perhaps something like "best invoice finance company". Simple and likely to generate a simple...
Our latest count revealed that there are 100 separate organisations providing invoice finance in the UK. The honest answer to that question is that there is no single invoice finance company that is...
Similarly, if you are a recruitment company, but you only want the funding for 3 months to get you through a cash flow lull caused by a large project, again many of the mainstream providers...
Again, if you want a factoring facility (where you receive prepayments and a credit control service), there is no point talking to the invoice discounting specialists, as they don't offer credit...
This is why at FundInvoice we have undertaken the research to establish which providers are likely to be able to help with different segments, what their service levels are likely to be and how their...
Returning to my online search for the "best invoice finance company", to demonstrate how misleading this type of search can be, I used Google and this was what I found....
The top 4 results were all paid inclusion adverts for comparison sites. These are prioritised according to who bids the most to Google in order to reach the top of the paid advertising rankings....
The next result is the top of the organic search results. These are the results that Google ranks according to its algorithm and presents them to you as the most relevant to your search phrase. In...
Now Google makes it pretty clear that the top result is Bibby, right? The presentation of this list implies that, but when you look at the underlying site, the list is not offered as an ordered list...
In fact, the site that ranks top in Google, and from which this list is drawn, is a broker that is part of a firm of insolvency practitioners. Their site, when visited, explains that they deal with...
So as you continue down the Google organic results the next 3 results are all comparison sites/brokers offering answers as to the best invoice finance companies via a list of between 6 and 29...
The first offers a list of the 10 best factoring companies. The top of their list is Ashley Business Finance. The company was renamed Ashley Commercial Finance before it was acquired and absorbed...
The second result offers the top 29 UK invoice finance companies. It explains that it uses a September 2018 comparison of their websites to show the maximum percentage of the invoice value. Close...
The list can be ordered by the user according to the maximum funding percentage. Anyone working within the sector will realise that the maximum percentage of invoices funded is not a great measure...
The next result is a broker/comparison site showing the top 6 invoice finance companies. The top result is Hitachi. However, when you look at how the results are ordered, the site explains that the...
The next organic result is the site of one of the providers, who have ranked well for this search term....
So you can see the issue here, what first appears as well ordered information can be based on all sorts of metrics that skew the results. Nobody can give you a definitive answer as to who is the best...
http://www.fundinvoice.co.uk/blog/funders/post/who-is-the-best-invoice-finance-company.html - Working Capital Partners Existing Clients.
Working Capital Partners (WCP), the selective spot factoring and trade finance company, that went into Administration over. One WCP client told us that they were not aware of the insolvency until...
We reported on this blog 21/05/19 - Working Capital Partners Go Into Administration, but since then, we have been contacted by one of their existing clients. The client told us that they were not...
A quick review, this morning, of Companies House records showed nothing filed about the Administration as of yet, and a quick look at the company's website revealed nothing about the Admin -...
The client mentioned above told us that whilst existing factored invoices were being honoured by the appointed Administrators, new invoices were being turned away - hence they need for them to find...
We are already in the process of helping them move to an alternative provider....
If you need help finding an alternative invoice finance company please call Sean on: 03330 113622....
The question many people within the sector are asking is, will anyone buy the book of existing clients of WCP from the Administrators? This is a common exit plan when an invoice finance company...
We have heard rumours about various parties looking at taking over the book of clients at WCP, but it has been a while without any news as of yet. This creates uncertainty about future funding for...
Whilst we wait for any news, we are in the perfect position to continue to help anyone that wants to avoid the uncertainty altogether, and set up an alternative arrangement quickly....
http://www.fundinvoice.co.uk/blog/funders/post/working-capital-partners-existing-clients.html - Are Working Capital Partners Factoring Clients Finding What They Need
Following the Administration of Working Capital Partners (WCP), I am starting to wonder if some of the clients are struggling to find the type of replacement facilities that they need....
For help call Sean on 03330 113622....
We have just been in contact with yet another previous WCP client, needing help finding a factoring facility to substitute for what they had from WCP. This is in the light of having spoken to another...
So I thought I would have a look at the client book (using the proxy of a debenture having been registered by WCP at Companies House). The methodology could include some previous clients that have...
When you strike out the 40%+ that are either dissolved companies, insolvent or non-trading (quite a high percentage), the remainder are reportedly in sectors (according to their SIC codes) that could...
*The services sector businesses include: accounting; advertising; environmental consultancy; cleaning; HR services; employment services; education; food services; residential care; social work;...
The list above is quite a mixed bag of sectors, with concentrations in construction - which very few factors support. There are a lot of other sectors that many factors would probably struggle to...
Having not heard any further rumours about any proposed purchase of the book, I wonder if the nature of the client trades is an issue for some potential acquirers. Or if the selective, non-committed...
http://www.fundinvoice.co.uk/blog/funders/post/working-capital-partners-factoring-clients.html - Working Capital Partners Go Into Administration
Working Capital Partners (WCP), the selective invoice finance and trade finance company, have gone into Administration. This appears to be as a result of a recent client fraud. Sad news about a long...
If you need alternative funding please contact Sean for help on: 03330 113622....
Client fraud is one of the biggest challenges facing funders, whereby a customer perpetrates a wrongful, or criminal, deception intended to result in financial gain. Whilst financiers take extensive...
Administration is an insolvency process whereby a company is placed under the control of an Insolvency Practitioner, the Administrator, who takes over the running of an insolvent business (one that...
Working Capital Partners, were also members of UK Finance (the industry body for the asset finance sector) did occupy a small, but important niche. Firstly, they offered a selective invoice finance...
However, WCP were also one of a small number of funders that could also provide trade finance, or purchase order finance facilities. The number of alternative providers in that sector is much...
If you are looking for information about improving cash flow generally see our article: How To Increase Working Capital....
http://www.fundinvoice.co.uk/blog/funders/post/working-capital-partners-go-into-administration.html - 1066 Business Awards Tonight
Very much looking forward to the 1066 Business Awards tonight. Not only is the magazine sponsoring the category of "Best Employer of the Year" but FundInvoice are also finalists for "Best Small...
It should be an interesting evening!...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/1066_business_awards_tonight.html - April 2019 FundingVoice Magazine Now Online.
The April 2019 edition of FundingVoice magazine is now available online....
You can see it in our catalogue of back issues of our invoice finance, and business funding magazine....
The April 2019 edition includes detail of the personal service that we offer our customers, in stark contrast to the "comparison site" approach favoured by a number of our competitors. The reviews...
We also have the results of the 2019 BMF Awards for the Best Invoice Finance Company, and the best service levels. This could be a useful part of the decision making process for anyone trying to...
This edition includes case studies around body shop car crash funding and construction invoice finance, as well as our article on how to avoid invoice fraud. This is an important read to for any...
Lastly, there is a piece on what to do if you have fallen out with your existing lender. Rather than see all providers as similar, appreciate the significant differences in approach between...
To make sure you receive future copies each month, direct to your inbox, please subscribe for free....
If you would like to contribute a relevant and unique article, to a future edition of the magazine, please get in contact with us on 03330 113622. FundingVoice is emailed out to a substantial...
We are able to include direct response links for any providers that contribute articles. This means that prospects can respond direct to you, via our site, without the prospect being introduced to...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/april-2019-fundingvoice-magazine-now-online.html - Articles For Next Edition Of FundingVoice Magazine
If you have an article that you would like considered for the next edition of FundingVoice magazine, the deadline for submission is 5th November. All articles have a response link to the contributor...
This edition will focus on invoice finance enabling business growth....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/articles-for-next-edition-of-fundingvoice-magazine.html - The December 2019 Edition Of FundingVoice Magazine Is Now Out
December 2019's edition of FundingVoice magazine, with all the latest news from the invoice finance sector, is now online....
You can read it here: December 2019 FundingVoice - FundInvoice Confirmed As Awards Finalists....
In this edition we have details of our recent success in making the shortlist for Invoice Finance Broker of the Year at the Business Moneyfacts Awards 2020. We are now seeking testimonials to help us...
The following articles are also included in this month's magazine:...
Please subscribe online so that you recieve future editions of FundingVoice direct to your inbox, free of charge. It prevents the possibility of missing out on important news within the invoice...
Glenn Blackman and Sean Morrow, the Partners at FundInvoice, would like to thank all the readers of FundingVoice that have supported our magazine over the course of 2019. Its been a great year for...
We would like to wish you all a very Merry Christmas and a Happy and Prosperous 2020!...
With best wishes from,...
Sean & GlennFundInvoice LLP...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/december-2019-fundingvoice-online.html - December Magazine Out Tomorrow
The December edition of our FundingVoice magazine will be sent out tomorrow morning, so what your inbox if you have subscribed....
This edition covers:...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/december-magazine-out-tomorrow.html - Editorial Article Guidelines For FundingVoice Magazine
I have posted a set of editorial guidelines, for articles, for inclusion in FundingVoice magazine to the FundInvoice website....
If you would like to contribute a relevant article, you can find the guidelines here: editorial guidelines....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/editorial-article-guidelines-for-fundingvoice-magazine.html - February 2019 FundingVoice Magazine Now Online
The February 2019 edition of FundingVoice magazine, our invoice finance, business funding and growth e-magazine, is now online to read for free....
It is always best to subscribe to our mailing list get future editions straight to your inbox. We promise not to sell on your details and we only send you the magazine monthly, and the occasional...
The February 2019 edition includes articles about:...
You will find a link to all the back issues of FundingVoice magazine here including this particular edition....
Looking at the readership statistics during the day or so since publication, there has been an increase in the number of readers clicking through to our articles this month. It is the article about...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/february-2019-fundingvoice-magazine.html - First Edition Of FundingVoice Free Magazine Available
We have launched FundingVoice magazine and the first edition is now available for you to read, free of charge: FundingVoice April 2014...
The magazine is a compilation of articles contributed by expert authors relating to the improvement of business cash flow and accessing business funding. The first edition had articles about:...
There is a subscription link in the right hand column if you would like future editions emailed to you free of charge....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/first-edition-of-fundingvoice-free-magazine-available.html - Free FundingVoice Invoice Finance Magazine Subscription
The next edition of FundingVoice invoice finance magazine, newsletter, is due out over in the next few days. If you haven't already subscribed (its free!) please do so, and it will be sent...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/free-fundingvoice-invoice-finance-magazine-subscription.html - FundingVoice March 2021 The Recovery Loan Scheme And A Free eBook
FundingVoice March 2021 - The Recovery Loan Scheme And A Free ebook is now available online....
You can read the March 2021 edition here: The Recovery Loan Scheme And A Free e-Book....
Below are some of the articles that we have included in this publication....
In this edition you will find a selection of our most recent articles, including:...
It costs nothing to subscribe to our magazine so that you receive future editions immediately they are released. There will always be a delay publishing them to our website....
At present we are offering a free copy of our book "The Startup Wizard - How To Start A Business", to anyone that signs up to receive FundingVoice. However those that have received the magazine will...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/funding-voice-march-2021-recovery-loan-scheme-free-startups-ebook.html - FundingVoice April & May 2020 Are Now Online
FundingVoice magazine April and May 2020 are now available online to read, free of charge:...
- FundingVoice May 2020 - Invoice Finance In One Minute...
Below is the previous edition:...
- FundingVoice April 2020 - An Alternative To A CBILS Loan...
We start this edition with news from one of our funding partners, Optimum Finance, who have launched a facility approval app that is now embedded in our website. The app only required 8 simple...
We have a new product from MarketFinance that releases your furlough payments immediately, and details of how Bibby Construction Finance are open for business, and ready to fund the construction...
We explain the advantages of factoring over taking out a bank loan and explain our commission scheme, which means that you can earn money just by sharing our social media posts and a unique link that...
The previous edition is also now online. In this edition we explain an alternative to taking out a CBILS loan, a debt that will need to be repaid over time, and details of how we are concerned that...
There are details of the issues with conducting telephone debt verifications during lockdown and a story about one of our customers who are adapting to the current crisis by pivoting from permanent...
There is always a delay in getting each edition up online, so if you want to receive it as soon as it is available your best option is to subscribe so that it will go direct to your inbox each month....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-april-june-2020-invoice-finance-decision-in-60-seconds.html - FundingVoice August 2020 5 Star Review From A Factoring Client
The August 2020 edition of FundingVoice magazine has been sent out to our subscribers. You can read it online via the link below....
We have had to move to a new email platform this month, so this is the first edition via MailChimp. Also apologies to those that haven't received this edition, the software wouldn't allow...
This month we led with a great 5 star review that we received from a factoring client, together with a selection of other articles as summarised below....
You can read our August edition here: FundingVoice August 2020 - which is in a PDF format....
This edition also includes a selection articles that we have published over the course of the couple of months. These include:...
As always, we suggest that you subscribe to our magazine (free of charge) in order to ensure that you receive future additions immediately that they are released, direct to your inbox. We do not use...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-august-2020.html - The December 2018 Edition Of FundingVoice e-Magazine Is Now Available
The December 2018 edition of our e-magazine, FundingVoice is now available online, you can find it in our back catalogue of editions:...
December 2018 - FundingVoice - Pre-Christmas Funding From Awards Finalists...
The title of this edition is "Pre-Christmas Funding From Awards Finalists" and this release of our monthly e-magazine includes:...
If you subscribe to FundingVoice e-magazine, we will send it direct to your inbox each month. We also promise not to give your email address to anyone else without your consent....
Subscribing for free is the quickest way to receive the latest editions, which contain all the offers and discounts that we come across within the sector....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-december-2018-available.html - FundingVoice December 2020 - 86% Success Rate
FundingVoice December 2020 is now live online!...
You can download, and read, the PDF version for free, here: FundingVoice December 2020....
This is the final edition of the magazine for this year. This edition led with our recent finding, that we have been able to find business finance for 86% of those that have contacted us over the...
Below are details of the other articles that were included in this edition:...
The emailed version contained an incorrect link (not updated from last month!) so apologies for that. I have added a link to our offers and discounts page, from the article that it takes readers to....
A recent article about how we are able to finance sales relating to production, storage and distribution of Covid-19 vaccines....
This page sets out all the key information required by those considering using invoice finance. It explains exactly how the products work and gives you ideas on the approximate costs....
Similar to invoice finance, construction finance enables funding against applications for payment or invoices. These are used in the sector and only a few companies are able to fund against them....
Another important sector that we are able to support. Car crash bodyshops and garages that are invoicing insurance companies. These invoices can be purchased outright releasing their full value (less...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-december-2020-funding-success-rate.html - FundingVoice February 2020 - Funding RPO Invoices At 90 Percent
The February 2020 edition of FundingVoice magazine has just been sent out to our subscriber list....
This month we headlined with a case study about a recruiter that needed 90% funding against their RPO debtor. We explain how were able to help them find an enhanced level of prepayments....
We have an article prompted by a number of enquiries about featuring on our site, in FundingVoice and on our social media channels. This is something that can be offered in some cases, and will give...
You can read our February edition here: FundingVoice February 2020....
This edition also includes a selection articles that we have published over the course of the last month or so. These include:...
As always, we suggest that you subscribe to our magazine (free of charge) in order to ensure that you receive future additions immediately that they are released, direct to your inbox. We do not use...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-february-2020-rpo-funding-90-percent.html - FundingVoice February 2021 Help With Invoice Funding Restrictions
FundingVoice February 2021 - Help With Invoice Funding Restrictions is now available online. Sorry for the delay, it sometimes takes a while to get around to uploading the latest version. This is why...
You can read the February 2021 edition here: Help With Invoice Funding Restrictions....
Below are some of the articles that we have included in this publication....
In this edition you will find a selection of our most recent articles, including:...
It costs nothing to subscribe to our magazine so that you receive future editions immediately....
At present we are offering a free copy of our ebook "The Startup Wizard - How To Start A Business", to anyone that signs up to receive FundingVoice. Even if you are already in business the ebook...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-february-2021-help-with-invoice-funding-restrictions.html - FundingVoice January 2020 - Invoice Finance Without Minimums
The January 2020 edition of FundingVoice magazine has just been sent out to our subscriber list....
This month, it was difficult to narrow down the articles to include, as we have such a lot of new material on the site. The lead article is the offer from one of our funding partners, to provide...
You can read our latest edition here: FundingVoice January 2020...
I also took the opportunity to remind people that we are still seeking testimonials in order to assist us in winning the "Best Invoice Finance Broker" at the BMF awards 2020. There are now only a few...
This month's edition includes a number of highlighted articles, such as how we have been involved with assisting in the financing of a number of recent acquisitions....
For those readers that are part of an invoice finance company, or an outsourcer, we have details of access to additional survey/audit resource which may be useful....
There is an update on the looming VAT disruption that is set to affect the construction sector, and an article on how to make a successful application for a factoring facility. This edition also has...
Lastly, we have a new guide to invoice finance termination which provides helpful advice and procedural guidance if you are either subject to notice of termination from your provider, or you are...
As always, we suggest that you subscribe to our magazine (free of charge) in order to ensure that you receive future additions immediately that they are released, direct to your inbox. We do not use...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-january-2020-without-minimums.html - FundingVoice January 2021 Full Value Invoice Purchase
FundingVoice January 2021 is now available online, you can download it, free of charge, here:...
FundingVoice January 2021...
It's the first edition of the year, so we wanted to start by wishing all our readers a very Happy and Prosperous New Year! It has been a difficult year for many UK businesses, but we have been...
These are the main stories that we included in this edition....
In this edition there are details of a funder that will buy invoices outright at full value (less the fee), effectively releasing a 100% prepayment (less the fee). This might be a great option if you...
See details of our recent success in making the finals of the 2021 Business Moneyfacts awards, for the 7th consectutive year. We are very grateful to everyone that has provided us with a testimonial....
How you can clear any deferred VAT liabilities, to escape the burden of that debt and avoice the need to continue to seek deferral arrangements....
If you want to know exactly how prepayments are calculated, we set out full details with examples....
A case study of a deal where we found funding for a firm of accountants that worked primarily with dentists....
It always takes me a while to get the latest copy up onto our site. If you want to get the latest updates as soon as they are published please subscribe to FundingVoice. That way we will email you...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-january-2021-full-value-invoice-purchase.html - FundingVoice July 2023 An Unknown Way To Boost Your Prepayments
FundingVoice July 2023 - An Unknown Way To Boost Your Prepayments is now available online....
You can read the July 2023 edition here: An Unknown Way To Boost Your Prepayments....
Below are some of the articles that we have included in this publication....
In this edition, you will find a selection of our most recent articles, including:...
It costs nothing to subscribe to our magazine so you receive future editions immediately after they are released. There will always be a delay in publishing them on our website....
At present, we are offering a free copy of our book "The Startup Wizard - How To Start A Business", to anyone that signs up to receive FundingVoice. However, those that have received the magazine...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-july-2023-an-unknown-way-to-boost-your-prepayments.html - June 2019 FundingVoice Magazine Now Available
FundingVoice the June 2019 edition of magazine is now available online....
You can see the new edition here: FundingVoice June 2019 - Invoice Fraud Warning....
The June 2019 edition includes a warning about a new type of invoice fraud that could affect any business, but invoice funders in particular....
We also have details of how payment days are rising in the construction sector, and how manufacturers are finding it harder to get the funding they want....
This edition includes a breakdown of the sectors that are using receivables financing, and what can happen if you miss out the step of using a broker....
To make sure you receive future copies each month, direct to your inbox, please subscribe for free....
If you would like to contribute a relevant and unique article, to a future edition of the magazine, please get in contact with us on 03330 113622. FundingVoice is emailed out to a substantial...
We are able to include direct response links for any providers that contribute articles. This means that prospects can respond direct to you, via our site, without the prospect being introduced to...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-june-2016.html - FundingVoice June 2020 Bad Debt Warning
The June 2020 edition of FundingVoice magazine is ready to be sent out to our subscribers. You can read it online via the link below....
This month marked Glenn Blackman's 20th anniversary since starting his own business. He is the editor of our magazine and produces FundingVoice each month....
You can read our June edition here: FundingVoice June 2020 - now in PDF format (all back issues have now been updated to this format)....
This edition also includes a selection articles that we have published over the course of the last month or so. These include:...
As always, we suggest that you subscribe to our magazine (free of charge) in order to ensure that you receive future additions immediately that they are released, direct to your inbox. We do not use...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-june-2020.html - FundingVoice Magazine - October 2015 - 100% Invoice Finance Funding Offer
Latest version of our invoice finance magazine is now online and free for you to read and subscribe to future editions: FundingVoice Magazine - October 2015 - 100% Invoice Finance Funding Offer....
It includes:...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-magazine-october-2015-100-invoice-finance-funding-offer.html - FundingVoice March 2020 - How To Get Emergency Funding
The March 2020 edition of FundingVoice magazine was sent out to our subscribers, and we saw a c. 31% increase in the amount of people reading our articles when we sent our publication out....
This month much of our content is about getting business funding support in the wake of the novel coronavirus pandemic, and the lockdown in the UK....
You can read our March edition here: FundingVoice March 2020 - now in PDF format (all back issues are going to be updated to this format over the next few months....
This edition also includes a selection articles that we have published over the course of the last month or so. These include:...
As always, we suggest that you subscribe to our magazine (free of charge) in order to ensure that you receive future additions immediately that they are released, direct to your inbox. We do not use...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-march-2020-how-to-get-emergency-funding.html - FundingVoice Next Edition Taking Shape
The next edition of FundingVoice magazine is taking shape. I have been contacted by several parties that are interested in contributing material regarding improving business cash flow or getting...
We have some information about confidential invoice discounting pricing and we will also be sharing some of our research findings regarding the funding of business start-ups....
if you want to subscribe to the magazine you will see a link in the right-hand column of this page....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-next-edition-taking-shape.html - FundingVoice September, October And November 2020
The September, October and November 2020 editions of FundingVoice magazine have all been sent out to our subscribers. Apologies that it has taken me a while to add these to our site. I always suggest...
You can read them online via the links below....
We have rebranded the magazine (following the rebrand of our site) so hopefully, you like the new, clearer look and feel. This month we lead with our performance in saving money for clients on quotes...
We also have details of more support for struggling companies from a sympathetic finance company, and we also published a guide to surviving a financial crisis that might give you some useful...
You can read our November edition here: FundingVoice November 2020 - which is in a PDF format....
We have a great new offer from one of the invoice finance companies, the launch of our Business Turnaround Guide and also a new guide to Construction Finance....
You can read our October edition here: FundingVoice October 2020 - which is in a PDF format....
Personal Guarantees have been a matter of course for many invoice finance companies over the years. Now in some cases, it is possible to get a facility without needing to put your personal assets...
You can read our September edition here: FundingVoice September 2020 - in a PDF format....
* Savings updated post-publication...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice-sept-oct-nov-2020.html - FundingVoice Magazine Sponsors 1066 Business Awards
FundingVoice magazine are proud to be sponsoring one of the 1066 Business Awards this year. We will be sponsoring the award for "Employer of the Year 2016", which recognises local businesses as...
FundInvoice were lucky enough to be nominated as Finalists, in another category, last year and after attending the awards dinner we were really impressed with how this event recognised achievements...
The next edition of FundingVoice magazine is out tomorrow....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/fundingvoice_magazine_sponsors_1066_business_awards.html - Government Tackles Late Payment By Cash Flow Professionals
Cash Flow Professionals kindly provided an article for FundingVoice magazine which details the governments efforts to tackle late payment. You can read the article here: New Government Tackles Late...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/government-tackles-late-payment-by-cash-flow-professionals.html - November 2018 FundingVoice Magazine Is Out
The November 2018 edition of FundingVoice magazine is now available online. See our back catalogue to read it:...
November 2018 FundingVoice - 100% Invoice Funding...
This edition focuses on increasing funding for existing users, with reference to the 100% invoice funding options that are now available, and the option of funding the excluded debts outside of your...
We also have a spotlight article on Close Brothers Invoice Finance, 5 time winners of Best Factoring & Invoice Discounting Provider at the BMF Awards....
Finally it includes some positive feedback from one of our clients, help starting a new recruitment agency, and a piece about financing car crash repairers....
Please subscribe to FundingVoice to ensure you receive future editions....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/latest-invoice-finance-magazine-out-november-2018.html - March 2015 Edition Of FundingVoice Magazine Now Online
The March 2016 edition of our online business finance magazine, FundingVoice, is now available to view online: FundingVoice March 2016...
This edition includes:...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/march-2015-edition-of-fundingvoice-magazine-now-online.html - The March 2019 FundingVoice Is Now Available
The March 2019 edition of FundingVoice magazine is now available online....
This month we bring you a variety of articles regarding business growth, funding and invoice finance, including:...
As always, please subscribe (there's no charge) to ensure that you get future editions direct to your inbox each month....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/march-2019-fundingvoice-is-online.html - MarketInvoice Article For FundingVoice Magazine
MarketInvoice, have kindly contributed an article for the next edition of FundingVoice magazine....
MarketInvoice provide an online auction platform for receivables that enables the business community to auction their unpaid sales invoices, to raise cash immediately....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/marketinvoice-article-for-fundingvoice-magazine.html - May 2019 FundingVoice Magazine Now Online.
FundingVoice the May 2019 edition of magazine is now available online....
You can see it in our catalogue of back issues of our invoice finance, and business funding magazine....
The April 2019 edition includes a great testimonial from a client "I simply won't use any other broker"....
We also have market sizing information, both globally and the UK penetration of £1M+ companies. This edition includes our free guides about how to get the best invoice finance pricing, and how...
Lastly, we have a roundup of the news stories I have picked up on over the last month, including an award for Marketinvoice and news from Ultimate Finance about how they are reorganising in order to...
To make sure you receive future copies each month, direct to your inbox, please subscribe for free....
If you would like to contribute a relevant and unique article, to a future edition of the magazine, please get in contact with us on 03330 113622. FundingVoice is emailed out to a substantial...
We are able to include direct response links for any providers that contribute articles. This means that prospects can respond direct to you, via our site, without the prospect being introduced to...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/may-2019-fundingvoice-is-online.html - New Edition Of FundingVoice Magazine Is Available Online
The latest edition of our monthly FundingVoice magazine is available: Feb 2016 - Finance You Don't Repay...
It includes guest articles from MarketInvoice, about improving business cash flow, and In Association - with top tips for advertising....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/new-edition-of-fundingvoice-magazine-is-available-online.html - Next Edition Of FundingVoice Magazine
I am working on the articles for the next edition of FundingVoice magazine, which will have a new mobile friendly format....
In addition to the latest findings from our invoice finance research programme, there will be at least one guest article from one of the invoice finance companies....
If you are involved in the factoring or invoice discounting market, and would like to contribute some content, please get in touch....
http://www.fundinvoice.co.uk/blog/fundingvoice/post/next-edition-of-fundingvoice-magazine.html - Next Edition Of FundingVoice Magazine Out Soon
The next edition of FundingVoice magazine is about to be published. However, you still have time to subscribe for free so that you get it directly to your inbox, containing all the latest invoice...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/next-edition-of-fundingvoice-magazine-out-soon.html - The November 2019 Edition Of FundingVoice Magazine Is Available
The November 2019 edition of FundingVoice magazine, with all the latest news from the invoice finance sector, is now online....
You can read it here: November 2019 FundingVoice - Invoice Finance Breaking News....
This month we are asking our readers to take a quick, 4-question survey that will take less than 2 minutes to complete - so please help with that if you would be so kind....
There is some information on our performance over the last year, notably a 24% increase in new prospects that we have spoken to, and a 97.5% success rate at finding business finance for companies. It...
The additional articles included in this month's magazine are as follows:...
As we always say, please subscribe so that you receive future editions of FundingVoice direct to your inbox, free of charge. It prevents the possibility of missing out on important news within the...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/november-2019-fundingvoice-out.html - The October 2019 Edition Of FundingVoice Magazine Is Online
The October 2019 edition of FundingVoice magazine, our invoice finance e-newsletter, is not online for you to read:...
In the latest edition, we covered the normal variety of topics, all linked to the invoice finance sector:...
If you want to keep up to date with all the latest news from the invoice finance sector, we suggest you subscribe to FundingVoice, its completely free. That way, you don't miss out on the latest...
In the next edition I am planning to include some material about pricing within the sector, so please subscribe to make sure that you see that. Also, if you operate within our sector, and you have...
Thanks for reading! ...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/october-2019-fundingvoice-out.html - Read FundingVoice Online – Finance To Enable Growth
The August 2016 edition of FundingVoice magazine is online. It includes details of how one form of finance is enabling business sales growth and a set of specialist support resources for recruitment...
FundingVoice August 2016 - Finance To Enable Sales Growth...
You can subscribe, for free, to future editions here: Subscribe To FundingVoice Free Magazine...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/read_fundingvoice_online__finance_to_enable_growth.html - The September 2019 Edition Of FundingVoice Is Out Now
The September 2019 edition of FundingVoice magazine is out now. This is our monthly e-magazine that we email to our database of subscribers....
This edition includes a selection of our recent news articles relating to the invoice financing sector....
These include:...
You can read it online here: FundingVoice September 2019 - "What Is Going On At Optimum Finance?"....
We recommend that you subscribe to ensure that you receive future editions as soon as they are released. It's very simple, just enter your email address and then we send you a confirmation email...
http://www.fundinvoice.co.uk/blog/fundingvoice/post/september-2019-fundingvoice-magazine.html - Using Invoice Finance As Acquisition Finance
Acquisition finance can be required if you are acquiring a business and need money to pay the purchase price. This is our guide to acquisition finance using invoice finance funding facilities....
REQUEST A QUOTE...
A little-known method of funding acquisitions is by using the book debts of the company you wish to purchase as security for an invoice financing facility. This is one of several ways to finance an...
See this case study that concerns a company that was able to successfully use an invoice financing facility called factoring to assist with its second business acquisition. In the second case, the...
Read the case study here: Funding Growth By Acquisition Of A Business...
The following case study concerns a recruitment company using acquisition invoice finance to help fund a company purchase in their sector....
See that case study: Recruitment Acquisition Finance...
Another case is this one about Using Invoice Finance To Fund A Business Purchase...
The following sections of our acquisition guide give you more detailed information about making acquisitions and how to raise the finance needed to buy a company....
The acquisition may be structured in a number of different ways. The whole of the business may be acquired, e.g. by purchasing the shares of an existing company, which effectively means that the...
The structure of the consideration payment may also vary. Sometimes, it may be a cash consideration, which may be paid entirely upfront or partly deferred over time (often called an Earn-Out). This...
Agreeing on the terms of the purchase can take an extended period and a great deal of negotiation. The seller is always seeking a premium for their assets, and the buyer is always seeking a keen...
See our related information about structured finance for UK SMEs....
Specific terminology describes the exact nature of the purchase structure, and this may need explaining....
Sometimes, a business can be bought out by its existing management. This is referred to as a "management buyout", or MBO. If the team are not currently managing the target business, it can be...
Management buy-out finance solutions often rely on limited assets, hence the acquisition invoice financing options outlined below can be helpful....
A "merger" is similar, but it is where two organisations are merged into a single entity organisation, rather than one taking over the other....
There are also situations where a company may purchase either another business in its entirety (often called an Add-On acquisition) or may only purchase some (or all) of the assets of that other...
Asset deals are common when purchasing the assets of failed companies. If this is arranged in advance of the insolvency procedures, it is often called a Pre-Pack. See the section below....
Financing an acquisition is a complex task that requires expert support. A small business purchase often involves a cash payment, perhaps with some deferred element over time. In some cases, the...
There are a number of ways of funding an acquisition. In rare cases, the acquisitor may have sufficient capital to self-finance but that is often not the case. Typically, an acquisitor may consider...
Also, when considering how to finance an acquisition please see our guide to Leveraging Invoice Finance For Company Acquisitions....
To ensure that the funding runs smoothly, there are also a variety of other considerations that you should think about when planning a takeover that will require external finance. Expert support is...
There is a way of using invoice finance to fund an acquisition. This could be with funding against your own business' sales ledger, in order to meet the price of acquiring another business. It...
Some financiers are willing to make significant overpayments e.g. 100% against the book debts initially, in order to enable an acquisition to be completed. This level of prepayment may be gradually...
Related content: See our article about Increasing Invoice Finance Prepayments Using GGS....
This is a testimonial from an acquisitor that we were able to help when purchasing another company: Testimonial Following A Company Purchase....
Another form of company purchase is where a company enters insolvency proceedings and the directors, or a third party, are given the opportunity to purchase the assets of the failed company from the...
There are several other ways to finance an acquisition beyond using the book debts as described above. For example, you might consider the following methods of raising takeover finance:...
This is a step-by-step guide to securing acquisition finance:...
Assess the Target Business's FinancialsBefore approaching lenders, you need to gather and analyse key financial metrics from your acquisition target. This includes reviewing balance sheets,...
Explore Different Financing Options...
Acquisition finance comes in many forms, so it's essential to understand what suits your needs:...
Traditional Loans: Secured or unsecured loans from banks, often requiring solid tangible assets as security.Invoice Finance For Acquisitions: Ideal for companies with strong receivables allowing you...
Prepare a Strong Business PlanTo win lender approval, a detailed business plan is crucial. It should outline:...
Your strategic goals for the acquisition.Projected growth figures and profitability of the combined business.Repayment plans and exit strategies, show how you’ll manage the debt and create...
Perform Thorough Due Diligence...
Conducting thorough due diligence protects you from any unforeseen liabilities or financial risks associated with the acquisition. It involves:...
Legal Review: Ensuring compliance with local regulations and checking for hidden liabilities.Financial Scrutiny: Checking for inaccuracies in reported earnings, cash flow, and outstanding...
Negotiate Terms with FinanciersDifferent funders offer different terms, so it’s critical to compare rates, repayment schedules, and terms. Consider negotiating:...
Lower financing rates if your business has strong financials.Flexible repayment schedules that align with cash flow projections.Less restrictive terms to dictate how you can operate the acquired...
Secure Financing and Close the DealAfter successfully securing finance, finalise the legal and financial documentation. Ensure the acquisition is structured in a tax-efficient way to avoid future...
Post-Acquisition Integration Planning...
Once the deal closes, have a plan in place to integrate the acquired company into your existing operations. This may include:...
Aligning management teams and company cultures.Merging operations, financial systems, and customer service teams.Monitoring the success of the acquisition through key performance indicators (KPIs)....
These steps will help ensure your acquisition financing process is well-structured and mitigates risks....
Hopefully, this acquisition finance guide has been helpful to you. If you are looking at a potential purchase please speak to us at 03330 113622, about how we can help you raise the purchase price...
Acquisition finance refers to the funding used to acquire another business. It can come from various sources such as loans, invoice finance, private equity, or mezzanine financing. Raising that...
Yes, invoice finance allows businesses to leverage unpaid invoices to raise funds quickly, which can be used for acquisitions. It’s especially useful for cash flow management during the...
While business loans are often general-purpose, acquisition finance is specifically tailored to fund the purchase of another company, often with flexible repayment terms and options based on the...
Qualification depends on factors like your business’s financial health, the acquisition target’s financials, the type of financing and the lender’s criteria. A solid business plan...
Risks include overpaying for the target company, integration challenges, or not achieving the expected financial returns, which can make repayment difficult....
The amount depends on the value of the target business, your business’s financial stability, assets that can be used as security and the type of finance you're using....
Private equity involves selling shares in your business to raise funds, while debt financing requires you to repay the finance over time with a profit margin. Each option has its benefits, depending...
http://www.fundinvoice.co.uk/blog/growth/post/acquisition-finance.html - Base Rate Increases To 0.75 Percent
Yesterday, 2nd August 2018, the Bank of England (BOE) announced its decision to increase bank rate to 0.75%, according to BBC reports. A rise of 0.25%, and only the second rise in the last decade....
Mark Carney, Governor of the BOE, warned of further "gradual" and "limited" rate rises to come. The BOE has partly put the low economic growth rates during Q1 2018 down to the impact of the Beast...
Growth is great for the economy and our sector, the invoice finance companies are closely allied with funding business growth. The faster companies grow, the more they can feel the cash flow...
We have identified a close correlation between high growth businesses and the use of invoice finance, with rapidly expanding companies having a very high propensity to use there cash flow services...
The key for the UK economy is not to stifle the growth with interest rate rises, particularly in the shadow of Brexit. Lets hope the level of growth continues to rise....
http://www.fundinvoice.co.uk/blog/growth/post/bank-base-rate-increases-by-quarter-percent.html - Cash Flow Finance
Cash flow finance (CFF) is a term that refers to short-term financing products that can be used to boost the cash flow of a business....
Typically these solutions may include facilities such as:...
• Invoice financing products• Business or commercial loans• Bank overdrafts• Merchant cash advance• Corporate credit cards...
Pretty much any finance that is for working capital purposes i.e. not to buy an asset, could be included under this banner. If you want CFF that grows with your turnover as you expand, this is a...
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We have updated my findings on how easy it is for a company to find cash flow finance quotes from trusted providers when they search the Internet. This is the typical type of customer that we might...
So this search could be made by the owner of a new startup business that has decided they need some funding to improve the flow of money through their company. Perhaps they have some unpaid invoices...
They may not be clear on what types of funding are available, so they use a generic search term. We looked at how easily and quickly, they can find their way to a service like ours that can provide...
You may recall that I looked previously at how difficult it is for startups to find business finance via a web search. This article addresses a different type of search....
Searching via Google in the UK, using the search term "cash flow finance", the adverts are of course the top results....
The top result is not from an invoice finance company, so not a great start but it is from an independent commercial lender that provides loans. Google adverts work by advertisers bidding to get...
A better strategy may be to find a party you can trust and ask them to recommend providers. This is the gap that we, and our peers, try to fill with our brokerage services that connect customers with...
Anyway, returning to the top search result (the paid inclusion ad from an independent loan provider) the next advert was from a major independent invoice financing group with national coverage, They...
The next result is actually for a company that provides cash flow management software, which is completely irrelevant to our example client who is specifically seeking financing. Unfortunately, this...
The final paid result at the top of the page was for a company that we had not heard of offering instant approval on cash flow loans of between £5,000 and £100,000. This may be helpful...
Next on the page were the organic search results....
Organic search results are those that are highly ranked according to the algorithm that Google applies to rank the competing material. In this case, the top results was from Investopedia (a site to...
Below those results are a list of further questions from Google:...
None of these questions is what our example customer is looking for if they are seeking to connect with suitable providers. The three later questions are completely irrelevant....
So the 2nd organic result is from a national institution set up to help connect businesses with funding. The page does allow our example customer to drill down into invoice financing services but...
The 3rd result was for a large, well-known independent financing group. This might be a helpful result for our example client as we would recommend them but would not be the only option that we would...
The 4th result was another page from Investopedia about how cash flow works....
The 5th result was from a brokerage offering cash flow loans....
The 6th result was another broker with what looked like a fairly substantial form to be filled out by our client including the need to register and set up an account to proceed....
The 7th result was an article from the blog of a company that provides cash management software. Completely irrelevant to our example customer....
The 8th result was the national institution (result 2 above) again....
The 9th result was a bank offering the opportunity for customers to borrow against future cash flows....
The final entry on the page is another paid inclusion advert, this time from a lender offering Amazon store financing, growth funding and lines of credit. They required 6 months trading history and...
The saga above demonstrates the difficulties of finding cash flow funders that offer invoice finance services to new startups. It is hit and miss if you just randomly pick results from a Google...
FundInvoice offers an independent quote search and support service for invoice finance, and other forms of business funding. We have undertaken a lot of research to compare prices and service levels...
See also our online Cash Flow Guide....
http://www.fundinvoice.co.uk/blog/growth/post/cash-flow-finance.html - Comprehensive Guide To Marketing
Marketing is an essential component of any successful business. It is the process of identifying, anticipating, and satisfying customer needs through the creation, promotion, and distribution of...
Marketing is a constantly evolving field, and it can be overwhelming to keep up with the latest trends and strategies. In this comprehensive guide to marketing, we will explore the basics of...
SEE THE GROWTH MARKETING PLAYBOOK...
Marketing is a broad term that encompasses a variety of activities. Marketing is about understanding your customers and creating products and services that meet their needs. The four Ps of marketing...
These are the fundamental elements of any marketing campaign, and they work together to create a cohesive marketing strategy....
For more about producing a marketing plan and developing your marketing strategy please see our article about marketing a startup, the methodology it explains can apply to any business....
The product is the heart of any marketing campaign. It is what you are selling, and it is essential to understand the features and benefits of your product. You should be able to clearly articulate...
Price is the amount you charge for your product or service. It is essential to set the right price for your product, as this can make or break your marketing campaign. You should consider the cost of...
Promotion is the process of communicating the value of your product or service to your customers. This can be done through advertising, public relations, direct marketing, and other promotional...
Place refers to the distribution channels you use to sell your product. This can include brick-and-mortar stores, online marketplaces, and other distribution channels. You should consider the needs...
Now that we have covered the basics of marketing, let's dive into some free marketing tips that will surprise you. See our business growth guide for more ideas on how to expand....
User-generated content is a powerful tool for marketing your product or service. This is content that is created by your customers, such as reviews, testimonials, and social media posts....
Influencer marketing is a growing trend in marketing, and it can be a powerful way to reach new customers. Influencers are people with large social media followings who can promote your product or...
Personalisation is a powerful tool for creating a strong emotional connection with your customers. This can include personalised emails, product recommendations, and other personalised marketing...
Offering free trials can be a powerful way to encourage customers to try your product or service. Free trials can help build trust with your customers and can be an effective way to convert leads...
Social media advertising is a powerful tool for reaching new customers. Social media platforms like Facebook, Twitter, and Instagram offer powerful targeting options that can help you reach your...
Attending industry events is a great way to network with other professionals in your industry and stay up-to-date with the latest trends and developments. Industry events can also be a great...
Offering referral discounts is a great way to encourage your customers to spread the word about your business. Referral discounts can be a powerful tool for generating new leads and for building...
Creating valuable content is a powerful way to attract new customers and build trust with your existing customers. Valuable content can include blog posts, videos, infographics, and other types of...
Email marketing is a powerful tool for nurturing leads and for keeping your customers engaged. Email marketing can include newsletters, product updates, and other types of content that are sent...
Finally, it is essential to monitor your marketing metrics to ensure that your campaigns are effective. Marketing metrics can include website traffic, conversion rates, social media engagement, and...
Marketing is an essential component of any successful business, and it can be a complex and challenging field to navigate. By understanding the basics of marketing and implementing some of the free...
http://www.fundinvoice.co.uk/blog/growth/post/comprehensive-guide-to-marketing.html - Research Suggests Need For External Business Finance Among Growing Businesses
Interesting to read the London School of Business and Finance, quoting research by Wesleyan Bank, that apparently showed some confident growth prospects, and and appetite for external business...
The research across 500 business owners of SMEs showed that over 50% now have more confidence in the growth prospects for their company than they did last year. In addition, 50% believe that Brexit...
The survey reports that 59% of SMEs have used external finance, at least once over the last year. This is a marked increase, from the 30% recorded in their 2016 survey....
The appetite for business finance reflects what we are seeing, as more customers have enquired recently and it bodes well for the future of the UK economy if confidence is growing. I posted recently...
Business Leader magazine recently wrote about the latest NatWest South West PMI data indicating growth across the regions private sector businesses at the end of Q2 2018. It reported that business...
We remain well placed to support the anticipated external business finance needs of these growing companies. We have enjoyed a 97% success rate in finding business funding for companies, and we...
Please contact Sean on 03330 113622 for help with your business finance requirements....
http://www.fundinvoice.co.uk/blog/growth/post/external-business-finance-growth.html - Factoring CIS Invoices In The Construction Sector
Construction is a difficult sector to secure invoice financing as it can be fraught with contractual obligations which are the bane of any factoring companies life. Factors tend to finance simple...
In a recent case, we were able to find factoring for CIS invoices for a recruitment company that needed funding against some CIS invoices to debtors in the construction sector....
The Construction Industry Scheme (CIS) is operated by the UK government. It requires that some contractors deduct money from their payments to sub-contractors, and pass it to HMRC. The...
Fortunately, our client had other aspects to their business including sales to other sectors. This diluted the proportion of the sales ledger that CIS invoices represented....
This particular client had some rapid expansion plans. Their annual sales turnover was predicted to increase almost 7-fold over the next year. This level of growth will cause cash flow problems for...
Therefore, they came to us to find them lower-cost expansion finance that could accommodate funding against their CIS invoices. Although the field of funders that will deal with CIS is narrow, we...
http://www.fundinvoice.co.uk/blog/growth/post/factoring-cis-invoice-construction.html - Factoring Invoice Discounting A Way To Fund Increasing Turnover
Factoring invoice discounting is a great way for a business to fund increasing turnover. In actual fact, the term does not refer to a single type of receivables financing, it is a combination of two...
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The two products referenced within the name are as follows:...
Although UK GDP growth forecasts have been reduced for this year, that is still an increase that will lead to cash flow issues for many UK companies. Also, many organisations will be growing much...
For more help growing your business see our Growth Hub for tips, help and support....
The more a business sells, the more cash it has to find to meet the cost of purchasing stock or paying staff. These are some of a company's "variable costs". This term means that these costs are...
Therefore, as a company increases its volume of sales it can need more working capital to pay its rising variable costs. In reality, many companies also need help meeting their fixed costs....
Financial products such as factoring and invoice discounting can be used to help meet those rising costs. However, these products have one big advantage over alternative forms of funding such as...
http://www.fundinvoice.co.uk/blog/growth/post/factoring-invoice-discounting-fund-increasing-turnover.html - Finance For Medical Ventilator Manufacture
Medical ventilators could become in short supply. The Guardian reported (16/03/20), that the Health Department had advised that the NHS had 5,900 ventilators, but could need as many as 20,000 units...
This will put a strain on existing producers of ventilation equipment and also on smaller producers of components as they struggle to cope with their own production line, and cash flow issues, as a...
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Medical ventilators are specialist machines used to provide oxygen (O2) to patients with breathing difficulties. These can be critical in assisting victims of novel coronavirus, that go on to develop...
The Guardian reports that 60 manufacturers have been sent blueprints to make these units at speed, as Boris Johnson has called on British industry to help the Government prepare for a surge in...
The Government have targeted big firms such as Rolls-Royce, Airbus and Jaguar Land Rover, to assist with this task, although businesses generally are being asked to become involved with the design,...
However Penlon, the medical devices maker, apparently told BBC News that they believed that the idea of other sectors switching production to production of ventilators was unrealistic. Penlon...
Breas, the UK's only specialist maker of ventilators for intensive care units, have apparently moved to 7 day working arrangements to support the effort. Their "Nippy" ventilators are apparently...
There are also reports of marine equipment manufacturers looking at the potential to switch from the production of underwater breathing equipment, to production of ventilator components and...
It is a priority for the UK to ramp up and increase production as quickly as possible. This rate of growth is likely to put a strain on the cash flow of companies that are involved with both the...
We are ready to do our part to find the finance required to keep the cash flowing for the businesses that are ramping up production or are switching production, in order to support the effort to...
We have already been approached regarding the surge in demand for services relating to efforts to combat coronavirus. Please contact us on 03330 113622 if you also need cash flow help to cope with...
http://www.fundinvoice.co.uk/blog/growth/post/finance-for-medical-ventilator-manufacture.html - Financing Business Growth
When your business is fast growing, it can be difficult to finance that growth. Traditional bank facilities can find it difficult to keep up with your cash flow requirements, as they tend not to grow...
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Our research has confirmed that 14 times more fast-growing businesses use invoice finance than the national average. We also interviewed invoice finance users, and 87% told us that using this type of...
Financing business growth is easy with invoice funding as the amount of funding grows in line with your sales turnover. It is not like a loan or overdraft, as they tend to be for fixed amounts. The...
Read more about how invoice funding can help your business grow and expand....
It is common for fast-growing businesses to need this type of finance, as they need to free the money tied up in their outstanding invoices to pay for raw materials, wages & staff costs or other...
If you are looking to transform into a fast-growing business, we have provided a free guide to growing your business. The guide includes lots of expansion ideas and growth strategies, as well as more...
http://www.fundinvoice.co.uk/blog/growth/post/financing-business-growth.html - Growth Guide How To Grow Your Business
Business growth is the objective of most organisations and this guide seeks to help you expand and grow your business....
We are heavily involved with fast-growing companies so we have a wealth of experience in achieving and funding expansion. There are many business growth-related resources on our site and others, so...
If you are seeking ideas about how to grow and expand your business, this free business expansion guide may help give you some ideas about how you can achieve business growth....
Glenn Blackman MBA is one of our partners with a background in marketing consultancy. He is responsible for our own business marketing and has produced THE GROWTH MARKETING PLAYBOOK that you can use...
With a large number of UK SMEs expecting to grow this year, there is some degree of confidence within the UK. The following additional resources may give you some helpful ideas for strategies or...
Please see our free, comprehensive guide to marketing a UK business....
We have published a list of possible strategies for growth that fit within a number of simple categories. This article sets out all the possible options available to a business that wants to expand,...
If sales are an issue and you want to close more deals, Glenn has co-authored and published a book: "Selling Without Shaking Hands - How To Sell From Anywhere". The book explains a simple "Tipping...
Previously we also put forward some marketing ideas to Grow The Success Of Your Business. This article sets out how we approach our own marketing, and how you can apply the same type of thinking to...
We have also published some further marketing ideas about keeping in touch with prospects and using social media. This includes how to maintain an ongoing contact programme with your customers, and...
As part of our guide to setting up a new startup business, we put together a guide to marketing for startups which includes some helpful thoughts about how you should go about developing a marketing...
We also produced some material for entrepreneurs that might be helpful, and which includes some thoughts about how to develop strategic ideas and strategic thinking. It is based on a presentation...
Once you have planned how you want to expand your business, you will need to decide how you are going to fund the journey towards your goals and objectives. There is a wide range of methods of...
See our related article on Scale-Up Finance....
One funding method that is closely linked to fast growth is the use of invoice or receivables financing. This is often called "growth finance" as it is closely allied to fast-growing companies that...
Read about how invoice finance can help your business to grow....
If you are contemplating accepting a large order, this type of funding can be particularly useful in enabling you to fund a large order or project. Being able to take on a large order is one way of...
The graphic below shows some of the key facts about the linkage between the use of this type of funding and increasing your trading volumes:...
Acquisitions are another way of growing your business, acquiring the trade, debts or business of another entity and amalgamating that into your own business. This can be one way of achieving a quick...
The funding of acquisitions is something that receivables finance can play a part in. Our post about how to leverage assets to enable acquisitions could present an interesting way of raising the...
The following infographic summarises the findings of our research amongst high-growth companies:...
One aspect of funding is how you can sell more by offering finance to your customers. In an article from an external contributor, the idea of extending third-party finance to your customers, in order...
We hope that this summary guide will help you decide how to grow your business, and also help you consider how you can finance that expansion. An important part of your planning is the setting out...
These can be defined as follows:...
Whilst defining these is important, the most important thing is providing products and services that are in demand, which ensures a profitable outcome for your business....
http://www.fundinvoice.co.uk/blog/growth/post/free-guide-how-to-grow-your-business.html - Growing The Success Of Your Business
As a business owner the growing success of your business is likley to be something that you focus a lot of your time on - but you may also be on the look out for new ideas about how to achieve that....
Lets take our own customers, invoice finance users or prospective users, as an example. Approximately 1% of UK businesses use invoice finance. If you assume that the same amount again have the...
If we were selling mobile phones we might say a potential market is almost 100% of the population, hence we could consider methods of marketing that were "scatter gun" in their nature e.g. TV...
However, in a niche like ours, with just 2% of companies as a target, we need a very targetted approach to our marketing. This could be by identifying and contacting companies that look similar to...
This is a very basic example of data mining. Data agencies will be able to profile existing customers that are using your services, and identify others that look similar in terms of key metrics. This...
We spend very little on marketing, and we use lots of free marketing methods that might help you....
It sounds counter intuitive but it is worth keeping a dialogue going with your peers and competitors. Often other similar organisations are happy to discuss aspects of how they undertake their own...
Sometimes you have to trade some information about what you are up to, but you don't have to give away all your trade secrets, just a flavour of how you are marketing you business. For example,...
More to follow . . . If you need some marketing help please contact us on 03330 113622....
http://www.fundinvoice.co.uk/blog/growth/post/growing-success.html - Growth Finance For 2019
2019 is just around that corner, and the run up to the New Year is always a good time to take stock of last year's performance, and make your plans for the next year. Growth is an expectation...
CHECK THE COST OF GROWTH FINANCE...
The Q2 2018 SME Monitor from BDRC showed that 41% of businesses said they had grown over the last year, increasing with size from 39% of those with 0 employees, up to 64% of those with between 50 and...
Expectations for the future were also buoyant. The monitor showed that despite Brexit and economic concerns, 47% of SMEs are expecting further business growth over the next year....
Increases in trading volumes can put cash flow pressures on SMEs. If you are manufacturing, raw materials and factory costs can start to cause cash flow headaches when you are watching the order...
There are options that will bridge that funding gap for growing companies. Receivables finance releases the cash tied up on your sales invoices immediately, so that you don't have to wait for...
We have conducted research amongst existing users of receivables finance, and they confirmed that in 87% of cases they thought that using this type of growth finance had enabled their businesses to...
If you have plans to expand in 2019, there are sources of funding available that will grow in line with the turnover of your business. This does not work like a traditional overdraft, or loan, where...
http://www.fundinvoice.co.uk/blog/growth/post/growth-finance-2019.html - How Invoice Discounting Can Help Your UK Company Grow
For many UK companies, cash flow can be the difference between success and failure. Invoicing customers is an essential part of doing business, but waiting for payment can put a strain on your...
Invoice discounting is a type of invoice finance that allows businesses to receive funding against their unpaid invoices. Instead of waiting for customers to pay, businesses can receive an advance on...
FundInvoice is a UK-based invoice discounting brokerage that helps businesses find the best invoice discounting solutions for their needs. They work with a range of lenders to provide businesses with...
Invoice discounting allows businesses to receive funding against their outstanding invoices. When a business raises an invoice, it can submit it to the invoice discounter, who will advance it a...
There are two types of invoice discounting: disclosed and confidential. Disclosed invoice discounting is where the customer is aware that the business is using an invoice discounter to fund their...
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If you are looking at these products for the first time you may be asking "Is invoice discounting a good idea?". Below we consider some of the pros and cons, benefits and drawbacks so that you can...
The benefits of ID are mainly based on the improvement of your cash flow, which can be substantial. In terms of drawbacks, there are very few but perhaps you may want to pledge your book debts to...
Below we explore some of the benefits in more depth....
There are several benefits of invoice discounting, including:...
1. Improved cash flow: Invoice discounting can provide UK companies with the cash they need to grow their business. Instead of waiting for customers to pay, businesses can receive an advance on their...
2. Flexibility: Invoice discounting can be used on an ongoing basis or as a one-off solution to a cash flow problem. This flexibility means that businesses can tailor their use of invoice discounting...
3. Speed: Invoice discounting can provide businesses with funding quickly. Unlike traditional loans, which can take weeks or months to process, invoice discounting can provide funding within a matter...
4. Credit control: With confidential invoice discounting, businesses can continue to manage their own credit control. This means that they can maintain their customer relationships and ensure that...
5. Reduced risk: Invoice discounting can reduce the risk of bad debt if bad debt protection (BDP) is added to the facility. By receiving BDP against their invoices, businesses can protect themselves...
FundInvoice is an invoice discounting brokerage that can help businesses find the best invoice discounting solutions for their needs. They work with a range of lenders to provide businesses with a...
FundInvoice can help businesses with:...
1. Finding the best lender: FundInvoice works with a range of lenders to provide businesses with a range of options. They can help businesses find the lender that best suits their needs....
2. Comparing quotes: FundInvoice can provide businesses with comparative quotes from multiple lenders. This means that businesses can compare the fees, rates, and terms of different lenders to find...
3. Negotiating terms: FundInvoice can help if you need to negotiate the terms of your facility with an invoice discounting company....
REQUEST A CALL FROM FUNDINVOICE...
http://www.fundinvoice.co.uk/blog/growth/post/how-invoice-discounting-can-help-your-uk-company-grow.html - How Invoice Finance Can Help Your Business Grow And Improve Cash Flow Management
In a competitive business world, it can be challenging for small and medium-sized enterprises (SMEs) to secure the funding they need to grow and thrive. Invoice finance is a popular financing option...
Invoice finance is a form of business funding that allows companies to release cash tied up in unpaid invoices. It works by selling your outstanding invoices to a third-party provider, via a broker...
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One of the main benefits of invoice finance is that businesses can access funds quickly without waiting for their customers to pay. With invoice finance, SMEs can enjoy quick access to cash flow and...
Invoice finance can also help improve cash flow management for SMEs. Instead of waiting for customers to pay, businesses can receive payment on the same day the invoice is issued. This allows...
Unlike traditional bank loans, invoice finance does not require any collateral to secure funds. This reduces the financial risk associated with borrowing, making it an attractive option for SMEs who...
Invoice finance also offers greater flexibility compared to other forms of business finance. Companies can choose to finance a specific invoice or all of their invoices, providing greater control...
Find out more about tailored SME Invoice Finance....
Invoice finance is an excellent option for SMEs looking for an alternative way to access funding quickly and easily. It provides businesses with a flexible and cost-effective solution to cash flow...
http://www.fundinvoice.co.uk/blog/growth/post/how-invoice-finance-can-help-your-business-grow-improve-cash-flow-management.html - How To Finance A Large Order
The feeling when you win a large order, or contract, can be amazing. However, the euphoria can be short-lived as large sales often bring with them a number of potential problems, not least of which...
The first issue is that your resources may have to be focused on delivering against that large order. This can take your focus away from dealing with smaller customers and in some cases regular...
It is also sometimes the case that a bulk order requires discounting of the individual unit price, in order to provide a bulk purchasing discount to the customer. In these cases, it could be less...
There are a number of risks that go hand-in-hand with having one large customer. These can include the risk that the customer pulls their order at some stage during production. This could be a...
Even if you have a signed contract, it still does not mean that there is no possibility of the customer cancelling the order. It merely means that you may have some recourse to them for financial...
The next issue is the potential failure of your customer. Although people often see well-known companies as unlikely to fail, there has been a recent spate of high-profile cases that have proven that...
Lastly, you can have cash flow problems arising from needing to cover the staff and raw material costs to fulfil the order. Products such as invoice finance can help with these kinds of costs....
If you are worried about having to continue with the invoice financing after you have delivered against the order there are selective funding services that place no requirement on you to ever use the...
If you are already a business that uses invoice finance, taking on a single large customer can be a problem for some invoice finance companies. Funders tend to be concerned about the spread of...
To get help with your situation please call Sean on 03330 113622 to talk through your requirements....
http://www.fundinvoice.co.uk/blog/growth/post/how-to-finance-a-large-order.html - Innovative Ways To Grow Your UK Business
As a business owner, you know that growth is essential to the success of your company. But how do you take your business to the next level? You might be familiar with some of the more traditional...
Please feel free to take a look at our free Business Growth Hub for links to our Growth Guide which includes lots more suggestions and tips....
Technology is constantly evolving, and investing in the latest tools and software can help your business grow in ways you never thought possible. Consider using tools such as CRM software, online...
It's often said that acquiring a new customer can cost up to five times more than retaining an existing one. Yet many businesses focus all their energy on acquiring new customers, often...
Expanding into new markets can be a great way to grow your business. Consider exporting your products or services to new countries, or targeting a new niche within your existing market. By...
Collaborating with other businesses can be a powerful growth strategy. By partnering with other companies, you can tap into new customer bases, share resources, and even access new markets. Consider...
Your employees are the backbone of your business, and investing in their engagement can have a significant impact on your bottom line. By fostering a positive work culture, offering training and...
Consumers are becoming increasingly environmentally conscious, and embracing sustainability can be a great way to differentiate your business and attract new customers. Consider adopting eco-friendly...
Financing is often a key challenge for businesses looking to grow. Traditional funding options such as bank loans or overdrafts can be difficult to obtain, especially for smaller businesses. However,...
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Growing your business requires a combination of strategic planning, creativity, and hard work. By investing in technology, focusing on customer retention, exploring new markets, collaborating with...
http://www.fundinvoice.co.uk/blog/growth/post/innovative-ways-to-grow-your-uk-business.html - Using Invoice Finance To Fund Growth
UK businesses seem to be experiencing some growth and this is likely to create cash flow pressures that can be alleviated by using invoice finance to fund business growth....
Recent results from the Bibby Financial Services Global Business Monitor survey showed that 49% of the businesses surveyed had grown their turnover during the last 12 months and 55% were expecting to...
The issues with growth is that you can enter a situation known as "over-trading". This is when a business grows at a rate that outstrips it working capital reserves. For example, if you are a...
This is exactly the kind of situation that invoice finance can assist with. Put simply, you no longer have to wait for your customers to pay their sales invoices, despite giving them the credit terms...
In a survey that we conducted, 87% of existing users of these services, said that using them had enabled their business growth....
In a normal trading situation where you have multiple sales transactions, the amount of finance builds to a considerable amount. When you have an outstanding sales ledger of unpaid invoices, you...
The problem with using overdrafts and loans to fund growth is that they are fixed amounts that don't grow with your turnover. Invoice finance does grow as it is driven by the volume of...
Even if you only have a seasonal peak cash flow requirement, this kind of funding can be useful. There are selective facilities that allow you to use the funding only when you need it, controlling...
We have produced a new, free Invoice Finance Guide that explains how these products work, and how they are priced and also gives you some helpful guidance that any company considering using these...
http://www.fundinvoice.co.uk/blog/growth/post/invoice-finance-for-growth-funding.html - Marketing Ideas To Grow Your Business
This post follows on from yesterday's post about Growing The Success Of Your Business, I have noted below a few more marketing ideas to grow your business that you might find helpful. None of...
One of our Partners publishes low-cost marketing ideas via a site called: Free Marketing Ideas and there is a monthly marketing newsletter that you can subscribe to without any charge....
So here are a few more thoughts:...
It takes so much effort to get a prospect yet so many businesses fail to keep in touch with their prospects, particularly after the initial sales lead goes cold. We purchased services from a company...
Our own invoice finance newsletter (to which you can subscribe for free online) goes out monthly to our extensive list of prospective customers, existing customers and introductory sources. We use it...
More and more businesses see the value in using social media such as Twitter, Facebook, LinkedIn etc. in order to connect with new businesses. It sounds like a lot of work but there is plenty of...
Here are a few social media tips:...
More to follow . . . if you need help with your marketing please get in touch with our partners that can help....
http://www.fundinvoice.co.uk/blog/growth/post/marketing-ideas-to-grow-your-business.html - Scale Up Finance And Scaling Up Ideas
Scale-up finance is about putting in place the financing to enable a business to expand and grow. This might be through organic growth, acquisition (sometimes called scaling out) or some step-change...
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Let's start with a definition of scaling up to understand what it entails....
Scaling up a business involves expanding its operations to increase turnover, market reach, and profitability. However, this growth phase comes with its own set of financial challenges....
Understanding and managing these challenges is crucial for ensuring sustainable growth. This article delves into the key financial aspects that UK-based companies should consider when scaling up...
See our Business Growth Hub for more ideas about how to scale up your business and how to scale up a startup....
Scaling up finance refers to the strategies and financial mechanisms that businesses employ to support rapid growth. This involves securing adequate funding, managing cash flow, optimising costs, and...
One of the primary concerns for businesses looking to scale up is securing sufficient funding. There are various sources of scale-up financing and funding available to UK companies, each with its own...
See our related article for a comprehensive look at the full range of ways to fund a business....
In essence, the options and ideas for funding such situations are likely to include:...
This infographic summarises the UK ecosystem for scale-ups and their financial challenges:...
When exploring scale-up finance options, it's crucial to consider industry-specific challenges and opportunities. For example, a technology startup may benefit from venture capital due to the...
See also: Case Study Where We Helped A Company Scale Up ...
This is a user testimonial from a business we found the best financing options to help them scale their business to the next level....
"5 stars. The service has been great. Not just for the service they provide but for the way they carry out their business. Not like other companies who chase until they get an answer they present you...
As businesses scale, they often require more than just one type of financing. Hybrid financing models, which combine elements of different financing methods, offer a flexible solution. These models...
While traditional financing options like bank loans and venture capital are well-known, alternative funding sources can provide unique benefits. Receivables-based financing can release additional...
The financial landscape is rapidly changing so businesses looking to scale up have access to a diverse range of funding options. Fintech has revolutionised the industry by offering innovative...
You need to produce a robust plan for the scaleup phase. This will include how you are going to go about this expansion and what your scale-up business model will look like. See these Top 10 Tips For...
Effective cash flow management is crucial for any business, but it becomes even more important during the scale-up phase. Rapid growth can put a strain on cash flow, making it essential to have a...
Regularly forecasting cash flow helps businesses anticipate periods of surplus and shortfall. This allows for better planning and decision-making, ensuring that the business can meet its obligations...
Having a contingency plan in place for unexpected expenses or sales shortfalls is vital, especially if you are in a period of rapid expansion. This could involve setting aside a reserve fund or...
As businesses grow, they often encounter new regulatory landscapes that can impact their operations. For example, expanding into international markets introduces complexities such as compliance with...
Scaling up often leads to a pivotal moment—whether it’s an acquisition, merger, or company floatation. Proper financial planning for these events is crucial. Businesses should focus on...
Scale-up finance refers to funding options designed to help businesses grow rapidly. This could include receivables financing, loans, equity financing, or hybrid models tailored to the specific needs...
Determine your funding needs by creating a detailed financial and cash flow forecast, which includes projected expenses, turnover, and growth targets. Consulting with financial advisors can also help...
The risks include over-leverage, loss of control in equity financing, and financial strain if growth projections are not met. It’s important to choose the right type of financing based on your...
Different industries have unique financing needs; for example, tech startups might seek venture capital, while manufacturers might prefer asset-based lending....
http://www.fundinvoice.co.uk/blog/growth/post/scale-up-finance.html - Strategies For Business Growth
Most business owners are interested in strategies for business growth, as they want to increase their sales turnover and boost their profitability. Turnover growth doesn't always result in an...
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For the purpose of this article, I have put aside constraints such as having enough workers or being able to source enough raw materials etc. to concentrate purely on the growth strategies - rather...
There are only a few growth strategies (or a combination of these basic strategies in some cases) that you can use to grow your business:...
When you think about it, all growth strategies fall under one (or more) of those umbrella terms. Below are a number of more detailed sales growth strategies, which all fall under one or more of those...
For more help see our Free Guide To Growing Your Business....
http://www.fundinvoice.co.uk/blog/growth/post/strategies-for-business-growth.html - UK Finance 2017 Statistics Indicate High Growth Business Users
UK Finance, who recently absorbed the industry body formerly known as the ABFA, have just reported on their year-end statistics for 2017, for the invoice finance and asset based lending market...
It is important to note that not all invoice finance companies are members of the UK Finance industry body, however, the figures do represent a large proportion of the UK market....
The statistics showed an overall increase in the volume of lending to £23.4 billion, an increase of 5% from the position at the end of 2016. However, the number of clients using facilities...
Anyone involved with the invoice finance and asset-based lending markets will understand that whilst the overall number remains the same, there will have been a degree of churn within the total...
Depending upon the average client life that you assign, you can calculate the number of clients is likely to be lost from the industry, and therefore are required to be replaced, in order to remain...
There will also be switches between providers that have stayed within the sector but moved to an alternative company....
The increase in lending volumes is interesting, as it is likely to reflect a combination of two things. Firstly, recruiting new larger customers to replace the loss of smaller customers, could...
You should also consider that the growth in lending volume will represent a proportionately larger growth in turnover. In our experience, typically an invoice finance user will borrow approximately...
http://www.fundinvoice.co.uk/blog/growth/post/uk-finance-abfa-asset-based-finance-statistics-2017.html - Video About Growth By Diversifying Into Support Services And Subscriptions
As part of our series of tips for boosting growth, this video looks at one possible idea to consider as part of your growth strategy....
The video clip covers the idea of diversifying into offering support services which could be subscription-based....
This could provide a new revenue stream for your business....
This short video explains the idea and how it can create a revenue stream:...
If you are a growing UK company that needs financial support to grow, FundInvoice can help. Please get in touch with us on 03330 113622 for a discussion without obligation....
http://www.fundinvoice.co.uk/blog/growth/post/video-growth-by-diversifying-into-support-services-and-subscriptions.html - Video About The Growth Strategies Your Business Could Follow
A short video that sets out the various overarching growth strategies that a business could follow....
At the highest level, there are very few paths that you can pursue - you might select one of a combination of these growth strategies....
Here is an explanation of the strategies for growth that you could adopt:...
We will be releasing more growth tips and ideas in a series of videos, subscribe to the FundInvoice YouTube channel for the latest material....
If you need help financing your growth:...
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For more ideas about how to grow your business and follow your chosen strategic path please see our free Growth Guide....
http://www.fundinvoice.co.uk/blog/growth/post/video-growth-strategies.html - Why Use Factoring To Fund Business Growth
One would imagine that the goal of any business is to achieve growth, although, in the current environment of uncertainty over the economic impact of Brexit, it is clear that many businesses are...
However, thankfully for the UK economy, there continue to be a good number of businesses that are pursuing a growth strategy, regardless of the uncertainties that are paralysing others....
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The challenge that many high-growth businesses face, is how to fund that business expansion. For a manufacturer, that could be funding the purchase of raw materials, or staff. For services business...
The issue with turnover growth, or even one-off large orders, is that they often require more funding than the business is geared up for. Companies have a certain amount of working capital facilities...
One of the options which can allow businesses to step outside of that restricted cycle of funding is invoice factoring. A factoring facility does not work in the same way as a traditional overdraft...
See our related blog post about Scale Up Financing....
For example, if a manufacturer secures a large order, the cost of those raw materials, and additional staff, can put pressure on the working capital of the business. If they are funded through a...
Existing sales invoices are made liquid by prepayments against unpaid sales invoices, which releases the majority of the value of the sales invoices into the company's cash flow immediately....
There do not tend to be restrictions placed on what the money raised can be used for, so it can be used for purchasing additional stock or investing in expansion plans for your business. The use of...
In addition to the prepayments, the credit control outsourcing service (that forms part of a factoring arrangement) means that you do not need to undertake this yourself or employ credit control...
http://www.fundinvoice.co.uk/blog/growth/post/why-use-factoring-to-fund-business-growth.html - Bridging Loans For A Limited Company In The UK
UK-based limited companies often face unique financial challenges when they need to act quickly to capitalise on opportunities....
Whether it's seizing a lucrative investment opportunity, undergoing a significant expansion, or managing cash flow during transitional periods, the need for quick and flexible funding solutions...
The use of bridging loans has emerged as a vital tool for businesses to navigate these challenges effectively....
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Bridging loans are short-term financing options designed to bridge a gap in funding. They are particularly useful for businesses that require immediate capital before securing long-term financing or...
Unlike traditional business loans, bridging loans offer rapid access to funds, often within days. This feature makes them an excellent option for limited companies that need to act quickly in the...
For limited companies, maintaining steady cash flow is essential. There are instances where you might encounter unexpected expenses or delays in receivables. In such cases, a bridging loan can...
There may be other options to consider as alternatives to a bridging loan if cash flow is the issue. These include:...
Property transactions are common areas where limited companies leverage bridging loans. Whether it's buying new premises, investing in property development, or participating in property...
Growth opportunities often require substantial investment. Bridging loans can help finance new projects, expansions, or acquisitions, allowing businesses to capitalise on opportunities without...
Before applying, it’s important to understand your funding needs clearly. Consider the amount you need, the purpose of the loan, and your repayment strategy. This clarity will help in selecting...
Having your financial projections to hand is crucial as they will allow you to understand how you expect your cash flow to move....
The UK market offers a range of bridging loan providers, from traditional banks to specialist lenders. It's crucial to research and compare different lenders, considering factors like interest...
Using a specialist finance broker can help you access the best deals that are available to your business....
The application process typically involves providing detailed information about your company, the purpose of the loan, and the security offered. Lenders will assess your application based on your...
If there are issues with your financial position, don't panic. Funding may still be possible even if you already have an adverse credit history....
It’s advisable to seek legal and financial advice (from a solicitor and accountant) before finalising a bridging loan. Understanding the terms, obligations, and risks associated with the loan...
Summarising the above section, bridging loans offer a powerful financial solution for limited companies in the UK facing short-term funding gaps or seeking quick capital for investment opportunities....
In the previous section, we explored the fundamentals of bridging loans for limited companies in the UK, highlighting their versatility and rapid accessibility. Next, we will delve deeper into...
One of the most common uses of bridging loans in the corporate sector is in property development. Limited companies often find themselves in a position where they need to act quickly to secure a...
Property auctions present unique opportunities for businesses, but they also require immediate payment upon winning a bid. Bridging loans can offer a practical solution, providing the liquidity...
In international trade, there can be significant gaps between ordering goods and receiving payment from customers. Bridging loans can be instrumental in smoothing out these cash flow inconsistencies,...
As an alternative, import financing also called trade finance may also allow you to bridge the gap between your supplier shipping goods and you having to pay them....
Consider a tech startup poised for rapid expansion but lacking sufficient working capital. A bridging loan could enable them to lease a larger office space and hire additional staff, catalysing their...
A property developer could face delays in accessing traditional funding for a residential development project. By securing a bridging loan, they would be able to continue construction without delay,...
These are some important tips to consider when searching for a bridging loan:...
Before applying for a bridging loan, conduct thorough market research to ensure that the intended use of funds is viable and profitable - a broker can help you with this. This preparation not only...
It’s crucial to have a clear exit strategy for repaying the bridging loan. Whether it's through the sale of assets, long-term financing, or business revenue, having a solid repayment plan...
Engaging with legal and financial advisors can provide valuable insights into the intricacies of bridging loans. Their expertise can help navigate the complexities of loan agreements, ensuring that...
Consider the assets you’re using as collateral carefully. While bridging loans are often secured loans, it’s important to balance the need for funds against the risk of losing valuable...
Keep a close eye on market conditions, as they can impact both your business plans and the cost of the loan. Economic changes can affect interest rates, property values, and the overall feasibility...
Bridging loans, when used strategically, can offer substantial benefits to limited companies in the UK. By understanding their diverse applications, learning from real-world success stories, and...
Having explored the strategic value and real-world applications of bridging loans for limited companies in the UK, it's now crucial to discuss the best practices for managing these loans and...
Conduct regular reviews of your company’s financial health. This practice is vital for ensuring that your business remains in a strong position to repay the bridging loan on time. Regular...
Ensure that the loan is used as intended. Mismanagement or diversion of funds can lead to financial challenges, making it difficult to meet repayment obligations. A disciplined approach to fund...
Keep abreast of changes in interest rates. Bridging loans often come with variable rates, and fluctuations can affect your repayment amounts. Staying informed allows you to plan and budget...
Maintain open communication with your lender. Keeping them informed about your business’s progress and any potential issues can lead to more supportive relationships and possibly more...
If possible, prepare for early repayment to save on interest costs. Some bridging loans come with no early repayment charges, allowing you to clear the debt as soon as your finances permit....
Avoid overleveraging your business. Borrowing more than you can comfortably repay can lead to financial strain and risk to your assets used as collateral....
Failing to have a clear exit strategy is a major pitfall. Ensure that your plan for loan repayment is realistic and achievable within the loan term....
Be mindful of additional costs, such as arrangement fees, legal fees, and potential penalties. These can add up and affect the overall cost of the loan....
Avoid basing decisions on speculative market conditions. Economic downturns, changes in property values, or shifts in market demand can impact your ability to repay the loan....
Q1: Can a new limited company with no trading history obtain a bridging loan?A1: Yes, new companies can obtain bridging loans. Lenders typically focus on the value of the security, also called...
Q2: Are there restrictions on what the loan can be used for?A2: Generally, there are no strict restrictions on the use of bridging loans, but lenders prefer clear, viable purposes like property...
Q3: How does bad credit affect eligibility for a bridging loan?A3: While credit history is considered, it's not always a decisive factor. Lenders primarily assess the value of the collateral and...
Q4: Can a bridging loan be paid off before the term ends?A4: Yes, many bridging loans can be repaid early, often without penalty. It's important to check the specific terms with your lender....
Q5: Are bridging loans more expensive than traditional loans?A5: Bridging loans generally have higher interest rates due to their short-term nature and the speed of funding. However, the overall cost...
A bridging loan is a short-term finance option used to 'bridge' a gap in funding. It is often used for property transactions, business investments, or covering urgent financial needs until...
Bridging loans can be a good idea if you need quick, short-term funding and have a clear repayment strategy, typically through the sale of an asset or securing long-term financing....
Bridging loans provide immediate funding with a short repayment period. They are usually secured against property and are designed to be repaid once the borrower secures longer-term finance or sells...
Common uses include property purchases, especially at auctions, funding property development, covering short-term cash flow issues, and facilitating business expansions or investments....
Pros: Quick access to funds, flexibility in use, and shorter processing times. Cons: Higher interest rates compared to traditional loans, require security (collateral) and can be risky if the exit...
They typically have higher interest rates than traditional loans due to their short-term nature and the speed of funding....
They are relatively safe if you have a solid exit strategy and sufficient security. However, the risk can be higher if the market fluctuates or the repayment plan fails....
They can be easier to obtain than traditional loans, especially if you have valuable security, but the criteria vary between lenders. A broker can help you with this....
Many bridging loans are interest-only, meaning you only pay the interest monthly and repay the principal at the end of the term....
They can be high risk if there's no clear exit strategy or if the value of the underlying security falls....
Yes, bridging loans are still widely available and commonly used in the UK....
Some banks offer bridging loans, but they are also provided by specialist lenders and financial institutions. Criteria will vary between lenders so you should consider the market as a whole....
Typically, from a few months up to a year, depending on the lender and the circumstances....
They are usually repaid in a lump sum at the end of the term, often from the proceeds of selling an asset or securing long-term financing....
This depends on the value of your security and your financial circumstances. Loan amounts can vary widely....
Interest is typically calculated monthly and can be either fixed or variable, depending on the loan terms. The rate will include a margin charged by the lender....
Interest rates vary but are generally higher than for traditional long-term loans due to their short-term nature and the risk involved. The rates will change frequently so you should ask for a...
Some major banks and many specialist financial institutions offer bridging loans. It's best to shop around for the best rates and terms. Speak to a specialist brokerage to find suitable lenders...
Bridge loans (another phrase for these same products) are offered by banks, specialist lenders, and some private finance companies....
These are specific loans used to fund the development of properties, often repaid by selling the developed property or through refinancing....
Similar to property development loans, these are used to finance the purchase of land, with repayment typically coming from the sale or development of the land....
A few alternatives include traditional business loans, receivables financing, business overdrafts, and investments or partnerships. Once again, speak to a broker for a more comprehensive list of...
Bridging loans offer a flexible and rapid financing option for limited companies in the UK, but they require careful management and a strategic approach. By adhering to best practices and being aware...
To discuss your particular requirements please contact our team of specialists on 03330 113622 for support regarding bridging loans....
http://www.fundinvoice.co.uk/blog/guidance/post/bridging-loans-for-limited-company-uk.html - Cash Flow Guide To Increase Liquidity And Working Capital
Welcome to our Cash Flow Guide, which will increase liquidity and working capital for your business. Below, this guide will take you through step-by-step how business cash flow works and how to...
Let's start with a definition of "cash flow"....
"Cash flow is the net balance of cash moving into and out of a business at a given time"....
Therefore, you can think of it as the way that money moves through a business. Payments are received from debtors, and those are used to pay suppliers. At any given point, you can quantify the amount...
This is a measure of how liquid the business is, i.e., how easily it can pay its bills when they fall due. Good liquidity means that a business can easily meet its obligations. Poor liquidity means...
Liquidity is not just about how much money a company has. It can also take account of other assets that can be quickly converted to cash, e.g., debtor accounts or stock (that could be sold). There...
The term "money flow" is commonly used interchangeably with the term "cash flow". Whilst money flow is a term more commonly used in connection with trading, it can be used to describe the movement of...
In practice, money is constantly moving through most businesses. Creditors are being paid and customers are paying the business. Other factors may affect the amount of money in the company's...
Any summary of a company's cash position will be drawn at a particular point in time. The factors affecting that position may change immediately after the time of the snapshot. A commonly...
Cash flow is different from profitability. Profit is the margin over costs that products or services are sold at. Cash flow (CF) is about the timing between paying those costs and receiving the...
Having more money going out than coming in is called "negative cash flow". Positive cash flow is the opposite when inflow outstrips outflow....
See this related article about how to work out how much additional finance your company needs....
Some companies produce a cash flow statement as part of their financial accounts. This documents the inflows and outflows of cash over the period of the statement. This may give you an idea of where...
As part of the process of review, you might want to produce a cash flow improvement plan to set out how you will boost the working capital position of your business. Please see our free cash flow...
A business is said to be "overtrading" if it is taking on orders that outstrip its available cash flow. This can be due to a single large order that cannot be funded, or a series of orders. Companies...
There are aspects on either side of the equation that can affect the CF of a business....
The first step in how to improve cash flow is to produce a cash flow forecast that shows how you expect your position to move over the coming weeks or months. This will identify any shortfall, so you...
How to increase cash flow is addressed in this article, at a high level, there are only 3 ways to increase cash flow:...
Each aspect is covered in this cash flow guide, see below for ideas on how to increase cash flow....
In our article How To Get Extra Cash Flow, we set out the impact that different forms of financing can have on your working capital and cash position. The article compares the impacts that these can...
See also our Guide To Finding Finance For A Struggling Business....
If you are experiencing these types of problems, there are likely to be options available to help you improve cash flow in addition to this guide to cashflow. For a confidential discussion without...
http://www.fundinvoice.co.uk/blog/guidance/post/cash-flow-guide.html - Construction Finance Guide And Information
This is our construction finance guide that will give you access to all the information that you need to know about the use of this type of financial service for businesses....
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The rest of this guide to construction finance will take you through how the product works, the benefits, the criteria to qualify, funding levels and pricing....
Construction finance is funding specifically for businesses that operate within the construction and building sector. The sector can be difficult for traditional invoice finance companies to finance...
They are able to offer prepayments against both invoices and applications for payment. According to our research, approximately 75% of companies in the sector raise applications for payment instead...
This guide is to help businesses that are considering using this type of facility or are already using a service. It will explain how the product works, what the costs are, the benefits and things to...
This is our own definition:...
"Construction finance is the provision of prepayments against applications for payment, or invoices, raised to debtors that operate within the construction sector"....
Providing finance against payment applications is what separates this service from normal receivables funding....
The service fits into a family of financial products called receivables financing, or invoice finance (although this name does not include payment applications). Those umbrella terms describe all the...
See our 30-second video explanation of this service, below:...
These services are provided by "construction financing companies", of which there are relatively few in the UK....
There are different types of providers. Some are bank-owned, others are independent. Even the independents range in size from larger firms down to small companies that have few employees. Also, there...
The type of partner that you choose will tend to be driven by the nature of your situation and what you need. Product operation and service levels will vary between providers, as will the level of...
These are the benefits of using such a service, they will vary slightly depending upon the product variant that you choose to use:...
The qualification criteria are specific to each particular funder. There is a great deal more information about how it works and what the criteria are here: Construction Finance....
In very simple terms this is how factoring works:...
See this article: 5 Tips To Get Funded. It explains how you can maximize your chances of being approved for business finance....
The pricing varies depending on the type of product used and the pricing policy of the provider that you choose....
This is an example of the pricing but more general information about how prices are structured is here: pricing structure....
The amount of funding provided varies again according to the product, the provider and their opinion of the level of risk that your account presents. Typically 70% is the normal headline rate and...
The actual level of funds advanced may be subject to additional deductions such as debtor credit limits, prime debtor restrictions and disapprovals due to ageing, to name but a few. When choosing a...
There may be a point at which either you, or your provider decide that you want to terminate the facility, this can be for a variety of reasons, and may or may not be subject to a period of notice -...
Sometimes customers switch between providers, on average this happens once in the life of a client. This may be to achieve a cost-saving, raise more money or change between product variations. There...
UK Finance is the trade body responsible for many of the providers within this market. However, not all providers are members. Those that are subject to a code of conduct that is backed up by an...
If you have an issue with your provider, we have extensive guidance on our website about how to deal with complaints about invoice finance....
If you need more help please call Sean on 03330 113622 but we hope you have found what you need in our free construction finance guide....
http://www.fundinvoice.co.uk/blog/guidance/post/construction-finance-guide.html - Do You Need An Invoice Finance Sales Visit
Times have changed, when I worked for the invoice financing arm of Barclays, our sales people always visited new prospective clients, and these visits were the conduit to acquiring new business....
The titles of the sales team vary between organisations, for example, "Business Development Manager", "Business Development Director" and "Sales Manager/Director" are often used interchangeably - but...
Now there are some invoice finance companies that do not always insist upon a salesperson visiting the prospects. This can have positive and negative consequences....
One of the key reasons cited for not visiting prospects is the additional speed of delivery which can be achieved. The idea is that the salesperson gathers all the information they need over the...
A phone based service also gets over the geographic constraints of visiting prospects all over the UK. Many providers have satellite offices around the country, but some of the smaller providers...
Convenience for a busy client is another factor that should not be overlooked. Booking meetings can be difficult, so the phone can be a quicker, more efficient option....
The downside to not having a sales visit is the greater difficulty of building a relationship with a prospect, over the phone rather than in person. When much of our communication is non-verbal, this...
As with so many things in our industry sector, different parties take a different approach. Perhaps having the ability to make some visits, whilst not having to visit every customer, could be a...
Even within the invoice finance broker market, there are some brokers that still insist upon a personal visit. Again this may be used to in "add value" and build the relationship, but it can also...
Whether or not the salesperson visits should perhaps be driven by the needs of the client, rather than organisational efficiencies. Both options are available, so the choice is in the hands of our...
http://www.fundinvoice.co.uk/blog/guidance/post/do-you-need-an-invoice-finance-sales-visit.html - Factoring Can Improve Profitability
Most people may assume that invoice factoring will come at a cost, and hence will reduce your profitability, however the opposite may be true....
Using factoring may actually increase your profits and business' profitability. I noticed an interesting post the other day, suggesting that factoring can actually help your company become...
This is something that many businesses are unaware of, there are a number of different ways that factoring can actually help you to increase your profitability, rather than reducing them....
As part of a factoring facility, you receive an outsourced credit control service. The quality of this service will vary greatly between providers but assuming that you Pick a quality provider, using...
Factoring can deliver a variety of cash flow benefits. We often find that a factoring company is able to achieve a better debt term than a client business can achieve themselves. This is due to the...
The fact that you receive invoice prepayments, typically 85 to 95% of your invoice values, means that you will have a far greater amount of cash available to your business. You can use this cash to...
We have put together a factoring benefits calculator that can demonstrate the possible cost savings, and in some cases deliver factoring that is cost neutral or even a boost to profitability....
http://www.fundinvoice.co.uk/blog/guidance/post/factoring-can-improve-profitability.html - Factoring Guide
This is our free factoring guide that will give you access to all the information that you could want to know about the use of this type of financial service for businesses....
Our factoring guide is to help businesses that are considering using a service or are already using a service. It will explain how the various product variations work, what the costs are, the...
There are definitions of invoice factoring online, but many of them have their limitations. Also, in the UK, we tend to define factoring slightly differently than in some other countries. This is our...
"Factoring is a financial service for businesses that provides both prepayments against unpaid sales invoices raised to other businesses, and a credit control service."...
In simple terms, factoring means that a business can receive a "prepayment" against its unpaid sales invoices (typically between 70% and 100% of the invoice value) so that they don't have to...
If the business has an entire sales ledger of outstanding credit invoices raised to other businesses, a large tranche of cash can be released in one go when the prepayments against each invoice are...
As new invoices are raised, new prepayments are released. Hence, if the turnover of a business increases, so does the amount of funding it can access. This is why these facilities are very popular...
The service fits into a family of financial products called receivables financing or invoice finance. Those umbrella terms describe all the services that provide prepayments against invoices. The...
You should be aware that just to confuse matters, some people use these different product terms interchangeably, which does not help you if you are trying to understand what the service you are being...
See our 30-second video explanation of factoring below:...
These services are provided by "invoice factoring companies", also known as "factors", of which there are over 100 in the UK. Some are specialists handling particular types of products or industry...
There is a broad range of different types of providers. Some are bank-owned; others are independent. Even the independents range in size from FTSE 250 groups down to small companies that have few...
We have undertaken extensive service quality comparison research between different providers. We have found that average service quality ratings (given by existing clients) have ranged from 4 out of...
The type of partner that you choose will tend to be driven by the nature of your situation and what you need. Service levels will vary between providers, as will the level of funding and even the...
Are you looking to understand how do factoring companies work? Take a look at this article, which explains both how the sales process works and how their operational processes function: How Does...
These are the benefits of using such a service, they will vary slightly depending upon the product variant that you choose to use:...
See our full discussion of the pros and cons of factoring here....
There are lots of product variations available, they are explained in detail in our article: Types Of Factoring....
They include:...
Related content: See our article about Invoice Factoring For Small Business Users....
The qualification criteria for factoring can be very broad. Providing you are a company raising invoices to other businesses on credit terms, you are likely to be able to find a facility....
Even if you are in financial distress, because of the nature of this type of funding, you are likely to be able to be assisted even if you are experiencing trouble with creditor pressure or...
The criteria will also vary between different providers. Some will take a more cautious view than others, not all will handle startups or companies that are in distress. However, there are various...
In very simple terms, this is how factoring works:...
There is more detail here about: How Factoring Works....
The pricing varies depending on the type of product used and the pricing policy of the provider that you choose....
We have undertaken pricing comparison research for products such as recourse factoring, and we have identified wide ranges in pricing quoted to the same company. For example, in a mystery shopper...
The way the charges are structured is explained in this article: pricing. It also has examples of indicative pricing for various sizes of business....
In broad terms, the pricing is likely to be as follows:...
Even if you look at those parameters and think you need a better rate, it may still be possible to achieve that as the providers will often pull out all the stops to quote for a deal that they want...
The amount of funding provided varies again according to the product, the provider and their opinion of the level of risk that your account presents. Typically, 85% is a normal headline rate for core...
In sectors such as construction, 70% is a more typical funding percentage....
The actual level of funds advanced may be subject to additional deductions such as debtor credit limits, prime debtor restrictions and disapprovals due to ageing, to name but a few. When choosing a...
This will give you a rough idea of the amount of working capital that you might be able to raise: Factoring Cash Calculator....
There may be a point at which either you or your provider decide that you want to terminate the facility. This can be for a variety of reasons and may or may not be subject to a period of notice,...
Sometimes, customers switch between providers; on average, this happens once in the life of a client. This may be to achieve a cost-saving, raise more money or change between product variations....
UK Finance is the trade body responsible for many of the providers within this market. However, not all providers are members. Those that are subject to a code of conduct that is backed up by an...
If you have an issue with your provider, we have extensive guidance on our website about how to deal with complaints about invoice finance....
If you need more help, please call Sean on 03330 113622, but we hope you have found what you need in our free factoring guide....
http://www.fundinvoice.co.uk/blog/guidance/post/factoring-guide.html - Guide To Moving Invoice Finance Companies
Moving invoice finance companies is something that clients can be very cautious about, often because they anticipate a lot of hassle and paperwork. That does not necessarily need to be the case,...
We have also put together this free guide to moving between invoice finance companies that may help....
REQUEST A CALL BACK...
The first aspect to tackle is the actual finding, and comparison, of different facilities and offers from alternative providers. You can read our guide to invoice financing, which explains the...
We can help you get alternative quotes, from different providers. We can also explain how these compare with what you already have, and we have done a lot of research about the different invoice...
You should see our guidance articles below, about how to compare providers, and offer letters and avoid some of the pitfalls:...
Once you have an offer agreed upon with a new provider, the next steps are about how to make the move between providers, in a manner that presents the least amount of hassle. If you don't have...
http://www.fundinvoice.co.uk/blog/guidance/post/guide-to-moving-invoice-finance-companies.html - How To Choose The Right Invoice Finance Company
Customers often ask us how to choose the right invoice finance company for their company. We are frequently asked this question, so I thought it might be helpful to put down in a post my top tips for...
Firstly, you need to recognise that there is no single best provider that will be the ideal choice for everyone. There are big differences between funders and the products that they offer. It is not...
These are a few tips when picking a factoring or invoice discounting provider....
The most obvious way to choose between providers is by price, and we have conducted a lot of finance pricing research. However, as a sole method of selection, this has a lot of drawbacks. Firstly, it...
See our related article: Finding The Cheapest Invoice Finance Options....
Secondly, comparing rates needs more than a cursory glance at the headline percentages. Often, different providers will package their pricing within their offer letters in different ways. A provider...
We have also seen examples of minimum fees being set at levels that are sure to bite. This means that even though the service charge percentage appears low, based on the client's projected...
Not all funders provide the same amount of funding. Some will be more or less liberal. This can be more complex than just looking at the headline prepayment percentage. Other factors may come into...
What you get from the product you select can be very important. There may be an additional charge for a function such as bad debt protection. However, this could be more important than just getting...
The service provided will not be the same at all invoice financing companies. In some cases, a service such as credit control will be fully comprehensive. In others, it will be more of a risk control...
There are also other factors to consider. For example, you may want to choose a provider that is a member of an industry body such as UK Finance. This can mean that they subscribe to a code of...
Hopefully, the points above will demonstrate that there is more to think about than just the pricing when selecting the correct receivables financing company. If you secure the services of a good...
http://www.fundinvoice.co.uk/blog/guidance/post/how-to-choose-the-right-invoice-finance-company.html - How To Manage Payables
Explaining how to manage payables needs to start with a definition of what "payables" are. For the purpose of this article, we have referred to this subject in the context of running a business....
Payables are amounts that are payable by your business to other parties. These are liabilities that your business owes to other parties. They could include amounts that you owe to suppliers (trade...
The key difference between receivables and payables is that receivables, amounts receivable, are owed to your business by your customers. Conversely, payables, or accounts payable are the amounts...
Turning to the question of how to manage your payables, it is essential for any business to meet the payment of its creditors in a timely fashion. A business that can't meet this test is...
Anyway, good creditor management requires a number of aspects to be addressed....
You might also want to see this article about the subject of Payables Management....
Firstly, the business needs to have a good system in place in order to ensure that it understands when its liabilities are going to fall due, and the amount that needs to be paid. Also, it will need...
This usually requires some form of accounting system to manage these liabilities. Typically, a company will have some form of electronic accounting package that will handle this function. Indeed,...
Secondly, the business needs to have sufficient cash flow in order to be able to pay its creditors as and when necessary. Maintaining enough cash requires that the business is receiving sufficient...
If this is not the case, and the company is short of money, there are options such as accessing additional borrowing. That may be helpful in meeting liabilities. This could be in the form of an...
Alternatively, there are various forms of receivables financing that allow a business to release the money that's tied up in amounts that are owed to them by their debtors. This is commonly...
See how much you could raise using invoice finance or factoring....
In summary, in order to efficiently manage its payables, a business needs both an effective system to track the amounts payable and it needs sufficient cash on hand in order to meet its liabilities...
Further information may be obtained by reading our cash flow guide noted above, and we have also produced an extensive guide to managing your receivables....
http://www.fundinvoice.co.uk/blog/guidance/post/how-to-manage-payables.html - How To Prepare Your Company For A Recession
Recession is something that is feared by most businesses. However, there are some steps that UK companies can take to be better prepared for any economic downturn....
This is our list of steps a UK business could take to prepare for a recession....
Consider each of the following steps to better position your company in the event of an economic downturn....
Having cash on hand is a great buffer against any recessionary pressures. You may be able to start putting aside money or perhaps you might be able to delay major expenditures....
You should review your cash flow forecasts to see what you can put aside. If you don't have the cash flow to be able to set aside any reserves, you might consider the benefits of taking out some...
An obvious step is to make your organisation as lean as possible. Review your regular expenditure and look at where you can save on your costs. You might have unnecessary or unproductive outgoings...
This article has some useful tips on business cost-cutting....
Part of your effort to review your cost base could be a review of your staffing levels. You may have staff that are surplus to requirements or positions coming vacant that don't need to be...
Seek ways to lock in your income. Perhaps you have clients that purchase on an ad-hoc basis? Could you lock in that trade with a small incentive for a regular purchase commitment? You may also have...
Marketing is an area that is often the first to be cut when times get hard. This can be counter-productive as good marketing can lead to new business and hence new revenue. It could be a good time to...
Your cash flow projections should be able to tell you how much of a margin you have between your cash requirements and the cash on hand. If you are anticipating things to be tight or even negative,...
As a downturn unfolds, things can get tough for businesses. There are plenty of UK businesses that are on the brink of failure and a recession could trigger their demise. If you have sold goods and...
There are various options available to mitigate this risk. A trade credit insurance policy can provide protection or if you already use receivables financing, there are bad debt protection options,...
Please note that the above points are our thoughts on this subject and are provided for information only. This is not intended as a comprehensive list or any kind of advice....
http://www.fundinvoice.co.uk/blog/guidance/post/how-to-prepare-your-company-for-a-recession.html - How To Write A Business Continuity Plan
Many businesses have recently tested their business continuity plan in the wake of the pandemic, and many others have had to create one "on the hop". I thought it might be helpful to put together a...
This can also be called a contingency plan or disaster recovery plan....
A business continuity plan (BCP) is a defined plan stating how you intend to get your business up and running again, in the event of a disaster. This could include planning for events such as:...
The disaster recovery plan (DRP), although sometimes used synonymously with BCP, is usually used to refer to the systems-based sub-element of the DRP. It addresses IT systems, telecoms and other...
The plan needs to be a living document, it needs to be updated regularly and it needs to be understood by your staff. Otherwise, it is likely to become outdated and may fail you when the moment...
It also needs to be tested, before a disaster, to confirm that it works in practice....
In broad terms, your plan should cover your:...
IBM have some useful help on their site about creating your business continuity plan, including their 8-tier model....
Wikipedia also has a lot of information on the: Wikipedia page about BCP....
http://www.fundinvoice.co.uk/blog/guidance/post/how-to-write-a-business-continuity-plan.html - How To Write A Cashflow Improvement Plan
If you are seeking successful business growth, maintaining a healthy cash flow is paramount to the success and growth of any company. Cash flow is the ease with which money flows through the...
If a company is feeling cash pressure each month, it may be time to create a plan to improve the cash flow of the business. This article sets out how to go about that....
For more detailed ideas about the steps to improve the flow of cash through your business please see our free: ...
CASH FLOW GUIDE...
A well-executed cashflow improvement plan can help businesses navigate through challenging times, seize growth opportunities, and ensure long-term stability. In this article, we will discuss...
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A well-crafted cash flow improvement plan is vital for the financial stability and growth of your business. By understanding your current cash flow situation, forecasting future cash flows,...
Receivables finance, such as invoice factoring and invoice discounting, offers businesses a powerful tool to bridge cash flow gaps and access immediate funds. It provides liquidity, reduces the risk...
Creating and implementing a cash flow improvement plan requires diligence, ongoing monitoring, and flexibility to adapt to changing circumstances. Regularly review and update your plan as your...
http://www.fundinvoice.co.uk/blog/guidance/post/how-to-write-a-cashflow-improvement-plan.html - Invoice Finance Or Factoring With No Minimum Criteria
Historically, there were minimum size criteria applied to businesses that were seeking invoice finance or factoring. Different providers would set the minimum size criterion at different levels but...
This practice is no longer the norm in all cases, with the emergence of selective invoice finance. A selective facility works in such a way that it allows the customer to choose invoices they wish to...
This means that there really are no minimum criteria anymore, for the size of turnover or number of invoices to be discounted. Most selective invoice finance providers operate in a way that allows...
This means that even when we receive enquiries from small companies, turning over minimal volumes, even new start-ups, we are confident that we will find them some form of funding....
Minimum monthly fees are still used by many of the whole turnover invoice finance companies. However, our research has shown that there are dramatic differences between the approach taken and the...
http://www.fundinvoice.co.uk/blog/guidance/post/invoice-finance-factoring-with-no-minimum-criteria.html - Invoice Finance For Security Companies
Security companies that are providing manned guarding services often have significant payroll obligations to meet in order to pay their staff, in many cases before being paid for the jobs that their...
The gap between having to pay staff and getting paid by customers can be bridged using invoice finance, which releases a large proportion of the cash that is tied up in your unpaid sales invoices,...
REQUEST A FUNDING QUOTE...
In addition to invoice finance for security companies, there are also payroll management services that can help you by running your payroll for you and taking on all the paperwork that is involved....
A broad range of different security services, provided they are billed to business customers, in arrears, on credit terms, can be funded using invoice finance. Threats such as increased fear of...
Even if your particular services or products don't appear on the list, they may still be able to be funded, if they meet the basic criteria detailed above. ...
The funding released can be used for almost any purpose. The uses of the funding that you receive could include:...
If you have an invoice finance facility in place, you are unlikely to need to turn down a large security guarding contract. As your volume of invoicing grows, so does the amount of cash that your...
http://www.fundinvoice.co.uk/blog/guidance/post/invoice-finance-for-security-companies.html - Invoice Finance Termination Guide
Termination is the process by which either an invoice finance company or their client terminates the receivables finance facility that exists between them. The circumstances under which termination...
This invoice finance termination guide is intended to help companies that have been given notice of termination by their funder, or those that want to terminate their factoring or invoice discounting...
Termination of a receivables financing arrangement is normally governed by the terms of the contract/agreement that the parties have entered into. Usually, termination can either be:...
In the case of your provider giving you notice, this could be for several reasons including:...
If your facility is terminated by your provider, you may need to quickly find an alternative funder. Not all funders take the same approach to risk, pricing and service delivery, so there may be...
See our guidance if your provider withdraws from the invoice finance market or stops supporting the product you are using....
This case study demonstrates how this threat can be turned into an opportunity to save money: How We Saved Thousands When A Client Was Asked To Leave....
Alternatively, the situation may be that you want to terminate your facility. Please see our guide: How To Terminate Your Invoice Finance Facility....
In either case is likely that you will have to give a period of notice, so you should refer to your agreement and seek legal advice if required....
We are able to help you find alternative sources of finance, please call Sean on 03330 113622 for support....
http://www.fundinvoice.co.uk/blog/guidance/post/invoice-finance-termination-guide.html - Leveraging Invoice Financing for Smart Company Acquisitions A Guide for First Time Buyers
Navigating the complex arena of company acquisitions can be daunting for first-time buyers or those who have some prior experience. Understanding the financial nuances, particularly leveraging...
This guide provides a roadmap for beginners, highlighting key strategies to efficiently secure funding and execute a smart acquisition....
REQUEST A CONFIDENTIAL DISCUSSION...
Beginners are advised to start with smaller acquisitions. Convincing lenders to provide £250k of funding is more feasible than a £10M line, especially when you don't have a track...
This "start small" approach allows you to build credibility and experience in the financial world using a smart method of financing a company purchase....
Diving into an unfamiliar industry can be risky. If your background is in recruitment, for instance, acquiring a printing business might pose unforeseen challenges due to different operational models...
Staying within your area of expertise ensures a smoother transition and better management post-acquisition. This is also going to be a more attractive proposition for prospective funders....
Even if your previous business failed, you may be able to buy it back using specialist pre-pack finance....
Invoice financing emerges as a powerful tool in acquisition financing. By leveraging the unpaid invoices of the target company, you can raise substantial funds without heavy reliance on external...
Read this testimonial from a client we helped raise finance to buy another business....
This second case study details a customer whom we helped purchase multiple businesses....
Understanding the seller's expectations regarding payment schedules is crucial. Negotiate terms that balance immediate payments with deferred ones, providing financial flexibility while ensuring...
Seller's plans significantly impact customer loyalty. If the seller is retiring, securing their involvement for 6-12 months post-acquisition can stabilise the customer base. Incorporating...
For first-time buyers, financing company acquisitions through invoice financing offers a viable pathway. It's a strategy that combines immediate liquidity with minimal risk, aligning with your...
http://www.fundinvoice.co.uk/blog/guidance/post/leveraging-invoice-financing-for-acquisitions.html - A List Of All The Methods Of Funding A Business
If you are starting a business, or you need more capital to expand an existing business, you may be interested in understanding the full list of all the funding options that are available to you....
FIND OUT ABOUT THE OPTIONS WE CAN HELP WITH...
There will be many products that fit under each of these categories, however, I believe the list is comprehensive at a high level and covers all the possible options available to UK companies....
At the highest level, there are 5 funding sources:...
Below I have continued to segment the various funding options....
Equity funding is where you give some ownership away to a party that provides you with capital, you may also need to concede some element of control over your business e.g. a board seat, in some...
There are two broad sources of equity funding:...
Even if you get the funding at 0% interest (interest-free), it's still considered "debt funding" as you have to repay the capital sum. Normally, however, you will also have to pay a margin rate...
These are the sources of debt funding available within the UK:...
See also further information about Alternative Business Finance....
http://www.fundinvoice.co.uk/blog/guidance/post/list-of-all-the-methods-of-funding-a-business.html - Producing A Business Plan To Support Your Finance Application
We were just talking about the number of new applications for business finance that we are seeing but commented how suprising it is, the number of companies that apply for facilities of £250K+...
We regularly see applications without a business plan, financial projections or forecasts being provided to the finance company that the prospect are expecting to provide facilities....
A professional business plan seems essential for any company, whether it is a new start or an existing business looking to grow. All businesses should produce some form of business plan in order to...
This is particularly poignant when a company are approaching external lenders, expecting them to provide significant levels of funds. In my previous article about how to make a successful factoring...
There is online help on the Government's site about: Producing A Business Plan and there are numerous business consultants that are able to provide support regarding the production of a business...
The business plan gives you an opportunity to set out how you going to achieve the level of turnover that you are projecting, and how you are going to attract the volume of potential customers that...
It will also give the lender some understanding of the costs associated with your business, and the margins of return that you are likely to achieve. The business plan is your opportunity to show...
Of course having a business plan is no guarantee of success, but it adds credibility to your application, and builds professional trust with any potential lender....
Some of the figures within your plan, such as your projected turnover, will be key to the pricing that a funder will offer. Therefore, at least basic financial forecasts and projections showing the...
So, it is a good idea to develop some form of business plan for your company that can be provide to prospective funders, in order to show them exactly what your business is about. See it as an...
http://www.fundinvoice.co.uk/blog/guidance/post/produce-a-business-plan-to-support-your-finance-application.html - Purchase Of Receivables
Purchase of receivables is a term that can sometimes be used to refer to receivables finance. Strictly speaking "purchase of receivables" just means buying a party's book debts (which are its...
Unpaid sales invoices are debts owed by your customers (also called debtors) which are sometimes called "receivables". However, when the term "purchase of receivables" is used, it almost certainly...
A discounter provides prepayments against outstanding invoices, this prepayment is for a large proportion of their value e.g. 85-95% of the total value. So you effectively get a cash advance against...
The discounter will normally take an "assignment" of your invoice so that they can take ownership of the debt. They may also take a legal charge over the book debts of your company (a charge is a...
However, not all facilities work in this way. In some cases, the discounter will purchase your invoices outright at 100% of their value, less the discounter's fees. This is what really should be...
This approach of funding 100% of the value of receivables is common in some sectors, such as car crash repairs where garages often bill insurance companies in respect of car crash repairs, which are...
http://www.fundinvoice.co.uk/blog/guidance/post/purchase-of-receivables.html - Trade Finance Support For Import Export Companies
In global trade transactions, import-export companies are the vital threads connecting economies, cultures, and industries. These businesses are the lifeblood of the international market,...
However, navigating the complex financial landscapes of international trade requires a robust support system of which trade finance is one element....
This guide delves into the essence of trade finance and its critical role in empowering import-export ventures....
REQUEST A TRADE FINANCE QUOTE...
Trade finance represents a range of financial instruments and products companies use to facilitate international trade and commerce. The engine powers transactions, ensuring that exporters receive...
Import-export companies face unique challenges that domestic businesses seldom encounter. From currency fluctuations to political risks and the complexities of international shipping, these entities...
Trade finance encompasses a variety of services designed to cater to the diverse needs of import-export companies. Each service offers a tailored solution to common trade challenges, ensuring...
Letters of credit (LCs) are one of the most traditional and secure forms of trade financing. They act as a guarantee from a bank that payment will be made to the exporter, provided that the terms...
Trade credit insurance protects sellers from the risk of non-payment by foreign buyers. This insurance covers a portion of the seller's receivable, which can be crucial in situations where the...
Factoring invoices and forfaiting are methods of finance where an exporter sells their invoices at a discount to a third party, known as a factor or forfaiter. This arrangement provides the exporter...
In some cases, factoring can be combined with import funding to maximise the credit period that the buyer enjoys: Using Factoring And Trade Financing....
Supply chain finance is a collaborative tool that optimises the flow of finance across the supply chain. It involves a third-party financier who extends credit to the buyer to pay the supplier...
A myriad of institutions provides trade finance, from commercial banks to specialised trade finance houses and international financial institutions. These entities assess the risks involved in trade...
Banks have long been the traditional providers of trade finance, offering a range of services including LCs, bank guarantees, and documentary collections. They play a pivotal role in assessing...
In recent years, alternative financiers have emerged as significant players in the trade finance market. These non-bank entities often specialise in niche areas of trade finance, providing more...
Government bodies and export credit agencies offer trade finance support to promote national exports. These institutions often provide guarantees or direct financing to encourage businesses to...
Trade finance is the unsung hero of international trade, a catalyst for growth and a protector against the inherent risks of cross-border transactions. As we have explored, the array of services...
In the next section, we will explore the practical applications of trade finance, offering real-world insights into how these financial instruments are employed by import-export companies to achieve...
Moving beyond the theoretical underpinnings of trade finance, we now turn our attention to its practical applications. Import-export companies leverage trade finance mechanisms to navigate the...
Consider a UK-based importer of electronics. To secure a consignment from an overseas manufacturer, the importer utilises a letter of credit. This LC not only reassures the overseas supplier of...
In another scenario, a British exporter of machinery might employ factoring to alleviate cash flow pressures. By selling their foreign accounts receivable at a discount to a factor, they can reinvest...
See this case study about how we found trade financing for unfinished goods shipped from abroad....
Despite the clear benefits, securing trade finance is not without its challenges. Import-export companies often struggle with the stringent requirements set by banks, the high costs associated with...
See this testimonial from one client that FundInvoice helped: Trade Finance Testimonial....
One of the most daunting aspects of securing trade finance is the extensive documentation required. From financial statements to detailed trade contracts, businesses must provide a plethora of...
Cost is another significant barrier, especially for small and medium-sized enterprises (SMEs). The fees for setting up LCs or obtaining trade credit insurance can be prohibitive, making it difficult...
The complexity of trade finance products can also be a hurdle. Many import-export companies, particularly SMEs, may not have the in-house expertise to navigate the nuances of various trade finance...
To address these challenges, several initiatives have been undertaken by governments, financial institutions, and international bodies to make trade finance more accessible and understandable for...
Educational initiatives aim to demystify trade finance, providing businesses with the knowledge they need to make informed decisions. Advisory services, often offered by banks or trade associations,...
Fintech companies are revolutionising the trade finance landscape by offering digital platforms that simplify the application and management of trade finance products. These platforms can provide...
Government support schemes can provide guarantees and direct loans to businesses, reducing the risk for lenders and making it easier for companies to obtain finance....
The trade finance sector is undergoing a transformation, driven by technological advancements and changing market dynamics....
Digitalisation is streamlining trade finance processes, reducing the need for paper documentation and making transactions more secure and efficient. Blockchain technology, with its ability to provide...
There is a growing trend towards sustainable trade finance, where financing is linked to environmental and social criteria. This shift is not only ethical but also practical, as consumers and...
Supply chain finance platforms are gaining popularity, offering a more collaborative approach to managing and financing international supply chains. These platforms connect buyers, suppliers, and...
The practical applications of trade finance are as diverse as the businesses that utilise them. While challenges exist in securing and managing trade finance, the landscape is evolving, with...
In the final section of this guide, we will explore the strategies that businesses can employ to optimise their trade finance solutions, the impact of global economic trends on trade finance, and how...
As we enter the concluding part of our comprehensive guide, it's clear that trade finance is not a mere accessory but a necessity for import-export companies. The ability to optimise these...
To maximise the benefits of trade finance, companies must strategically select the instruments that align with their business objectives and transactional needs. For instance, a business with a...
Building strong relationships with banks and financiers can lead to more favourable terms and a better understanding of a company's specific trade finance requirements. Regular interactions and...
Market dynamics are ever-changing, and import-export companies must remain agile. This might involve switching between different trade finance products, renegotiating terms, or seeking alternative...
The landscape of international trade is continuously evolving, influenced by economic trends, geopolitical shifts, and technological advancements. Import-export companies must stay informed and...
Keeping abreast of economic indicators and political developments can help businesses anticipate changes that may affect their trade finance needs. This proactive approach allows for timely...
Adopting new technologies, such as blockchain and AI, can streamline trade finance processes, reduce costs, and enhance security. Companies that are early adopters of these technologies may gain a...
Investing in continuous learning and development ensures that a company's workforce is equipped with the knowledge to manage complex trade finance instruments and navigate the international...
Trade finance is a dynamic field that requires a strategic approach and a forward-looking mindset. By understanding and utilising the various instruments available, building strong relationships with...
As we conclude this guide, let's address some frequently asked questions that import-export businesses might have regarding trade finance....
1) What is the most cost-effective trade finance instrument for small businesses?...
Answer: The most cost-effective instrument can vary based on the specific needs of the business. However, for small businesses, trade financing or export factoring can be cost-effective options, as...
2) How can a company protect itself against currency fluctuations in international trade?...
Answer: Companies can use hedging instruments such as forward contracts, futures, and options to lock in exchange rates and protect against currency fluctuations. Additionally, invoicing in the...
3) Can trade finance help in building a company's creditworthiness?...
Answer: Yes, successfully utilising trade finance instruments and adhering to payment terms can help a company build a positive credit history, which can improve its creditworthiness and facilitate...
4) Are there trade finance options available for companies without a long trading history?...
Answer: Yes, there are options such as factoring and import financing that may be available to companies without a long trading history. Additionally, government-backed schemes may also provide...
5) How does trade finance contribute to global economic growth?...
Answer: Trade finance facilitates smoother and more secure international trade transactions, which encourages companies to expand their global reach. This expansion leads to increased trade volumes,...
http://www.fundinvoice.co.uk/blog/guidance/post/trade-finance-support-for-import-export-companies-guide.html - Video About Business Ideas That Can Increase Cash Flow
This video sets out some business ideas that could help you increase your cash flow:...
In addition to the ideas mentioned in the video, you might also want to review our Cash Flow Manual and the following tips....
Introducing new products or services can attract a broader customer base and open up additional revenue channels. Consider leveraging your company's core competencies to explore complementary...
Subscription-based models provide a predictable income stream, essential for improving cash flow. This model can be applied to various industries, from curated product boxes to software-as-a-service...
Effective inventory management ensures that capital is not tied up unnecessarily, improving cash flow. Implementing just-in-time (JIT) inventory practices can minimise storage costs and reduce the...
Q: How can small businesses improve cash flow quickly?A: Focus on quick wins like sending invoices promptly, offering discounts for early payments, and reviewing regular expenses for potential...
Q: Is it beneficial to take a loan to improve cash flow?A: While loans can provide immediate relief, it's crucial to consider the long-term impact on your finances. Commercial loans should be...
Q: Can improving customer retention impact cash flow?A: Absolutely. Retaining customers is often more cost-effective than acquiring new ones. Loyal customers are likely to make repeat purchases,...
Q: What role does budgeting play in cash flow management?A: Effective budgeting helps in planning for future expenses and investments, ensuring that cash flow is maintained at healthy levels to...
By adopting these innovative business ideas, UK companies can not only improve their cash flow but also position themselves for sustained growth and success....
http://www.fundinvoice.co.uk/blog/guidance/post/video-about-business-ideas-that-can-increase-cash-flow.html - Video Explaining How Manufacturers Can Get Help To Pay For Raw Material Supplies
This short video explains how manufacturing companies can use this simple source of funding to help them pay for their supplies and raw materials....
Often manufacturers are unaware that there are options that can help them and this one is lesser known....
GET A QUOTE NOW...
Here is an explanation of what is available and how it can help:...
For more information see this comprehensive article about financial help for manufacturing companies....
http://www.fundinvoice.co.uk/blog/guidance/post/video-explaining-how-manufacturers-can-get-help-to-pay-for-raw-material-supplies.html - Video Guide To Invoice Finance
See our video guide to invoice finance below:...
Request a quote search for your business:...
COMPARE QUOTES NOW...
At the end of the first video (above), you will see a link to the next part of our online video guide which you can then watch....
Or you can read our comprehensive written Guide To Receivables Financing on our site....
http://www.fundinvoice.co.uk/blog/guidance/post/video-guide-to-invoice-finance.html - Video About The Pros And Cons Of Using Factoring
The Pros And Cons Of Using Factoring are covered in this short video clip....
It explains some of the benefits and drawbacks of using this type of funding for your business....
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The clip below discusses the issue....
Here is a short video explanation:...
For additional information please see our article about the Pros And Cons Of Factoring....
http://www.fundinvoice.co.uk/blog/guidance/post/video-pros-and-cons-of-using-factoring.html - Warning About Lists Of The Best Invoice Finance Companies
This is a warning about lists of the best invoice finance companies that you might find published online....
I have said many times that there really is no single top or "best" provider for all cases. Even for all recruiters or even all recruiters of a given size. It really is always a case of needing to...
DISCUSS WHAT YOU NEED...
I have recently noticed several articles online that purport to list the best invoice finance or factoring companies in the UK. They draw my attention because they often present differing lists, and...
When viewing any list firstly consider the criteria that have been used to draw up the list. Be cautious if there is no explanation of the criteria that are being used to determine which are "the...
I saw one article the other day that stated its list of "the best invoice finance companies for recruitment companies". The article was published on a well known business site for new businesses, but...
Another article that I came across stated a list of "the best invoice finance companies" which prompted me to contact the person the person that had written the article. I asked how the list had been...
http://www.fundinvoice.co.uk/blog/guidance/post/warning-lists-best-invoice-finance-companies.html - What To Do If Your Invoice Finance Company Withdraws From The Market
Rumours are again circulating that another large invoice financier is withdrawing from the market and asking some of their clients to find alternative invoice finance companies....
We have often been asked to answer questions about what to do if your invoice finance company withdraws from the market. While you might think this sounds very unlikely, it occurs more frequently...
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Multiple circumstances can lead to a provider withdrawing from the market and their clients needing to find alternative facilities....
Common reasons for exiting the market, or parts of the market, include:...
All these circumstances can be less than ideal for the company using receivables financing as it can lead to financial disruption. However, it can also give you the chance to try and improve terms...
When a receivables finance provider withdraws from the industry, it can leave businesses scrambling for alternative working capital solutions. Whether your factoring company shuts down, merges, or...
In this guide, we explore practical steps to keep your funding intact and ensure smooth financial operations....
Start by reviewing your existing funding contract to understand the exit terms:...
The good news is that many different providers that offer comparable or even better solutions....
See our Guide To Moving Between Invoice Finance Providers....
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This is something that has happened a few times. A provider decided to withdraw from the marketplace, and they entered an arrangement with another provider to allow them priority in taking on the...
See our case study: How we helped a business save thousands when they were asked to leave their existing provider....
If switching invoice finance companies isn’t an available option or you want to use other forms of funding, consider these options:...
See our related article: What To Do If You Have Been Asked To Find Another Trade Finance Company....
While securing replacement finance, you might choose to try to improve internal working capital efficiency....
See our Cash Flow Guide for tips and ideas on increasing cash reserves....
To safeguard your company against similar funding shocks in the future:...
See our related guidance about: Writing A Business Continuity Plan....
If your invoice finance provider is withdrawing from the market, swift action is key to maintaining financial stability. Whether switching to a new receivables finance partner or exploring...
Need help finding a replacement invoice finance facility? Contact FundInvoice for a free, without any obligation, to compare the best available options on 03330 113622....
http://www.fundinvoice.co.uk/blog/guidance/post/what-to-do-if-your-invoice-finance-company-withdraws-from-the-market.html - When To Use Invoice Finance
As important as understanding the product features is the question of when to use invoice finance....
This article explores when you should consider using invoice financing and the different circumstances that cause companies to employ these products....
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For comprehensive explanations of the various products, how they work and the pricing see our Invoice Finance Guide....
There are two broad durations of usage, temporary (or even one-off) and ongoing....
Firstly, the most common is ongoing usage. This means that a company uses invoice financing products on an ongoing basis, normally for the majority of its invoices. This maximises the funding...
The second type of usage is temporary. In these cases, the company uses the product for a short period (it may be a one-off use) or may dip in and out using it intermittently, as and when the need...
I have produced a list of the situations where factoring or invoice discounting may help. This list is based on various events that could prompt the need....
Below I have broken down the circumstances which might lead to its use....
To discuss when to use invoice finance and your circumstances, in confidence and without obligation please call FundInvoice on 03330 113622 and we will find the best options for your company....
http://www.fundinvoice.co.uk/blog/guidance/post/when-to-use-invoice-finance.html - 101 Facts About Invoice Finance
Financing invoices has been around for millennia, so here are 101 facts about invoice finance that you might not know. This list may also correct a few of the myths that we often hear being spread...
So, here's my list of facts about invoice finance:...
Wow, what a list! There you go, that makes 101 facts about invoice finance....
http://www.fundinvoice.co.uk/blog/how-it-works/post/101-facts-about-invoice-finance.html - An Innovative Way To Finance Startups And Acquisitions
Innovation in financial products may not be something that you hear of often. However, the subject of my recent talk to the Geeves Mastermind Club (GMC) centred around the innovative application of...
GMC are a membership club for all businesses looking to get guidance and support to build a profitable business quickly and efficiently. They employ a team of successful business experts and...
The title of my recent talk was "An Innovative Way To Finance Start-ups And Acquisitions". You can download a copy of the slides that I used here - Invoice Finance Presentation Slides....
The presentation covered how receivables financing is little known in the UK, in part due to low levels of awareness. However, in some sectors, e.g., staff recruitment, the uptake is significantly...
You can get more information about the application of these services to starting a new business or buying a company or its assets below...
One of the questions raised by a participant was about the typical cost of using these services. This can vary but our article about pricing gives a detailed explanation with examples of prices....
If anyone needs more detailed information about these products, I would suggest that our Receivables Financing Guide is a good place to start....
GMC sent me a follow-up email with these kind words...
"Thank you Glenn. It was a really informative event, I think the team found that too. Thank you for agreeing to speak with us and do the event."...
It's always nice to get good feedback....
http://www.fundinvoice.co.uk/blog/how-it-works/post/an-innovative-way-to-finance-start-ups-and-acquisitions.html - Are Personal Assets Required To Secure Invoice Financing
Are Personal Assets Required To Secure Invoice Financing?...
In a word, NO. However, you should know about a few caveats that are explained below....
When you apply for invoice financing, you are not normally required to provide any personal assets, such as your home or property, as security by giving say a fixed charge over your property....
However, there may be extreme cases where personal assets have been used to enable a funder to offer to a company in a very difficult situation. If a funder has suggested this to you, let us see if...
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Most providers in the UK will require the directors of the company to sign a personal guarantee (PG). This is often for a limited amount but it does mean that your personal assets could be at risk in...
Despite this generally accepted practice of asking for PGs, some providers will offer invoice finance without personal guarantees....
Another important aspect is that many providers now ask that one or all of the directors of a company be homeowners. Whilst this in itself does not directly pledge your property as security for the...
Often this requirement is more about making sure that the directors are committed to a particular address rather than seeking to take any value from their property. ...
Once again, not all funders require prime movers to be homeowners, some will provide invoice finance for non-homeowners....
So, in summary, whilst personal assets are not normally taken as direct security by a funder they can be at risk if you provide a PG. Not all funders require PGs but many will only deal with...
Whatever your situation, there are funders that operate without these requirements that we can connect you with. ...
http://www.fundinvoice.co.uk/blog/how-it-works/post/are-personal-assets-required-to-secure-invoice-financing.html - Bundled Fees In Invoice Finance
Bundled fees in invoice finance refer to a way of structuring the charges so that you only pay a single fee instead of multiple different charges. This makes the charges simpler and more predictable...
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When exploring invoice finance, businesses often come across different pricing structures, one of which is the bundled fee model. Unlike traditional invoice finance pricing, where service or...
The consolidated charging structure can also include other services such as the bad debt protection element (the fee for bad debt protection)....
This single-fee approach offers simplicity, but it also has pros and cons that businesses should consider....
For a full explanation of the costs with examples see our article about: Invoice Finance Example Costs....
A bundled fee is an all-in-one charge applied to an invoice finance facility, covering both the service fee (typically a percentage of turnover) and the discount charge (similar to interest on funds...
With a single charge fee structure, businesses receive an agreed-upon percentage of their invoice value upfront. The finance provider then deducts a fixed percentage as the single all-inclusive fee...
For example, if a business raises an invoice worth £10,000 and the bundled fee is 2.5%, the total cost would be £250 (+ VAT if applicable). At the time of writing, there was a bundled fee...
Below we discuss some of the pros and cons of bundled fees in factoring and invoice discounting....
A flat fee structure makes it easy to calculate costs upfront, removing uncertainty about fluctuating discount charges....
Since businesses know exactly how much will be deducted, cash flow forecasting becomes more straightforward....
Related content: See our Cash Flow Guide....
Some traditional invoice finance agreements include additional fees. With some bundled fee pricing structures, everything is consolidated, reducing the risk of unexpected costs....
For businesses with customers who pay invoices quickly, a bundled fee may be more expensive than a traditional model where discount charges accrue over time. It can also be the case that the fees for...
A fixed percentage charge means businesses pay the same fee regardless of how long an invoice takes to be settled, which may not always be cost-effective....
Businesses that operate on tight profit margins may find that all-in-one fees eat into their profitability more than an unbundled pricing model would....
You may be asking "Is a bundled fee option right for my business?" - this may help you decide....
An all-inclusive fee may be a good fit for businesses that:...
However, businesses with fluctuating invoice settlement periods or those looking for more control over finance charges might benefit from a traditional service fee and discount charge model....
Not all invoice finance companies offer this type of all-inclusive fee structure despite there being many providers in the UK. Speak to an expert on 03330 113622 and we will connect you with...
An all-inclusive fee invoice finance structure offers a simple, predictable pricing model that can work well for certain businesses. However, it’s important to compare it against traditional...
For expert guidance on invoice finance and to explore the best options available, contact FundInvoice today at 03330 113622....
It's a single charge percentage of invoice value instead of a separate service fee and discount charge....
The lowest bundled fee starts from about £3,500 (+ VAT if applicable) per annum but the fee percentage you pay will be unique to your business....
http://www.fundinvoice.co.uk/blog/how-it-works/post/bundled-fees-in-invoice-finance.html - Compare A Loan With Invoice Finance
Something a little bit different, I wanted to compare a loan with invoice finance by comparing the amount of cash made available to the borrower over time....
This demonstrates something about the nature of these two products that is often overlooked and could be very much to the borrower's detriment. Whereas the capital amount from the loan gradually...
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The idea for this comparison came about when an existing client suggested that they wanted to move from invoice financing to a loan as they thought it would be cheaper. As it happens there would...
Also, there may be additional security requirements for a loan of several hundred thousand pounds. For instance, there may be a requirement for security over property which is very unlikely with...
It is this issue of capital repayments that is often completely overlooked. With a commercial loan, the borrower normally repays both interest and part of the capital over time (normally each month)....
Invoice financing is what we call a revolving facility. If your monthly volume of trade remains stable the amount of funding remains constant. This is because as invoices are paid by customers...
This revolution of the capital is why it is referred to as a revolving facility....
To make the comparison we need to look at the fees and the amount of cash released to the company....
The difference in fees is likely to be minimal in this case....
Therefore, I ignored fees for the purpose of the model I built to compare the funding levels between invoice finance and a business loan....
I have built a simple spreadsheet that compares the funding released by an invoice finance facility and a business loan: Comparison Of Finance From A Loan With Invoice Finance...
What is shown in our example is as follows:...
Assumptions used in the model:...
The availability of overdrafts has been less of late and the likelihood of getting one of sufficient size is very low in this case....
The model shows that the amount of funding over time is significantly higher from invoice financing (using the assumptions explained above) when compared with a commercial loan. Of course, the...
http://www.fundinvoice.co.uk/blog/how-it-works/post/compare-loans-invoice-finance.html - Discounting Invoices
Sometimes I despair at the amount of jargon that we use within our sector. I had a recent conversation with someone new the receivables financing sector, which demonstrated perfectly how confusing it...
We were discussing discounting invoices, which I took to mean the receivables financing service (a.k.a. invoice finance) whereby a supplier receives a prepayment against their invoices (with the...
The other party was shocked and couldn't understand why anyone would accept 70% of their invoice value. They had a completely different understanding, they thought I meant that the supplier...
The problem is the jargon that we use. To us discounting invoices can mean the process of providing invoice finance, or it can mean giving someone a discount on the value of a purchase. To make...
To insiders the terminology seems straightforward, but it is open to huge misunderstandings. This particular misunderstanding is greatly concerning as I have heard it before. Those not familiar with...
http://www.fundinvoice.co.uk/blog/how-it-works/post/discounting-invoices.html - Common Mistakes About Factoring And Invoice Finance
Misconceptions about invoice finance, invoice discounting and factoring are common as these services are not universally known to UK businesses. Previous studies* have suggested that as many as 1 in...
Below we have addressed a number of the most common misunderstandings, misconceptions and mistakes about invoice funding that we regularly come across....
Prepayment percentages against invoices vary according to your sector and the nature of your trade. Typically they vary from circa 70% in the construction sector up to 95% for staffing agencies and...
Therefore, if you have a prepayment facility of 85%, you should be funded £8,500 against a £10K invoice. The remaining 15% (£1,500 in this example) is NOT the fee! This will be...
Typically, you might pay a few percentage points as the fee with a discount charge against the amount of funding that you draw down (this works in a similar way to interest on an overdraft). You DO...
With a recourse factoring or recourse invoice discounting facility that is the case. The funding is removed after a specified recourse period if the customer fails to pay....
However, there are also non-recourse options. With a non-recourse facility, you also have bad debt protection. Providing you trade within a preset debtor credit limit, your invoices are "covered". If...
The majority of the UK receivables financing providers are not banks. Many are what we call "independent" invoice finance providers that are not owned by banks. There are also bank-backed/owned...
Directors are often required to provide a personal guarantee in support of their receivables financing facility. However, in many cases, this is limited to a maximum value that is far below the total...
Another common misconception is that you have to be a homeowner to get a receivables financing facility. This is not the case with all providers. There are funders that will accept clients where the...
Hopefully, that has addressed some of the more common misconceptions that we hear from prospects. If you need to discuss your requirements with an expert, please get in touch with us on 03330 113622....
Source - * FundInvoice | Please Help Raise Awareness Of Invoice Finance - #IFaware ...
http://www.fundinvoice.co.uk/blog/how-it-works/post/factoring-and-invoice-finance-common-mistakes.html - How Do I Integrate Invoice Finance With My Accounting Software
If you are asking "How do I integrate invoice finance with my accounting software?" you are in the right place. This article will answer how you can do that, as well as the benefits and some of the...
In summary, there are a number of invoice finance companies that have integrated their factoring and invoice discounting facilities with hundreds of different accounting software packages. We can...
Use the button below to get quotes for invoice finance that can integrate with your accounting package....
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The use of accounting software in the UK is on the rise as businesses seek more efficient and accurate ways to manage their finances. The adoption of digital accounting tools is driven by the demand...
Small to medium-sized enterprises (SMEs), in particular, benefit from features like automated invoicing, expense tracking, and integration with banking and payroll systems, which simplify bookkeeping...
Some accounting packages may recommend a particular invoice financing provider that works with their software. There may be other providers that can also integrate with particular accounts packages...
Invoice financing is a cash flow solution whereby UK companies can get early access to the funds tied up in unpaid sales invoices. In the past, these invoices had to be manually submitted by the...
In the early 1990s funders began to rollout invoice upload systems that allowed schedules of debt to be submitted electronically, normally via file transfer. This has now been superseded by full...
In some cases, funders have developed integrations with hundreds of different accounting platforms so that they can cater for the needs of nearly every client. Some providers are even able to develop...
The invoice financing companies all have operational systems that have varying degrees of functionality. The functions can include:...
The benefits of using the funders system can be extensive. With the right software, it can make your facility very simple to monitor and use. In some cases, funding can be automatically drawn to make...
See also our article on Invoice Finance Processes....
As businesses grow, managing cash flow becomes increasingly complex. Invoice finance can be an essential tool for smoothing out cash flow, but if your accounts aren’t synced up, it can quickly...
Choosing the right accounting software is the first step toward a successful integration. Look for software that’s widely compatible with invoice finance providers, such as QuickBooks, Xero, or...
When choosing software, consider features that support integration, like automated payment tracking, invoice status updates, and customisable reporting. It’s also helpful to ask your invoice...
Once you’ve chosen software, confirm the integration options with your invoice finance provider. Many providers offer application programming interfaces (APIs) that allow systems to communicate...
Ask about any potential fees or limitations for integration. Some providers may charge for enhanced integration features or limit what data can be shared between systems. Ensure the integration will...
Setting up user access and permissions ensures that sensitive financial information is only accessible to those who need it. Define user roles carefully, granting access to team members responsible...
For additional security, make sure your team follows data protection practices. If your accounting software allows, set up automated workflows for approvals and reporting to reduce manual input and...
Once permissions are set, it’s time to configure how often and what type of data syncs between systems. You might choose daily, weekly, or even real-time updates, depending on your needs....
Define specific data points for syncing, such as client information, invoice amounts, and payment terms, so the most relevant details are always up-to-date. Setting up alerts for inconsistencies,...
One of the benefits of integrating your systems with some providers is the ability to customise reporting and get a clear view of how invoice finance impacts cash flow. Start by identifying the...
Using your accounting software’s reporting tools, set up templates or dashboards that display these metrics at a glance. Schedule regular reviews of these reports so your team can spot trends,...
Successful integration requires that everyone knows how to use the systems effectively. You might want to hold training sessions with your team on how to access, manage, and troubleshoot the...
Encourage team members to provide feedback on the integration process. If they encounter any recurring challenges, this feedback can help identify areas for improvement....
Once everything is in place, continue to monitor the integration’s performance. Regularly check for data accuracy, syncing frequency, and overall efficiency. If your business needs change, such...
Periodically check for updates or new features in either system that could enhance the integration or streamline the process even further....
Integrating invoice finance with accounting software brings several benefits that can improve the efficiency and accuracy of financial operations:...
Integrating invoice finance with accounting software can seem like a daunting task, but it pays off in the form of streamlined processes, accurate data, and more effective cash flow management. By...
What is the benefit of integrating invoice finance with accounting software?Integrating these systems helps streamline processes, reduce manual data entry, and improve data accuracy. It provides...
How does integrating invoice finance with accounting software improve cash flow management?With real-time syncing, you’ll always have up-to-date information on outstanding invoices, payment...
Is it difficult to set up an integration between invoice finance and accounting software?Setting up integration can vary in complexity, depending on the software and provider. Some providers offer...
Do all invoice finance providers support integration with accounting software?Not all providers offer integration options. It’s best to check with your provider in advance to confirm if they...
What are the risks of not integrating invoice finance with accounting software?Without integration, you may encounter data inconsistencies, time-consuming manual updates, and potential errors. This...
Which accounting software is best for integrating with invoice finance?Popular choices include QuickBooks, Xero, and Sage, which are known for compatibility with various invoice finance providers....
What features should I look for in accounting software to support invoice finance integration?Look for features like automated invoicing, payment tracking, customisable reports, and the ability to...
Can I integrate invoice finance with my current accounting software, or will I need to switch platforms?It depends on your provider’s compatibility. Some providers work with a range of...
Are there any limitations with certain accounting software options?Yes, some software might lack specific integration features or only support partial data syncing. It’s essential to confirm...
How do I start the integration process with my invoice finance provider?Begin by contacting your provider to ask about their integration options, API compatibility, and setup instructions. They may...
What information do I need to share with my invoice finance provider for integration?Typically, you’ll need your business details, access to accounting software, and a list of data fields to...
Do I need technical expertise to set up the integration?It depends. Some integrations are plug-and-play, requiring minimal technical knowledge, while others may need API configuration, which may...
Are there fees associated with integrating invoice finance and accounting software?Some providers may charge for premium integrations or advanced features. Check with your provider to see if any fees...
How long does it take to set up an integration?It can range from a few minutes for simple integrations to several days or more if technical setup or API customisation is needed. Providers can offer...
What data points are typically synced between invoice finance and accounting software?Common data points include invoice details (number, amount, due date), client information, payment status, and...
How frequently should data sync between invoice finance and accounting software?Sync frequency can vary. Real-time syncing is ideal for the most accurate data, but daily or weekly syncing can work...
How can I ensure data security during integration?Ensure your provider uses secure data transfer protocols, such as encryption. Set up strong user permissions, and consider multi-factor...
What happens if there is a data mismatch between the invoice finance provider and my accounting software?Some systems will flag mismatches, allowing you or them to review and resolve discrepancies....
Can I customise which data fields are shared in the integration?Yes, many providers allow customisation of synced fields to match your business needs. You can typically choose which details you want...
Who should have access to the integrated invoice finance data in my accounting software?Typically, team members in finance, accounting, and management roles should have access. Limit access to those...
How do I set up permissions for my team members in the integration?Most accounting software allows you to define user roles and set specific permissions. Ensure that each user only has access to the...
How can I ensure data privacy and control access to sensitive information?Implement user permissions, data encryption, and strong passwords. Regularly review and update access controls to maintain...
Can I restrict access to specific parts of the integration, like invoices or customer information?Yes, most systems with role-based access control allow you to restrict users to specific sections,...
What are the best metrics to track when using invoice finance in accounting software?Key metrics include outstanding invoice amounts, days sales outstanding (DSO), client payment histories, cash flow...
How can I customise my accounting software’s reports for invoice finance?Use the software’s customisation options to add relevant data fields (like invoice statuses or financing costs) to...
Can I automate reporting on invoice finance activities?Yes, many systems allow for scheduled reports that automatically update and can be sent to relevant team members, saving time and ensuring...
How often should I review reports related to invoice finance?Weekly or monthly reviews are typically sufficient, though businesses with high transaction volumes may benefit from daily monitoring....
What information should I include in reports to assess the success of the integration?Include data on outstanding invoices, payment statuses, cash flow improvements, fees incurred, and any...
What should I do if the integration stops working or the data doesn’t sync correctly?First, check for system notifications, then consult your provider’s support documentation or contact...
How can I troubleshoot common issues with invoice finance and accounting software integration?Common steps include checking internet connectivity, confirming software updates, verifying permissions,...
Are there regular updates or maintenance required for the integration?Most likely yes, both the accounting software and invoice finance provider may release updates. It’s important to stay...
Who should I contact if I experience technical issues with the integration?Most providers have dedicated support teams or account managers who can help resolve technical issues. Check your...
Is ongoing training necessary for managing the integration?Possibly, especially if updates are made to the system or if new team members join. Regular training sessions help ensure consistency and...
What should I include in a user guide for my team?Include login steps, common tasks, troubleshooting tips, and contact information for support. A brief guide makes daily operations more efficient....
How do I handle resistance or concerns from team members about learning the integrated system?Address concerns by highlighting the benefits, offering training, and providing ongoing support....
How can I measure the success of integrating invoice finance with accounting software?Measure success through improved cash flow visibility, time savings, reduction in errors, and overall impact on...
How will integration affect my business’s overall financial performance?Better cash flow management, reduced errors, and streamlined processes contribute to financial stability and potentially...
Is there a way to estimate cost savings from reduced manual work after integration?Estimate hours saved on tasks like manual data entry and error correction, then multiply by average hourly wages to...
Should I consider upgrading the integration as my business grows?Yes, as needs evolve, consider advanced features and also take advantage of useful innovations that your provider delivers via future...
http://www.fundinvoice.co.uk/blog/how-it-works/post/how-do-i-integrate-invoice-finance-with-my-accounting-software.html - How Quickly Can A Business Access Funds After Invoice Submission
How quickly can a business access funds after invoice submission? This is a common question posed to invoice finance companies when a business is using a financial facility that involves prepayments...
In a nutshell, the stated answer is normally "within 24 hours"....
However, there is a lot more to understand about that question and it can affect the actual timeline to release cash....
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The measure by which to judge the benefit of using an invoice finance facility is the time it would take to access funds from debtor payments if you didn't have a facility....
Standard payment terms in the UK across many sectors are normally "net 30 days". This means that the debtor has 30 days from the date of the invoice to remit the payment. In some cases longer (or...
The issue with open account invoicing (giving a credit period to pay an invoice) is that there is not guarantee that the debtor will pay before the end of the credit period. Many companies will pay...
Research suggests that there has been a 20% increase in the number of buyers taking 80 days or more to pay their suppliers. That's a long time to wait but consider that there will be a range...
Using financing against your invoices can remove that waiting process. Typically, funders state "within 24 hours" to provide funds against new invoices but in some cases, that can be a same-day...
Also, consider the time it takes to set up invoice finance. This can vary from same day to several weeks or more, depending upon the processes of the provider that you choose. Our record for set up...
Once the facility is in place, then funding against new invoices can be accessed on the same day in most cases....
The time to set up the facility is important to ensure that you don't leave things too late before you apply....
Many funders now have systems that integrate with your accounting software, This allows you to access invoice upload and either submit your full sales ledger or batches of invoices for prepayment....
As mentioned above some funders will make exceptions for providing payments quickly or in some cases even overpayments which go beyond what you are due. These may be subject to an additional fee....
Please see our Guide To Invoice Financing....
http://www.fundinvoice.co.uk/blog/how-it-works/post/how-quickly-can-a-business-access-funds-after-invoice-submission.html - How To Get A Business Loan Extension
Extending a business loan is possible. Below are some tips to help you get a business loan extension. This phrase can have multiple meanings....
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On the one hand, an extension can mean increasing the term of your loan - this is the most common use of the phrase. The term is the period of time over which the lending is to be repaid. For...
That timescale, or term, may be able to be increased to say 10 years. Whilst this might involve you paying more interest over the course of repayment, it is also likely to reduce the value of your...
On the other hand, the phrase can mean increasing the value of your loan or the sum lent to you. For example, if your loan was for £100,000 you could extend or increase it by borrowing an...
See our article about calculating how much finance you need....
The steps that you take to get a business loan extension depend upon which of the above options you are trying to select....
If you are looking to change the value or term of an existing loan, you will need to speak to your existing lender to renegotiate the terms. They may do this as an adjustment to the existing...
Another option is to search the loan market for an alternative lender that may be able to provide additional funds independently of your first loan. It may be that another lender can offer improved...
Also see: How To Get A Small Business Loan...
In a situation where you are seeking additional funds, i.e., an increase in the amount borrowed, there are different approaches that a new lender may take. Firstly, they may issue a top-up loan...
There are also other sources of business funding, such as alternative finance, that you might want to consider instead of lending. For example, many companies use receivables financing (also called...
See how the funding levels differ between Loans Versus Invoice Finance....
Money from this source can be used in addition to existing borrowing or it can be used to repay any existing lending. This type of funding operates in a different way from lending. The funds that you...
http://www.fundinvoice.co.uk/blog/how-it-works/post/how-to-get-a-business-loan-extension.html - Invoice Factoring In The UK
Maintaining a healthy cash flow is paramount to the success of any UK business....
For many UK companies, especially SMEs, waiting for customers to settle their invoices can pose significant challenges. This is where invoice factoring comes into play, offering a lifeline to...
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In this comprehensive guide, we will delve deep into the realm of invoice factoring, exploring its intricacies, benefits, risks, and much more. So, let's begin by answering the fundamental...
Invoice factoring, often referred to simply as "factoring," is a financial arrangement that allows businesses to convert their outstanding accounts receivable (invoices) into immediate cash. In...
For more detailed information about invoice factoring solutions please see our comprehensive guide to factoring....
Let's illustrate the concept with a hypothetical scenario involving a UK-based business. Imagine "ABC Electronics Ltd," a manufacturer of cutting-edge tech gadgets, has just delivered a bulk...
To address this cash flow gap, ABC Electronics Ltd decided to engage a factoring company. They sell the £50,000 invoice to the factor, who advances them 85% of the invoice amount upfront, which...
Now that we have a clear understanding of what invoice factoring entails, let's delve deeper into the mechanics of how it works in the UK....
Invoice factoring operates on a well-defined process in the UK, designed to benefit businesses of various sizes and industries. Here are the key steps involved:...
1. Application and Due Diligence:The journey typically begins with the business selecting a factoring company. After the initial consultation, the business submits an application, providing essential...
2. Agreement and Invoice Submission:Once approved, the business and factoring company enter into a factoring agreement. The business then submits its outstanding invoices to the factor for...
3. Advances and Funding:Upon invoice verification, the factoring company advances a significant portion of the invoice amount, typically within 24 to 48 hours. This advance can typically range from...
4. Invoice Collection:The factoring company takes over the responsibility of collecting payments from the business's customers. They handle all communication and follow-up with customers to...
5. Payment to Business:Once the customer pays the invoice in full, the factoring company deducts their fees and remits the remaining balance to the business. The fees can vary and depend on factors...
As with any financial arrangement, invoice factoring has its own set of advantages and disadvantages that businesses should carefully consider....
While we've covered some of the disadvantages of invoice factoring in the previous section, it's essential to delve deeper into the potential drawbacks to make informed decisions....
1. Costly Financing:Factoring fees can impact a company's bottom line. These fees are sometimes higher than traditional loans or lines of credit, making it important for businesses to carefully...
2. Loss of Control:When a business engages a factoring company, it relinquishes control over the collection process. The factor may employ different tactics for collecting payments, which may concern...
3. Customer Perception:Since the factor contacts customers directly for payment, it may raise concerns among customers. Businesses must work with reputable factoring companies to mitigate this issue...
4. Ineligibility for Some Businesses:Not all businesses are eligible for invoice factoring. Factors assess the creditworthiness of a business's customers and may decline businesses with a high...
Invoice factoring offers several compelling benefits for UK businesses, making it a valuable financial tool in certain situations....
1. Immediate Cash Flow:The most significant benefit of invoice factoring is the immediate injection of cash into the business. This liquidity enables companies to meet operational expenses, invest in...
2. Time Savings:By outsourcing the time-consuming task of invoice processing and collection to a factoring company, businesses can redirect their resources towards core operations and strategic...
3. Access to Expertise:Factoring companies bring their expertise in credit management and collections to the table. This can reduce the risk of bad debt and help businesses make more informed...
4. Scalability:Invoice factoring is a flexible financing solution that can adapt to the changing needs of a business. As sales grow, so does the potential for factoring, providing a consistent source...
5. Credit Risk Mitigation:Factoring companies often provide credit analysis and monitoring services, helping businesses identify and mitigate risks associated with customer creditworthiness....
Invoice factoring is a viable option for a wide range of businesses in the UK, but eligibility criteria can vary among factoring companies. Generally, the following types of businesses are...
It's essential to note that factors evaluate not only the business but also the creditworthiness of its customers. Businesses with a significant portion of high-risk customers may face...
Businesses turn to factoring for various reasons, each driven by their unique financial circumstances and goals. Here are some common motivations for using invoice factoring:...
1. Addressing Cash Flow Gaps:Factoring helps businesses bridge the cash flow gap between delivering products or services and receiving customer payments, ensuring a steady flow of working capital....
2. Funding Growth:Companies looking to expand, invest in new opportunities, or take on larger contracts may use factoring to access the necessary funds quickly....
3. Maintaining Operations:Factoring ensures that businesses can cover operational expenses, such as payroll, rent, and utilities, without disruptions....
4. Debt Reduction:By converting accounts receivable into cash, businesses can reduce their reliance on high-interest loans and lines of credit....
5. Outsourcing Collections:Outsourcing the collection process to a factoring company allows businesses to focus on core activities while professionals handle customer payments. This can also deliver...
6. Credit Risk Mitigation:Factoring companies often provide valuable credit information and monitoring services, helping businesses make informed decisions about extending credit to customers. Bad...
While invoice factoring offers numerous advantages, it's crucial for businesses to be aware of the associated risks:...
1. Cost:Factoring fees can be relatively high, impacting the profitability of the business. It's essential to compare the cost of factoring with the benefits of improved cash flow and to shop...
2. Customer Relationships:Since the factoring company contacts customers for payment, it may affect customer relationships if the factor employs aggressive collection tactics. Invoice discounting...
3. Ineligibility for Some Businesses:Not all businesses are eligible for factoring, especially those with a high proportion of high-risk customers....
4. Confidentiality:Unlike invoice discounting, factoring is not always confidential, as the factor contacts customers for payment....
Factoring fees vary among providers and can depend on several factors, including the volume of invoices, the creditworthiness of customers, and the specific terms of the factoring agreement. However,...
These are some examples of typical factoring costs....
It's essential for businesses to carefully review the fee structure and terms in the factoring agreement to understand the cost implications fully....
Factoring can impact a business's profitability, primarily due to the associated fees. The service fee, discount fee, and any additional fees can reduce the amount the business ultimately...
While factoring may reduce short-term profitability, it can provide the liquidity needed to fund growth, meet operational expenses, and take advantage of new opportunities. Businesses must weigh the...
Once a business considers the significant cost-benefits of using this type of service, in some cases, factoring can actually improve profitability....
Having a factoring company as a financial partner can be beneficial for businesses in need of working capital and improved cash flow. Here are some advantages of working with a reputable factoring...
1. Access to Immediate Cash Flow:Factoring companies provide quick access to cash, allowing businesses to address immediate financial needs and seize growth opportunities....
2. Time Savings:Outsourcing invoice processing and collection to a factoring company frees up valuable time and resources for businesses to focus on core operations....
3. Credit Risk Mitigation:Factoring companies often offer credit analysis and monitoring services, helping businesses make informed decisions about extending credit to customers....
4. Expertise:Factoring companies bring their expertise in credit management and collections, reducing the risk of bad debt....
However, it's essential for businesses to choose their factoring partner carefully. Reputable factoring companies with transparent fee structures and excellent customer service are more likely...
Factoring companies make money by charging businesses fees for their services. These fees are typically structured as above....
By collecting these fees from businesses, factoring companies generate revenue. Their profitability depends on factors such as the volume of invoices factored, the creditworthiness of customers, and...
The cost of factoring an invoice can vary widely depending on several factors, including the factoring company, the creditworthiness of customers, and the terms of the factoring agreement. Most...
To calculate the total cost of factoring an invoice, add the service fee and discount fee, and consider any additional fees applicable in your agreement. Keep in mind that the exact costs may vary,...
Factoring companies typically charge the fees as described above. In some cases, they will offer smaller companies fixed fee deals but most will follow the charging structure mentioned previously....
In a factoring arrangement, the cost of factoring is typically borne by the business (the seller of the invoices). The factoring fees, including the service fee and discount fee, are deducted from...
In essence, the business covers the cost of factoring as part of the financing arrangement, and the factoring fees are deducted from the funds provided by the factoring company. However, a seller may...
UK banks will typically have an arm that offers factoring services. However, don't overlook the independent market. There are lots of independent factoring companies that also offer these...
These factoring companies are equipped with the expertise and infrastructure to manage the entire factoring process, from invoice verification to collections. They may be more flexible in working...
The monthly factoring fee is the total monthly cost of the facility to a customer. In some cases, where a fixed fee structure is offered the total annual payment will be broken down into monthly...
Businesses should carefully review the terms of their factoring agreements to understand the specific fee structure and how it may impact their cash flow and profitability....
In a factoring arrangement, the payment of factoring fees is typically contractually obligated. Once a business enters into a factoring agreement with a factoring company, they are bound by the terms...
Refusing to pay factoring fees can lead to contractual disputes and legal consequences. Factoring agreements are legally binding, and both parties are expected to fulfil their obligations as...
The "best" rate for factoring can vary depending on a business's specific needs and circumstances. Factoring rates are influenced by factors such as the creditworthiness of customers, the volume...
To determine the best rate for factoring, businesses should ask a broker to conduct a market-wide rate comparison for them....
Ultimately, the best rate for factoring is one that aligns with the business's financial goals, provides the necessary cash flow, and represents good value for the services provided by the...
Invoice factoring can be more expensive than traditional financing options, such as business loans or lines of credit. The cost of factoring is primarily driven by the factoring fees, which typically...
This depends on the type of facility that you select. In some cases you submit all your invoices to be funded, this can have a benefit to the costing as the price reflects the overall volume....
Even with a whole turnover facility, there are sometimes exclusions that can be agreed upon in advance., e.g., if the business has one aspect of their trade that they don't want to be financed....
Invoice factoring and invoice discounting are both financial solutions that help businesses access cash tied up in accounts receivable, but they differ in their key features and how they operate....
Collections: In factoring, the factoring company assumes responsibility for collecting payments from customers....
Customer Interaction: The factoring company contacts customers directly for payment collection, which can impact customer relationships....
Confidentiality: Factoring is not always confidential, as customers are aware that the factoring company is involved in the collection process....
Credit Management: Factoring companies often provide credit analysis and monitoring services to help businesses assess customer creditworthiness....
Collections: With invoice discounting services, the business retains the task of credit control....
Customer Interaction: The business continues to interact with customers for payment collection, maintaining control over customer relationships....
Confidentiality: Invoice discounting can be confidential. Customers may not be aware of the financing arrangement....
Credit Management: Credit analysis and monitoring are typically the responsibility of the business when using invoice discounting....
In summary, the primary differences lie in the collection of invoices, customer interaction, confidentiality, and credit management. Invoice factoring involves the factoring company taking over the...
Invoice factoring is not considered debt in the traditional sense. Instead of taking on debt, businesses using invoice factoring are essentially selling their accounts receivable (unpaid invoices) to...
Overall, invoice factoring is a financing solution that allows businesses to access cash quickly without taking on debt. It leverages the value of accounts receivable to improve cash flow and address...
http://www.fundinvoice.co.uk/blog/how-it-works/post/invoice-factoring-in-the-uk.html - Invoice Financing Explained In Layman’s Terms
Understanding how receivables financing products work can be complicated. Therefore, invoice financing is explained in this post, in layman's terms....
To put it in a nutshell, invoice financing releases cash against invoices that customers haven't yet paid. There are all sorts of additional add-on services that are optional, but that is the...
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In the UK, credit invoices are typically issued on 30-day terms (although this varies). This means that you wait at least 30 days before the customer pays. If you have already had to buy raw...
When you raise your invoice, you immediately submit it to your funder (this can happen in the background directly from your accounting package). Or, with some facilities, you can pick the invoices...
Of course, most businesses are raising multiple invoices, such that they have a sales ledger of outstanding unpaid accounts. These can all be used to raise this type of funding (subject to their age...
For more detailed explanations, pricing and product details please see our invoice financing guide....
http://www.fundinvoice.co.uk/blog/how-it-works/post/invoice-financing-explained.html - Invoice Financing Process Explanation
Explaining the invoice financing process is not as simple as a single process flow that explains all the steps. Different invoice finance companies will have different processes. Even products can...
The process is split into three parts, the sales process, the operations process and termination....
The sales process is a series of steps to acquire a new customer. This starts with the initial contact between the customers and the invoice finance company. The process ends when the customer is...
This post explains the typical invoice finance sales process....
The operational process is everything that happens after the completion of the sales process. This includes how invoices or the sales ledger are transmitted to the funder, how payments are requested...
Termination is the procedure through which the facility ends. This is either instigated by the funder or their client. See our Guide To Invoice Finance Termination. Some funders are members of UK...
Whilst invoice financing procedures will tend to be similar, there are differences between different providers and products. This video describes the basics of what these products are all about:...
For more details about these products, see our Free Guide To Receivables Financing....
The underlying processes will be very different depending upon the type of invoice financing product that is being used. With invoice discounting or invoice finance, the facility may deliver funding...
This diagram gives you an overview of a typical process flow:...
The method by which invoices or sales ledger balances are transmitted varies. In some cases, a full sales ledger will be constructed and maintained by the funder. Typically, this will be for...
Most providers have the facility for you to upload your invoices electronically (historically this was a paper schedule of debts in the post). This may be by the transmission of a file or an extract...
Some funders have a full sales ledger upload capability. This means that a piece of software extracts your full sales ledger from your accounting software and uploads that to the funder. In some...
See also this related case study: Simplifying Providing Information Using Technology....
Typically, each funder will have some type of app or website through which you can manage your account (historically this was via the telephone). This interface will allow you to request the drawdown...
Once again, the level and structure of fees and charges will vary between providers and products. See our guide to how Charges & Fees typically work and what they are likely to cost....
Most receivables financing companies have account managers who look after their client accounts. They are likely to be your first port of call if you have a problem or an issue. Their...
The quality of the service provided will vary between providers. This will range from dedicated local staff handling your account to overseas call centres dealing with your queries. The same is true...
http://www.fundinvoice.co.uk/blog/how-it-works/post/invoice-financing-process-explanation.html - Raising Group Finance For Holding Companies Or Subsidiaries
Operating a group of companies in the United Kingdom requires solid financial management. Managing group finance is a pivotal task for corporate success. There is more complexity involved when it...
Raising group finance, particularly in the context of an organisation made up of several companies, poses unique challenges and opportunities. This article looks at effective strategies for raising...
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Group finance refers to the management of funds within a conglomerate of companies operating under a single umbrella. It involves strategic planning, allocation of resources, risk management, and...
One of the primary advantages of group financing is the ability to leverage synergies. Companies within a group can benefit from shared resources, expertise, and economies of scale. This collective...
We have occasionally seen groups where they initially seek to raise invoice finance for one of their subsidiary companies with the ambition of rolling it out group-wide in the future. Whilst this may...
When raising finance for a group of companies, a tailored approach is necessary. Different entities within the group may have varying financial health, risk profiles, and funding requirements. Here...
There are of course a wide range of different funding options that an organisation may consider using....
Financing through products such as receivables finance can be an excellent way of financing a large group. Funders are normally able to run multiple sales ledgers to accommodate numerous separate...
Risk management is crucial in group finance. Diversification across the group can mitigate risks, but inter-company dependencies need careful monitoring. Ensuring transparency and compliance with...
Leveraging financial technology can streamline operations, improve reporting accuracy, and facilitate better decision-making. Investment in robust IT infrastructure and financial management software...
By leveraging collective strengths, adopting a strategic approach to financing, and maintaining a robust risk management framework, groups can achieve their financial objectives and thrive....
Holding companies are frequently involved with the acquisition of new businesses into their groups. In such cases, there may be a need to raise finance to pay part of all of the consideration to...
Group finance involves managing the collective financial interests of multiple entities, focusing on group-level profitability and risk, rather than individual company performance. Groups may be able...
Yes, weaker entities can impact the group's overall creditworthiness. However, strategic financial support from stronger entities within the group can mitigate this risk and most funders will...
Each case would need to be assessed on its own merits. The involvement of a large parent company or group is likely to give any funder comfort and enable improved terms to be offered, even if the...
We hope this article provides insightful information on group finance for UK-based companies. If you need any further support please get in touch with us on 03330 113622 and we will be pleased to...
http://www.fundinvoice.co.uk/blog/how-it-works/post/raising-group-finance-for-holding-companies-or-subsidiaries.html - Understanding Your Factoring Agreement
Factoring agreements are the legal documents that regulate the factoring arrangements between a client and a factoring company (or factor). It is important to fully understand any agreement before...
WARNING: YOU SHOULD SEEK LEGAL ADVICE FROM A SOLICITOR BEFORE ENTERING INTO ANY LEGAL AGREEMENT. THIS ARTICLE IS FOR INFORMATION ONLY AND IS NOT INTENDED AS LEGAL ADVICE....
Invoice factoring facilities have become an essential financial tool for many UK-based companies. They provide businesses with immediate cash flow by selling their invoices to a third party, known as...
Like any financial agreement, it's crucial to understand every aspect before diving in. This article aims to shed light on the intricacies of factoring agreements, ensuring that UK companies...
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A factoring agreement is a contractual arrangement where a business sells its accounts receivable (invoices) to a third-party company (the factor) at a discount. This allows the business to receive...
The agreement may be structured in different ways depending on the factor that you are dealing with. In some cases the agreement is little more than a single-page contract, in other cases, there may...
In some cases, the documentation may be handled electronically without having a physical agreement or wet ink signatures....
See our full explanation of the different types of factoring facilities to fully understand how the facility type can vary. You should also see our comprehensive guide to invoice financing which...
The agreement will set out the terms by which the facility will operate. It will include detailed provisions regarding the funding, charges, operation and termination of the arrangement....
Some key aspects include:...
This is the percentage of the invoice amount the factor will provide upfront and any funding restrictions or deductions that may be subtracted. For instance, an 80% advance rate on a £10,000...
This fee is what the factor charges for their services. It can be a flat fee or a percentage of the invoice amount and a separate charge against the funds drawn down. See our guide to how pricing...
Factoring agreements can be short-term or long-term. It's essential to understand the duration and any penalties associated with early termination and the period of notice required to terminate...
After collecting the invoice amount, the factor will deposit the remaining balance (after deducting their fees) into a reserve account. This account is then used to settle any discrepancies or...
Understanding your factoring agreement is crucial for any UK-based company considering this financial tool. It offers a solution to cash flow challenges but comes with its set of considerations. In...
The subsequent sections will further explore the nuances of factoring agreements, including the legal implications, best practices, and real-world examples from the UK market....
Factoring agreements, like all contracts, come with legal obligations and implications. It's essential to be aware of these to avoid the potential pitfalls of factoring agreements....
When you enter into a factoring agreement, you're transferring the rights of the invoice to the factor. This means the factor legally owns the invoice and has the right to collect the debt....
Some factoring agreements come with a confidentiality clause, ensuring the factor doesn't disclose the arrangement to your clients (except in certain circumstances). This can be helpful in...
Recourse factoring means you're legally obliged to repay the factor if your client doesn't settle the invoice. With non-recourse factoring, the factor assumes the risk, but they might have...
A very important aspect is to understand the scope of the security that you have pledged in support of the funding. This will include the book debts but it may also include giving personal guarantees...
The agreement may set out how you can expect the facility to operate. This may include your obligation regarding the conduct of the account....
This section of the agreement will set out the circumstances in which the factor can terminate your arrangement and the amount of notice you have to give them to terminate the agreement. You need to...
Just as factors will assess your business, you should also assess potential factors. Look for reputable companies with a track record in your industry. Consider looking at customer reviews or consult...
Beyond the discount rate, some factors might charge additional fees, such as account setup fees, money transfer fees, or overdue fees. Ensure you're aware of all potential costs - you should ask...
Regularly communicate with your factor, especially if you foresee any issues with an invoice. This proactive approach can prevent potential conflicts that could lead to termination....
A small UK-based healthcare recruiter faced cash flow challenges in supporting their growth. By opting for a factoring agreement, they accessed immediate funds, allowing them to meet their operating...
A UK construction company opted for factoring to fund its growth. However, they faced issues with the concentration restriction in respect of their single debtor. They were able to find an...
Many modern factors offer digital platforms that integrate with business accounting software. This seamless integration can simplify the invoice submission process and provide real-time updates on...
Technology has enabled factors to conduct rapid credit checks, ensuring that the invoices you submit are with creditworthy clients, reducing the risk of non-payment....
Many factors provide online resources, tutorials, and support to help businesses understand the intricacies of their factoring agreement and maximise its benefits....
Factoring agreements can be an excellent option for UK-based companies, but they require a thorough understanding and careful consideration. From legal implications to real-world examples, it's...
The next section will provide a comprehensive guide on navigating the challenges of factoring agreements and ensuring they serve as a beneficial tool for UK-based businesses....
Every financial tool comes with its set of challenges, and factoring is no exception. Here's how UK-based companies can navigate these hurdles....
Solution: Always request a detailed breakdown of all fees. Negotiate terms upfront and consider shopping around to find the most competitive rates....
Solution: Opt for a factor that values customer relationships as much as you do. Confidential factoring of invoice discounting can also be a solution, where your customers remain unaware of the...
Solution: Before signing, review the agreement for any restrictive clauses, such as minimum invoice amounts or long-term commitments. If any terms don't align with your business model, negotiate...
Determine whether you need factoring as a short-term cash flow solution or a long-term financial strategy. This will guide the type of agreement and factor you choose. In some cases, a spot factoring...
If you're planning to expand your business, ensure the factoring agreement provides the flexibility and funds to support that growth. Ensure that the facility ceiling is set high enough to...
Some factors specialise in specific industries, offering tailored solutions and insights. Consider the benefits of opting for an industry-specific factor if one is available for your sector....
The financial industry in the UK is continually evolving and adapting to new challenges. Stay informed about any changes that might impact factoring agreements. This can include the launch of new,...
As technology continues to advance, the factoring industry will likely see more automation, integration, and digital solutions, making the process even more seamless for businesses....
With the growing popularity of factoring, more players are entering the market. This increased competition could lead to better rates and services for businesses. It is important to check your...
This section sets out a number of the common pitfalls that businesses can encounter when they enter into a factoring agreement to improve the cash flow of their business. It also seeks to give some...
The way that factoring works is that the business receives a pre-payment against the value of its outstanding sales invoices. The value of these invoices is the working capital of the business, i.e....
As with any finance, there is a cost associated with accessing the funding, and the facilities of some factoring companies are expensive, particularly when compared with their competitors....
THE ANSWER: If the business shopped around and sought several different quotations, it is possible to find some very reasonable deals; it is just a case of knowing where to look!...
It may appear that there will be no difference between factoring companies. Many people see factoring similarly to how they see their mortgage; once the finance is in place, then it just ticks along...
THE ANSWER: Once again, it is a case of looking around to find a factoring company whose style best suits your business rather than just choosing the cheapest quotation you can find. We can advise...
We often speak to prospective clients who are dissatisfied with their current factoring company because they feel that the company have levied all sorts of hidden charges, which have pushed up the...
THE ANSWER: Before entering into a factoring agreement, you should ask the factoring company to provide a full statement of any additional charges that could be incurred so that you can be fully...
The stronger the position of your business, the better the deal that you can command from a factoring company. If you wait until your company is in dire straits, the factoring company will seek to...
THE ANSWER: If you plan and arrange your factoring agreement before you get into cash flow difficulties, you will be in a much stronger negotiating position with respect to rates and terms....
Another common problem that we have seen is that a business will come up with a set of financial projections that are beyond what they are likely to be able to achieve. Often, they hope that this...
THE ANSWER: The answer is simple: be realistic in the projections that you produce and on which the factoring agreement is costed, and be clear about any minimums within your agreement....
The term "fresh air invoicing" means raising an invoice that does not have any underlying trading transaction, i.e. no goods or services were delivered. Sometimes, when a business gets into...
THE ANSWER: The answer is not to get into this situation in the first place. Many factoring companies will be sympathetic if they are approached for additional help when they encounter a cash flow...
Hopefully, being aware of the pitfalls of entering into a factoring agreement will help you avoid them by following the suggestions given above. Factoring continues to be a very effective way of...
Factoring agreements offer a viable solution for many UK-based companies facing cash flow challenges. However, like all financial tools, they require a thorough understanding and careful navigation....
Understanding your factoring agreement is more than just reading the fine print. It's about aligning it with your business's needs, goals, and future aspirations. As the UK market continues...
We hope this comprehensive guide has provided valuable insights for UK-based companies considering factoring as a financial solution....
Below are some frequently asked questions that we can answer for you....
A factoring agreement is a contractual arrangement where a business sells its accounts receivable (invoices) to a third-party company, known as a factor, in exchange for immediate funds. Typically,...
While many businesses can benefit from factoring, it's especially popular among companies with long invoice payment terms or those experiencing rapid growth and needing immediate cash flow....
The advance rate and fees are typically determined based on several factors, including the creditworthiness of the business's clients, the average invoice amount, the industry, the volume of...
If a client disputes an invoice, the resolution process will depend on the terms of the factoring agreement. In some cases, the business might need to resolve the dispute directly with the client. If...
Yes, there are several alternatives to factoring. Some of these include:...
Each option has its pros and cons, and businesses should evaluate them based on their specific needs....
While the primary cost in a factoring agreement is the discount rate or factoring fee, there might be additional fees such as account setup fees, money transfer fees, or overdue fees. It's...
http://www.fundinvoice.co.uk/blog/how-it-works/post/understanding-your-factoring-agreement.html - What Are Credit Limits In Invoice Finance And Factoring
Credit limits are often mentioned in the context of invoice finance and factoring. Below I will explain exactly what they are and how they work....
Credit limits are set by invoice finance companies to control their exposure to each of your debtors when you are using a receivables financing facility. Their exact function depends upon the type of...
If you are using a non-recourse facility (which includes bad debt protection) the credit limit is the maximum value of invoicing to the debtor, that will be covered by the bad debt protection....
In some cases, a funder will fund against "approvables" also called eligible debts. This means that they will fund against debts that fall both inside and outside of the credit limit. However, those...
With some invoice discounting facilities individual debtor limits are not written, although in some cases they are. All eligible debts are funded in these cases i.e. all invoices that have not been...
If you don't have the bad debt protection element, you are using what we call a recourse facility. Credit limits may still be used to control the maximum amount of invoicing that is funded for...
We regularly assist customers who are having credit limit problems. Sometimes an invoice finance or factoring company will be unable to write the required credit limits to generate the amount of...
http://www.fundinvoice.co.uk/blog/how-it-works/post/what-are-invoice-finance-factoring-credit-limits.html - What Criteria Do Lenders Consider When Approving Invoice Finance
What criteria do lenders consider when approving invoice finance? This article seeks to answer that question....
Whilst some criteria apply when you apply for invoice finance they vary according to the product that you want. Factoring services are generally easier to qualify for and invoice discounting tends to...
Having said that, when compared to other forms of lending invoice finance is generally more available than many traditional banking facilities such as overdrafts and commercial loans....
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Firstly, we should clarify a point. Invoice financing is not considered "lending", hence the providers are not "lenders". This term applies to facilities such as overdrafts and loans. This type of...
Invoice financing can be an excellent way for UK businesses to improve cash flow and increase working capital. However, securing approval for this form of finance hinges on several key criteria that...
The invoice finance criteria that funders apply are generally as follows (see below for nuances between factoring and invoice discounting)....
Firstly, you need to sell either products or services to other businesses on credit terms. This is a fundamental principle of these products. Retail or cash sales are not eligible....
Your debts owed by your customers need to be solid and ultimately collectable. Evidence of debt will help enormously. If everything you sell is on sale or return terms, or you credit out large...
Funders like simple "sell and forget" products and services, preferably with some evidence of the debt, e.g., a signed timesheet for a temporary staff placement or a signed delivery note for the...
Your invoices (or applications for payment) need to be correctly raised. See our notes on what invoices should contain....
These vary according to the product that you choose. In general terms, there are facilities with no minimum size criteria applied so you can even finance single invoices on a one-off basis. For more...
A crucial factor in invoice finance approval is the creditworthiness of your debtors. Funders primarily focus on the ability of your customers to pay their invoices. They will conduct credit checks...
Note that products can be provided with additional Bad Debt Protection to secure your company should a customer fail....
Some services will include export debtors based abroad....
Some funders may also examine your company's financial health. This includes reviewing your annual sales volumes, profit margins, financial accounts and cash flow projections. They look to...
One key aspect of looking at your cash flow forecasts is ensuring that the funder can generate enough cash to meet your needs....
Certain industries might face more scrutiny due to their volatility or the irregularity of payments within the sector. Fewer funders handle sectors like construction due to the contractual nature of...
The criteria for factoring tend to major on those above around the validity of the debts and creditworthiness of your customers. Factoring criteria often don't go much beyond this enabling these...
Some providers may have size criteria (we can advise you about these on the application), but they are normally only concerned with making sure that the product is cost-effective for the user. There...
Invoice discounting criteria can be a bit more particular than those for factoring. As the products mean you will be collecting your invoices, the funder will normally want to see that you can...
The financial criteria for invoice discounting can be stricter than for factoring. Often providers will want to see a profitable track record and in some cases a positive net worth on the balance...
This guide provides a clear understanding of the key criteria lenders consider when approving invoice finance for UK businesses, helping you prepare your application effectively to maximise the...
http://www.fundinvoice.co.uk/blog/how-it-works/post/what-criteria-do-lenders-consider-when-approving-invoice-finance.html - Why Do Some Lenders Reject Invoice Finance Applications And How To Avoid It
Why do some lenders reject invoice finance applications? We explore rejections in detail below, and we set out steps and pre-emptive measures you can take to avoid this happening to you. ...
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Let's start with why applications are sometimes declined....
If you’re running a growing business in the UK and cash flow is tight, you might decide to apply for invoice finance to release more working capital. Turning your unpaid invoices into immediate...
Most applications for a facility are successful, but occasionally an applicant can be rejected....
Some UK businesses face invoice finance rejections, often without fully understanding why. In this guide, we’ll uncover the common reasons lenders say no and, importantly, how to boost your...
In the UK, invoice finance providers don’t just assess your business, they also scrutinise your customers. In fact, in many cases they are more interested in the standing of your debtors than...
See our related article: How To Get Invoice Financing With Bad Credit In The UK....
How to avoid this:...
If you have already been declined because of credit history, there may still be some funders that will provide you with a facility. If you look at facilities like invoice factoring, they are...
If you have a poor credit history, prior failures or CCJs, see our article: Can I Access Invoice Finance With CCJs?...
Most invoice finance suppliers require that at least one of the directors of any client company is a homeowner. You may not even pass the first qualification hurdle with these providers if you...
Another reason for declining a business for invoice financing can be that they have a prime debtor concentration. This can be a single debtor situation where you only deal with one customer, or where...
How to avoid this:...
Many UK invoice finance providers set a minimum turnover requirement, often around £100,000 per year. If your business turnover is lower or inconsistent, funders may view you as a risk or the...
How to avoid this:...
Lenders want certainty that invoices will be paid. If your customers frequently dispute charges or delay payments, it creates a red flag....
How to avoid this:...
All providers have criteria as to the size of businesses that they can help. Often this can be driven by the size of their own funding lines....
If your turnover is large, it could be at the upper limit of what some smaller providers can handle. This can lead to additional scrutiny from the provider or even a late stage rejection as they may...
How to avoid this:...
We have seen numerous businesses that have been poorly thought through, and this can be a reason for a finance company not proceeding. For example, when a business is projecting, say £25M...
How to avoid this:...
See our related: Guide To Receivables Financing Costs....
Certain industries in the UK, such as construction, and other contractual sectors, face higher rejection rates for invoice finance. This is because they often have complex contracts, payment delays,...
How to Avoid This:...
Some sectors such as retail (which don't raise credit invoices to other businesses) will be better suited to other forms of funding such as a business loan or merchant cash advance (an advance...
If your business has unresolved legal disputes, outstanding tax liabilities, or a poor compliance record (such as not filing accounts on time with Companies House), financiers may be reluctant to...
How to avoid this:...
You may also be able to get a facility approved on the basis that you undertake to resolve the issues. For example, paying off HMRC debts from the initial advance is sometimes a condition of granting...
We have come across instances where a customer has contacted multiple providers or several brokers in an attempt to get a good deal or seek out all the options. This can harm how your application is...
How to avoid this:...
These are some tips on avoiding rejection to boost your chances of invoice finance approval:...
See our related article: What Criteria Do Lenders Consider When Approving Invoice Finance?...
Rejection doesn't have to be the end of the road. With the right support, it can be turned into an opportunity to strengthen your business and find a lender who understands your needs....
By addressing potential red flags, improving financial stability, and choosing the right lender, you can avoid being rejected and even turn a "no" into a "yes."...
Need help securing invoice finance? Contact FundInvoice 03330 113622 as we specialise in finding the right funding partners for businesses that have been rejected for invoice finance....
http://www.fundinvoice.co.uk/blog/how-it-works/post/why-do-lenders-reject-invoice-finance-applications-and-how-to-avoid-it.html - Working Capital Guide
Working capital (WC) is vital for every business. This is the money you have available within the business to pay your liabilities as they fall due. If you run out of WC you will not be able to meet...
This guide to working capital explains what working capital is, how to keep track of your current position and how to raise additional working capital should you need it....
There is an accounting formula to work out your working capital position. Very simply, from your financial accounts, you can make the following calculation -...
The Working Capital Ratio (also called the Current Ratio) would be the expression of those current liabilities as a fraction or percentage of your current assets. To calculate it, you would divide...
You may immediately identify some limitations in that formulaic approach....
Age Of The Underlying Figures - Firstly, using your financial accounts at year-end will only tell you the position as it was at your year-end. Even using your management accounts may still only prove...
Alternatively, you might choose to calculate the figures on a more regular basis yourself by taking into account factors such as the cash that you currently hold in your bank account and the creditor...
Conversion Of Current Assets To Cash - Another limitation is that this calculation can include current assets, such as stock or raw materials, that might not easily convert into cash. Stock inventory...
You may choose to leave out some of these asset classes when assessing your WC position if you want to be on the safe side, and only consider, say, cash in hand and debtor monies you are expecting to...
If you need to raise more working capital, there are a number of ways to do that. You could -...
Some of the sources of the new financing will include bank funding, such as an overdraft or a bank loan. Business loans can also be made available by other independent loan companies rather than a...
Alternatively, receivables financing is another good option to raise more working capital. It works by unlocking the funds that are tied up in your unpaid accounts receivable. Stock finance can be...
REQUEST A FINANCE QUOTE...
Hopefully, this guide to working capital has been useful in pointing you towards the various resources that may help. These should assist you in better understanding your position and the options...
http://www.fundinvoice.co.uk/blog/how-it-works/post/working-capital-guide.html - Purchase Order Finance To Pay Suppliers In The UK Or Abroad
Purchase order finance allows you to pay your suppliers and enjoy a period of credit until repayment is due. This can bridge the gap between buying products or raw materials and getting paid by your...
COMPARE QUOTES NOW...
Purchase order finance (also called Trade Finance or PO Finance) is short-term finance used to pay your suppliers in the UK or abroad. The funding is repaid after an agreed period of credit allowing...
See our related article: You Only Need Orders To Raise Finance....
Cash flow is the fuel that keeps businesses running smoothly. However, many small and medium-sized enterprises struggle with cash flow issues, hindering their growth potential. That's where...
This type of PO funding bridges the gap between receiving orders and getting paid by customers....
By partnering with a purchase order finance provider, businesses can secure the funds needed to source raw materials, manufacture products, and fulfil large orders. This not only helps keep the...
Purchase order finance is a specialised type of funding that allows businesses to access capital based on their purchase orders (also called POs). Essentially, it enables companies to fulfil orders...
This financing solution is particularly beneficial for small and medium-sized enterprises (SMEs) that may not have sufficient working capital to cover the costs of raw materials and production before...
The mechanics of purchase order finance are relatively straightforward. When a business receives a purchase order from a customer, it can approach a finance provider for funding. The provider...
Upon approval, the PO finance provider pays the supplier directly, allowing the seller to ship the products to the customer. This can be for a UK-based supplier or one based abroad....
Once the customers pay for the orders they receive, the business repays the finance provider, often with a fee or interest that is agreed upon in advance....
This streamlined process helps businesses maintain liquidity while fulfilling orders efficiently. These services allow businesses to leverage their purchase orders as security for funding. This...
This type of funding directly addresses cash flow challenges by providing immediate access to funds needed to fulfil orders. When a business receives a large order, it often faces the dilemma of...
Purchase order finance solves this problem by allowing businesses to access the capital required to pay suppliers, ensuring that production and shipping can proceed without delay. This access to...
Additionally, utilising purchase order finance can enable businesses to take on larger orders that they might have previously declined due to cash constraints. With the ability to finance purchase...
One of the key advantages of purchase order finance is that it allows businesses to make purchases they otherwise couldn't have afforded....
The main benefits of purchase order finance are:...
The advantages of this funding solution extend beyond just improved cash flow. One significant benefit is the reduction of financial risk. Traditional financing methods, such as bank loans, often...
Another benefit of purchase order finance is the speed at which funds can be accessed. Unlike traditional financing that may involve lengthy approval processes, purchase order finance can often be...
Moreover, using purchase order finance can enhance a company's overall financial health. By keeping the supply chain moving and fulfilling orders on time, businesses can improve customer...
By combining purchase order finance with a factoring facility, the task of managing all the invoices outstanding to customers can also be passed to the funder. Also, this gives you an even longer...
Case Study 1: Numerous businesses have successfully utilised purchase order finance to overcome cash flow challenges and achieve significant growth. For instance, a small womenswear designer needed...
Case Study 2: In another case, a toiletries supplier needed to pay overseas suppliers for imported products. FundInvoice found them a facility that paid for the overseas suppliers and provided...
When seeking purchase order finance, lenders evaluate several key factors to determine a business's eligibility. One of the primary considerations is the quality of the purchase orders...
Additionally, the size and consistency of the orders play a role in the assessment; larger, recurring orders are generally viewed more favourably by lenders but this type of funding can be available...
Another important factor is the financial health of the business seeking financing. Lenders will often prefer an established financially stable business. However, in some circumstances the financing...
Lastly, the relationship between the business and its suppliers is crucial. Lenders assess whether the suppliers are willing to work with the financing provider and if they have a history of...
To apply for purchase order finance please contact FundInvoice on 03330 113622. We can suggest providers that would most suit your circumstances from the range of providers that operate within this...
Applying for purchase order finance involves several steps that businesses should follow to ensure a smooth process....
While purchase order finance can be a powerful tool for enhancing cash flow, it's not the only option available to businesses. One alternative is invoice financing, where businesses can borrow...
Another alternative is traditional bank loans or lines of credit. These financing options often come with lower interest rates compared to alternative lenders, but they can also be more challenging...
Lastly, businesses can consider equity financing, where they raise capital by selling an interest in the company. While this approach can provide substantial funds, it also involves giving up a...
See our article about: All The Ways To Fund A Business....
Despite its many benefits, several misconceptions about purchase order finance can lead businesses to shy away from this financing option....
One common misconception is that purchase order finance is only suitable for large businesses or enterprises. In reality, this financing solution is designed specifically for small and medium-sized...
Also, some businesses may believe that the application process for purchase order finance is overly complex and time-consuming. While there are documentation requirements, many lenders have...
Purchase order finance stands out as an important tool for businesses seeking to boost cash flow and facilitate growth. By understanding how this financing option works, companies can effectively...
As demonstrated through various case studies, businesses that embrace purchase order finance can experience significant benefits, including increased income and growth. By leveraging this financing...
If your business needs to pay its suppliers contact FundInvoice on 03330 113622 to discuss the purchase order finance options that are available....
http://www.fundinvoice.co.uk/blog/importing/post/purchase-order-finance.html - Trade Finance For Unfinished Seed Planting Device For Supermarkets
Financing imports is another aspect of how we help support UK companies. In this recent case, we were able to support a distributor that had developed an innovative bio-degradable seed planting...
This was an innovative product aimed at increasing the number of people that could grow their own food at home, a noble aim that will help address the climate change crisis....
Our client had orders from a well-known supermarket, and they expected further orders from others. They needed funding to get the bio-degradable raw materials that they required for the production of...
However, in this case, our client's existing factoring company had declined to assist with financing the imports as the goods imported products were not finished goods. This is a common issue,...
However, this was not our client's method of operation. They were not importing "finished goods", as there was an element of assembly to be completed once the product was received. This was a...
http://www.fundinvoice.co.uk/blog/importing/post/trade-finance-unfinished-bio-degradeable-seeds-supermarket.html - Using Factoring To Repay Trade Finance
In the world of international trade, UK-based companies often grapple with the challenge of managing their cash flow efficiently. One of the pivotal aspects of this challenge is ensuring timely...
This is where the synergy between trade finance and factoring comes into play, offering a robust solution to extend credit periods and streamline financial operations....
Not all importers are aware that you can use factoring facilities to repay a trade finance facility....
Trade finance facilities can be used by importers to pay overseas suppliers for goods that they are importing into the UK. It can also be used for purchases of products from within the UK, in which...
There are a number of different options as to how the facility can be structured, but one particularly attractive example is where a trade finance facility is paired with factoring finance, such that...
This is how you can use factoring to pay off trade finance. How this works in practice, is as follows. You place an order for goods with your overseas supplier. The trade finance company extends a...
Here's a scenario to illustrate the interplay between trade finance and factoring:...
This gives your overseas supply the confidence to ship the product, knowing they will be paid, and it gives you a period of credit in order to sell the goods before you have to pay the supplier....
If you couple this trade finance facility with a factoring facility, once the goods are received and you ship them to your customers, you then raise your sales invoices to your customers for the...
Example Case Study - see a case study showing how we combined Trade Finance With Factoring For An Importer....
When your customers pay, the factor accounts to you for the balance of the invoice values (less charges) releasing your profit margin. In addition to this, the factoring company will then take on the...
By operating these two kinds of facilities in tandem, you can benefit from an extended period of credit, and also from having an outsourced credit control function for your business. This can mean...
For UK-based companies involved in international trade, leveraging the combined power of trade finance and factoring can be a game-changer. It offers a strategic approach to managing finances,...
If you would like to know more, please get in contact and we can find quotes for you for both trade finance and factoring....
http://www.fundinvoice.co.uk/blog/importing/post/using-factoring-to-repay-trade-finance.html - Make Money Sharing Our Social Media Posts
This is a really simple idea, to supplement your income, that you can do from your phone, tablet or computer. All you do is share our social media content (we post it daily but you can share as...
CONTACT US TO GET YOUR LINK...
You don't need any expertise, just follow the simple instructions below. All you will need is an account on one or more of the following social media platforms:...
You can share on all three if you like, and maximise your chances of people contacting us via your unique link....
All you do is follow our posts and retweet or reshare them adding a header with a few words e.g. "Contact FundInvoice via this link" or similar wording that you prefer, then add your own unique link...
If you want to, you can post your unique link anywhere else on the web, anyone applying through your link will still be identified and credited to you....
We are able to set up a unique web link that is specific to you, anyone that clicks on it will be taken to our application form on our website. It will look something like this example (feel free to...
If anyone uses your link, we will see your name on the application, so we can credit any commission earned to you....
The first step is to contact us and get your link set up, we will explain everything you need to know to get started - alternatively call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/introducers/post/make-money-sharing-our-social-media-posts.html - 50% Cost Saving For Confidential Invoice Discounting Client
We have just found one client a 50% cost saving on their confidential invoice discounting costs - here is a case study: 50% Saving On Confidential Invoice Discounting Costs...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/50-cost-saving-for-confidential-invoice-discounting-client-2.html - Auction An Invoice
If you want to auction an invoice, get in touch and we can explain the options available. An eBay style auction for one or more sales invoices ensures that you get the best price for funding against...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/auction-an-invoice.html - Choice Of Single Fee Invoice Discounters Broadens Again
Single fee invoice discounting is where an invoice discounting company offers a single charge rather than the traditional combination of administration charge, discount charge and other additional...
There are numerous providers that now offer this type of structure and we have just been speaking to another provider which prices invoice discounting in this way....
Single fee invoice discounting is not always the appropriate charging structure for every client but where you are seeking a single fee charging structure it is good to know there are many options in...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/choice-of-single-fee-invoice-discounters-broadens-again.html - CID Pricing Can Vary By Salesperson
Fortunately, we have seen a good example of how CID pricing can vary by saleperson (confidential invoice discounting), within a single organisation. This example also demonstrates how difficult it is...
We checked some prices for an invoice finance prospect, and this gave rise to a spread of quotes that varied by as much as 86% between the top and bottom of the pricing spectrum across the range of...
One of the independents was in a curious position of leading, at the top of the pricing table, despite having been some way down it previously, in other comparisons....
It emerged that our sales contact was able to quote very cheap rates as their pricing policy allowed him to be flexible due to the income from deals that he had completed historically. It would seem...
It is also unlikely to be the case that these same rates are going to be available from other salespeople within the same organisation unless they have a similar position in terms of deals already...
If you had a general working knowledge of the industry, you would have expected this provider to have been somewhere near the more expensive end; however, in this comparison, they topped the table...
It occurred to me that this is one of the benefits of dealing with a broker that has access across the marketplace; this kind of cost saving would not be routinely identified if a prospect were to...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/cid-pricing-can-vary-by-salesperson.html - Confidential Invoice Discounting
Confidential invoice discounting provides finance, against your unpaid to sales invoices, without any interference with your customer relationships. The entire arrangement is completely confidential...
The benefit of confidential invoice discounting is that you receive cash flow finance but you can retain your credit control function in-house....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/confidential-invoice-discounting.html - Confidential Invoice Discounting Despite Previous Business Failures
This news article explains how FundInvoice LLP were able to help a business that had prior failures behind them secure a Confidential Invoice Discounting facility from a reputable discounter:...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/confidential-invoice-discounting-despite-previous-business-failures.html - Deal Completed 8 Percent Increase In Profits Achieved
This is an interesting example of a plumbing, drainage and maintenance services company that we were able to help find an invoice discounting facility....
The business wanted to use the funds advanced through the invoice finance facility, released against unpaid sales invoices, in order to enable them to restructure their business....
After the client had been using their invoice discounting facility for a period of time, we spoke to them again and they advised that through the restructuring of their business theyhad been able to...
More invoice discounting deals to follow. . ....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-8-increase-in-profits-achieved.html - Deal Completed CID Found For A Factoring Client
We were able to assist an engineering client of a factoring company that wanted to move to Confidential Invoice Discounting (CID)....
Confidential Invoice Discounting enables the client company to undertake their own credit control activity without their customers knowing that there is an invoice discounting company involved. This...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-cid-found-for-a-factoring-client.html - Deal Completed Confidential Invoice Discounting
Another invoice finance deal completed - this time we found Confidential Invoice Discounting (CID) for a Printed Circuit Board (PCB) and Cable Assembly supplier. We were pleased to be able to find...
Confidential Invoice Discounting provides funding against the outstanding unpaid sales invoices of your business but allows the business to maintain their own in-house credit control function. With a...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-confidential-invoice-discounting.html - Deal Completed Confidential Invoice Discounting For A Haulier With An Insufficient Overdraft
We were recently able to help a transport company based in Southern Ireland (Eire) obtain a confidential invoice discounting facility when their overdraft facility was insufficient....
This haulage business had previously used a form of invoice finance but they were unhappy with the facility and the service that they had received so they had left the market completely. To fund...
More confidential invoice discounting deals to follow shortly. . ....
See also: Invoice Funding For Southern Irish Company and Transportation Factoring Companies....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-confidential-invoice-discounting-for-a-haulier-with-an-insufficient-overdraft.html - Deal Completed Invoice Discounting For A Business Turning Over GBP14M
Invoice finance is certainly not just for small businesses although we have been able to help many of them over the years....
In the case of this business that we dealt with recently, they were turning over 14,000,000 per annum and they were seeking an invoice discounting facility in order to generate the finance that they...
We were able to find them an invoice discounting facility with a company that were comfortable to finance a business of that size and were also able to support further growth in their financing...
One of the key benefits of invoice discounting is that as the turnover of your business increases so does the amount of finance released against any unpaid sales invoices....
More invoice discounting deals to follow. . ....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-invoice-discounting-for-a-business-turning-over-14m.html - Deal Completed Invoice Discounting Recourse Period Improved
Only the other day I put up a piece about how invoice finance recourse periods work and how we may be able to help clients find improved recourse periods: Recourse Periods and this is a good example...
The business in question had a restrictive recourse period that was being applied to their account of 90 days although their payment terms were 60 days from the end of the month in which the invoice...
We were able to find them an invoice discounting facility with a 90 days EOM recourse period which will reduce the effect of the recourse period on their funding....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/deal-completed-invoice-discounting-recourse-period-improved.html - Even Small Value Invoices Can Be Funded But Not By All Invoice Finance Companies
We have had a recent case whereby an existing invoice finance client of a bank backed invoice finance company was unable to receive funding from their invoice finance company against many of the...
We were able to put them in touch with an independent invoice discounting company that were quite prepared to offer an invoice discounting facility whereby they would fund against all the smaller...
This is an example of how even small value invoices can be funded, but not by all invoice finance companies....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/even-small-value-invoices-can-be-funded-but-not-by-all-invoice-finance-companies.html - Example of How Not Understanding Invoice Finance Can Cost Money
Much of the research that I have published recently has suggested that there is a general lack of understanding amongst businesses about invoice finance products. We have just seen the perfect...
Our Invoice Finance brokerage has been in contact with a prospective customer that was using factoring (funding and a collections service) that was being provided by a major bank. The lead was...
We put them in touch with one of our invoice finance partners who was prepared to quote for a factoring facility but as they expected the saving was not going to be that significant. The sales person...
Invoice discounting (funding only without a collections service) would provide them with a significant cost saving, as the invoice finance company is not providing a credit control service and hence...
This change of product has been able to provide them with a substantial cost saving which was money they were throwing away as they didn't understand the range of invoice finance products that...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/example-of-how-not-understanding-invoice-finance-can-cost-money.html - Explaining The Invoice Discounting Product Decision Tree.
Invoice discounting is the simplest of invoice financing services, but there are a number of product options that need to be understood in order to select the correct service for you....
Invoice discounting means that you receive funding only, without a credit control service....
We can guide you through this process over the phone; just call Sean in confidence at 03330 113622, or you can use our free Online Product Finder....
There are a number of simple questions to answer within the product decision tree that will determine the type of invoice discounting product that you need. They are as follows:...
The answers to these questions determine your product selection. Below, I will address your answers to each question in turn....
If you are looking to maximise your working capital, funding against all your invoices might be your preference. This is commonly called a whole turnover or full turnover facility. By submitting your...
Alternatively, if you just need a little help with a current cash flow problem or you think you might want to dip in and out of the funding in the future, a selective invoice finance facility might...
If you only want the funding against sales to UK debtors, that is the simplest facility. However, some discounters will also handle sales to export territories overseas, either in addition to UK...
If you have a well-spread sales ledger, you may decide that you are not worried about any single debtor failing and being unable to pay you. If you have prime debtors or significant balances to some...
The simplest, cheapest invoice finance option is normally what we call a disclosed facility. That is where your customers are aware of the involvement of a discounter. However, if you don't want...
How you submit your invoice and sales ledger data to your provider can drive the amount of work involved. Most providers now offer an electronic upload facility where you can upload your invoices or...
In addition to the above options, there are a number of other services that you may or may not want to add to your discounting arrangement. They include trade finance to fund imports. Payroll...
See our free guide to the various Types Of Invoice Discounting....
Also, for more general guidance about the different forms of funding, please see our Free Guide To Invoice Financing....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/explaining-invoice-discounting-product-decision-tree.html - Funding Differences Between Invoice Discounting Companies
Our recent search for quotes from across the market on behalf of an invoice discounting client has also identified differences between the funding approaches of different invoice discounting...
Based on the quotes provided for a client, we set out to compare the funding levels offered by different invoice discounting companies that we spoke to. The two areas of comparison that we focused on...
We found that almost a third of the invoice discounting companies were prepared to quote 90% prepayment against invoices, whilst the remaining majority quoted 85%. It could be a crucial difference...
For example, taking an average sales ledger of £100,000 of outstanding, unpaid sales invoices, an 85% prepayment could yield up to £85,000 of funding (ignoring any other restrictions or...
It is then also the case that a higher prepayment percentage (sometimes called an early payment percentage, or funding level) will continue to unlock additional funds, as and when new invoices are...
Once again, a £5K invoice funded at 85% would release £4,250 rather than £4,500 at 90%....
The facility limit is less of an issue for companies as discounters will tend to increase them if required. It serves as a maximum cap on the level of funding allowed. Often they are only implemented...
In our example, based on the anticipated "funds in use", the amount that they customer expected to borrow at any time, the highest facility limit offered was approximately 1.7 times the level of...
Once again we are able to use this kind of research in order to help clients understand the differences in funding levels, between providers....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/funding-differences-between-invoice-discounting-companies.html - FundInvoice Completes Its First Invoice Finance Client Switch On
FundInvoice LLP, our new brokerage for invoice finance, factoring and invoice discounting is off the ground with its first client switch on!...
We managed to complete a Confidential Invoice Discounting facility for a client that had overdraft restrictions. The client also raised applications for payment, which are common within the...
The first of many clients!...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/fundinvoice-completes-its-first-invoice-finance-client-switch-on.html - Independent Advice?
We have just had a meeting with one of our funding partners and we discussed a situation where an interim finance director joined a firm and then advised the business to move to an alternative...
It caused me to revisit a piece of research that we did regarding accountants, where we found that, on average, accountants deal with only 2 different invoice finance providers. This gives them a...
FundInvoice has researched the entire marketplace, both in terms of service delivery and pricing so if you want truly independent advice please get in touch....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/independent_advice.html - Invoice Discounting
We have many resources about invoice discounting: 1) How does invoice discounting work? 2) List of Invoice Discounting companies. 3) Invoice discounting case study. 4) Cost of Invoice Discounting For...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/invoice-discounting.html - Deal Completed Invoice Discounting Despite Poor Financials
We were recently able to help an established London-based business which was turning over £2 million per annum....
They had an invoice finance facility from their bank and invoice finance company but they had been told, 2 years ago that they were no longer suitable for invoice finance due to their poor financial...
The company was looking for a confidential invoice discounting facility in order to enhance the growth of their company. We were able to find them a confidential invoice discounting facility which...
This is an example of how it is possible to get an confidential invoice discounting facility despite poor financials....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/invoice-discounting-despite-poor-financials.html - Invoice Discounting With No Additional Charges
If you are unhappy with paying additional fees for invoice discounting, please see yesterday's post about invoice discounting with no disbursements. Charging additional charges is common within...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/invoice-discounting-with-no-additional-charges.html - MarketInvoice Select Fixed Term Contract
MarketInvoice, the peer-to-peer finance platform has launched another development to its growing portfolio of invoice discounting products....
MarketInvoice SELECT offers customers the ability to pick and choose invoices to receive funding against, but there is a new fixed term deal, whereby customers have the option to have a fixed monthly...
With the normal SELECT product offering, there is a percentage charge against each invoice that is funded. Typically this will be between 1% and 3%. However, the fixed contract option replaces that...
You can use this service for single or multiple debtors, with funding of up to £3 million against any one invoice. Any changes to the facility e.g. a change in the advance rate, are free of...
The facility can be set up within 24 hours....
This is an overview of how the set up process for MarketInvoice SELECT works:...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/marketinvoice-select-fixed-term-contract.html - No Disbursement Charges
One of our invoice discounting partners has just launched a confidential invoice discounting facility, for businesses with a turnover of at least £3 million, that has no disbursement charges...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/no-disbursement-charges.html - Comparison of Invoice Discounting Funding Percentages
Looking to use invoice discounting? Find a provider that will be flexible and release the maximum percentage of your unpaid sales receivables. As with all aspects of the facility structure e.g....
My recent blog post compared different approaches to setting facility limits, this one looks in more depth at prepayment percentages....
One of the "acid tests" to demonstrate the flexibility of a provider has to be the level of prepayments that they will quote as a default. Below we look at the invoice discounting percentages that...
Looking back at a recruitment sector business that we sought quotes for recently, we were able to make a comparison between the headline rates of prepayment that were offered....
The majority of providers quoted an 85% prepayment percentage immediately although just under a third of the quotes received came in at 90% immediately....
As explained in my other post, that additional 5% could result in a significant amount of extra funds released i.e. up to 5% of the value of your sales ledger....
You could argue that those that immediately offer a higher funding level are likely to take a more likely to be able to take a more flexible approach to funding levels but it is not a guarantee....
The other issue to consider, before comparing providers purely on the prepayment percentage, is the presence of any other restrictions that will affect the level of funding released....
Your sales contact or an invoice finance broker should be able to explain these to you....
These issues could include:...
You can only understand the true level of prepayment that you will receive once you account for any funding restrictions that are going to be applied. There are many different funders in the market...
The other consideration is how flexible they will be if your business runs into problems and needs so more help. Some providers have offers of up to 120% funding when coupled with other forms of...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/prepayment-percentages-comparison.html - Protected Invoice Discounting Prices
Protected invoice discounting (PID) is where the discounter includes bad debt protection (also known as non-recourse) in addition to the provision of funding against your unpaid sales invoices. This...
We looked specifically at how the cost of that added protection compared with the standard pricing, i.e. without bad debt protection (often called "recourse" or "with recourse")....
In all cases, the admin charge was quoted as a percentage of the value of turnover discounted, and the debtor protection premium was quoted as an additional percentage of that turnover, specifically...
Using the example of an average-sized prospect that we sought quotes for, we were able to compare the additional premium quoted for debtor protection against the quotes received without....
It should be noted that in a handful of cases, the discounter was actually prepared to reduce the administration charge if the customer took up the protected option. We have accounted for that...
An administration charge (or fee) is often incorrectly referred to as "a service charge" (or fee) in the context of invoice discounting. One of the key issues is that the lack of provision of any...
We found a large range in the percentage added on for the debtor protection (net of any reduction in the underlying admin fee for taking up the non-recourse option). The additional debtor protection...
We also compared the administration fee prices overall, and there was a significant range in the overall cost to our client....
The most expensive overall administration fee was twice as much as the cheapest quote for protected invoice discounting that we received for our client. Bear in mind that all the quotes were to...
This means that if you choose the wrong provider, you could end up paying twice as much admin charge as you need to have paid had you selected an alternative provider for PID....
This is the kind of research that we use to enable us to find the best providers for our clients, helping them to avoid paying too much....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/protected-invoice-discounting-prices-pid.html - The Pros And Cons Of Invoice Discounting For Businesses Considering Using Invoice Discounting
Below I have published a list of the pros and cons of factoring and so to complete the record I have also published a list of the pros and cons of invoice discounting for the benefit of any...
COMPARE QUOTES NOW...
Many pros and cons are similar for factoring and invoice discounting but there are some subtle differences:...
The pros and cons of invoice factoring services are explained below. You can also see a short video about them here....
One of the primary benefits of invoice factoring is the immediate liquidity it provides. Instead of waiting for weeks or even months for a client to pay an invoice, businesses can receive a...
With invoice factoring, the risk of non-payment is sometimes transferred to the factoring company (called non-recourse or bad debt protection). This means that if a client defaults or delays payment,...
Many factoring companies offer credit control services as part of their package. This means they will handle credit checks, payment reminders, and even debt collection in some cases. For businesses...
Invoice factoring can be a flexible solution, with businesses using selective facilities being able to choose which invoices they want to factor into their facility. This means they can use it as and...
One of the most significant drawbacks of invoice factoring is the cost. Factoring companies charge fees for their services, which can eat into a business's profit margins. It's essential to...
The amount a factoring company is willing to advance often depends on the creditworthiness of a business's clients. If a client has a poor credit history, the factoring company may offer a lower...
Some businesses worry that using a factoring company can harm their relationships with clients. This is because the factoring company, not the original business, will be responsible for chasing late...
With the administrative burden of chasing invoices taken care of by the factoring company, businesses can redirect their focus and resources towards core operations. This can lead to improved...
By converting accounts receivable into immediate cash, businesses can present a healthier balance sheet. This can be particularly advantageous when seeking external investments or loans....
Having a steady cash flow can provide businesses with a competitive edge, allowing them to take advantage of bulk purchasing discounts, invest in research and development, or launch marketing...
There's a perception in some industries that businesses resort to invoice factoring only when they're in financial trouble. This can lead to potential image issues, with partners or clients...
While outsourcing credit control can be seen as a benefit, it also means businesses lose some control over their interactions with customers. The factoring company's approach to debt collection...
Some factoring agreements come with stipulations that may limit a business's flexibility. For instance, a contract might require a company to factor all its invoices or maintain a specific...
As discussed above there are factors on each side of the equation to be weighed up when you are considering using invoice discounting or factoring services....
In most cases, the most important factor tends to be the improved cash flow that can be delivered by these products. There are also product options that can mitigate and overcome most of the other...
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/the-pros-and-cons-of-invoice-discounting-for-businesses-considering-using-invoice-discounting.html - Up To 100 Percent Funding With Liquidity Plus
One of our funding partners has launched "Liquidity Plus" that provides invoice discounting users with up to 100% funding, against unpaid sales invoices, for the short to medium term. The additional...
Speak to Sean at FundInvoice on: 03330 113622 for details....
http://www.fundinvoice.co.uk/blog/invoice-discounting/post/up-to-100-funding-with-liquidity-plus.html - 100 Percent Funding Against Invoice Value For Life - Limited Time Offer
One of the offers on our site, 100% funding levels against invoices (less fees) for life may be about to be withdrawn so contact us quickly if you want to take advantage. You can see the full details...
Hurry, it could be withdrawn at any time....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/100-funding-against-invoice-value-for-life-limited-time-offer.html - Up To 100% Invoice Finance
Another special offer from one of our funding partners. They are offering up to 100% of invoice value as a prepayment level for clients using either:...
- Factoring...
- Invoice discounting, or...
- Export factoring...
This can be made available to Limited Companies or LLP's that have a good quality sales ledger, low credit note levels and customers that generally pay on time. You will need to be able to...
For example, a company with an annual turnover of £3,000,000 with access to 100% funding levels, rather than say a 90% prepayment, could unlock an extra £300,000 of additional funding, to...
So if you are struggling with limited funding then 100% invoice finance could be a good option for you....
For more details and a quote, please get in touch, or call Sean on: 03330 113622...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/100-percent-invoice-finance.html - 100 Percent Invoice Purchase
Interesting conversation the other day with a new selective invoice finance company that are looking to offer a similar funding model to the one used in the car crash repairs sector, but to a wider...
We deal with a number of car body shops, and because the debt is considered solid i.e. paid by an insurance company, documented and signed off by the car owner and authorised by the insurer, they...
Good news for sectors outside of crash repairs, the funders we are speaking to are seeking to introduce that model to other trading sectors i.e. 100% prepayments against signed off transactions,...
Watch this space for more details....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/100-percent-invoice-purchase.html - 2.14 Invoice Finance Companies Used On Average
Our market research survey of 100 existing invoice finance users found that on average they had used 2.14 different invoice finance companies during their life as a client. We found that the fewest...
I reported previously that the average usage of invoice finance had been for 5.28 years but that could be across several providers. This makes the average client life with a single invoice finance...
These results suggest several things:...
I have further results to publish that will break down the reasons for moving between invoice finance companies. These will follow shortly....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/2-14-invoice-finance-companies-used-on-average.html - 30 Seconds On Invoice Finance Explainer Videos
Nobody has time to waste these days, we all know how it is to be busy. When you are looking for guidance online, YouTube is a good source of information about products and services but I find myself...
Watch our YouTube playlist of 30-second invoice finance explainer videos....
I bought a 30-second egg timer and every explanation is that (or less) long. I am pretty sure you can explain just about anything within 30 seconds if you really try - feel free to try and prove me...
So I have started putting together a library of very short explainer videos that give guidance about everything regarding invoice financing - each one is just a short snippet. In order to make them...
This is the first video - "Invoice Finance Explained In 30 Seconds":...
I will be following up with explainer videos of similar length about factoring, construction finance, non-recourse bad debt protection to name but a few. ...
Let me know what you think - and I am up for a challenge if you have any topic that you think I can't explain in 30 seconds - I will give it a try (just comment below or on social media)....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/30-seconds-on-invoice-finance-guidance-videos.html - 35% Invoice Finance Cost Saving?
We have checked the average cost savings we have found for clients and prospects, looking to cut costs, over the last year. On average, we could find a saving for 4 out of 5 prospects. The average...
If you want to save on your invoice finance costs challenge FundInvoice to Beat My Invoice Finance Quote without obligation and we make no charge for the quote search....
Savings updated post-publication: ...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/35-invoice-finance-cost-saving.html - 3rd TalkIF Debate Discussed Growth And Overtrading
The 3rd #TalkIF debate, hosted by RBS Invoice Finance, took place earlier today and focused on business growth. The debate covered whether or not a business should seek to grow in all circumstances...
The issue of working capital seemed to be the key concern amongst the participants but there are ways of funding a business that is overtrading. Use of invoice finance means that the working capital...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/3rd-talkif-debate-discussed-growth-overtrading.html - 400,000 Companies Unaware Of Invoice Finance
I have tried to estimate the potential size of the UK invoice finance market, and my numbers suggest that some 400,000 eligible companies are unaware of invoice finance....
There are apparently c. 5.4 million businesses in the UK, according to Government figures....
I took a database of UK businesses and selected those that fell within generally acceptable trade sectors for invoice finance. I also included construction sectors, as many factors will now fund...
In total my search returned 1,263,769 records. That represents 23.4% of UK businesses, almost a quarter that could be eligible to use some form of invoice finance....
From our recent research about awareness levels, I applied our research metric, that 32% of companies are not aware of invoice finance - that suggests that there are 404,406 businesses that are...
A 10% conversion of these businesses would almost double the total number of clients of ABFA members, and would bring a cash flow advantage to many businesses that need improved working capital...
This is why we decided to launch our #IFaware campaign, via social media and the web, to spread awareness to as many companies as possible. You can find out how to support the campaign here....
Only last night I was speaking to a businessman from Hastings who said that he had previously fallen into the category of those that were not aware of factoring and discounting, and could of...
The opportunity remains huge....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/400000-companies-unaware-of-invoice-finance.html - 5 Facts About Invoice Finance
These are 5 Facts About Invoice Finance for businesses that you should know about it you are an existing user, or if you are looking for a new source of business finance....
These are the facts explained in the infographic above:...
FundInvoice offers a free, independent quote search and advice service for various forms of business finance. So if you would like a quote for invoice finance, you can call us on 03330 113622 or use...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/5-facts-about-invoice-finance.html - 6 Ways Cash Flow Problems Can Be An SME's Silent Assassin By Julian Hornby Of GapCap
By Julian Hornby of GapCap...
However successful, innovative or budding a business may appear, poor cash flow management can bring about their downfall. This is illustrated by the Office for National (ONS) statistics, only 45% of...
1. Missed Business Opportunities...
As a young business, every opportunity may be valuable to the firm, whether it be funding a big order from a customer or simply investing in new equipment to facilitate expansion. Missing such...
2. Relationship struggles...
Experiencing late payment terms has a domino effect on an SME?s suppliers. Paying one?s suppliers late will damage any ties within the relationships one has established. Equally, customers can become...
3. Employee Satisfaction...
The happiness of a business? workforce is vital to their success. Cash flow problems will often lead to delays in payroll, which ultimately will exacerbate a dissatisfied culture amongst the team....
4. Increasing Bank Charges...
Cash flow struggles will lead to a business seeking out financial support in some capacity - which invariably will lead to incurred interest charges and service fees. As a growing firm, such costs...
5. Personal Difficulties...
Whilst it may sound trivial, cash flow strains can lead to enormous pressures on business owners. Whilst it may sound trivial, this in turn can directly lead to issues within their personal lives,...
6. Insolvency...
When an organisation becomes unable to meet their financial obligations on due date, insolvency proceedings can be initiated by a firm?s creditors. With roughly half of SMEs failing within their...
As illustrated, the side effects of poor cash flow can creep up on you very quickly. Whilst there are many simply tactics to keep on top of your cash flow forecasting, it is very likely that...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/6-ways-cash-flow-problems-can-be-an-smes-silent-assassin-julian-hornby-gapcap.html - 6 Ways To Solve Seasonal Cash Flow Problems
As we head toward the Christmas period many companies will be beginning to experience seasonal cash flow problems....
Therefore, below I have set out 6 ways to solve seasonal cash flow problems....
At the bottom of this post, you will see that there are some further resources, such as case studies and articles, that you may also find helpful....
Before setting out the solutions to the problem, the causes need to be understood:...
In both cases the outcome can be the same, a dip in the amount of working capital that your company has, leading to a cash flow headache for whoever has to manage the company cash flow....
Here are some ideas that might help solve that problem:...
Discounts for customers that pay quickly may help you get money in faster. You may feel you could trade a few percentage points for the reassurance of receiving that cash earlier in the payment...
It is key to consider the ramifications of whatever changes you are thinking of making and to model their effect on your cash flow forecast before you go ahead....
Article - 10 Ways To Improve Cash Flow...
Case Study - Funding A Seasonal Toy Manufacturing Business...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/6-ways-to-solve-seasonal-cash-flow-problems.html - 97.5 Percent Business Funding Success Rate
NOTE: THESE STATISTICS HAVE SINCE BEEN UPDATED...
We have managed to find funding for 97.5% of the businesses that we have spoken to over the course of the last year....
FIND BUSINESS FINANCE...
We regularly look back and back to see what proportion of customers we have been able to help. The last time we checked it was 97 percent. Well since then, we have improved by half a percentage point...
That means that we have been able to find business finance the vast majority of companies that we have been in contact with. This is good news if you are having difficulty finding a funding line -...
Not all customers will have gone ahead, but that means that there were only 2.5% of cases where we were unable to find them any kind of business finance - a very high success rate. Please note that...
This follows hot on the heels of our recent post confirming that we have managed to save customers an average of 31% on invoice finance costs quoted elsewhere. Combined together, these stats mean...
If you already have a quote, or are using a facility, you have nothing to lose by using our free invoice finance quote search service, to see if we can beat the fees you have been quoted. You stand...
We achieve these savings by staying up to date regarding who can offer the best invoice finance deals. Our funding success rate is driven by maintaining links with a wide variety of funders,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/97-5-percent-funding-success-rate.html - Accounts Receivable Financing A Patented Product
Getting financing when you have invented a new, innovative product can be difficult. We all see TV series such as Dragon's Den and The Apprentice where a very select few get to compete to get...
For most people its much more likely that they will rely on their own savings, money from family or support from their bank, than qualifying for an investment from a Dragon. There are plenty of...
We were able to help an inventor recently with their working capital needs. This was without the need for them to give up any ownership of their company. The business had patented a design for an...
Whilst writing this I have just seen a piece of research suggesting that most SMEs rely on their invoices being paid to terms, in order to have sufficient working capital - the research went on to...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/accounts-receivable-financing-patented-product-invented.html - Alternative Finance Positive Handle Or Ball And Chain
This article was published about the use of the term "alternative finance" and the pros and cons of using it to label products such as crowdfunding, peer-to-peer lending and invoice finance:...
This was my comment:...
"I think its difficult to choose! On the one hand the tag "alternative finance" clearly identifies the sector as something apart from mainstream banking. Recently there has been a degree of...
See also our article on Alternative Company Finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/alternative-finance-positive-handle-or-ball-and-chain.html - An Alternative To Funding Business Through Credit Cards
Are you funding your business through your personal credit cards? It is an easy trap to fall into, and one that can prove to be very expensive. There is a cheaper alternative method of funding your...
An article in the Guardian (21/09/19) quotes figures from Moneyfacts showing that average credit card interest rates have now hit 24.7% - their highest point since 2006. With base rate holding steady...
If you are using credit card debt to finance your business, this can be a very expensive method of finance. Say you were borrowing £5K on a credit card at APR 24.7%, that would cost...
Here are some other calculations of the cost per £1K borrowed, according to different rates:...
A smarter way is to use the outstanding receivables of your business as collateral for receivables financing, making your business responsible for its own financing. Even smaller businesses are...
The best way to proceed is to have us check the rates that would be available to your business, based on your circumstances. This type of funding typically releases prepayments against your...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/alternative-to-funding-your-business-through-credit-cards.html - Alternatives To Bank Overdraft
There are alternatives to bank overdrafts, and they can have a number of benefits beyond those offered by an overdraft (OD)....
It is common practice that when a business needs to raise some capital it approaches its bank. It seems a logical step, although one has to remember that a bank will only offer its own products....
As business funding brokers, we speak to numerous businesses and often hear stories of overdrafts being either removed, reduced, or unavailable in the first place. We have written previously about...
Looking through some of the product research on our site, I thought it would be a good idea to remind our readers of the benefits that products, such as factoring and invoice discounting, can offer...
See also our article about alternative business financing....
This is a summary of some of the key benefits that invoice finance can offer, beyond those offered by overdraft:...
These are just some of the high-level benefits, please call Sean on 03330 113622 to discuss your requirements and see how you could benefit from the many forms of alternative finance to bank...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/alternatives-to-bank-overdraft.html - Another 5 Star Review From An Invoice Finance Client
Another 5 star customer rating and review received from an invoice finance client of FundInvoice LLP who said:...
"I would rate your service 5 out of 5! After spending months trying to find the correct solution for my business, within a few days of speaking with Sean I was introduced to a company that offered me...
It goes to show that it can be difficult trying to find the right invoice finance deal if you don't have access and knowledge of the whole market....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/another-5-star-review-from-an-invoice-finance-client.html - Crowdfunding Makes The Apprentice On BBC1
The latest bunch of hapless Lord Sugar wannabes kicked off this season off the BBC's #TheApprentice a couple of weeks back. In the second week they demonstrated even less than the normal amount...
However, the thing that caught my eye, right at the end, was the trailer for next weeks edition. The candidates are going to be tasked by Lord Sugar with putting together a crowdfunding proposal!...
My sadness is that the receivables financing sector is still failing to achieve a shadow of the profile achieved by crowdfunding. Our own research recently found awareness of crowdfunding advertising...
The promotion of CF via The Apprentice is exactly this kind of profile raising promotion that has done so much to build awareness of CF. The stark difference between CF loans and IF is that with CF...
So what about an Apprentice episode all about invoice finance? Or even a mention? Highly unlikely I suspect, but The Apprentice remains one of the best things on TV!...
To add my sketch of Lord Sugar to your blog or website, just cut and paste the following HTML code:...
450 pixels wide:...
<a href="https://www.fundinvoice.co.uk/blog/invoice-finance/post/apprentice-crowdfunding-task-2016.html" ><img src="https://www.fundinvoice.co.uk/images/apprentice.jpg" alt="Lord Sugar by...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/apprentice-crowdfunding-task-2016.html - April 2016 FundingVoice Now Online
The April 2016 edition of FundingVoice magazine is now online: FundingVoice April 2016...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/april-2016-fundingvoice.html - What Is Asset Based Lending A Guide To Raising Money Against Assets
Asset-based lending (also called ABL) is a way of leveraging all a company's assets to maximise the amount of finance that the company can raise....
COMPARE ABL QUOTES NOW...
Often, financing can be connected to one or more types of assets that a company owns. The guiding principle of asset-based lending is that it considers a broad spectrum of different company assets to...
In some cases, the individual assets may not have been worthy of funding individually, e.g., stock, but as part of a blended asset mix, they enable the financier to release additional cash....
Asset-based lending (ABL) is a financial strategy businesses use to secure capital by leveraging their existing assets. This financing primarily focuses on using tangible and occasionally intangible...
See our related article: A Simple Explanation Of Asset-Based Finance....
In an asset-based lending arrangement, lenders evaluate the company's assets to determine how much can be lent. Asset classes include:...
The value of these assets typically dictates the borrowing capacity. Lenders will perform a thorough assessment, often including appraisals and audits, to ascertain the worth and liquidity of the...
The asset-based loan provider will set an ABL funding formula against the mix of assets being pledged. This will normally include a funding percentage against each class of assets. For example, the...
Accounts receivable is a popular asset used in ABL, particularly for companies with substantial outstanding invoices. Lenders typically assess the quality and age of receivables to determine their...
See our related article about Structured Finance for UK SMEs....
Furthermore, asset-based lending provides businesses with the opportunity to utilise their assets more effectively. For instance, a manufacturing firm can use its machinery or equipment as security...
We come across numerous SME companies with overdrafts and/or Invoice Finance facilities, yet they are still looking for additional working capital to assist in growth or upcoming projects. When...
Asset Based Lending (ABL) provides just such a facility whereby a company's assets such as their Stock, Sales Invoices or Plant and Machinery are valued separately and, depending on the industry...
Also see: Stock Financing...
In the same way that factoring companies are experts in handling sales invoices and providing maximum value from such an asset, ABL providers have the same expertise to maximise value from stock and...
Also, company size will be key but if you have a turnover of £2-3m+ and stock (ideally finished goods) with a value of over £600k and plant and machinery worth a minimum of £50k...
The advantages of asset-based lending include:...
While asset-based lending offers greater flexibility than traditional lending, there are still specific eligibility criteria that businesses must meet to qualify for asset-based loans. One of the...
Additionally, lenders will evaluate the financial health of the business seeking financing. This includes assessing cash flow, profitability, and existing debt levels. While asset-based lending...
The business's operational history and industry sector can also impact eligibility. Lenders may prefer to work with established companies that demonstrate stability and resilience within their...
If you are seeking ABL for a large company, see our related article, Large Company ABL Finance....
When comparing asset-based lending to traditional lending, it’s essential to recognise the fundamental differences in how each approach evaluates creditworthiness and risk. Traditional lenders...
In contrast, asset-based lending places a stronger emphasis on the value of the assets being used as security. This means that even businesses with less-than-perfect credit can secure loans based on...
Additionally, the terms of ABL funding can differ significantly from traditional loans. ABL finance often has more flexible repayment options, allowing businesses to tailor terms to their cash flow...
Applying for asset-based lending typically involves several key steps: ...
COMPARE ABL QUOTES NOW...
The asset-based lending process typically unfolds in several stages, starting with the initial application and asset evaluation. Once a business submits its application, the lender will begin a...
Following the evaluation stage, the lender will present a financing proposal outlining the terms and conditions of the ABL financing. This proposal will include details such as the finance amount,...
Once both parties agree on the terms, the final step is to execute the ABL financing agreement. At this stage, businesses must provide the necessary security documentation to formalise the...
To illustrate the effectiveness of asset-based lending, this article describes a series of case studies where we have used ABL-backed funding to help companies raise the amount of funding needed to...
Despite its advantages, asset-based lending is often shrouded in misconceptions that can deter businesses from exploring this financing option. One common myth is that ABL is only suitable for...
Another misconception is that asset-based lenders are overly aggressive and impose harsh terms on borrowers. While it's essential to recognise that lenders will evaluate the risks associated...
Lastly, some businesses believe that the application process for asset-based lending is overly complicated and time-consuming. While it does require thorough documentation and evaluation, many...
In conclusion, asset-based lending presents a valuable opportunity for businesses seeking to unlock growth and enhance financial flexibility. By leveraging existing assets, companies can access...
Understanding the nuances of ABL, including its benefits, eligibility criteria, and lending processes, equips businesses with the knowledge needed to make informed financial decisions....
The advantages of asset-based lending, such as increased borrowing capacity, speed of funding, and improved financial health, make it an attractive option for various businesses. By recognising the...
Finally, as evidenced by real-world case studies, asset-based lending can empower businesses across industries to achieve their goals and drive sustainable growth. By dispelling misconceptions and...
Asset-based lending (ABL) is a type of business financing where a company uses its assets, such as accounts receivable, stock, equipment, plant & machinery, or property, as security to secure...
The process involves a lender evaluating the value of a company’s assets to determine the loan amount. The business pledges these assets as security, and the lender provides a percentage of the...
Asset-based lending is ideal for businesses that:...
The most common types of assets used in asset-based lending include:...
Key benefits include:...
Risks include:...
While both involve leveraging accounts receivable, asset-based lending uses a wider range of assets as security and typically offers lower interest rates. Factoring, on the other hand, involves...
Asset-based lending can be challenging for startups with limited or no assets to pledge as security. However, businesses with valuable intellectual property, equipment, or stock may still qualify for...
The timeline for funding depends on the lender and the complexity of evaluating the assets. Many lenders can provide funds within a few weeks, but most will work to the customer's time-related...
To improve your chances:...
Yes, alternatives include:...
Some lenders accept intangible assets like intellectual property or patents, though this is less common. The asset must have a clear market value and liquidity to qualify for asset-based lending....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/asset-based-lending-full-utilisation-of-all-a-companys-assets.html - The Benefits Of Blockchain And Their Application To Invoice Finance
Answering my previous question about the benefits of applying blockchain technology to invoice finance, I received this interesting summary from Jack Mitchell, a Regional Sales Executive at Close...
As promised I've listed below some of the use cases of Blockchain in invoice finance you may find of interest:...
Traditional financial systems operate with a centralised database, usually with a single point of authority. Blockchain technology, on the other hand, allows for a distributed database that holds an...
Due to the confidential nature of Invoice Discounting, with the end debtor not knowing of the funders involvement, a permissioned blockchain should be implemented. This means that the end debtor can...
I can also see scope later down the line once Blockchain is more widely adopted for the below:...
Summary: An industry wide distributed ledger of client KYC information. Realtime up to date customer data allowing multiple institutions to access and update....
Summary: Every loan comes with various pieces of legal documentation. Blockchain creates a paperless storage system where changes to agreements are in chronological order, time-stamped and stored in...
Whilst blockchain does present potential opportunities for the banking sector, due to the hyper-competitive nature of the FSO environment it does not come without threats via disruption. The...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/benefits-of-blockchain-and-their-application-to-invoice-finance.html - Benefits Of Supply Chain Finance
The principle benefit of arranging a supply chain finance facility for all your suppliers is that it enables your business to take a credit period from your suppliers, whilst they all get...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/benefits-of-supply-chain-finance.html - Beyond P2P The next wave of innovation in business finance
Interesting article, about the next wave of innovation in the Peer to Peer lending arena, mentioning MarketInvoice: Funding Xchange: Beyond P2P - The next wave of innovation in business finance....
My comment was as follows: "Delivering the "best available quotes" is definitely key, our extensive market research programme suggests that pricing is an important driver. The other issue though is...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/beyond-p2p-the-next-wave-of-innovation-in-business-finance.html - Is Anyone Developing Blockchain Invoice Finance?
If you are an invoice financer that has considered using blockchain / cryptocurrency please let me know....
I am interested to know if any of the existing factoring and invoice discounting companies are either developing a cryptocurrency, blockchain invoice finance offering or have looked into using...
I would also like to hear if anyone is experiencing a demand for this kind of currency support. If you have had any approaches from businesses looking for this kind of service (or not) it would be...
Recent research, posted by MarketInvoice on their blog (25/09/17), suggested that 21% of businesses surveyed expected to be using cryptocurrencies in 2018, next year. I was quite surprised at how...
I posted a while back about Populous, a new entrant that have launched an invoice financing offering that utilises Ethereum (one of these currencies) and I also wrote a blog post asking for someone...
If you are interested in reading about the benefits of invoice finance please see our new, free Invoice Finance Guide. It covers how it all works, pricing and a number of research snippets that are...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/blockchain-invoice-finance.html - PNB Paribas Moves Into Invoice Financing - Again?
I have just read an article in Finextra, dated just 2 hours ago, titled "BNP Paribas Moves Into Invoice Financing". It made me think for a moment, because I was sure that they were already active in...
According to the BNP Paribas Commercial Finance website, their history can be traced back to the creation of IFITALIA, in1963, Italy's first factoring company that apparently joined BNP Paribas...
So great that their new FINSY system is leveraging new technology to leverage the increasing digitalisation of transactions, but it is a move forward rather than a move into invoice financing....
There are of course several other UK invoice finance companies on the list that have also made moves to leverage the increased digitalisation of transactions over the last few years. I can't...
File upload facilities are now widely used by the majority of factoring companies - allowing a file of invoices and credit note records to be uploaded to your financier. The ability to upload of your...
If you would like to know more about the latest technology that is available, we would be happy to discuss it with you....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/bnp-paribas-moves-into-invoice-financing.html - Funding For Growth In Body Shop Car Crash Repairs
The body shop car crash repair sector is one that often uses invoice finance to fund their growth. There are specialist funders that deal with the body shop sector and the funding service tends to...
The most obvious difference with body shop invoice finance is that the prepayment level is often 100% of invoice values (less charges). This high level of prepayments can be achieved because the...
The second difference is that the finance arrangements tend to be very straightforward and quick to get signed up and funded....
Looking specifically at one of the car repair companies that we have funded, showed that their monthly turnover has increased by some 96% over the last 6 months, an impressive rate of growth. That is...
The cash released can be used for any purpose, including paying staff wages, paying suppliers for parts and supplies, purchasing equipment or to cover regular monthly expenses and garage bills....
Although you can use invoice finance for almost any purpose, including the purchase of new equipment, you might want to consider asset finance to assist with the purchase of machinery and equipment....
If you would like more details please contact Sean on 03330 113622 or apply for body shop invoice finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/body-shop-car-crash-repairs-growth-funding.html - Breakdown Of Funding Sources Used By High Growth Businesses
In our recent survey of 100 fast growth businesses (20% or more pa) we asked the respondents to tell us which sources of funding they used. Some respondents used multiple sources of funding and in...
Below is a breakdown of the funding sources used by a sample of randomly selected high growth businesses:...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/breakdown-funding-sources-high-growth-businesses.html - Business Development Manager Training Gap In Invoice Finance
Building on the recent theme of why the factoring industry isn't selling more invoice finance to new clients, I recently had an interesting discussion with a recruitment consultant that...
The recruitment consultant is convinced that there is a huge gap in the market for the provision of sales training to BDMs as the quality of the individuals putting themselves forward for sales...
Two points are of interest here. Firstly that there is a training gap in the sales function that feeds the factoring industry generally, but also that there are so many unfilled vacancies being...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/business-development-manager-training-gap-in-invoice-finance.html - Business MoneyFacts Asset Based Finance Broker Of The Year Application Submitted
I have just finished submitting our application to Business MoneyFacts for FundInvoice to be considered for the award of Asset Based Broker Of The Year 2015....
Fingers crossed!...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/business-moneyfacts-asset-based-finance-broker-of-the-year-application-submitted.html - Can You Provide Invoice Finance To This Plevin Lead
Are you an invoice finance company that may be able to provide invoice finance to this lead?...
If so please call Sean on 03330 113622 or CONTACT US...
This is a prospect that we are trying to help that is seeking an invoice finance facility. This is a broad overview of the proposition....
The invoice finance lead is a company, as follows:...
We have more details so please get in touch if you may be able to assist....
Call Sean on 03330 113622....
This is an opportunity for any invoice funders that are able to take a flexible view on providng a low preapyment to a prospect with a solid debtor base, despite modestly extended payment terms....
Their situation is such that they only need to raise funding against a small proportion of their debtor book, giving you a substantial sales ledger as security, against a proportionally small amount...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/can-you-fund-this-plevin-invoice-finance-lead.html - Change From Factoring To Selective Factoring
Frequently within the factoring arena, it is never a case of "one size fits all". We had a case with an existing client, a small recruitment company that we had found a factoring facility with a...
The issue for our client was that, as a new startup, they were finding their sales turnover sporadic, so the facility was not really ideal for them....
With a whole turnover arrangement the client submits all their sales to the finance company and they can also be subject to minimum levels of turnover each month, quarter or year. These minimums are...
The alternative is selective factoring, also known as spot factoring - where you pick invoices to have funded without any minimum commitment....
In this particular case, the customer's turnover was not large enough to justify their current facility, so we were able to help them move to a selective factoring company. With this type of...
If you are in a similar position, you might find benefit from our help switching from whole-turnover to selective / spot beneficial....
Article- More about funding recruitment agencies with invoice finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/change-from-factoring-to-selective-factoring.html - Cheap Invoice Finance For Sub 100K Turnover Businesses
Cheap invoice finance for sub £100K turnover businesses is being offered by one of our funding partners. This links neatly with my comments about how a certain crowdfunder was receiving a lot...
Our funding partner is offering a service fee starting from £199 (+ VAT where applicable) per month to businesses turning over less than £100,000 per annum. There is no separate discount...
This does provide a great option for the smallest of businesses that can often benefit greatly from having their invoices part paid immediately rather than having to wait for customers to pay after...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/cheap-invoice-finance-for-sub-100k-turnover-businesses.html - Compare Invoice Finance Prices With Other Forms Of Funding
If you are looking to raise funding for your business, price is likely to be one of your key concerns....
CHECK OUR FINANCE PRICES...
Similarly though, if you are already using any form of business finance a cost saving can come in very handy. We make it our business to save companies money on existing funding costs or quotes that...
We have been able to achieve some big savings in the past for clients....
If you are new to invoice finance, please see our free guide which will tell you all you need to know in order to get started. It also has links to some example prices that might be helpful. It...
The guide also has links to detailed product information about the vast array of product variations that are available and new variants are coming to market on a regular basis. Only a few days ago, I...
There are also new providers entering this market space on a very regular basis at present. They can often be hungry to acquire new clients, and hence prepared to quote fine rates which can benefit...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/compare-invoice-finance-prices.html - Construction Sector Finance Research - Applications For Payment
We have recently conducted some research into the construction sector and its finance requirements which I am going to publish....
Traditionally invoice finance companies didn't get involved with funding the construction sector but that has all changed. There are now a number of options for construction sector businesses...
One of the first questions we asked a sample of 100 randomly selected construction sector businesses was "do you raise applications for payment?". 75% of those questioned said that they did raise...
These are distinct from invoices and are one of the reasons why some invoice finance companies will not fund the construction sector. However there are funders that will provide early payments...
More results from our construction sector finance research will follow....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/construction-sector-finance-research-applications-for-payment.html - Contact Details For Invoice Finance Companies
I have been working on adding a number of direct response forms to our list of invoice finance companies in the UK. These give you the ability to either request that they call you back, or in some...
The contact request forms mean that if you want the contact details for an invoice finance company, just find them on the list and there will either be a link ot a page of information about them, or...
Of course we are happy to do all the work for our clients, and search the market to find them the most appropriate funders. There are so many offerings available now, differences in pricing and...
Over time I will be adding further information about the funders, but this is an important first step in putting our clients in direct contact with the invoice finance companies....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/contact-details-invoice-finance-companies.html - Contact Details For UK Finance
UK Finance is the banking and finance trade association, formed on the 1st of July 2017, that took over the operations of the Asset Based Finance Association (ABFA), which was the trade body for the...
Their contact details are shown below, and there is also a link to our own invoice finance complaints guidance....
Below are the contact details for UK Finance:...
Address: UK Finance, 5th Floor, 1 Angel Court, London, EC2R 7HJ...
Contact form on the UK Finance site....
If you have an issue with an invoice finance company please read our invoice finance complaints guidance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/contact-details-uk-finance.html - Funding Contra Accounts
Contra trading accounts are customers who are also suppliers. This can occur when you purchase from a company that you also supply as a customer....
An example might be a company that you sell finished products to, but also occasionally buy some raw material from. It is also sometimes seen in the haulage industry. It can occur in any sector where...
The result is that there may be a sales ledger balance, but also a purchase ledger balance for a contra trading customer. This means that the sales and purchases could be offset, such that the net...
This is a concern to an invoice discounting or factoring company as these contra balances are potential dilutions to the value of your sales invoices. If they are funding against your sales invoices...
If your funder disapproves a contra account for funding i.e. won't fund at all, you could see if an alternative funder will take a different approach. Or you could ask your existing funder to at...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/contra-account-funding.html - CPE Credit Protection Element Refunded Offer
Another offer for clients from one of our funding partners. If you are looking for bad debt protection (also known as non recourse), you will pay what is called the CPE or Credit Protection Element...
Under the terms of this promotion, our partner is offering to refund the first 6 months CPE charge to new clients, in return for them entering into a 24 month agreement. So effectively, you will get...
To qualify you must take out a new invoice finance facility with them, and have a maximum debtor concentration of 40%. This offer does not apply if you have more than 20% export sales on your ledger....
For full details of the terms and conditions, please contact us or call Sean on: 03330 113622 and he will put you in touch with our funding partner. This offer may be withdrawn at anytime, and our...
Bad debt protection gives you peace of mind should your customers become insolvent and hence fail to pay you. The provider will credit check your customers for you, undertaking all the reseach on the...
The provider will then set credit limits for each of your customer accounts. Providing your invoices fall within the agreed credit limit, they will be covered and you will have 100% protection...
If a customer should become insolvent, the provider will deal with the insolvency practitioner saving you time and hassle and the process could be resolved within as little as 2 weeks....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/cpe-credit-protection-element-refunded-offer.html - Crowdfunding Small Businesses And Alternative Finance
I have been receiving online adverts from a certain well-known crowdfunding platform via social media - they seem straightforward enough, funding for businesses with an annual turnover of at least...
1) Businesses Turning Over £100,000 Per Annum Don't Need Funding - this has been posted time and time again by people on the crowdfunding advert - comments like "if I was turning over...
2) Why Don't They Help Small Businesses? - again this has been posted repeatedly. Firstly, clearly, that is a choice this particular crowdfunder has made - to finance businesses of a certain...
3) What Are They Doing With The Rest Of The Government Money? - all the ad does is to draw attention to the fact that the crowdfunding has been allocated a small proportion of an overall government...
For me watching the comments has been a sad reflection on firstly how many people don't understand the funding needs of medium-sized businesses and secondly how untrusting people can be of what...
See our article about alternative business finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/crowdfunding-small-businesses-alternative-finance.html - Day 2 Of The #TalkIF RBS Invoice Finance Live Twitter Discussion About To Start
The second day of the #TalkIF live twitter discussion, hosted by RBS Invoice Finance, is about to start....
Its all about how business leaders achieved their business goals....
Just tweet with the hash tag #TalkIF...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/day-2-of-the-talkif-rbs-invoice-finance-live-twitter-discussion-about-to-start.html - Deal Completed Alternative Invoice Finance For A Larger Business
We have recently been able to help a larger business, turning over £8 million per annum, find an alternative invoice finance facility in order to deliver a cheaper facility that would also...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deal-completed-alternative-invoice-finance-for-a-larger-business.html - Deal Completed Invoice Finance Costs Reduced By GBP350 Per Month
This is an example of the cost savings that can be achieved by moving between invoice finance companies....
We were able to assist a client of a bank owned invoice finance company that were looking to save some money on their invoice finance costs....
We found them a deal which will reduce their invoice finance costs by £350 each month, a saving equivalent to £4,200 per year, a good saving in the cost base of any business....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deal-completed-invoice-finance-costs-reduced-by-350-per-month.html - Deal Completed Invoice Finance For A Packaging Company Growth
A small packaging company were recently found an invoice finance facility....
The company wanted the invoice finance facility to support the future growth of their packaging business....
Packaging is a straightforward sector for invoice finance companies to support. The simple nature of the product makes it highly suitable for financing....
Invoice finance will support their future growth by releasing a percentage of each invoice that they raise immediately the invoice is produced. This means that they will not have two wait to be paid...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deal-completed-invoice-finance-for-a-packaging-company-growth.html - Deal Completed Invoice Finance For New Start Carrier Business Overdraft Not Available
Another case study, this time for a small new start carrier business based in Yorkshire. This was a classic case of a new-start business that needed working capital but had been unable to secure the...
We were able to help by finding the startup business an invoice finance deal that will allow them to generate the working capital they need to cover costs such as fuel, staff, vehicle leasing etc....
Invoice finance is freely available to start-ups and new start businesses that have no trading history, no financial accounts, no tangible assets and no tangible net worth....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deal-completed-invoice-finance-for-new-start-carrier-business-overdraft-not-available.html - Deal Completed Invoice Finance To Fund Growth Beyond Overdraft Restrictions
This recent invoice finance deal completed was a cleaning solutions company that were looking for growth finance but their bank overdraft was restrictive and their bank were unwilling to increase...
We conducted a free, independent invoice finance quotation search for them and found them an invoice finance deal with an independent invoice finance provider that are part of a large well known...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deal-completed-invoice-finance-to-fund-growth-beyond-overdraft-restrictions.html - Deed Of Priority For Chargeholders
Factoring and invoice discounting often work well when combined with other forms of lending. Often an invoice financier will seek to take a charge or debenture over their client's business in...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/deed-of-priority-for-chargeholders.html - A Detailed Explanation Of Invoice Dilutions.
Invoice dilutions are any factors that reduce the value of a sales invoice. This is important to invoice finance companies as they look to your outstanding sales invoices as security for any...
If an invoice is for say £1,000, you would expect that your customers will pay you £1,000, once the invoice falls due. An invoice finance company will provide funding against that value....
However, if something occurs to dilute the value that the customer pays, a dilution, the value received will be less than the face value. The amount that is deducted, determines how diluted the...
Therefore, dilutions are quantified by funders, before they agree to fund against your invoices and set your prepayment percentage....
These dilutions to the invoice value may be legitimate e.g. a dispute due to poor quality, or a discount correctly taken. However, them may not be legitimate e.g. an early payment discount deducted...
Below is a detailed explanation of the various invoice dilutions that can occur:...
It is also worth adding a note on debtor quality. Even if there are no dilutions identified against the value of your invoices, funders will be very interested in the quality of the businesses that...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/detailed-explanation-of-invoice-dilutions.html - Direct Access To Invoice Finance Companies
One of the aims of our FundingVoice magazine is to give customers direct access to invoice finance companies. Therefore we have developed a system of direct contact links whereby either an...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/direct-access-to-invoice-finance-companies.html - Discounting Finance
Discounting finance is also sometimes known as receivables finance. It provides a cash prepayment against the sales invoices that are outstanding to your customers, which can also be called your...
It usually refers to invoice discounting, which is the provision of funding against invoices, but with the client retaining the credit control function in-house. There are many types of invoice...
If you are looking for discounts on the cost of finance, we are able to help you find quotes. We deal with a broad range of different discounters so we have access to the latest offers and discounts....
Read more about: Understanding How Much Finance You Need...
FundInvoice have just been regular award winners. We have been able to find our clients significant average savings against the cost of quotes that they have sourced elsewhere. We don't charge...
If you are looking for examples of typical rates that you might expect to pay, we have some examples in the guide mentioned above, of the pricing for different sizes of business. Please consider that...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/discounting-finance.html - Eat Out To Help Out Scheme Cash Flow Problems
I noticed a recent social media post from one of our local restaurants who had originally signed up for the Government's "Eat Out To Help Out" scheme (EOTHO), saying that they would not be going...
The post explained that they were not going to go ahead with it because it effectively meant they had to wait 12 days for the Government payments, equivalent to 50% of their food sales that were...
With an invoice finance facility, when new invoices are raised the user receives an immediate prepayment from the funder, smoothing out cash flow issues. The balance of the invoice is paid to the...
Under the EOTHO scheme, diners in cafes, restaurants, pubs and some other establishments are given up to £10 per head off of their restaurant food purchases (excluding takeaways), by way of a...
At the present time, the scheme is available on Mondays Tuesdays and Wednesdays between the 3rd and 31st of August. Diners are able to use the scheme as many times as they like. There are no vouchers...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/eat-out-to-help-out-scheme-cash-flow.html - Education Finance And Education Cash Flow
There are a few invoice finance companies that are now able to offer Education Finance....
It is offered to education providers, such that they can receive an advance and secure a line of credit against their funding payments. The funding payments are received from Government, so from the...
This kind of funding means that education sector organisations don't have to wait around for the Government to provide funding, before they can access some of that money, drastically improving...
If you would like more information about Education Finance please contact us or call Sean on: 03330 113622 ...
If you are in another sector outside of education but are having problems getting paid by local authorities we have put together some general advice for you about chasing local authorities for...
If you are not being paid promptly enough, and you want to improve your cash flow. funding can be provided against invoices to both Government and non-governmental debtors, across most industry...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/education-finance-education-cash-flow.html - Everything You Need To Know About Invoice Finance All In One Place
A new article: Everything You Need To Know About Invoice Finance All In One Place....
Literally, everything you need to know all pulled together into one directory page....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/everything-you-need-to-know-about-invoice-finance-all-in-one-place.html - Can Anyone Explain The Benefits Of Cryptocurrency Invoice Finance
Can anyone explain the benefits, to an average SME, of using blockchain cryptocurrency invoice finance?...
The important distinction here is the benefits to the SME using the facility, rather than the investors backing the service and the benefits of cryptocurrency over and above the normal benefits of...
I have watched with some interest two recent developments in the invoice finance arena. Two new invoice financing platforms have launched, focused on the use of cryptocurrencies as their USP (unique...
Cryptocurrencies are standalone units of digital currency, that can be moved between parties, with all transactions being recorded on what is called the "blockchain". In this way, there is no need...
The anonymity has made cryptocurrency popular with criminal elements, such as those behind the recent payments demanded from the NHS (and others) in respect of ransomware that held some of their old...
I have read how one of the benefits is making an invoice unique such that it cannot be sold twice (a benefit for the investors rather than the SMEs using the service). This is an age-old problem...
Secondly, I can see that if you, the SME business, happen to hold or need cryptocurrency it might be an attractive idea. However, I have never heard of any of our prospects or clients using...
I can see the attraction to investors who have seen the almost bubble-like rise in the value of these cryptocurrencies - I can see that perhaps they want to invest in the hope of further gains. So...
So I come back to my initial question. Please can someone explain the benefits of cryptocurrency invoice financing to the average UK SME e.g. a recruiter, printer, haulier or manufacturer? Feel free...
Product information: SME Invoice Finance...
Blog Post: Using Blockchain To Reduce Invoice Finance Fraud...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/explain-the-benefits-of-cryptocurrency-invoice-finance.html - Factoring Accountancy Services To Dentists
We have arranged a small factoring facility for a firm of accountants that provide services mainly to dentists and dental practices....
Invoice finance can be very helpful to accountants who want to improve their cash flow (or who want their clients to benefit from the service): Invoice Finance For Accountants....
Their issue was that they offered their accountancy services to their customers but needed payment by direct debit immediately, due to cash flow constraints. They wanted to be able to offer their...
Trade credit is common within the UK with most purchasers expecting to receive a minimum of 30 days credit before having to pay for their supplies and services. This gives the customers a chance to...
We were able to assist them by arranging a factoring facility with an independent invoice finance company. The facility provides prepayments against credit invoices to customers, which makes it seem...
The factoring service comes with a credit control service included. This means that the user no longer has to chase their own sales invoices for payment, the factoring company will do this for them....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/factoring-accountancy-for-dental-practices-dentists.html - Factoring Examples
Below I have set out some factoring examples so that you can see exactly how the product works....
GET A FACTORING QUOTE...
Below are a variety of examples of situations where factoring can fit your business....
If you are not currently using the product, any outstanding customer invoices can be immediately turned into cash, boosting the working capital available to your company....
A good example of this was a recent case where a company needed to raise some finance in order to buy out one of the company directors. We were able to use factoring, despite this company operating...
A worked example of how the funding operates is as follows. If you have a sales ledger of say £100,000 of outstanding customer invoices, a factor may be able to release say 85% of that value to...
Another good example of why factoring can be beneficial is in preventing your company from suffering a bad debt because a customer becomes insolvent. This may be particularly poignant at present as...
We have arranged a number of factoring facilities for businesses within the recruitment sector. In many cases, they are dealing with RPO organisations. These are large recruitment organisations that...
In some cases, we have arranged non-recourse factoring facilities for such clients, so that they are protected against any potential insolvency-related failure, of these RPO organisations. If such a...
Another good example is the use of spot factoring to avoid minimum charges. There are case studies on our website which explain how we have helped customers move to selective factoring, in order to...
If you are seeking to learn more about the cost of factoring, we have extensive information regarding pricing, for particular factoring examples....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/factoring-examples.html - Factoring Help
If you need factoring help you are in the right place....
To speak to a finance expert please call Sean on: 03330 113622 and he will be able to help you....
Factoring is the term used to describe a range of financial services that are used by businesses that sell to other businesses on credit terms. The services improve their cash flow and remove or...
Funding is provided against the unpaid credit invoice. This means there is no need to wait for debtors to pay, before being able to spend the cash that is tied up in unpaid invoices....
A credit control service is provided. The exact terms will vary between providers, but in some cases it is a fully comprehensive service such that you will no longer need your own credit control...
There are other optional extra services that can be included, but are not required for it to be considered a factoring facility. These include bad debt protection, that shields your business against...
Confidentiality is also an option. This means that the credit control is undertaken in the name of your business, so that your use of the facility remains "confidential" from you customers. If you...
For more help understanding the product variations, we provide help with all the types of factoring on our site....
If you were looking for help with mathematical factoring, we also have resources that will assist you....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/factoring-help.html - Factoring Insurance Company Invoices For Car Crash Repairs
The benefit of factoring car crash invoices raised to insurance companies is that it provides a very secure invoice for the factoring company as they are confirmed as payable by the car insurance...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/factoring-insurance-company-invoices-for-car-crash-repairs.html - Factoring Recruitment RPOs
Recruitment businesses have always been prime candidates to use factoring. However, in recent times there has been a rise in the number of recruitment deals that involve RPOs. These are large...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/factoring-recruitment-rpos.html - Fast Funding For Your Business Within 7 Hours
Fast business funding is explained in this short video which demonstrates how we arranged funding in just 7 hours from enquiry to cash in the customer's bank account:...
Please see our free guide to invoice finance, which explains how invoice funding works. Not all facilities can be completed so quickly, however we are generally able to meet the speed requirements of...
If you are within the car crash repair sector, dealing with insurance company debtors, we can organise rapid funding for your business. This can be within hours, if required. We explain how the...
If you want to know how long it is likely to take, to get your invoices funded, we will be able to let you know, once we understand your circumstances. We have not had any instances where we have not...
Selective invoice finance is often able to be established very quickly. Some providers don't ask for the same levels of security that we see with full ledger funding (although this is not...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fast-funding-for-business-within-7-hours.html - Faster Payments In Recruitment
Our new article about payment delays in the local recruitment sector, shows that more than half of them want to get paid faster. Late payments seem to be creeping into all sectors, even those with...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/faster_payments_in_recruitment.html - Fed Up With Your Bank Owned Factoring Company
We had an enquiry recently from a company that was already using a factoring service from a bank-owned factoring company. They were so fed up with the lack of service and the lack of funding that...
To illustrate how bad the situation was, they mentioned a large schedule of debt that they had just submitted to their funder the previous week. They initially received just 6% funding against their...
After some effort, they managed to get the funding increased to a more respectable amount, however, they felt that the facility was becoming too troublesome and time-consuming to be worthwhile....
The first issue that we discussed with them is the concept of replacing a revolving credit facility, such as invoice finance, with a loan. The loan is for a fixed amount that decreases as it is...
The other aspect to consider is that there are huge service differences between factoring companies, not to mention pricing differences (we found a 165% pricing differential between the most...
If you are fed up with your bank-owned factoring company, let us help you find an alternative. Call Sean on: 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fed-up-with-bank-owned-factoring-company.html - Finalists
OK, no gong but pleased to be finalists in the Business MoneyFacts Awards 2015...
??...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/finalists.html - Finance For Shops
Many people think that invoice finance companies are not able to fund the retail sector, shops etc. However, some of them are. There are specialist retailer finance products that provide finance...
For more details: Shop finance...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/finance_for_shops.html - Find Funding Or Finance For A Large Business, Large Company Or PLC
If you are a large business or large company we can help you find large amounts of finance or funding and we are aware that you will need that funding to be provided at fine rates that reflect the...
We have dealt with businesses turning over up to £250 million per annum and all points in between. Our business finance quotation search service is still free even for large companies and we...
We have access to a panel of specialist finance houses that deal with large businesses, large companies and PLCs (public limited companies). Many of our panel are recognisable household names but we...
Our panel can provide funding against all the assets of your business - ABL or Asset Based Lending is often more common amongst larger businesses where there is a need to raise finance against all...
Various reasons could lead a large business to seek additional finance or funding and we can help you with these, they may include:...
In all the above cases we can help you find funding alternatives....
Often large businesses will seek finance via their accountant however our research suggests that many accountants may only deal with a narrow range of finance companies. Our specialist service will...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/find-funding-finance-for-a-large-business-company-plc.html - First Invoice Finance Deal Of 2016
Our first invoice finance deal of 2016 is on the book. Additional funding was required due to restrictions on the prime debtor. Let's hope it's the first of many this year....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/first-invoice-finance-deal-of-2016.html - Formula 1 Grand Prix Article
Sean Morrow has written an article explaining the formula 1, grand prix analogy that can be applied to sales and invoice finance companies within our market. Hopefully it will resonate with any...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/formula-1-grand-prix-article.html - Free Business Finance Information Pack Available From FundInvoice
FundInvoice have a new free, business finance information pack, in PDF format which is now available to download: Free Business Finance Information Pack...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/free-business-financeinformation-pack-available-from-fundinvoice.html - Funding Above Credit Limits
A meeting the other day with an invoice finance company reminded me that a common issue for some clients is only being able to receive funding against invoices up to the credit limit on a particular...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/funding-above-credit-limits.html - Funding Against Excluded Debt
Are you missing out on vital funding due to exclusions from your receivables financing facility? It often happens that some sales will be treated as "exclusions" from a facility. This can also be...
In an email received from our funding partners at Kriya, they describe a problem that they regularly come across, whereby clients are having their funding limited due to debts being excluded from a...
CONTACT KRIYA...
Debts are often excluded from factoring or CID facilities for various reasons including export sales (sales may be in foreign currency or to overseas debtors), extended credit payment terms or that...
The solution that Kriya (and some other selective providers) can offer is to leave the existing invoice finance arrangement in place, and fund solely against those excluded debts. This could create...
Kriya will carve out this excluded debt and fund it on a Selective Invoice Discounting (SID) basis, providing the existing funder gives permission for them to fund the debt, and undertakes not to...
There are also other providers that are prepared to offer this kind of arrangement if Kriya is unable to accept and fund a particular excluded debt. There are also additional products that can be...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/funding-against-excluded-debt.html - Funding For A Manufacturing Company
There is an established connection between manufacturing companies and the use of invoice finance to improve their cash flow....
Looking at the UK finance figures for the asset-based finance industry, to the end of 2018, manufacturers make up 25.5% of their member’s clients....
The key reasons why invoice finance works for manufacturers is that within a manufacturing business, there are significant costs which need to be met from cash flow....
A manufacturer will be a business that takes raw materials and turns them into a finished product. This gives rise to a number of costs, some of which are not common to other kinds of businesses,...
Raw materials may be purchased on a credit account basis, from suppliers, but business that is growing may require more materials than their cash flow will enable them to purchase....
The other key facet of a manufacturing business is that they are often pressure to provide credit terms to their customers, irrespective of the product that is supplied. This wait to be paid, can...
The key benefit to any manufacturing business, of using factoring or invoice discounting, is that these facilities release the value of unpaid customer invoices immediately they arise. This means...
When you are working with narrow gross profit margins, because of the need to purchase role materials and pay staff, getting access to that cash as early as possible can be a significant benefit....
With a factoring option, the manufacturer will also benefit from a credit control service, provided by the funder. This can have cost benefit advantages as you don't need in-house credit control...
If a manufacturing company is exporting to overseas territories, this can also be funded and collected within a factoring arrangement....
If the businesses dealing with customers where bad debts are a potential problem, there are bad debt protection options available, which to be added to all facilities....
Please contact Sean on 03330 113622 for more information about invoice finance for manufacturers....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/funding-for-a-manufacturing-company.html - Funding Hotel Bills To Corporate Debtors
Many are not aware that some of our funding partners are happy to fund #hotel bills to corporate customers. This can be helpful with the cash flow of a hotel as often they will have to wait for their...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/funding-hotel-bills-to-corporate-debtors.html - Funding Invoices For Body Shops
If you are a body shop, undertaking crash repairs that are billed to insurance companies, you may be waiting 60 days or more to get paid for the work that you undertake....
You don't have to wait to get paid, you can sell those invoice for their full value (less a small charge for using the service) and get your money in 24 hours. You will not have any further...
Funding invoices for body shops is a simple service that requires no company debentures and no personal guarantees. Bad debt protection is provided as standard so once you sell the invoice, it...
It works in the following way. Once you complete a crash repair, you raise your invoice to the insurer, you submit the following documents to the invoice finance company:...
You receive the value of the invoice (less the charge) the following day. The invoice financier takes on the task of recovering the money from the insurance company, once the invoice becomes due. You...
The fee is typically c. 3% of the invoice value (we can get you a quote for your company - see below) - that's the total cost of selling your invoices. There are no other charges, no set up...
The benefits of body shop factoring are as follows:...
GET A QUOTE FOR BODY SHOP INVOICE FINANCE...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/funding-invoices-for-body-shops.html - FundingVoice Magazine - December 2015 - 100% Invoice Finance Funding For Life
Read the latest version of the magazine here: FundingVoice Magazine - December 2015 - 100% Invoice Finance Funding For Life....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundingvoice-magazine-december-2015-100-invoice-finance-funding-for-life.html - FundingVoice Magazine Next Edition
The next edition of FundingVoice magazine is about to be sent out. If you want to subscribe, its free, just go here: Subscribe Free To FundingVoice Magazine...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundingvoice-magazine-next-edition.html - FundInvoice | First "Golden Hello" Quote Is For £4,000 To Be Paid In Advance
Our first quote under the "Golden Hello" offer was for a saving of £4,000 to be paid in advance to our client! Brilliant news: FundInvoice | First "Golden Hello" Quote Is For £4,000 To Be...
The offer applies to savings of up to £10,000. See the above news page for details and full terms....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundinvoice-first-golden-hello-quote-is-for-4000-to-be-paid-in-advance.html - FundInvoice LLP Launched - New, Free Invoice Finance, Factoring & Invoice Finance Quotation Search Service
I have launched FundInvoice LLP, a new invoice finance brokerage, with my business partner Sean Morrow....
FundInvoice will offer a free, independent quotation search service for invoice finance, factoring, invoice discounting, trade finance and asset finance offering a completely personal service....
An exciting new project to get off the ground, the website is under construction but should be up and running shortly. We will have a new, free funding related monthly publication so details of that...
In the meantime if we can help anyone with a free quotation search for invoice finance please contact us on: [email protected] and we will be only too pleased to help....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundinvoice-llp-launched-new-free-invoice-finance-factoring-invoice-finance-quotation-search-service.html - Our Personal Service To Find You Invoice Finance
Personal service is something that is in short supply these days, but that is exactly what the small team at FundInvoice offers. We provide a personal service to find you the best invoice finance...
For personal support please call Sean on 03330 113622....
We are a small team, our partners Sean and Glenn, have known each other since starting in finance back in the late 80s. We have worked together for many years. We are specialists in invoice...
We don't charge you anything to use our service. If we find you a facility, we receive a commission from the provider - and before you think "That will make it more expensive", you should know...
In addition to having worked with a range of different invoice finance companies, in various capacities, we have an ongoing programme of market research to stay abreast of the latest offers,...
When you call us you get through to one of us, a partner, someone that can help you. We prefer to talk to customers, rather than just use data from a form to match you with a funder....
Whilst some of our competitors have moved towards a comparison style online systems, our customers speak of the benefits of dealing with us on a personal basis. That is why they have rated us very...
These are some of the things customers have said about us:...
If we can help you find what you need, please don't hesitate to call us on 03330 113622. We are independent of all the providers, and you will have no obligation to go any further....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundinvoice-offers-a-personal-service-to-find-invoice-finance.html - FundInvoice Saved A Client 4K Of Invoice Finance Costs
FundInvoice have just saved a client circa £4,000 of invoice finance costs, per annum, by conducting a market search for quotes. More details of this case will follow shortly. On average we...
Updated average cost savings is now: ...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/fundinvoice-saved-a-client-4000-of-invoice-finance-costs.html - Get Invoice Finance Fast
Sometimes new customers need to get invoice finance fast, as quickly as possible. In some cases, speed is not the key priority, but we aim to provide a very fast turnaround in case you need it....
Yesterday, was a great example of the speed of service that we can provide. We received the first enquiry of the new year, from a company looking for selective invoice finance against some...
The enquiry was received just before office closing hours yesterday, within half an hour we contacted the prospect, to clarify exactly what they were looking for, and within an hour of other offices...
Related content: Video About How Long It Takes...
The prospect told us that he had already contacted another, well-known invoice finance brokerage, and a well-known selective invoice finance provider directly, via the Internet. However, when...
Even where a quick response is not necessarily a client's top priority, it can help you stand out from the competition....
If you need a quick response, please get in touch or call Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/get-invoice-finance-fast.html - New Home For Glenn Blackman's Invoice Finance Blog
This is now the new home for Glenn Blackman's Invoice Finance blog! Previously my blog was running on its own domain, glennblackman.co.uk but we thought it would be neater to move everything to...
All the old content is now on this site, in the archives, and we will continuing to add new content. All our guest blog posts have also been moved to this site, let me know if you need help finding...
You can get in touch with me via the "Call me back" function which should be to the right of this post (or below it if you are using a mobile)....
Thanks for reading....
Glenn...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/glenn-blackman-invoice-finance-blog.html - Growth Street Another New Selective Invoice Finance Company
There have been a number of new selective invoice finance companies entering the market over the last few years. At Accountex I met another entrant to that marketspace, Growth Street, who have been...
There is now so much choice within the selective IF market that customer will have difficulty making a choice - and as we see time and time again, its not just about who is the cheapest....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/growth-street-another-new-selective-invoice-finance-companies.html - Have you been turned down for invoice finance as you are not a home owner?
We have recently seen a slightly concerning rise in the number of invoice finance, factoring and invoice discounting companies that are asking for clients to be home owners in order to receive...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/have-you-been-turned-down-for-invoice-finance-as-you-are-not-a-home-owner.html - Sole Debtor RPO Funding For Healthcare Recruiter
Healthcare recruitment is a sector in which we have been able to help many businesses with their cash flow. A facility that we recently completed was to provide funding against a sole RPO debtor, a...
Recently, we have enjoyed some success in helping people who need invoice finance against neutral vendors (umbrella recruiting organisations)....
In this example, our client was a small but expanding healthcare recruitment company that only had one customer, and didn't anticipate that changing in the near future. Often invoice finance...
This recruitment company provides staff on both a temporary and a permanent basis to end customers such as:...
However, that labour was being provided via an intermediary organisation, called a neutral vendor. They take care of all the staffing requirements for large organisations that don't want to deal...
The types of staff being provided include:...
In this case, our client had a sole debtor. This reliance upon a single debtor may be a problem for many invoice financing companies, especially when the situation is not likely to change in the near...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/healthcare-recruiter-gri-sole-debtor-funding.html - Hedging Funding Risks Do Not Discount Your Options
A key part of running your own business is identifying risks and mitigating them, always hedging your bets....
We had an interesting example recently with a prospective client that almost lost out by discounting quotes for business financing, believing that they had their requirements covered by other lenders...
In this particular example, the client already had two providers that had outlined indicative terms (both were companies that we deal with but we didn't think they were likely to accept the type...
Our client received quotes from our lenders and initially discounted both of them on the basis that they were more expensive than the quotes they had already received. We counselled our client not to...
The conversation was left there but during the process, we spoke to our own contacts at the two providers the client had sourced themselves, and without disclosing the client's details we...
Interestingly, we had a call from one of the providers that we introduced to say that the client had re-initiated contact with them after the providers sourced by the client both withdrew their...
Lots of invoice finance companies will provide indicative terms without a detailed risk analysis of a proposition. Until you have accepted a formal offer, and all the steps in their sales process...
Our advice is that you hedge your bets, and mitigate the risk that your chosen provider withdraws their offer. Don't discount any offers, or providers, until you have a "done deal"....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/hedging-funding-risks-discounting-quotes-business-financing-options.html - Help Paying VAT Bill
I am just working on our quarterly figures for the VAT return - my least favourite job! However, we always put aside the VAT money so that we have it there to pay HMRC on time. Many businesses...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/help-paying-vat-bill.html - Help With Invoice Finance Funding Restrictions
Funding restrictions can be a problem for some businesses using invoice finance. There are several ways that restrictions can arise, and there are many possible solutions. Not all funders will apply...
For help with funding problems please call Sean on 03330 113622....
Funders constantly review their client's accounts, and they can apply funding restrictions at any time. The objective of this is usually to better manage their risk. However, the consequence is...
Restrictions can be applied in several ways:...
The events that can lead to restrictions include the following:...
Some of the issues that could give rise to restriction can include:...
The obvious solution is to talk to your funder, identify what the issue is, and see what you need to do to have them remove the restriction. For example, bring the debtor ageing up to date, or...
If you are unable to resolve the issue with your existing funder, there may be an alternative provider that will take a different view and be more flexible with your funding formula....
Case Study - Help with funding restrictions against RPO debtors....
Research - Comparing invoice discounting funding percentages. ...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/help-with-funding-restrictions-invoice-finance.html - Help With Invoice Finance Prime Debtor Problems
If you have one single customer, or perhaps just a handful of customers, it can cause you problems with your invoice finance facility....
Some factoring companies like to restrict funding in respect of prime debtors (the biggest customer balances on your sales ledger). This can lead to all sorts of cash flow problems for the client. We...
The positive news is that some facilities are tailored to deal with prime debtors or even single debtors. So often its a case of finding the right provider that can help with invoice finance prime...
Invoice financiers like a spread of debtors on their client's sales ledger. This puts them in a safer position should they ever need to collect out the ledger to recover the money that they have...
If there are several customers on a sales ledger that risk is mitigated. If one customer fails, there are others that will may still pay and enable the finance company to recover its advance....
There are also potential problems for your business when you are dealing with a single customer, or a handful of customers....
If you are reliant on one or two customers, a late payment due to holidays, cash flow problems or a dispute could be catastrophic for your company. Using invoice finance will mitigate that risk, and...
If the customer goes bust you could lose your ability to collect in any of your outstanding invoices, and to bill for the work that's currently in progress. Again you could seek bad debt...
If you only have a few customers, your business might not achieve its full potential in terms of growth. There is a lot you can do to market your own business, but you may want to consider some...
When you only have one or two customers you never feel that you are in a secure position. If any of the issues above occur it can spell the end of your business. Security comes from having a spread...
The key to managing large debtor concentrations is to try and avoid them becoming problems. The best way is to seek further customers. You may have tried this yourself without success, so perhaps you...
In summary, if you have a prime debtor situation:...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/help-with-invoice-finance-prime-debtor-problems.html - Hitachi Capital Invoice Finance Letter Of Recommendation
It's always difficult to know who to trust when you deal with businesses through the web. FundInvoice wanted to make sure that potential customers had the ability to verify their credentials so...
To help build the trust of potential customers we have added a series of letters of recommendation from well known organisations that most people will recognise....
This is an example: Hitachi Capital Invoice Finance Letter Of Recommendation...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/hitachi-capital-invoice-finance-recommendation.html - How Do You Calculate Your Prepayments And Availability
If you are using receivables financing, such as factoring or invoice discounting, it can be difficult to understand how to calculate your prepayments and availability. Below we have set out a generic...
If you have a particular problem with any element of the funding formula used by your invoice finance company, note that other funders may be prepared to take a different view. We have helped many...
Prepayments are the advances that an invoice finance company give you against your invoices i.e. the funding....
Availability is the amount of funds that are available for you to draw down from your funder. This will be the balance of the prepayments that are due, less the amount of funds that are already in...
Funds in use, or your current account, refers to the combined total of all the prepayments you have drawn and any charges levied on your account - this is the amount you owe the funder at any given...
Your offer letter or agreement should specify the prepayment percentage that is being applied. For example, this could be 85% of the invoice value. So an invoice for £100 should generate...
The balance of the invoice values becomes available to the client when the debtor pays....
In some cases e.g. car body repairs, the funder purchases the debt outright, at a 100% funding percentage, less charges....
Below are some of the deductions that may be applied....
Some invoices are either excluded from the facility e.g. cash sale proforma invoices, or they may be disapproved e.g. specified classes of transaction e.g. sales of a particular type, to a particular...
Debts beyond a certain specified age may also be ineligible for funding - the point at which they become ineligible differs between funders....
The rest of the invoices are approved, also called approvable....
Related Content - See this case study about Increasing Funding Levels From Invoice Discounting....
Many funders write credit limits (also called funding limits) on debtors, only invoices up to the value of the limit may be eligible for funding. Some don't use debtor limits, they just fund the...
A prime debtor restriction is commonly set (although not in all cases) that restricts the amount of funding against one or more significant debtors. There is a detailed explanation of how prime...
All manner of other types of reserve are possible, these are deducted from your availability. These could be set amounts or percentages. They could be for all sorts of reasons e.g. a general reserve...
There may be a facility limit, also called a payment ceiling in some cases. This is the maximum value that the current account is allowed to reach at any given time. Most funders are flexible about...
So the total prepayment value may be £100,000. If you already have drawn say £80,000 (the funds in use or FIU amount - also called your current account in some cases), then £20,000...
This article should have explained how you calculate prepayments and availability. However, if you have more questions or need comparative quotes please contact us on 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-do-you-calculate-prepayment-availability.html - How Does Factoring Improve Your Cash Flow
Improving cash flow can be a major dilemma for a business. Often money is just not being received fast enough to meet your outgoings in a timely manner....
The effects of having poor cash flow and flow of money through a business may include:...
If your cash flow gets too bad, creditors such as trade creditors (that you purchase supplies from) or HMRC could end up taking legal action against you, and that could ultimately wound up your...
The main way that factoring improves business cash flow is by bridging the gap between raising invoices (or applications for payment in some sectors such as construction) and receiving the money in...
There are some other ways that factoring can improve the cash flow of your business. Firstly, you normally receive a credit control service as part of a factoring package. This can have a number of...
Secondly, using a professional credit control service often improves the efficiency of your debt collection. The process used is likely to be well structured to maximise effectiveness, and often just...
So hopefully that has explained how factoring improves cash flow. If you need some general tips about improving cash flow see our related article. We also have an article that sets out a detailed...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-does-factoring-improve-cash-flow.html - How Green is Your Invoice Finance?
How green is your invoice finance deal? There are options that reduce the carbon footprint, by virtually eliminating paper, and hence reduce your environmental footprint: How Green is Your Invoice...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-green-is-your-invoice-finance.html - How Invoice Finance Companies Calculate Prices, Charges & Funding
A new article setting out, with examples, how invoice finance companies calculate:...
How Invoice Finance Companies Calculate Prices, Charges & Funding...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-invoice-finance-companies-calculate-prices-charges-funding.html - How Long Does It Take To Get Invoice Finance?
You may be wondering how long it takes to get invoice finance, but the time required is normally very much driven by you, the client....
If necessary, the whole process of getting invoice finance can be arranged within a few days. However, the speed of the process tends to be dictated by our client....
We have just had an example of a business for who we arranged invoice finance and they have taken several months to activate their facility as their cash flow requirements clearly vary from month to...
In another recent example, the client wanted the facility established fairly quickly so it was set up within two weeks....
In all cases, the speed with which the invoice finance facility is arranged is driven by our client....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-long-does-it-take-to-get-invoice-finance.html - How To Get Invoice Loans And Dispelling Common Misconceptions
We often hear the term "invoice loan" from prospective clients seeking business funding....
However, they normally want invoice financing rather than a business loan. The term stems from a misunderstanding about the nature of this type of receivables-based finance....
COMPARE QUOTES NOW...
A common misconception leads prospective clients to refer to factoring or invoice discounting (the two forms of invoice finance) as an "invoice loan". Loans are generally well understood and funding...
As clients often don't understand the differences they mix up the two terms which refer to very different product structures....
In a recent article, "Compare A Loan With Invoice Finance," we examined the differences between invoice finance and a business loan. The article has a link to a spreadsheet comparing funding levels...
Essentially, these are the key structural differences between these financial services:...
The revolving nature of invoice finance is very different to a loan where the capital sum advance is gradually reduced as you make repayments....
This should not be taken as legal advice, consult your solicitor for that....
These are some of the differences between loans vs invoice funding....
With a loan, the borrower retains ownership of their sales invoices, although they may pledge them as security for the loan by way of a charge or debenture over their assets. With invoice financing,...
With loans we talk about "lenders" and "borrowers", whereas invoice finance companies are normally referred to as "funders" and the concept of borrowing is not present. It is a prepayment of what is...
With a loan, interest (normally including a margin of profit for the lender) is charged. With invoice finance, there is no interest, only a discount fee and other fees for services provided or to...
The loan is repaid in chunks over time while the invoice funding is repaid when the customer pays your invoices (any balance of the invoice value due to you is passed to you at this point)....
If you need any additional support or to get quotes please contact us on 03330 113622 and we will be happy to outline the options and comparative costs for your company....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-to-get-invoice-loans-dispelling-common-misconceptions.html - How To Get Your Customers To Finance Your New Business Start-up
Great article about how you can get your customer to finance your business start-up. Ideas such as advance payments or subscription based models: How to get your customers to finance your new...
You can also use invoice finance to leverage your customers outstanding credit invoices. An invoice finance company will give you maybe 85% of the invoice value up front and you can use that money...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-to-get-your-customers-to-finance-your-new-business-start-up.html - How To Overcome Invoice Finance Funding Restrictions
We have been dealing with a prospect who has invoice finance from a provider that has imposed some heavy funding restrictions....
The existing invoice finance company were only funding at a low percentage but they had also set their client a completely unrealistic target for debtor days with a reduction of 1% in their funding...
We were tasked with finding them a way to overcome their invoice finance funding restrictions. So we have managed to find them a provider that will increase their basic funding percentage by over 30%...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-to-overcome-invoice-finance-funding-restrictions.html - How To Solve Cash Flow Problems
If you are looking for a solution how to solve cash flow problems for your company, there is a simple solution in the form of invoice finance....
Firstly, let's look at the underlying causes and then possible solutions....
Cash flow problems occur when the income of a business is too low or not received quickly enough in order to settle its expenses. There can be a multitude of causes which can include:...
The solution depends somewhat on the cause of the situation. If a decrease or lack of sales has led to problems then trying to increase your level of sales might be the most sensible option. However,...
The simplest solution is to inject some short-term funding into your business. Invoice finance is ideally suited for this kind of situation. It releases the cash that is tied up in your unpaid sales...
The service continues to work to improve your business cash flow by releasing part of the value of future sales invoices immediately, rather than you having to wait for customers to pay. In this way,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-to-solve-cash-flow-problems.html - How To Terminate An Invoice Finance Facility
Termination of an invoice finance facility can happen for a number of reasons, driven by either the facility provider or the client....
SEEK ALTERNATIVE QUOTES...
Firstly we should say that this information is not a substitute for seeking guidance legal advice from a solicitor regarding your arrangements - you should seek independent legal advice....
Your invoice finance company will have the right to terminate the factoring or invoice discounting arrangement. Normally, there will be a period of notice that is required to be given in order to...
See our Guide To Invoice Finance Termination....
If your invoice finance company has given you notice of termination, you could seek an alternative provider, or you could choose to switch to some alternative form of finance, such as a business...
Bear in mind that if your facility is terminated by your provider, you may find it difficult to find a replacement facility. This will depend upon the exact circumstances of their giving notice. For...
Funders are very reluctant to lose clients, so terminating a client's arrangement is always the very last resort....
Notice of termination can also be served by the customer on the provider. Once again, the terms of the notice that are required are usually set out in the agreement that governs the facility....
Typically, you may be required to give say three months notice of termination, providing you have exceeded any minimum period of the contract term (often a year). However, the terms may vary widely....
On giving notice, you may choose to move to an alternative provider. Customers often find that they make such a move in order to improve on one of the following:...
In such circumstances, we have put together a guide to moving between invoice finance companies that you might find helpful....
If you are seeking to leave invoice finance completely, you may be interested to read our articles explaining the steps you could take to leave factoring....
We have also put together an article explaining how you can calculate any termination fees....
Read more about when you can terminate your facility and details of how you may be able to leave the arrangement before the end of your period of notice of termination....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/how-to-terminate-an-invoice-finance-facility.html - Invoice Finance
Invoice finance a comprehensive archive of market research and information about invoice finance companies....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance.html - Invoice Finance Against Invoices To Argos
Argos was always synonymous with Christmas for us as children, our Christmas lists were pretty much a list of Argos reference numbers! Hence this is going to be a busy time for any businesses that...
If you are a supplier to Argos, looking to release the money that is tied up in outstanding sales invoices, FundInvoice can help. We have been contacted by funding partners that are specifically...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-against-invoices-to-argos.html - Invoice Finance In East Sussex
If you search for "invoice finance East Sussex" very little local support will be offered by the Internet search engines. FundInvoice is based in St. Leonards-on-Sea, East Sussex (near Hastings), we...
These days there are very few invoice finance companies actually based in East Sussex. If fact, I could only identify one from my list of factoring companies! That is Innovation Finance. Previously...
Once you go further afield there are several providers based in the surrounding counties and areas e.g. West Sussex (for example Close Brothers Invoice Finance and HSBC), there are a few in Kent,...
There are many invoice finance companies that are able to service East Sussex-based companies, but they have centralised offices, with local sales and, in some cases, client management staff. Often...
Whilst I can understand the drive to deal with a locally based company, in my experience it is far more important to find the financier that best suits your needs, providing they have sales and...
Please speak to us on 03330 112622 for support regarding invoice finance for East Sussex-based companies....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-east-sussex.html - Do You Need Invoice Finance Surveyor Or Auditor Resource?
Do you need more survey or audit resource? If so a very experienced colleague is looking to undertake surveys and audits, for invoice finance and factoring companies on a self employed basis (please...
REQUEST A CALL RE SURVEYS / AUDITS...
We have know this particular freelancer for a very long time, so we are keen to put him in touch with anyone that needs some additional survey or audit resource....
He is well place to handle the centre of the country so is able to handle most areas of the UK. The intention is that he will provide his services on a day rate basis, plus reasonable expenses....
The freelancer is able to undertake invoice finance:...
Our contact is well placed to operate centrally within the UK, so is able to handle a wide range of different areas across the country. He has extensive experience within our sector, and has worked...
Note: all audit and survey services are provided to you directly by the freelancer, NOT via FundInvoice LLP who take no responsibility or liability....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-factoring-surveyor-auditor.html - Invoice Finance For Non-Homeowners
There has been a rise in the number of invoice finance companies refusing to finance businesses where the directors are not homeowners. We have just come across such a lead and fortunately there are...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-for-non-homeowners.html - Invoice Finance For Payments Via Direct Debit & Credit Cards
A customer that we were working with recently reminded me that some invoice finance companies are now able to collect debtor payments via direct debit and credit cards from business customers. This...
The facilities work in the same way as any other invoice finance facility - when you raise your invoices the invoice finance company funds a proportion of the invoice value immediately giving you...
Similarly with a credit card payment - the payment repays the invoice finance funding and once again the balance of the invoice value is released to you less the financier's charges....
In this way some invoice finance companies are able to provide invoice finance and collect debtor payments via direct debits or credit card payments....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-for-payments-via-direct-debit-credit-cards.html - Invoice Finance Free Newsletter Available
Our latest free invoice finance newsletter is now available....
This month we have alternatives if your overdraft is removed or reduced and case studies about cost saving achieved for clients....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-free-newsletter-available.html - Invoice Finance Job 85K plus Unlimited Bonus
UPDATE ON THIS POST - RECRUITMENT FOR THIS ROLE HAS BEEN TEMPORARILY SUSPENDED...
I have just been asked if I knew anyone that might fit this job in the invoice finance sector - so here are the details in case anyone is interest or knows someone that is looking for a job like...
It's a sales role as the number 2 at a new single invoice finance company, based in North Kent (a sales background is not essential)....
They can offer a basic of £85K+ with an unlimited bonus scheme....
They are looking for a "top drawer" candidate that has proven performance, and extensive contacts so the candidate can deliver actual new clients quickly....
If you are interested, or know someone that might be, please send your details to [email protected] and we will pass them on so that the invoice finance company can reply direct to you if they...
Please note that neither FundInvoice LLP or Glenn Blackman take any responsiblity for any jobs that are posted, or candidates that respond. Posting a job vacancy, or forwarding applicant's...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-job-85k-unlimited-bonus.html - No Service Charge Offer 25 Percent Off Bad Debt Protection
One of the key reasons companies come to invoice finance brokers, like FundInvoice, is that we are always aware of the latest invoice finance offers and discounts that are available. We also tend to...
This a good example of two invoice finance offers that have just been given to us on a (semi) exclusive basis, by one of our funding partners:...
New customers will not pay any service charge for the first month of their facility with this invoice finance company....
That works out at an 8.3% saving on your annual service charge for the first year. Customers will need to agree to a 13 month contract period with 1 months notice of termination. ...
From the 1st April (no its not an April Fools joke!) they are also offering to reduce the cost of bad debt protection by 25%, for the first 6 months of your facility with them, subject to a 12 months...
Qualification for either of the offers will require that you take up a facility with the particular invoice finance company offering them, and that you meet their criteria. Full terms will be given...
These offers may be withdrawn at any time....
For more details please contact FundInvoice, or call Sean on: 03330 113622....
To get details of future offers first, sign up to receive our free e-magazine, FundingVoice....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-no-service-charge-offer-bad-debt-protection-offer.html - Invoice Finance Technology Advances
We have just had an interesting discussion with one of our invoice finance companies that is about to launch an innovative new piece of technology to support their invoice finance product offerings....
We have been asked to trial this technology for them so more details will follow....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-technology-advances.html - Invoice Finance At The Weekend Even On A Sunday
We have had an invoice finance enquiry over the weekend, received on a Sunday. Not a day of rest for us, as the prospect has been called back as requested....
We don't stick to normal opening hours, lots of business owners don't get any free time in the week to deal with things like finance, so we will do our best to help you whenever you contact...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-weekend-on-a-sunday.html - Invoice Finance Without Being A Homeowner
Again we have been discussing another prospective invoice finance client that is not a homeowner. Several invoice finance companies now insist on client company directors being homeowners. Thankfully...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-without-being-a-homeowner.html - Invoice Finance Without Personal Guarantees Article Published
Personal guarantees are often an aspect of financing that customers are unhappy with. Many invoice finance companies offer limited guarantees or even warranties rather than giving a PG and you can...
You should seek legal advice before entering into any kind of guarantee....
It will depend on your particular circumstances but get in touch and we will see if we can help find you invoice finance without the need for personal guarantees....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-finance-without-personal-guarantees.html - Invoice Trading By MarketInvoice New Article
Invoice Trading article which was kindly contributed to FundingVoice magazine by MarketInvoice: Invoice Trading By MarketInvoice....
The article includes:...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/invoice-trading-by-marketinvoice-new-article.html - Is Factoring Growing In Popularity
We regularly have meetings with factoring companies to keep up to date with the latest pricing offers and product developments....
In a meeting the other day, with one of the small independent factors the Sales Director told us that they were experiencing an increase in the number of factoring enquiries, over and above the...
Any single independent factor may well see swings in the makeup of the new business product requirements that they are receiving, creating a perception that factoring is growing in popularity. I...
So the figures suggest that there has been a very slight uptick in the factoring receivables against invoice discounting recently, but that factoring numbers are down on this time a year ago. One...
The statistics do show a slight, recent shift towards receivables factoring, however, the swing is not likely to be perceptible to small factors and over the last year, the opposite trend is the case...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/is-factoring-growing-in-popularity.html - Is Invoice Financing A Good Idea
What are the pros and cons of invoice finance? Is invoice financing a good idea? These are questions that I often see posted on social media sites that I subscribe to. Therefore, I will give a...
There are many product variables within "invoice financing" that can make a big difference to the pros and cons of the decision. In order to work out whether it is a good idea for your business...
I would like to mention that occasionally I see someone comment online that they are looking for finance, asking "can anyone recommend a good invoice finance company?". The other day, I saw a similar...
This may well have been one person's experience, but it is not the experience of the majority (98% of users we surveyed told us that they would recommend their provider). Comments based on the...
Addressing these complaints specifically, if the facility is expensive, then you have probably chosen the wrong funder. In one study that we conducted, we found a 203% differential between the...
If you really don't want to risk a third party contacting your customers, opt for an invoice discounting facility. That way, you can retain the credit control activity in-house and manage all...
If your business has a really poor quality debtor base, or if you have high levels of returns and disputes with customers, this type of funding may not be your best option. However, in most cases,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/is-invoice-financing-a-good-idea.html - Leaving Invoice Finance Before The End Of Your Notice Period.
Leaving your invoice finance company, before the end of your period of notice of termination, is often possible although many are unaware of this option....
When you enter into a whole turnover invoice finance arrangement, it usually comes with a minimum contract period and a period of notice of termination (selective arrangements often have no minimums...
The minimum contract period is often 12 months, which is the minimum period that the agreement must run for. Some providers offer much shorter contract periods e.g. monthly rolling arrangements....
The period of notice of termination, is often three months, which is the amount of notice you need to give, after the expiry of the minimum period, in order to leave the arrangement. As stated above...
One of the common misunderstanding is we come across is that clients believe that they are unable to leave their invoice finance company until their notice period has been completely served. This is...
The reasons for leaving one provider to go to alternative are varied. They include making cost savings on the fees, increasing the amount of funding provided and improving the service levels that are...
Many clients are unaware that they can often leave within the period of notice of termination, although they may incur an early termination fee. This may not be the case if poor service is able to be...
In cases where a prospective client is looking to move providers in order to take advantage of a substantial cost saving, there may be a financial case for incurring the termination fee in order to...
Are you worried about reprisals from you provider? You probably don't need to worry about this - see our article about the reality versus common fears around termination....
If you leave an arrangement without giving the required period of notice of termination, the provider may be entitled to charge you an early termination fee (see your agreement for details). There...
There is the possibility that the new invoice finance company will assist in paying, or part paying, the termination fee in respect of the previous funder. Alternatively, the new funder may be...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/leaving-before-end-of-notice-period.html - List Of Names For Receivables Finance
Receivables finance goes by a lot of different names. Therefore, I thought it would be interesting to start a list of all the different labels that are used to describe those services. I have...
This is the list of names for receivables finance so far (finance and financing are interchangeable throughout the rest of the list):...
If you can think of any invoice finance names that I have missed please get in touch!...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/list-of-names-for-receivables-finance.html - Very Low Level Of Complaints About Invoice Finance
This is an update on the very low level of complaints registered with the ABFA. These statistics include products such as invoice finance, factoring and invoice discounting....
The ABFA (Asset Based Finance Association) recently became part of UK Finance. There is a process of integration to be undertaken, but in the meantime, the ABFA complaints process (the ABFA Standards...
I contacted UK Finance to understand the level of complaints that are being made using the ABFA complaints process, and the results are a very positive endorsement of an industry that regulates...
The complaints process, which includes recourse to an independent Ombudsman, was established in July 2013. I reported on the low levels of complaints in the first year, but this update encompasses...
In total, the ABFA has recorded just 256 complaints over 4 years, which averages approximately 64 complaints per annum. Comparing that annual number to the number of clients (assuming that all...
Of the total number of complaints recorded, only 60 resulted in escalation to the Ombudsman, of which the majority, 57% were NOT upheld....
So that means that the number escalated to the Ombudsman annually is c. 15, which represents c. 0.04% of clients having their issue escalated for adjudication. On average, just over 6 complaints a...
This shows a very low level of dissatisfaction amongst invoice finance users, which echoes independent research that we conducted. We spoke to 200 existing users, across a range of different...
If you have an issue with your factoring company or invoice discounter, please see our complaints guidance notes for further help....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/low-level-of-abfa-complaints-procedure.html - Marketfinance Pro Now Handles Euros And US Dollars
Marketfinance PRO, the new whole turnover invoice finance offering from Europe's largest peer-to-peer invoice finance platform, was lauched in February 2017. It has already been upgraded to be...
Marketfinance PRO is now able to handle the following currency invoices:...
Making it even more flexible....
If you would like more information about Marketfinance please see the page that we have dedicted to them, it includes their simple demo video which explains how their product works in very...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/marketinvoice-pro-euro-us-dollar-usd.html - MarketInvoice PRO Launched
A clever move by MarketInvoice who have just launched "MarketInvoice PRO" their Confidential Invoice Discounting product, designed to respond to customer demand and complement their existing...
The new service provides customers with a funding line against all of their outstanding sales invoices. To qualify customers must:...
Please use our contact request service to find out what the cost would be for your business: Contact MarketInvoice...
However, if your business is not large enough to meet the MarketInvoice minimum turnover criterion of £1,000,000, it is likely that we can find you a similar facility with an alternative...
MarketInvoice initially launched as a selective invoice finance platform, and at the current time, they have transacted in excess of £1.1 billion worth of invoices traded via their platform....
We carried out research back in 2013 that showed that whilst 37% of target invoice finance customers thought they would prefer a selective facility, 63% said they would want to access funding against...
Confidential invoice discounting is also something that many customers find attractive, they like the idea that debtors are unaware of the arrangement (hence the name "confidential") whilst at the...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/marketinvoice-pro-launched.html - Medical Reports Invoice Finance With Extended Recourse Periods
A sector that should be ideally suited to the use of invoice finance to improve cash flow is the medical reports production associated with litigation cases. For example these could be medical...
The reports are normally produced by an expert witness, or professional witness, often a medical practitioner, such as a doctor, who is qualified to give an opinion about a patient (claimant) or a...
However, the issue tends to be the highly extended payment terms that are common within the sector. In some cases it can take a year (or even more) to get paid. The normal modus operandi tends to be...
The debtors tend to be a firm of solicitors, so it can be difficult to establish their good credit standing, due to their business structure, which can lead to problems setting credit limits for...
There may also be agreed payment deadlines prior to the end of the case, but again these terms tend to be highly extended e.g. 1 to 2 years. This creates a funding gap between paying the expert, and...
The good news is that not all invoice finance companies work in the same way, some will offer you an extended recourse period. We are able to put you in touch with financiers that can offer up to a...
The other facet of successfully dealing with long payment terms is ensuring that you have adequate credit control procedures in place. In some cases a full credit control service can be provided by...
The prepayment levels are likely to be somewhat lower than normal. Perhaps 70%, rather than the typical 85% that the industry regularly offers. However, even that level of prepayment is likely to be...
If you would like to know more about invoice finance against medical reports production, please get in contact or call us on: 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/medical-reports-extended-recourse-period-invoice-finance.html - Need Help Paying My VAT Bill
Need help paying my VAT bill? If you are looking for a way of raising the money to pay your quarterly VAT bill we can help. Invoice finance can release the cash that is tied up in unpaid sales...
Call us on 03330 113622 for help paying your VAT bill....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/need-help-paying-my-vat-bill.html - Need Help Paying VAT Tax To HMRC
We have just paid our most recent VAT (Value Added Tax) bill to HMRC - it's always painful! Keeping your value-added tax up to date requires a business to keep the money it collects from sales...
If you are struggling to pay your VAT bill and you don't have the money saved you could use invoice finance, even just short term, to generate the funds to pay it. This could be a one-off and it...
Invoice finance, such as factoring or invoice discounting, releases the cash tied up in outstanding unpaid sales invoices. You can choose to get funding against certain invoices or all of them, for...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/need-help-paying-tax-vat-hmrc.html - Need More Working Capital Than Your Invoice Finance Can Provide?
Not all invoice finance companies are created equal! If you need more working capital than your current provider is prepared to provide there may be other alternative lenders that can provide more....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/need-more-working-capital-than-your-invoice-finance-can-provide.html - New Article From Hitachi Capital Invoice Finance Inspired Cashflow
Ready for the launch of our magazine, FundingVoice, Hitachi Capital Invoice Finance were kind enough to contribute an article about their new Inspired Cashflow product. You can read their article...
Hitachi Capital Proves There Is Still Room For Innovation Within The Business Finance Sector With The Launch Of Their New Inspired Cashflow Product...
If you would like to subscribe to FundingVoice magazine (tips, advice and articles from industry experts about improving business cash flow and funding) you will find a link in the right hand column...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-article-from-hitachi-capital-invoice-finance-inspired-cashflow.html - New Article - Online Invoice Finance Quotations
New article on the site about Online Invoice Finance Quotations....
Worth a read before you apply for an online quote as it covers some of the pitfalls that we have come across over the years such as quotes changing, choice overload and customers focusing only on...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-article-online-invoice-finance-quotations.html - New Article - What To Do If Your Bank Overdraft Is Removed Or Reduced
I have just published a new article on the site - WHAT TO DO IF YOUR OVERDRAFT IS REMOVED OR YOUR OVERDRAFT IS REDUCED....
It explains how invoice finance can be an alternative to replace or supplement a bank overdraft....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-article-what-to-do-if-your-bank-overdraft-is-removed-or-reduced.html - New Business
New Business covers the industry roundtable discussion that I attended regarding alternative finance: Alternative Finance Roundtable...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-business-covers-abn-amro-roundtable-on-alternative-finance.html - New Recruitment Laundry And Web Advertising Deals
We have been lucky enough to see a number of new customers come onto the book at the end of this year, within a couple of interesting sectors....
As is often the case, recruitment businesses are often our "bread and butter" and we have seen a number of them taking up facilities over the last few months. There are many variations in the type of...
Recruitment is ideally suited to invoice finance as they need cash for wages and invoice financing releases the cash tied up in their invoices immediately. Even where there has been the need for...
One of the new customers was a dry cleaning and laundry business - they needed help with funding against a few debtor concentrations and we were able to find this for them at nearly half the price...
We have also helped a web advertising business that needed funding to support its growth. As is often the case our customers are drawn from fast-growing sectors....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-recruitment-laundry-web-advertising-deals.html - New Start In The Care Staff Recruitment Sector Gets Funded
We have just completed arranging a funding line for another new start company within the care sector recruitment industry, providing staff to both local authorities and the NHS....
NEED FUNDING ADVICE? ARRANGE A CALL BACK...
Although a new start company, the business is already projecting turnover of £650K for the year, and we introduced them to a number of independent invoice finance companies as requested. They...
We were delighted to receive the following testimonial from one of the Directors of the company:...
"I just want to say a massive thank you for sorting me out with [THE INVOICE FINANCE COMPANY]. Your hard work has been priceless and I thank you for it."...
The recruitment sector are common users of invoice funding. The concentration of businesses using this form of funding is approximately 20 times the average found in other industry sectors. This is...
Within the care sector the issue of waiting for invoices to be paid can be particularly troublesome as organisations such as local authorities and the NHS can have payment processes that can cause...
Read our free guide to: Recruitment Company Invoice Finance...
Article: Help Collecting Payments From Local Authorities...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-start-care-sector-recruitment-gets-funded.html - New Startups What To Do If You Are Declined For An Overdraft Or Bank Loan
Everything you need to know about alternative finance, how to finance a new startup business with invoice finance when you have have been declined for a bank overdraft or bank loan: How To Finance A...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-startups-what-to-do-if-you-are-declined-for-an-overdraft-or-bank-loan.html - New Year, New Growth Aspirations - Need Funding?
It's 2016 - Happy New Year!...
If you have growth aspirations for the new year then invoice finance could give you the funding to realise those ambitions. Its ideally suited to fast growing businesses as the amount of funding is...
If we can help you achieve your growth aspirations for 2016 please get in touch: 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/new-year-growth-aspirations-need-funding.html - Payment Factoring
Payment factoring is a term not commonly used within the invoice finance sector. However, it is often used by businesses to describe an invoice factoring service. In some ways, it's a better...
Logically, it makes more sense than the terms we typically use, e.g., invoice factoring or debt factoring. From the perspective of the business using the service, its about the payments that they are...
Essentially, if you have a payment due from a customer, you could get access to that today - regardless of when your debtor pays. Terms are commonly 30 days in the UK, with many debtors taking even...
These receivables financing services (finance against outstanding receivables owed by debtors) accelerate the receipt of those monies. It no longer matters when the customer pays, you get a...
As with many products, there is a range of different "flavours". Each has different features that may suit particular businesses. For example, one business may be worried about bad debts. There is a...
In another case there may be export debts that need funding or the supplier may also require a payroll management bolt-on. There are so many product options, that you are likely to benefit from some...
To read more about the product variations, check out our Guide To Factoring which explains the various options and differences....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/payment-factoring.html - Please Refer A Company To Us
We would be very grateful if you would refer a company to us to get them a business finance quote. As a reward, we would like to give you a free bottle of champagne, for every UK based referral that...
To make a referral just put your details and the details of the company that you wish to introduce into our contact form alternatively call Sean on 03330 113622. We can send your champagne anywhere...
We have enjoyed some success in helping companies that are referred to us by third parties. We often receive introductions from invoice finance companies, to assist companies that they have been...
We also regularly receive introductions from other third parties such as accountants or advisers and from existing clients that are already using a business finance facility that we found them...
If you are in a position to make regular referrals to us, please ask us about our referral scheme for regular Introducers, and we will be glad to give you details....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/please-refer-a-company-to-us.html - Populous Invoice Finance Using Blockchain Cryptocurrency
A new invoice finance company called Populous has just raised money to pilot its invoice finance platform that uses Blockchain cryptocurrency in support of an invoice financing model, according to an...
I read the 21 page white paper on the Populous site, with some interest, to understand what the benefits might be....
In essence there seem to be 3 key points to draw from this white paper:...
Each is explored below:...
You may have heard of Bitcoin, which is one of many newly emerging "cryptocurrencies". Cryptocurrencies are digital currencies which use encryption techniques to regulate the generation of units of...
These currencies operate independently of a central bank, unlike traditional currencies (GBP, USD etc). The term "blockchain" refers to the ever growing chain of transaction blocks that are stored on...
Ethereum is one type of cryptocurrency, similar to Bitcoin. Ethereum has the advantage of allowing complex contracts and programs to be executed within the blockchain....
The advantage of using cryptocurrency, from an invoice financing perspective would seem to be if you want to use cryptocurrency, rather than flat currency like Sterling, you can use it in conjunction...
Yes, I can see how these could be helpful in regulating some transactions within an invoice financing scenario. One example put forward in the white paper is avoidance of the risk of duplicate...
The white paper sets out a very complex methodology for using companies house data in conjunction with predictive models for both business failure and the use of invoice finance. Identifying...
The main draw back I foresee is the nature of the companies house data. It is, by its nature, always a historic record, and there are many companies that don't have to provide full disclosure...
Overall, it is an interesting idea that Populous are pursuing, and it will be interesting to watch how it develops. My feeling though is that we have not yet had a client ask for any type of...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/populous-blockchain-cryptocurrency-invoice-finance.html - The Power Of LinkedIn Networking
I just wanted to share a success story about the power of LinkedIn networking and how it helped a prospect looking for an invoice finance service....
Networking is not just about sales, this is an example of how it can work for you creating a sale indirectly. You may have seen that I recently published a blog post about a small seletive invoice...
The key issues were that they wanted selective, for total flexibility, the prime mover was western european, having only just moved to the UK and was not a home owner. The other issue was that it was...
I shared the blog post via various social media sites, including LinkedIn. I always try to promote my invoice finance blog via various social media sites and in this case, my extended network came to...
These were the responses:...
The prospect spoke to one of our whole turnover partners, but due to the prospect's concerns about the uncertainty of Brexit, they did not want to have any obligation to continue using invoice...
It occured to me that selective invoice finance services are the perfect product to protect your cash flow in the event of a downturn relating to Brexit, whilst at the same time giving you complete...
This is a great success story that shows the power of networking via sites such as LinkedIn. It is not always about finding new customers, it can be a great way of finding people that can help you...
If you have any interest in the invoice finance market and want to connect with me via LinkedIn you can find me here: Glenn Blackman - LinkedIn...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/power-of-linkedin-networking.html - Price Of Selective Invoice Finance
If you want to know the price of selective invoice finance we now have a real example, from an actual deal on our website. More examples will follow: Selective Pricing...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/price-of-selective-invoice-finance.html - Problems With Your Invoice Finance Company
If you need help because you are having problems with your invoice finance company, first check if they are member of the ABFA (Asset Based Finance Association). Whilst the ABFA is not a regulatory...
You can read a copy of both the code of conduct, and the detailed guidance notes here: http://www.abfa.org.uk/standards/TheCode.asp...
Whilst 98% of IF users would recommend their factoring and invoice discounting services, you do occasionally come across cases where a client is not happy. I recently heard of an existing client of a...
If a member of the ABFA has not abided by the code of conduct, this could be cause for a complaint to be escalated to the Ombudsman for indpendent resolution....
There are many factoring and invoice discounting companies that operate in the UK, we can help you find the provider that can best meet your requirements. However if you want to leave factoring or...
Other relevant information:...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/problems-with-invoice-finance-company-abfa.html - Problems With Home Ownership And Poor Credit History
We have had an issue recently with a factor turning down a small recruitment company, that we had introduced, due to the prime movers not being homeowners and having some previous defaults on their...
This approach of insisting on home ownership, and no adverse credit history is so far away from how I was taught to look at deals when I was working for a major invoice finance company. The prime...
Fortunately, there are factoring companies that do not take such a risk-averse approach to these types of situations, and they will be sympathetic in such cases - it is just sad to see the issue of...
See also our article about Getting Invoice Financing With Bad Credit In The UK...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/problems_with_home_ownership_and_poor_credit_history.html - Worried About Punitive Measures And Reprisals When You Terminate?
Leaving an invoice finance company, who are providing your funding for your business, and in some cases other services such as credit control for your debtors, can be a daunting task. There tends to...
Termination Explained...
We have previously put together a detailed guide on changing invoice finance companies, to help make the process as smooth as possible. ...
However, sometimes when customers are looking to move between different funders, they are - often unnecessarily - worried about potential reprisals from their current invoice finance company. They...
In some cases this type of fear of this can be enough to stop customers moving to benefit from improvements such as cost savings, improved service levels, alternative products or additional funding...
In some cases the clients are afraid that if they give notice to their existing invoice finance company, they will experience some kind of reprisal, or punitive measures from there current provider....
You can check with UK Finance to see if your provider is a member, or look at your providers site to see if they are members of any other bodies - they too could have codes prohibiting punitive...
We have dealt with numerous customers moving providers and we have not come across any recent examples of providers taking revenge against clients that they are about to lose. Most providers have the...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/punitive-measures-reprisals-terminating-invoice-finance.html - Quote From RBS Invoice Finance #TalkIF Write Up
A quote from the #TalkIF Twitter debate written up, by RBS Invoice Finance, available on their blog: "ABFA, invoice finance expert Glenn Blackman (@GlennBlackman) and RBSIF?s Mark Dodwell...
There is a link to the full blog post on my Twitter feed where you can see all the details of the online debate....
Very much the case. Issues of "perception" concerning invoice finance were a minority view, just 7% of respondents, in our February 2015 survey. The key issues our survey highlighted were:...
The issue of cost is particularly interesting as there are now so many different pricing options available, together with substantial discounts that are currently being offered. My experience is that...
The next debate is coming up this Thursday at noon - to follow it, or participate, just use the hashtag #TalkIF....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/quote-from-rbs-invoice-finance-talkif-write-up.html - Quotes From More Existing Invoice Finance Users
Here are some more actual quotes from invoice finance users about why more businesses aren't getting the benefit of factoring and invoice discounting:...
Read the full set of actual quotes here: Quotes from factoring and invoice discounting users...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/quotes-from-more-existing-invoice-finance-users.html - Recruiters Help Area
We now have a help area for recruiters on the site....
It has help regarding funding options that are available, credit control support and payroll outsourcing. We have included a number of case studies explaining how we have helped staff agencies in the...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/recruiters_help_area.html - Reducing Your Invoice Finance, Factoring Or Invoice Discounting Costs
A while back I published an article 6 Ways To Reduce Your Factoring Or Invoice Discounting Costs....
I was looking through it just now and it rightly suggests that if you have a whole-turnover invoice finance agreement i.e. all your invoices are factored or discounted, and you don't have a...
However, it occurred to me that the opposite may also be true in some cases....
If you are using a selective factoring, spot factoring, spot invoice discounting or selective invoice discounting facility, and your requirement for funding grows, it may be more cost effective to...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/reducing-your-invoice-finance-factoring-invoice-discounting-costs.html - Retailer Finance
There are a few finance companies that will fund retailers based on their historic or future takings. Retailer finance can include shops and businesses such as restaurants. In some cases the funding...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/retailer-finance.html - Can You Help This Selective Invoice Finance Client?
Are you a selective invoice finance company that can finance this prospect?...
We have been contacted by a prospective selective invoice finance client, but we are having difficulty finding an invoice finance company that will help them....
If you think you may be able to provide funding to them, please get in touch or call Sean on 03330 113622....
The key points of the deal, that are proving problematic, are as follows:...
We can provide all the details if you are able to consider offering on the basis of the 3 points mentioned above....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/selective-invoice-finance-client-can-you-help.html - Selective Invoice Finance Deal Completed
Good to see a true selective invoice finance deal just recently completed by FundInvoice. The client may just finance the one transaction (or they may choose to reuse the selective facility again)....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/selective-invoice-finance-deal-completed.html - Selective And Whole Turnover Invoice Financing
Invoice financing can be broken down in many ways, one is into selective invoice financing and whole turnover. Selective means that you choose which invoices you want funded, and whole turnover means...
This infographic show the results from our research to establish the market demand for each approach....
As you cans see almost two thirds wanted whole turnover, whilst just over a third wanted a selective approach....
Whilst there is a market for both, the whole turnover option is desired by the majority....
This is interesting as recent moves by one of the large selective providers, MarketInvoice, was to expand into the whole turnover segment of the market. A logical move, when you consider our findings...
To get a quote please request a call back or ring Sean on: 03330 113622....
Please feel free to share the graphic above on your blog or website, just cut and paste the HTML code from the following box, into your site:...
400 pixels wide:...
<a href="https://www.fundinvoice.co.uk/blog/invoice-finance/post/selective-invoice-financing-whole-turnover.html" ><img...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/selective-invoice-financing-whole-turnover.html - Selective Single Invoice Finance With Credit Control
We had a meeting with one of our single invoice finance providers the other day and they happened to mention that they often provided credit control for the client, free of charge. What a great...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/selective-single-invoice-finance-with-credit-control.html - Selective Invoice Finance New Providers
There seems to be a constant increase in the number of suppliers of selective invoice finance. Again over the last week or so we have been contacted by two more new providers. Good news, more choice...
It was also interesting the see an article in Business Insider giving their opinion about losses that they suspect have been accrued by two of the large peer-to-peer lenders (not in the IF sector)....
The online adverts of one of the new selective IF companies are now following me around the internet after having searched for their site in Google - more impressive but no doubt expensive...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/selective_invoice_finance_new_providers.html - Sell Your Invoices Outright For Full Value Less Fees
Selling your invoices outright could bring in the maximum amount of working capital, all in one go without having to wait for customers to pay you....
Invoice finance companies tend to offer a percentage of the value of your invoice value immediately, with the balance paid when the customer settles. This can typically be 85 - 90% upfront, with the...
However, there are some that will provide the full amount upfront (less fees), you can sell your invoices outright. That way you don't have to wait for the remaining payment if the customer...
REQUEST A QUOTE...
If you want an alternative to receiving prepayments, you can sell your invoices outright. This method of operation is common in some sectors, such as car body shop repairs, but it is now also...
There is no minimum invoice size, which will be great news for many small companies, and they will fund against construction and contractual invoices. You pay a single fee, so there are no discount...
Some of the more interesting features of this service are:...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/sell-your-invoices-outright.html - Separating Your Invoice Finance From Your Overdraft Or Bank Loan
We have previously mentioned the consideration some clients have for not putting "all their eggs in one basket" by separating their invoice finance facility provider from their bank provide an...
However, we have had an example of a prospective client who has experienced how this issue can damage the cash flow of a business....
The prospective client had an invoice finance facility with one of the independent invoice finance companies and they also had a substantial overdraft from their bank. Their bank had an invoice...
The company suffered a bad debt and the bank was aware of this as they were operating the invoice finance facility. In view of this, they reduced the company's bank overdraft substantially,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/separating-your-invoice-finance-from-your-overdraft-or-bank-loan.html - Single Fees At A Premium
Often invoice finance users are attracted to the idea of a single, predictable, flat fee (or fixed fee) rather than separate service charges and discount fees....
However, in some cases, single fee arrangements are charged at a premium to the regular charging structure....
See our related article about Bundled Fees In Invoice Financing....
If the single fee arrangement is going to be charged at a premium, the client needs to think carefully about the benefits of taking this approach. It could be simpler just to go with the traditional...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/single-fees-at-a-premium.html - Split Your Sales Ledger Between Two Invoice Finance Companies
Many people don't know that it is possible to top up your funding from an invoice finance company, or bank, with funding from a second invoice finance company, by splitting your sales ledger...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/split_your_sales_ledger_between_two_invoice_finance_companies.html - Subscribe For Our Latest Invoice Finance Newsletter
I have just emailed the October 2017 edition of FundingVoice magazine to our database of over 6,500 subscribers. However, I am always running behind in getting these onto our website. We publish it...
It has details of any invoice finance offers, other business finance offers, cash flow and credit control advice. Sometimes we include articles contributed by leading companies within our sector and...
So if you want to hear the latest offers in the invoice finance marketplace, and our other articles, please subscribe to the FundingVoice invoice finance newsletter....
This means that you will avoid the wait (which can be a couple of months) in getting the email version uploaded onto our site for online browsing....
The October edition contains a number of our latest articles including:...
I will post a link to the online version once it has been uploaded to our site - but the best way to ensure you get our publications immediately is to subscribe to our free invoice finance...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/subscribe-for-our-latest-newsletters.html - Supply Chain Finance
FundInvoice can also help large organisations, such as supermarkets, with numerous suppliers, find supply chain finance and reverse factoring. This is where invoice finance facilities are offered to...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/supply-chain-finance.html - Support Growing For The IFaware Campaign
Support is already growing for our #IFaware invoice finance awareness campaign. This is our newly launched initiative to make some small effort to tackle the issue of only 2 out of 3 companies...
Find more information about spreading this graphic (including social media links) here: How You Can Help - #IFaware ...
FundInvoice launched it's zero budget campaign, via our website and social media, only 5 days ago and we have already had messages or support and/or shares/retweets/likes (or similar for shares...
Clearly there are a lot more invoice finance companies, brokers, intermediaries, and users of these services, that could help spread this message further. If you are not on the list, please get...
You can help by sharing the graphic as widely as possible via your site, blog, social media or other channels. You can find all you need to know about sharing the graphic shown above, including links...
Feel free to comment on this post if you have helped spread the message, or if you have any other suggestions on how we can raise awareness of invoice finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/support-growing-for-ifaware-campaign.html - #TalkIF RBS Invoice Finance Discussions
Looking forward to seeing how the #TalkIF discussions, chaired by RBS Invoice Finance go on Twitter over the next few weeks. Hopefully it will get some engagement from outside the invoice finance...
You can join the debates, over the next 4 weeks - (starting today 12th November noon - 1pm. Then the same time each week) by tweeting with the hashtag #TalkIF....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/talkif-rbs-invoice-finance-discussions.html - Testimonial As Invoice Finance Stops Recruiter Closing Down Business
Its always nice when we get testimonials, this was one that we received regarding a client, a recruiter, who said that our assistance stopped them closing down their business....
Recruitment finance is one of the areas that we tend to specialise in, as the number of staff agencies using invoice finance is approximately 20 times the national average....
This was the comment given by one of the Directors of the recruitment company:...
"At a time when we thought that we would have to close the business Sean put us in touch with a new financier and we can now continue trading. The service was quick and painless and Sean provided us...
They also gave us a 5 star rating (out of 5), and have been added to our testimonials page, where we have achieved a 4.9 average out of 5.0. The lowest rating I think we have had is 4 out of 5, and...
Its also good to see another example of how using invoice finance can help a business get through a difficult patch, and avoid having to close their business down. It is a lifeline to many small and...
Its also nice to hear the comment that ". . . provided us with a solution that many others couldn't". Many people think the market is simple to understand but it is only through experience and...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/testimonial-as-invoice-finance-stops-recruiter-closing-down-business.html - Bundled Fee For Textiles Business
A curious situation with a client over their fee preferences....
See our related article: Bundled Fees In Invoice Finance....
The client is a textiles importer and we have found them an invoice finance facility with one of the leading invoice financing companies, to deliver much-needed cash flow. They are also very keen on...
They wanted a single fee structure, often referred to as a "bundled fee" within the industry. Normally the charges are divided into a service charge (percentage of turnover) and a discount charge...
In the case of this particular client, they are adamant that they want to go down the bundled fee route, and you can understand this thinking as they like the idea that they have one single charge at...
However, the other dimension of this pricing structure is that the invoice financing company will add a premium to a bundled fee structure, over and above the fees that they expect from the more...
So a component pricing approach is going to be slightly more expensive than a bundled fee. Whilst the client is very much focused on getting the best invoice finance pricing possible, they are still...
If a client really only wants to get the cheapest invoice finance rates, a separate service charge and discount charge is always the way to go, avoiding any premium added to a bundled fee. However,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/textiles-bundled-fee-invoice-finance.html - The Perfect Invoice Finance Product
Below is the profile of the perfect invoice finance product (from the customer's perspective) based on our experience and market research:...
1) Overdraft style finance product that grows with turnover (with invoice finance risk controls behind the scenes) - clients just want predictable levels of funding without any hassle and they want...
2) Quasi overdraft pricing on a tariff basis - customers tend to prefer invoice finance to be charged on a tariff basis (rather than an all inclusive fee although that type of product also has a...
3) Online approval and sign up - clients say that they want to be able to apply online and to be approved online....
4) Very short notice of termination periods and no minimum contract periods - perhaps a few days or even the ability to terminate immediately at any time (as you often have with spot factoring and...
5) No additional security such as personal guarantees....
6) No minimum charges....
7) Flexibility - clients like the idea of a product being flexible if they need a little extra funding (an overpayment) or if they run into problems - this could be built into the agreement....
8) Electronic upload of their invoices that operates without user intervention (some invoice finance companies already have this) and an electronic web based interface to view account information and...
9) Same day funding without additional charge - clients want to be able to request funds and receive them the same day without being charged for the transfer....
Many of the components of the perfect invoice finance product mentioned above are already available through particular products although nothing seems to address all the issues together. Hopefully...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/the-perfect-invoice-finance-product.html - There Is Not One
Who is the "Best Invoice Finance Company?". When we have meetings with funders they always ask "who do you give all your business too?", the answer is that we do business with a broad range of...
This was further evidenced recently with two situations. One company was using one of the industry's leading products, a product that has won all sorts of awards and is backed by a household...
Another company was using a selective invoice finance facility, that many providers would have you believe is the panacea of all invoice finance services, and they have moved to a a banked backed...
There is no one service or provider that fits everyone, it depends very much upon your needs and that is what we focus on. Understanding what our client's need and matching them to an invoice...
If you need help, have a no obligation chat with Sean on: 03330 113622....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/there-is-not-one-best-invoice-finance-company.html - Tiered Prepayment Charging On Invoice Finance
Tiered prepayment charging is a new offer from one of our invoice finance partners. It means that you pay less if you use less than the full amount of funding available through your invoice finance...
Prepayment is the percentage of your approved, unpaid sales invoices that invoice finance makes available for your to draw even though the invoice hasn't been paid....
The less prepayment you draw from your facility, the less you pay. The service charge is "tiered" such that if you draw your full prepayment you will pay the full service charge percentage. However,...
If you draw part of your prepayment percentage (which you control), you pay according to a service charge scale, that reduces in tiers, according to your level of usage....
This new kind of facility rewards customers that don't need to draw their full cash prepayment all the time, but that availability is always there, in case of need....
As far as we are aware, it is only available from a single invoice finance company....
If you would like to know how your charges could be tiered, so that your service charge is reduced if you don't draw your full availability, please call Sean on: 03330 113622 or request a quote...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/tiered-prepayment-charging-invoice-finance.html - Tungsten Network Finance Should The Invoice Finance Sector Watch Out
I was intrigued to read Motley Fool's post (15/08/17) about Tungsten Corporation PLC (and their recently launched invoice financing service), which said it was firmly on their list of stocks to...
So I had a look at the accounts at Companies House on 30/04/16, which show an overall revenue of £26.1M for the PLC but an operating loss of £28.3M. The interesting part is when you start...
So why hasn't it grown as planned? The FT reported an ambition to finance $100 billion of invoicing per annum back in June 2014. When you look at the comments in the accounts to April 2016, it...
The comments in the accounts then go on to say that they are re-engineering the product to "make our financing more competitive, redesigning and relaunching our supplier portal to more effectively...
So the current position is that they have not managed to capitalise on the huge opportunity that their network of suppliers presents. I am sure any invoice financier would be delighted to have such a...
If you need supply chain finance please speak to Sean on 03330 113622 for a discussion in confidence....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/tungsten-network-finance.html - Turn Unpaid Invoices Into Cash
You can turn your unpaid invoices into cash within a couple of days....
Get help turning unpaid invoices into cash...
If your business is struggling with unpaid invoices, funding unpaid invoices can provide the cash flow you need to keep operations running smoothly. By using invoice finance, you can release the cash...
Our team can help you access flexible funding solutions tailored to your business releasing funding for unpaid invoices, call us on 03330 113622 for immediate support....
It is a simple process, you could receive, for example, 85% of the value of your outstanding sales invoices within the next 48 hours. They don't even need to be due or overdue - you can get...
Having an outstanding sales ledger of unpaid invoices appears to be the bane of many UK businesses. Assuming the customers eventually pay, these are cash in the bank for the future but that does not...
See the UK Government's article about Late Payments....
Many businesses find themselves in a situation where they need to release some of that cash immediately. This could be to pay suppliers for raw materials, meet the monthly staff payroll or other...
There are simple ways of raising cash against those unpaid invoices. The companies that provide this type of funding will advance you say 85% of their value immediately. Either they will collect the...
If you don’t like the idea of being tied into an arrangement, there are selective arrangements available where you have no lock-ins, no minimum requirements for usage and no obligation to ever...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/turn-unpaid-invoices-into-cash.html - Unfair Invoice Finance Contract
One of our finance partners has introduced an innovative approach to their invoice finance contract periods. They are offering their customers a 28 day notice period to terminate the facility (a few...
How about that for an unfair invoice finance contract!...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/unfair-invoice-finance-contract.html - Urica Supply Chain Finance Liquidation
Urica, the new Global Supply Chain Finance company has announced on its website the appointment of liquidators as at The 20th of July 2018. The liquidation is apparently as a result of a large fraud...
If you are an existing client of Urica, looking for an alternative source of finance please contact Sean on 03330 113622 and he will help you find what you need....
A quick look at Companies House shows the company, Urica Limited, registration number SC416992, registered office – 16 Charlotte Square, Edinburgh EH2 4DF, was incorporated on the 14th of...
Filed accounts to the 31st of March 2017 showed an increase in turnover from £93K to £233K with gross profit of £19K. However, administrative expenses of over £3 million...
With administrative expenses in the previous year having been £1.8 million it would appear, assuming that these costs are re-occurring, to have been an uphill battle for the business to achieve...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/urica-supply-chain-finance-liquidation.html - Funding For Vaccine Transport, Storage & Distribution
Finally, the UK has breathed a sigh of relief following the news that the Pfizer / BioNTech COVID-19 vaccine has been approved for use in the UK (leading the world), so the vaccination program can...
The UK has ordered 40 million doses of the Pfizer vaccine, which is said to be 95% effective against this particular coronavirus when given to a patient in 2 doses, spread over 21 days. However, the...
Apparently, Pfizer has developed special transport boxes, each the size of a suitcase, which are packed with dry ice and installed with GPS trackers. Each box can store up to 5,000 doses at the right...
No doubt there will be many UK companies involved with the huge task of distribution, storage and transportation of the vaccine. Our small contribution is to find funding for any of those that need...
The size of the effort required is going to lead to abnormally large requirements being placed on many companies. Funding large orders is where we can offer expertise, having been able to help many...
News reports suggest that other vaccines e.g. the Moderna and the Oxford University / AstraZeneca vaccines, that don't require such extreme refrigeration, are soon to become available. However,...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/vaccine-transport-distribution-funding.html - What Are The Minimum Turnover Size Criteria For Invoice Finance
Prospective clients often as us "What are the minimum turnover size criteria for invoice finance (factoring & invoice discounting)?". Unfortunately, the true answer seems to be widely...
There really isn't a minimum size or turnover criterion for invoice finance. especially now with access to transactional finance such as via auction sites and spot factoring. Small batches of...
Even if your business does want to finance all your turnover we will be able to find even small businesses an invoice finance company that will be able to help. You will however find that some...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-are-the-minimum-turnover-size-criteria-for-invoice-finance.html - What Invoice Finance Users Think About Invoice Finance
This is another quote from our recent survey of existing invoice finance users. People considering using factoring or invoice discounting want to know what existing users think about invoice finance....
"Not enough out there about it, never heard of it until accountant mentioned it and now I couldn?t recommended it enough"....
This reflects on of the major conclusions from our study, there is a general lack of awareness and knowledge of factoring and invoice discounting amongst UK businesses....
More quotes to follow . . ....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-invoice-finance-users-think-about-invoice-finance.html - What Is A Prepayment
There is a lot of jargon used in the invoice finance industry, "prepayment" is one of many terms commonly used without explanation. Below we explain what a prepayment is. It can also be called an...
If you have unpaid invoices you can access invoice prepayment services by contacting us:...
COMPARE QUOTES NOW...
A prepayment is a cash advance against an unpaid sales invoice raised on credit terms to improve the cash flow of a business....
They can also be made available against an application for payment (which is sometimes used in the construction sector instead of invoices). Pre-payment of invoices is a vital part of an invoice...
If your sales invoice is worth say £100, an invoice finance company may agree on a prepayment percentage of say 90%, you will then receive £90 when you raise the invoice. The remaining...
There are numerous types of invoice factoring and types of invoice discounting that involve prepayments, and advance rates will vary....
The prepayment percentage will be affected by:...
Hopefully, that has answered "What are prepayments", however it is worth knowing that not all levels of prepayment are the same....
The actual prepayment percentage can be as high as 100% for some sectors e.g. body shop factoring, and it can be lower for others e.g. 70% for construction sector companies. In some cases, it may be...
We can help you find out what percentage you can access for your company - we can also point you in the direction of companies that can maximise funding levels. There are other restrictions that can...
See our Invoice Finance Cash Calculator to estimate the amount of capital you could release....
If you want to know how to increase prepayments against invoices there are several options. Firstly, you could speak to your existing provider and see what could be done to improve your funding...
If you are unable to find a solution with your existing provider, it is highly likely that FundInvoice will be able to find you alternative invoice finance companies that will be prepared to increase...
Below is a comprehensive list of ways to increase funding levels, note there may be fees charged to move providers, change an existing facility or give a temporary funding increase:...
In the UK, prepayment is commonly associated with various financial and consumer contexts. For many individuals, prepayment can refer to pay-as-you-go utility meters, where energy or gas is paid for...
Additionally, businesses frequently encounter prepayment when advancing funds for goods or services before delivery, or through prepayment cards and schemes, such as transport cards or subscription...
For companies seeking working capital, prepayment percentages in invoice finance are the proportion of invoice value advanced upfront by a finance provider which is a key driver of the amount of...
In invoice finance, the prepayment refers to the percentage of the invoice value that is advanced to a business by the finance provider (or prepaid). This upfront payment helps improve cash flow,...
Prepayments can help manage cash flow by liquidating invoices so that cash can be used immediately. They can also give businesses a competitive advantage by ensuring timely payments to suppliers....
While prepayments can be beneficial, there will be a cost to using a service that prepays invoices such as invoice financing. Also, once the prepaid cash received has been spent the money from the...
Article: How to Calculate Prepayments....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-is-a-prepayment.html - What Is A Recourse Period
A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-is-a-recourse-period.html - What Is Confidential Invoice Finance?
Confidentiality is a term applied to an invoice finance facility where the debtors (the customers of the company using the facility) are not aware of the involvement of the invoice finance company....
It is an umbrella term for a range of different variations on a business funding product. The facility can take a number of forms, which are explained in our guide to invoice finance. All types of...
The benefits of confidential invoice finance is that to your customers, it appears that it is your company that is in contact with them, even if it is the funder that is undertaking the work for you...
The providers achieve this by ensuring that any telephone contact is undertaken in the name of your company, and any correspondence is sent showing the logo and branding of your business. Dedicated...
Read about the limitations of confidential invoice finance....
The types of confidential funding available can be divided into factoring and invoice discounting. With confidential factoring, you receive both funding and a full credit control service, provided by...
It is worth noting that in some cases, the funder will add an additional premium to provide a fully confidential service....
Please contact Sean on 03330 113622 to receive further information about confidential invoice finance....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-is-confidential-invoice-finance.html - What Is Factoring
To answer the question "What is factoring?" you first need to understand that factoring falls within a family of working capital finance products for businesses known as "receivables finance". The...
Trade receivables are unpaid debts outstanding to suppliers from debtors. These may be open account invoices raised on credit terms or other types of transactions e.g. applications for payment in the...
The effect of using the service is to improve the cash flow of your business. The funding generated increases your available working capital, as you are no longer having to wait for customers to pay...
The aspect of factoring that distinguishes it from other forms of receivables financing, is that it includes a credit control service within the offering. This means that the factoring company will...
The term "factoring" also has a mathematical application. In this article, we are explaining financial factoring. So, what is the definition of financial factoring?...
This is our definition of what financial factoring is:"Factoring is a financial service for businesses that provides both prepayments against unpaid sales invoices raised to other businesses, and a...
The extent of the credit control service can vary considerably between providers. In some cases, it is fully comprehensive, such that the user doesn't have to retain any credit controllers. In...
To understand more of the details of the wide range of product variants, and the way that these services operate, please see our comprehensive Factoring Guide....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-is-factoring.html - What Is Invoice Discounting
This article answers the question "What is invoice discounting?". We define invoice discounting as:...
"Prepayments against unpaid receivables"....
That is the essence of it, if you have a receivable e.g. a sales invoice on credit terms or an application for payment, and it is unpaid, and the debtor is a business, you can get a prepayment...
You can do this for a single transaction, called a selective facility - or for all the transactions on your outstanding sales ledger (called whole or full turnover options)....
Sometimes we are asked what is the difference between invoice discounting vs invoice financing. The answer is that the former is just one type of the latter. There are many other forms of this type...
The remainder of this article takes a close look at what is invoice discounting in finance....
So, invoice discounting in finance (also called ID) is prepayments against unpaid invoices and applications for payment. It is one of a family of receivables financing facilities. There are several...
The key feature of ID is that it allows the user to retain control of their own credit control activities. In some cases, the facility can be fully confidential (Confidential Invoice Discounting or...
Some companies prefer this modus operandi as they like to retain control of all communication with their customers. However, these products are not the best fit if you are looking for an outsourced...
ID can come with bad debt protection, as an added extra, or it can operate on a recourse basis. In the case of the latter, you assume the risk should customers become insolvent....
These facilities are ideal ways of boosting your working capital position, and improving your cash flow, without having to relinquish any control of your credit control and debtor contact....
A way to improve the cash flow and liquidity of a company is really what invoice discounting is....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-is-invoice-discounting.html - What To Do If Your Bank Overdraft Is Removed Or Reduced
Article about what to do if the bank remove or reduce your overdraft. Don't panic! Alternative sources of finance are available: What To Do If Your Bank Overdraft Is Removed Or Reduced...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-to-do-if-your-bank-overdraft-is-removed-or-reduced.html - What You Need To Know About Receivables Financing
A conversation with one of our receivables financing companies reminded me of just how much knowledge we have about that marketplace, and how we tend to take an analytical research-based approach to...
Much of our research you will find on this website, but both myself and my business partner have been involved with this sector since the late 80s, so a quick discussion can provide you with expert...
Below are a few of the key points that stood out as essential knowledge for anyone considering using these funding solutions....
We have documented our research findings about pricing differences between providers. These can be significant e.g. 165% differences between the lowest cost and the highest cost for recourse...
Most invoice finance companies have a view of where they stand within the market, as regards pricing, but it is rarely based on statistical research. Many of the brokers will go to parties that they...
We have conducted both market research and mystery shopper exercises, in order to accurately gauge market pricing. We have made comparisons for different products such as factoring and invoice...
There are a wide range of different product variations available on the market. These include different methods of operation regarding products that, on the surface, appear to be similar e.g. have...
For example, not all invoice finance companies are able to provide export services. Some of them make provisions that you can include a certain amount of export turnover within your domestic...
There is a broad right range of other product variations, and different types of receivables finance available. Included within these is the selective invoice finance market. This appears a very...
Once again, this kind of information would be essential to anyone thinking of taking up a receivables finance arrangement....
Another clear difference between providers is their approach to taking risks. In some cases, they require first-class receivables but are prepared to accept prime movers who have a poor credit...
Many of the deals that we see require some searching around in order to find providers that can help. We specialise in knowing who will deal with difficult sectors or particular issues. For instance,...
We also continuously check the service levels of providers that we come across. We have undertaken comparisons, and once again, we can use these to guide clients who are concerned about receiving...
As a receivables financing brokerage, we have a good grasp of what you need to know about receivables financing and the various options that are on the market....
The differences between providers extend far beyond choosing according to price. Many users tend to discover this once they have already committed to a particular provider. Often this results in us...
If we can help you find an appropriate provider we would be more than happy to assist you in any way that we can and make our knowledge base available....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/what-you-need-to-know-about-receivables-financing.html - When Can You Terminate Your Invoice Finance Facility
Anniversary termination is one misconception that is common amongst existing invoice finance users. We come across many existing users of factoring, and invoice discounting, that are under the...
We have noticed that a number of new clients seem to be under the impression that they can only leave their existing invoice finance company at the anniversary of their facility but there was only...
Within the invoice finance arena, there are generally two ways that agreements work. If you are using a selective invoice finance arrangement, there is typically no minimum period or minimum fees...
The downside of these types of facilities is that it is often cheaper to discount all of your invoices, using a whole turnover style facility, which normally achieves a cost saving whilst maximising...
When using a whole turnover facility, it is typical that the client will enter a contract for a minimum period of 12 months. This is not always the case, it can be shorter or longer and some...
However, in the normal course of business, it is typically a 12-month initial contract thereafter subject to a specified period of notice of termination (normally 3 months). This means that you have...
What clients are often unaware of is the fact that you can give this notice of termination at any time during the year. You do not need to wait until the anniversary of the agreement....
The other exception to the rule is when an invoice finance company agrees to amend the initial offer. For example, they may offer to reduce their fees, or they may increase the funding formula. At...
Every individual situation is different, and we will happily discuss your situation in order to enable you to understand the options. However, providing you have served the minimum term (minimum...
See our related article: How To Get Out Of A Factoring Facility....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/when-can-you-terminate-invoice-finance.html - Why Companies Don't Know About Invoice Finance
I have had an interesting point raised, about the #IFaware campaign, and the research that led to its inception....
Alex Fenton, the Founder of GapCap commented on my LinkedIn article, about #IFaware, asking why I thought awareness levels of invoice finance were so low in the UK....
My opinion about the reasons for the low awareness levels included a couple of aspects. Firstly, our previous research suggests that very few businesses have seen any invoice finance advertising at...
So the irony is that the existing users of accounts receivable financing had seen 6.5 times more advertising for crowdfunding, than for the product that they were using already. You may argue that as...
Furthermore, in other research that we have conducted, those who had seen invoice finance-related advertising said that 84% of it was email-based - so a very direct form of marketing, with very low...
When you consider that less than 1% of UK businesses use invoice finance, I suspect this leads most marketers within our sector, to pursue highly targeted, direct marketing campaigns, rather than...
There is no industry body for the promotion of invoice finance, working on the awareness problem, with cooperation between the various providers - and I am not sure how would individual providers...
Having said this, I feel there would be much merit in such a body and I am sure that some clever marketing and promotion could do a lot with a relatively modest budget....
When you put all these influences together I suspect they lead to the low levels of awareness that we have measured - I would welcome the opinions of others....
The shame of the current situation is that 98% of existing receivables financing users told us that they would recommend these products to others, and you can qualify for factoring even if you have a...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/why-companies-do-not-know-about-invoice-finance.html - Factoring For A New Startup From Winding Down A Recruitment Agency
Circumstances changes and business partners sometimes decide to go their own ways. In this case we needed to arrange a replacement factoring facility when two directors decided to wind down their...
This happened in the case of a recruitment company that one of our partners was funding via recourse factoring, which provides users with both funding against sales invoices and a debt collection...
The director that wanted to set up the new startup business needed funding in order to make it viable. Our funding partner was able to offer the startup the same terms as the old company had enjoyed,...
Buying out the exisiting director was not a requirement in this case, but we have facilitated other deals, like this example in the contruction sector, where money needed to be raised in order to buy...
You may be wondering how you can raise the money required. This is how invoice financing works in simplistic terms....
If the oustanding sales ledger is say £100,000 a funder may be able to release £70,000, or more depending upon the sector, against those invoices. This could be used for any purpose,...
If you need help please either request we call you back or ring Sean on: 03330 113622, for a discussion about the options in complete confidence....
http://www.fundinvoice.co.uk/blog/invoice-finance/post/winding-down-recruitment-agency-startup.html - Zero Effort Invoice Finance Cost Savings
Do you want to save money on your invoice finance costs but don't have time to look around the market for quotes? FundInvoice offer a service that won't take you more than a few minutes to...
http://www.fundinvoice.co.uk/blog/invoice-finance/post/zero-effort-invoice-finance-cost-savings.html - Are Late Payments Getting Later
Is the culture of late payments getting worse in the UK?...
I read a recent piece in Business Money (09/12/19), relating to research undertaken by MarketFinance. The research is based on their analysis of 100,000 invoices which were paid between 2013 and 2019...
According to the article, the typical time to receive payment, following delivery of goods or completion of services is now 45 days - a long time when you may have to pay for staff, raw materials and...
However, in 2019, some 39% of invoices were paid late, albeit a slight improvement from 2018 when 43% were paid late. That is still a very significant proportion....
The more concerning trend is the amount of additional days, beyond terms taken to make these late payments. In 2019, the number of additional days almost doubled to 23 from 12, and the payment term...
This suggests that whilst the proportion of invoices paid late has reduced slightly, it is still significant and it is worrying to see that the amount of additional credit, beyond terms, that was...
If this issue is affecting your business there are steps that you can take to improve your situation. The first is to establish an effective credit control process. There are also other quicker...
This type of late payment can put significant pressure on the cash flow of a small business. This is why many UK SMEs turn to invoice financing as a method of bridging the credit gap between raising...
By using facilities such as factoring and invoice discounting, the solution to late payments, a company can receive prepayments against outstanding, unpaid invoices, and use these to improve their...
If a company has a large sales ledger of outstanding unpaid invoices, the prepayments across all of these can significantly increase its cash position and provide a significant cash injection to the...
http://www.fundinvoice.co.uk/blog/late-payments/post/are-late-payments-getting-later.html - ECO3 And ECO4 Invoice Finance Energy Company Obligation
The Energy Company Obligation (ECO) scheme has evolved from ECO3 to ECO4, continuing its aim of improving energy efficiency in UK households....
Energy Company Obligation is a government energy-efficient scheme that operates in Great Britain. It was launched to help reduce carbon emissions and to alleviate fuel poverty. It achieves this by...
If you are an installer of ECO4 measures seeking invoice finance, there are companies on our panel that are ready to provide that funding....
REQUEST A QUOTE...
The ECO scheme began in April 2013 and has been updated over time. The latest policy ECO4 runs from April 2022 to March 2026. The Home Heating Cost Reduction Obligation (HHCRO) forms the policy....
ECO4 targets low-income, fuel-poor, and vulnerable households by promoting energy efficiency measures, such as insulation and upgraded heating systems....
Energy suppliers are required to meet Home Heating Cost Reduction Obligations (HHCRO) under ECO4 to reduce heating costs for eligible households....
ECO is not a grant or loan scheme, unlike the earlier Green Deal initiative. Instead, it is up to the energy companies to determine which measures they choose to fund, to what level, and via which...
Under ECO4, installers face the same challenges of delayed payments for completed installations. Invoice finance continues to be a useful solution for managing cash flow during this phase of the...
With ECO4’s continued focus on energy efficiency projects, invoice finance helps installers maintain liquidity, cover operational expenses, and scale their operations....
The installers could be involved with the installation of insulation for walls, floors, lofts or boiler improvements etc. Also, they may be providing their services via "intermediary funders" which...
Invoice finance against these invoices is not available from some financiers, however, we have a funder that specialises in helping these installers get prepayments against these invoices when they...
Our funding partner has encountered set-off clauses within the contracts between the installers and the intermediary funders. However, they have had some success in agreeing for this to be removed in...
http://www.fundinvoice.co.uk/blog/late-payments/post/eco3-invoice-finance-energy-company-obligation.html - How To Tell If Your Customer Needs Factoring
There are a number of ways to tell if your customer needs factoring. The purpose of a factoring facility is to alleviate cash flow problems within a business. These occur when the company does not...
Factoring works by releasing cash against unpaid sales invoices that have been issued to your customers (also called debtors). It also provides a credit control service to chase up unpaid invoices....
The first and most obvious way to tell that your customer needs factoring is that you experience a slowdown in their payment of outstanding invoices owed to you. You may notice that the debt turn is...
Often when chased for an invoice, a customer will tell you that they are waiting for other payments to be received before they're able to settle your invoices. If this is the case, then this is...
It is also possible that you may hear of a customer's cash flow problems from other suppliers within your industry sector. We have set up alerts on Google for all the businesses that we deals...
There are a number of other sources of information that can be helpful. Firstly, there are a number of different customer management and credit reference systems that allow you to monitor the...
The other aspect that some of these systems monitor is the company's financial position. If their credit burden starts to exceed their liquidity, i.e. available cash and other assets that can be...
If you have identified that a customer may have cash flow issues, or are taking longer to pay you, you could consider referring that company to an organisation such as ourselves, that deal with the...
http://www.fundinvoice.co.uk/blog/late-payments/post/how-to-tell-if-your-customer-needs-factoring.html - Invoice Financing Your Solution For Unpaid Invoices FundInvoice
Are you a UK business grappling with the challenge of unpaid invoices? If so, you're not alone. Many UK companies, from startups to established enterprises, face this issue. It can disrupt your...
Invoice financing is a financial solution that allows businesses to borrow money against their outstanding invoices. Instead of waiting for clients to pay their invoices, which can take weeks or even...
REQUEST A QUOTE...
Let's say your business has provided goods or services to a customer, and you've issued an invoice. However, the client's payment terms are 60 days, and your business needs the funds...
With invoice financing, you can sell your unpaid invoices to a finance provider, such as those FundInvoice can introduce you to, and receive up to 90% (or even more in some cases) of the invoice...
Invoice financing offers several benefits for businesses dealing with unpaid invoices:...
At FundInvoice, we understand the challenges UK businesses face with unpaid invoices. We offer a simple, fast introduction to invoice financing services to help you unlock the cash tied up in your...
Our process is straightforward:...
Unpaid invoices don't have to be a roadblock to your business's success. With invoice financing sourced through FundInvoice, you can turn those outstanding invoices into immediate cash,...
Ready to take control of your cash flow? Request a quote from FundInvoice today and discover how invoice financing can transform your approach to managing unpaid invoices....
http://www.fundinvoice.co.uk/blog/late-payments/post/invoice-financing-your-solution-for-managing-unpaid-invoices.html - The Role of Invoice Finance in Reducing Payment Default Risks
This post explores the role of invoice finance in reducing payment default risks and how to mitigate the risk of customers defaulting on payments....
It also sets out a comprehensive list of the ways that a business can mitigate the risk of customer default and non-payment....
COMPARE QUOTES NOW...
Late payments are a common challenge for businesses of all sizes, often leading to cash flow disruptions, operational delays, and even potential insolvency....
Payment default risk - the risk that a customer will fail to pay on time or at all - can severely impact a business’s ability to meet its financial obligations. This issue is especially...
Payment default risk occurs when a customer fails to settle their invoice within the agreed payment terms, leading to late or non-payment. Businesses typically extend credit to customers, allowing...
While this is standard practice, it also exposes businesses to the risk that their customers may delay payment or, in the worst cases, fail to pay altogether due to financial difficulties,...
The consequences of payment defaults can be devastating. Without regular cash inflows, businesses may struggle to pay their own suppliers, meet payroll, or meet their own financial obligations....
Invoice finance is a financial solution that allows businesses to unlock the value of their unpaid invoices, providing immediate access to cash. Rather than waiting weeks or months for customers to...
There are two primary forms of invoice finance:...
Invoice Discounting: The business retains control over its credit management and collection processes, but the invoice finance provider advances funds based on the outstanding invoices....
Factoring: The provider takes over the credit management and collection processes, freeing up the business from chasing payments....
Some invoice financing agreements also offer protection against bad debts, often called "non-recourse"....
See our Guide To Invoice Finance for more details on how these facilities work and the different types of products on offer....
Invoice finance offers several key benefits that directly address the risks associated with payment defaults:...
With invoice finance, businesses receive funds quickly, typically within 24 hours after submitting an invoice to the provider. This immediate cash injection means that businesses are no longer...
Many invoice finance providers offer credit control services as part of their factoring service. This means they will take on the responsibility of collecting payments from customers, freeing the...
Some invoice financing arrangements offer non-recourse options, where the invoice finance provider assumes the risk of bad debts. Depending upon the level of cover provided, if a customer defaults on...
This is a particularly attractive option for businesses that are concerned about the creditworthiness of their clients or that operate in industries with a higher risk of default. Providers will also...
See how we helped a recruiter based in Ireland access a Protected Confidential Invoice Discounting facility to provide cash flow and protect against bad debts....
When selecting an invoice finance provider, it’s important to consider several factors to ensure they can help reduce your business’s exposure to payment default risks:...
Brokered invoice finance can enable a business to make cost savings by ensuring they secure the most competitive funding solutions available. Unlike going directly to a single provider, or searching...
Additionally, brokers can help negotiate flexible terms and reduce unnecessary costs associated with rigid contracts. This approach allows businesses to take the hassle, workload and risk out of...
Beyond reducing payment default risks, invoice finance can also support other aspects of business financial management:...
Regular cash flow from invoice finance allows businesses to meet their financial obligations on time, which can help maintain or even improve their credit rating. A stronger credit rating, in turn,...
By using invoice finance, businesses can focus on growth rather than dedicating time and resources to managing late payments. The stability provided by regular cash flow allows them to invest in new...
Invoice finance is a valuable tool for reducing payment default risks and maintaining healthy cash flow. By enabling businesses to access funds tied up in unpaid invoices, invoice finance reduces the...
Whether through credit control support or non-recourse facilities, businesses can safeguard themselves against late payments and bad debts. For companies facing cash flow challenges or concerned...
If your business is struggling with late payments or cash flow uncertainty, consider exploring invoice finance options to protect your cash flow and mitigate the risk of payment defaults....
In addition to the role of invoice financing, there are many other ways of mitigating the risk of customers defaulting....
Here’s a comprehensive list of practical ways businesses can mitigate the risk of customers defaulting on payments:...
By employing some of these additional strategies, businesses can take a proactive and layered approach to reducing the risk of customer defaults and safeguarding their financial stability....
http://www.fundinvoice.co.uk/blog/late-payments/post/the-role-of-invoice-finance-in-reducing-payment-default-risks.html - This Is Exactly The Problem Invoice Finance Solves
Whilst at an event the other evening, I met somebody that ran their own specialist clothing manufacturing company....
They started telling me about how they were raising a small amount of finance for their business, via a crowdfunding site, but that there was a more significant problem that faced businesses like...
They went on to explain that one of the big biggest problems that stops them taking on new large orders is the issue of getting paid by the debtors, with the issues becoming more significant the more...
The way that an invoice funding facility works is that when you raise your sales invoice, on credit terms e.g. 30 days, you receive a pre-payment from the finance company immediately - without...
The conversation went on to cover "is that a service that my bank are likely to offer?". This is a typical response that we get from small business owners. In the majority of cases they go straight...
If you are in a similar situation, and late payments from customers are affecting your cash flow, invoice finance is a simple solution that will solve the late payment problem....
http://www.fundinvoice.co.uk/blog/late-payments/post/this-is-exactly-the-problem-invoice-finance-solves.html - Ban On Assignment Legal Change
New legislation to prohibit ban on assignment clauses is due to go before Parliament in the autumn of 2018 (according to a recent article by our friends at Pulse Cashflow). If there are no issues...
Assignment is the process by which factoring and invoice discounting companies take ownership of a sales invoice, issued by one of their customers. This enables the funding process against that...
Ban on assignment clauses are featured in some sets of contractual terms and conditions, prohibiting invoices from being assigned to invoice finance companies, restricting the access of some...
Update: New legislation goes to Parliament 10/09/18...
Legislation passes into law....
http://www.fundinvoice.co.uk/blog/law/post/ban-on-assignment-change.html - Ban On Assignment Has Been Outlawed
Receivables financing in the UK has taken a step forward as The Business Contract Terms (Assignment of Receivables) Regulations 2018 No. 1254 has come into effect in the UK, I previously wrote about...
The new legislation makes null the effect of "ban on assignment" (BOA) clauses, which were previously included in contracts by some large organisations to prevent their suppliers from using forms of...
The legislation sets out the definition of a receivable as the right to be paid, under a contract, for the supply or goods, services or intangible assets....
Full details of the assignment of receivables legislation can be found on the Government's legislation site, but it includes the following paragraph:...
"Subject to regulations 3 and 4, a term in a contract has no effect to the extent that it prohibits or imposes a condition, or other restriction, on the assignment of a receivable arising under that...
With regard to the exceptions mentioned in that clause, regulation 3 sets out an exception if the receivable is owed to large enterprises or special purpose vehicles. Regulation 4 sets out certain...
The hope is that this will make access to invoice finance easier for many UK SMEs, and it will avoid risky workarounds that have been used by receivables financiers to cope with BOA clauses. I am not...
http://www.fundinvoice.co.uk/blog/law/post/ban-on-assignment-is-outlawed.html - Advances Against Government Funding Instalments With Education Finance
Education finance provides advances against your government funding instalments so that you don't have to wait to get paid before you make expenditure. You can use those funds immediately...
Waiting for the Government to pay your funding instalments can cause cash flow pressures for organisations within the education sector. Education sector finance is a kind of specialist funding that...
You only pay for what you use so there are no minimum monthly fees to worry about....
The funding is calculated against your annual payment profile for the whole year, so you can get funding up front i.e. advances, to be able to:...
Education finance provides advances against government funding and can be provided to:...
These specialist funders are able to help a wide range of organisations within the education services sector, including:...
http://www.fundinvoice.co.uk/blog/loans/post/advances-against-government-funding-instalments-education-finance.html - Bridging Loan Price Updated Cost From One Of Our Panel Of Lenders
Our panel of finance companies advise us of their price for bridging loans regularly but the pricing is going to be unique to your company. Therefore, the best option is to get a no-obligation quote...
GET A QUOTE NOW...
The bridging loan price for a company is normally quoted as a percentage per month, with rolled-up interest, with a set bullet payment at the end of the term of the loan....
Bridging loans can be used to purchase commercial property in situations where rapidly agreed funding is necessary to make a purchase. Often, a mortgage application may be in process, which will be...
The loan's value can be between £25,000 and £20 million, with a term of up to 12 months....
Limited companies, even start-ups can be eligible for this kind of finance, and even adverse credit history will be considered by some providers....
Rolled-up interest means that you do not pay the interest as it accrues, until you repay the principal value of the loan, at the end of the term. This means that you have no monthly repayments to...
It does mean that the interest payments will also increase the principal sum due, hence future interest will be charged on the overall amount, although the nature of this bridging finance is that is...
The bullet payment at the end of the term means a lump sum repayment of the full value of the loan (including the interest that has accrued) which is due at maturity of the loan....
If you would like more details please contact Sean on 03330 113622 or use our enquiry form for more details about business bridging loans....
See our comprehensive Guide To Bridging Loans....
More information about business loans....
http://www.fundinvoice.co.uk/blog/loans/post/bridging-loans-price-cost.html - Business Cash Advance Against PDQ Machine Receipts
If your company takes card payments you could receive an unsecured loan that is repaid as a percentage of your future receipts through your PDQ machine (Process Data Quickly). This product has just...
This type of cash advance against your PDQ card payments could be made available to:...
You can use the money that you release within your company, for any purpose. This could include:...
You can borrow up to a maximum loan value of 120% of the monthly value of the card payments that you receive. The maximum advance is £150K+....
The cash advance is paid back via a small fixed percentage of your card payment takings. For example, you might agree to pay it back say 10% of your takings....
The beauty of this arrangement is that it accounts for fluctuations in your trading volumes. For example, if you have a bad trading day, you still only repay the same rate of 10% of your takings (in...
You need to be taking at least £4,200 in card payments each calendar month, and this should be over a minimum of 10 separate transactions. You must have been taking card payments for at least 4...
If you like the idea but you don't quite fit the model described above, still get in touch as there are other providers that offer similar services - and other type of funding that might be more...
For details call Sean on: 03330 113622 or request a call from FundInvoice....
http://www.fundinvoice.co.uk/blog/loans/post/business-cash-advance-against-pdq-receipts.html - Card Payment Advances From Nucleus Commercial Finance
We have just had some new literature through from Nucleus Commercial Finance regarding their Business Cash Advance product, BCA....
We have previously documented their BCA offering, but below are the key details once again....
The card payment advance is available to companies that take payments via a card machine. You can borrow up to 120% of your total monthly card payments, up to a maximum of £150,000....
There is no application fee and the product is unsecured. You have to have some trading history, which is explained in my previous post about Business Cash Advance....
The clever part of this facility is that it is only repaid as a percentage of your monthly car payments. That means that if you have a bad trading month, and your card payment receipts are down, you...
This means that this type of finance remains affordable, even if you have a bad month’s trading, or a quiet period....
It is quick and simple to set up this kind of facility, and cash can be made available to you within a few days....
It does not affect your personal credit situation, and there is no fee for you to apply....
Please call Sean on 03330 113622 for help, or you can apply to Nucleus Commercial Finance via our contact form....
http://www.fundinvoice.co.uk/blog/loans/post/card-payment-advance-nucleus.html - Cash Flow Loans
We have had enquiries recently seeking cash flow loans, and we have also seen several invoice finance companies extend their product portfolios to include business loans....
The purpose of a cash flow loan is normally to finance the trading of a company, maybe to handle large orders or to enable the company to pursue business growth....
REQUEST A QUOTE...
One of our funding partners has just added Cashflow Advance to their portfolio, a type of cash flow loan. In their case, the cashflow loan can be for up to 20% of the value of the invoice financing...
This product delivers a significant uplift in funding over the medium term which can be used to assist with various situations such as:...
The terms offered have varied widely. We have seen interest rates promoted varying dramatically. You will need to get a quote to find out the rate that will apply to your particular circumstances....
Whilst everyone would love to select the providers at the bottom of the spectrum - or even the banks that may offer even lower interest rates (to the right customers), it is often a case of finding...
There is something simple and straightforward about a loan. You know how much you are going to get on day one, and you know the term over which you have to repay it. You have regular monthly...
There are variations on the theme, such as offering funding to startups so that they can get on their feet and set up their companies....
Several of the invoice financiers will also offer small top-up loans, that can be used to supplement your invoice finance funding through peak cash flow requirements e.g. seasonal spikes in trading,...
With regard to business loans, the criteria and security required vary between providers. However, once again if you are in a tight spot and need to raise cash, you may take a more relaxed approach...
If you are unable to find the funding you need via the business loan route, there are still alternative options. Receivables finance releases cash from unpaid invoices, and is normally available to...
http://www.fundinvoice.co.uk/blog/loans/post/cash-flow-loans.html - Part 2 Factoring Has Advantages Over A Business Loan
Following on from my previous post about why factoring can be better than a loan, these are the remaining advantages of factoring over those provided by a traditional loan....
One of the key aspects of a factoring facility is that you receive a credit control service, to collect your outstanding sales invoices....
This can often replace the need to undertake this task yourself, or the need to employ credit controllers. Depending upon who undertakes the task at present, this will either free up a significant...
Factoring can be cost neutral, or even profitable in some cases. Once you take into account benefits such as the credit control service, the cost savings from these can be offset against the cost of...
According to figures from the industry body, customers tend to pay factoring companies more quickly than they pay their suppliers. This can create a cash flow benefit for your business....
When you compare the amount of finance that you're able to raise through a factor, with the value of the loan that a finance company is prepared to offer, it is often the case that factoring...
In addition to the benefits stated above you have the option of adding bad debt protection to your factoring facility. This can protect you against your customers becoming insolvent and being unable...
http://www.fundinvoice.co.uk/blog/loans/post/factoring-advantages-over-loans.html - How Business Loans Compare Between Lenders
I had an interesting request recently, one of my contacts wanted my input regarding how a new business loan company was likely to fit into the marketplace, and what the existing market space was...
There does seem to be a growing demand for business loans at present. We have a number in the pipeline as we speak, in addition to having completed some fairly substantial c. £100K lends. I...
Business loans feel like a very straightforward product, that people can easily understand i.e. you borrow a sum, and repay it in installments, over an agreed period. So the simplicity is appealing....
There seems to have been a number of providers of invoice finance, expanding their product offerings to move into the loan sector, MarketInvoice and Nucleus Commercial Finance to name just two recent...
The key point for me about any new loan provider would be "what is unique about their offering?". For example, this could include aspects such as:...
So the degree to which the offering is unique would drive it's usefulness in helping clients that are seeking a business loan....
http://www.fundinvoice.co.uk/blog/loans/post/how-business-loans-compare-between-lenders.html - How To Get A Small Business Loan
Below we explain how to get a small business loan....
If you want to maximise your chances of approval, please call us on 03330 113622 and we will take you step-by-step through the process....
COMPARE QUOTES NOW...
For many UK-based companies, securing a commercial loan for a small business is a step towards achieving growth and stability....
Accessing this type of financing can be helpful whether you are looking to expand your operations, invest in marketing or new equipment, or simply improve your cash flow. Getting financing in this...
This guide to getting a small business loan will walk you through the various types of small business loans available, the application process, and tips for increasing your chances of approval....
You need to understand the different types of small business loans available to help you choose the best option for your business needs. Here are some of the most common types:...
Remember that other alternative forms of business funding are often more accessible to small businesses, such as invoice finance....
See our related article about Invoice Factoring For Small Business Customers....
You can also consider using a stock finance loan in addition to any existing receivables financing facility....
The cost of the loan, repayments and the APR (Annual Percentage Rate) are all going to be specific to your particular circumstances, the amount borrowed and the term of the loan. Once we complete a...
The process of applying for a small business loan can seem daunting, but breaking it down into manageable steps can make it more straightforward. A broker can help you through this process....
Before you apply for a loan, ensure you have a clear understanding of how much money you need and what you will use it for. This will help you choose the right type of loan and your lender will want...
Your personal and business credit scores play a significant role in loan approval. A higher credit score can improve your chances of getting approved and securing better interest rates. Obtain your...
Lenders will require various financial documents to assess your business's financial health. Commonly requested documents include:...
If you choose to do the research yourself, bear in mind that not all lenders are the same. Research different lenders to find those that offer loans suited to your business's needs. Consider...
A well-prepared business plan can significantly enhance your loan application. Your business plan should outline your business goals, market analysis, financial projections, and how the loan will...
Once you have gathered all the necessary documents and prepared your business plan, it's time to submit your small company loan application. Ensure that all information is accurate and complete...
Securing a small business loan can be difficult. Here are some tips to improve your chances of approval:...
Establishing and maintaining good business credit can make a big difference in your loan application. Pay your bills on time, keep debt levels low, and regularly review your credit reports....
Lenders look for businesses that demonstrate financial stability and growth potential. Maintain accurate financial records, show consistent turnover growth, and manage expenses effectively....
A capable and experienced management team can boost lender confidence. Highlight the expertise and achievements of your management team in your business plan....
Providing additional security, such as a charge over a commercial property, can lower the lender's risk and increase your chances of approval. Assets to offer as security can include property,...
Consulting with a commercial loan broker can provide valuable insights and assistance in navigating the loan application process. They can help connect you with suitable lenders....
Requirements vary by lender, some lenders may accept lower scores, but this could result in higher interest rates....
The approval time can vary depending on the lender and loan type. Traditional bank loans may take several weeks, while online lenders can often provide approval within a few days....
Yes, new businesses can qualify for loans, although it may be more challenging. Other options, such as small business factoring, may be easier to secure if you are a new business....
Small business loans can be used for various purposes, including working capital, buying stock, purchasing equipment or marketing....
Securing a small business loan requires careful planning, research, and preparation. By understanding the types of loans available and following the steps outlined in this guide, you can increase...
See our related article: Business Startup Loans...
Read this post about: Small Business Finance Options...
See our article for more general information about How To Get A Business Loan...
http://www.fundinvoice.co.uk/blog/loans/post/how-to-get-a-small-business-loan.html - Increase Overdraft
"Please increase overdraft" - it sounds like a desperate plea to your bank manager!...
Many UK businesses use this kind of traditional bank finance, our high-growth business research found fast-growth businesses relying on loans (43%) and overdrafts (31%). We also found that 44% of...
The British Banking Association figures published 30th June 2017, showed 2 out of 10 SME applications being turned down by banks, that's 20% that don't get approved for the funding that...
There are forms of alternative finance to traditional overdrafts (OD) or loans, invoice finance is one of the options. It is a little-known option, with 1 in 3 eligible businesses telling our recent...
Perhaps you are already at your maximum overdraft limit or are worried about what happens if you go over your overdraft. Our research has indicated that far greater levels of funding can often be...
Many people do not even bother applying for finance as they fear that they will get turned down for it. We have lenders on our panel that will provide invoice finance, on the strength of your debtor...
So rather than having to ask your bank manager "Can I increase my overdraft limit?" you might be interested in looking at an alternative finance option that is not based on your financial strength,...
http://www.fundinvoice.co.uk/blog/loans/post/increase-overdraft.html - Inksmoor Finance Group Launch Inksmoor Capital Secured Loans.
Inksmoor Finance Group have announced the launch of Inksmoor Capital, secured business loans....
REQUEST A CALL FROM INKSMOOR...
Inksmoor Capital secure business loans offer customers the affordability of traunche of capital up front, repaid (with interest), over the term of the loan. The fixed monthly payments make it easy to...
The capital can be used for purposes such as:...
inksmoor Group's Managing Director, Sarah Radley said "The addition of secured loans complements our existing product range and our wider product offering"....
There are a number of other business financing products within the Inksmoor portfolio of products. They include:...
Inksmoor's invoice financing is delivered under two product types, Flex and Plus....
The Inksmoor credit control offering enables clients to outsource their credit control activity, saving money on retaining (and accomodating) in house credit controllers. The service can operate...
Back office support provides outsourcing of business support services including:...
http://www.fundinvoice.co.uk/blog/loans/post/inksmoor-capital-secured-loans.html - Invoice Finance Ranks As Highest Alternative To A Loan
Research conducted by MarketFinance (reported by Business Money 23/03/20) canvassed the views of business owners about the range of measures being offered by the UK Government, to support them...
Some 67% said they believed that funds would not reach them in time and that they would run out of cash before Easter....
Whilst this is concerning, there are established independent funders that can deliver funds within a few days....
SEEK FUNDING NOW...
Only 52% are apparently considering using the Coronavirus Business Interruption Loan Scheme (CBILS) to support their businesses, because 67% already have a pre-existing loan, and having to make...
With the research suggesting that a third of businesses expect at least a 50% reduction in revenue, it is not surprising that they are cautious about taking on additional loans, that they may...
There are alternatives to taking out, and having to repay business loans. In the study, borrowing against invoices for completed work was the highest-ranked alternative to taking out a loan with 48%...
See our: Guide To Invoice Funding....
The advantage of funding against invoices is that instead of taking on the debt associated with a loan (that you repay in instalments), you are releasing the funds from invoices for work already...
You can do this for all your sales ledger or you can opt for a selective facility whereby you choose invoices to be funded, without any commitment. You can usually also take out this type of funding...
Whilst payment terms in the UK are typically stated on invoices as 30 days, customers will frequently take longer to pay. The impact of the virus, and the lockdown is likely to see customers taking...
http://www.fundinvoice.co.uk/blog/loans/post/invoice-finance-highest-alternative-to-loan.html - New Rates For Marketinvoice Business Loans
Marketinvoice, are members of our funding panel, and have just released new rates for their business loans....
The new business loan rates are from 1% per month....
Loan terms and criteria are as follows:...
REQUEST A CALL FROM MARKETINVOICE...
In addition to loans, Marketinvoice also offer a range of different receivables financing services, including selective, full turnover options and fixed fee options....
Read more: information about MarketInvoice...
http://www.fundinvoice.co.uk/blog/loans/post/marketinvoice-loan-new-rates.html - Need A 100K Business Loan
What could you do with a cash injection of £100,000 into your business?...
That is exactly the kind of business loan that we have secured for clients, and that level of funding is far more available than you might think....
You could use that money within your business for almost any purpose....
£100K is a lot of money, and you could put it to good use within your company. Some of the possible uses could include:...
There are many other purposes that you could use that money for, please speak to us about what you need, and we will see what can be found for you, without any obligation for you to go ahead. Please...
http://www.fundinvoice.co.uk/blog/loans/post/need-a-100000-100k-business-loan.html - Nucleus Commercial Finance Lowers Unsecured Loan Rates
Business loan rates from just 7%....
We have just been advised that Nucleus Commercial Finance have lowered their unsecured business loan rates. Their interest rates now start from a 7% flat rate, to borrow up to £100K with no...
The loan rate is determined according to the credit status of your company, and the term of the loan that you require. The "term" is the period over which the money is to be repaid, and it is agreed...
This lender is able to provide an approval decision within just 24 hours, and they ensure that you deal with just one point of contact throughout the entire process. This means that you won't...
REQUEST A CALL FROM NUCLEUS COMMERCIAL FINANCE...
If you are interested in comparing rates with other providers, please give us a call and we will put you in contact with a company loan specialist: 03330 113622....
They will help you check the marketplace to find the most competitive sources of funding....
In addition to business loans, Nucleus are also able to offer invoice financing facilities to a broad range of industry sectors, including the construction sector. They have a reputation of being...
Invoice financing is a service whereby you receive a prepayment against the face value of each of your unpaid sales invoices, raised to business customers, on credit terms. This creates an injection...
Since writing this, Nucleus Commercial Finance have lowered their lowest interest rate to 5% for some unsecured business loans....
http://www.fundinvoice.co.uk/blog/loans/post/nucleus-commercial-finance-lowers-unsecured-loan-rates.html - The Recovery Loan Scheme And Alternatives
The Recovery Loan Scheme (RLS) is a new government-backed loan scheme announced in the Spring 2021 budget. It is a scheme to support the growth of UK businesses as they grow and recover from the...
UPDATE: THE RECOVERY LOAN SCHEME IS NOW CLOSED BUT SEE THE ALTERNATIVE OPTIONS AND THE GROWTH GUARANTEE SCHEME...
The existing loan schemes, the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS) are due to close to new applications on the 31st March 2021. The new RLS...
The RLS is for businesses of any size and enables them to access a loan of between £25,001 and £10 million or invoice finance from £1,000 up to £10M. The money can be used for...
To apply for a loan you must be a business trading in the UK (please note that FundInvoice only deals with UK limited companies). To be eligible your business must have been viable were it not for...
Businesses that were supported under the previous Covid-19 guaranteed loan schemes will still be eligible for this scheme. Certain types of organisations are not eligible (see the government's...
There will be affordability checks for this scheme (a new addition), which may be an issue for some applicants. Also, as only 80% of the loan value is guaranteed by the Government, the lender will be...
Even if you don't meet the criteria for the Recovery Loan Scheme, fail to qualify, or are rejected for any reason, there are still likely to be other alternative forms of business finance...
Please call Sean on 03330 113622 for support, and to discuss the alternatives....
http://www.fundinvoice.co.uk/blog/loans/post/recovery-loan-scheme-alternatives.html - Recovery Loan Scheme Versus CBILS
Recovery Loan Scheme (RLS) is the new government initiative to replace CBILS and BBLS (the loan schemes that have now closed to new applications). I wrote about it in my previous post following its...
UPDATE: THE SCHEME IS NOW CLOSED BY SEE BUSINESS LOAN ALTERNATIVES...
In the following video I take a look at the differences between the two schemes, the Recovery Loan Scheme versus CBILS, and how that is likely to affect the propensity to lend amongst those offering...
I wanted to find out if people are searching online for RLS. Using Google Trends I compared the volume of search traffic for the two schemes, which revealed some insight into the level of demand....
The following video details my findings when I compared the search traffic in Google, in the UK:...
When you compare the two schemes, there appears to be less profile or less demand for the new scheme. It could be either, or both of those factors driving the number of searches that are being seen...
There could be a number of reasons for this. The level of publicity appears to have been lower for the more recent scheme. It may be that the original scheme satisfied the majority of demand, or it...
http://www.fundinvoice.co.uk/blog/loans/post/recovery-loan-scheme-versus-cbils.html - RLS Recovery Loan Scheme Invoice Finance
Reminder just in from one of our panel of finance companies outlined the Recovery Loan Scheme. It reminded us that it can include Recovery Loan Scheme Invoice Finance. This is in addition to term...
UPDATE: THE RLS SCHEME IS NOW CLOSED BUT PLEASE SEE THE BUSINESS LOAN ALTERNATIVES...
The reminder went on to set out that they can provide facilities of up to £10M and that they are accredited to offer these services by the British Business Bank (a requirement for all funders...
You can still access this scheme even if you already have taken out a BBLS or CBILS loan. Therefore you can use this as top-up funding for your company....
No personal guarantees will be taken on facilities up to £250,000, and a borrower’s principal private residence cannot be taken as security. This will give huge peace of mind to some...
It was a timely reminder that the Recovery Loan Scheme (RLS) includes invoice finance options. These can be accessed by both new and existing invoice finance users. The RLS can be used to top up your...
The RLS offers customers the benefit of an 80% Government-backed guarantee. This means that lenders are more likely to look favourably on an application, as they know that the lending is 80%...
You may want to know the alternatives if you don't qualify for the Recovery Loan Scheme. Well, there are nearly always options. We have a panel of funders that offer business loans and invoice...
http://www.fundinvoice.co.uk/blog/loans/post/rls-recovery-loan-scheme-invoice-finance.html - Topping Up Invoice Finance With A Business Loan
We have had some interesting situations recently where customers are growing so fast that their need for working capital is actually outstripping the funding released by their invoice finance...
When a business is going through a very high growth phase, it can be a case of the volume of trade being limited only by the amount of working capital that the company can access to pay for raw...
Several of our portfolio of invoice finance clients are growing very rapidly, and in a few cases, their needs for capital are outstripping the 85% or even 90%, of invoice value, released by their...
It may be possible to access some form of top-up business loan, in addition to an existing invoice finance facility. This can be arranged if you are an existing client of ours or even if you are not,...
If there are any other assets available as security, it could be a very simple situation to leverage them in order to secure additional funding. However, even without additional assets, there are...
Our partners that deal with sourcing business loans for clients have access to a full range of providers, that can look to structure a loan based on your particular circumstances. Business loans may...
Clients often assume that because a bank won't give them a loan - they won't get one elsewhere. That is not the case, there are many alternative lenders that may be able to help when your...
One word of caution, I hear rumours that some lenders are increasing interest rates and taking tougher stances about who they will lend to, off the back of an increase in defaults and bad debts that...
Please contact Sean on 03330 113622. ...
http://www.fundinvoice.co.uk/blog/loans/post/topping-up-invoice-finance-with-a-business-loan.html - Using Invoice Finance To Pay Off Debt
The amount of business loans taken out in the wake of the coronavirus pandemic has seen the debt burden on UK companies soar to record levels. Whilst many of these loans carry an initial payment...
Loans can create a debt burden for a company, in that they have to be fully repaid (plus interest) over the term of the loan. The term may be several years, but over that period of time, the full...
One form of revolving business finance is invoice finance (also called receivables funding). The funder advances you money against your outstanding sales ledger of unpaid customer invoices. So unlike...
This means that a typical UK company, with say 2 to 3 months of sales invoices outstanding, could release a significant proportion of their unpaid sales ledger immediately (the funding given is a...
If you are concerned about the burden of debt and loans that you are facing, we would be pleased to explain how you could pay off debt using invoice finance....
http://www.fundinvoice.co.uk/blog/loans/post/using-invoice-finance-to-pay-off-debt.html - Part 1 Why Factoring Can Be Better Than A Business Loan
If you are looking for a business loan, you may be interested in understanding why factoring can be better than taking out a business loan - before you proceed....
GET A FACTORING QUOTE...
These are the reasons why factoring can be a better option for funding your business than taking out a business loan....
When you take out a business loan, it is for a fixed amount and that amount reduces as you make repayments against the loan, over the term of the loan. This continues such that once you make your...
However, with factoring you receive prepayments against the invoices that you raise. Providing your sales ledger remains at a stable amount, your level of prepayments will remain similarly stable....
This means that whilst the facility is "revolving", i.e. old debts are being paid off new debts are taking their place, overall the amount of funding can remain very similar to the amount initially...
What's more, if your turnover grows and your sales ledger increases, so does the amount of funding that is released. In this way, the facility actually grows with your business, unlike a loan....
See this comparison between the Funding From A Loan And Invoice Finance....
One of the benefits of a factoring facility is that it is a lower risk to the lender because they undertake the credit control of your sales ledger. This means that they do not require the same...
As the factor has control of the sales ledger, which is the asset that is securing your facility, they are normally able to take a more flexible approach to the types of business that they will...
For example, businesses that are in a CVA, have County Court judgements or have similar poor credit history can often access factoring - even though they may have been declined for a regular business...
Read Part 2 of this article....
http://www.fundinvoice.co.uk/blog/loans/post/why-factoring-can-be-better-than-a-business-loan.html - Scalable Invoice Finance For Rapidly Expanding Manufacturers
In manufacturing companies, the ability to scale operations rapidly is a critical factor for success....
As manufacturers navigate the challenges of expanding their business, managing cash flow effectively becomes paramount. This is where scalable invoice finance emerges as a game-changer, offering a...
APPLY FOR INVOICE FINANCE NOW...
Manufacturing is an industry characterised by high overheads, significant investment in raw materials, and often, extended payment terms with clients. This combination can create a cash flow gap that...
Invoice finance, also known as accounts receivable financing, allows manufacturers to access funds tied up in unpaid invoices. Instead of waiting for clients to pay, manufacturers can receive a...
The most apparent advantage of scalable invoice finance is improved cash flow. By converting sales into immediate cash, manufacturers can avoid the pitfalls of delayed payments. This steady cash flow...
For manufacturers on a growth trajectory, invoice finance is particularly beneficial. As order volumes increase and production scales up, the need for working capital intensifies. Scalable invoice...
Unlike traditional loans, which often come with rigid terms and fixed repayment schedules, invoice finance offers flexibility. Manufacturers can choose which invoices to finance (or can finance them...
Manufacturers looking to expand rapidly may find traditional lending options limiting. Banks often require extensive documentation, collateral, and a lengthy approval process. In contrast, invoice...
Selecting the right invoice finance provider is crucial. Manufacturers should look for partners who understand the manufacturing sector and can offer tailored solutions. The ideal partner should...
While invoice finance provides numerous benefits, it’s important to understand the costs involved. These may include service fees, discount fees on the advanced amount, and any additional...
Implementing invoice finance should be seamless and not disrupt existing business processes. Manufacturers need to ensure that the finance solution integrates smoothly with their accounting systems...
It’s important to consider the impact of invoice finance on customer relationships. Some manufacturers may be concerned about how their clients will perceive the involvement of a finance...
Scalable invoice finance offers a powerful tool for manufacturers looking to expand rapidly. By providing flexible, accessible funding tied to sales, it addresses the cash flow challenges inherent in...
As manufacturers embark on a journey of rapid expansion, they encounter a myriad of challenges that can impede growth. Understanding these challenges is the first step towards finding effective...
Rapid expansion often means increased production, which in turn requires a robust and reliable supply chain. Manufacturers must navigate the complexities of sourcing raw materials, dealing with...
Expansion requires investment – in equipment, technology, and human resources. However, tying up too much capital in these investments can strain cash reserves. Manufacturers need to strike a...
The manufacturing sector is often subject to market fluctuations. Changes in consumer demand, economic shifts, and global events can all impact a manufacturer's business. Being able to quickly...
As manufacturers grow, so do their customer bases. Meeting the increasing demands of a larger customer base, both in terms of volume and quality, is a significant challenge. This often requires...
Scalable invoice finance can be a strategic tool in addressing these challenges, providing manufacturers with the agility and financial stability needed for rapid expansion....
By improving cash flow, scalable invoice finance allows manufacturers to pay suppliers promptly, securing better terms and fostering strong supplier relationships. This can lead to more efficient...
With improved cash flow, manufacturers can make strategic investments without depleting their cash reserves. This could include investing in new machinery, and technology, or expanding the workforce....
The immediate cash injection from invoice finance can provide a buffer against market fluctuations. Manufacturers can use this financial cushion to adapt their strategies, whether it’s ramping...
With consistent cash flow, manufacturers can focus on meeting and exceeding customer expectations. This could involve scaling production, improving product quality, or investing in customer service....
To fully leverage the benefits of scalable invoice finance, manufacturers should adopt best practices in its implementation....
Regularly reviewing financial performance is essential. This helps manufacturers understand their cash flow needs and how invoice finance can be optimally used to support growth. Reviewing your...
Efficient management of invoices is key. This includes timely invoicing, accurate record-keeping, and clear communication with customers regarding payment terms....
A strong relationship with the invoice finance provider can lead to more tailored solutions and better support. Open communication and regular updates about the business’s growth and changing...
Utilising technology can streamline the invoice finance process. Many providers offer platforms that integrate with accounting software, making it easier to manage invoices and track financing....
Navigating the challenges of rapid expansion requires strategic financial management. Scalable invoice finance emerges as a vital tool for manufacturers, offering the flexibility and stability needed...
In a rapidly evolving economic landscape, manufacturers must not only adapt to current challenges but also future-proof their businesses. Scalable invoice finance plays a pivotal role in this,...
As manufacturers plan for the future, scalability becomes a key consideration. Scalable invoice finance aligns with this need, offering a financial solution that grows with the business. This ensures...
Economic uncertainties are an inevitable part of the business landscape. Scalable invoice finance provides a level of financial resilience, allowing manufacturers to navigate through unpredictable...
The manufacturing sector is undergoing a technological revolution, with advancements like automation and artificial intelligence transforming operations. Scalable invoice finance can facilitate...
Sustainability is becoming increasingly important in manufacturing. Implementing sustainable practices often requires investment in eco-friendly technologies and processes. Scalable invoice finance...
Scalable invoice finance stands out as a versatile and strategic financial tool for rapidly expanding manufacturers. By providing flexible and scalable funding, it addresses the immediate cash flow...
Invoice finance is based on unpaid invoices and provides immediate cash based on sales, whereas a traditional loan is a fixed amount with a set repayment schedule and often requires collateral....
Yes, scalable invoice finance is suitable for manufacturers of all sizes, including funding new and small businesses, as it is based on invoice values rather than the size of the company....
Funds can typically be accessed within 24-48 hours after the invoice is submitted and approved by the finance provider....
Invoice finance is generally suitable for most industries, but it may not be ideal for businesses with long-term project-based work where invoices are not raised frequently or those that trade on...
If managed professionally, invoice finance should not negatively impact customer relationships. Some finance providers offer confidential services where customers are not aware of their involvement....
http://www.fundinvoice.co.uk/blog/manufacturing/post/scalable-invoice-finance-for-rapidly-expanding-manufacturers.html - Would You Like To Feature On Our Website & In Our Magazine
Would you like your business to feature on the FundInvoice website, in our monthly magazine and on our social media channels?...
How about running a series of articles highlighting your organisation, with a response link that prospects can use to contact you?...
REQUEST DETAILS...
We have had a couple of enquiries recently from businesses wanting to feature on our various channels. Its not something that we have given much thought to previously (although we included the...
In view of these requests we have put together some more details below....
The parties that follow our various channels will tend to be from businesses that have shown some interest in business financing at some point. The other segment of our audience are individuals from...
At present our monthly magazine goes out to over 4,200 active subscribers that have expressed some interest in invoice finance, or business finance in the past. Within our subscriber base there are...
Our content is usually shared via our social media channels: LinkedIn (over 1,300 connections), Facebook, Twitter (over 3,300 followers), Instagram, Pinterest and Tumblr. We also have a YouTube...
Either you could provide the content (we do ask that it is original), or we can help you produce that. This can be featured as a post on our blog, shared via our magazine and promoted through our...
A series of related pieces is likely to be more effective than a single piece, so we are able to offer you a promotional package to fit most budgets. For help please contact Sean on 03330 113622 or...
http://www.fundinvoice.co.uk/blog/marketing/post/feature-in-fundingvoice-and-our-website.html - Are Social Media Likes And Shares Free
Social media promotion is slightly off my normal subject matter, but something that I am involved with a lot as part of promoting FundInvoice. This is not a comprehensive "how to" but more a post...
I would also like to mention how much I appreciate those that regularly share, like and comment on our content - it is very much appreciated....
I don't have any magic formula to share, but I do think there is a big piece about being genuine, and reciprocation. I can only tell you how I do it, and it seems to be reasonably productive -...
There are also a lot of new relationships forged, beyond just customer relationships, that have arisen from our activities online. By being seen, we receive contact from new providers, and we have...
I always try to keep my posts, comments, likes etc. genuine. The subject matter is generally on topic, and the content is of a quality that I think will interest the types of people that follow me....
My second pet hate is people that think that receive a number of likes, shares etc. but never reciprocate. OK, perhaps your content is so groundbreaking that it warrants one-way adoration, but most...
I always look for the opportunity to like or share other people's content on the social media platforms that I use e.g. LinkedIn, Facebook, Twitter, Instagram etc. That is especially the case if...
Some people I am connected to give a quick heads up when they have a new post, I don't mind that occasionally, and it helps avoid missing important posts. The key is not to overuse those kinds...
My suggestions for anyone looking to grow their presence via social media are:...
There are a few related resources that might be of interest to you:...
http://www.fundinvoice.co.uk/blog/marketing/post/free-social-media-likes-and-shares.html - The Growth Marketing Playbook
Download "The Growth Marketing Playbook" without charge, simply by subscribing to our monthly e-newsletter....
The Growth Marketing Playbook is a 139-page e-book packed with growth marketing secrets & tips....
SUBSCRIBE AND GET THE E-BOOK...
IMPORTANT NOTE: When you subscribe, you will receive a confirmation email with a link you must click to confirm your subscription. You will receive an email with the links to download your free...
Subscribe to our monthly magazine FundingVoice using the button below to get your free download. FundingVoice magazine is only sent out once each month and it includes the latest business finance...
The Growth Marketing Playbook has 139 pages that cover the following topics in depth:...
Subscribe using the button above to download your free copy today....
You will also receive a link to download our other free e-book "The Startup Wizard - How To Start A Business" which may be helpful if you are starting a new business....
http://www.fundinvoice.co.uk/blog/marketing/post/the-growth-marketing-playbook.html - The Alternative To Expensive Advertising And PPC Ads
Paying for advertising and pay-per-click every month? When we first started FundInvoice, WE DIDN'T SPEND HARDLY ANYTHING!...
Despite this, we were continually generating leads for our business. Indeed, at times when much of our industry has said that they have been quiet, we have been busy and have built a strong pipeline....
Therefore, Glenn has created "The Growth Marketing Handbook". Anyone can use this toolkit to do the same and stop spending on adverts and pay-per-click campaigns....
THE GROWTH MARKETING PLAYBOOK...
You can spend a lot of money on marketing, without guaranteed results. When we started FundInvoice, we didn't have a budget for advertising and promotion, so we had to rely on cheap, free...
We have repeatedly been asked how we generated leads and new business without spending on advertising and pay-per-click ads through Google, Facebook and the like. Search any industry term online, and...
This type of advertising can cost a fortune, a quick look at Google Adwords (how you advertise in the Google search results) suggests that the cost to reach the top of the search results for the term...
Therefore, to help others avoid spending on PPC and adverts, Glenn produced the "How To" Marketing Toolkit. It sets out step-by-step instructions about how he promotes our business. Anyone can follow...
The Growth Marketing Playbook explains what we do to generate leads for our brokerage, and how you can do the same. Included, are templates for just about every aspect of marketing that you can think...
Please take a look, via the link above, its free to download when you subscribe to our monthly magazine....
http://www.fundinvoice.co.uk/blog/marketing/post/zero-cost-marketing-toolkit-alternative-expensive-advertising-ppc.html - 100 Percent Of Invoice Value Funded Special Offer Just Launched
One of our finance partners has just launched a new special offer to appeal to small businesses. 100% funding against your invoices for businesses looking for a funding line of up to £50,000....
The offer is for businesses that sign our partner's normal agreement of 12 months minimum with a notice period of 3 months and it is only open to businesses where the owner is a home owner and...
This is a very attractive option for small businesses looking to maximise the amount of funding that they can raise against their sales ledger - 100% funding against invoices is very rare!...
http://www.fundinvoice.co.uk/blog/news/post/100-of-invoice-value-funded-just-launched.html - Another 100 Percent Invoice Funding Option
We have added another 100% invoice funding provider to our panel of invoice finance companies. This provider will provide 100% funding to a wide variety of industry sectors, but they are also willing...
I can't think of any other providers that are prepared to fund construction sector invoices at a 100% prepayment....
REQUEST A QUOTE...
The service is a selective invoice financing option, with factoring (credit control service) and bad debt protection as options, and the debtor does need to be sound - turning over at least £1m...
Our client receives a 100% prepayment against their invoices, less the charge that the funder makes for using the service. This method of operation is common within the body shop car crash repairs...
http://www.fundinvoice.co.uk/blog/news/post/100-percent-invoice-funding-options.html - 21% of Businesses Refused Bank Credit Not Told Why
Just read in Business Money that Graydons UK have conducted some research and found that 21% of businesses that are refused credit by a bank are not told why by the bank! Staggering!...
http://www.fundinvoice.co.uk/blog/news/post/21-of-businesses-refused-bank-credit-not-told-why.html - 24 Percent Increase In New Business Prospects
We are really happy to report that on reviewing some statistics from the last year, we have seen...
A fantastic improvement on what we dealt with in the previous year....
This stock take also comes at a time when we seem to be extremely business with new enquiries. Some of you have been kind enough to make introductions to us, in addition to our regular sources of...
As always, all the likes, shares and comments on social media are helping us to grow our web presence - we are very grateful to our supporters for all of those. Long may it continue!...
We have seen this increase in numbers of new business prospect, of +24% over the last 12 months, as we have improved our marketing and opened up some new channels to help more companies that are...
Our growing library of YouTube explainer videos has been one part of our increased activity. You can see the FundInvoice YouTube Channel by following the link, where there are a mixture of short...
We are always eager to help more companies search the market for the best invoice finance quotes, so please get in touch if we can help you with a free quote search. Please call Sean on 03330 113622...
http://www.fundinvoice.co.uk/blog/news/post/24-percent-increase-new-business-prospects.html - 28 Percent Average Receivables Finance Cost Savings
Over the last couple of years, we have found 28% average receivables finance cost savings for our clients when compared with factoring or invoice discounting quotes that they have received from...
An important part of what we do is trying to beat the rates that customers have been quoted elsewhere. To measure our performance we take regular benchmarks to see how we are doing....
We have recently conducted a review, taking account of the last 2 years prospects up to November 2020. We have identified cases where prices were quoted elsewhere e.g. the customer already had a...
The result was that we have achieved average cost savings of 28% for our clients, saved on quotes sourced elsewhere....
This research means that if you already have a quote from a receivables finance company (for factoring or invoice discounting), or if you are already using a facility - it is highly likely that we...
We have relationships with a broad range of funders, so we are able to conduct a market-wide quote search for our clients, and it is this process that achieves the cost savings....
Of course, it is not just about making cost savings for customers. We also use our network to find other facility improvements. These might include increased funding levels, reduced security...
See this case study about Increased Funding Found For A Packing Company....
Updated cost savings post-publication: ...
http://www.fundinvoice.co.uk/blog/news/post/28-percent-average-receivables-finance-cost-savings.html - We Have Achieved 29 Percent Average Invoice Finance Cost Savings
UPDATED SINCE PUBLICATION SEE FOOTNOTE...
Amazing news! On checking our figures over the last 4 years, we have managed to find clients some substantial cost savings. We have been able to find our invoice finance clients an average cost...
We compared the combined service charge and discount charge of quotes we sourced, against those sourced elsewhere (other charges were excluded)....
GET A PRICE CHECK NOW...
An important part of what we do is trying to improve on the rates that customers have been quoted elsewhere by other brokers or finance companies. To measure our performance we take regular...
We have recently conducted a review, taking account of the last 4 years' prospects up to October 2022. We have identified cases where prices were quoted elsewhere e.g. the customer already had a...
The result was that we achieved average invoice finance cost savings of 29% for our clients....
This means that if you already have a price quote from an invoice finance company for factoring or invoice discounting, or if you have an existing facility, it is highly likely that we will be able...
We have a wide range of funders on our panel, and we use these connections to find cost savings....
We understand that it's not all just about price. We also use our network to find improvements in other invoice financing facility terms. These can include increased funding levels, reduced...
NOTE: As this research is updated, the latest average cost saving will be shown here: ...
http://www.fundinvoice.co.uk/blog/news/post/29-percent-average-cost-savings-invoice-finance.html - 5 Star Review From Invoice Finance Customer
FundInvoice received this 5 star rating and testimonial from an invoice finance customer: "I would rate your service 5 out of 5! After spending months trying to find the correct solution for my...
http://www.fundinvoice.co.uk/blog/news/post/5-star-review-from-invoice-finance-customer.html - Half Price Bad Debt Protection
I have seen several speculative articles recently suggesting that the economy may be heading for a further downtown. Whether this is the case or not, time will tell....
Bad debt protection is something that you might want to think about when you have any concerns over whether your customers will continue to be able to pay you, particularly if trading conditions do...
This offer is not available generally, is subject to other conditions and may be withdrawn at any time. If you would like to know more about the offer please contact us. You can also see the full...
http://www.fundinvoice.co.uk/blog/news/post/50-percent-off-bad-debt-protection.html - $700 Billion US Banking Bailout
At the moment the US are renegotiating the proposed $700 billion bailout of the US banking sector which has been broadly heralded as essential to return to stability. Bank lending to US borrowers...
My concern for the UK market is what about the large amount of unsecured debt that has been amased over the last few years? There seems to be little mention of this and it would seem even more risky...
Recent figures suggest in the south east of England the avererage unsecured debt is something like £26K - and there seem to be plenty of examples around of people that are struggling to pay,...
Everyone wants to live the "Beckham" lifestyle and it is worrying that eventually the merry-go-round of borrowing to fund that lifestyle might stop leaving the UK with a huge hole in its bank...
http://www.fundinvoice.co.uk/blog/news/post/700-billion-us-banking-bailout.html - 97 Percent Business Finance Approval Rate
FundInvoice has a strong record in terms of being able to find business finance for companies....
We have just checked our records and we found that to date, we have a 97% business finance approval rate....
That means that of every 100 prospects that we have dealt with, we have been able to find business finance for 97 of them, with only 3 being cases that we cannot help. This could have been for...
This does not mean that all of those prospects that were approved took up the offer, but it does point to a very high success rate in finding funding for companies. This is one of the reasons that we...
The only businesses that we have not been able to help, tend to be extreme examples, such as people dealing with export regions that are not acceptable to our funding partners e.g. warzones....
If you are struggling to find the finance that your company needs, our service is without obligation on you to proceed and operate in total confidence. We would be happy to see if we can help you....
Please note these figures exclude the minority of prospects that were rejected due to fraud-related reasons....
The approval rate was calculated by taking the total number of prospect leads that we handled up to 25/01/18 and identifying the number for which we were unable to find any kind of facility. The...
UPDATED: This statistic has been updated to a 97.5% funding success rate on the 6th of November 2019....
http://www.fundinvoice.co.uk/blog/news/post/97-percent-business-finance-approval-rate.html - ABN AMRO Commercial Finance Merger Details
ABN AMRO Commercial Finance have just announced their intention to merge their commercial finance and their leasing businesses to form one company....
Upon approval, the legal merger of the commercial finance and leasing businesses will take effect on 1st January 2018. The name of the combined legal entity will be "ABN AMRO Asset Based Finance N.V....
They intend to continue to use both "ABN AMRO Commercial Finance" and "ABN AMRO Lease" as trading names....
They advise that all rights and obligations will transfer to the new legal entity and confirm that the existing team of people and shareholder will remain the same....
Whilst the change may create a legal issue regarding existing agreements (as would any change in legal entity), it appears to be more of an internal reorganisation within the ABN AMRO group, rather...
http://www.fundinvoice.co.uk/blog/news/post/abn-amro-commercial-finance-merger-details.html - Absolute Invoice Finance Rebranded As Aldermore Invoice Finance
Notification has just been received that Absolute Invoice Finance (formerly known as Cattles Invoice Finance) have rebranded once again as Aldermore Invoice Finance, a division of Aldermore Bank PLC,...
http://www.fundinvoice.co.uk/blog/news/post/absolute-invoice-finance-rebranded-as-aldermore-invoice-finance.html - We Highly Recommend Advanta Chartered Accountants For Accountancy Services
We have written this post in response to the large number of people and businesses we come across, that are seeking recommendations for accountants and accountancy services....
We would like to recommend the firm of chartered accountants that we have used for several years, Advanta Business Services Limited. We cannot recommend them highly enough....
If you are seeking initial advice on setting up a business, or if you are an established business they will be pleased to discuss your requirements in confidence....
You can request that Advanta call you back using this form:...
REQUEST A CALL FROM ADVANTA...
Or you can speak to Sean Morrow, who is one of the Partners at FundInvoice, about introducing you to them. Sean is on: 03330 113622, and he will tell you first hand about the great service that we...
Please note that FundInvoice LLP may receive a commission for any introductions....
FundInvoice LLP has used Advanta since October 2017. We have found their service to be first class, and they have added value to our business with their advice....
They have provided general accountancy services (e.g. production of financial accounts), VAT return preparation, production of tax returns, payroll services and general accountancy advice. In all...
When we originally switched to Advanta, they were even able to save us money on the fees that we had been paying for our accounting services. They gave us a straightforward quote for the fees for the...
Advanta are based in Eastbourne, East Sussex, from where they support clients all over the UK, and abroad. Advanta was originally the Eastbourne office of Ashdown Hurrey, established in 1982, that...
http://www.fundinvoice.co.uk/blog/news/post/accounting-accountancy-services-recommended-accountants-advanta-chartered.html - Advantedge Acquires Henry Howard Cashflow Finance
News just in, Henry Howard Cashflow Finance, the Newport-based invoice finance company, has been acquired today by Advantedge Commercial Finance (formerly Factor 21)....
Apparently, Henry Howard Finance Group decided to exit the invoice finance and factoring market space to refocus on their asset and vendor finance products, leaving an acquisition opportunity for...
The business and employees of Henry Howard Cashflow Finance have been transferred to Advantedge as of 17th July 2018....
This is my list of distinct UK invoice finance organisations....
For more general information about these services please see our Guide to Invoice Financing....
http://www.fundinvoice.co.uk/blog/news/post/advantedge-acquires-henry-howard-cashflow-finance.html - SME Insights Panel Alternative and Receivables Finance Forum
I had a briefing with the panelists for the SME Insights Panel at the Alternative & Receivables Finance Forum today, ahead of the event that I have been asked to moderate next week. The forum is...
The SME Insights panel promises to be a great discussion, with some heavy weight panelists presenting and discussing actual research about SME customer insights, and practical ways that finance...
The SME Insights panelists are as follows:...
There will be findings from the SME Monitor presented at the forum, which will be worth understanding for anyone involved with product development around the receivables financing sector. It is going...
There is a treasure trove of useful findings within the SME Monitor published by BVA BDRC. It addresses many aspects of SME thinking related to growth aspirations, the economy and financing needs. A...
This once again highlights the need to increase awareness of forms of alternative finance, such as receivables finance, a need that I have mentioned many times before....
http://www.fundinvoice.co.uk/blog/news/post/alternative-and-receivables-finance-forum-sme-insights-panel.html - Discussion Points From The Alternative & Receivables Finance Forum SME Insights Panel
Following my previous post about the SME Insights panel at the Alternative & Receivables Finance Forum, I went to what was a well organised event, by BCR Publications, at the De Vere Grand...
I thought it might be useful to post up some of discussion points that came out of the panel....
The panel started with a short presentation from Shiona Davies from BVA BDRC, the research agency that operate the SME Monitor. The monitor tracks the opinions of several thousand SMEs each year....
The key findings of the SME Monitor were that 8/10 SMEs are now profitable and 4/10 have grown in the last year....
Whilst there was an increased propensity amongst UK SMEs to anticipate future growth, with 47% now anticipating growth over the next year. There has also been a gradual increase in the number of...
Just 4% had applied for finance during the last year, mostly to their main bank (67% of cases), with 85% of applications resulting in a facility. However, only 72% of applications resulted in them...
Whilst there was no single issue influencing the demand for external finance, using credit balances, a self reliant attitude and a low awareness of some finance products, were all cited as...
The panel went on to discuss some of the advantages of alternative finance, including flexibility, transparency of charges and speed of response. Leveraging technology has clearly been a strategy for...
Brexit was mentioned as one of the factors driving "uncertainty" in the UK, however the research suggests that it is not the sole cause of uncertainty. Brexit was also suggested as something of an...
There is a great Brexit navigation tool on the KPMG website that I came across in the course of my research for the panel:...
A study on behalf of KPMG concluded that 34% of SMEs were going to be directly impacted by some aspects of Brexit. However in some cases these impacts could be minimal e.g. affecting stationary...
The appetite for Single Invoice Finance (SIF) versus revolving facilities (that encapsulate the entire turnover of the borrower) was mentioned. The panel were of the mind that they saw a demand for...
Open Banking, whilst targeted to increase access to alternative finance has apparently not achieved the levels of awareness, nor uptake that had been hoped....
The panel acknowledged that achieving a unique way to identify parties online, with a Digital Identity was important to increasing the level of rapid access to alternative finance....
Late Payment was also raised as an important issue for SMEs, even if it is a minor delay of days or weeks, and the panel acknowledged the important role that receivables financing can play in...
Overall is was an interesting debate with a lot of useful customer insights and research findings for the alternative finance and receivables financing sectors....
http://www.fundinvoice.co.uk/blog/news/post/alternative-and-receivables-finance-forum-sme-insights-panel-discussion.html - The Alternative And Receivables Finance Forum 2023
Hi folks,...
Just a short post to let you know that I’m chairing on Day Two at the 9th Alternative and Receivables Finance Forum, organised by @BCR on 28-29 November at Clifford Chance, London....
Accessibility, innovation, efficiency and social impact have become the most looked-for goals of modern financial services. Alternative and receivables finance is the industry which has all these...
Taking a global perspective, the Alternative and Receivables Finance Forum returns this autumn for a two-day event focusing on the latest trends and developments in the industry, including...
As I’m the chairman, BCR can offer you a 20% discount on delegate tickets. To register or see the full programme please follow this linkThe discount code is SPK-20...
Alternatively, you can contact [email protected] quoting your discount code for payment via invoice....
I have moderated panels at previous year's events and it has always been interesting with some engaging discussions. This year promises to be even better and I look forward to meeting up with...
Best wishes,...
Glenn...
Glenn BlackmanPartnerFundInvoice LLP...
#ARF2023 #FinanceInnovation #GlobalFinance #AlternativeFinance #ReceivablesFinance #BlockchainFinance #FintechTrends #AIinFinance #RegTech #SocialImpactFinance #LondonFinanceEvent #FutureOfFinance...
http://www.fundinvoice.co.uk/blog/news/post/alternative-receivables-finance-forum-2023.html - Amicus Commercial Finance Rebrands As Investec Capital Solutions
In the second rebranding within the invoice finance sector this week, Amicus Commercial Finance has rebranded as Investec Capital Solutions, with effect from 25th January 2018....
Amicus was launched in 2015, and was acquired by Investec Bank plc on the 6th December 2017, hence the rebranding to complete their integration into the banking group....
Their email to their introducers confirms that despite the name change, it will be "business as usual", with staff and processes being unchanged....
For anyone interested in the exact company structure, in the footer of the email it says: "Investec Capital Solutions Limited is the appointed agent of Investec Capital Solutions No 1 Limited, which...
They offer their proprietary "Intelligent Cashflow" invoice financing system, which integrates with the client's accounting software, reconciling ledgers in real time. This updates the funding...
If you would like to be introduced to Investec, we would be happy to arrange that for you....
http://www.fundinvoice.co.uk/blog/news/post/amiculs-commercial-finance-rebrands-as-investec-capital-solutions.html - Another 5 Star Client Review For FundInvoice
Another 5 star client review has been added to the FundInvoice reviews and ratings page: FundInvoice Reviews & Ratings...
Add a review if you are a client or prospect, please see the ratings page for instructions about submitting your review and rating for publication on the site. All submitted reviews are published and...
The rating system is simple, and used universally across much of the internet. Simply score FundInvoice out of 5 stars (with 5 stars being the highest rating that you can ascribe). You can also add a...
http://www.fundinvoice.co.uk/blog/news/post/another-5-star-client-review-for-fundinvoice.html - Another 5 Star Customer Review About FundInvoice
"We used Sean Morrow of FundInvoice LLP to try and find us a better Invoice Financing deal than the one we were currently receiving through our bank. Sean did an excellent job introducing us to a...
http://www.fundinvoice.co.uk/blog/news/post/another-5-star-customer-review-about-fundinvoice.html - Another New Fixed Fee Invoice Finance Service Launched
Another of our invoice finance partners had launched its own fixed fee invoice finance service. A fixed fee service gives the client peace of mind as they know exactly what their charges are going to...
This particular offering includes a 3 month service guarantee, one free CHAPS transfer each week and no re-factoring fees or charges. Re-factoring fees are often charged by invoice finance companies...
http://www.fundinvoice.co.uk/blog/news/post/another-new-fixed-fee-invoice-finance-service-launched.html - Apologies To Some Invoice Finance Quote Enquiries
We have to apologise to half a dozen businesses that recently requested invoice finance quotes via our site and didn't receive an immediate reply. We normally seek to respond within an hour, and...
Unfortunately, the issue was a technical one, whereby a change in our web hosting set-up seems to have affected a small number of the advisory emails that we receive when a customer makes an online...
The effect of the change was that the HTML-formatted email came through with all the code showing rather than just the application data neatly formatted - as was previously the case. Because of this,...
The good news is that we know it's just a formatting problem now, so we can work around the problem in the short term, and our technical people are looking at a solution as we speak....
This technical issue coincides with a particularly busy period, where we seem to be receiving much-increased enquiries, which is great to see....
If you would like an invoice finance quote please use the green application form on this page, or you can call Sean direct on 03330 113622 and he will be more than happy to get you whatever prices...
If you are looking for more information before you go further, please see our free guide to invoice finance. This sets out how the products are structured, how the pricing works and we have plenty of...
http://www.fundinvoice.co.uk/blog/news/post/apologies-to-some-invoice-finance-quote-enquiries.html - Arbuthnot Commercial Asset Based Lending Launches
Arbuthnot Commercial Asset Based Lending (ACABL), a new invoice discounter and asset based lender, was launched on 26th February 2018 according to a report in CityAM....
The private bank, Arbuthnot Latham has apparently started the business in order to enter the SME, asset based lending (ABL) market space....
It appears that the business is set to offer small and medium sized businesses:...
There are of course others that offer similar products already, although it will be interesting to see exactly how they put together their product offering....
Those that have been around the factoring industry for some time will be familiar with the name Arbuthnot Latham, as the bank owned a stake in what was originally Arbuthnot Factors, which went on to...
The name Arbuthnot Commercial Finance then popped up again, some years later, as a St Leonards-on-Sea based independent factoring company, that was ultimately acquired by Bibby Financial Services on...
Good luck to the new venture, there is some fierce competition in the marketplace at present as overall ABFA deal numbers have been flat for some time, so a "sharp pencil" is likely to be required in...
It feels like there have been so many new entrants into the market in recent years. Many of them have tacked the selective invoice finance route, but it is nice to see a familiar name returning to...
http://www.fundinvoice.co.uk/blog/news/post/arbuthnot-commercial-asset-based-lending.html - Ashley Finance Absorbed Into Ultimate Finance
The AIM listed Ultimate Finance Group acquired Ashley Commercial Finance back in 2010 for an initial consideration of £4.75m....
Ashley Finance is now to be absorbed into Ultimate Finance with all products and services continuing to be offered as usual....
Sad to see another long established factoring brand disappear, but the business itself is now part of an equally established, and respected invoice financing brand....
CONTACT ULTIMATE FINANCE...
http://www.fundinvoice.co.uk/blog/news/post/ashley-finance-ultimate-finance-group.html - Asset Based Lending Industry Loses Another 347 Clients In Q1 2010
Statistics from the ABFA (Asset Based Finance Association) for the first quarter of 2010 show that their members recorded an overall net decrease in client numbers of 347 during the quarter....
These figures include member clients using the following products: domestic factoring, domestic invoice discounting, export and mixed export & domestic, import factoring, stock finance and ABL...
Conversely ,we have continued to grow our own client numbers in Q1, bucking the industry trend, by searching the market for clients and finding them the best deals that are available....
http://www.fundinvoice.co.uk/blog/news/post/asset-based-lending-industry-loses-347-clients-in-q1-2010.html - Asset Finance, Leasing & Hire Purchase For Businesses
Forms of asset finance such as leasing and hire purchase help businesses acquire equipment, plant, machinery, vehicles and even computer equipment for use by allowing them to spread the payments over...
We now work with a specialist asset finance organisation that can find that type of finance for businesses and we would be happy to put you in contact with them in order to receive quotations....
http://www.fundinvoice.co.uk/blog/news/post/asset-finance-leasing-hire-purchase.html - How Effective Is Using Blockchain To Avoid Invoice Finance Fraud
I have seen quite a few articles recently suggesting that blockchain technology can be used to help combat invoice finance fraud. I have written before about the benefits of using blockchain in an...
The first time I came across this application was an organisation called Populous which is presently launching what they believe to be the first blockchain-based invoice discounting platform. The...
The Populous platform also uses what are called "smart contracts" as part of the invoice financing process. Apparently, this leverages the Ethereum blockchain. Their site has the following to say...
"Blockchain technology eliminates the inefficiencies and risks of manual contract origin and processing, associated manual errors, and duplication of invoice financing. This makes value propositions...
For example, when a smart contract is executed between an invoice buyer and an invoice seller, 80% of the funds will be released to the invoice seller via the smart contract. Payment is only...
The smart contract prevents fraud since the smart contract will not allow invoices that have already been financed to receive duplicate financing. Therefore, a smart contract acts as a built-in...
Since reading about Populous, another offering, I saw an article in BittMint about Invox Finance which is also looking to use blockchain technology for the same purpose. On the issue of avoiding...
"One of the biggest problems of traditional invoice financing is that it is a centralized system where there is a large scope of manipulations and fraud. However, in case of a blockchain based...
Basically, all the parties involved in the process, i.e., the buyer, the seller and the creditor can see any changes or updates made to the invoices. Moreover, to make these changes or updates,...
A similar kind of approach is also being used by the Reserve Bank of India - sponsored Trade Receivable e-Discounting System (TReDS), which has just launched in India, using blockchain to address the...
One article that I read about using blockchain in receivables financing, stressed that whilst the blockchain was being used there was no cryptocurrency involved, which may be a relief to many that...
Whilst I can understand that this technology can be used to avoid duplicate invoices, invoice financiers have had such risk processes in place for many years as this is an age-old problem. Of course,...
The other issue is that the blockchain only addresses the validity of the financial transaction, it does not ensure that the underlying transaction is fraud-free. For example, if goods have not been...
I remain interested to hear if any of the mainstream UK invoice financiers are looking at blockchain....
http://www.fundinvoice.co.uk/blog/news/post/avoiding-invoice-finance-fraud-using-blockchain.html - Ban On Assignment Letter To ABFA From EU Federation Of Factoring & Commercial Finance
Below is a link to the letter sent to the ABFA fro the EU Federation of Factoring and Commercial Finance regarding ban on assignment:...
Letter to the ABFA From EU Federation of Factoring & Commercial Finance - Ban On Assignment...
For specific help regarding ban on assignment please contact Sean at FundInvoice on: 03330 113622...
http://www.fundinvoice.co.uk/blog/news/post/ban-on-assignment-abfa-eu-federation-factoring-commercial-finance.html - Court Of Appeal Ruling On Ban Of Assignment
A ruling has apparently just come from the UK Court of Appeal according to Out-Law.com (we can't give legal advice so you need to seek independent legal advice before acting on this)....
The court apparently upheld an earlier ruling that means that funders can be more confident in financing receivables where there is a ban on assignment in the terms of the client's customer....
"Ban on assignment" is a clause in the terms of a customer prohibiting the assignment of debts to a third party, by the supplier. This has been an issue for many years in the invoice finance arena as...
In essence, it appears that court found that in a case where there was a ban on assignment clause in an underlying contract, a party was not prohibited from disposing of its receivables by means...
This is potentially very welcome news to both companies that want to discount their receivables, and invoice finance companies that have struggled with the issue for many years. It has been common...
The second issue is having to operate on a confidential basis requires a better client risk profile, the new ruling could open up the way to deal with such companies on a disclosed basis, which...
Update: Ban on assignment legislation is passed by Parliament....
http://www.fundinvoice.co.uk/blog/news/post/ban-on-assignment-court-of-appeal-ruling.html - Ban On Assignment Legislation Goes To Parliament
According to the Gov.uk site, the long awaited legislation outlawing ban on assignment was put to Parliament on the 10th September 2018 by Small Business Minister Kelly Tolhurst, as part of the...
The legal changes are set out in the draft "Business Contract Terms (Assignment of Receivables) Regulations 2018"....
The new laws will make it easier for small businesses to get access to invoice finance. At the present time, some large company's contracts include, what is known as, a ban on assignment clause....
Under the proposed changes, any such contractual restrictions, entered into after 31st December 2018 could be ignored by small companies and their financiers (with certain exceptions e.g. financial...
Being able to assign receivables is a prerequisite to providing funding against those receivables, via an invoice finance facility. For many years, funders have had to try and circumnavigate these...
Read about the previous Court of Appeal ruling on BOA....
Update: Ban On Assignment Is Outlawed....
http://www.fundinvoice.co.uk/blog/news/post/ban-on-assignment-legislation-goes-to-parliament.html - Ban On Assignment To Be Abolished
Great news for the invoice finance industry, the age-old issue of ban on assignment is to be abolished by the government. Ban on assignment is where large businesses prohibit their suppliers from...
http://www.fundinvoice.co.uk/blog/news/post/ban-on-assignment-to-be-abolished.html - Bank Overdrafts Are Being Restrictive Or Unavailable - Invoice Finance Is Often The Solution
OK so it's not a statistically relevant sample size but I have just looked back through the last five cases of invoice finance deals we have completed that I have posted up on the blog and in 3 of...
The good news is that in all of those cases were able to find the prospective client an invoice finance facility that improved upon the level of funding that they could get from bank overdraft and...
So if you are having issues with restrictions or lack of availability of overdraft invoice finance is likely to be an option that may generate more funding for your business across a choice of...
http://www.fundinvoice.co.uk/blog/news/post/bank-overdrafts-are-being-restrictive-or-unavailable-invoice-finance-solution.html - Banks Declines 2 Out Of 10 SME Finance Applications
Figures from UK Finance show that in Q3 2018 banks turned down 2 out of every 10 applications for finance, from SMEs....
Whilst the press release from UK Finance focuses on the 69,980 new loans and overdrafts approved to the value of £7 billion, in Q3 2018, the approval rate of 8 out of 10 means that there are a...
The notes to the press release confirmed that SMEs are considered businesses turning over less than £25 million per annum and that the update relates to the business of mainstream SME financing...
Most businesses that need funding go straight to their own bank and never look any further around the market. This means that they never see some of the flexibility and low-cost offerings from...
If you have been rejected by your bank, you will be pleased to know that in the UK there is a healthy alternative finance market that seeks to serve these customers who have been declined traditional...
Our team at FundInvoice operate within that niche and has had a great deal of success helping customers who have been declined elsewhere. We have a 97.5% success rate in finding facilities for...
REQUEST AN ALTERNATIVE FINANCE QUOTE...
There are plenty of alternative lenders that may be able to take a more flexible approach to lending, either via traditional facilities, such as a business loan, or other options such as receivables...
In many cases the funding will be from household names that you will be familiar with, for example, Hitachi Capital, Close Brothers (the FTSE 250 merchant bank) or Skipton Business Finance (part of...
http://www.fundinvoice.co.uk/blog/news/post/banks-decline-2-out-of-10-sme-finance-applications.html - Barclays Bank Takes An Equity Stake In Marketinvoice
In a surprising move, Barclays Bank have *reportedly taken a significant minority stake in Marketinvoice, the Fintech business funding platform. The move was reported to be as part of a strategic...
Access to Marketinvoice's innovative business funding products is apparently to be introduced to Barclays' SME clients over the coming months in areas across the UK. This includes East...
All credit to Marketinvoice for achieving such a deal, but I would be interested to understand why Barclays haven't chosen to reintroduce their own invoice finance services back into their SME...
Having worked for Barclays, for over a decade since the late 80's, they had a great invoice finacing arm at that time, which was fast growing, and had offerings to fit the full spectrum of...
Of course it's early days, and I understand the task involved with getting buy-in from such a large branch network, but good luck to Marketinvoice. I will watch with interest to see this...
*Source: Finextra 02/08/18 & Marketinvoice blog 02/08/18...
http://www.fundinvoice.co.uk/blog/news/post/barclays-bank-takes-equity-stake-in-marketinvoice.html - BCR Alternative and Receivables Finance Forum 2019
Yesterday I was pleased to have been invited to speak on a discussion panel, at the BCR Alternative & Receivables Finance Forum 2019....
The discussion was titled "Are Auction Based Invoice Finance Platforms On A Sustainable Footing"....
The panel was as follows:...
Our panel quickly clarified that they are not aware of any selective invoice finance providers that are continuing to offer an "auction" based approach. Marketinvoice (recently rebranded...
Regular readers of my blog may remember that GLI Finance took the decision back in February to shut down their supply chain finance division, Sancus Finance Ltd due to performance falling short of...
The panel were clear that the current pricing structure, inevitable debtor losses and the complete lack of any assurance of ongoing facility usage associated with SIF is unsustainable. MarketFinance,...
The fact that selective facilities can be so transient means that often the pricing for single transactions can be higher than expected. I mentioned an example we had seen of a client wanting to...
The previous session included a presentation from Shiona Davies of BVA BDRC, who conduct the SME Finance Monitor each year. She mentioned that despite a reduction in the number of permanent...
With this as the background, the panel noted that according to recent UK Finance statistics, the number of member's clients had grown by only 1% over the last year, suggesting that the...
I was keen to point out that putting aside the pricing and profitability issues with selective invoice finance, the core skill of being able to value receivables should not be overlooked. It is this...
Overall it was an interesting debate that confirmed that the auction/selective funding sector is no longer as it was due mainly to the unsustainable profitability issues, as described above....
http://www.fundinvoice.co.uk/blog/news/post/bcr-alternative-receivables-finance-forum-2019.html - The Best Factoring And Invoice Discounting Provider 2020
These are the result of the recent Business Moneyfacts Awards 2020. There are two awards that are likely to be of interest to anyone that is looking for a factoring or invoice discounting company....
Fundinvoice were confirmed as finalists in the category of "Invoice Finance Broker Of the Year", a big achievement when you consider that this is a national award including some very large competitor...
The awards ceremony had to be conducted virtually this year, but we have listed those that were recognised for each of those important categories that were mentioned above....
The results for the two categories mentioned above were as follows. We have included links to our direct application form for each of the award winners:...
For Best Factoring and Invoice Discounting Provider the companies that made the podium were as follows: ...
In the other category, Best Service From An Invoice Finance Provider, the results were as follows:...
Whilst these results may be helpful guidance to anyone seeking a company to provide this type of business funding, often the issues can be finding a company that is able to provide the funding that...
Congratulations to all the winners and everyone that made the finals of the Business Moneyfacts Awards 2020....
http://www.fundinvoice.co.uk/blog/news/post/best-factoring-invoice-discounting-provider-2020.html - Assaulted on the train yesterday
Yesterday I was kindly invited by Bibby financial services to a charity dinner in London, with Sir Ian Botham and Geoff Miller as guest speakers (which was excellent by the way)....
On the way back Sean and I caught the train at London Bridge, and due to signal failure the platform was changed, and the train was very overcrowded. So I went past three or four doors before I could...
I got back into the carriage and asked why he did it, "because you pushed me" he said. I replied that if I had bumped into him it was an accident, for which I apologise, but what he did was...
I got back into the carriage and decided to teach him a lesson. A young lady was trying to get into the carriage, after me, so I moved back, made room for her, and said to him "someone wants to get...
http://www.fundinvoice.co.uk/blog/news/post/bibby-ian-botham-assaulted-train.html - Bibby Q2 SME Confidence Tracker Shows Minor Drop In Confidence
Bibby Financial Services' Q2 2016 SME Confidence Tracker survey shows a 3% drop (from Q1) in SME confidence that sales will grow in the next three months, down to 45%. Considering that Q1 2016...
http://www.fundinvoice.co.uk/blog/news/post/bibby-q2-sme-confidence-tracker-shows-minor-drop-in-confidence.html - BMF Award Winning Invoice Finance Companies 2022
Business Moneyfacts hold annual awards each year, and we have been pleased to be Finalists for the last 8 consecutive years in the category "Invoice Finance Broker Of The Year"....
Each year, there are a couple of other categories that I am always keen to watch, as they are useful information for any company trying to choose an invoice finance company....
Two categories of the recent Business Moneyfacts Awards 2022 are "Best Factoring and Invoice Discounting Provider 2022" and the "Best Service From An Invoice Finance Provider". These may be useful...
The awards ceremony was able to be conducted in person this year, a positive step forward after the need to rely on virtual events during the pandemic. These were the results of those particular...
These were those that were recognised for the award for Best Factoring and Invoice Discounting Provider the top three companies were as follows: ...
Another set fo results that I track is that for "Best Service From An Invoice Finance Provider", the winners were as follows:...
If you are seeking invoice finance quotes, you can use the links above to apply directly via our site to these organisations that were recognised. If you require a broader market search for quotes...
Congratulations to all the winners and everyone that made the finals of the Business Moneyfacts Awards 2022....
http://www.fundinvoice.co.uk/blog/news/post/bmf-award-winning-invoice-finance-companies-2022.html - The Results Of The BMF Awards 2021 Best Service From An Invoice Finance Company
Business Moneyfacts hold their annual awards each year, and we have been pleased to be Finalists for the last 7 consecutive years in the category "Invoice Finance Broker Of The Year". However, there...
Two categories of the recent Business Moneyfacts Awards 2021 are those for "Best Factoring and Invoice Discounting Provider 2021" and the "Best Service From An Invoice Finance Provider"....
The awards ceremony had to be conducted virtually again this year, so the finalists were invited to attend the virtual ceremony and to submit their photos. There was a cocktail and photo competition,...
The first category that I always watch is for Best Factoring and Invoice Discounting Provider the companies that made the top three places were as follows: ...
The other category that I take a particular interest in is "Best Service From An Invoice Finance Provider", the winners were as follows:...
Whilst these results are helpful guidance to anyone seeking an invoice finance company there may be other factors to consider, such as finding a company that is able to provide the funding that you...
Congratulations to all the winners and everyone that made the finals of the Business Moneyfacts Awards 2021....
http://www.fundinvoice.co.uk/blog/news/post/bmf-awards-2021-best-service-invoice-finance-company.html - Bounce Back Loans And Alternatives
UPDATE: CBILS SCHEME DUE TO CLOSE 31/03/2021 - NEW RECOVERY LOAN SCHEME ANNOUNCED....
Today the Government launched the Bounce Back Loan Scheme (BBLS) as part of its response to the coronavirus pandemic, and the impact that this has had on UK businesses. There are alternatives to...
The BBLS loan scheme is aimed at smaller businesses, requiring a loan of up to £50,000 (a maximum of 25% of their annual turnover is allowed). The UK Government is providing the funding via...
Many small businesses will not want to take on additional debt in such uncertain times. In these cases, other alternative options may be more attractive, specifically those that do not involve taking...
http://www.fundinvoice.co.uk/blog/news/post/bounce-back-loans-alternatives.html - FundInvoice Are Business Moneyfacts Awards Finalists 2020
We are delighted to announce that FundInvoice LLP has been confirmed as "Finalists" for "Best Invoice Finance Broker" in the 2020 Business Moneyfacts awards!...
This is the 6th year running that we have been confirmed as finalists for an award from BMF - this year we have made the shortlist of just 8 finalists from across the whole of the UK....
We really need a testimonial from you so that we can win this award - if you are a customer, a prospect, a funder that we work with, or a reader of our blog or magazine....
Please give your testimonial using the link below - it is the quality of what you say about us that is key, rather than just gaining votes:...
Help FundInvoice Win - By Providing A Testimonial. (NOW CLOSED)...
Glenn Blackman, a Partner at FundInvoice" said:...
"FundInvoice are delighted to have been recognised for the 6th year running. Being confirmed as a Finalist for a Business Moneyfacts award, especially amongst much larger firms from across our...
"Our small team have worked hard again this year to help more businesses find the invoice finance facilities that they need. We have enjoyed success rates in finding finance for almost 98% of cases,...
Lee Tillcock, Editor of Business Moneyfacts, said:...
“Following a year in which the business sector has continued to support the economy, the 19th annual Business Moneyfacts Awards ceremony will once again celebrate and reward those who have...
Congratulations to the full list of finalists for Invoice Finance Broker of The Year 2020 which are as follows:...
NOTE: * the date of the awards ceremony has been postponed until 18th September 2020, due to the coronavirus outbreak....
http://www.fundinvoice.co.uk/blog/news/post/business-moneyfacts-awards-2020-fundinvoice.html - Business MoneyFacts Awards Are Coming Up
The Business MoneyFacts awards are coming up soon. The awards dinner is to be held on 19 March 2015 at the Lancaster hotel in London....
FundInvoice are finalists for the award for the best asset based finance broker 2015, so our fingers are crossed for the 19th!...
http://www.fundinvoice.co.uk/blog/news/post/business-moneyfacts-awards-are-coming-up.html - Business Moneyfacts Awards Spare Ticket
We have a spare ticket for the Business Moneyfacts Awards 2018 if anyone is interested?...
If you watch my factoring blog you will know that FundInvoice are Finalists for "Invoice Finance Broker of the Year 2018", and the results are announced at a Gala dinner in March. This will be fourth...
It's a black tie dinner, on Wednesday 21st March 2018 at the Royal Lancaster Hotel, London, starting at 7pm. The ticket will be on a mixed table. It includes a drinks reception, 3 course meal...
If anyone is interested in buying the ticket (happy to accept less than the face value of course) please email Glenn via [email protected] ...
http://www.fundinvoice.co.uk/blog/news/post/business-moneyfacts-awards-spare-ticket.html - Business MoneyFacts Awards Tonight
The results of the Business MoneyFacts Awards 2015 will be announced tonight at a gala dinner at the Lancaster Hotel in London....
FundInvoice are one of just eight "Finalists" across the whole of the UK for the Best Asset Based Finance Broker Award 2015....
Fingers crossed!...
http://www.fundinvoice.co.uk/blog/news/post/business-moneyfacts-awards-tonight.html - Can Invoice Finance Save The Day Roundtable
Defining the role of receivables finance in the UK's recovery is an important topic. Therefore, I was delighted to be asked to chair the recent round table discussion titled "Can Invoice Finance...
Watch the whole discussion here: Roundtable....
Our friends at Optimum Finance put the event together, and their CEO Anthony Persse was kind enough to invite me to moderate the discussions that took place on the 4th May 2021....
We were all able to participate remotely, using video conferencing technology that worked without a glitch. A testament to Optimum who have led the way with their innovative invoice finance quotation...
The round table brought together a variety of experts from across the business and finance arena, including:...
We had a lively 90 minutes of discussions regarding the role that invoice finance can play, supporting businesses as the UK economy recovers from the recession caused by Covid-19....
There were some great ideas about how receivables finance can support businesses in both periods of rapid growth, and where there may need to be restructuring of emergency borrowing that was taken...
The discussion was recorded, and highlights have been published in the media by Shelina Begum via TheBusinessDesk.com, who covered the event....
I would like to thank Ant and his Marketing Manager, Adam Fiori, for their kind invitation and all their support regarding the event. I am very much looking forward to seeing, and sharing, some of...
http://www.fundinvoice.co.uk/blog/news/post/can-invoice-finance-save-the-day-round-table.html - Case Study Increased Funding From An Independent Invoice Discounter For A Fruit Packing Company
This case study explains how FundInvoice found significantly increased funding levels, from an independent invoice discounter, for a fruit-packing business....
COMPARE QUOTES NOW...
This case concerned an established fruit-packing business that had been using a bank-backed invoice discounter for several years. Whilst the bank had supported them for many years, there had been...
However, they had developed a prime debtor situation on their sales ledger and this was going to cause funding restrictions with their existing bank-owned discounter. They needed a provider that...
A prime debtor is a single customer who grows to represent a large proportion of the total sales ledger. This can be an issue for discounters as it means that the funding provided is heavily reliant...
Helpful related article: Ways To Increase Customer Numbers....
FundInvoice were able to introduce this client to a substantial independent invoice discounter that was able to take a much more relaxed view of their prime debtor concentration issue. The new funder...
They were also able to provide a relaxed prime debtor restriction and an increased CID prepayment percentage against the invoices through a confidential invoice discounting facility. This facility...
All combined, this enabled a significant amount of additional funding to be released to our client to support their continued success....
http://www.fundinvoice.co.uk/blog/news/post/case-study-increased-funding-from-an-independent-invoice-discounter-for-fruit-packing-company.html - The Deadline For the CBILS Scheme Looms
UPDATE: CBILS SCHEME DUE TO CLOSE 31/03/2021 - NEW GROWTH GUARANTEE SCHEME ANNOUNCED....
The deadline for the CBILS scheme is to close in a short time. It will close to new applications on the 31st March 2021....
We have received reminders from lenders suggesting that any companies requiring support should not delay in applying, as there is not long left to go. Even if you don't qualify or have been...
DISCUSS YOUR OPTIONS...
The deadline for the scheme to end may be as above but an accredited lender may have longer to finish dealing with any remaining applications that are received by that deadline. However, you need to...
The CBILS (Coronavirus Business Interruption Loan Scheme) was launched back in March 2020 to help businesses that had been affected by Covid-19. The scheme organised by the British Business Bank...
The idea was that the presence of the guarantee would enable loans to be offered to SMEs that might not have qualified for support under normal criteria....
Under the scheme, SMEs can access up to £5M where they have experienced reduced income or other cash flow disruption....
CBILS facilities can be accessed on a standalone basis. However, several of the invoice finance providers have become accredited in order to offer CBILS either on a standalone basis or more commonly...
If you have been putting off applying, or just need a discussion about what the options might be, now is the time to act before the deadline for applications to the CBILS scheme....
http://www.fundinvoice.co.uk/blog/news/post/cbils-scheme-to-end-deadline.html - Changes By Banks To Overdrafts and Loans
I received an email from the Federation of Small Businesses today advising that they are meeting with 6 commercial lenders in Sussex. The meeting is to discuss the issues that their members are...
We have also heard of some examples of this. I was talking to someone the other day that had their credit limit drastically reduced following receipt of a large payment into their account, despite...
Despite what may be said to the press or to Government, the agenda of some of the banks is clearly to increase charges, in order to recoup past losses, and to drive the risk out of their lending...
http://www.fundinvoice.co.uk/blog/news/post/changes-by-banks-to-overdrafts-and-loans.html - Close Brothers Invoice Finance Launch Business Guide "Engaging Your People"
Close Brothers Invoice Finance, one of our funding partners, have released another free business guide "Engaging Your People"....
The guide covers: Training & development Engagement & involvement Opportunity & purpose Feedback & communication BalanceYou can download a free copy of the guide: Engaging Your People...
If you would like a quotation from Close Invoice Finance and/or any other invoice finance, factoring or invoice discounting companies please contact us....
NOTE: THE GUIDE IS PRODUCED BY CLOSE BROTHERS INVOICE FINANCE A TRADING STYLE OF CLOSE INVOICE FINANCE LTD AND AS SUCH GLENN BLACKMAN CAN'T TAKE ANY RESPONSIBLITY FOR THE ACCURACY AND COMPLETENESS OF...
http://www.fundinvoice.co.uk/blog/news/post/close-brothers-invoice-finance-launch-business-guide-engaging-your-people.html - Thanks To Close Brothers For Inviting Us To Their SubZero Event
One of the good things about being invoice finance brokers is that you occasionally get invited to introducer events run by the invoice finance companies....
Close Brothers Invoice Finance kindly invited us to their introducer event, held yesterday, at the SubZero ice bar in London. Great fun sipping cocktails from glasses carved from blocks of ice,...
CBIF have been the winners of the Business Moneyfacts award for the Best Factoring & invoice Discounting provider, for the last 5 consecutive years, and they recently won Asset Based Lender of...
http://www.fundinvoice.co.uk/blog/news/post/close-brothers-subzero-event.html - Deal Completed Confidential Invoice Discounting For Transport And Warehousing Company
We were introduced to this prospect very late in the process to this Transport and Warehousing company after they had been working with a bank-backed invoice discounter for 10 weeks trying to...
See also: Transport Factoring Services....
http://www.fundinvoice.co.uk/blog/news/post/confidential-invoice-discountingfor-transport-warehousing-company.html - Coronavirus Business Interruption Loan Scheme CBILS And Alternatives
UPDATE: CBILS SCHEME DUE TO CLOSE 31/03/2021 - NEW GROWTH GUARANTEE SCHEME ANNOUNCED....
Following the novel coronavirus outbreak, the UK Government has announced that there will be a Coronavirus Business Interruption Loan Scheme, CBILS for short, available from 23rd March 2020. This...
Even if you find that you don't qualify or are declined for funding under the scheme - there may be alternative forms of business finance for which you may still qualify....
DISCUSS YOUR OPTIONS...
The CBILS scheme will help support UK businesses that have been affected by the recent outbreak, providing business loans and other types of finance such as overdrafts, invoice finance and asset...
We were pleased to see that several of the finance companies from our panel of funders appear set to offer these facilities....
Post-publication update see: CBILS Loan Approval Rate In Week 1...
It is early days yet for the scheme, and full details of how it will work are not known, but some commentators within our sector have already raised concerns over how widely it is likely to be...
Initial reports are that these lenders have received significant numbers of enquiries as soon as the scheme opened. There are reports of significant delays getting through to some banks. We can offer...
Even if you were to be declined, or turned down, for CIBILS, or you are unable to meet any of the required criteria to be eligible, there are highly likely to be other options available within the...
It was good to see invoice financing being given such a prominent position within the variety of facilities that can be provided to assist businesses. Often there is a preference for traditional...
We have often found that a factoring or invoice discounting facility can generate more funding than may be available through loans and overdrafts. Also, a factoring or discounting facility is...
This can have benefits over a loan. With a business loan, you have to repay the capital sum over the term of the loan. With invoice finance, providing your sales ledger remains stable - or grows, you...
http://www.fundinvoice.co.uk/blog/news/post/coronavirus-business-interruption-loan-scheme-cbils-alternatives.html - Deal Completed CID for Joinery Manufacturer
Confidential invoice discounting found for a client that wanted CID to fund their growth....
The client was a joinery manufacturer turning over 1.2m pa but these days CID is available for pretty much all sizes of business....
More CID deals to follow . . ....
http://www.fundinvoice.co.uk/blog/news/post/deal-completed-cid-for-joinery-manufacturer.html - Deal Completed Debt Collection Help
It's not always about rasing finance, some of the deals we work on just need help collecting in their old debts and invoices. We have recently completed such a facility for a business college...
More deals to follow . . ....
http://www.fundinvoice.co.uk/blog/news/post/deal-completed-debt-collection-help.html - Is Business Loan Demand Increasing
Demand for business loans may have increased recently, temporarily outstripping the demand for crowdfunding....
Get help finding a business loan....
Looking at the trend in Google's search traffic is a good way to measure demand. I have been looking at the volumes of search traffic, in the UK, for the terms "crowdfunding" (CF) and "business...
That is until recently. Since the end of 2016, the volume of searches for BL appears to have steadily increased and at times, exceeded the volume of searches for CF, indicating a possible shift in...
However, it is interesting to look at the British Banking Association's figures, which show a reduction of 9% in demand for loans between 2016 and 2015. Perhaps this suggests that many of those...
We have experienced an increase in demand as a commercial finance brokerage, in the number of customers seeking commercial loans. This has been experienced along with an increase in requests for...
Our partner organisations have been able to assist some of our clients who were seeking business loans. They have access to some of the finest rates on the market call Sean on 03330 113622 for help.....
It should be noted that the term CF will also draw search traffic from those who are trying to use it for charitable purposes, but it is difficult to strip out parts of the search traffic. It will be...
http://www.fundinvoice.co.uk/blog/news/post/demand-business-loans-increasing.html - Do Tech Savvy People Under Value Recruitment Consultants
Do younger, tech savvy people tend to undervalue the use of recruitment consultants in finding a job?...
I recently commented on an interesting post on LinkedIn about why the recuitment process often fails to match the right people with the right jobs. Some of the issues that it blamed were over...
I have seen it with my own children, and other young people that are looking for jobs. They are "tech savvy" and used to using an app for everything. The number of times my kids have told me...
The other issues that strikes me as relevant, is that everything has "scaled up". People sell houses via national websites like Zoopla and Rightmove, they get their insurance from CompareTheMarket,...
Part of the thinking may be that unless one uses these large scale sites, one might miss out on what is available, as no smaller retailer or recruiter is going to have access to the full array of...
Taking the large scale, online warehouse approach to recruitment overlooks the simple benefits of using a recruitment consultant. Someone to understand exactly who you are as a candidate (or...
Most permanent recruiters also operate some kind of "claw back" arrangement on their fees i.e. the candidate has to stay for a certain amount of time or else they refund some of the fee to their...
We deal with a lot of recuiters (both permanent and temporary), as an exceptionally large proportion of them use invoice finance, so its a sector that we are very familiar with. My advice to the tech...
http://www.fundinvoice.co.uk/blog/news/post/do-tech-savvy-people-undervalue-recruitment-consultants.html - DueCourse In Administration
DueCourse Limited have apparently gone into Administration. according to FinExtra the invoice financing fintech platform raised £6.5 million of funding, but have since gone into Administration....
A quick search at Companies House reveals that the company DueCourse Ltd, registration number 09205274 went into administration on 14 July 2017....
The company filed accounts to September 2016 that showed a liquid business, with a net worth of £954K. The balance sheet also revealed £905K of cash held by the business. Whilst no profit...
The accounts showed 5 employees, who will no doubt now be joining the ranks of those seeking jobs within the invoice finance sector....
The contacts for the Administrators, Leonard Curtis, are shown as Mark John Colman 20 Roundhouse Court, South Rings Business Park, Bamber Bridge, Preston, PR5 6DA and John Malcolm Titley....
DueCourse where only recommended to us a few weeks ago as a potential funding option for a difficult client situation, via a contact on social media. We didn't go any further with this as the...
if you are an existing client of DueCourse, or a prospect that was looking at using them, we will be more than happy to help you find an alternative invoice finance provider, and can recommend...
http://www.fundinvoice.co.uk/blog/news/post/duecourse-in-administration.html - Economic Domino Effect
Yesterday brought the news that Iceland is raising their banking base rate by a massive 6% to 18% as the IMF (International Monetary Fund) injects funds to rescue the country's economy. Other...
Everything depends on continued confidence and each "shock" rocks our confidence a little more....
http://www.fundinvoice.co.uk/blog/news/post/economic-domino-effect.html - Emergency Finance Help With The Business Impact Of Coronavirus
UPDATE: CBILS, BBLS & RLS HAVE NOW CLOSED - FOR ALTERNATIVES SEE OUR MORE RECENT ARTICLE....
There have been many impacts of novel coronavirus and the hysteria that has surrounded it. In some cases, companies have been receiving huge orders to assist with the UK Government's...
Also, there have been surges in demand for products that people are stockpiling in preparation for any period of quarantine, or compulsory lockdown. These have included hand sanitiser gels, facemasks...
SEEK EMERGENCY FINANCE...
In other cases, the impact may have been more negative on businesses. Already we have seen the first casualties e.g. the airline Flybe going into Administration, with the outbreak being cited as the...
Now might be a good time to consider implementing bad debt protection against debtor insolvency, to protect and cushion your company....
If you are worried about insolvency, and the implications of continuing to trade whilst insolvent, please speak to Andy Pear at Moorfields who can assist you....
With the whole of Italy already in a lockdown "self-isolation" protocol, people are speculating on how long it could be before similar measures are invoked in the UK. Let's hope that does not...
The impact on your workforce may also become an issue, as more and more people are following the emergency "self-isolation" protocols. Many businesses are heavily reliant upon staff in order to...
As the fear continues to grow, in response to the rising number of cases, it is likely that there will be further impacts on demand in the UK. I have heard of businesses shutting down their premises...
Many companies operate on a hand-to-mouth basis and do not have the reserves to withstand this type of disruption, even on a short-term basis. The Government has promised some support e.g. Time To...
I received an email from one of our panel of funders today, advising that they will be withdrawing business loans to several of the hardest-hit sectors of the UK economy, not great news for those...
At present, there is still business funding available from our panel of funders, so now is a good time to apply for emergency business finance in order to prepare your organisation for any further...
See our article: Will UK Companies Run Out Of Cash This Month?...
Related content: Business Rescue Finance....
http://www.fundinvoice.co.uk/blog/news/post/emergency-finance-help-with-impact-of-coronavirus.html - Encouraging Reply From The Startups 100 List
A really encouraging reply from the team at the Startups 100 list, following our application to be considered for inclusion in the 2015 list::...
Disappointing not to enter the top 100 list but we were pleased to get such an encouraging reply....
Next year!...
http://www.fundinvoice.co.uk/blog/news/post/encouraging-reply-from-startups-100-list.html - Entry Submitted For 1066 Business Awards
FundInvoice's entry for the 1066 business awards 2015 has been submitted, for the category of best new start-up business....
Our fingers are crossed once again!...
http://www.fundinvoice.co.uk/blog/news/post/entry-submitted-for-1066-business-awards.html - Export CID Deal Completed 100 Percent Export Confidential Invoice Discounting
Confidential Export Invoice Discounting, where all the sales of a business are to overseas customers, is not commonly available but we have just completed such a facility, with one of our funding...
Confidential Export Invoice Discounting allows the client to retain control of their debtor/customer relationships by undertaking their own credit control whilst receiving funding against their...
More deals to follow . . ....
http://www.fundinvoice.co.uk/blog/news/post/export-cid-deal-completed-100-export-confidential-invoice-discounting.html - Factor 21 Changes Name To Advantedge Commercial Finance
The established, independent invoice finance company Factor 21 has changed its name to Advantedge Commercial Finance, with effect from 22nd January 2018....
We would be happy to introduce you to our contacts at Advantedge....
http://www.fundinvoice.co.uk/blog/news/post/factor-21-name-change-to-advant.html - Factoring And Commercial Finance Booms In The EU
Factoring and commercial finance volumes are booming in the European Union....
A press release from the ABFA (Asset Based Finance Association - 15/05/17) references figures from the EU Federation For The Factoring & Commercial Finance Industry (EUF) which showed that...
These services provide much-needed working capital to businesses across Europe with around 200 billion Euros provided in funding to over 180,000 European businesses....
Factoring is a form of working capital finance that releases the cash that is tied up in unpaid sales invoices. This money can be used to improve the cash flow of the company. A key benefit is that...
The other benefit of factoring is that you receive a credit control service to help you collect in your sales ledger. This means that you don't need to employ your own team of credit controllers...
There are also growing opportunities for UK businesses to export to Europe and globally. There is plenty of funding available in the UK to help you expand into overseas territories. Much of it can...
For more information see our help section with support for UK exporters: Export Factoring & Invoice Finance...
http://www.fundinvoice.co.uk/blog/news/post/factoring-commercial-finance-booms-in-eu-europe.html - Factoring And Invoice Discounting The Solution For High And Fast Growth Businesses
Invoice finance facilities such as factoring and invoice discounting have always been seen as the solution for high-growth businesses and this is confirmed by the ABFA (Asset Based Financing...
They show that amongst the ABFA's members, their client businesses grew their sales by 11% over the previous year. This rate of growth is enormous compared with the growth in GDP (Gross Domestic...
Factoring and invoice discounting are perfect ways to fund fast-growing businesses. The issue that they face in an overtrading position is that they need the money from their sales before they have...
http://www.fundinvoice.co.uk/blog/news/post/factoring-invoice-discounting-the-solution-for-high-fast-growth-businesses.html - 4M Of False Invoices Lands David Marsden A 10 Year Ban
A Government press release dated 8th October 2018 confirms that David Andrew Marsden (62 from Exeter) has provided a 10 year directors disqualification undertaking, that has been accepted by the...
The undertaking is effective from 9th October 2018, and prohibits the individual from holding any Directorships. David Marsden was formerly the boss of First Capital Factors, the invoice finance...
The ban means that David Marsden cannot hold the position of Director in a company for 10 years from the 9th October 2018 - by which time he will be in his 70's....
The press release goes on to explain that David Marsden allegedly instructed a number of his clients to produce false invoices, before he submitted them to FCF's back-to-back receivables...
FRP Advisory are acting as the Administrators for FCF, and their most recent report to the creditors of the company confirms that David Marsden was made bankrupt on the 9th February 2017....
http://www.fundinvoice.co.uk/blog/news/post/false-invoices-lands-invoice-finance-boss-david-marsden-10-year-ban.html - Flexidraft An Alternative To Overdraft
Flexidraft has recently been launched by one of our funding partners as a flexible alternative to overdraft. There are no minimum fees and no minimum term for the facility to run which is good news...
If you are interested in a more flexible alternative to overdraft, if for instance the level of funding is not sufficient, the Flexidraft could be an interesting and cost effective option to raise...
http://www.fundinvoice.co.uk/blog/news/post/flexidraft-an-alternative-to-overdraft.html - Football World Cup Surprise Result
With the football World Cup in full swing we were expecting our flow of factoring and invoice discounting enquiries to dry up, as people took time off to watch the world cup on TV! Surprisingly, the...
Let's hope that England win - that would be an even more unexpected result!...
http://www.fundinvoice.co.uk/blog/news/post/football-world-cup-surprise-result.html - Format For Invoices And Credit Notes
I have added example formats for invoices and credit notes to the credit control section of our site: Invoices And Credit Notes...
http://www.fundinvoice.co.uk/blog/news/post/format-for-invoices-and-credit-notes.html - Free 150K Cashflow Facility Competition
In an innovative marketing move one of the invoice finance companies has launched a competition for a 150K cashflow facility that is service charge and interest free for 1 year. To enter you must be...
http://www.fundinvoice.co.uk/blog/news/post/free-150k-cashflow-facility-competition.html - Free April 2013 Invoice Finance Newsletter Published & Available To Download
The latest edition of the free invoice finance newsletter is now available for you to download, free of charge:...
The latest edition of our newsletter includes the following articles:...
http://www.fundinvoice.co.uk/blog/news/post/free-april-2013-invoice-finance-newsletter-published-available-to-download.html - Free Debtor Protection With Invoice Finance
We have just received notification of an offer from one of our invoice finance partners offering free debtor protection with invoice finance and confidential invoice finance for businesses with a...
Bad debt protection will protect your business against non payment of invoices and could help you avoid taking a bad debt. The protection is 100% on approved debtors within a specified credit limit....
If you would like more details please contact us for a free, no obligation quotation and mention your interest in "free debtor protection"....
http://www.fundinvoice.co.uk/blog/news/post/free-debtor-protection-with-invoice-finance.html - Free Research To Support Your Public Relations Press Releases
You are welcome to use our #research results, with prior approval, free of charge to support your public relations press releases and online material providing you attribute the research to: "Glenn...
Sometimes its difficult to know what to write about if you write a blog or use the other social networking media such as Facebook, Linkedin, Twitter etc. using market research results as a basis or...
Most of our material is published on this blog. We focus on invoice finance related matters but that includes a great deal of general interest material such as projected growth rates, funding...
HTML code for such an attributed link would be as follows:...
<p>Research results provided by: <a href=https://www.fundinvoice.co.uk/blog/blog.html class="newwin">Glenn Blackman</a>.</p>...
If you use any aspect of our research results you should not state or imply any support, recommendation or endorsement of your organisation or your material by Glenn Blackman. We reserve the right to...
http://www.fundinvoice.co.uk/blog/news/post/free-research-to-support-your-public-relations-press-releases.html - A Request To Fund Crypto Currency Invoices
We have just had a request in to provide funding against some invoices that are payable in cryptocurrency....
It's early days with this particular enquiry, but it appears that the transactions are being quoted, and invoiced, in US Dollars (USD) - but that the transactions are to be paid in some form of...
The use of this type of payment will mean that the field of potential funders will be significantly smaller than normal, as very few of them are able to accomodate payments via crypto currencies....
I have written previously about some developments regarding the use of crypto within our sector. Notably an article that was sent to me about the benefits of blockchain , the basis for...
It is very much an emerging sector. Most funders are at least aware of the potential for it to become more mainstream, however they are largely holding back to see how it develops and whether it...
One of the most significant issues is the current volatility of crypto, as mentioned above. It means that a price quoted one day can change dramatically the next day. Bitcoin for example is currently...
http://www.fundinvoice.co.uk/blog/news/post/funding-for-invoices-in-crypto-currency.html - Funding Product Launched For Retailers, Shops & Stores
Good news for retailers, shops and stores, one of our funding partners has launched a new finance product aimed specifically at retailers which enables them to receive a cash injection of up to...
http://www.fundinvoice.co.uk/blog/news/post/funding-product-launched-for-retailers-shops-stores.html - Funding Voice Magazine New Articles Available
New articles are now available under the Funding Voice Magazine section of our FundInvoice website. The articles cover reducing debtor days, invoicing, cash flow forecasting and advertising....
You can find links to them all here: http://fundinvoice.co.uk/news/news_new_funding_voice_articles.html...
http://www.fundinvoice.co.uk/blog/news/post/funding-voice-magazinenew-articles-available.html - FundingVoice April 2021 22 Percent Saving On Confidential Invoice Discounting
FundingVoice April 2021 - 22% Saving On Confidential Invoice Discounting is now available online....
You can read the April 2021 edition here: 22% Saving On Confidential Invoice Discounting....
Below are some of the articles that we have included in this edition of the magazine....
In this months issue you will find a selection of our most recent articles, including:...
It costs nothing to subscribe to our magazine so that you receive future editions immediately they are released. They will be sent direct to your inbox. There will always be a delay publishing them...
At present we are offering a free copy of our book "The Startup Wizard - How To Start A Business", to anyone that signs up to receive FundingVoice. You can sign up for FundingVoice and as part of the...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-april-2021-22-percent-saving-confidential-invoice-discounting.html - FundingVoice December 2021 Final Chance For Business Cash Before Xmas
FundingVoice December 2021 - Final Chance For Business Finance Pre-Xmas is now available online....
You can read the Christmas December 2021 edition here: Final Chance For Business Finance Before Christmas....
Below is a list of the articles that we have included in this edition of the magazine....
In this months issue, you will find a selection of our most recent articles, including:...
If you haven't received this newsletter by email, you have probably been removed from our list. This was a precautionary measure to ensure that we had complied with best practices. It is free to...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-december-2021-final-chance-business-finance-before-xmas.html - FundingVoice December 2022 Merry Christmas
FundingVoice December 2022 - "Merry Christmas From Us All At FundInvoice" is now available online for you to download and read....
You can read the December 2022 edition: Merry Christmas 2022 From FundInvoice....
Below is a list of the articles and posts that we have included in this edition of the free e-magazine....
In this edition, you will find a selection of our recent articles, including the following:...
You can ensure that you get FundingVoice each month by subscribing to our magazine so that you receive future editions direct to your email inbox. There is sometimes a delay in publishing them to our...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-december-2022-merry-christmas.html - FundingVoice January 2023 Our Latest Invoice Finance Case Studies
FundingVoice January 2023 - "Our Latest Invoice Finance Case Studies" is now available online to download and read....
You can read the January 2023 edition here: Our Latest Invoice Finance Case Studies....
Below is a list of the articles and posts that we have included in this edition of the free e-magazine....
In this edition, you will find a selection of our recent articles, including the following:...
To ensure that you get FundingVoice each month as soon as it is published please subscribe to our magazine so that you receive future editions direct to your email inbox. There is sometimes a delay...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-january-2023-our-latest-invoice-finance-case-studies.html - FundingVoice July 2021 How We Spend Nothing On Marketing
FundingVoice July 2021 - How We Spend Nothing On Marketing is now available online....
You can read the July 2021 edition here: How We Spend Nothing On Marketing....
Below is a list of the articles that we have included in this edition of the magazine....
In this month's issue, you will find a selection of our most recent articles, including:...
It is completely free to subscribe to our magazine so that you receive future editions direct to your inbox. There is sometimes a delay publishing them to our website, so by subscribing you...
In addition to this finance and growth based magazine, one of our partners also writes a monthly marketing newsletter. It focuses on low-cost ideas to promote your company, and there is no charge for...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-july-2021-how-we-spend-nothing-on-marketing.html - FundingVoice June 2021 Are You Paying Too Much For Invoice Finance
FundingVoice June 2021 - Are You Paying Too Much For Invoice Finance? is now available online....
You can read the June 2021 edition here: Are You Paying Too Much For Invoice Finance?....
Below are some of the articles that we have included in this edition of the magazine....
In this months issue you will find a selection of our most recent articles, including:...
It is completely free to subscribe to our magazine so that you receive future editions direct to your inbox. There is sometimes a delay publishing them to our website, so by subscribing you...
In addition to this finance and growth based magazine, one of our partners also writes a monthly marketing newsletter. It focuses around zero cost ideas to promote your company, and there is no...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-june-2021-are-you-paying-too-much-for-invoice-finance.html - FundingVoice June 2022 Stock Finance Now Available
FundingVoice June 2022 - "You Can Now Raise Additional Finance Against Stock" is now available online for you to download and read....
You can read the June 2022 edition: Stock Finance Now Available....
Below is a list of the articles and posts that we have included in this edition of the free e-magazine....
In this edition, you will find a selection of our recent articles, including the following:...
You can ensure that you get FundingVoice each month by subscribing to our magazine so that you receive future editions direct to your email inbox. There is sometimes a delay publishing them to our...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-june-2022-stock-finance-now-available.html - FundingVoice March 2022 FundInvoice Win Best Invoice Finance Brokerage UK Award
FundingVoice March 2022 - "FundInvoice Has Won Best Invoice Finance Brokerage UK" is now available online for you to download and read....
You can read the March 2022 edition here: FundInvoice Has Won Best Invoice Finance Brokerage UK....
Below is a list of the articles and blog posts that we have included in this month's edition of our free e-magazine....
In this month's issue, you will find a selection of our most recent articles, including:...
You can ensure that you get FundingVoice each month by subscribing to our magazine so that you receive future editions direct to your inbox. There is sometimes a delay publishing them to our website,...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-march-2022-fundinvoice-win-best-invoice-finance-brokerage-uk-award.html - FundingVoice March 2023 FundInvoice Wins Second Award
FundingVoice March 2023 - "FundInvoice Wins 2nd Award" is now available online to download and read....
You can read the March 2023 edition here: FundInvoice Wins 2nd Award....
Below is a list of the articles and posts that we have included in this edition of the free e-magazine....
In this edition, you will find a selection of our recent articles, including the following:...
To ensure that you get FundingVoice each month as soon as it is published please subscribe to our magazine so that you receive future editions direct to your email inbox. There is sometimes a delay...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-march-2023-fundinvoice-wins-second-award.html - FundingVoice May 2021 No Personal Guarantees
FundingVoice May 2021 - No Personal Guarantees is now available online....
You can read the May 2021 edition here: Invoice Finance Without Personal Guarantees....
Below are some of the articles that we have included in this edition of the magazine....
In this month's issue, you will find a selection of our most recent articles, including:...
It is completely free to subscribe to our magazine so that you receive future editions direct to your inbox. There will always be a delay in publishing them to our website, so by subscribing you...
We are currently offering a free copy of our ebook "The Startup Wizard - How To Start A Business", to anyone that signs up to receive FundingVoice. You can sign up for FundingVoice and as part of the...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-may-2021-no-personal-guarantees.html - FundingVoice November 2021 29 Percent Invoice Finance Cost Savings
NOTE THAT THE AVERAGE COST SAVINGS MENTIONED BELOW HAVE SINCE BEEN UPDATED...
FundingVoice November 2021 - 29% Invoice Finance Cost Savings is now available online....
You can read the November 2021 edition here: 29% Invoice Finance Cost Savings....
Below is a list of the articles that we have included in this edition of the magazine....
In this months issue, you will find a selection of our most recent articles, including:...
If you haven't received this newsletter by email, you have probably been removed from our list. This was a precautionary measure to ensure that we had complied with best practices. It is free to...
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-november-2021-29-percent-invoice-finance-cost-savings.html - FundingVoice November 2023 Our One Decade Birthday
FundingVoice November 2023 - Did You Hear About Our One Decade Anniversary? is now available online....
You can read the November 2023 edition here: Did You Hear About Our One Decade Anniversary?...
Below are some of the articles that we have included in this publication....
In this edition, you will find a selection of our most recent articles, including:...
It costs nothing to subscribe to our magazine so you receive future editions immediately they are released. There will always be a delay in publishing them on our website....
At present, we are offering a free copy of our book "The Startup Wizard - How To Start A Business", to anyone who signs up to receive FundingVoice....
http://www.fundinvoice.co.uk/blog/news/post/fundingvoice-november-2023-one-decade-birthday.html - FundInvoice Are 2021 Finalists For Invoice Finance Broker Of The Year
We are delighted to announce that Business Moneyfacts Awards have just announced that FundInvoice LLP is a Finalist for "Invoice Finance Broker Of The Year 2021". This will be the 7th consecutive...
We now need quality testimonials, from everyone who deals with us, to help us win the award: NOW CLOSED...
We are really pleased to have made the shortlist of finalists this year. It means that we have held that coveted place for the last 7 consecutive years....
The announcements were held live via Twitter and LinkedIn, which is a great idea and makes for an exciting afternoon in these difficult times....
Two other awards that we always watch with interest are those for Best Factoring & Invoice Discounting Provider and Best Service From an Invoice Finance Provider, as these are important...
The list of finalists for those awards, in no particular order, were as follows:...
The full list of our fellow finalists for the 2021 award is as follows:...
Congratulations to all our fellow finalists, we look forward to the next stage of the competition and look forward to continued support from all our clients, introducers and funding partners....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-2021-finalists-best-invoice-finance-broker.html - FundInvoice Are 2022 Finalists For Invoice Finance Broker Of The Year
Amazing start to the new year, we are delighted to tell you that Business Moneyfacts Awards have just announced FundInvoice LLP as Finalists for "Invoice Finance Broker Of The Year 2022". This will...
We need your quality testimonial in order to win. As previously, we are up against several much larger organisations. It doesn't matter if you are a client, a prospect, a funder, or one of our...
Please provide a quality testimonial via the following link (on the page select "FundInvoice LLP" from the list of finalists):...
TESTIMONIALS NOW CLOSED...
Thank you in advance....
We are so pleased to have made the shortlist of finalists again this year. It means that we have held that coveted place for the last 8 consecutive years. The announcements were held live via...
Two other awards that we always watch with interest are those for "Best Factoring & Invoice Discounting Provider" and the award for "Best Service From an Invoice Finance Provider". We feel that...
The list of finalists for those awards, in no particular order, were as follows:...
The full list of our fellow finalists for the 2021 award are as follows:...
Congratulations to our fellow finalists, we look forward to the next stage of the competition and hope to receive the continued support of all our clients, introduced, readers and funding partners....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-2022-finalists-for-best-invoice-finance-broker.html - FundInvoice Are Finalists In Business MoneyFacts Awards 2015
Great news! FundInvoice LLP are finalists for Asset Based Finance Broker of the Year in the Business MoneyFacts Awards 2015: FundInvoice Finalists In Business MoneyFacts 2015...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-are-finalists-in-business-moneyfacts-awards-2015.html - FundInvoice At The Business Startup Show 2015
Sean Morrow and I were pleased to attend the Business Startup Show and the Business Show 2015 yesterday: FundInvoice At Business Startup 2015...
Pictured above: Glenn Blackman and Sean Morrow of FundInvoice LLP...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-at-the-business-startup-show-2015.html - FundInvoice Are Finalists For Invoice Finance Broker Of The Year 2018
For the 4th year running FundInvoice has been confirmed as a finalist in the Business Moneyfacts Awards. We have just received notification that we are finalists in the category for Invoice Finance...
We appreciate those of you that submitted a testimonial for FundInvoice to be nominated as winners after you have dealt with us in any capacity. The judging process was all about the quality of...
We are absolutely delighted to have been named as finalists, especially up against so many larger competitors. It reflects the quality of the service that our small team delivers and the contribution...
The winners will be announced at the annual Business Moneyfacts awards dinner, which will be held at the Royal Lancaster Hotel, London on Wednesday 21st March 2018. This year's event is to be...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-bmf-awards-invoice-finance-broker-of-the-year-finalists-2018.html - FundInvoice Are Business Moneyfacts Awards Finalists 2019
We are delighted to announce that FundInvoice LLP has been confirmed as "Finalists" for "Best Invoice Finance Broker" in the 2019 Business Moneyfacts awards! This is the 5th year running that we have...
We really need a testimonial from you so that we can win this award - if you are a customer, a prospect, a funder that we work with, or a reader of our blog or magazine....
Please give your testimonial using the link below - it is the quality of what you say about us that is key, rather than just votes:...
Help FundInvoice Win - By Providing A Testimonial - (VOTING HAS NOW CLOSED - THANKS TO ALL THOSE THAT SUPPORTED US)...
Glenn Blackman, a Partner at FundInvoice" said:...
"We are over the moon to make this the 5th year running that we have been confirmed as Finalists for a Business Moneyfacts award, especially to be amongst much larger firms from across our sector, it...
Congratulations to the full list of finalists for Invoice Finance Broker of The Year 2019 which are as follows:...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-business-moneyfacts-awards-finalists-2019.html - FundInvoice Confirmed As Finalists At The BMF Awards 2016
FundInvoice were pleased to be confirmed as awards "Finalists" at the 2016 Business Moneyfacts Awards last night, in the category of the Best Asset Based Finance Broker 2016....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-confirmed-as-finalists-at-the-bmf-awards-2016.html - FundInvoice Entry Submitted To Startups 100 Index
FundInvoice has submitted its entry for consideration for the Startups 100 2014 index....
The index lists the year's 100 most innovative, fast growing or forward thinking start ups....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-entry-submitted-to-startups-100-index.html - FundInvoice Exceeds 10 Million Funding Target
We are pleased to announce that the team at FundInvoice have exceeded our £10M funding target, and arranged £10.75 million of lending for clients....
The facilities are spread across a large number of individual corporate clients, and we have dealt with the full range of different sizes of clients....
Many facilities have been for small businesses, some have been as small as £15K, including a number that we have arranged for new startup companies (which often struggle to find finance)....
At the other end of the spectrum, we have arranged facilities of several million pounds for large established companies that are seeking to grow and expand further....
We endeavour to help clients that have been having difficulty finding the funding that they need....
We recently reported a 97% success rate in finding finance for companies that we deal with. This means that there is every chance that we will be able to help any company find the finance that it...
You may have even been put off from trying to secure the backing you need due to concerns about your history, or situation - you do not need to worry about this, we can make enquiries for you...
We achieve this by continually building connections with a broad range of different lenders, in particular those that can help with difficult deals that others may have declined. We also seek to keep...
If you need help finding finance for your company please let us try and help you, without obligation for you to proceed, and in total confidence. Call Sean on 03330 113622 or use the green...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-exceeds-10-million-funding-target.html - FundInvoice Finalist 2nd Year Running For Business MoneyFacts Awards
Great news! FundInvoice are "Finalists", for the second year running, in the Business MoneyFacts Awards 2016....
The "Finalists" for Asset Based Finance Broker of the Year are (in no particular order):...
The BMF Awards winners were revealed at an evening awards dinner on 17 March 2016, held at the Lancaster London Hotel....
Lee Tillcock, Editor of Business Moneyfacts, commented:...
'The last year has been profitable for many businesses and their broker and finance providing partners. As the appetite for funding grows, brokers and providers have embraced the opportunity to...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-finalist-2nd-year-running-for-business-moneyfacts-awards.html - FundInvoice Are 2024 Finalists For Invoice Finance Broker Of The Year
Thank you to all of our clients, funding partners and readers who kindly provided a testimonial on our behalf....
Business Moneyfacts Awards have confirmed that FundInvoice LLP is once again a finalist for "Invoice Finance Broker Of The Year 2024". This makes it 10 consecutive years that we have made it to the...
As always, we are up against many much larger organisations so we thank you for all your support support. It doesn't matter if you are a client, a prospect, a funder, or one of our readers - we...
We always watch with interest two other awards. The one for "Best Factoring & Invoice Discounting Provider" and the award for "Best Service From an Invoice Finance Provider". We feel these awards...
The list of finalists for those awards, in alphabetical order, was as follows:...
The finalists were:...
The list of finalists for that award was:...
Congratulations to all the finalists....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-finalists-2024-bmf-awards-best-invoice-finance-broker.html - FundInvoice Finalists At The 1066 Business Awards 2015
Brilliant news! FundInvoice were confirmed as "Finalists" at the 1066 Business Awards 2015 on Friday night....
The awards dinner was held on Friday at the Bannatyne Spa Hotel in St Leonards-on-Sea. The event was hosted by Danny Pike of BBC Sussex and BBC Surrey and the FSB (Federation of Small Businesses)...
More details will follow....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-finalists-at-the-1066-business-awards-2015.html - FundInvoice Finalists At The 1066 Business Awards 2015 - Bannatyne Spa Hotel Hastings
News article below regarding FundInvoice being nominated as finalists at the 1066 Business Awards 2015:...
News article - FundInvoice, Finalists At 1066 Business Awards 2015...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-finalists-at-the-1066-business-awards-2015-bannatyne-spa-hotel-hastings.html - FundInvoice Has The Best Website
Some interesting feedback from a web designer that we met at the business show. He was offering free website reviews too many of the visitors to the national exhibition....
Apparently, the FundInvoice website was rated the best of all the websites that that he reviewed during the recent business show....
Great news, our focus on delivering top quality content, rather than relying on cheap search engine optimisation tricks, is paying dividends....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-has-the-best-website.html - Top Review For FundInvoice Invoice Finance Brokerage From IT Procurement Specialists
Another great review from another client who appreciated the impartial nature of the invoice finance brokerage service that we offer....
The FundInvoice invoice finance brokerage service was recently used by an firm of IT procurement specialists who gave us the top, 5 star rating and had this to say about our service:...
"Many thanks to Sean for all his help in setting up our invoice finance agreement. Going into the process, with very little understanding of the different types of invoice finance, I was dubious to...
As FundInvoice are fully impartial I could utilise their expertise to get the best invoice finance agreement for our business. I am confident we have made the correct choice and I look forward to...
Director - IT Procurement Specialists (Ref: 8666)...
As this review demonstrates our invoice finance quote search service is completely independent and impartial. We don't have any shares in any invoice finance companies, we don't provide...
If either answer is a "yes", its probably wise to understand exactly what the situation is so that you can decide if they are likely to have any kind of bias....
We pride ourselves on not having any bias, enabling us to give completely independent advice to our customers....
It is also worth checking that the brokerage deals with a good cross section of factoring companies. If they only deal with one or two, as many firms of accountants told us they did in a survey we...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-invoice-finance-brokerage-top-review-from-it-procurement-specialists.html - FundInvoice Invoice Finance Quote Search Website Launched
The new website for FundInvoice LLP, who provide a free, independent quotation search for invoice finance, factoring and invoice discounting, has launched!...
Just follow this link: http://www.fundinvoice.co.uk...
The site includes details of how to register for the free "Funding Voice" magazine which will be published monthly and include articles, tips and advice about improving business cash flow. You can...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-invoice-finance-quote-search-website-launched.html - FundInvoice Is 10 Years Old
FundInvoice is 10 years old! It's hard to believe but the invoice, finance and business finance brokerage we started back in 2013 is turning ten years old!...
A lot has happened since we started 10 a decade ago. Our business is now the proud winner of several awards for its receivables financing search service and we have been finalists for numerous other...
During that time we have helped a large number of customers find their way to the best source of business financing for their businesses....
This has included a wide range of funding options such as receivables finance, factoring, loans and trade finance. We have been lucky enough to receive several glowing testimonials from customers and...
We have taken pride in finding some substantial cost savings for our clients and we have published enormous amounts of information to assist businesses. This includes both an extensive market...
We remain a small team that is very much focused on providing excellent personal service to our customers. Here's to the next 10 years!...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-is-10-years-old-today.html - FundInvoice is now on Instagram
FundInvoice is now on Instagram - so you can view all our photos, videos and infographics there: FundInvoice Instagram...
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-is-now-on-instagram.html - Our Terms And Conditions Are Now Accepted As Part Of Applications
FundInvoice have always been keen to ensure that customers have a clear understanding of what to expect and how we will handle their data. We have always had a simple set of Customer Terms &...
GET IN TOUCH WITH US...
To continue in that spirit of open and honest communication with customers, we have now taken the step of adding confirmed acceptance of our terms and conditions to all application and contact forms...
It means that customers have to confirm their acceptance of our terms in order to be able to submit a contact request or facility application. I am confident that our terms are so simple that...
This step was partly in response to a growing number of funders that rightly require explicit confirmation that your have the customer's consent to pass on any personal data that is provided....
With growing awareness of data protection rights in particular, we thought it was best to add this simple step so that there is a clear acceptance of our terms included in the contact process. In...
See our: Privacy Policy....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-terms-and-conditions-now-accepted.html - FundInvoice Wins The Award For Invoice Finance Quote Search Services Provider Of The Year 2022
FundInvoice LLP is proud to announce winning a second award!...
This time we received the 2022 award for "Invoice Finance Quote Search Services Provider Of The Year - UK" at the European Enterprise Awards. Excellent news and our thanks must go to all our clients,...
We were really grateful to hear that our efforts had again been recognised with another award....
Our small team strives to provide a unique invoice finance quote search with personal service to UK companies that are seeking products such as invoice finance, factoring, invoice discounting and...
Glenn Blackman said, "We are very grateful to receive a second award, it reflects all the hard work put in by our small team over the last year. Receiving this type of recognition makes all that...
Our specialism has always been receivables financing as both Glenn and Sean have extensive backgrounds within the sector. One of our strengths has been the amount of research we have conducted within...
You can read a full write-up about us and the award here: Article About FundInvoice In EU Business News....
You can see confirmation of our win here: FundInvoice LLP - Winner Of Invoice Finance Quote Search Services Provider Of The Year - UK - 2022....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-winner-invoice-finance-quote-search-provider-of-the-year-2022-uk.html - FundInvoice With Hitachi Capital Invoice Finance At The BMF Awards 2015
Picture of Glenn Blackman and Sean Morrow from FundInvoice LLP with Steve Smith and David Willis of Hitachi Capital Invoice Finance, at the Business MoneyFacts Awards 2015....
FundInvoice were finalists in the category of "Best Asset Finance Brokers" and Hitachi were Commended in the category "Best Factoring & Invoice Discounting Provider"....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice-with-hitachi-capital-invoice-finance-at-the-bmf-awards-2015.html - FundInvoice Nominated In 1066 Business Awards
Really pleased to be nominated as Finalists in the 1066 Business Awards again this year. This time we are in the category of Best Small Business 2016....
Looking forward to the awards presentation dinner, later this month, at Bannatyne's Hotel....
http://www.fundinvoice.co.uk/blog/news/post/fundinvoice_nominated_in_1066_business_awards.html - Today Marks 20 Years In Business
Today marks my personal anniversary of 20 years in business. I can't believe that it's been over two decades since I left my last job, and started working for myself. I feel I have been...
I have had plenty of ups (and a few downs) over that period, but I am still here. Overall I would totally recommend working for yourself to anyone that asked. It has given me the freedom to pursue...
Over the last 20 years I have had the opportunity to work with a wide variety of businesses, both within invoice finance and across a range of different industry sectors....
Business and marketing consultancy was where I started, that developed into offering telemarketing and research services, which in turn gave rise to our invoice finance brokerage. In addition to the...
I have been lucky enough to have worked with some exceptional people, including our team at FundInvoice. I can't imagine ever stopping, so here's to the next however many years!...
Thank you to everyone that has helped and supported me over the last 20 years....
Glenn...
Glenn BlackmanPartnerFundInvoice LLP12th June 2020...
http://www.fundinvoice.co.uk/blog/news/post/glenn-blackman-20-years-in-business.html - Bio For Glenn Blackman
I was recently asked for a short Bio to be used by the publishers that have asked me to help moderate one of the panels at the Alternative and Receivables Finance Forum. The bio is below in case...
Glenn Blackman MBA is the author of two books "Selling Without Shaking Hands - How To Sell From Anywhere" (co-written with Mike Vince) and "The Startup Wizard: How To Start A Business". He is the...
Glenn has been involved with the business finance sector since 1988 and has worked with a spectrum of lenders - from small independent providers to high street banks and FTSE 250 companies. He has...
Glenn has created an extensive library of free business finance research materials, resulting from numerous studies of customer behaviour, pricing and service quality levels, within the sector. He...
He can be contacted here: Glenn Blackman...
http://www.fundinvoice.co.uk/blog/news/post/glenn-blackman-bio.html - Glenn Blackman Trade Receivables Securitisation Panel Moderator At ARF 2024
BCR were kind enough to invite me back again this year to moderate a panel at the 10th Alternative & Receivables Financing Forum 2024. This was held at Clifford Chance in London....
The panel drew together some of the leading experts in the field of trade receivables securitisation which made for an informative discussion....
The participants included senior figures from Lloyds Bank, BNP Paribas, Fasanara Capital, J. P. Morgan and Simmons and Simmons, a leading law firm in this field....
Trade receivables securitisation enables large corporates to sell pools of outstanding invoices to create an additional source of business funding....
Note: For a more detailed explanation of this subject see this article by Demica that explains: trade receivables securitisation....
In addition to recent industry trends, technology and innovations the discussion covered the mitigation of key challenges such as dealing with performance volatility, customer concentrations and...
The discussion covered the innovation surrounding the assets that can be included in receivables securitisation. Panelists noted how this evolution is expanding the scope of what is possible, making...
On the topic of technology, the potential for artificial intelligence (AI) was a standout theme. Panelists highlighted the transformative role AI could play, particularly in the legal and...
Jurisdictional challenges emerged as a critical barrier to cross-border receivables securitisation. The discussion touched on the significant costs associated with conducting due diligence across...
I hope that my role as moderator helped ensure that these complex topics were discussed in a focused way and that the session offered attendees some valuable insights into the future of trade...
Glenn Blackman is the Editor of FundingVoice magazine and a Partner at FundInvoice LLP. He can be contacted on 03330 113622....
http://www.fundinvoice.co.uk/blog/news/post/glenn-blackman-trade-receivables-securitisation-panel-moderator-alternative-and-receivables-financing-forum-2024.html - Good Luck From FundInvoice To Our Fellow Finalists At The #BMFAwards 2020 Today
Good luck to our fellow finalists at the #BMFAwards 2020, with the awards ceremony being held "virtually" today via social media. FundInvoice are delighted to be finalists for an award, for the 6th...
Due to the issues with the pandemic, the organisers, Business Moneyfacts magazine have decided it is everyone's best interests that the awards ceremony is conducted virtually, via social media,...
It is sad that the actual event is unable to go ahead this year. It is always brilliantly organised, and a pleasure to attend. Let's hope that everything is back to normal for the 2021 event to...
As we have said many times before, we are pleased to be recognised as one of a handful of finalists, in this national category, where we are up against many other significantly larger invoice finance...
There are a number of other interesting categories we will be particularly interested in throughout the day. The first is for the Best Factoring and Invoice Discounting Provider. The second that we...
Good luck everyone!...
http://www.fundinvoice.co.uk/blog/news/post/good-luck-finalists-at-bmfawards-2020-today-fundinvoice.html - Good Start To 2018 For FundInvoice Business Finance Enquiries
FundInvoice has had a good start to 2018, with an increasing number of incoming enquiries for business finance having been received. The numbers are both up at the same time last year, and also up at...
GET A QUOTE FOR BUSINESS FINANCE...
As ever, we have seen a wide variety of different client situations that need support, such as:...
We have published some key materials recently, such as:...
We are now going into the rest of the year hoping to capitalise on the good start made. In March we have the results of the Business Moneyfacts Awards 2018, for which FundInvoice have been confirmed...
It is also good to see that a number of our existing clients are thriving, and growing, as a result of the cash flow finance that we have found them. Many have enjoyed steep growth rates that they...
http://www.fundinvoice.co.uk/blog/news/post/good-start-to-2018-for-fundinvoice-business-finance-enquiries.html - Google Plus Page For FundInvoice
We have set up a new page and customised URL on Google+ for FundInvoice: Google+ FundInvoice Page...
Reviews are welcomed!...
Update: Google Plus has since been shut down....
http://www.fundinvoice.co.uk/blog/news/post/google-plus-page-for-fundinvoice.html - Government CBILS Approval Rate Just 0.8 Percent
According to a report in the Guardian (02/04/20) in the week since the UK Government launched the CBILS (Coronavirus Business Interruption Loan Scheme) there have been 130,000 enquiries from...
The article reports that only 983 companies had been approved for loans, so far - that is a loan approval rate of just under 0.8%. The article goes on to call the scheme "fiddly, slow and rested too...
SEEK BUSINESS FINANCE...
The Government response to this disappointing result has been to re-jig the scheme, including the removal of personal guarantees for loans under £250K....
Whilst I am sure this will be welcomed by business owners, I don't think it is the presence of personal guarantees that was the issue. This is evidenced by the significant number of enquiries....
Furthermore, business finance industry commentators have already observed that removing PGs takes away responsibility from the borrower to ensure they repay the loans - this could make lenders even...
What we hear, from the business loan market, is that many lenders have already tightened their lending criteria for business loans generally e.g. requiring home ownership (still NOT required for all...
This brings me to what I feel is the real problem with the CBILS scheme....
The Government are guaranteeing 80% of the lending. This means that the lenders are still assuming 20% of the risk. So if its a £100K loan in question, the lender will be "on the hook" for...
See also: CBILS and alternative funding....
http://www.fundinvoice.co.uk/blog/news/post/government-cbils-loan-approval-rate-alternatives.html - Guaranteed Fuel Card For The Road Haulage Industry With Invoice Finance
One of our invoice finance partners has just launched a guaranteed fuel card for businesses in the road haulage industry. It is offered in conjunction with an invoice finance facility to overcome the...
http://www.fundinvoice.co.uk/blog/news/post/guaranteed-fuel-card-for-the-road-haulage-industry-invoice-finance.html - Happy New Year 2017 From FundInvoice
2016 has been a really successful year for us, with business growth and a significant increase in the number of subscribers to our business growth and invoice finance magazine. It has also seen us...
Thank you to everyone that has helped us along our way this year. As we look forward to building on this success in the coming year, we would like to take this opportunity to wish all our readers,...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2017-fundinvoice.html - Happy New Year 2019 From The Team At FundInvoice
2018 was another great year for the business finance brokerage team at FundInvoice. We were confirmed, for the 5th year running, as finalists for Best Invoice Finance Broker of the Year through the...
This year we have checked our past performance and found that we have enjoyed a 97% success rate in finding business finance for companies. We have also managed to save our invoice finance customers...
We set a record for the quickest funding every delivered, with just 7 hours between receiving an enquiry for invoice finance and funds being received by our client....
In addition to being asked to moderate the SME Insights panel at the Alternative & Receivables Finance Forum, we have added to our vast repository of research and support materials hosted here on...
Next year, we are planning to continue our growth and keep delivering the very best business finance and invoice finance solutions to our customers....
The team at FundInvoice would like to wish all our customers, readers, colleagues and business funding partners a very Happy and Prosperous New Year 2019!...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2019-from-fundinvoice.html - Happy New Year 2020 From FundInvoice
Glenn and Sean from FundInvoice wish you a very Happy New Year 2020! It's not only a new year but also a new decade, so a great time to analyse where you are and where you want to go. We stand...
In our Christmas 2019 message, we summarised a lot of our achievements over the course of 2019, including average invoice finance savings found of 34% and continued high levels of success in finding...
SUPPORT US WITH A TESTIMONIAL...
We are looking forward to 2020. Now that we are past the general election, whichever way you voted - and whatever your stance on Brexit, there is now a party in government with a working majority,...
With the advent of the new year, new enquiries for business funding have started again. One of the first received this year was regarding funding support for an acquisition, an area that reflects a...
Updated average invoice finance cost savings post-publication: ...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2020-fundinvoice.html - Happy New Year 2021 From FundInvoice
FundInvoice would like to wish you a very Happy and Prosperous New Year 2021!...
We would like to thank all our clients, prospects, introducers, suppliers and business contacts for their support during the last year. It has been tough for many businesses, but 2021 looks much more...
The image sums it up well, we are glad to see the back of 2020 - let's make 2021 a success....
We hope that 2021 brings you all a more fruitful year than the outgoing one. As we said in our Christmas post, 2020 has been overshadowed by all the issues around Covid-19 and Brexit. The new year...
We always like to reflect on our successes at the end of each year, so below are a few examples of those - despite the difficult circumstances. These are a few things that we have achieved over the...
Firstly we have to say that we are still here! We have traded through one of the toughest periods in UK history, and we have helped a lot of businesses survive along the way. We were "Finalists" in...
Over the last 2 years, we have saved customers 28% on average against quotes sourced elsewhere. (Note: Savings updated post-publication)....
We have been able to find business funding for 86% of the companies that we have dealt with....
We were the first to embed the Optimum Finance invoice finance application app into our website. Clients can get an invoice finance decision, and a price quote in just 60 seconds using the app....
Our website has been relaunched with an updated branding and lots of new images. We have adopted a consistent look and feel across all media....
Launching our free business turnaround guide was a particularly important success story for us. We really wanted to help businesses that are struggling in the current climate to find the help and...
We have added new product guides. Our factoring guide and our construction finance guides were launched this year....
Glenn celebrated both the anniversary of 20 years working for himself and the launch of his first book (co-authored with Mike Vince) Selling Without Shaking Hands - How To Sell From Anywhere. The...
Finally, we added our growth hub which connects new startups and growing companies with the support and resources they need to boost their business growth - something that might be very relevant as...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2021-fundinvoice.html - Happy New Year 2022 From FundInvoice Receivables Finance Brokers
FundInvoice receivables finance brokers would like to wish you a very Happy and Prosperous New Year 2021!...
We would like to thank all our clients, prospects, introducers, suppliers and business contacts for their support during the last year. 2021 has been a year of recovery and growth where we have been...
This year, there have been a lot of changes we have reported on within our sector. We saw another funder purchased out of Administration and we reflected on the events that led to the Greensill...
We always like to reflect on our successes at the end of each year, so below are a few examples of those. These are a few things that we have achieved over the last year....
Firstly, we have managed to increase the number of clients we have supported dramatically, an increase of more than 50% over last year. We made the list of "Finalists" in the category of "Invoice...
We have maintained our 4.9 out of 5 average customer service rating, which is great news....
Over the last 3 years, we have saved customers 29% on average against quotes sourced elsewhere. Great news if you are seeking to save some money on your existing receivables financing fees....
We have been able to find business funding for 88% of the companies that we have dealt with. Up slightly from the 86% we achieved last year....
Launching our free business Cash Flow Guide was a particularly important success story for us. We wanted to pull together everything we know and everything that we have published about cash flow into...
Glenn published a second book "The Startup Wizard - How To Start A Business". This can be downloaded free of charge when you sign up for our monthly magazine. He was also pleased to be asked to chair...
Overall it has been a great year and we are looking forward to what 2022 will bring. We have an important announcement to make very soon, so watch this space!...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2022-from-fundinvoice-receivables-finance-brokers.html - Happy New Year 2023 From FundInvoice Receivables Finance Brokers
FundInvoice receivables finance brokers would like to wish you a very Happy and Prosperous New Year 2023!...
We would like to thank all our clients, prospects, introducers, suppliers and business contacts for their support during the last year. 2022 has been a year where we have been able to continue to...
Here is a link to the December 2023 edition of FundingVoice Magazine....
This year, there has been a variety of changes within our sector. Several companies have rebranded notably Advantedge becoming ECapital and MarketFinance rebranding to Kriya....
We always like to reflect on our successes at the end of each year, so below are a few examples of those. These are a few things that we have achieved over the last year....
Firstly, we received the 2021 European Enterprise Award for Best Invoice Finance Brokerage - UK, something we were delighted to receive. Once again we have managed to increase the number of clients...
We have again maintained our 4.9 out of 5 average customer service rating, which is one of our key measures....
Over the last 4 years, we have saved customers 29% on average against quotes sourced elsewhere. If you are looking to save some money on your existing receivables financing fees, we may well be able...
In addition to our existing suite of business and financing guides, we released our Working Capital Guide. We also produced guidance about Pre-Pack Finance and another about preparing your business...
Glenn was invited back to the BCR Alternative & Receivables Financing Conference as a speaker. This time to moderate a panel addressing the role of digitalisation, cryptocurrency, blockchain and...
Overall it has been another good year for FundInvoice and we look forward to supporting even more SMEs in 2023. Once again, we have another important announcement to make very soon, so please keep an...
http://www.fundinvoice.co.uk/blog/news/post/happy-new-year-2023-from-fundinvoice.html - Help Finding A Replacement Factoring Company
Rumours are circulating once again that one of the UK's factoring companies is seeking to offload their book of factoring clients....
If this affects your company, don't panic; there are replacement factoring options available from providers that will welcome you with open arms....
SEEK REPLACEMENT FACTORING...
We have seen similar situations before, when funders have asked clients to find alternative facilities. Customers have in the past received letters from their funders - out of the blue - asking them...
In some situations like this, a particular alternative provider may be suggested. This company may well suit your needs, but you should not miss the opportunity to search the market and see what...
In this case, it is the factoring clients that are affected, presumably because factoring requires the provision of a credit control service, in addition to prepayments, which needs to be delivered...
Some of these factoring users may want to take this opportunity to consider if they even need a factoring service. The option to move to invoice discounting may be attractive to some that would...
Either way, the good news is that there are plenty of alternatives. Whilst getting that notification is likely to be an initial shock, you could end up saving some money from the process of finding a...
There should be a period of notice specified in your factoring agreement for situations like this.It is likely that any communication from your factor will set out the time period that you have to...
If you are in a good cash flow position, you might want to consider leaving factoring altogether. If so, see our factoring termination guide for ideas on how to wind down a facility or move to an...
http://www.fundinvoice.co.uk/blog/news/post/help-finding-a-replacement-factoring-company.html - Please Help FundInvoice Win Best Invoice Finance Broker 2020
This is your last opportunity to help FundInvoice win the Best Invoice Finance Broker award at the BMF Awards this year, by providing a testimonial before the deadline at the end of January 2020 (NOW...
Back in December I wrote about how we had been confirmed as "Finalists" for the award - "Best Invoice Finance Broker". This was from the Business Moneyfacts Awards 2020. This made it the 6th year...
These are a few of the reasons that we feel we should win the award (inspiration for your testimonials!)....
Below are a few of the reasons that we believe make us great candidates to win this award:...
We very much hope that you will take the time to provide us with a testimonial, whether you are a customer, prospect, funding partner or other party that has dealt with us....
Thank you for your ongoing support....
With kind regards,...
Glenn & SeanFundInvoice LLP...
http://www.fundinvoice.co.uk/blog/news/post/help-fundinvoice-win-best-invoice-finance-broker-2020.html - HMRC "Time to Pay" Scheme
At the end of last year there was much speculation about the impact of the withdrawal of the HMRC's "Time to Pay" scheme, that has allowed 160,000 businesses additional time to pay their outstanding...
This prompts the question - as to exactly what "as long as is needed" means and also "as long as is it is needed" by who? ...
It seems inevitable that this scheme is going to be withdrawn at some point in order to ease the public finances and when that happens there is going to be an impact on all those businesses that have...
Sound advice would seem to be to put in place the finance now to be able to settle those liabilities rather than waiting until the government decides that the "Time to Pay" scheme is no longer needed...
http://www.fundinvoice.co.uk/blog/news/post/hmrc-time-to-pay-scheme.html - How Big Could The Invoice Finance Market Become?
I have just written a piece for the Commercial Finance Today publication titled: "The Prize - The Potential Size of the UK Invoice Finance Market" that attempts to size the potential target market...
My article should be in this months edition of Commercial Finance Today from Commercial Finance People....
http://www.fundinvoice.co.uk/blog/news/post/how-big-could-the-invoice-finance-market-become.html - How Clients Suggest the Industry Promotes Invoice Finance
Below is the title of my latest invoice finance article published by Commercial Finance Today:...
How Clients Suggest the Industry Promotes Invoice Finance....
http://www.fundinvoice.co.uk/blog/news/post/how-clients-suggest-the-industry-promote-invoice-finance.html - How Poor Credit Control Can Lose You Customers
I have just seen first hand the perfect example of how poorly organised credit control can lose you a customer....
We bought some goods from a small local company at the end of last year. The product was excellent and until this morning I have taken every opportunity since to sing their praises and recommend them...
Almost 5 months ago now they phoned to say that we hadn't paid their invoice. We had no record of ever receiving it so we arranged payment immediately and asked the girl that we dealt with to call us...
The invoice was paid immediately and I received a very courteous message from a lady at the firm thanking us for our payment and confirming receipt....
They have lost us as a customer. They have also lost us as an advocate to other prospective customers as a result of the aggressive, disorganised way that they went about their credit control....
Every business is entitled to be paid promptly but every business also has a responsiblity to conduct their credit control activities in a timely, organised way....
All it needed in this case was methodical follow up IMMEDIATELY the payment wasn't received and we would have resolved it as soon as we were aware of the problem. Instead of that, they left it for...
This whole process could have been used to get closer to us to secure future business instead of alienating us with threats regarding what was a banking error that was resolved immediately it was...
http://www.fundinvoice.co.uk/blog/news/post/how-poor-credit-control-can-lose-you-customers.html - How To Get A Business Loan
Completing a number of business loans for clients has given us a unique perspective on the marketplace. We have arranged several commercial loans for our clients. In some cases it has been to enable...
REQUEST A CALL ABOUT A LOAN...
Several loans have been sizable lends, circa £100K. One was over a 5-year term secured by way of a personal guarantee only, due to the strength of the company itself. Another was secured...
Smaller, or larger levels of lending have also been arranged....
Also see: How To Get A Small Business Loan...
We have specialist partners who are experts in the field of commercial loans, which gives our clients an alternative to debtor finance. This can be attractive to companies that don't want to go...
As an alternative to a standalone commercial loan, several of our invoice finance partners now offer top-up cash flow loans for factoring or invoice discounting users. These operate in addition to...
See also: How To Work Out How Much You Need....
For more details please call Sean on 03330 113622 or request a call about how to get a business loan....
http://www.fundinvoice.co.uk/blog/news/post/how-to-get-a-business-loan.html - Using Hyperledger Distributed Ledger Technology In Invoice Finance
One of the sponsors of the Alternative & Receivables Finance Forum 2019 was a firm called INVIOU. I have had some follow up discussions with their CEO and Founder, Dror Shapira about the...
INVIOU's network is a financial documents and charges registry. Data is recorded in an immutable and encrypted manner such that it is only accessible to permitted users via an advanced privacy...
Funders are able to use INVIOU's registry to verify invoice ownership and its availability for financing. It can greatly diminish the costs associated with fraud and friction which can arise...
Their offering uses Hyperledger Fabric which is one of the blockchain projects within Hyperledger, and is supported by IBM. In a similar way to other blockchain technologies, it has a distributed...
The product currently addresses individual invoices, but they plan to expand their offering to include whole turnover services next year....
Invoice recording is free (subject to approving standard terms and conditions), invoice checking and other services are offered in a tailored package or on a pay-per-use basis. INVIOU advise that all...
If there are any funders that would like to better understand the potential application of this technology to their receivables financing portfolios, please use this online form to request a call...
Related article: Applying Blockchain Technology To Invoice Finance....
http://www.fundinvoice.co.uk/blog/news/post/hyperledger-fabric-distributed-ledger-technology.html - Independent Invoice Finance Brokers
I was curious to read a recent stream of debate on LinkedIn about the "independence" of a group of asset finance brokers that had a 48% stake in their business acquired by one of the lenders that...
The debate has centred around whether or not that affects their right to say they offer an independent brokerage service. Looking at it objectively unless there is some underlying condition to...
A more important question is for prospects to make up their own minds about the degree of independence they expect from "independent invoice finance brokers". If it was me looking for finance, I...
If one were to be pedantic about it, even having different commission schemes, from different lenders, could create a bias (it is for this reason that we have tried to keep all of ours very similar)....
Our own experience tends to be that it is more a case of trying to find the invoice finance companies that will be able to help a particular client, rather than any bias towards one lender entering...
The list is pretty much endless - we come across such a diverse range of different requirements, that there is no one invoice finance company that can handle them all hence we deal with a wide range....
The good news for our clients is that we are, hand on heart, able to call ourselves independent. We have no industry backers, and we are not invested in any of the lenders that we deal with....
http://www.fundinvoice.co.uk/blog/news/post/independent-invoice-finance-brokers.html - Getting Innovation, Design & New Inventions to Market
I have just had a fascinating meeting with someone who has come up with a brilliant, innovative new invention. Like so many inventions it was born of personal necessity but as with so many...
There are so many good ideas out there that never get to market because the inventors lack the knowledge, money or connections to progress them....
If the new UK government is serious about supporting businesses we need a process whereby inventors with viable marketable concepts are protected and supported in progressing their ideas and...
Maybe this one will end up on Drangon's Den!...
http://www.fundinvoice.co.uk/blog/news/post/innovation-design-market-inventions.html - Interest Free Funds To The End Of The Year
News just in from one of our funding partners - they have put aside a significant amount of funds in order to provide clients with interest free funding until the end of the year....
http://www.fundinvoice.co.uk/blog/news/post/interest-free-funds-to-end-of-year.html - Investec Bank Plc Acquired Amicus Commercial Finance
It has just been announced that on the 6th December 2017, Amicus Commercial Finance was acquired by Investec Bank Plc. The details of the deal were explained in an email to their introducers and...
Apparently the Amicus Commercial Finance brand will be retained for the next few months, and the contact details for Amicus will remain the same. Thereafter, it the business will be integrated into...
The email to introducers mentions the significant growth since 2015 and confirms that John Wilde will continue to lead the team. It promises to be "business as usual" by all accounts, but with access...
Not a huge surprise after Amicus didn't manage to secure it's banking licence earlier in the year. I guess it is another alternative way of reaching the same end point....
The team at FundInvoice wish them continued success....
http://www.fundinvoice.co.uk/blog/news/post/investec-acquires-amicus-commercial-services.html - Invoice And All-Asset Finance Sector Funding 15% Of UK GDP (Gross Domestic Product)
I was just reading an interesting piece on the Business Money News site about their Receivables Report Intermediary Index (there is a link to it on the UK Invoice Finance Research group on Linkedin...
http://www.fundinvoice.co.uk/blog/news/post/invoice-and-all-asset-finance-sector-funding-15-of-uk-gdp-gross-domestic-product.html - Invoice Cycle Rebrands As InvoCap
Invoice Cycle, the selective invoice finance provider, have announced that they are to rebrand their business as InvoCap....
At the same time they have announced the expansion of their product range to include secured business loans....
Another interesting development within the invoice finance sector, that mirrors several other of the selective invoice finance companies that have made similar moves into the loan market....
http://www.fundinvoice.co.uk/blog/news/post/invoice-cycle-rebrands-invocap.html - Invoice Finance Decision In Just 60 Seconds
You could be approved for invoice finance in just 60 seconds from now....
Optimum Finance is leading the invoice finance industry in terms of its recent deployment of technology. It has enabled them to achieve rapid growth, deliver "instant decisions" to new customers, and...
Optimum Finance has launched a new online service that enables customers to receive an invoice finance application decision in just 60 seconds - a groundbreaking innovation to the speed of delivery,...
All you have to do is use the following form to apply via their system (Limited Companies only- see the information the app requires):...
Please note: that by using this service you are applying for invoice finance to Optimum SME Finance Limited, and providing your data to them in order to process your application. Your data is also...
This online application service will not affect your credit rating (credit searches may be required later on in the process, but your consent will be sought in advance). You are therefore at liberty...
In the unlikely event that your application is not successful, you do not need to do anything further. FundInvoice will receive an immediate notification, and we will contact you to arrange...
We have a very high success rate in finding business finance for our clients, so we are highly likely to be able to find you the finance that you are seeking. If you have any concerns, or need...
Article: Optimum Finance Are Planning Further Expansion....
Article: An interview with James Beck the CTO who talks about - Using AI In Invoice Financing....
Article: An interview with Richard Pepler, the CEO about - What Is Happening At Optimum Finance....
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-application-decision-in-60-seconds.html - An Invoice Finance Company In Administration Purchased
According to a report on their website, another small invoice finance company CCC Finance entered Administration on 14th June 2021. The website reports that this was due to "ongoing financial...
This is the latest of a number of small funders that have failed in recent years. If this or any other failure has affected your facility, or you wish to find alternative finance please contact us on...
The company's website states that it was founded in 2014 by Laurence Rutter and Graham Avery. It says that it offered Disclosed Invoice Discounting (DID) services with prepayments against...
Also, the site mentions that the business offered credit control services to its customers and that funding lines could be between £5K and £1M. So, there may have been some larger...
Glyn Mummery and Paul Allen of FRP Advisory are the appointed Administrators and can be contacted via this number: 01277 503 333....
According to the Administrator's report, the failure of the company seems to have followed a connected company, Tokenhouse VB, entering Administration. The report said that Tokenhouse had lent...
According to another report by thebusinessdesk.com dated the 26th of August 2021, WeDo Finance, the Oldham based invoice finance company, has acquired two Colchester based, sister businesses from...
The report explains that WeDo started trading in 2019, founded by Chris Robinson and Mark Lindsay. It has grown to employ 30 staff and it has made this acquisition to increase its presence in the...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-company-ccc-in-administration.html - Invoice Finance Enquiries We Have Seen Recently
The invoice finance enquiries that we have been seeing recently have been typically diverse, factoring through to invoice discounting....
There is a balance between people looking for a full turnover option, where all of their transactions are funded and those looking for selective or single invoice finance....
In particular, we have seen a number of enquiries on the selective side, for body shop factoring on a selective basis. These are car crash repair businesses looking for funding against insurance...
We have also seen a number of enquiries from the recruitment sector, and we have a number of them in our pipeline at present. These include both permanent placement businesses and temporary staff....
The permanent placement businesses tend to deal with single large invoices, against which they would like to release cash immediately after they arise. On the temporary side, we have continued to see...
Recruitment companies supplying both the construction and care home sectors have been received....
Business loan enquiries have continued to come in. Again these range in their nature from start-ups through to more established companies looking for large tranches of money eg 300K....
In general, we have tended to see more companies that are in need of some form of funding, rather than existing invoice finance users seeking reduced rates. There are, of course, some of these price...
We have also seen the normal diverse range of “weird and wonderful“ enquiries which range from trade finance deals to unique arrangements to fund specific debtors that have not been able...
We have found our enquiry numbers, during the first quarter of 2018, to be almost twice what they were in the previous quarter. There is definitely an appetite to borrow amongst some, and there are...
We have been pleased to receive introductions from a number of introductory sources and we offer a scheme under which you can refer business to us for a commission....
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-enquiries.html - Invoice Finance for StartUp Businesses
One of our funding partners has a specialist invoice finance product for start-up businesses. The product has been tailored specifically to match the needs of a new start-up company and provides the...
The facility will suit new and start-up businesses that:...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-for-start-up-businesses.html - Invoice Finance Jobs For Recruitment Agencies Or Job Seekers
Working with a lot of people within the finance sector, we are often told about jobs that finance companies are seeking to recruit for....
We thought it might help to post them on this blog and add them to our monthly newsletter. So as we come across jobs we will share them here on the blog, and via FundingVoice magazine....
You may want to subscribe to our free magazine below if you are:...
You can subscribe free of charge below to FundingVoice, where we will post any invoice finance job vacancies we hear about....
If any of our magazine subscribers have an invoice finance job role that they want to recruit for, send the details to [email protected] and we will include it free of charge....
Please note that neither FundInvoice LLP nor Glenn Blackman take any responsibility for any jobs that are posted or candidates that respond. Posting a job vacancy is not an endorsement of any...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-jobs-recruitment-agencies-job-seekers.html - Invoice Finance Latest Free Newsletter Available Online
Our latest invoice finance newsletter is now available online....
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-latest-free-newsletter-available-online.html - Invoice Finance News From May 2019
These are a few invoice finance related news items that I have picked up on recently....
A release from FCI, suggests that the global market for factoring and receivables financing in 2018, hit the 2,767 billion Euro mark. This followed 6% growth since the previous year....
Of that huge volume, Europe alone accounted for 66% of the total volume transacted, remaining the largest market for receivables financing. It is encouraging to see continued growth in the volumes...
Marketinvoice have been named as the 2019 winners of the "Most Innovating Invoice Financing Solutions" award, as part of the Acquisition International Magazine, Business Excellence Awards....
The win has followed their latest round of debt and equity funding, and establishing a fintech partnership with Barclays Bank. The partnership allows them to deliver their business funding services...
There have been a series of "road show" style collaborations between Marketinvoice and various parts of the Barclays Bank network mentioned on LinkedIn in recent months. It will be interesting to...
Ultimate Finance, under the new leadership of CEO Josh Levy, have announced (Business Money 14/05/19) plans to create a single, unified sales force, to promote their asset finance, trade finance,...
Back in March, we reported on the launch of FlexiCredit, a new credit line funding product, from Ultimate Finance, aimed at small businesses. Typically smaller businesses have not been well served by...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-news-may-2019.html - Invoice Finance Optimisation And Future Predictions
Recently, I was contacted by a LinkedIn connection that was seeking a speaker for an upcoming online event. As it happened, my participation had to be marked forward but as I had already prepared the...
Below you will find details of my presentation and what I planned to say, let me know if you agree or have anything to add or change....
My short piece was to be about invoice finance optimisation. This is how the market has adapted to the drivers affecting it. I also wanted to take a look at future predictions regarding how these...
For those who don't already know, invoice financing is the provision of prepayments against credit invoices to aid business cash flow. In addition to that funding, there are a variety of add-on...
I designed my presentation around a single slide. This addressed the drivers behind how this product set has developed and the trends that we are seeing at present....
I split the drivers into those that are client-side and those that are originating from the providers. Clients seem to be seeking maximum funding, prepayments have risen in recent years to meet this...
From the invoice finance companies, drivers include how to stand out from their competitors and trying to reduce their cost to serve....
These drivers have sparked several changes in the marketplace. There have been a number of new entrants in recent years, increasing the number of UK invoice funders to over 100+. In turn, there has...
Many of the funders have leveraged technology to better meet customer needs and also to drive down their cost to serve. In the past, invoices were submitted in paper form (a schedule of debt). This...
I suspect there will be an increasing pursuit of integration with core systems such as accounting packages and eCommerce systems. These give funders the chance to participate in the financing of...
There are already many alliances between funders and other service providers, I would expect this to continue to develop. For example, accountants are integrated into the core practices of...
Competitive pressure from the increasing number of providers is likely to see continued increases in the flexibility of contracts. Shorter contract periods have become the norm and the complexity of...
Packaging of products to serve niches is also likely to continue and develop. Putting together service packages for sectors or groups of businesses that can be defined in other ways is likely to...
Please let me know if you agree, or if you think that there are other points to add about the future of invoice financing....
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-optimisation-future-predictions.html - Invoice Finance Product Launched For Very Small Businesses
There seems to be mounting interest in smaller businesses at last amongst the invoice financiers. Over the last couple of years there has been little on offer to small businesses but suddenly there...
One such product has just been launched by a major bank that is one of our funding partners. The invoice finance product is specifically for businesses with annual turnover between £50,000 and...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-product-launched-for-very-small-businesses.html - UK Invoice Finance Accessibility Index
We have produced a UK Invoice Finance Accessibility Index to track the liberality of the UK invoice financing market and highlight & track changes over time....
The index is to help prospective customers and existing users gauge the current appetite amongst invoice finance companies to offer new or alternative facilities. ...
The current Invoice Finance Accessibility Index is estimated to be:...
This suggests a sector that is quite liberal, with a high-risk appetite and a strong willingness to negotiate on rates and terms. This value is justified by high approval rates, competitive average...
COMPARE FINANCE QUOTES NOW...
To estimate the current liberality index of the UK invoice financing sector, we use recent trends, market analysis, and estimated data points based on industry knowledge. Here’s a detailed...
1) Approval Rates:...
Recent industry reports suggest that approval rates have increased as invoice financing becomes a more popular alternative to traditional loans. However, the appetite for marginal deals has...
2) Average Financing Rates:...
Market competition has led to slightly reduced rates, making financing more attractive to businesses.Estimated Score: 7.25 (reflecting competitive rates for the right deal with competitive deals...
3) Risk Premiums:...
While premiums exist, they have been stable, indicating moderate risk assessment.Estimated Score: 6.0 (showing moderate risk premiums)....
4) Flexibility in Terms:...
Some providers have sought additional security to support marginal propositions despite a generally high appetite to do business.Estimated Score: 7.5 (indicating high flexibility)....
5) Market Sentiment:...
Businesses generally view invoice financing positively, appreciating the quick access to funds.Estimated Score: 7.5 (reflecting positive market sentiment)....
The sum of weighted scores = 6.84...
The current liberality index for the UK invoice financing sector suggests a sector that is quite liberal, with a high-risk appetite and a strong willingness to negotiate on rates and terms. High...
JUSTIFICATION...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-uk-accessibility-index.html - Invoice Finance Without Face-to-Face Meetings
Invoice finance can be arranged, and managed without the need for face-to-face meetings....
This will be a relief for many that are worried about the virus outbreak....
SEEK FUNDING NOW...
The coronavirus outbreak has highlighted the need for invoice finance companies to be able to set up new facilities, and manager existing facilities for their clients, without the need for...
Whilst funders almost universally prefer to conduct new customer meetings face-to-face, the majority of the finance companies on our panel have confirmed that they are able to continue to take on and...
Much of the change is being enabled by new technologies that allow the funders to receive information such as your sales ledger, via electronic means....
Some providers already have technology in place that allows your sales ledger to be uploaded to their systems. Many of them have adapted to this situation by implementing a remote videoconferencing...
We have several funders that have used app-based technology within their architecture is. In one case the funder has an app that enables a decision to be made for new customers, within 60 seconds....
Once you have become a client, all of our providers operate web-based interface is for their clients. These allow their customers to securely access the key information about their accounts, and to...
Once again, many of our funders systems encompass technology that allows them to continue to transfer your sales ledger information to their systems once you are an ongoing customer....
If you are looking for funding support please get in contact, you can call us on 03330 113622, and we also offer a completely remote, telephone-based support service, to find the business funding...
http://www.fundinvoice.co.uk/blog/news/post/invoice-finance-without-face-to-face-meetings.html - Is Telephone Debt Verification A Problem
With the UK on lockdown, is telephone debt verification (TDV) a problem for invoice finance companies?...
Well on the first working day of April 2020 we had our first deal of the month paid away by one of our funding partners, after they had completed TDV on the debtor book....
Of course this is not guarantee that all debts will be able to be verified, but it shows what can be achieved with a little perseverance. ...
When an invoice finance company takes on a new client, they are providing finance against the security of the company's unpaid sales invoices....
Therefore, is one of the most important parts of their security process is verifying that the invoices, on their client's sales ledger, are valid, outstanding and payable....
A simple way of doing this is to telephone the debtor, speak to someone that handles their purchase ledger, and confirm with them that they have received the invoice, it is valid, and will be paid in...
The process may also be invoked for existing clients, as part of the ongoing security monitoring of the client's sales ledger. This may be randomly conducted, or conducted as part of regular...
With the outbreak of coronavirus, many staff are now working from home, and some businesses have closed down completely. This will be placing significant issues in the way of completing TDV. The...
Some funding partners have put in place alternative debt verification strategies. In some cases they are prepared to use email exchanges in order to achieve the verification that they need....
We have heard rumours that some funders are not in seeking to take on new customers during this difficult period. This would seem to be a very disappointing approach, particularly when UK companies...
http://www.fundinvoice.co.uk/blog/news/post/is-telephone-debt-verification-a-problem.html - Jack The Lad Gave His Time To Support The Rockinghorse Children's Charity
I was fortunate enough to be invited to the Rockinghorse Children's Charity, Festive Fundraiser Gig on 3rd December 2019, at the Amex Stadium, Brighton, as a guest of Close Brothers Invoice...
"Jack The Lad", the popular radio DJ, real name Jack Hayes who has just joined More Radio, was there giving his time, free of charge, to compare the charity evening. What a generous gesture....
When I mentioned that he was my wife's favourite breakfast radio DJ he was kind enough to produce the following short video clip for her - what a decent guy! We will be retuning to Radio More in...
It was a really good night, despite a few absences on our table due to illness. There was a raffle, an auction and a prize draw to raise money for the Rockinghorse Children's Charity. The...
You can donate to the children's charity here: Rockinghorse Children's Charity - your support would be very much appreciated. On the night we heard a first hand account of how the charity...
Jack joined More Radio last month after being part of the Heart Radio breakfast show since 2003. He was part of the popular breakfast show "Tom, Nicola and Jack", with fellow presenters, Tom Evans...
He will be joining the existing breakfast team on More Radio, Nick Osborne and Lou Nash. Good luck Jack....
http://www.fundinvoice.co.uk/blog/news/post/jack-the-lad-hayes-more-radio-rockinghorse.html - January 2019 FundingVoice Magazine Is Online
The January 2019 edition of FundingVoice magazine is now available online....
READ THIS AND OTHER BACK ISSUES...
The first edition of 2019 has several articles more than normal - we always have so many different stories its hard to select just a handful....
This time its a mixture of rumours and news from some well known invoice finance companies and some specific help for manufacturers and construction sector companies....
This edition includes articles about the following:...
The best way to ensure you get future editions is to subscribe to our monthly magazine: Subscribe To FundingVoice - it costs you nothing....
http://www.fundinvoice.co.uk/blog/news/post/january-2019-fundingvoice-online.html - June 2010 Budget Implications
Following the chancellor's June 2010 Budget announcement yesterday, attention now turns to the implications on the UK economy....
Some of the key aspects, that will impact the economy, from the June 2010 budget, were the rise in VAT from January 2011 from 17.5% to 20% and the cut in government departmental budgets by 25%....
The dramatic reduction in government departmental spending will have an effect on the sales volume of those within the private sector that supply the government. We have arranged funding of up to...
The increase in VAT is going to have a general impact across to board but is particularly likely to particularly affect large value purchases, such as vehicles, as people put off those larger...
The key impacts of this budget on business is likely to be lower sales volumes generally and increased cash flow pressures as businesses slow down payments to cover their outgoings from a reduced...
But what else could any responsible chancellor have done with the spiralling budget deficit?...
http://www.fundinvoice.co.uk/blog/news/post/june-2010-budget-implications.html - Just Joined Google+
I have just joined Google+...
For details follow the link: Google+...
http://www.fundinvoice.co.uk/blog/news/post/just-joined-google.html - This Is The Last Chance To Help Us
Glenn and Sean from FundInvoice LLP need your help....
The window of opportunity to provide a testimonial about FundInvoice is about to close tomorrow. We need your testimonial to help us win Broker of the Year in the Business Moneyfacts awards. The...
(TESTIMONIAL SUBMISSION IS NOW CLOSED)...
We would very much appreciate your help, and we are very grateful to those who have already provided a testimonial....
You don't need to be a customer, if you are a funding partner or a reader of our blog or magazine, you can still provide a testimonial. It is very much a case of quality over quantity as well,...
We are particularly grateful to those who provided us with a copy of their testimonial that we can use on our website. If you could email any that we can use to [email protected] as well as...
You can read about how we made the shortlist of Finalists for this award here: FundInvoice Finalists 5 Years Running....
If you need some inspiration about the kinds of things that we have achieved (as at the time of writing), here is a summary of a few of our achievements at FundInvoice:...
http://www.fundinvoice.co.uk/blog/news/post/last-chance-to-help-us.html - Latest Free Invoice Finance Newsletter
This is a link to our latest free invoice finance newsletter including an offer on cost of funds for the first 3 months of any facility....
http://www.fundinvoice.co.uk/blog/news/post/latest-free-invoice-finance-newsletter.html - London Loves Business Covers ABN AMRO Alternative Finance Roundtable
London Loves Business have covered the roundtable debate that I attended which discussed alternative funding options for SME businesses. The roundtable discussion included discussion about invoice...
http://www.fundinvoice.co.uk/blog/news/post/london-loves-business-covers-abn-amro-alternative-finance-roundtable.html - Long Tail Bad Debt Warning And How To Protect Your Business
In the wake of the pandemic, many of us are expecting there to be an uptick in the number of bad debts suffered by UK SMEs. Debtors cash flow has been under pressure for several months, and now is...
Of course there are options to ease the pressure, such as government backed loans, grants and tax deferments that will help some businesses that qualify. However, questions remain over how adequate...
I have just read a very insightful article, that outlines the problem well: Beware The Long Tail Of Business Failure....
The article points out that following a first wave of failures caused by the pandemic, there will the knock-on impact on the supply chains that those businesses sit within. This has the potential to...
There are a number of ways how to protect against bad debts, so that your company can continue trading through this crisis:...
http://www.fundinvoice.co.uk/blog/news/post/long-tail-bad-debt-warning-how-to-protect.html - MarketInvoice Exceeds GBP200M Invoices Funded Via Auction Platform
Congratulations to MarketInvoice, the invoice auction platform who report that they have now funded over £200M of sales invoices on their invoice auction site. Funding invoices via an auction...
http://www.fundinvoice.co.uk/blog/news/post/marketinvoice-exceeds-200m-invoices-funded.html - MarketInvoice Funds £20m Of Invoices Via Online Auction
MarketInvoice, the online invoice finance marketplace, has announced that it has auctioned over £20m of invoices since it started trading in February 2011, with over 100 businesses signed up to...
This type of funding can be attractive to customers that want to access funding against a particular block of invoices and want to choose which invoices to submit for funding. This method can also...
If you would like to discuss using an online invoice finance auction system, such as that offered by MarketInvoice, please contact us and we can put you in touch (at no extra cost to you)....
Source: marketwatch.com/story/marketinvoice-advances-20-million-worth-of-invoices-to-small-businesses-through-its-online-platform-2012-07-03...
http://www.fundinvoice.co.uk/blog/news/post/marketinvoice-funds-online-auction.html - MarketInvoice Partners With Euler Hermes Credit Insurance
MarketInvoice have partnered with Euler Hermes, the global trade credit insurance company, to deliver credit insurance policies to their customers....
MarketInvoice were established in 2011 and according to the latest update on their website, they have funded almost £1.9 billion of invoices in the UK. They offer both a selective invoice...
The addition of credit insurance, from Euler Hermes, for their invoice financing customers, means that their customers can have protection should their debtors become insolvent or fail to pay....
Bad debt protection, or BDP, is a common add-on within the receivables financing sector, and I posted only recently about how the cost of bad debt protection varies widely between discounters. Often...
Credit insurance delivers a similar type of protection to the customers, via an individual credit insurance policy, held by the customer in respect of their debtors. Like BDP, it can protect in the...
This move comes at a time when the failure of the construction giant Carillion has placed an increased focus on protection against bad debts. Many UK companies have been facing potential bad debts in...
In several cases, we have heard from invoice finance companies that their customers were insulated from the failure of Carillion, due to having such BDP mandated as standard. Other contractor have...
If you would like to be contacted by MarketInvoice about business finance, you can request a call back via our MarketInvoice Contact Form....
http://www.fundinvoice.co.uk/blog/news/post/marketinvoice-partners-with-euler-hermes-credit-insurance.html - Marketinvoice Rebrands As MarketFinance
Marketinvoice, the fintech invoice finance and business loan provider, has rebranded as MarketFinance (MF). Their recently updated logo has been adapted to reflect the new name....
MARKETINVOICE LIMITED, company number 7330525, has changed its name and rebranded to MARKETFINANCE LIMITED....
Since its inception in 2011, as a selective invoice finance provider, the firm has expanded its product range to include:...
Therefore, they feel that this new name better reflects the range of finance products that they are able to offer. Invoice finance can release up to £1M, loans up to £250K (rising to...
Although Marketinvoice originally started out offering an auction-based selective invoice finance model, their FAQ suggests that the majority of selective invoice finance transactions, and all whole...
I note that their marketinvoice.com site now redirects to marketfinance.com. Whilst there are methods of redirecting traffic to a new domain name, it can have an impact on your search rankings when...
It wasn't long ago, November 2017 (I think), when MF refreshed their branding - but at that stage retained the original name. When they did that I remember thinking I could understand the...
Since publication of this article MarketFinance has again rebranded to Kriya....
http://www.fundinvoice.co.uk/blog/news/post/marketinvoice-rebrands-as-marketfinance.html - MarketInvoice Receivables Auction Site Joins Our Panel
MarketInvoice, the award winning receivables auction site, has joined our panel of invoice finance companies. Their invoice auction site allows clients to raise funding against unpaid sales invoices...
http://www.fundinvoice.co.uk/blog/news/post/marketinvoice-receivables-auction-site-joins-our-panel.html - Merry Christmas 2017 From FundInvoice
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2017-from-fundinvoice.html - Merry Christmas 2018 From The Team At FundInvoice
The team of business finance and invoice finance brokers at FundInvoice would like to wish you a very Merry Christmas 2018!...
We hope you enjoy the festivities over the next few days, our phones are always on, so we are always on call, even over the holiday period. When it's your own business, you never want to miss...
Merry Christmas 2018...
from...
Glenn and Sean03330 113622...
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2018-from-fundinvoice.html - Merry Christmas 2019 From FundInvoice!
Merry Christmas 2019 from the team at FundInvoice!...
2019 has been a great year for us, despite the ongoing uncertainty from Brexit, with a number of notable achievements at FundInvoice, including:...
We have continued to publish our monthly magazine, FundingVoice and we have had a number of nice testimonials, including: "I simply won't use any other broker" and we have launched a large...
There have been a number of exits from the UK invoice finance sector, notably Sancus and Scottish Pacific Business Finance - and the unfortunate Administration of Working Capital Partners. Despite...
There have been several new innovations such as Santander integrating with Asto bookkeeping app, and NatWest with Xero accounting software to expand the offer of invoice finance to a wider audience....
Marketinvoice have rebranded as MarketFinance, to better reflect the full range of funding products that they offer. Others, such as Inksmoor Finance, have also expanded to offer business loans....
As we move into 2020, there appears to be an increase in the number of customers seeking business finance and an element of certainty returning to the UK following the result of the recent general...
It only remains to thank all our readers, customers and supporters - and wish you all a very Merry Christmas 2019 and a Happy and Prosperous 2020!...
Seasons greetings from,...
Glenn & Sean...
FundInvoice LLP03330 113622...
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2019-from-fundinvoice.html - Merry Christmas 2020 From The Team At FundInvoice
Merry Christmas 2020 from the team at FundInvoice!...
After such a difficult and exceptional year, our team would like to wish you all a Merry Christmas! (At least as good as it can be in the circumstances)....
2020 has been a very strange year. We have all been in and out of lockdown, impacting businesses around the country. We have been able to help some of both those that have had cash flow problems. We...
A number of our clients have seen their turnover curtailed this year, we very much hope that 2021 will bring some light at the end of what has been a very dark tunnel for many. With the Covid-19...
The concerns over Brexit have almost been eclipsed by the pandemic. Brexit was a key concern at the end of last year, but the pandemic has managed to dwarf its effects. We are still hopeful of a...
We hope you all have some respite over the Christmas break, and are able to finally catch up with relatives under the relaxed guidelines....
Have a Merry Christmas 2020!...
Best wishes from,...
Glenn & Sean....
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2020-from-fundinvoice.html - Merry Christmas 2021 From The Team At FundInvoice
Merry Christmas 2021 from the team at FundInvoice business financing brokers. Wow! What a year 2021 has been, we have been able to help a lot more businesses through the recovery post-pandemic. It...
After such a difficult year in 2020, we have enjoyed seeing the UK open up again, and we have been able to help record numbers of clients find the funding they need to support their growth. At...
In addition to continuing to support those recovering from the effects of Covid-related restrictions (including via the Recovery Loan Scheme), we have also been able to assist numerous companies...
We have added new finance providers to our panel, including the provision of invoice finance without personal guarantees. This solves an important concern for many company directors. Additionally, we...
As always, we have continued to share research relating to our sector. Also, we have published a new Cash Flow Guide that pulls together everything that companies need to get to grips with their...
We would like to wish all our readers, prospects, clients and contacts a very Happy Christmas 2021. Thank you to everyone that has supported us this year, we hope you all have a Merry Christmas!...
Seasons Greetings from,...
Glenn & Sean...
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2021-from-fundinvoice.html - Merry Christmas 2022 From The Team At FundInvoice
Merry Christmas 2022 from the team at FundInvoice business financing brokers. It's been another great year when we have been able to help a lot of SMEs find the funding that they needed. We have...
It's been a very active year for us once again. In addition to writing for the blog, and producing new video content and social media - we have continued to have a dialogue with some of the...
We were also delighted to be invited back by BCR to moderate another panel at the Alternative & Receivables Financing Conference. This year's panel was around the application of digital,...
FundInvoice has had a number of successes. We were 2021 winners of Best Invoice Finance Brokerage at the European Enterprise Awards and finalists at the BMF Awards 2022 for Invoice Finance Broker of...
In addition to all the receivables financing offerings that we can help our clients secure, we have added new products this year. These have included a stock financing facility for unfinished goods...
In addition to our efforts at the A & RF Conference, we have written a number of useful guides this year. One on How To Protect Your Business Against Recession, a Pre-Pack Financing Guide and a...
We would like to wish all our readers, prospects, clients and contacts a very Happy Christmas 2022. Thank you to everyone that has supported us this year, we hope you all have a Merry Christmas!...
Seasons Greetings from,...
Glenn & Sean...
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2022-from-fundinvoice.html - Merry Christmas 2024 And We Wish You A Happy And Prosperous New Year 2025
As the end of 2024 is fast approaching we would like to take this opportunity to wish all our clients, financiers and readers a Merry Christmas 2024!...
We also wish you all a Happy and Prosperous New Year 2025!...
If you need to arrange funding before the seasonal break there is still time if you hurry ......
GET A QUOTE NOW...
These are some of the highlights of 2024 for FundInvoice LLP....
Winning Another Award: We were delighted to win another award for “Invoice Finance Quote Specialists of the Year – UK” at the European Enterprise Awards 2023 and we made the finals...
Providing Supportive Information: This year we produced a new tool to compare invoice financing quotes and we have launched our UK Invoice Finance Accessibility Index. We have published extensive new...
Specialist Products: We have been able to promote several specialist products including stock finance and trade finance to assist companies needing a financial boost and those financing imports from...
Glenn was pleased to be invited to moderate another panel discussion, this time on Receivables Financing Securitisation, at the Alternative & Receivables Financing Forum 2024. We also completed...
As we look forward to 2025, we remain committed to our mission of providing our clients with the best financial solutions....
We thank you for your continued trust and support and send you Season's Greetings and our Best Wishes for a Happy & Prosperous New Year 2025,...
Glenn & Sean...
Glenn Blackman & Sean MorrowPartners at FundInvoice LLP...
http://www.fundinvoice.co.uk/blog/news/post/merry-christmas-2024-from-fundinvoice.html - Please See This Message For New Contacts
Please read this message if I, or someone from FundInvoice, sent you the link to this page....
If you need help finding business finance, and you are a company based in the UK, please get in touch with my business partner, Sean Morrow (who handles finding the funding for all our clients - I...
He is on: 03330 113622 or you can contact him via this quote request form....
If you are a provider of finance to businesses, and you are interested in joining our panel of funders, again Sean will be able to set you up and add you to our panel. You can contact him via the...
If you want to become an introducer of finance prospects to FundInvoice, on a commission basis, please see the introducer page on our site, or call Sean on the number above and he will be pleased to...
If you are seeking to provide services to either FundInvoice or myself, please read on....
The reason for posting this online is to efficiently provide this information to people that contact me. In the course of promoting our business, I connect with lots of people on various social media...
I tend to receive a lot of new connection requests from people offering various services and products....
Please be advised that we do not purchase any services in this way....
Please note the following:...
When we need services, products or staff, I tend to approach parties based on recommendations from people I already know, or independent customer reviews that I seek out. So we don't take up...
Hopefully you will understand that I am only writing this to try and save us both some time....
If your enquiry is not covered by the above please feel free to get back in touch....
http://www.fundinvoice.co.uk/blog/news/post/message-for-new-contacts.html - Metro Bank New Tunbridge Wells Branch
Metro Bank, parent of Metro SME Finance, has opened a new banking branch in Tunbridge Wells, bringing their total number of branches up to 35....
Great launch event, held over the last couple of days, including performing dogs, stilt walkers and their own character dressed up. In addition they were handing out free Metro Bank branded bags to...
This will introduce further flexibility for their invoice finance clients, that can now use this branch. Apparently they have plans to open a total of 200 branches over the next year....
http://www.fundinvoice.co.uk/blog/news/post/metro-bank-new-tunbridge-wells-branch.html - Metro Bank Opens Third New Branch This Year
Metro Bank, who recently purchased SME Invoice Finance (now Metro SME Finance), have just opened another new banking branch according to Best Advice, the third this year. Its good news that any bank...
http://www.fundinvoice.co.uk/blog/news/post/metro-bank-opens-third-new-branch-this-year.html - Michael Jackson - the Answer to All Our Economic Problems!
I have just read about the huge demand for tickets to the concerts of the century, Michael Jackson's "This Is It" shows at the O2 arena. Reports over the last week have suggested 750,000 people...
It seems incredible that in these harsh economic times so many people are apparently prepared, and able, to pay so much for tickets to a pop concert. Perhaps the answer to all our economic problems...
http://www.fundinvoice.co.uk/blog/news/post/michael-jackson-the-answer-to-all-our-economic-problems.html - More Uncertainty For UK Businesses Due to Hung Parliament & Greek Economic Issues
The uncertainty for UK businesses has multiplied yet again with the news of a hung parliament in the 2010 UK general election. With no one party being able to command a majority in the house of...
That uncertainty comes at the same time as the issues with the Greek economy threaten to spread to other European economies, adding fuel to the fire of economic uncertainty that seems to have dogged...
UK businesses are going to have to brace themselves for a further period of instability and prepare themselves to weather the economic storms that seem to be getting ever closer. Those that followed...
http://www.fundinvoice.co.uk/blog/news/post/more-uncertainty-for-uk-businesses.html - Muse Finance Adds Longer Term Cash Flow Projections To Free App
Projecting forward cash flow requirements is an important part of running any business. Making sure that you can meet your bills as they fall due is critical to business success. Ensuring you have...
CONTACT MUSE FINANCE...
The Muse Finance app is available to download from the App Store and Google Play Store. The latest release brings both 60 and 90-day cash flow projection insights to the app, in addition to the...
Ann Juliano, CEO and Founder of Muse Finance said...
"This is such an exciting moment for Muse - we’re experiencing traction, expansion and growth. With tripled revenue streams month over month two months in a row, the latest App release offering...
The App was initially launched in 2019 and re-released after adding these additional benefits. The expanded 60 and 90-day cash flow tool allows clients of Muse to access sustainable finance direct...
Further functionality within the App includes integration with both accounting packages and the client's bank. Integration is now possible with 29 different banks, and users can synchronise the...
For more information about improving the liquidity of your business, please see our: Cash Flow Guide....
http://www.fundinvoice.co.uk/blog/news/post/muse-finance-app-cash-flow-projections.html - NatWest Bank Problems
NatWest bank are apparently experiencing problems that are affecting large numbers of their customers....
We have heard reports of customers experiencing delays with payments and there is likely to be a knock-on effect on the cash flow of businesses within the UK as NatWest is such a significant bank...
If your business is experiencing cash flow problems due to this issue or if you anticipate cash flow problems for your business arising from the situation, we can help as we still have access to...
http://www.fundinvoice.co.uk/blog/news/post/natwest-bank-problems.html - Natwest Rapid Cash Integrated With Xero Accounting Software
Natwest has announced that Natwest Rapid Cash has been published on the Xero App Marketplace (posted on LinkedIn)....
Xero is a subscription model cloud-based accounting software. Xero was founded in 2006, based in New Zealand, and as at Feb 2019 had 1.8M subscribers worldwide (according to Accountancy Age). As of...
There have already been several invoice finance companies that have produced software that integrated directly with your accountancy software e.g. Close Brothers Invoice Finance with their IDeal...
The Natwest approach is slightly different in that they are potentially seeking to connect with a wider audience as their invoice financing appears as an option to users of the Xero accounting...
Rapid Cash is available to Limited Companies and LLPs with a turnover in excess of £100K pa, and at least 6 months trading history. This will rule out smaller businesses, however, there are...
It apparently integrates seamlessly with Xero so that customers can borrow against unpaid sales invoices. Prepayments are apparently up to 85% of the unpaid invoice values, with the initial facility...
Customers pay cash into a specified Rapid Cash account (a trust account). Although property as security is apparently not required, a debenture is required, which is similar to many similar services....
The article suggests that pricing is between 4.5% and 8.8% over base rate (base rate is currently 0.75% at the time of writing) - so between 5.5% and 9.55% in total (at the time of writing), with...
Whilst the lower end of the pricing scale is very fine, the key will be whether your company is able to access those lower rates. Many invoice finance providers are likely to be able to offer similar...
http://www.fundinvoice.co.uk/blog/news/post/natwest-rapid-cash-xero.html - New 5 Star Ratings For FundInvoice
New 5 star customer service ratings have been added to the FundInvoice ratings page. Anyone that deals with FundInvoice is welcome to contribute a rating out of 5 stars and a review comment. On...
One of the customers also made the following review comment: "Rating of 5, top class service from you"....
http://www.fundinvoice.co.uk/blog/news/post/new-5-star-ratings-for-fundinvoice.html - New Article Is Cashflow Forecasting For Me By Simply Cashflow
Another new article for FundingVoice magazine, kindly contributed by Simply Cashflow - titled "Is Cashflow Forecasting For Me?"...
The article states the case for the production of a cash flow forecast but also gives insights into the regularity with which you should prepare a forecast, the items that are often not taken into...
My thanks to Simply Cashflow for their ongoing support. They also produce a neat cloud-based cash flow forecasting tool that it is well worth using if you run a business....
http://www.fundinvoice.co.uk/blog/news/post/new-article-is-cashflow-forecasting-for-me-by-simply-cashflow.html - New Cash Flow Finance Product Launched - Will Beat Your Existing Quote By 10%
One of our funding partners has just launched a new cash flow funding product, an alternative to overdraft, that is simple, has a single fee, a 6 month trial period and the options of confidentiality...
The product provides a business with 85% of their invoice value as soon as they raise the invoice - the remaining 15% (less their fee of between 0.95% and 2.95% dependent upon your turnover) is...
The service costs between 0.95% and 2.95% of your invoice value and they offer to beat your existing quote by 10%! There is a small additional charge if you want the facility to be confidential from...
You also get a 6 month trial period when you can leave the service without penalty charges....
For the full details, terms and conditions please contact us and the team will put you in touch....
http://www.fundinvoice.co.uk/blog/news/post/new-cash-flow-finance-product-launched-will-beat-your-existing-quote-by-10.html - New Confidential Construction Finance Product Launched
Another of our finance partners has entered the construction finance arena and launched a new construction finance product....
The product - Confidential Construction Finance - can provide up to 60% funding against a transaction, with the funding available against uncertified applications for payment if required. Our funding...
For full details and terms and conditions please contact us and we will put you in contact with this and if you wish other providers of confidential construction finance....
http://www.fundinvoice.co.uk/blog/news/post/new-confidentialconstruction-finance-product-launched.html - New Product - Funding Against Credit & Debit Card Sales For Retailers
One of our funding partners has just launched a new retail sales funding product. The product enables retailers to receive funding against debit card and credit card payments from sales to their...
For more details please contact us....
http://www.fundinvoice.co.uk/blog/news/post/new-product-funding-against-credit-debit-card-sales-for-retailers.html - New Videos And Guerilla Guide To Working Capital
See our Guide To Working Capital....
http://www.fundinvoice.co.uk/blog/news/post/new-videos-guerilla-guide-to-working-capital-sme-invoice-finance.html - Newsletter Format Updated
The brief is written for this months newsletter but we have made a few changes....
We felt the format was a little too sales focused so we have changed the format to bring readers more information, tips and advice about cash flow issues....
http://www.fundinvoice.co.uk/blog/news/post/newsletter-format-updated.html - No Hesitation Recommending FundInvoice For Invoice & Asset Finance
If you are looking for invoice or asset finance, according to one of our client's recent testimonials, they would have no hesitation recommending that you speak to our team at FundInvoice....
We recently had the following testimonial from a client that we helped find funding for their business. This is what the Managing Director of this company, importers of wood to the UK, said about us...
"I would have no hesitation recommending FundInvoice to any business owner considering their Invoice & Asset Finance needs....
Sean Morrow took time and interest to fully understand our business needs and to help us make the correct decisions for our business."...
Testimonials are a great way of checking that you are dealing with a party that you can trust, we publish ours (without alteration) on our testimonials and reviews page....
Not everyone chooses to leave reviews - we ask that they do - but it is ultimately their choice....
We don't publish client's names, in order to protect their right to confidentiality, however you will see that every review has a database reference number. This number allows us to...
You will see that overall, we have achieved 4.9 out of 5 stars, awarded by our customers. This has just ticked up with the addition of the latest review, which is great news for us. We are also very...
http://www.fundinvoice.co.uk/blog/news/post/no-hesitation-recommending-fundinvoice-invoice-asset-finance.html - HCIF To Rebrand As NOVUNA Business Cash Flow
NOVUNA Business Cash Flow is to be the rebranded name for Hitachi Capital Invoice Finance (HCIF). We have received notification that the change will take place from early 2022. However, the new brand...
From 1st April 2021, Hitachi Capital (UK) PLC became a wholly-owned subsidiary of Mitsubishi HC Capital Inc. The rebranding of HCIF to NOVUNA Business Cash Flow follows the merger between HCIF's...
The new name "NOVUNA" is derived from two Latin words. "Novo" means "To Make New" and "Una" which means "Together". The group feel that this reflects the essence of their business and their...
Furthermore, the organisation is accelerating its investment in its new digital platforms. This will enhance their products to meet client demands and ensure that they continue to provide outstanding...
We have worked with HCIF for many years, and they have consistently provided a first-class service to our clients. They were also the 2021 winners of an award from Business Moneyfacts for the "Best...
If you would like to receive an invoice finance quotation from HCIF who will shortly become known as NOVUNA Business Cash Flow, please use the direct application form via our site. If you require...
http://www.fundinvoice.co.uk/blog/news/post/novuna-business-cash-flow-hitachi.html - Nucleus And Skipton Product Information Added
We constantly update information about the various invoice finance companies on this site, and are we have just added two new product services pages for two providers....
Both of these companies are members of our panel of funding providers, and from the product information pages you can access links to make contact with them....
Over the last few days, I have also been reminded, how the approach and service levels provided by different invoice finance company can vary significantly....
This thought was sparked by a comment from a client of one particular invoice finance company that say their finance company have apparently "move the goalposts" to the point that the prime mover of...
It is a shame that any company has a bad experience of these products, as our research has shown that 98% of users are willing to recommend their invoice finance company....
However, there are of course isolated cases where users fall out with their funder. The loss to the industry is that this kind of situation causes a company to shy away from using invoice finance...
The reality is that different providers will act very differently, even in the same situation. We have spent a lot of time helping businesses find funders that can take an "alternative approach" to...
http://www.fundinvoice.co.uk/blog/news/post/nucleus-skipton-information-added.html - Only 0.03% Of ABFA Clients Escalated To Ombudsman Process In A Year
According to the ABFA (Asset Based Finance Association ) website, the Ombudsman complaints escalation process handled only 13 complaints during its first year. The Ombudsman process was established...
13 complaints represents just 0.03% of the clients under the umbrella of the ABFA needing to resort to that process over the course of a year....
A fantastic endorsement of the invoice finance industry and the service provided by ABFA members....
Source: https://www.abfa.org.uk/news/61/Professional-Standards-body-for-asset-based-finance-reports-on-first-year-of-Standards-Framework...
http://www.fundinvoice.co.uk/blog/news/post/only-few-abfa-clients-escalated-to-ombudsman.html - Optimum Finance Launch 60 Second Invoice Finance Approval
Optimum Finance have just released a new web based app for their introducers that requires only 8 clicks in order to get a decision on an invoice finance application within 60 seconds....
After approval in less than 60 seconds, the Optimum Finance application apparently emails an offer letter to introducer, within 15 minutes, making the invoice finance approval process very fast for...
The app will allow invoice finance facility is to be paid out within 48 hours of initial application....
This groundbreaking FinTech technology has been some two years in development and is likely to lead the industry. If you will be like to be amongst the first to benefit from this rapid turnaround,...
Update: the app is now in use and embedded in our site. Use the app here: https://www.fundinvoice.co.uk/blog/news/post/invoice-finance-application-decision-in-60-seconds.html...
http://www.fundinvoice.co.uk/blog/news/post/optimum-finance-60-second-approval.html - My Catch Up With Ant Persse The CEO At Optimum Finance
Recently, I had the pleasure of a catch-up session with Ant Persse, the CEO of Optimum Finance. Optimum, a leading firm of independent invoice financiers have led the way in some aspects of their...
Previously, Optimum launched an app for prospective customers that delivers a quote in just 60 seconds. FundInvoice were the first brokerage to have this embedded into their website....
Optimum have increased their maximum facility limit to £2M, meaning that they can handle multi-million-pound turnover businesses now. Some heavyweight names have been added to their ranks....
Gordon McIntosh an ex-Microsoft Global Director has joined as CTO (Chief Technology Officer). Under his stewardship, Optimum have expanded their technology team and made some dramatic advances within...
Their business processes are under continued enhancement with the aim of removing unnecessary manual intervention for both the team and its valued clients, the aim is to drive automation as much as...
Optimum is all about removing the hassle of arranging finance. Another new development is their simple offering for smaller businesses. This new innovative product allows a funding line to be set up...
Some UK businesses have emerged from the pandemic carrying more HMRC arrears than they can afford to pay, Optimum Finance has responded by arranging a specialist mediator to help set up a time to pay...
Optimum are set to launch new market-leading solutions, these are currently in test, but Ant and the team are extremely excited about them. He assures me we will know more in the coming months....
Overall, Optimum Finance has continued to innovate within the UK invoice finance sector. There is a lot more that we can expect from Optimum this year, so please watch this space for future updates....
http://www.fundinvoice.co.uk/blog/news/post/optimum-finance-catch-up-with-ceo-ant-persse.html - FundingVoice July 2018 Has Been Sent
The July 2018 edition of FundingVoice magazine has just been sent out via email to all our subscribers. We have over 6,000 subscribers at present - mainly SMEs and finance specialists....
Our magazine highlights all the latest news from the business funding sector and the world of invoice finance. If you missed it, you can read back issues here: FundingVoice Back Issues....
You can also subscribe for free here: Subscribe to FundingVoice. We don't use your email for anything else, and we limit our publication to one issue per month, to ensure our readers are not...
I am always on the lookout for good content, it has to be sector related and shared for news purposes rather than the numerous "link builders" that I continuously hear from (and ignore)....
The next edition will go out in August 2018 so subscribe before the end of the month to ensure you are kept up to date....
http://www.fundinvoice.co.uk/blog/news/post/our-magazine-fundingvoice-sent-july-2018.html - Overdrafts being converted to loans
The British Bankers' Association recently released figures showing that the amount lent to small businesses through overdraft fell at the end of 2008 by £457 million in the same period the...
These figures suggest two things. Firstly there may have been a movement in bank lending from overdrafts to term loans. This could potentially increase the security of the bank's position,...
The second, and even more worrying trend is that the increase in term loan lending is only approximately half the fall in overdraft lending which means that many businesses will be in a position of...
http://www.fundinvoice.co.uk/blog/news/post/overdrafts-being-converted-to-loans.html - Paper Free Business (Almost)
At FundInvoice we are operating an (almost) paperless business model....
I just completed my filing, everything that had built up over the last couple of years! It occurred to me that 90% of it is personal, bills, letters etc. and very little relates to FundInvoice. If...
Better for the environment and low cost to run, so it works for us. Everything is stored electronically and it's all backed up so that we can access copies from our electronic archive if they...
Ironic that we can arrange finance for paper manufacturers and distributors - but we don't produce much of it ourselves!...
http://www.fundinvoice.co.uk/blog/news/post/paper-free-business.html - Peanut Tycoons Son Conned Barclays To Pay Fake Invoices Worth GBP38m Daily Mail Online
Horrific example of fresh air invoicing on a huge scale, against an invoice finance company (Barclays), covered by the Daily Mail Online today: Peanut tycoon's son conned Barclays to pay fake...
I have tweeted the Daily Mail Online about the typo that I think should have read "In this way money was obtained FROM Barclays by fraud" - rather than as it currently reads - oops....
Fresh air invoicing is the bane of every invoice finance company's life (a sales invoice with no underlying valid transaction, making it uncollectable) but they should be identified by proper...
http://www.fundinvoice.co.uk/blog/news/post/peanut-tycoons-son-conned-barclays-to-pay-fake-invoices-worth-38m-daily-mail-online.html - Pestalozzi Entrepreneurs Talk
Back in the summer we met with Sue Walton, the CEO of the Pestalozzi children's charity, in Sedlescombe. They do some fantastic work, funding the eduction of exceptional students from all over...
Pestalozzi also struggle to raise the amount of money they need, as other charities often often take priority in people's minds. I had a conversation with someone I know the other day regarding...
My background is in marketing so I was asked, back in the summer, to take a look at their newsletter and their website, from a marketing perspective. Whilst I cannot profess to be an web SEO expert,...
They also suggested that their students might be interested to hear more about "entrepreneurs". When I see the word "entrepreneur" I think of Lord Sugar and Sir Richard Branson, rather than myself....
So, I have put together a few key points that I think have helped me along the way, and I will be sharing those with the students this evening....
This is a full write up of my talk on Entrepreneurs to the Pestalozzi students....
http://www.fundinvoice.co.uk/blog/news/post/pestalozzi-entrepreneurs-talk.html - How To Keep Motivated
Following my presentation to the Pestalozzi International students, about Entrepreneurs, I received a follow up question from one of the students....
I thought it was a great question that was worth publishing, especially as others may be asking the same thing - about how to keep motivated....
This was the actual exchange between the student and I, regarding this question:...
Hi Glenn,...
It's the kid who asked you a lot of questions when you came here at Pestalozzi for that wonderful presentation. It really made me think about it....
I just happened to have a question for a couple of days, weeks actually. "How do you motivate yourself when you feel lazy even though when you know you've to do that to achieve your bigger goals...
Thanks for checking it out. Hoping for advice....
Hi! Thanks for all your questions, glad you found it of interest....
My answer would be that everyone has days when they lack motivation, I try to accept that, rather than fight against it....
However, if I don't feel motivated to do something generally, then I feel it is probably not the right path for me. In my case I nearly always feel motivated to do what I do, as I really enjoy...
Years ago I paid for a course to train as a hypnotherapist. I never got around to finishing it, so I concluded it just wasn't the right thing for me....
Do something you love doing, life is too short to do anything else. I hope that helps, Glenn...
Thanks for the advice. I really appreciate it. I am sure I'll find it helpful. I just read it and it kinda makes me feel better....
Thanks again....
http://www.fundinvoice.co.uk/blog/news/post/pestalozzi-questions-how-to-keep-motivated.html - Please Resend Your Contact Requests
* URGENT MESSAGE FOR CUSTOMERS *...
If you have sent us a recent contact request PLEASE RESEND IT as we have not been receiving phone numbers!...
Specifically these include (without giving away too many details) call back requests from:...
A few days ago we updated our website so that customers would confirm acceptance of our standard Terms and Conditions before they sent us a contact request or business finance application. This...
Yesterday I received the latest of several contact request forms, without a phone number. People sometimes send hoax applications so I hadn't given them a second thought. Then I realised that...
Anyway, the bug has already been fixed, but I have not yet been able to track down the recent contact requests that we have received. If you sent one - PLEASE RESEND IT....
CONTACT REQUEST...
We can only apologise for the delay but we very much hope that you will get in touch with us again. Feel free to call Sean on: 03330 113622 for help. It is very frustrating when these issues arise as...
Further Information: If you are looking for more information about invoice finance, factoring and other forms of business finance please get in touch and we will guide you through the process, in the...
http://www.fundinvoice.co.uk/blog/news/post/please-resend-your-contact-requests.html - Populous Completes The Worlds First Blockchain Based Invoice Finance Transaction
Populous have apparently completed the world’s first blockchain based invoice finance transaction, with the debtor having paid their invoice, completing the payment cycle....
You may be aware that I have written previously about this, and discussed the security benefits of using blockchain to reduce invoice finance fraud....
It would seem to me that the key to how useful this type of technology could be, hinges upon the degree to which using elements of the blockchain will allow you to achieve a quasi letter of credit,...
A letter of credit, or LC, is normally issued by a bank, or trade finance house, and it sets out a number of terms that have to be met in order that a supplier receives payment for a shipment of...
The degree to which that element of control can be exerted using a blockchain based transaction, is likely to drive how attractive this technology is to invoice financing companies. My understanding,...
It would now be interesting to see if any of the current mainstream providers start to look at or use blockchain based mechanisms in order to underpin their own funding transactions....
Does anyone know if anyone else is looking using blockchain to underpin their invoice financing?...
http://www.fundinvoice.co.uk/blog/news/post/populous-completes-worlds-first-blockchain-invoice-finance-transaction.html - Radio 4 Article Commented On Lack Of Funding For Small Retailers
I heard an article on Radio 4 earlier today regarding the retail sector and specifically commenting on how difficult it is for small retailers to access funding as they tend not to be popular with...
http://www.fundinvoice.co.uk/blog/news/post/radio-4-article-commented-on-lack-of-funding-for-small-retailers.html - Ratings Page Added To The FundInvoice Site
We have added a new ratings and reviews page to the FundInvoice site. Customer and prospects can submit a rating (out of 5) and a comment to be posted to the page without alteration....
FundInvoice Ratings...
http://www.fundinvoice.co.uk/blog/news/post/ratings-page-added-to-the-fundinvoice-site.html - RBSmfgTalk Manufacturing Interesting Discussion Yesterday
The #RBSmfgTalk led to an interesting discussion yesterday about manufacturing, technology and health and safety. There was debate about the key issues facing the sector and I was able to highlight...
http://www.fundinvoice.co.uk/blog/news/post/rbsmfgtalk-interesting-manufacturing-discussion-yesterday.html - #RBSTechTalk About Technology And Business Today
Really interesting #RBSTechTalk Twitter talk today, hosted by RBS, that covered technology and how it is affecting the business landscape. Lots about 3D printing, car safety technology and the role...
I took the opportunity to share one of our research findings, that only 1 in 3 businesses have a Twitter link on their website - something that shows how we need to do more to embrace these trends....
http://www.fundinvoice.co.uk/blog/news/post/rbstechtalk-about-technology-and-business-today.html - We Have Rebranded The FundInvoice Website
We have rebranded the FundInvoice website - we would be interested to hear what you think....
We thought it was time to update the look of our site, but we didn't want to go for wholesale changes that would mean we need to change all the content. So we came up with this revised look and...
We have started to change the imagery, starting with our home page. Type fonts and our colour scheme have been updated, with some colour changes to our existing logo. It seems to have been...
An added bonus is that we have upgraded our hosting and made some changes so that the site now runs lightning fast, good new for our customers that are looking for increased speed....
You can still apply for a market-wide invoice finance quote search using the form on this page....
We have put a lot of effort into developing our site recently. Earlier this year we embedded an invoice finance application app, directly into our site. It allows customers to get an invoice finance...
We have also updated our business finance info pack (our brochure), which now reflects our new colour scheme and is available for download in a PDF format....
Customers can apply via FundInvoice or direct to a wide range of invoice finance companies via the site. We have automated processes in place that funnel applications direct to funders that are...
Over the last few months, in the wake of the pandemic, we have added a lot of new resources to help support businesses that are struggling. We have forged new relationships with funders that will...
http://www.fundinvoice.co.uk/blog/news/post/rebranded-fundinvoice-website.html - Accounts Receivables Financing Statistics Show A Move Towards Larger Clients
Having taken a look at the UK Finance (formerly the ABFA statistics) stats to the end of Q2 2018, there are a few trends that are worth noting. Overall members had made £21.4 billion of...
The average advance per client has now increased to almost £531K, although client sizes range from those turning over less than £500K pa, up to those transacting hundreds of millions each...
The first trend is that there appears to be a shift in the client book away from smaller clients towards larger clients turning over millions, tens of millions, or even hundreds of millions each...
There have been increased numbers in all the client size bands from £1m pa, upwards through to over £100m pa, with the growth in the number of clients turning over more than £100m...
This shift is consistent with the stance taken by some providers to move away from the servicing of smaller clients in pursuit of larger lending. At FundInvoice have maintained a panel of funding...
The figures also show some product movements. In a year-on-year comparison of sales by product, there was a 26.9% reduction in the volume of non-recourse transacted. These are bad debt-protected...
The figures also show increases in the volume of sales funded in both the construction sector (+8.3%) and the retail sector (+6.1%). Both sectors are now serviced by an increasing number of...
http://www.fundinvoice.co.uk/blog/news/post/receivables-statistics-show-move-towards-larger-clients.html - Testimonials From Invoice Finance Brokerage Clients
Testimonials are always great to receive and we have had a few recently. Some were received in support of our nomination for various awards and we also receive them in the normal course of business....
These are some of the recent testimonials that FundInvoice LLP has received from invoice finance brokerage clients that we have helped....
This recruitment company gave our service 5 stars out of a possible 5, the top rating. They also had this to say about our service which was delivered by Sean Morrow, one of our Partners:...
"Thanks so much Sean for everything you have done for us the service was Excellent".Owner of a recruitment company (Ref: 11427)....
Many recruiters use our services as payroll finance can help them improve their cash flow and pay their staff on time....
This is what they said about our service:...
"When looking for invoice financing, I found FundInvoice LLP to be helpful and effective in matching our requirements to a finance provider and would recommend them in future".Operations Manager...
This was what one recruiter said about us when nominating us for an award:...
"I would like to nominate FundInvoice LLP for this award, the reasons being, when I changed my factoring package from [FACTORING COMPANY 1] to [FACTORING COMPANY 2], Sean supported me through the...
You can read many more reviews about our FundInvoice, our invoice finance brokerage, on the FundInvoice reviews and ratings page. If you would like to add a review, please email it to...
http://www.fundinvoice.co.uk/blog/news/post/recent-testimonials-from-invoice-finance-brokerage-clients.html - Retailageddon Continues To Threaten UK High Street Firms
Since my last post about how "Retailageddon" is unfolding in the UK high street, there have been further stories emerging about problems continuing to threaten the UK retail sector....
Wesfarmers have just announced the sale of Homebase, the DIY chain, for just £1. Accounting for both the purchase price, and losses incurred, it is estimated that acquiring Homebase has cost...
There been further stories of closures on the High Street. Poundworld are apparently closing 117 stores by the end of August. Marks & Spencer‘s are set to close over 100 stores by 2022 and...
B&Q have just reported a 9% decrease in sales turnover for the three months to the end of April 2018....
In addition to these troubles affecting the UK retail sector, more has emerged about the position of Carillion prior to its collapse. The former second largest construction firm in the UK was...
With so many firms reporting problems, it is difficult to predict who may be next. At the present time, bad debt protection is still widely available (this could change at any time) and it can...
If you would like to understand more about how to protect your business from these kinds of issues, please contact Sean on 03330 113622 for a free, confidential discussion, without any obligation...
http://www.fundinvoice.co.uk/blog/news/post/retailageddon-continues-to-threaten-uk-high-street-retailers.html - Retailer Finance For Shops And Restaurants
Our funding partners are now able to provide finance to retailers. The finance is based on historic receipts and the finance is collected from future income, over an agreed period. Retailers such as...
http://www.fundinvoice.co.uk/blog/news/post/retailer-finance-2.html - Clients Returning So We Must Be Doing Something Right
We hope that our clients will stay with us indefinitely, however occasionally a client will choose to leave the invoice finance company that we introduce them to, in favour of an alternative....
GET A FREE INVOICE FINANCE QUOTE...
I was pleased to see a recent example of a client recontacting FundInvoice, after having left us, wanting us to help them find a replacement invoice finance company. We are always happy to reconnect...
Overall, we have an average customer satisfaction rating of 4.9 stars, out of a possible 5 stars, so that speaks to the service that we provide....
Another important aspect is keeping in touch. In this particular case, it looks like our monthly magazine, FundingVoice, may have sparked their renewed interest. It goes out to a large list of...
OK, this isn't a done deal yet, but I thought it was nice to demonstrate that even the clients that leave us often come back again, when circumstances change, and we always try and keep in touch...
The average client life in the invoice finance sector is just over 5 years in total, but on average clients move providers once during that period. We are here to support companies at all stages of...
We can even support you if you want leave invoice finance altogether by giving you access to alternative forms of transitional finance such as business loans....
http://www.fundinvoice.co.uk/blog/news/post/returning-invoice-finance-clients.html - Risk of UK Double Dip Recession Increases
I have been reading a variety of things on the web regarding the apparently rising possibility of a double-dip recession in the UK economy....
House prices have fallen again for the third month running, the HMRC appear to be taking a tougher stance regarding VAT time-to-pay agreements (according to an email update recently received) and...
It is impossible to predict if it will happen but at least it is possible to prepare in case it does. Following our emergence from the previous recession, I have noticed in the online forums...
The one thing that is certain is that those challenges are going to get considerably worse if the UK economy does enter a double-dip recession, funders will become increasingly cautious. Now is the...
http://www.fundinvoice.co.uk/blog/news/post/risk-of-uk-double-dip-recession-increases.html - Platform Black Rebrand to Sancus Finance Limited
Platform Black have rebranded today as Sancus Finance Limited. Sancus Finance is part of Sancus BMS Group Limited, ultimately owned by GLI Finance Ltd....
Sancus provide a range of invoice trading and supply chain finance products, including specialist Eduction Finance:...
Updated News: Sancus Finance Supply Chain Division to Close Down for support please call Sean at FundInvoice on 03330 113622....
http://www.fundinvoice.co.uk/blog/news/post/sancus-finance-limited-platform-black-rebrand.html - Sancus Finance Supply Chain Finance To Shutdown
Reports from StockMarketWire and Morningstar suggest that GLI Finance has taken the decision to shut down their Supply Chain Finance division, Sancus Finance Ltd, as performance fell short of...
Performance was apparently impacted by a £1.1M exposure to a supply chain finance borrower, which recently went into Administration. The group prudently provided for its full exposure in 2018....
A quick search at Companies House returned the financial accounts for Sancus Finance Ltd for the year ended 31/12/17. These showed an almost flat revenue line (once you pro-rata the previous 18 month...
If you are concerned that the closure of Sancus Finance could affect your funding arrangements, please get in touch and we will help you find an alternative provider: Call Sean on 03330 113622 or...
Sancus BMS remaining UK operations are set to continue to provide education finance and asset-backed lending, having reported continued growth in revenue of £13M, up 28% from the previous year....
The Group also announced that it expects to suffer further material write-downs in its Fintech Ventures portfolio. Some platforms are apparently finding it harder to raise further capital at the...
Source: Full details of the stock market trading update (dated 08/02/19) can be found here: https://glif.ir-data.com/article/id/490...
Related blog posts: Platform Black Rebrands As Sancus Finance...
http://www.fundinvoice.co.uk/blog/news/post/sancus-finance-supply-chain-finance-to-shutdown.html - Seasons Greetings From The Team At FundInvoice
As the holidays approach, we reflect on a year of achievements and advancements. Our dedication to providing the best invoice finance deals to UK businesses has further solidified our position as a...
We have had many successes this year but some of the most important achievements were:...
Award-Winning Service: We were thrilled to announce our win as the “Invoice Finance Quote Search Services Provider of the Year – UK” at the European Enterprise Awards 2022....
Exceptional Client Success: Our average customer satisfaction rating remained 4.9 out of 5, reflecting our commitment to high-quality, personal service....
Expanding Service Range: This year, we expanded our panel of funding partners to include a more diverse range of invoice finance providers and products, catering to the unique needs of each client....
Empowering Through Knowledge: In 2023, we continued our commitment to educating and empowering businesses with a series of comprehensive guides. These free resources cover a range of topics including...
Key Case Studies: This year, we've successfully navigated complex financial scenarios for many new clients which have included a manufacturer under pressure from rapid growth, a medical services...
Our extensive market and customer research, freely shared on our website, continue to influence the industry and provide valuable insights to our clients and partners....
Our role in chairing the 2023 Alternative & Receivables Finance Forum underscores our commitment to thought leadership in the sector....
We pride ourselves on operating ethically and sustainably, with our processes being nearly paper-free and all communications and records maintained electronically....
As we look forward to 2024, we remain committed to our mission of bringing the best financial solutions to our clients....
We thank you for your continued trust and support and send you Seasons Greetings & Best Wishes for a Happy & Prosperous New Year 2024,...
Glenn & Sean...
http://www.fundinvoice.co.uk/blog/news/post/seasons-greetings-2023-from-fundinvoice.html - Secure SSL Certificate Added To FundInvoice Site To Reassure Customers
We have added a secure SSL certificate to the FundInvoice site, to help establish trust with customers and to reassure them when dealing with us: FundInvoice...
You will now see that a secure padlock appears in your browser when you access the FundInvoice site, which should give confidence to customers that deal with us....
http://www.fundinvoice.co.uk/blog/news/post/secure-ssl-certificate-added-to-fundinvoice-site.html - Small Businesses Paid Almost 50 Percent Slower
A new piece of research by the ABFA shows that small businesses, with a turnover of less than £1 million per annum, are being paid almost 50% slower than bigger businesses. In an article:...
http://www.fundinvoice.co.uk/blog/news/post/small-businesses-paid-almost-50-slower.html - Special Offer Extended
One of our funding partners has extended their special offer until 31st March 2015....
The offer is for companies turning over between £500K and £1.5M pa:...
If you are interested in further details and the full terms and conditions please call Sean at FundInvoice on 03330 113622....
http://www.fundinvoice.co.uk/blog/news/post/special-offer-extended.html - Startups 100 2015 FundInvoice Entry Submitted
FundInvoice LLP has submitted its entry to be considered for inclusion in the Startups 100 list 2015. The application was based on the innovative research based approach that we have taken to the...
The results will be announced in the spring....
More finger crossing!...
http://www.fundinvoice.co.uk/blog/news/post/startups-100-2015-fundinvoice-entry-submitted.html - Symbiotic Versus Parasitic Business Models
Dictionary.com defines "symbiotic" as "any interdependent or mutually beneficial relationship between two persons, groups, etc."...
It defines "parasitic" as the behaviour of a parasite, which it goes on to define as: "a person who receives support, advantage, or the like, from another or others without giving any useful or...
These are useful terms in describing different business models - a business model, in this case, is a description of the nature of the interaction between organisations regarding particular...
On one hand, you have "parasitic" business arrangements where there isn't equality between what a business charges and the results that the customer enjoys. An example of a parasitic business...
On the other hand, a symbiotic business model is one where all businesses concerned with a particular transaction mutually profit from a positive outcome....
Our invoice finance brokerage is a good example of this. The service is free to the customer so they lose nothing by using it to find a better invoice finance deal, there are no upfront fees or...
We then receive a commission from the invoice finance company, but only in respect of business that they successfully acquire, and our income is always proportionate to their income. In this way, our...
This creates a mutually beneficial arrangement where it is in all party's interests to seek a successful outcome - for the customer, the invoice finance company and ourselves as the...
The benefits of a symbiotic business model are:...
Parasitic business models can result in:...
http://www.fundinvoice.co.uk/blog/news/post/symbiotic-versus-parasitic-business-models.html - Testimonials From Well Known Banks And Invoice Finance Companies
I have added to the FundInvoice site a page of testimonials from well known banks and invoice finance companies to help clients feel assured that they are dealing with a bone fide organisation....
They include testimonials and letters of thanks from:...
http://www.fundinvoice.co.uk/blog/news/post/testimonials-from-well-known-banks-and-invoice-finance-companies.html - I Just Had A Thank You From BCR Publishing
You may be aware that BCR Publishing were kind enough to ask me to speak on a panel about invoice finance auctions at the annual Alternative & Receivables Finance Forum 2019. Well I just received...
It read as follows:...
"On behalf of BCR, I would like to extend a heart-felt thank you for your commitment to making the Alternative and Receivables Finance Forum 2019 a success. As we continue to grow as a company,...
It's always nice to get a few kind words of appreciation....
That note came just after I received a kind gift & note, from another company, Previse Limited, that offer a quasi supply chain finance product. They wanted some input regarding market conditions...
Their card read:...
"Thanks ever so much for the time and expertise. Alan, Pieter and all at Previse". ...
The Alternative & Receivables Finance Forum is an annual event, held in London. Last year (2018) I was asked to moderate the "SME Insights" panel that discussed research regarding various trends,...
This year I participated in the panel that discussed auction based invoice finance. This time the discussion was based around the migration away from auction based models towards whole ledger...
http://www.fundinvoice.co.uk/blog/news/post/thank-you-from-bcr-publishing.html - The Apprentice 2015 On BBC 1 Last Night - Selling Fish to Vegans
Another season of Lord Sugar's #TheApprentice kicked off on BBC 1 last night. I love watching it, but the candidate selection seems to be skewed towards entertainment rather than business...
The losing team managed a profit of £1.87 between them, after a day selling fish to London's lunchtime footfall (well almost lunchtime, they pretty much missed that, hence the dismal...
As always tends to be the case, there are a few faces in the background that may show some talent in future episodes. The one I would keep an eye on is Richard Woods - "you're breads buttered on...
The second episode is tonight, on BBC 1 at 9pm, I can't help but watch!...
http://www.fundinvoice.co.uk/blog/news/post/the-apprentice-2015-on-bbc-1-last-night.html - Looking For The Best Invoice Finance Company
FundInvoice were pleased to be confirmed as Finalists for Invoice Finance Broker of the Year - 2018, at the Business Moneyfacts awards ceremony that was held on the 21st of March 2018 at the Royal...
There were numerous awards, presented by Claudia Winkleman (from Strictly Come Dancing), across a range of finance products, but those with an interest in our sector may be interested in some key...
There were two notable awards for anyone interested in the "best invoice finance companies", as recognised at the BMF Awards. All those that were given an award are members of our panel of funders,...
The first category was "Best Factoring & Invoice Discounting Provider"....
The winner was Close Brothers Invoice Finance, one of our panel of invoice finance companies. This marks the fifth year running that they have won this award. If you would like to receive an invoice...
The runners-up in that category, all of which are members of our panel of funders, were:...
Another of our funding panel was given the award for the "Best Service From An Invoice Finance Provider", the winners were Novuna Invoice Finance. Please use our contact form if you would like to...
The runners-up in that category, each with contact links if you require quotes, were:...
Well done to all that were nominated, or won awards. It was a really good evening for which I also thank our hosts, Business Moneyfacts....
http://www.fundinvoice.co.uk/blog/news/post/the-best-invoice-finance-company.html - The Cost Of Using An Invoice Auction Site
We have access to invoice auction sites for clients that want to fund their invoices in this way. The client posts one or more invoices onto the invoice auction site and seeks bids from funders to...
Clients are often interested to understand the cost of using an invoice finance auction site and one invoice auction site has recently published an average cost for funding invoices for each 30 day...
The average cost of funding invoices via the invoice auction site was 1.44% for each 30 day period....
This may be an attractive cost, particularly if a client is looking for very short term funding without the minimum periods and termination periods associated with traditional forms of invoice...
Where clients are looking for longer term funding, a traditional whole turnover invoice finance arrangement may prove more cost-effective however there is clearly a place for both products....
http://www.fundinvoice.co.uk/blog/news/post/the-cost-of-using-an-invoice-auction-site.html - The Unexpected Effects Of The Icelandic Volcanic Ash Clouds
There has been much comment in the press about the clouds of Icelandic volcanic ash, currently above the UK, which have brought our aviation industry to a standstill. This will undoubtedly have a...
It will not only be the airlines and businesses that import and export using air freight that will be affected. There will be a whole raft of businesses that will suffer the knock-on effects of the...
There are likely to be cash flow problems precipitating throughout the UK industry as a result of the Icelandic volcanic ash clouds, even after the current flight ban has been lifted....
http://www.fundinvoice.co.uk/blog/news/post/the-effects-of-the-icelandic-volcanic-ash-clouds.html - Market Conditions Interview For A Recruitment Magazine
I had a conversation recently with a journalist that is preparing an article for a recruitment magazine. He wanted to know how things were progressing in the invoice finance market, in the light of...
My reply was that we are thankful we are still able to do business. Some invoice finance providers have become more cautious about the customers that they will accept, and some have paused their new...
We are still seeing some enquiries for invoice finance, although less than we were prior to the lockdown. We have also seen a number of customers in our pipeline delayed until the lockdown is lifted,...
Some customer turnover volumes have reduced, but we have also seen some customers benefiting from the situation, for example supplying services and products to support the government with their...
In my opinion, the forces at work behind the situation is that they are twofold. Firstly, if there is less growth in the economy, and indeed a recession. This is causing businesses to become more...
The second influence is the availability of government-backed loans, which may have reduced the uptake of invoice finance in some cases. These loans may have provided a temporary lifeline for some...
As the restrictions begin to be lifted, we are hoping that confidence will start to return and we can all get back to the feeling of positivity about the UK economy and its potential, that was around...
http://www.fundinvoice.co.uk/blog/news/post/the-recruiter-interview-invoice-finance-market-conditions.html - The Secret To Selling More Invoice Finance Facilities
I am sure that is a question that many invoice finance companies would like answered!...
Well, I have had a bash at putting together another article for the next issue of Commercial Finance Today called "The Secret To Selling More Invoice Finance" which attempts to answer that question...
http://www.fundinvoice.co.uk/blog/news/post/the-secret-to-selling-more-invoice-finance.html - The Secret To Selling More Invoice Finance
My article "The Secret To Selling More Invoice Finance" has just been published on the Commercial Finance Today website....
The article sets out a summary of the feedback we have captured from numerous clients that we have spoken to over recent years. In the article I outline the key changes that would be required to...
http://www.fundinvoice.co.uk/blog/news/post/the-secret-to-selling-more-invoice-finance-2.html - What Tools Does The UK Have To Fight Recession?
There was an interesting piece in the Telegraph on the 15th of July 2019, saying that according to the Resolution Foundation, the U.K.'s recession-fighting tools are already almost exhausted....
The article goes on to describe how interest rates are already too low to be significantly cut, whilst the Government is heavily indebted from borrowing during the financial crisis, and in the...
Thankfully, their analysts are not predicting an imminent recession, but there are risks stated such as changes to global economic conditions, the US-China trade war and continued uncertainty over...
This echoes my own feelings about the recent economic dips, where significant amounts of money have been pumped into the economy in order to minimise the impact that we all feel. This included...
Whilst the article calls for urgent work to find "further tools which could be used to stimulate the economy in another crunch", it seems hard to imagine what these tools might be, when we have...
Whilst I am no economics expert, it would seem to me that there is only so long that anyone can continue to prop up the UK economy. My concern would be that when the next downturn arrives, the...
What can we do to protect our businesses from recession? A very difficult question that is impossible to fully answer, my suggestions would include the following:...
http://www.fundinvoice.co.uk/blog/news/post/tools-to-fight-recession.html - 10 Top Tips For The Apprentice Candidates
The next season of The Apprentice is about to start, and in advance of watching the normal mistakes being made by the candidates, whilst we sit screaming at the TV for someone to do what seems...
So here they are, our top 10 tips for The Apprentice candidates that are looking for Lord Sugar's investment:...
The team name is completely unimportant, get on with something that matters. How often do they spend hours coming up with the corniest team name ever, only to end up rushing the important part of the...
Get the maths and measurements right - check and check them again. We will doubtless see the quantities being incorrectly calculated and the prices being incorrectly added up (yet again). You have to...
Sell lunch products at lunchtime - will we once again see candidates attempting to sell lunchtime food products, at 1:30pm? Just after the lunchtime rush! If it's a lunchtime product make sure...
Allocate time to each task - back in 2017 we watched the interior design task. When designing the wall paper, all the available time was used up resulting in a 2 minute panic to hand draw a design....
Stop lying on your CV - I will lay money that the normal CV exaggerations, and downright lies, will emerge in the interview task as much as I am looking forward to the normal grilling by Lord...
Listen to the market research - I have no doubt we will see this yet again, the market research results being overlooked. There has rarely been a season where one team has not overrulled whatever the...
Get the product in your advert - again, it's not been aired yet but will there be the normal arty adverts produced without the product being mentioned?...
Sense check your ideas - "Pantsman" - need I say more....
Develop a pricing strategy - it always seems to be an oscillation between overpricing and fire sale prices. Inject some sense into your pricing strategy: costs + margin = sales price....
Listen to the clues - presumably the candidates hear the initial briefing from Lord Sugar that we all see? The clues are always in there "this is a pricing task" - "this one is all about selling"...
If you actually assembled some of the best project managers in the country, the tasks would run more smoothly and there would be far fewer errors. However, what would be the fun in that!...
http://www.fundinvoice.co.uk/blog/news/post/top-tips-for-the-apprentice-candidates.html - Trade Finance Testimonial About FundInvoice From An Importer
Testimonials are always great to hear. This is one we received from a company that we helped find a trade finance arrangement. Ratings are given out of 5 possible stars, in this case, the customer...
This is what the Managing Director of this import and distribution business said about the service that they received from FundInvoice:...
"5-star rating. We had a challenging and unusual trade finance requirement. The agreement was not "off the shelf" and needed some extra work to find the right fit to meet our criteria. FundInvoice...
If you would like to see other feedback, ratings and testimonials from clients of FundInvoice, please see our FundInvoice Reviews page....
We always appreciate getting these comments from our customers and they are always published on our site, without altering the content (we may remove names and correct spelling, but we don't...
The graphic on this page shows the latest average rating we have received across all the ratings that our customers have provided. In each case, they give us a score out of 5, and we add it to our...
Trade financing imports is all about paying our customer's suppliers so that they can take delivery of raw materials or products. This gives the customer time to resell those products or to...
Invoice factoring can be added to a trade finance facility to further extend the period of credit that customers enjoy. The factoring can be used to repay the trade financing, which is ultimately...
http://www.fundinvoice.co.uk/blog/news/post/trade-finance-customer-testimonial-importer.html - Trademark Registered For FundInvoice
FundInvoice have successfully trademarked their name. Great news, after several months our application for a trademark has been granted....
http://www.fundinvoice.co.uk/blog/news/post/trademark-registered-for-fundinvoice.html - Transfer Of Factoring Clients From Barclays To 4Syte
According to the 4Syte Group's website (post dated 22/02/21), they have entered into an agreement with the high street bank Barclays for the transfer of assets from the bank's factoring...
This is a remarkable move by Barclays, who have been one of the UK's major factoring providers for many decades....
Interesting news that Barclays are apparently seeking to move some part of their factoring portfolio to another provider. It comes as somewhat sad news, having worked for them myself for over a...
4Syte Group are an independent, Chelmsford based factoring and asset finance company. This move is a major achievement for them which could generate significant growth of their factoring client...
We already deal with 4Syte Group, they offer a great range of business financing services and are members of UK Finance. Therefore, clients have the reassurance that they are bound by the UK Finance...
This breaking news puts meat on the bones of the rumours about a factor transferring factoring clients that have been circulating around the invoice finance sector recently....
A factoring service is one that combines both prepayments against invoices with a credit control service. The credit control element is what makes it a factoring arrangement, as opposed to invoice...
There are currently over 100 invoice finance companies within the UK, many of which offer factoring. If an invoice finance company provides factoring, they undertake the credit control on behalf of...
The exact nature of the factoring service provided varies between different providers, as does the cost and the flexibility of funding. In some cases other services are included such as the provision...
Source: 4Syte announcement of the Barclays transfer agreement....
http://www.fundinvoice.co.uk/blog/news/post/transfer-factoring-assets-barclays-to-4syte.html - Trump Wins US Presidential Election Trade Prospects With UK
Donald J. Trump has made history by becoming the first US presidential election winner not to have served in public office or the military. #Trump, from a business background, has been chosen by the...
I have to admit that I watched all 3 of the Presidential Debates, and I have spent most of the night watching the US election results unfold, not least of all because I had a bet at 5:1 on Trump...
If you knew nothing else about Trump, other than hearing his victory speech, you would possibly be reassured, and perhaps even intrigued as to what he will do next. Especially as the Republicans have...
So here is my own 10-minute sketch of the new "leader of the free world" - Donald J Trump....
To add my sketch to your blog or website, just cut and paste the following HTML code:...
450 pixels wide:...
<a href="https://www.fundinvoice.co.uk/blog/news/post/trump-wins-us-presidential-election.html" ><img src="https://www.fundinvoice.co.uk/images/trump.jpg" alt="Donald J. Trump by Glenn...
http://www.fundinvoice.co.uk/blog/news/post/trump-wins-us-presidential-election.html - UK Economy Grows Helped By The Services Sector
The UK economy grew by 0.3% in July 2019 (see BBC News), helped by the dominant services sector. The services sector apparently now accounts for 80% of the UK economy and is a segment that is highly...
INVOICE FINANCE PRICE SEARCH...
These growth figures should see the UK economy avoiding a technical recession in Q3 2019, a recession being defined as two consecutive quarters with reductions in GDP (Gross Domestic Product - a...
This brings two pieces of good news for the UK's invoice financing sector....
Firstly, use of invoice finance is closely associated with growing businesses. Our research has consistently shows a close link between this type of funding and fast business growth. Often turnover...
However, with invoice financing, the more invoices you raise, the more funding the financier delivers against those invoices. In this way there is a direct link between the size of your business, and...
In practice, this means that as you raise an invoice for a sale, you get the majority of that cash available to use, immediately. You don't have to wait 30, 60 or more days to get the payment...
The second piece of positive news for receivables financiers is that the services sector is doing well. There are many services businesses, such as recruitment companies, using this type of funding...
Whilst Brexit continues to cast a shadow of uncertainty over UK businesses, it is good news that some key parts of the UK economy are experiencing growth. There remain a wide range of UK invoice...
http://www.fundinvoice.co.uk/blog/news/post/uk-economy-grows-helped-by-services-sector.html - UK Economy Officially In Recession
The Office for National Statistics has reported that Gross Domestic Product (GDP) in the UK fell by 1.5 percent from the previous quarter today. The economy has now shrunk for two successive quarters...
http://www.fundinvoice.co.uk/blog/news/post/uk-economy-officially-in-recession.html - Is The UK Facing Another Recession
Is the UK approaching another recession? Yesterday evening I saw an article on Sky News suggesting that shares had slumped on bond market signals that had not been seen since the last financial...
The article reported that in the US, such inversions have preceded the last 9 recessions dating back to 1955....
I also saw this graphic representation (from the BBC) of the link between yield curve inversion and recession. Whilst I am not an economist, these seem like troubling developments....
The phenomenon, that has been in the press over the last 24 hours, is known as a "yield curve inversion", where the returns yielded by 10 year UK bonds (parcels of Government debt repaid after a set...
Is the UK going to enter recession? Well projected growth rates are already very slim, so it would take little to push the economy into, at least a technical recession (2 consecutive quarters of...
A better question is perhaps what can you do to protect your business from a recession, if there should be one?...
Well, below are 8 simple recession-proofing measures to help protect your business against the effects of a recession:...
http://www.fundinvoice.co.uk/blog/news/post/uk-recession-outlook-yield-curve-inversion.html - Please Vote For FundInvoice To Win Best Invoice Finance Broker
You may have heard that FundInvoice LLP has made the shortlist of Finalists for "Invoice Finance Broker Of The Year" at the Business Moneyfacts Awards 2019. Now we need your support as the deadline...
Please help us win the award by providing a quick testimonial (it can be anonymous if you prefer)....
See our blog post about making the shortlist - which has a link to give your testimonial. (TESTIMONIALS HAVE NOW CLOSED - THANK YOU TO ALL THOSE THAT SUPPORTED US WITH A TESTIMONIAL)...
It's about quality not quantity, so we would appreciate you letting the judges know what you think about us, rather than just voting for FundInvoice LLP....
You can provide a testimonial if you are a customer, a prospect, a colleague within the sector, or even a reader of our blog or e-magazine, FundingVoice....
The voting process closes in January 2019, so please don't delay in showing your support for us. The winner will be announced at the gala dinner in March next year....
Thank you to everyone who has supported us already....
With kind regards,...
Glenn Blackman & Sean MorrowPartnersFundInvoice LLP...
http://www.fundinvoice.co.uk/blog/news/post/vote-for-fundinvoice-for-best-invoice-finance-broker-2018.html - Vote For FundInvoice LLP in Business MoneyFacts Awards 2015
FundInvoice LLP are finalists for Best Asset Based Finance Broker of the Year 2015 in the Business MoneyFacts Awards 2015....
http://www.fundinvoice.co.uk/blog/news/post/vote-for-fundinvoice-llp-in-business-moneyfacts-awards-2015.html - Welcome to Glenn Blackman's Invoice Finance Blog . . .
I am Glenn Blackman, welcome to my blog. I run a businesses that is involved with the brokerage of invoice finance facilities such as factoring and invoice discounting and market research....
http://www.fundinvoice.co.uk/blog/news/post/welcome-to-glenn-blackmans-invoice-finance-blog.html - What Is It With Medication Spammers!
Yet another stream of posts deleted about prescription medications from the usual spammers! There is no way I am going to allow your comments to publish so why not save yourselves some time :o)...
http://www.fundinvoice.co.uk/blog/news/post/what-is-it-with-medication-spammers.html - What To Do If You Have Been Told To Find An Alternative Trade Finance Company
Occasionally we hear rumours about companies which are withdrawing from the market or withdrawing certain products - and we do our best to help clients find alternative financing....
We recently heard a rumour from one of our contacts that they had been approached by several clients that were looking for alternative trade finance facilities. This was because the clients had...
Whilst this may sound unusual it does happen occasionally as products are withdrawn from the marketplace for various reasons....
GET TRADE FINANCE OFFERS NOW...
More information about import and trade financing....
If you should find yourself in such a situation, that you are relying upon an import financing facility from a company that no longer wishes to offer that type of facility, do not panic - there are...
Some alternative trade financing providers are actively seeking new clients within this sector and we would be happy to make introductions to new trade financiers. Remember that not all funders have...
We have seen situations where clients can even improve on the terms of their financing in a situation where they are asked to refinance by an existing funder....
For support please call our team of specialists on 03330 113622....
Related content: See our guide to moving between finance companies this guidance applies equally to trade financing arrangements....
http://www.fundinvoice.co.uk/blog/news/post/what-to-do-if-you-have-been-told-to-find-an-alternative-trade-finance-company.html - White Oak UK Have Acquired Growcap Finance.
Growcap Finance has been acquired by White Oak UK on the 19th of June 2019....
Whiteoak UK are providers of non-bank finance, to SMEs, such as asset finance, business loans and commercial mortgages. They acquired the supply chain funding company, Growcap Finance (GF) earlier...
Trade finance is a form of supply chain finance used to fund purchases from suppliers, often from suppliers based overseas. It can include cases where letters of credit are required to pay the...
The announcement from White Oak UK confirms that the current GF management team will remain in place and that the business will be rebranded as White Oak IE....
Read further information about Trade Finance....
http://www.fundinvoice.co.uk/blog/news/post/white-oak-uk-acquire-growcap-finance.html - Why Did Greensill Fail
Greensill was one of over a hundred invoice finance companies that were involved in the UK receivables financing market. Their recent failure has provoked a scandal over government lobbying and the...
If you were a customer of the group, and you require replacement funding, there are likely to be alternative financiers that will be able to help you, providing you have a debtor book of valid sales...
The group's reach went far beyond the UK and we are now learning that their practices may have extended well beyond traditional forms of funding against receivables. A recent article by TransFin...
The collapse has also sparked a political scandal over lobbying. The BBC reported (14/04/21) that a review has been ordered by Boris Jonson. The review will look into alleged links between Greensill,...
The FT reported that Greensill filed for Administration on the 8th April 2021....
Administration is an insolvency process whereby a company is placed under the control of an Insolvency Practitioner, the Administrator, who takes over the running of an insolvent business (one that...
A quick look on Companies House confirms that Greensill Capital Management Company (UK) Limited (company number 08037769) appointed Administrators on the 08/03/21. The Administrators are Grant...
The last finacial accounts were for the year to 31st December 2019. They showed that the company provided management support to group companies....
The latest years accounts showed revenue of $85,740,000, an increase from the previous period where the revenue achieved was $41,143,000. This resulted in a loss of $114,000 in 2019, against the...
The financial accounts show that the details of the company’s subsidiaries, as at 31st December 2019, were as follows:...
One of the sad consequences of this scandal is the impact on the receivables financing sector. It remains one of the safest means of funding businesses - providing (of course) that the underlying...
The real shame is if the whole of the receivables financing sector is judged by the alleged actions of one company, that may have made some very bad decisions. Most funders would never adopt these...
http://www.fundinvoice.co.uk/blog/news/post/why-did-greensill-fail.html - World Of Open Account (WOA)
I have just registered with the World of Open Account (WOA), which is a new inclusive global Community of professionals and companies, engaged in open account receivables finance, that was launched...
WOA ’s website states it's mission as "to be a networking, competence and innovation centre for its members"....
The global receivables community was launched by Erik Timmermans, the Managing Director of BZIX Consulting & Management (Terspautlosweg 21, 3090 Overijse, Belgium), and it has an impressive...
You can register for free, which gives you basic access to their platform and updates: https://woa.community...
It is always worth keeping in touch with the latest developments within the sector, so worth at least registering at no cost....
I would also like to mention once again, the Invoice Finance Research Group on LinkedIn, which currently has 1,157 members from around the sector. I manage this group, which has the very specific...
http://www.fundinvoice.co.uk/blog/news/post/world-of-open-account-woa.html - Invoice Finance At 0% Over Base For 3 Months And No Set Up Fees
One of our invoice finance partners are currently offering new customers funding at 0% over base for the first 3 months of their facility and there are no set up fees involved. This funding partner...
http://www.fundinvoice.co.uk/blog/news/post/zero-over_base.html - 1 Percent Over Base Rate For 12 Months
We have a new special offer for our clients - a very low discount charge (which is the equivalent of interest when referring to receivables financing facilities)....
The offer is an invoice finance discount charge of 1% over base rate (base currently being 0.5% at the time of writing), for the first 12 months from taking out a new facility....
The offer is being made by just one of the invoice finance companies that we deal with, to new clients only, and your company and directors will need to be of reasonable financial standing to qualify...
So this is not an offer that is going to be applicable to all companies e.g. directors with prior bankruptcy or disqualification orders (if you have prior bankruptcies or a spent disqualification...
The offer applies to companies that require funding in excess of £1M (funds in use)....
The offer could be withdrawn at any time, so please get in touch immediately if you would like to find out more details, either via the green application form on this page, or call Sean on 03330...
http://www.fundinvoice.co.uk/blog/offers/post/1-percent-over-base-for-12-months.html - 1 Percent Over Base Rate For 6 Months
Another updated invoice finance offer for you. One of our panel is able to offer a discount rate of:...
This offer is based on an initial 24 months agreement period. This offer may be withdrawn without notice, and qualification criteria may apply....
What this offer means is that you can save some money on the discount charge element of your invoice finance facility. This is the charge made in respect of the funding that you have drawn down....
For example, a business with a turnover of say £1M pa, might have say £100K of funding outstanding at any given time. That funding will be subject to discount fee, which is normally...
Assuming base rate of 0.75%, a typical discount margin might be 2.5% over base rate. Therefore, this offer would discount that margin rate by 1.5%, for a period of 6 months. During the 6 months that...
If you would like to be considered for this offer, please get in contact with Sean on: 03330 113622....
We have access to a range of other invoice finance offers. For example, we can find you single charge facilities, where you only pay one fee rather than paying service charge and discount. We can...
We have also been able to find our factoring and invoice discounting customers average cost savings of 31% (over the last 12 months) on fees that they have been quoted elsewhere. This could result in...
http://www.fundinvoice.co.uk/blog/offers/post/1-percent-over-base-for-6-months.html - 100% Funding Against Invoices
100% invoice finance funding levels are now available to a variety of industry sectors....
One of our funding partners deals with funding car body repair invoices to insurance companies, and they fund those invoices at 100% less a flat fee percentage for using their service (the fee is...
There are no debentures taken over the client company, and no personal guarantees. The directors only have to agree to fraud warranties i.e. unless they commit a fraud they are not liable to repay...
The service is also fully selective, so the customer can choose the invoices they want to have funded, without any ongoing obligation to use the service again, or meet any minimum fees....
We have regular discussions with our funding partners, to keep up to date with the latest developments, and during a recent conversation we pointed out that this was a very simple model that could...
The nature of this arrangement is very straightforward as you are effectively selling your receivables (at a cost of a few percentage points) to the funder, there is no waiting for your debtor to pay...
The criteria to qualify are as follows:...
On that basis, the service can be offered to other industry sectors, beyond car crash repairs....
Each case will be subject to the approval of our funding partner, who retain the right to decline a customer at their sole discretion....
For a quote please call Sean on 03330 113622, or contact us about 100% invoice funding....
http://www.fundinvoice.co.uk/blog/offers/post/100-percent-invoice-finance-for-industry-sectors.html - 6 Months Free Bad Debt Protection
Bad debt protection (BDP) has been a popular option as companies have seen a high number of recent failures, even amongst well-known household names. BDP protects you against up to 100% of the value...
One of our panel of invoice finance providers is currently able to offer our customers:...
as an introductory offer to new customers. This offer may be withdrawn without notice, and qualification criteria may apply. Debtor concentration levels must be less than 40% of the sales ledger, and...
BDP means that you have credit limits set for each customer, and providing you stay within the credit limit (the maximum level of invoices outstanding to a debtor at any given time), you know you are...
As an example, based on a customer seeking invoice finance, turning over just more than £1M, the expected cost of the bad debt protection element might be 0.25% (you will need to check the rate...
For more details please call Sean on 03330 113622....
We have a variety of other offers and discounts that are available to our clients. At the time of writing these include service charge holidays and the removal of minimum fees for an initial period...
http://www.fundinvoice.co.uk/blog/offers/post/6-months-free-bad-debt-protection-offer.html - Boost Your Invoice Finance Prepayment Percentage With The Recovery Loan Scheme RLS
NOTE: THE GROWTH GUARANTEE SCHEME HAS NOW SUCCEEDED RLS...
Prepayment percentages drive the amount of funding that is released by an invoice financing arrangement. The higher the percentage the more money is released from your sales ledger....
The prepayment percentage (sometimes called the initial payment percentage or early payment percentage) is set when you take out your facility. Typically, it can be 80 to 85% for many clients...
We have just met with one of the invoice finance companies that we work with and they described an innovative approach to boosting the invoice finance prepayment percentage that customers receive....
REQUEST A QUOTE...
They have found this particularly useful when supporting acquisitions (where one party is seeking to buy a business, company or its assets)....
RLS3 is a government-backed scheme to help get small and medium-sized businesses back on their feet after the pandemic. The UK government provides a partial guarantee to support the additional...
There are two uses for this additional funding:...
The first option can be used to increase your prepayment percentage and release more cash....
Typically, this funder would be seeking to help businesses that are turning over £1M pa or more and there are some stipulations about how much the company has received in other covid related...
http://www.fundinvoice.co.uk/blog/offers/post/boost-your-invoice-finance-prepayment-with-the-recovery-loan-scheme-rls.html - Earn Commission By Introducing Companies Needing Business Finance
You can earn commission by referring UK companies, that want business finance, to FundInvoice. You can either introduce prospects, or add a link to your site that will do that automatically (see...
SEE OUR NEW COMMISSION SCHEME...
Use our contact form to refer a prospect now (don't forget to include your details) - or you can call Sean on 03330 113622, with the details....
FundInvoice provides a free, independent quote search and advice service for business finance. This can include business loans, invoice finance, factoring, trade finance or specialist finance for...
We have been Finalists in the Business Moneyfacts awards for the last 5 years and we have achieved an average customer satisfaction rating of 4.9 out of 5.0....
FundInvoice has a 97% success rate in finding business finance for companies....
FundInvoice receives a commission in respect of any UK company that takes up a facility that we find them. We are happy to share any commission received with you....
We work with a range of introducers including:...
If you have a website, blog or use social media, we can provide you with a unique referral link (a trackable URL) that customers can use to contact FundInvoice. See an example contact form here. This...
We can personalise the text at the top of those forms, and even add your logo. Whichever is used, any referrals from you site can be tracked as having been referred by you, so that we can share with...
This could be a simple way to make additional income for anyone with a website, blog or social media presence....
http://www.fundinvoice.co.uk/blog/offers/post/earn-commission-by-introducing-companies-needing-business-finance.html - Please Resubscribe Or Offers And Updates Will Cease
PLEASE RESUBSCRIBE TO FUNDINGVOICE MAGAZINE OR OFFERS AND UPDATES WILL CEASE IMMEDIATELY....
FundingVoice magazine is sent out by email each month to our database of subscribers. It contains all our latest updates, offers and information relating to the invoice finance sector....
We have removed a number of legitimate subscribers from our list, as we are moving towards double opt in only as a subscription process. Therefore, you will need to subscribe again, if you...
The subscription form is here: RESUBSCRIBE NOW...
Using the form will trigger a confirmation email, where you have to click the link in order to confirm your subscription. You will also get optional access to our e-book "The Startup Wizard - How To...
I would stress again that if you don't complete this process you will no longer receive our updates....
Double opt-in is a process by which you sign up to become a subscriber. It means that you enter your details, then you are sent a confirmation email. The email requires you to click on a link in the...
We make sure that we only send our subscribers our monthly newsletter (which often doesn't make it onto our site until much later). We also don't share or sell our subscribers with/too...
http://www.fundinvoice.co.uk/blog/offers/post/invoice-finance-magazine-resubscribe-offers-updates.html - Invoice Finance Without Paperwork And Forecasts
Looking for invoice finance without all the paperwork and financial forecasts? One of our panel of funders could be the ideal option for you as they offer a service that has no fuss, hassle or...
Call 03330 113622 for a quote....
Getting funding against your invoices can be a great way to increase working capital and improve your cash flow position. However, sometimes people are apprehensive that there will be a lot of...
One of our panel of invoice finance companies contacted us to reiterate how simple their funding process is. Unlike many providers, they don't use long-winded application forms, complicated...
Instead, this funder uses a very simple funding process. A prospective customer company only needs to create an online account (via their simple online website) and enter the details of the invoices...
These days, many financiers will want to see your financial forecasts before funding your business. In this case, the funder focuses on the quality of the book debts, rather than the strength of the...
Of course, we would always recommend producing financial projections for any business. However, if you don't already have forecasts, or you need to get an accountant to produce them, it can be a...
Note: * subject to identity checks and validation of the invoice with the debtor....
http://www.fundinvoice.co.uk/blog/offers/post/invoice-finance-without-paperwork.html - Invoice Finance Without Personal Guarantees
Invoice finance without a personal guarantee? Having to provide a personal guarantee (PG) to support business borrowing is often a negative for customers. Now there is at least one provider that are...
GET A QUOTE...
The requirement for Directors to require a PG is pretty much standard within the receivables financing sector and throughout other forms of business funding. Often customers tell us the reasons for...
They are all valid concerns. Of course, if you operate your factoring or invoice finance facility correctly there should be no need to call on your guarantee, however, the terms of the PG normally...
For example, if a major debtor failed you could be called upon to repay the funding against that debtor. If the rest of your ledger didn't support that repayment, you could technically end up...
In all situations, you will still be required to sign an indemnity against you committing fraud....
The thing that makes this even more interesting is that the cases referred to this provider, where they have not required a PG, have included new startup companies. So it is not just a case of them...
http://www.fundinvoice.co.uk/blog/offers/post/invoice-finance-without-personal-guarantees.html - Up To 25% Lower Charges By Taking Out Protected Invoice Discounting
Interested in saving up to 25% on your invoice discounting charges?...
Some factoring companies will actually lower the service charge element of a factoring quote if you agree to take bad debt protection, as an optional extra....
A few well known providers recently quoted for a potential client and told us that they would be able to reduce the administration charge (often referred to as service charge, despite that term being...
It is common for providers to quote fees as a service charge percentage of invoices discounted and an additional premium, often called the "credit protection element" of CPE if you choose to add non...
The CPE quote is likely to vary between providers but it is often a standard additional charge that a particular provider makes for the credit protection....
Protected invoice discounting, or PID, puts all parties in a more secure position. The customer knows that if a debtor becomes insolvent, and they trade within a pre-agreed credit limit for each...
This protection can also improve the providers perception of the risk associated with funding a sale ledger, especially when the bad debt protection is backed by an external credit insurance policy....
http://www.fundinvoice.co.uk/blog/offers/post/lower-invoice-discounting-charges-by-taking-bad-debt-protection.html - Make Money By Referring Companies For Business Finance
You could refer companies to us that need business finance. We get paid a commission on any deals that we successfully place and they take up a facility. We would be happy to pay you part of any...
Approval to act as an introducer is at our absolute discretion and can be withdrawn at any time....
CONTACT US ABOUT INTRODUCING...
There is lots of information on our website about the type of finance that we can find for companies. In broad terms, it includes business loans and invoice finance (funding against unpaid invoices)....
We are award-winning, established brokers that have many years of experience....
We work with a number of introducers. All you need to do is contact us. Please call us on 03330 113622, or email [email protected]...
http://www.fundinvoice.co.uk/blog/offers/post/make-money-by-referring-companies-for-business-finance.html - New Invoice Finance Offer No Arrangement Fees Zero Over Base
One of the invoice finance companies that we deal with has launched a new offer and the terms are shown below....
This applies to any new client company that starts a facility with this provider by the 30th of June 2024 - so time is limited!...
NOTE: This offer has CLOSED....
These are the key terms of the offer:...
The client must enter into a 12-month minimum term to qualify and must have an annual turnover of at least £50K and trade business to business on credit terms....
To take advantage please get in touch with us on 03330 113622 and mention this special offer....
http://www.fundinvoice.co.uk/blog/offers/post/new-invoice-finance-offer-no-arrangement-fees-zero-over-base-cr112.html - No Minimum Fees And No Service Charge
Offers and discounts are important as we like to be able to offer our clients the best invoice finance deals on the market. Therefore, we are always on the lookout for the best deals around and in...
INVOICE FINANCE OFFERS...
Recently we were speaking to one of our contacts who said they are able to offer some clients no minimum fees for a period of time, and/or no service charge for a period of time. Documentation fees...
These kinds of offers are frequently used to help acquire a client who is with another provider, but they can also be offered in other circumstances....
If you need more information about prices, please see our guidance article: Invoice Finance Pricing....
There are no guarantees that it can be offered to you, but if you get in touch with Sean on 03330 113622 he will check to see if you qualify, and what can be found for your particular set of...
See also: Check My Invoice Finance Pricing...
Normally minimum fees apply to the service charge aspect of invoice finance pricing. They often operate on a monthly basis, to ensure that the clients turnover is somewhere near the level on which...
We have researched this aspect of pricing and the approach to charging minimum fees varies between providers. If you choose the wrong provider, you can even end up with a minimum fee that actually...
http://www.fundinvoice.co.uk/blog/offers/post/no-minimums-no-service-charge.html - Invoice Finance Offer Zero Service Charge Month 1 No Arrangement Fee And 1 Percent Discount Margin For 6 Months
Occasionally we receive details of special offers from the invoice finance companies that we work with. We can introduce you to the companies that are making these offers....
Below are the details of one such offer received from one invoice finance company that may be of interest to our readers....
This offer may be withdrawn at any time without notice so we suggest you get in touch if it is of interest to you....
REQUEST A CALL BACK...
The details of this invoice finance special offer are as follows:...
The invoice finance can release 90% of your invoice values normally within 24 hours of receipt of your invoices....
In addition to financing against your debtor book, the funder can offer two additional options. Asset Based Lending (ABL) to release further capital against your stock, machinery, equipment or...
ABL allows a lender to provide capital against your receivables and other assets. This can increase the amount of funding that can be made available to support your growth....
Debtor Protection can give you additional peace of mind should you suffer a bad debt....
If you are interested in taking up this special offer, please get in touch with us and we will put you in contact with the invoice finance provider that is offering this deal....
REQUEST A CALLBACK...
For more general information about these types of products, please see our guide to receivables financing services....
IMPORTANT: Please note that all offers may be subject to additional criteria and may be withdrawn at any time without notice....
http://www.fundinvoice.co.uk/blog/offers/post/zero-service-charge-no-arrangement-fee-one-percent-discount-margin-invoice-finance.html - 22 Percent Confidential Invoice Discounting Saving
Moving their confidential invoice discounting facility to a new provider could save one of our clients more than 22% on the total fees that they are currently paying their existing discounter. This...
The client was using confidential invoice discounting from a bank backed provider, and they wanted to see what could be saved. Their discounter immediately gave them a small reduction in their fees...
I also found it interesting to look at the component elements of the handful of the best confidential invoice discounting quotes that we sought for them. Their existing provider was charging over...
The differences in CHAPS charges was also interesting. This is the fee to receive funds into your bank account via a CHAPS transfer. This ensures they are received the same day. Amongst the quotes...
The administration fees (also sometimes called service chrarge), made up the bulk of the annual costs. This element alone was over 36% lower in the case of the cheapest service charge quote that we...
Refactoring fees are additional fees charged, as a percentage of invoice value, if invoices exceed a specified age. Although this is not the correct terminology for an invoice discounting facility,...
http://www.fundinvoice.co.uk/blog/pricing/post/22-percent-confidential-invoice-discounting-cost-saving.html - 4 Simple Ways To Reduce Your Factoring Costs
If you are an existing factoring user and you are looking for ways to reduce the cost of factoring, we have set out below four simple actions that you could consider....
The cost of factoring is constantly changing; rates have moved over the last 12 months. In addition to this, the rates offered by different factoring companies will vary dramatically. In a recent...
CHECK FACTORING PRICES NOW...
Regular readers of this invoice finance blog will be aware that the nature of the service provided by different factoring companies also varies widely. In some cases, it is a fully comprehensive...
Even if you don't want to go through the process of moving from one factoring company to another, you may still be able to achieve a price reduction from your existing provider. We have dealt...
See our related article: Finding The Cheapest Invoice Finance Options....
There are two different types of factoring facilities. The first is what we refer to as a "whole turnover" or "full turnover", which is a facility where you submit all your invoices to the factor for...
It is often the case that if you go for the whole turnover option, you receive a cheaper overall price than you would have paid if you were submitting all of your invoices on a selective basis....
Depending upon which type of facility you currently use, you could consider switching to the alternative. If you are using a whole turnover facility but do not require the full amount of funding and...
Factoring includes a credit control service, whereby the factor will have staff that will chase your outstanding sales invoices for payment. The alternative is an invoice discounting facility where...
As mentioned previously, if you have staff available that would undertake this function, or if you have the time to undertake it yourself, you might consider moving to an invoice discounting facility...
Debt turn is the number of days that it takes for your invoices to be paid, on average. If your customers are paying more quickly, it may lead to a reduction in the cost of using invoice financing....
The other benefit to reducing your debt turn is that the amount of working capital within your business increases, reducing the amount that you need to borrow from your financing facility. Therefore,...
http://www.fundinvoice.co.uk/blog/pricing/post/4-simple-ways-to-reduce-your-factoring-costs.html - 41 Percent Cost Saving On Recourse Factoring
One of the things that we pride ourselves on is keeping up to date with pricing around the factoring market so that we can find the best rates for our clients....
In a recent example, we were able to find a c. 41% projected cost saving for a prospect on the fees that they were already paying - this equates to a substantial annual cost saving for the company....
This particular example involved a company that supplied equipment to other companies, and they were already using a bank-owned factoring company to provide recourse factoring. Recourse factoring...
Our research suggests that invoice finance users that are with independent factoring companies tend to give 45% higher customer satisfaction ratings than those that use bank-owned providers....
In this particular case, we spoke to some providers in the independent sector and managed to find them a "like for like" quote that would equate to a saving of approximately 41% of their total...
Furthermore, we also found them a quote for a non-recourse factoring facility. This is the factoring that they already have, but with the addition of bad debt protection. This can give added peace of...
On this basis, one would expect the costs to be slightly higher, the "BDP" or "Bad Debt Protection element" of the fees is often an additional premium, over and above a standard recourse quote....
These cost savings will not necessarily be identified if you were to randomly select providers to quote. Our previous research has identified as much as a 165% differential between the most expensive...
http://www.fundinvoice.co.uk/blog/pricing/post/41-percent-cost-saving-recourse-factoring.html - Is Bad Debt Protection Included In Your Invoice Finance Quote
Leading on from my previous post about explaining how to compare invoice finance quotes, and how customers often focus on minor components of the overall cost - rather than those that really make the...
The answer is that it depends on the provider....
Some invoice finance companies include bad debt protection with all facilities and with others it is an optional additional service. The same applies to way that the charges are set out. In most...
For more information about how charges are structured see our related article: Invoice Finance Costs....
In some cases the bad debt protection element is included within the stated service charge, other providers separate that element out so that it is a separate percentage value. An issue can occur...
Firstly it is a problem as no one wants to be paying for something they may not want, but it also creates an issue when comparing quotes from different providers. If you have one quote with the BDP...
It is vitally important to understand what type of facility your provider is offering, and if there is BDP, is the fee included within the overall service charge....
You could ask your provider the following questions:...
You should also note that different terminology is used by different providers. Some call non recourse facilities "protected" e.g. protected invoice discounting or PID. Others will call it "non...
Product Information: What is Bad Debt Protection?...
http://www.fundinvoice.co.uk/blog/pricing/post/bad-debt-protection-included-in-invoice-finance-quote.html - Business Financing Rates
Understanding and leveraging the right financing options is critical to success for many UK companies....
Business financing rates in the UK vary widely, and making informed decisions requires a comprehensive grasp of these options....
This article aims to provide an insightful guide into the world of business financing rates, tailored for UK-based companies....
COMPARE RATES NOW...
In the UK, businesses have access to a variety of financing options, each with its unique rates and terms. These include traditional bank loans (and commercial business loans), invoice financing,...
The choice depends on the company's financial health, the purpose of funding, and how quickly the funds are needed....
For an in-depth understanding of invoice finance costs, this detailed pricing overview offers valuable insights....
Invoice financing, a popular choice among UK businesses, allows companies to borrow against their unpaid invoices. It's a flexible solution that improves cash flow and offers rapid access to...
The cost typically involves a percentage of the invoice value and varies based on the provider and the specific terms of the agreement....
For a comprehensive understanding of how pricing works in factoring and invoice discounting, refer to this informative article that has links to pages that set out estimates of the typical costs...
Asset-based finance is another significant option, where businesses can secure financing against their assets. This type of financing is particularly useful for companies with substantial physical...
Explore more about asset-based finance and invoice finance through this page about ABL....
In a bid to attract more businesses, many finance providers offer special deals and competitive rates. Keeping an eye on these offers can significantly reduce the cost of financing....
Check out current special offers in business financing here....
Before deciding on a financing option, conducting a thorough price check is crucial. This helps in understanding the market rates and finding the most cost-effective solution....
For a free business financing price check, please use our quote search service without any obligation to proceed....
Choosing the right business financing option at competitive rates is a vital decision for any company. By understanding the various options and their costs, UK-based businesses can make informed...
The rates for invoice financing vary based on several factors, including the size of the invoices, the creditworthiness of the clients, and the terms of the financing agreement....
The best way to understand the pricing is to get quotes that are tailored to your particular business and circumstances. However, the information on pricing above gives some estimates of typical...
Asset-based financing is secured against company assets, offering potentially higher loan amounts and different rate structures than unsecured traditional loans. This can be more easily available...
It’s crucial to read the fine print, as some financing options may have additional fees like additional charges or penalties for early repayment. Ask any potential funder for their tariff of...
Comparing offers from multiple providers and conducting a thorough price check are effective ways to find the best rates....
Business finance brokers, like FundInvoice LLP, can help you do this. A track record of saving customers money against quotes sourced elsewhere means that you can often save money using such...
Yes, depending on your business’s financial health and relationship with the provider, there may be room for negotiation. Many funders will have a pricing policy or formula but there is...
http://www.fundinvoice.co.uk/blog/pricing/post/business-financing-rates.html - Can Factoring Be Free
Can factoring be free?...
Most people who sell to other businesses have to offer some form of trade credit terms. This is typically 30 days in the UK, but it does vary between sectors. This means that if you do a job or...
This can create a cash flow problem as you often have to pay for raw materials, purchase products or pay staff and expenses before you get paid by your customers. We call that the "credit gap". When...
Debt factoring is a financial service for companies whereby you don't have to wait for your customers to pay your sales invoices, it bridges that credit gap. You receive a prepayment against the...
Read more about: How To Work Out How Much Finance Is Required...
However, the factoring company also provides a credit control service. The quality of this service will vary between providers. It can range from a fully comprehensive service, which means you...
We built a model (it's a bit old now so you may want to update the values) that allows you to plug in the figures for your organisation to see what the net benefits (or costs) of factoring would...
Why not get an instant quote for factoring and put that cost into the model to see how much you could save, and find out if you could even offset all the costs of factoring so that it becomes free....
http://www.fundinvoice.co.uk/blog/pricing/post/can-factoring-be-free.html - Cheaper Alternatives To Invoice Discounting
If you are looking for cheaper alternatives to invoice discounting, we have a few options below....
For support please call Sean on: 03330 113622....
First, let's start by explaining invoice discounting and how it works. Invoice discounting is a business financing service for companies that sell to other businesses, on credit terms. It can...
Invoice discounting bridges the cash flow gap by releasing prepayments against your unpaid invoices (or applications for payment in the construction sector). This will typically be c. 85% of the...
Below we explain some of the alternatives to invoice discounting, that may be cheaper. You will need to get quotations for your particular situation in order to be sure about how the cost will...
The cheapest option is of course not to borrow anything, but the cash flow gap is often the issue. You may think, OK well I can use my personal funds - but how much is that going to cost? If you are...
The price of all invoice discounting (ID) facilities is not the same. We did a study of the pricing of a number of providers of confidential invoice discounting, and we found an 86% cost differential...
Have you considered disclosed ID (DID) instead of confidential ID (CID)? Some providers charge a premium for confidential facilities, as they present them with additional risk (the debtors are...
Have you considered a selective service? If you use selective invoice discounting, you only get funding against invoices you choose rather than all your sales. In some circumstances, this can help...
Have you looked into factoring? The difference with a factoring facility is that you get a credit control service, in addition to the prepayments. Now you might expect this to be more expensive,...
http://www.fundinvoice.co.uk/blog/pricing/post/cheaper-alternatives-to-invoice-discounting.html - Check Your Invoice Finance Factoring Rates Against Optimum Finance
You can check your invoice finance or factoring rates against those that would be offered by Optimum Finance in less than a minute. You can do this completely online, without needing to speak to...
All you have to do to check the rates that Optimum would offer is use their simple app to get an instant quote. It only requires a few pieces of information about your company, and they won't...
They are an independent receivables financing provider who offers both prepayments against sales invoices and a comprehensive credit control service if you wish to have help collecting your sales...
It is all explained in my previous blog post about Optimum Finance, and you will find that their app is embedded into that post that....
It will allow you to get a quote to have your invoices funded or for factoring (funding against invoices with the addition of a credit control service)....
You only have to answer 8 simple questions about your business, and none of them are difficult or particularly sensitive data. There is no need to enter anything like bank details, or personal...
If you are new to invoice financing you can use the app to get an instant quote and see exactly what Optimum Finance would charge you. If you already use a receivables financing facility, you could...
If you are looking to check the prices across the whole UK market, please contact FundInvoice....
http://www.fundinvoice.co.uk/blog/pricing/post/check-invoice-finance-factoring-rates-optimum-finance.html - Cut Price Invoice Finance
Cut-price invoice finance deals are available depending on your requirements....
GET A FINANCE QUOTE...
If you are looking for a stripped-down facility, with no bells and whistles - just the funding - there are "funding only" invoice discounting options that will provide that. Prices swing between the...
If you are looking to cut the price of your existing quote or an existing facility that you are already using, we can also help with that. Our independent invoice finance quote search has been able...
That means if you already have a price, we can work out the likely combined annual cost of the service charge and discount charge to determine the total likely cost per annum. We will then seek...
If you are using or looking to use factoring (funding plus a credit control service), there will still be big swings between the top and bottom of the prices quoted. In addition, the service provided...
Again, we can help you understand the difference between service levels, and we have seen 165% factoring price swings between the top and bottom of the pricing scale for the same factoring client. We...
* NOTE: Average savings updated post-publication: ...
http://www.fundinvoice.co.uk/blog/pricing/post/cut-price-invoice-finance.html - Why You Should Not Just Compare Invoice Discounting Pricing Percentages
Often, we speak to customers who are comparing various offers for invoice discounting, and their key measure for comparison is the headline administration (often wrongly referred to as service...
With an offer for invoice finance, you normally are quoted a service fee (or administration fee for invoice discounting), a discount charge (similar to interest), and then there may be a tariff of...
Our pricing research looked at the costings of a range of confidential invoice discounting providers for a standard customer. We found that of the total fees quoted (we excluded any additional extras...
Therefore, it is also critically important to compare discount fees, as they will influence the overall pricing. This is especially important when you consider that discount margins varied by 74%, on...
See our related article about: Finding The Cheapest Invoice Finance Options....
We found that a small number of invoice discounters set their minimum monthly administration charge at a level where it would be expected to bite every month, based on our client's projected...
So, if you are trying to compare charges between invoice discounters, our advice is to look beyond the headline rates and take into account all aspects of the overall price. This is, of course,...
http://www.fundinvoice.co.uk/blog/pricing/post/do-not-compare-invoice-discounting-pricing-percentages.html - Do You Need Non Recourse Bad Debt Protection?
Bad debt protection, also known as non-recourse, is a great product for many receivables financing users, protecting them against the possibility of taking customer bad debts. It is often seen as the...
At the moment particularly, with so much economic uncertainty, it can be very important for some businesses, however maybe not in all cases....
There are sometimes situations where non recourse bad debt protection is not the most cost-effective option for a particular type of business. We were recently able to assist such a company, who...
The business were already using a non-recourse factoring facility i.e. with added bad debt protection, but they had never made a claim against their debtor protection. The key reason for this was...
In such situations, where a company is dealing with a large number of different debtors, the failure of any single debtor to pay may not present a significant risk to the overall business....
Often it is cases where there are prime debtors, and significant concentrations of debt into particular debtors, where bad debt protection can provide the greatest degree of reassurance....
In this particular case, as they had never made a claim, and their sales that she was so well spread that no single customer was likely to significantly impact their own business if they failed to...
We were able to find them a recourse factoring facility that replace their non-recourse facility, and this delivered a substantial annual cost saving....
In addition to this, as part of the process of replacing their existing facility, we introduced them to a provider that was able to release additional funding from the sales ledger, over and above...
This example goes to show that bad debt protection, whilst an excellent product, is not always the most suitable option for every business....
http://www.fundinvoice.co.uk/blog/pricing/post/do-you-need-non-recourse-bad-debt-protection.html - How We Found A Cheap Factoring Quote Less Than 2K A Year
We have just found a really cheap factoring quote for a prospect that is worthy of sharing, at less than £2K per annum - all-inclusive....
The small micro business has a low level of annual turnover, hence, they are very price conscious. They want to factor all their invoices, so it is a whole turnover facility....
Factoring will provide them with both funding against their sales ledger and a credit control service to collect their outstanding invoices....
We have managed to find them a cheap factoring quote costing £161.34 (+ VAT applicable to some of the charges) per month....
That is a total annual cost of just £1,936 (+ VAT as above)....
This price includes a free CHAPS transfer every week, access to the funder's online system and the discount charge is also included - so it is a fully inclusive factoring quote often called a...
See our related article: How To Find The Cheapest Invoice Finance Options....
This is a very low price, partly reflecting that the prospect is a micro company - but it shows that some very low fees can be achieved if you know where to look...
GET A QUOTE: Please call Sean on 03330 113622 to see the cheapest factoring price we can find for your company....
If you are familiar with our research regarding pricing within the invoice finance sector, you will be aware that, typically, fees start at several thousand a year for a single fee factoring deal for...
Also, if the idea of a fully inclusive arrangement doesn't appeal to you, there are plenty of selective receivables financing companies that will allow you to access funding against individual...
http://www.fundinvoice.co.uk/blog/pricing/post/find-a-cheap-factoring-quote.html - Finding The Cheapest Invoice Finance Options
In this article, we’ll show you how to find the cheapest invoice finance options and explain why price alone shouldn't be your only deciding factor....
CHECK FOR THE CHEAPEST QUOTE...
Firstly, we should point out that choosing any form of business funding based on the cheapest cost alone might not be the wisest option (see below for more on why)....
Assuming that you have taken into account all the other factors that might affect which provider to choose, the remainder of this post will focus on how to find the cheapest options....
See our product page for general information about invoice finance....
How the costs work is covered extensively in our guide to invoice finance costs which includes examples of typical pricing. This will explain how pricing is structured for these products....
Once you have more than one quote you need to make a uniform comparison between those quotes to understand the relative cost. We have produced a price comparison tool that will enable you to make...
Ok, so having covered understanding the costs and how to compare them, what is it that makes an invoice finance quote cheap?...
These points illustrate that there is not a simple single measure that determines which is the cheapest quote. Typically, a user will need to look at multiple facets to reach a judgment on how cheap...
Returning to the point about hidden charges, these are a few fees to watch out for:...
For more about the terms see our article about Understanding Your Factoring Agreement....
Some elements of product structure can affect costs:...
See our full Invoice Finance Guide for more product information....
There are over 100 invoice finance companies in the UK. They all take a slightly different approach to pricing so there will be variations between providers. You will need to shop around or use a...
There are a number of aspects of your decision-making that mean that the cheapest isn't always the best. When seeking budget-friendly invoice finance consider:...
Typically, the lower the risk and the workload the lower the rates quoted....
Providers often reserve the lowest rates for businesses with strong customer bases, low debtor days, and a clean credit history. Industries with predictable payments (like recruitment or...
These are case studies where we have found clients cheap pricing saving them significant amounts of money:...
FundInvoice has a great track record of finding savings. Read about the average cost savings we found for invoice financing clients....
In some cases, alternative business finance or selective invoice finance might be cheaper for short-term or one-off needs. It can be worth exploring every option....
These are a few tips to help you secure the cheapest finance:...
To summarise, to find the cheapest invoice finance options consider:...
Call FundInvoice on 03330 113622 if you need help finding the cheapest invoice finance options for your company....
http://www.fundinvoice.co.uk/blog/pricing/post/finding-the-cheapest-invoice-finance-options.html - How Do You Calculate Service Charge
If you are looking to find out exactly how do you calculate service charge fees I shall set out the answer below, in some detail....
Service charge is part of the fees that will be levied by your invoice finance company. For more information about charging please see our: Invoice Finance Guide....
Service charge is the fee that covers the provision of the facility and any services that are included, it is normally subject to VAT. In the case of invoice discounting, it is referred to as an...
The rate at which the fees are set will vary between providers. We recommend that customers check their fee structure against the market on an annual basis....
I should mention that there are some service charge calculation differences in the way that different funders operate. There are a few different approaches to pricing a facility:...
Assuming that you are subject to a traditional pricing structure, you will normally be quoted a percentage service fee e.g. 1%. This means that you will be charged 1% of the value of the turnover...
So if you submit an invoice for £10,000, a 1% service charge would result in a fee of £100 (+ VAT if applicable)....
Bear in mind that some invoice finance companies will include a minimum fee. This could be a minimum per month, per quarter or even per transaction. So if you had a monthly minimum fee of £120...
http://www.fundinvoice.co.uk/blog/pricing/post/how-do-you-calculate-service-charge.html - How Does Pricing Work For Factoring And Invoice Discounting
Pricing for factoring and invoice discounting will vary between different providers, and depending upon the exact type of invoice finance product that you are taking out. That means both the amount...
GET A QUOTE...
We often come across prospects comparing prices between services that are not equivalent, that is a mistake. If you are a prospective user you need to understand the type of services that you are...
The other factor is that providers sometimes package their pricing so that the headline rate appears low, there may be other charges that are not so obvious which can lead to comparing a fully...
If you want to understand how pricing works for factoring and invoice discounting, the first thing to appreciate is that there is not a single universal pricing model used across the sector....
Most costing formulas will use similar types of information such as:...
Please read our article that explains the components of typical receivables finance pricing, and it also has links to pages that give some illustrative price examples....
We have undertaken a lot of pricing-related research studies, comparing the fees between different providers and different facility types. Parts of that research are published on our website for you...
Please see our article: Average Cost Savings Found For Customers and our YouTube video: Explaining Pricing....
* NOTE: Average savings updated post-publication: ...
http://www.fundinvoice.co.uk/blog/pricing/post/how-does-pricing-work-factoring-invoice-discounting.html - How Invoice Finance Broker Commissions Work
Misunderstandings about pricing are commonplace and this is another incident worth sharing that occurred with a car body repairer to whom we were speaking....
SEE HOW MUCH WE CAN SAVE YOU...
Car body shops that invoice insurers for crash repairs are highly suited to factoring, the nature of the paper trail for each transaction means that the funders, though specialists, can offer very...
We spoke to a car body repairer who had been looking at our website and had seen that as brokers we receive a commission from the invoice finance company. The commission is paid by the funder, NOT...
We make this clear on our site to provide transparency. In some cases, the commission is only paid in respect of the service charge element of the fees, so that can be a bigger percentage of just...
In this particular case, the repairer opened the conversation with "I'm not paying you 15%", having incorrectly assumed that we would be receiving 15% of their invoice values as a commission...
It is also worth noting that in many cases the fee offered to a customer by a lender is not reduced if they go directly to the lender, and even in cases where the commission is added to the fee...
* NOTE - Average savings updated post-publication: ...
http://www.fundinvoice.co.uk/blog/pricing/post/how-invoice-finance-broker-commissions-work.html - How To Calculate Discount Charge Fees
How to calculate discount charge fees can be one of the most complicated parts of using a factoring, invoice finance or invoice discounting facility. Below we explain exactly how these charges work...
The discount fee may be just one part of the pricing structure of your facility. Typically, there will be a service charge, discount fee and other charges. These are explained in our article: How...
With some types of pricing, there may not be a separate discount element, this is called "single fee" pricing....
This article just explains how the discount element works, if it is present....
You can see which charges are applicable, and what they are, on your offer letter or facility agreement....
Discount charge (DC) is technically not interest, although the calculations are very similar. The discount is charged in respect of the amount of funds that are outstanding at any given time....
Most funders work by charging for the number of days that funds are in use. So every day DC will accrue in respect of the balance outstanding - this is often called the "current account", or "funds...
The DC is made up of two elements, the base and the margin. The base is normally the base rate (BR - from a specified bank - typically the one used by the funder) and the discount margin (DM). So the...
BEWARE: some funders use a minimum base rate. If that minimum was set at say 4%, even if the base rate drops to 0.1% (as it was not so long ago), you still pay 4% (plus the DM)! Most funders do not...
DC works the same for all types of invoice finance facilities....
To calculate the discount charge use the following formula (remember to adjust for any minimum base rate):...
The division by 365 days will be adjusted for leap years but please note that some funders use different divisors e.g. 360 days. This will marginally increase the discount charged. The "number of...
To describe that calculation, you are adding together the discount margin plus base rate percentages, and multiplying the funds in use by that percentage. This gives you the amount of discount...
This is a worked example using FIU of £100,000, DM of 2.5%, BR of 5.25%, outstanding for 30 days:...
The calculation is standard across funders, although different values will be used:...
We are always happy to help you check and calculate the discount charge from your statements of account, call us on 03330 113622 for support....
http://www.fundinvoice.co.uk/blog/pricing/post/how-to-calculate-discount-charge-fees.html - Invoice Discounting Fees
Invoice discounting fees can be very different across the marketplace. Below we take a look at how prices vary between invoice discounting (ID) companies and how to avoid hidden fees....
The charges for ID can be broken down into three types (note that they can be combined or operate differently in some cases):...
There is a more detailed explanation of invoice finance costs that you should see. It explains how not all facilities work in the same way....
If you are looking for examples of the fees that you might pay for invoice discounting, we have covered that with some examples of charges. The charges tend to change according to the size of your...
We are constantly checking prices for clients, and we have conducted extensive pricing research. You should be aware that in one comparison for a client, we found an 86% pricing difference between...
It can also be the case that not all facilities are similar, You might find that the invoice discounter offering the lowest price doesn't offer as much funding. These additional factors may also...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-discounting-fees.html - Invoice Discounting Minimum Monthly Fees Charges Compared
I have been asked to clarify if minimum annual fees are still charged monthly, and how many providers offer a flat fee structure (as opposed to charging a percentage of turnover). The answer is that...
Regarding flat fee structures, approximately 20% of providers offer that kind of arrangement, whereby the client pays a set monthly fee, instead of a percentage of turnover, although these flat or...
This prompted me to look at some of the minimums we have been quoted recently in respect of a confidential invoice discounting client....
It is common practice for invoice discounting companies to include a minimum monthly fee in their offer, although some will offer without quoting minimums. The purpose of this practice is to ensure...
So if you discounted say £10,000 of invoicing, with an administration charge (often wrongly referred to as service charge - which is the correct term for factoring facilities) of say 0.6%, you...
So over the year, the discounter might expect to charge £6,000 of administration charges. However, if that business falls way below the projected turnover the income to the discounter would be...
When we sourced quotes for an invoice discounting client recently, we were able to compare the discounter's approaches to set their minimum charges....
The results were quite interesting - and demonstrate that you need to compare approaches and choose wisely, to avoid high charges....
A small number of discounters quoted a minimum monthly fee that would EXCEED the fee expected to be earned (administration fee percentage x projected annual turnover)....
This means that if the client achieved their projected annual turnover, they would still be subjected to monthly minimum charges. The range of these minimums was between 105% and 111% of the...
On average the minimum was set at 86% of the fee expected, according to the client's projections. Removing the small number where the minimum exceeded the projected fee, the average was reduced...
The range of the minimums quoted (excluding those that exceeded the projection) was between 60% and 94% of the projected charge. So there are large differences between providers that could make a big...
That is a huge difference of over £28K per month of tolerance in the level of monthly turnover required to avoid incurring minimum fees....
It should also be considered that you might have the odd month when turnover falls short of your projections, so ensuring that you have the greatest tolerance possible in any minimum is likely to be...
Similarly, if you are a seasonal business, you may find that your turnover peaks and troughs throughout the year. Once again, the greatest flexibility in any minimums could be very helpful, as could...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-discounting-minimum-monthly-fees.html - Invoice Discounting Rates
Invoice discounting rates are not uniform across all providers. Therefore, it is important to search the market for quotes before you commit to any single invoice discounting company....
CHECK THE RATES FOR YOUR COMPANY...
Research we have conducted into pricing found an 86% rate difference between the most expensive and the cheapest invoice discounting companies. This could make a significant difference to the amount...
Typically, invoice discounting is charged via three types of fees:...
In some cases, the fees can be rolled into one "single fee" for simplicity. However, beware as this often comes at a premium over the segmented pricing model described above....
We have put together, and regularly update, a list of typical pricing for invoice discounting. It is based on the approximate size of the business. In practice, you need to get a quote for your...
Prices can also be affected by the sector within which you trade, the nature of your debtors and your financial position. The nature of the product that you require will also be a factor in setting...
Again, we have conducted some research into how the overall fees can be broken down into their component parts (we ignored "other fees" for this study). We found that admin fees accounted for 59% of...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-discounting-rates.html - Invoice Discounting Service Charge Average Percentage
Invoice discounting service charge is often the term people use when referring to the "administration charge" made for invoice discounting services. It is the percentage of your turnover that you pay...
GET A QUOTE WITHOUT OBLIGATION (and no impact on your credit score)....
Read about how the costs are made up and what typical costs will be....
To compare the fees between providers quoted for the same customer situation, we estimated the facility usage and used that to calculate estimated fees for our prospective customer. We used the same...
A service charge, or admin fee, is the "headline rate" that many people use to compare different invoice discounting offers, often ignoring the other charges that can form a large percentage of the...
We have undertaken a lot of research comparing prices between different invoice discounters, and we identified an 86% difference between the cheapest invoice discounting companies and the most...
Looking at those results, I have identified the percentage of the charges quoted that were service charges rather than discount charges (any other additional fees were ignored for this comparison)....
For normal, recourse-style confidential invoice discounting, the service charge represented 59% of the total fees quoted by the provider. Across the quotes that we obtained for a given customer, the...
Looking at the quotes received for non-recourse style, protected invoice discounting (also called PID), the service charge accounted for 69% of the total fees quoted, with the range being from 59% to...
We often see examples of customers comparing quotes based on either just service charges (admin fees) or discount charges - which works similarly to interest, hence, people are often drawn to...
The wide ranges within the results show that failing to consider one or other elements could result in a completely misleading comparison of the fees between providers. My recent post about another...
The way that invoice finance prices are calculated is confusing, and we are always available to help you understand the quotes you have received and get you the best prices that we can find you. On...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-discounting-service-charge.html - Invoice Finance Price Quotes And Product Information
Invoice finance price is explained in depth in this post. It covers:...
If you are looking to get some quotes, please use our search tool:...
GET QUOTES...
We have also published a broader explanation of invoice financing, which will give you general information about how these products work and their benefits....
For more detailed product information, please see our free guide to receivables finance....
The way that invoice finance companies charge for their services is not consistent across all the various providers. There are variations in both the structure of the charges and the level at which...
There are four different approaches that you may come across. They are as follows:...
The traditional approach to pricing and invoice finance facility is to have three different types of fees:...
The first is the service charge, which is typically a percentage of turnover. The second is a discount charge, which is a percentage over the base rate, charged against the funds in use. The third...
Some providers offer the option of rolling all these charges into one. The fee is charged as a flat percentage of turnover, without a separate discount charge or other fees (in some cases, there may...
The benefit of this approach is that it makes the charges very predictable. However, providers do tend to charge a premium over the traditional model of pricing in order to offer this type of...
See our related article: Bundled Fees for Invoice Finance....
Flat fee pricing is similar to a single fee, but the charges are a fixed amount, normally levied each month. This may also be used in conjunction with discount fees and other charges so that a...
A flat fee approach can make the charges even more predictable in that they are no longer linked to the volume of turnover that you transact. With a typical pricing approach, where a percentage of...
Some providers, notably in the selective invoice finance sector, only charge a discount fee on the funds in use. There is no service charge as such. At first, you may imagine that this is going to be...
If you are paying a discount charge only, the facility works as follows. You submit the invoices for funding, the funding is provided, and the discount fee starts to accrue on a daily basis. In order...
The calculation of your costs will change in line with which of the 4 approaches your funder is using. I have written a general overview of how you calculate the costs, and I have also written 2 more...
In addition to the basic service charge and discount charge described above, many financiers have a tariff of additional charges that are levied based on events, e.g., if you request an overpayment....
This is a list of common additional charges - NOTE that not all providers charge all of them (or even any of them), and some only apply to specific product types:...
Although the list may seem long, remember that in some cases, all the fees are rolled up into a single charge, or these charges may not be relevant to every type of facility. We can help you avoid...
When you are looking at the possibility of using these types of services, it may be tempting to look for prices quoted to similar businesses as an example of what it is likely to cost your company....
One of the companies on our panel of finance companies offers an app-based receivables finance online quotation service that only requires the answer to 8 simple questions. The app returns a funding...
Please note that it may not be the cheapest quote available in every case. If you are seeking rock-bottom costing, a firm of brokers will be able to conduct a marketwide search for you to be able to...
The size of your business and the type of service that you require are the key components of cost. Workload and risk factors will also be taken into account, but we have some examples of typical...
Construction finance and selective invoice finance can both be priced differently. Our free construction finance guidebook includes links to examples of quotes for the service. We also have a...
We have undertaken a lot of receivables finance pricing research, which has identified the scale of the differences in the funder's approach to costing. These are some of the major differences...
You will find that prices differ between providers and between different products. We have sourced quotes for customers from all over the sector, and our research shows there are some big swings in...
See our related article: Finding The Cheapest Invoice Financing Options....
There are other factors that influence cost, such as the funder's approach to minimum fees. These can be a fraction of the anticipated annual charges, or they can be set to more than the...
We hope that this article has given you some appreciation of the issues that affect invoice finance prices....
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-finance-price.html - Invoice Finance Price Comparison Spreadsheet
Below, you can use our invoice finance price comparison spreadsheet to compare the real cost of up to 5 different invoice finance quotes....
The spreadsheet lets you enter the details of up to five quotes and compare the total annual cost....
This is the link to use our: Invoice Finance Price Comparison Spreadsheet....
If you need us to gather quotes for you please use the button below to request quotes:...
COMPARE QUOTES NOW...
For general pricing information see our guidance: How Invoice Finance Pricing Works....
When you're trying to find the best invoice finance solution for your business, comparing pricing and service options is crucial. To help you make an informed decision, we’ve developed an...
The tool focuses only on the pricing aspect of the facility. To make a balanced decision you also need to compare other aspects such as the amount of funding released, the service and reputation of...
Every invoice finance provider has its own pricing structure, and understanding the costs associated with each one can be complex. Using an invoice finance pricing comparison spreadsheet offers...
Our invoice finance comparison spreadsheet includes all the essential details to help you assess each provider. Key features include:...
Prepayments: The prepayment percentage against your sales ledger value is used to estimate the amount of discount fees you are likely to pay....
Service Fees: The ongoing charges for managing your account and invoices are calculated using either a percentage charge or a flat fee....
Discount Rate: The discount fees applied to the funds advanced to you are calculated against your likely usage levels if you fully draw your facility....
Additional Fees: Some additional fees, like arrangement fees and review fees, are accounted for. However, the model does not account for other ancillary charges....
Other Terms & Conditions: The model only compares pricing, so you need to evaluate any other terms and conditions or speak to a broker for support....
Enter the components of each quote that you have received (up to 5 can be compared at once) and some base values such as turnover, sales ledger value and bank base rate. The model then uses that data...
Compare Key Metrics: Use the spreadsheet to evaluate the various fees quoted by each provider. This will allow you to see at a glance which provider offers the most competitive rates....
Make an Informed Choice: Once you've compared the options, you can choose the provider that aligns best with your business goals in terms of cost. You will need to consider other factors in...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-finance-price-comparison-spreadsheet.html - Video Explaining Invoice Finance Pricing
I have just posted the latest of a number of short videos on YouTube relating to invoice finance. This particular video focuses on invoice finance pricing. It's only 30 seconds long so it...
Specifically it focuses on explaining pricing and highlights some of the huge differentials in price between different providers. We have discovered these through our research programme, and in the...
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Please watch the "30 second explainer video" below, feel free to comment and like it on YouTube:...
The video references our Invoice Finance Pricing Research, which you can read via the link. That summary also has further links to pages that explain how prices are structured, and examples of prices...
If you would like more general information about products such as factoring and invoice discounting, please see our Free Guide To Receivables Financing. It explains how these services can provide a...
The funding bridges that gap, allowing you to continue to extend credit terms, but having a cash flow that is closer to a business trading on cash terms. You can use this money for any purpose...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-finance-pricing-explanation-video.html - Invoice Finance Without A Minimum Base Rate
Watch out for invoice finance offers that include a minimum base rate....
We have just come across another example of a client having been offered an invoice finance quote (from elsewhere) with a minimum base rate written into the agreement. Most invoice finance companies...
Below I will explain the issue and the amount of extra cost that you could incur as a result....
There are normally three components to invoice finance charges:...
For more about how invoice finance charges work, see our detailed article....
The discount charge element is normally made up of a margin charged over either base rate or LIBOR. The rate will depend upon the size of your business, risk factors and the amount that you are...
Most funders work out that daily rate to apply the discount charge (Note: not all work in the same way). For example:...
If you have an invoice finance facility with a minimum base rate, you pay that minimum even if base rate falls below that level. For example, in the case mentioned above, the minimum base rate was...
In the worked example above, it would mean the following:...
So in a year, you would end up paying £1,150 extra (in the example above) if your agreement had that minimum base rate provision included, when compared with a facility with no minimum base...
http://www.fundinvoice.co.uk/blog/pricing/post/invoice-finance-without-a-minimum-base-rate.html - Is Invoice Finance Expensive
Is invoice finance expensive?...
The answer to the question is that it doesn’t have to be. However, if you choose the wrong provider, you could end up paying more than you need to....
Our research has shown that overall pricing for, as an example, a factoring facility can vary by 165% from the cheapest quote to the most expensive. We also saw an 86% differential between the top...
However, there are many different types of facilities and the fees can be structured in a number of different ways....
See our related article: Finding The Cheapest Invoice Finance Options....
With a selective invoice finance facility, you pick and choose the invoices that you wish to have funded. Normally, there are no minimums requiring them to finance a particular volume of turnover....
We have examples of live clients that are paying very little for their selective factoring facilities. One of our clients paid their funder approximately £1 last month in fees for the invoices...
There are also very cheap, all-inclusive deals available. For example, small factoring arrangements can be put in place on a whole turnover basis, such that you are receiving funding against all your...
This is a very cheap way of funding your business, and it also gives rise to a very predictable fee structure, so you know exactly what you’re going to be paying each month....
As with so many services, there are discounts to be had for larger companies that are transacting a larger volume of turnover. Many of the funders are keen to attract this kind of business, and so...
Please call Sean on 03330 113622 to discuss your circumstances and find out how cheaply we could find a funding facility for your company....
http://www.fundinvoice.co.uk/blog/pricing/post/is-invoice-finance-expensive.html - Is Your Invoice Finance Company Overcharging
Is your invoice finance company overcharging?...
Generally speaking, companies using invoice financing are very happy (98% would recommend their provider, according to our poll). However, it does happen that clients become very unhappy as they...
There are a few different aspects to how you can be overcharged:...
Whatever the situation, the first step is to understand invoice finance pricing and how it works. That link will take you to an article that sets out exactly how it is structured. Then speak to your...
To summarise pricing, there is normally a service charge, discount charge and other charges. These should be specified in your agreement, however, the "other charges" may be quoted in a separate...
This is very rare, but we have come across examples in the past. In many cases it may be a simple error rather than something sinister, occasionally incorrect fees are entered into a client's...
Again this is rare but has occurred. We have had prospects that did not understand (or were not told?) exactly how the charges would work, and this can be a cause of disagreement with the funder....
If your funder is a member of UK Finance they will also be bound by the Invoice Finance and Asset Based Lending (IFABL) Standards Framework will also apply, which demands that all clients are treated...
This is very common as all invoice finance companies take a different approach to pricing, on average we have been able to save clients substantial amounts of the fees quoted elsewhere. Our pricing...
See also: Check My Invoice Finance Pricing...
http://www.fundinvoice.co.uk/blog/pricing/post/is-your-invoice-finance-company-overcharging.html - 41% Cost Saving On Invoice Finance
You may be forgiven for thinking that any existing users of invoice finance will have moved providers, and will be benefiting from the lowest prices that are on the market, but that is clearly not...
They spoke to us regarding an existing invoice financing facility, that was being provided by a bank owned invoice finance company. Now normally, you might expect that the banks will offer very fine...
We conducted an invoice finance quote search for them, and we managed to find them an alternative facility which was priced to save approximately 41% of the overall annual cost of their existing...
It is also true that the cost savings can increase if you are going through a period of high business growth. The reason is that most pricing tends to be linked to the volume of turnover that is...
Discount charge (similar to interest) also tends to be a percentage of the funds in use, hence it will also increase as the business volumes transacted increase i.e. as you raise more invoices, you...
http://www.fundinvoice.co.uk/blog/pricing/post/overall-41-percent-invoice-finance-cost-saving.html - Service Charge 67 Percent Of Overall Recourse Factoring Fees
After recently reviewing the result of our confidential invoice discounting (CID) pricing research, I looked back at our recourse factoring pricing study, which was completed about a year previously....
The results were similar in that they showed a wide range of pricing differentials between the top and bottom ends of the market; in fact, the range was a staggering 165% between the cheapest and...
Looking below the headline differences, I calculated the proportion of the overall charges that the service charge element represented. These calculations excluded any additional fees, such as for a...
On average, the service charge within these recourse factoring quotes accounted for 67% of the overall charges. This is somewhat more than the equivalent percentage when examining confidential...
With CID, the admin fee (the equivalent of a service charge) is attributed to the administration and risk management of the facility. It could be argued that 59% of overall fees being attributed to...
We also looked at the proportion of the overall fees made up of service charges across the range of prices that we received within the recourse factoring comparison. We found that the range was from...
http://www.fundinvoice.co.uk/blog/pricing/post/recourse-factoring-service-charge-percentage-overall-fees.html - Service Charge & Discount Charge Differences Between Invoice Discounting Companies
I recently reported the 86% differential between the cheapest and most expensive quotes that we received for a particular client situation. This difference was based on a comparison of the...
I thought it might be interesting to look in a bit more depth at the components of those costings, and how they vary between the different invoice discounting companies that quoted....
The two basic components of the overall cost in our example were administration/service charge (a percentage of turnover) and discount charge (similar to interest)....
The service charge (as it is commonly called - although Administration Charge is a far better term for invoice discounting) is the percentage of the value of turnover that is charged for providing...
In this particular case, we saw a variation between the cheapest and most expensive quotes of 150%....
That means that if you choose a provider at the bottom of the pricing table, you would pay 1.5 times more than the cheapest provider would charge, for exactly the same facility - a huge difference in...
The discount charge works in a similar way to interest on a loan. It is a percentage of the funds in use (charged in addition to either bank base rate or LIBOR)....
So if a company borrows say £100,000 at a discount margin or say 2.5% over base rate of say 0.75%, they will pay 3.25% (2.5 + 0.75) each year for those funds. Which would be £3,250 for...
We found that approximately 15% of the providers charged their discount margin over LIBOR, whereas the remainder used bank base rate....
The discount margins quoted (excluding base or LIBOR) varied by 74% between the cheapest and most expensive quotes....
Again a substantial difference, albeit less that the range for service charge. This means that you could pay 74% more discount margin to the most expensive provider, than to the cheapest....
Whilst there was a cheapest invoice discounting company that led the overall pricing table, it is worth noting that no single provider came out cheapest in respect of all aspects i.e. service charge,...
http://www.fundinvoice.co.uk/blog/pricing/post/service-charge-discount-charge-pricing-difference-between-invoice-discounting-companies.html - Example Of Single Debtor Invoice Finance Pricing Selling To An RPO
We have dealt with a number of recruitment companies selling to RPOs and neutral vendor customers and this is an example of a recent quote for a single debtor invoice finance deal, that we sourced...
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The client was turning over c. £500K per annum and only selling to an RPO debtor. The quote was for recourse factoring, which means they receive prepayments against invoices (in this case at...
The single debtor invoice finance quote we found was for recourse factoring with the following price:...
As an example, a £10,000 invoice raised to a customer, on say 30-day terms, would potentially release up to £9,000 of funding immediately. Assuming the customer pays after 30 days, that...
The approximate fees incurred would be as follows:...
See details of our: Pricing Research....
http://www.fundinvoice.co.uk/blog/pricing/post/single-debtor-invoice-finance-gri-price-example.html - Single Fee Invoice Finance
Single fee invoice finance (IF) is where the pricing for an invoice finance facility is structured such that there is only one fee percentage that the customer pays. This will typically be a...
The normal method of costing and IF arrangement is to charge two fees (plus additional charges, which may or may not be included within a single fee structure). Firstly, a service charge –...
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Secondly, there is normally a discount charge, which works in a similar way to interest on a loan. The discount charge is a percentage (called the margin), charged over some form of base rate, or...
The single fee charging structure looks to combine the service charge (sometimes called the "administration fee" or "admin charge") with the discount charge in order to arrive at a single fee system....
Whilst you may argue that this makes it very easy to work out what you are going to pay, there are some drawbacks to single-fee systems....
See our related content about Bundled Invoice Finance Fees....
It tends to be the case that there will be an additional margin added to a single fee arrangement in order to account for fluctuations in discount charges that will not be billed to the customer....
If you are looking for the cheapest possible quote, the traditional approach to quoting a service charge and discount charge is likely to be the cheapest option. If you want simplicity of calculation...
Single invoice funding is not related to the pricing approach. It is a type of product whereby you pick and choose invoices to get funded, and it can be costed in any of the ways mentioned above, as...
For further information about prices, please see the summary of our invoice funding pricing research....
http://www.fundinvoice.co.uk/blog/pricing/post/single-fee-invoice-finance.html - Summary Of Our Invoice Finance Pricing Research
This post pulls together all our research and information regarding invoice finance pricing and prices....
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We regularly check the average cost savings that we have found for our clients. Our latest benchmark was as follows:...
Our free receivables financing guide describes both how the products work and how the pricing is structured. It also sets out minimum costs for full turnover products and how you can have even lower...
This article explains how invoice financing costs are structured and has examples of different-sized companies factoring costs and invoice discounting costs....
If you are interested in understanding how finance companies arrive at both the funding levels they offer and the prices that they quote, read our article explaining how they calculate pricing and...
We have also published another piece with more detail about how funders construct their pricing formula....
We have also discussed the question: "Is accounts receivable financing expensive?"....
The article linked above also explains how factoring cost is structured and gives examples of typical fees. It also explains some of the cost comparison research that is detailed below....
We also have an article that discusses the optimum number of price quotes that you might seek if you are considering using a receivables financing service....
We offer a brokerage service that compares prices between different invoice finance companies. This is an example where we were able to find a 41% cost saving for one recourse factoring customer....
Most existing clients have not checked that they are receiving competitive rates. This led to a piece of research that confirmed that 76% of invoice finance users had not checked their pricing...
Where they do switch between providers, in 42% of cases, that is driven by a desire to make expenditure savings....
You can use our Invoice Finance Price Comparison Tool to make a comparison between the prices that you have been quoted....
Our study looked at what different discounters would quote for the same, average-sized client. In this case, we found an 86% swing between the top and bottom of the confidential invoice discounting...
We also took a deeper look at the components of that pricing, and this is another summary article about the differences....
In another article, we broke down the percentage of the overall cost that was the administration charge (sometimes wrongly called service charge) and set out the range of differences when you compare...
We went on to explain why you should not just compare headline percentages for admin fees (often wrongly called service charges). Our study found that both minimum fees were set to bite increasing...
This article explains the different approaches to minimum fees in greater depth....
Our cost comparison analysis also covered the PID, the protected invoice discounting product. The additional bad debt protection premium ranged from between 20% and 150% of the administration fee...
We looked specifically at recourse factoring prices and found that the most expensive quotes for a given client were 2.7 times higher than the cheapest invoice finance option. In another article, we...
We have an infographic that demonstrates this difference in factoring prices....
Our study also found that the headline service charge percentage, which everyone tends to use to compare quotes, only accounted for 67% of the overall costs - restating the importance of calculating...
There is an older study where we looked at pricing differentials (on an average deal) between different discounters and factors. However, this has now been updated with more recent studies that have...
Historically, in another older study, 68% of users told us that they thought that their receivables financing product was overpriced....
In another piece of research, we looked at how customer choices about the type of provider they want to deal with can drive pricing expectations....
We have put up an example of an actual cost that was sourced for a construction finance customer. This is where funding can be given against either sales invoices or applications for payment, which...
This is a pricing example that was obtained for a larger client seeking a selective facility, where you pick and choose the invoices to receive funding against....
We have also asked businesses about their preferences between full turnover and selective approaches. They appear to link a selective approach to achieving a cheaper price, regardless of whether or...
Another example of an actual quote found for a trade finance client....
In another article, we discuss the comparison between a loan product and factoring. The factoring product worked out considerably cheaper than the loan option, and there are many other benefits that...
Single-fee options have also come up frequently. At face value, customers often like the idea of a single predictable charge. However, in practice, these single fees are often loaded up to protect...
See also: Check My Invoice Finance Pricing....
http://www.fundinvoice.co.uk/blog/pricing/post/summary-of-our-invoice-finance-pricing-research.html - The Cheapest Invoice Finance Company
If you are looking for the cheapest invoice finance company, you may be surprised to know that there is no single company that answers this description....
The cost of an invoice finance facility depends upon a number of factors, and the cheapest provider for any particular circumstance varies according to those circumstances....
We have undertaken extensive research into the pricing of invoice finance companies for a variety of different types of facility, and we have found variations in who is the cheapest invoice finance...
This sets aside the fact that choosing according to the lowest price may not be the most sensible option. The service that you receive tends to be very important and is often something that is...
The cheapest provider also varies according to the type of facility that you are looking for, for example, factoring or invoice discounting, with or without bad debt protection. There are also...
Similarly, different providers will offer different pricing depending upon the risk profile of your business. It should also be mentioned that different types of facilities can be priced in different...
There are also plenty of examples of particular sectors that not all providers will handle, as they may take a different risk approach to funding your business. This can also be reflected in the...
The simplest approach is to request a market quote search from us for your particular set of circumstances, and we will find you the cheapest invoice finance company....
http://www.fundinvoice.co.uk/blog/pricing/post/the-cheapest-invoice-finance-company.html - The Price Of Delaying Moving Invoice Finance Companies
Considering an example of a cost saving that we have found for an invoice finance client, demonstrates just how great the cost can be of delaying moving between invoice finance companies. This...
SEE WHAT YOU COULD SAVE...
If you were to take a typical and factoring deal that we come across, that might be paying circa £10K per annum in fees (not that significantly cheaper facilities may be available). This is the...
Our prior track records suggest that we cancel expect to find them significant savings on prices quoted elsewhere*. That would equate to a saving of several thousand per annum. At that level, every...
Where those potential cost savings become even more dramatic, is in situations where a factoring user is paying significantly higher charges. We have had examples where we have been able to find...
In such situations, if they delay moving funders, it will be costing them several thousand pounds in additional fees that they don't need to pay, for each month that they delay. Often the...
If you are contemplating moving providers, to save money, or for any other reason - please see our free guide: Help Moving Invoice Finance Companies....
Note: *Average savings were updated post-publication: ...
http://www.fundinvoice.co.uk/blog/pricing/post/the-price-of-delaying-moving-invoice-finance-companies.html - Tips To Get The Best Invoice Finance Pricing.
Whether you already use invoice finance, or are looking at the products for the first time, you are likely to want to secure a facility at the best pricing that is available. We spend all day, every...
If are looking to get a good deal these are a few tips that might be helpful:...
http://www.fundinvoice.co.uk/blog/pricing/post/tips-to-get-the-best-invoice-finance-pricing.html - Typical Invoice Finance Price In The UK
If you are looking for the typical price for invoice finance in the UK, we have a number of examples of invoice finance prices and quotes on our website....
Whilst these will give you some idea of the typical cost associated with using factor and it was discounting, there are nuances in pricing that will apply specifically to your organisation. The best...
We will then be able to search the market for you and provide you with details of the cheapest quotes that we are able to find....
Whilst selecting the cheapest invoice finance option may appear to be a sensible strategy, it is not always the case that this approach will be in the best interests of your business. For example,...
For example, we have come across a number of situations where factoring quotes of a particular provider appear very cheap, however, the service provided by the funder only extends to chasing the top...
Once again, you will see details on our site of how service levels compare between different factoring companies, and we will gladly guide you with our broad experience of the quality of service that...
In making a decision about which factoring company to use, there is a balance to be drawn between picking based on price and choosing according to the quality of the credit control service that is...
http://www.fundinvoice.co.uk/blog/pricing/post/typical-invoice-finance-price-uk.html - 100 Percent Confidential Invoice Finance
This post seeks to explore the case for confidential invoice finance facilities, and the degree to which you can expect your facility to be, and to remain, 100% confidential from your customers....
This post was sparked by an online conversation that I saw regarding a claim to offer "100% confidential" invoice financing. The claim was questioned by an experienced individual within the sector,...
Many of our customers are not concerned with their facility being confidential from their customers (debtors). In many cases, they want a full factoring facility, whereby the funder is also chasing...
Invoices will bear an assignment clause, stating that the customer must pay the factor, debtors will have been sent a letter (GNA - General Notice of Assignment) advising them of the factor's...
There are confidential factoring options, whereby all the credit control servicing is provided under the branding of the client, GNA letters are not sent and invoices do not bear assignment clauses....
Disclosure is the antithesis of confidentiality. When operating invoice finance facilities, there are a number of ways that facilities can disclose the involvement of a funder, to the debtors....
Invoices can be required to show an assignment clause. This is a clause saying that the invoice has been assigned to the funder, requiring the debtor to pay the funder directly....
It is also common practice to send out a "general notice of assignment", a GNA letter at the beginning of an invoice discounting or factoring arrangement. This explains that the debts are being...
The other aspect to consider is that in the majority of cases, an invoice finance, invoice discounting or factoring company will seek to take a charge over the book dates of their client company. A...
The issue with granting such a charge, is that it has to be registered at Companies House (CH), and it bears the name of the invoice finance company. CH is a central registry of information regarding...
Therefore, by undertaking a search at companies house, you can identify if a charge has been registered to an invoice financing company. There is a full list of invoice finance companies on our...
The last issue is that of disclosure, post commencement, by the funder in given circumstances. If the funder believes that you have breached the terms of the facility, they will have retained the...
You can have a facility whereby there are no assignment clauses on the invoices, and there are no GNA letters sent to your debtors. These are termed "confidential" invoice finance facilities. #...
As described above, you can also receive the credit control service, should you wish to have one, in the name of your business, such that it is not straightforward for customers to identify that you...
However, to answer the question about 100% confidentiality, it is unlikely to be the case that there is no possibility of anyone finding out that you are using invoice finance, due to the presence of...
In the majority of cases, the registration of a charge over your book debts will still be an identifying feature that, to some extent, compromises the confidentiality of your facility. In all cases...
Does this make any difference to the majority of customers we speak to? The answer is "No". In most cases, clients are unconcerned with confidentiality, and those that are tend to be satisfied with a...
http://www.fundinvoice.co.uk/blog/products/post/100-percent-confidential-invoice-finance.html - Alternative Business Finance
Alternative business finance (sometimes called AltFi) refers to the range of non-traditional funding sources that are likely to be more available to businesses than traditional bank lending....
Traditional lending routes, such as bank loans, have long been the cornerstone of business finance. However, the availability of traditional financing is changing. With tighter lending criteria,...
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Business growth rates can often outpace the funding level available through traditional financing channels....
This has led to a rise in alternative business finance options, offering businesses more flexible, tailored, and accessible ways to get financing that can keep pace with your turnover as it grows....
Alternative business finance refers to the range of non-traditional funding sources available to businesses. These options are typically outside of the conventional banking system and include a...
FinTech products have become a significant component of the alternative business finance category, revolutionising the way businesses access and manage funding. These innovative solutions, which...
Unlike traditional banking products, FinTech services are designed to be more accessible, user-friendly, and adaptable to the specific needs of businesses, particularly SMEs. By streamlining the...
Several key types of alternative business finance are described below with additional resources to help you with each product type....
The key types of alternative business finance are:...
Although business loans are traditional products offered by high-street banks, alternative business loans are offered by other financiers such as challenger banks, merchant banks and independent...
Invoice financing enables businesses to unlock cash flow by receiving an advance against their unpaid invoices. This approach is ideal for companies needing immediate working capital without waiting...
For an in-depth look at how invoice financing works and the benefits it offers, visit our Invoice Financing page....
Asset-based lending (ABL) provides businesses with funding by using their assets such as stock, equipment, or property as security. This type of finance is particularly useful for companies with...
To explore the specifics of asset-based lending and how it might benefit your business, please visit our Asset-Based Lending page....
Peer-to-peer lending connects businesses directly with individual or institutional investors via online platforms, often resulting in faster funding and more competitive rates compared to traditional...
For more details on how P2P lending operates and the potential advantages it offers, see the British Business Bank page about P2P and also see the BBB page about Crowdfunding....
A merchant cash advance (MCA) offers businesses a lump sum payment in exchange for a percentage of future credit card sales. This option provides quick and flexible access to cash, making it suitable...
To understand how MCAs work and whether they’re the right choice for your business, see our Merchant Cash Advances page....
If you're considering multiple funding options, check out our Business Funding Solutions page, where we cover all available funding methods and financing products to help you find the right...
Alternative finance options often have more lenient eligibility criteria compared to traditional banks. This makes them accessible to a broader range of businesses, including startups and those with...
Many alternative finance solutions offer flexible terms and repayment options. This allows businesses to tailor their financing to match their cash flow patterns and specific needs, whether...
Traditional bank loans can take weeks or even months to process. In contrast, alternative finance options, particularly online-based platforms can offer much faster access to funds. This is crucial...
By tapping into alternative finance, businesses are not limited to a single funding source. They can diversify their financial base, reducing dependency on any one lender and spreading risk....
The flexibility and accessibility of alternative finance often come at a higher cost. Interest rates and fees can be higher than those of traditional bank loans, especially for high-risk borrowers....
Some alternative finance products can be more complex, with terms and conditions that may be harder to understand. Businesses must ensure they fully comprehend the implications of any finance...
While less regulated than traditional banking, some forms of alternative finance are beginning to face increased scrutiny from regulators. This could impact the availability and attractiveness of...
Alternative company finance offers a range of options for companies seeking flexibility, speed, and accessibility beyond what traditional bank loans can provide. While these options can be more...
As the financial options for UK businesses continue to evolve, the role of alternative finance is likely to grow, providing businesses with more tools to manage their growth and cash flow....
Below are some FAQs and thoughts about the growing importance and future of alternative company finance....
Traditional finance usually involves bank loans with stringent criteria, while alternative finance offers more flexible, innovative solutions often with faster access to funds....
Yes, many alternative finance options, like crowdfunding and receivables financing, are ideal for startups, particularly those without an extensive credit history....
The main risks include higher costs, complex terms and the need to carefully research the provider that you choose to deal with. A business finance broker can assist with this understanding of the...
Yes, many businesses use alternative finance to complement traditional loans, providing additional capital or more flexible repayment options....
Depending on the option chosen, funds can often be accessed within days (or even hours in some cases), especially with online platforms like P2P lending or invoice financing....
In recent years, the shift towards alternative business finance has gained significant momentum. This trend reflects broader changes in the financial landscape, driven by technological advancements,...
Understanding these shifts is crucial for businesses looking to make informed decisions about their financial strategies....
Several key factors are driving the growing reliance on alternative finance:...
The traditional banking sector has undergone considerable changes since the 2008 financial crisis. Increased regulatory requirements have made banks more cautious in their lending practices,...
Technology has played a pivotal role in the rise of alternative finance. Online platforms (FinTech), big data analytics, and AI-driven credit assessments have made it easier for businesses to access...
The rise of the gig economy, digital businesses, and startups with unconventional revenue models has created a demand for more flexible financing solutions. Traditional banks often struggle to assess...
As businesses increasingly operate on a global scale, the need for financing that can accommodate international transactions and cross-border trade has grown. Traditional banks may not offer the...
The alternative finance sector is constantly evolving, with several emerging trends shaping its future:...
With growing awareness of environmental issues, there has been a rise in sustainable and green finance options. These are designed to fund environmentally friendly projects or businesses with strong...
As the alternative finance sector grows, it is attracting greater attention from regulators. While this may lead to increased scrutiny and compliance requirements, it also provides a level of...
The lines between alternative and traditional finance are beginning to blur, with more traditional financial institutions partnering with fintech companies. This collaboration is leading to the...
The use of big data and AI in finance is transforming how creditworthiness is assessed and funding lines are granted. Alternative finance providers are increasingly relying on advanced algorithms to...
While alternative finance offers many benefits, businesses must carefully consider their options before proceeding. Here are a few key points to keep in mind:...
It’s important to weigh the costs of alternative finance against the potential benefits. While these products often offer greater flexibility and faster access to funds, they can also come with...
Some forms of alternative finance, like merchant cash advances, directly affect daily cash flow. Businesses need to consider how repayment structures will impact their operational finances and...
However, some forms of altfi can release more money than bank financing in many cases....
As with any financial product, it’s essential to understand the legal and regulatory implications of alternative finance. This includes ensuring compliance with relevant laws and regulations...
The rise of alternative finance has brought many new players into the market. Businesses should conduct thorough due diligence to ensure they are working with reputable and credible lenders. Checking...
If FundInvoice can help you understand your options please contact us on 03330 113622 for support....
The future of alternative business finance looks promising, with continued growth and innovation expected in the coming years. As businesses increasingly look for flexible, fast, and accessible...
The ongoing integration of technology and finance, along with the increasing adoption of sustainable practices, will further drive the evolution of this sector. For businesses, staying informed about...
Alternative business finance is not just a temporary solution; it’s a fundamental shift in how businesses can access the capital they need to grow and thrive. By embracing these new financing...
http://www.fundinvoice.co.uk/blog/products/post/alternative-business-finance.html - Asto Bookkeeping App From Santander With Integrated Invoice Finance.
Interesting development over at Santander, an article in TechCrunch reveals the launch of their Asto application for freelancers and SMEs. The Asto bookkeeping app integrates the option of invoice...
The article reports that "Albert" was an invoicing and expenses app - for freelancers and micro businesses, that was acquired by Santander group. Its functionality was subsequently integrated into...
Screenshots of the Asto app suggest a very simple process whereby on raising a sales invoice, the micro business or freelancer has the option to raise finance against that invoice. The screenshots...
The pricing examples used in the screenshots may not be intended to be illustrative, and indeed they maybe completely different for other businesses. However the fees suggested by the screenshots are...
It has to be said though that the flexibility to select invoices to fund is often attractive to a number of businesses (our research has suggested over a third of businesses say they would prefer...
The striking thing about the app is the ease with which the customer could access selective invoice funding, on a transactional basis at the point of invoicing....
http://www.fundinvoice.co.uk/blog/products/post/asto-bookkeeping-app-santander.html - Business Loans After The RLS Scheme Finishes
During and after the recent COVID-19 pandemic many businesses were grateful to be able to access financial support through the various loan programs that were supported by the UK government. These...
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More recently, the British Business Bank launched the Recovery Loan Scheme, RLS, which provided further support with an 80% government guarantee, as we came out of the pandemic. These loan programs...
If your business is in a situation where it requires further financial support, this could leave you wondering where to turn. The good news is that there are a number of funding options open to UK...
Recently, a new scheme the Growth Guarantee Scheme GGS has succeeded RLS....
The U.K. market for business loans provided by banks and independent lenders is still very buoyant and financing will be available to many UK companies. This type of one-off lump-sum funding may be...
However, in some cases, businesses will require ongoing cash for working capital support. Rather than taking out a loan, the form of revolving credit such as invoice financing might be a better...
On the basis that a business's sales stay relatively static, they can expect the amount of funding provided to become remain static. This is a significant benefit over a business loan where the...
If you need to look at the options that are available to refinance your business, whether this is to support future growth or purely to ensure the survival of your company, we will be able to assist...
http://www.fundinvoice.co.uk/blog/products/post/business-loans-after-rls-finishes.html - Explaining Accounts Receivable Loans
The term "accounts receivable loans" can be used to refer to several different types of financial services for businesses. The term is not specific and can be applied to a number of products....
Taken literally, it would refer to a business loan, secured against the book debts of the borrower, which are also called "accounts receivable". "Book debts" are all the outstanding amounts that...
The primary feature of a loan is that the principle sum borrowed, and any interest charged, is repaid over a fixed term. The term is the amount of time over which the loan is repaid e.g. 3 years. The...
It is not really common practice to refer to "accounts receivable loans", as they are not normally predicated upon the debtor book - rather a financial analysis of the borrower's entire...
The term accounts receivable loan is more likely to mean a form of funding known as receivables finance. With this type of facility, a receivables finance company provides prepayments against the...
Receivables finance is a revolving facility, which means that as invoices are paid by customers they pay off your prepayments. As new invoices are raised, they generate new prepayments. In this way,...
http://www.fundinvoice.co.uk/blog/products/post/explaining-accounts-receivable-loans.html - Factoring Advances To Release Cash From Unpaid Invoices
A good way of understanding how factoring works is to think of it as an advance against a sales invoice that hasn't been paid by your customer. When you provide goods or services to a customer,...
This creates a cash flow problem. You have to lay out money prior to receiving payment from your debtors. If you are trading with a number of debtors, providing multiple different orders each month,...
In the UK, where typically 30-day terms are offered, you may have current invoices, those that are 30 days overdue and possibly some which are even older and further overdue....
In order to bridge the cash flow gap this creates, and access money so that you can pay suppliers and staff, a factoring facility provides you with an advance against your invoices. This advance is...
Typically, a prepayment will be circa 85% of your invoice value, although this figure can vary between 70% and 100%, in some cases. Once the customer pays the invoice, the remainder of the value of...
The other benefit of a factoring facility is that you receive a credit control service to help you with chasing the outstanding invoice if required. This can reduce, or remove, the need for you to...
There are other types of funding against invoices, which operate in different ways. For example, if you do not want to take advantage of the credit control service, there are facilities where that...
You can also choose whether you want to receive factoring advances against selected invoices, often called spot factoring, or all of your invoices, typically referred to as a full ledger solution....
http://www.fundinvoice.co.uk/blog/products/post/factoring-advances.html - Factoring Payments To Increase Cash Flow
Increase your cash flow, and money will flow more smoothly through your business, making it easier to pay your creditors on time....
There are really only three ways to increase your cashflow....
If your receivables are paid more quickly by your customers, it improves your working capital position. You have more money available. Let's say you have a sales ledger of £100,000 and...
So assuming 31 days in a month, that is 62 days of sales outstanding, which is £1,612.90 per day (100,000 divided by 62 days). For every day that you reduce your sales ledger, you release an...
How can you do this? Well, you might try improving your credit control processes, reducing the credit terms offered to debtors, or giving a discount if they pay more quickly....
Be careful not to damage relationships or breach your contractual obligations, but is there a way to slow down your payments to your creditors? Let's say you are spending £25K per month on...
The other way to increase your working capital position is to have a new injection of working capital into your business. This could be in the form of further investment, additional share capital or...
You can also use factoring payments to increase cash flow. Debt factoring addresses point (1) above, it accelerates your debtor payments, yet it isn't borrowing - you are already owed the money...
Read our other article which sets out 10 Ways To Boost Your Cash Flow....
http://www.fundinvoice.co.uk/blog/products/post/factoring-payments-increase-cash-flow.html - The Growth Guarantee Scheme Has Launched
The Growth Guarantee Scheme was launched on the 1st July 2024. It is the successor to the Recovery Loan Scheme and is currently planned to run until March 2026. It aims to improve access to finance...
It may help many more businesses access the financing that they need and you can always compare what is on offer with other financing options outside of the scheme....
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The Growth Guarantee Scheme has launched and succeeded the Recovery Loan Scheme. It is designed to support access to finance for smaller businesses as they seek to grow....
The GGS supports facilities up to £2 million and provides the lender with a partial 70% government-backed guarantee. This should help make finance more available to startups and scale-ups that...
For more details about how the Growth Guarantee Scheme works and for eligibility criteria please see the British Business Bank (BBB) site (they administer the scheme): GGS....
The BBB site also gives access to a searchable approved list of finance companies that offer the various facilities covered by the scheme. A number of the funders that we deal with are on the...
Please note that private residences cannot be taken as security under the new scheme and that the requirement for personal guarantees from prime movers is at the discretion of the lender....
What if you already have a CBILs or BBLs loan? You can still use the new GGS scheme although a previous form of finance could affect the amount you can access under the new scheme....
The GGS gives access to various types of financing including term loans, asset finance and invoice finance....
One of the facilities available under the GGS is invoice financing....
See our related article about How To Use The Growth Guarantee Scheme To Increase Invoice Finance Prepayments....
According to the BBB list, at the time of writing several of the providers that we regularly deal with are on the approved list that offer invoice finance under the scheme....
(Check the BBB site above for the latest lists of providers for the various types of financing)....
http://www.fundinvoice.co.uk/blog/products/post/growth-guarantee-scheme-succeeds-recovery-loan-scheme.html - How To Increase Your Invoice Finance Prepayments Using The Growth Guarantee Scheme
This post addresses how you can increase your invoice finance prepayments by using the Growth Guarantee Scheme. This method is offered by some of our panel of providers....
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In my previous post about the Growth Guarantee Scheme (GGS), I focused on how the scheme can be used to provide business loans partly backed by a government guarantee. However, there is also an...
The GGS can be used to achieve a temporary uplift (needs to trade back down within 3 years max) in the prepayment levels of an invoice financing facility. This could be a great way of getting a...
Invoice finance providers typically advance a percentage of outstanding invoices to businesses, with prepayment levels ranging from 70% to 90% (or even 100% minus fees in some cases) depending on...
Learn more about What Is A Prepayment? and how to Increase Funding Against Excluded Debts....
The Growth Guarantee Scheme (GGS) is a government-backed initiative that enables lenders to provide more favourable credit terms to SMEs by offering lenders a partial government guarantee on eligible...
Read more about the Growth Guarantee Scheme....
The GGS can increase prepayment levels as the invoice financiers have a partial government-backed guarantee on approved facilities. The maximum increase is a 30% uplift in prepayments which could...
For example, in a situation where a funder may offer say an 85% prepayment against invoices, they may be able to increase that to say 95% using the GGS. This additional percentage is traded back over...
If you were already using say £1M in prepayments with an 85% funding percentage, an uplift to a 95% prepayment level would release an additional c. £117K of new funding. This could be...
To benefit from increased invoice finance prepayments via the Growth Guarantee Scheme, businesses typically need to:...
There are several situations where increased prepayment levels may be helpful. These include but are not limited to:...
These are the steps to take advantage of the scheme:...
For businesses looking to maximise their cash flow through invoice finance, the Growth Guarantee Scheme presents a valuable opportunity. By reducing risk for lenders, it opens the door to higher...
If you need assistance in finding the right invoice finance provider that can offer improved prepayment terms under the Growth Guarantee Scheme, get in touch with us today by calling 03330 113622....
http://www.fundinvoice.co.uk/blog/products/post/how-to-increase-invoice-finance-prepayments-using-growth-guarantee-scheme-ggs.html - Invoice Finance For SMEs Using SME Factoring To Unlock Cash Flow
Invoice finance for SMEs is an ideal way of improving cash flow and releasing cash from unpaid sales transactions. For quotes:...
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Below is more information about SME factoring and SME invoice discounting, the two key products for an SME company....
Small and medium-sized enterprises (SMEs) make up the majority of UK businesses, driving innovation and creating jobs. However, SMEs often face unique challenges, especially when it comes to...
Late payments, long payment cycles, and restricted access to traditional loans can create financial pressure. This is where invoice finance steps in as a flexible and effective solution tailored to...
Also, see this information from the UK Government on Growth For SMEs....
Invoice finance offers a lifeline for SMEs by providing fast access to the money tied up in unpaid invoices. This funding option helps businesses bridge cash flow gaps, ensuring they can meet their...
For a detailed explanation of invoice finance that can be used for SME financing, check out our comprehensive information on What Is Invoice Finance?...
Under the banner of SME finance, there are two funding products that can be particularly helpful to smaller companies: ...
SME factoring combines both cash flow funding with credit control outsourcing which can be helpful if you don't want to employ credit controllers to handle the collection of invoices personally....
SME invoice discounting delivers just the funding whilst you retain the credit control function in-house....
Learn more about the costs of invoice finance in our dedicated pricing area....
A minority of SME owners hesitate to use invoice finance due to common myths, such as:...
Check out real-world examples of how SMEs have benefitted from invoice finance on our SME Success Stories page....
While invoice finance is highly effective, SMEs may also explore other financing options, such as:...
However, for businesses with outstanding receivables, invoice finance remains one of the most efficient and flexible solutions. It is also likely to be easier to obtain than traditional forms of...
Some industries that frequently utilise invoice finance include:...
For an industry-specific example, visit our page on Invoice Finance for Manufacturers....
Follow these steps to begin:...
To help you make the right choice, read our article on Choosing the Right Invoice Finance Provider....
Invoice finance can be a powerful ally for SMEs, providing the liquidity needed to grow, thrive, and navigate financial challenges. Whether you’re looking to improve cash flow, invest in...
Ready to explore your options? Contact us today on 03330 113622 or request a free, no-obligation quote to see how invoice finance can help your SME business....
http://www.fundinvoice.co.uk/blog/products/post/invoice-finance-for-smes.html - How Important Is Disclosure And Confidentiality?
Interesting question - how important is confidentiality when it comes to your invoice finance facility?...
There are many types of factoring arrangement but with a confidential facility, your debtors don't know that you are using invoice funding. Even if your provider is undertaking the credit...
A "disclosed" facility is where your debtors are aware that there is an invoice funder involved. They will often be aware of this as your invoices bear an assignment clause (saying customers have to...
We had a case recently where an existing client was using a confidential factoring facility but their provider felt that they needed to move from confidential to disclosed. The prospect was initially...
It made me think about how important disclosure versus non-disclosure really is. I suspect the fear of the what customers might say is actually worse than the reality. These days the use of invoice...
http://www.fundinvoice.co.uk/blog/products/post/is-confidentiality-or-disclosure-important.html - Islamic Invoice Finance
Islamic invoice finance is a requirement for people of faith that wish to abide by the moral principles of Islam. Recently, we were able to help a company find this type of specialist funding to meet...
One of the issues was that our client's faith did not permit them to pay or be charged any form of interest or discount fee on the finance that they needed to support their growth. They were a...
This type of funding is ideal for recruiters as it increases as they grow. In this case, our client was expecting to almost double their turnover over the forthcoming year. Payroll financing is an...
In common with many other recruiters, our client wanted a facility that included payroll management. This service takes away the burden of managing your own staff payroll and all the associated...
With invoice finance, there is no interest charged. Some providers may charge discount fees, but these were not an option for our client. Therefore, we found them a facility with a payroll finance...
http://www.fundinvoice.co.uk/blog/products/post/islamic-invoice-finance.html - Money Factoring
Receivables finance is a sector that is awash with jargon, and one which uses all sorts of different terms (synonyms) to describe the same thing. The other day I was asked "what's money...
Money factoring is just another term for the financial service called debt factoring. It enables companies to release cash from unpaid debtor invoices whilst outsourcing the credit control for those...
Unfortunately, the same term is used for the mathematical process of finding the factors or a number. You can read more about that here: Mathematical Factoring....
Returning to financial, or money factoring, there are a number of different product types that all offer different services to the user. These are set out and explained in our Factoring Guide, which...
The great thing about these particular financial products is that they can be made available to companies regardless of their financial situation. You don't need to have a trading history, be...
The reason for the more relaxed approach is that the facility is based on the strength of your debtors and the underlying transactions. If you sell a simple product or service, that can be easily...
With regard to your debtors, even if they are not top quality it doesn't matter providing you deal with a good number and have a spread of customers. Factors will take comfort from the fact that...
http://www.fundinvoice.co.uk/blog/products/post/money-factoring.html - How To Refinance Government Loans Like CBILS And BBLS
Refinancing Government-backed business loans is becoming increasingly common as the repayment holiday period has ended and the need to make regular repayments has kicked in. Conversely, some SMEs are...
DISCUSS REFINANCING...
Refinancing is where you restructure your finance and funding to better meet your needs. This can be via a new facility or an additional facility. This can yield a number of benefits. Firstly, it can...
In some cases, it can be possible to release additional funds whilst also reducing your monthly outgoings. If the objective is to reduce your monthly outgoings, taking a loan over a longer-term, even...
Whilst Government-backed loan schemes such as CBILS and BBLS helped many UK businesses survive the pandemic, that funding may not be the most appropriate, or the best suited to their needs now....
Alternatively, your company may just need a top-up loan facility to release additional cash. The Recovery Loan Scheme (RLS) has now closed to new applications, but there are other financing options...
NOTE: THE GROWTH GUARANTEE SCHEME HAS NOW SUCCEEDED RLS...
There are lots of options available. The choice of option will depend upon your requirements and your circumstances....
A good first step is to discuss your situation with an experienced expert that can outline the options for you. The path taken to refinance your company will depend upon your current position and...
Please call us on 03330 113622 to discuss your circumstances and explore the options for your business....
http://www.fundinvoice.co.uk/blog/products/post/refinance-business-loans-government-cbils-bbls.html - Small Business Finance Options Explained
Small business finance options are explained below....
To discuss your needs with an expert and compare available products please:...
COMPARE OPTIONS NOW...
Financial management is a core function of any small business or SME (Small and Medium Sized Business) in the UK. If you control your finances and track your cash flow requirements, you may identify...
Use our Finance Product Finder to determine which facility would suit your company....
These are some common forms of finance used by small businesses in the UK....
Also, see our article about all the Types Of Funding Used By Businesses....
Small Business Loans are a common source of funding for small businesses in the UK. These loans can be used for various purposes such as expansion, purchasing equipment, or managing cash flow. Both...
Pros & Cons Of Small Business Loans: Commercial small business loans are easily understood by most people and normally have a set monthly repayment amount. However, they can be harder to qualify...
An overdraft facility for small businesses is granted by its bank. It is a flexible credit option that allows the business to withdraw more money than is available in their account, up to an agreed...
Pros & Cons Of Overdrafts: Again the concept is easily understood but the availability of an overdraft to smaller businesses can be restricted and the amount granted can be limited when compared...
Small Business Invoice finance allows businesses to unlock the cash tied up in unpaid invoices for sales. This type of finance can improve cash flow and provide working capital. The amount of funding...
Pros & Cons Of Small Business Invoice Finance: These products can appear more complicated than other options but they offer finance that grows with the business and can be far more in amount than...
See also: Small Business Invoice Factoring....
Asset finance enables businesses to acquire assets such as machinery, vehicles, or equipment without paying the full amount upfront. This includes leasing and hire purchase options, allowing...
Pros & Cons Of Small Business Asset Finance: This finance can allow the acquisition of assets without a major capital outlay, so its use differs from the cash flow funding sources mentioned...
Trade credit is an arrangement where suppliers allow businesses to purchase goods or services and pay for them at a later date, often 30 days credit may be offered in the UK. This can improve cash...
Pros & Cons Of Trade Credit: Suppliers may be reluctant to extend significant credit to small businesses without a track record and financial standing. Discounts can be available if you...
Crowdfunding has become an increasingly popular way for small businesses to raise funds. Numerous online platforms allow businesses to present their ideas to a wide audience and attract either small...
Pros & Cons Of Crowdfunding: It can be a way to raise upfront money for a new venture but it can require that equity is conceded to the funder diluting your stake....
The UK government offers various grants and schemes to support small businesses. These grants can provide funding for specific projects, research and development, or business growth....
Pros & Cons Of Government Grants: This can be a way for a small business to raise money without conceding any equity and without the need to repay the grant. However, the purpose of these grants...
See also: Finance For New Startups if you are considering starting a new business....
http://www.fundinvoice.co.uk/blog/products/post/small-business-finance.html - Flexible Structured Finance Solutions For UK SMEs
Structured finance means different things depending on the context. For banks and large institutions, it refers to complex capital market instruments like securitisation. For UK SMEs, however,...
Its main benefits are:...
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This article focuses on the SME financing option that uses structuring to leverage various assets to release more cash than by using a single asset class....
You can use this type of financial structuring to unlock the value held in your business assets. This can fund growth and acquisitions or meet cash flow needs....
Structured finance for SMEs isn't the complex world of securitisation and derivatives that banks use; it’s far more practical. It lets UK businesses like yours access tailored funding by...
Rather than squeezing into the rigid requirements of traditional loans, structured finance is designed around your business and needs....
At its heart, SME structured finance is a bespoke, asset-based lending solution. It combines the value of multiple assets, your sales ledger, equipment, property, and more, to create a flexible...
This approach is ideal for businesses that may not meet typical bank criteria or need to raise amounts of funding that exceed conventional funding formulae. It can help you to raise more significant...
It’s not just a loan. It’s funding that works in sync with your operation....
Structured finance for SMEs can:...
Whether you need to stabilise cash flow, scale up, or buy out a partner, structured finance helps you move forward with the benefit of increased funding levels....
We start by listening. Then, we shape a facility around the assets and ambitions of your business:...
See our related content about Asset Finance & Commercial Mortgages....
The key reasons for choosing this type of structuring are:...
These are some of the typical scenarios where structured financing can be helpful:...
Smooth out seasonal cash flow or bridge long payment terms without expensive short-term borrowing....
Raise extra funds internally by leveraging business assets without involving the need for external investors....
When things change, structured finance can provide stability and liquidity to support your next move or even rescue your business....
Fund new contracts, increase capacity, or hire confidently, knowing significant funding is in place and can grow as you do....
Structured finance is ideal for established SMEs in the UK that:...
If that sounds like your business, we’re ready to help you access financing tailored to your business. Just call us on 03330 113622 to access your options....
UK businesses across industries are already using structured finance to:...
You don’t need to be a big company to access structured funding. You will need the right partner to connect you with providers that support UK SMEs....
These are case studies where facilities have been structured outside of the normal parameters to achieve higher levels of funding:...
Case Study 1 - Structuring Finance To Take Over A Business....
Case Study 2 - Leveraging A Target Company's Own Assets To Acquire It....
Please read our article about using the GGS To Top Up receivables-based finance....
There’s no cost to explore your structured finance options. Our team will take time to understand your goals and find solutions for your business. Call us on 03330 113622 to see your options...
http://www.fundinvoice.co.uk/blog/products/post/structured-finance-solutions-for-uk-smes.html - Ultimate Finance Launches FlexiCredit Alternative To Invoice Finance
Ultimate Finance have announced the launch of FlexiCredit a new, business funding product. FlexiCredit is the answer to concerns about the amount of administration involved with traditional forms of...
Use our contact form to request a call back from Ultimate Finance:...
REQUEST A CALL FROM ULTIMATE FINANCE...
Below we have the full details of the new FlexiCredit product....
FlexiCredit deliver a pre-approved funding line of between £25K and £75K to companies turning over up to £600K per annum (selling on credit terms to business customers). You are...
The simple funding limit approach removes the need to try and understand how the available funds have been calculated. With other type of facility, customers often struggle to work out which invoices...
You also retain the credit control activity yourself, so you deal with your customers, not a third party....
The charges to use FlexiCredit include a fixed monthly fee, making the fee structure very predictable and easy to budget for. You also pay an interest charge on the amount of funding that you choose...
The operation of the facility couldn't be easier. You have access to a secure online interface that allows you to request funding from your funding line, to be transferred to your bank account....
The facility runs for a minimum term of 12 months, and a becomes an ongoing, rolling contract thereafter. A debenture over your company assets is required, as are personal guarantees from Directors...
To apply they require:...
http://www.fundinvoice.co.uk/blog/products/post/ultimate-finance-launches-flexicredit-alternative-to-invoice-finance.html - Alternatives To Pay And Bill Invoice Finance Companies For Temporary Recruitment
Temporary recruitment is an sector where invoice finance is broadly used, even new startup companies can get access to this kind of funding, which can enable recruiters to get their own company off...
There are a wide variety of invoice finance companies that help recruitment companies, offering differing degrees of support (payroll and accounting, even invoicing can be included in some cases -...
SPEAK TO A SPECIALIST...
I have written previously about some of the pitfalls with some recruitment outsourcing companies, which I was reminded of when I recently read a blog post about the possible drawbacks of "Pay and...
The post went on to outline a number of practices such as charging additional fees, holding back of VAT, PAYE etc. to pay HMRC, such that funding is well below typical funding levels granted by...
If you take out your own recruitment invoice finance facility, there are lots of options around the kind of service provided to recruiters. Some providers offer just the funding (typically at levels...
You can opt for a confidential invoice finance service. This means that your customers are unaware that you are even using an outsourcing service, as there in no notice of assignment on the invoices...
http://www.fundinvoice.co.uk/blog/recruitment/post/alternatives-to-pay-and-bill-invoice-finance-companies.html - Care Staff Recruitment Invoice Finance
We have been successful in finding invoice finance for a number of companies operating within the UK care sector....
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Often the provision of care workers is funded by local authorities, but there can be delays in receiving payments for services already rendered. See our free credit control guide for tips about...
We have introduced many care staff providers to invoice finance companies that can release the cash from those invoices immediately. This can be used for any purpose including paying staff....
According to the Government’s site, the UK care home sector is worth some £15.9 billion a year, with 410,000 residents....
The Office for National Statistics predicts a 36% increase in the number of people aged 85+, between 2015 and 2025....
This is creating a huge demand for care staff to cope with the care of the elderly in care homes and nursing homes, fuelling the growth in this sector. The need encompasses a range of positions,...
In addition to the elderly, other related care sectors, such as those caring for people with disabilities, or mental health issues, and those providing domiciliary care have also seen growth and can...
All staff recruitment and placement, where billing is to corporate or Government entities on credit terms, is normally eligible for funding, whether it is temporary or permanent placement of workers....
Call Sean on 03330 113622 if you might benefit from care sector invoice funding....
http://www.fundinvoice.co.uk/blog/recruitment/post/care-staff-recruitment-invoice-finance.html - Facts About Invoice Finance For Recruitment
I think we should be talking up invoice finance, not running it down. 98% of existing users told our independent poll that they would recommend the service to other businesses, and the volume of...
I saw a post by one of the specialists within the recruitment invoice financing sector, about what you should expect if you use a traditional invoice finance company. Whilst for most of the points...
So below I have taken some of the various points, one by one, and addressed each of them to uncover the facts:...
The reality is that satisfaction is generally very high, with 98% of users willing to recommend their provider to others. In addition, there are very low levels of complaints with just 0.15% of...
If you need help with any of the issues mentioned above, we would be pleased to introduce you to invoice finance companies that can help, and that can provide excellent rates....
http://www.fundinvoice.co.uk/blog/recruitment/post/facts-about-invoice-finance-for-recruitment.html - Funding Invoices To Neutral Vendors
Funding invoices to neutral vendors is a specialist invoice finance service that is not available from all providers. Fortunately, recruitment companies that supply neutral vendor companies can get...
Small and medium-sized temporary staff agencies can often find themselves supplying large organisations via an intermediary organisation. This is due to the ultimate buyer seeking to streamline their...
Invoice finance (often called "payroll finance") is widely used within the temporary labour sector. This is because it releases cash from unpaid invoices that can be used to pay the staff payroll....
Neutral vendor invoice finance is a specialised funding solution that allows recruitment agencies to manage cash flow while working with neutral vendors. As more agencies turn to neutral...
Managed services within the temporary recruitment sector is not a new service, but rather one that has developed over time. In the past, a "master vendor" may have been sought by larger companies....
Over time, this model has developed into the neutral vendor model whereby a single independent purchasing organisation sits between the ultimate customer and a number of recruiters that each deal...
Many recruitment agencies rely on neutral vendor invoice finance to manage the unique cash flow demands associated with neutral vendor partnerships. This finance option bridges the financial gap,...
If you have experienced funding restrictions against sales to NVs, it may be because you are not using the most appropriate funder for your situation. The approach to risk, and hence the liberality...
With neutral vendor invoice finance, agencies gain peace of mind, knowing that they can continue operating smoothly, regardless of vendor payment terms. This financing solution helps recruitment...
http://www.fundinvoice.co.uk/blog/recruitment/post/funding-invoices-to-neutral-vendors.html - Horror Stories About Recruitment Outsourcing
Regular meetings with funders are commonplace in our sector. In the case of one of our funding partners that specialises in helping finance recruitment agencies, the conversation turned to the...
Full-service outsourcing (sometimes called “white label” or “white labelling” services) sounds like a great idea, and there are some great providers out there, but very...
We asked the question of our funding partner, how do you sell your hybrid invoice finance and payroll management service against a full-service recruitment outsourcing offering? On the face of it,...
Our partner replied that such discussions often focus around how much control over their business the recruiter wanted to give up, and how much they want to pay to an agency. For example, they...
Then the horror stories started to flow. They said that they had seen cases of:...
We had come across some examples ourselves, for example, a small business which owed tens of thousands in fees to an outsourcer, being unable to leave the service until they paid the fees....
The common theme seemed to be that customers need to check how easy it is going to be for them to leave the outsourcing service if they subsequently change their minds. Our funding partner, and...
However, their clients still retain control of how they run their business e.g. which contract to use etc....
Also, with invoice finance companies that are part of UK Finance, there is a standard set of rules which define how customers should be fairly treated, and how they should be handled if they want to...
If you are considering full-service outsourcing, speak to Sean on 03330 113622 before you commit, to understand the alternatives that may be available to you....
Article: Alternatives To Pay And Bill Recruitment Finance Services....
http://www.fundinvoice.co.uk/blog/recruitment/post/horror-stories-about-recruitment-outsourcing.html - How Temporary Staffing Agencies Can Manage Cash Flow Seasonal Peaks
This post looks at how temporary staffing agencies can manage cash flow during seasonal peaks and find an answer to money worries....
If you know you need financing to help with your situation you can use the button below:...
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Temporary staffing agencies often face seasonal cash flow challenges due to the cyclical nature of client demand....
During peak seasons, such as the Christmas holiday rush or the lead-up to busy retail periods, these agencies need to onboard and pay a high volume of temporary workers, often weeks before receiving...
Holiday seasons can even cause a payment slowdown as key payments & purchase ledger staff may be absent. This creates a significant cash flow gap, as payroll and operating expenses rise sharply...
If clients require or take extended payment terms, agencies may struggle to meet payroll and operational costs, risking potential delays and disruption. Without effective cash flow management,...
These are some of the types of staffing that might be affected by seasonality of trade:...
For some general tips on managing seasonal cash flow problems see our article that explains 6 Ways To Solve Seasonal Cash Flow Problems. This sets out some simple ideas that might help ease the...
However, if recruiters are looking for a more permanent solution to seasonal cash flow worries, there are ways of releasing cash from invoices quickly....
Releasing cash from sales invoices quickly is crucial for maintaining healthy cash flow, especially for businesses offering extended payment terms. However, even with fast invoicing, temporary...
Payroll finance enables agencies to access funds based on outstanding invoices, ensuring they have the liquidity to meet payroll obligations without delay....
By using payroll finance, staffing agencies can bridge the gap between invoicing and payment, allowing them to keep operations running smoothly and their workforce paid. It also reduces the risk of...
Through this service, agencies gain the flexibility to take on more clients, confidently expanding their workforce during high-demand periods without cash flow concerns. In short, payroll finance not...
Use our payroll finance calculator to estimate how much money you can release immediately....
In some cases, agencies might like the idea of payroll finance but they don't want to commit to an ongoing arrangement....
If you only want help during the seasonal peaks, there are selective invoice financing arrangements that mean you only submit the invoices you want to be funded. You can use this just to get through...
Call us on 03330 113622 if you would like to discuss your options in confidence....
For more information about these services see: Invoice Finance For Recruitment Companies...
You can also see this case study about Funding A Seasonal Business...
Also please see our Cash Flow Guide for comprehensive guidance about improving your cash flow....
http://www.fundinvoice.co.uk/blog/recruitment/post/how-temporary-staffing-agencies-can-manage-cash-flow-during-seasonal-peaks.html - Invoice Factoring For Recruitment Startups
No sooner had I finished publishing our free business startup guide and we received an email from someone who is looking to launch a new startup recruitment company next year. The questions asked was...
“. . . would like to query whether we would be eligible for invoice factoring. I acknowledge that with a lack of a trading history, this may not be straightforward,”....
The alternative would be self-funding but that would be likely to significantly limit the growth rate of the business....
To answer that question, yes you would be eligible for invoice factoring, and contrary to your expectations it will be straightforward. Specifically, recruitment invoice finance which is tailored to...
However, not all factoring companies will fund new startups without a track record, but there are those that will - either funding all invoices or a selective facility for the invoices you choose....
Recruitment is also an ideal trade to access factoring. The debts tend to be straightforward, with timesheets signed for temporary staff that are used to evidence the debt. Many recruitment finance...
Invoice factoring combines the cash flow benefit of being paid immediately after you raise sales invoices, with a credit control service to collect your invoices. This can save the directors of a new...
Read more about finding a recruitment factoring company....
Business loans are only really going to be an option once they have some trading history, or if they have other assets, such as property to offer as security. This is not required with invoice...
The other issue with a business loan is that it is for a fixed sum, whilst invoice factoring grows with your turnover. The more you invoice, the more funding is released. Bank overdrafts and loans do...
http://www.fundinvoice.co.uk/blog/recruitment/post/invoice-factoring-for-recruitment-startups.html - Does Your Invoice Finance Company Have A Close Relationship With RPOs
If you provide staff to RPOs, you might benefit from using a flexible RPO invoice finance company that has a close relationship with RPOs, we can introduce you to a funder with that close...
RPOs are an umbrella purchasing organisation for staff. Recruitment companies often deal with them as they hold a direct relationship with large end-debtors. These end debtors use their services to...
We have had some success at finding high prepayment recruitment invoice finance facilities for clients that deal with RPOs. As so many recruiters deal with RPOs, ensuring that staff agencies get the...
The prepayments mean that you don't have to wait for the invoices to be settled by the customer, before being able to access the majority of the value of the cash that is tied up in the...
Therefore, it stands to reason that there will be benefits in dealing with an invoice finance company that has a close relationship with certain RPOs. It means that they have the internal contacts at...
We have heard anecdotally that some RPOs have been very busy dealing with large requirements for healthcare staff, driven by the pandemic. If you are providing staff to the healthcare sector, and an...
http://www.fundinvoice.co.uk/blog/recruitment/post/invoice-finance-company-close-relationship-gri.html - Invoice Finance For 100 Percent Permanent Placements
Below is an interesting case where one of the invoice finance companies passed a client to us, that they were unable to assist....
This particular case was a specialist recruitment company, dealing with the education sector - staff such as nursery teachers. The agency dealt with 100% permanent placements, that is recruiting for...
They were seeking recruitment invoice finance....
Temporary staff recruitment is very straightforward to finance, as staff are normally placed for short specified periods which are subject to signed timesheets. These evidence the debt and so it is a...
The funder will provide a percentage of the invoice value (called a prepayment) to the recruiter, before the invoice is paid, improving their cash flow....
However, permanent placements are not so straightforward. What tends to happen is that the invoices are larger, for a percentage of salary following a successful placement. The biggest issue is that...
This creates an issue when funding the invoice. If the staff member leaves, and a rebate becomes due to the employer, this can reduce the value that is payable in respect of the invoice. If the...
Some invoice funders operate systems whereby a certain percentage of permanent placements is allowed. This applies where a recruiter offers both temporary staff and permanent labour. However, in some...
This is one of those cases where the agency is 100% permanent placements, without any temp labour to dilute the risk - hence it was a problem for the funder that referred them to us....
The good news is that there are funders that will be able to offer significant levels of prepayments against these invoices, despite them all being for perms rather than temps. The other benefit of...
It is early days but this is an example of how a specialist invoice finance broker can help you find funding when you have been declined by providers. There are over 90 providers in the UK at...
http://www.fundinvoice.co.uk/blog/recruitment/post/invoice-finance-for-permanent-placements.html - IR35 Changes Will Affect The Recruitment Sector
Recruiters are common users of recruitment invoice finance, so we keep abreast of changes that will affect the sector....
There are some changes planned to IR35 by HMRC (formerly known as the Inland Revenue from which the "IR" was derived), from 6th April 2021 (originally planned for 2020, this was extended by a year...
IR35 is a set of off-payroll working rules that affect clients, workers and their intermediaries. The rules apply if a worker provides their services to a client through an intermediary, but would be...
The Government's website explains the changes to IR35, and we also saw this helpful video from our friends at TBOS (Total Back Office Solutions) who are giving their staff agency clients, as...
If you are a recruitment company that needs help with your payroll management, or invoice finance to release the cash tied up on unpaid invoices, we can also introduce you to the wide variety of...
The use of invoice funding by recruiters is approximately 20 times higher than the overall average because these services can be so useful to staff agencies. It means that you don't have to wait...
PLEASE NOTE: FundInvoice are unable to take any responsibility for the correctness and accuracy of any information found on websites that we link to, you should seek advice from an accountant...
http://www.fundinvoice.co.uk/blog/recruitment/post/ir35-changes-affecting-the-recruitment-sector.html - Is It A Good Time To Enter The Recruitment Business
Is it a good time to enter the recruitment business? We can't make the decision for you but here are a few facts and figures that might help you in making your decision about starting a...
OK, so the level of economic growth predicted for the UK has just been slightly adjusted down, however the economy is still predicted to grow - which means more production, hence more businesses and...
A quick search of the number of new businesses formed in the UK shows that in July 2016 50,104 came into existence, versus 50,473 in July 2017. A slight increase of 0.74% in the total number of new...
Much of the thinking behind the negativity about the UK economy is uncertainty about the effects and shape of Brexit. However, no one really knows what is going to happen or what shape the exit is...
Another factor might be to look at what other recruitment companies are doing. Again I did a quick search to see the numbers of temporary staff agencies registered. Between January 2016 and July 2016...
Just looking at the number registered in July 2017, the number was 2.2 times higher than the number registered in July 2016, so its not like all the growth took place earlier in the year....
The sector that you intend to specialise in could be another significant factor. Back on the 22nd March 2017 The Telegraph reported that digital technology jobs across the UK had grown at more than...
We can't make the decision about entering the recruitment business for you, but we can help you make the process of starting your business as simple as possible, by giving you access to:...
http://www.fundinvoice.co.uk/blog/recruitment/post/is-it-a-good-time-to-enter-the-recruitment-business.html - Payroll Finance Against Invoices A Neutral Vendor
Recruitment companies often need payroll support. This can include both payroll management and funding against their invoices to help them meet their payroll obligations. This finance bridges the gap...
In a recent case, we were able to find payroll finance against invoices to a neutral vendor for a prospect who had outgrown their existing payroll funder....
Our prospect came to us because they had outgrown their existing invoice finance company. They needed a bigger facility as they were expanding, and they also had concentration problems with their...
The problem was that the incumbent finance company were restricting funding against this prime debtor, adversely affecting our client's cash flow and working capital position....
RPOs (Recruitment Process Outsourcing companies also called neutral vendors) are intermediary organisations that take care of all the temporary staff recruitment for large companies. This removes the...
A large volume of placements through one organisation may sound like it makes sense from a workload perspective, however, it can cause funding restrictions if you use invoice finance....
We were able to find our client a replacement payroll finance service with an independent invoice finance company. They were able to offer both the larger facility size our client needed and more...
More information about Recruitment Invoice Finance....
http://www.fundinvoice.co.uk/blog/recruitment/post/payroll-finance-rpo-neutral-vendor.html - Payroll Services For Recruitment
Running your own payroll can be time-consuming so many businesses prefer to use a payroll services company in order to undertake all aspects of the function on their behalf, and so use a payroll...
Many of the invoice finance and factoring companies provide payroll services in addition to their financing services. Even if you don’t want to have the benefit of any finance, you can still...
If you opt for a factoring service, you will also receive an outsourced credit control service which means that the outsourcer will also handle your credit control function alleviating you from the...
The payroll company will be able to handle all aspects of your payroll. This will include the production of wage slips and other documentation such as the annual P60s and P45’s if necessary. If...
If you are also looking for an injection of cash into your business, they can provide funding in order to pay your wages, which can have a positive impact on your cash flow. You can also get funding...
If you are a new start-up company just having a professional company handling the production of wage slips etc. can take a burden off of you as there are various nuances and rules that have to be...
http://www.fundinvoice.co.uk/blog/recruitment/post/payroll-services-for-recruitment.html - Recourse Factoring For A Healthcare Recruiter
Healthcare recruitment companies are frequent users of factoring arrangements. This case study is about a healthcare recruiter who FundInvoice were able to find a recourse factoring arrangement with...
Staffing agencies are one of the most prolific users of factoring services. This is driven by their need to pay their temporary staff before they get paid by their customers. Typically, a temporary...
Healthcare is a growing sector within the UK, so supplying temps to all parts of the sector has grown in demand. FundInvoice has been able to help a number of these staff agencies find the funding...
With recourse factoring, the cash tied up in your outstanding debtor invoices gets partially released. A funder may be able to provide 85-95% of the value upfront with the balance (minus fees) passed...
To a factoring user, it is as if their customers are all paying on cash terms. This can release a lot of money if customers typically pay after say 30 days....
FundInvoice was able to introduce this particular recruiter to a factoring company that could support their cash flow needs via a recourse factoring facility. The factoring facility will help them...
http://www.fundinvoice.co.uk/blog/recruitment/post/recourse-factoring-for-a-healthcare-recruiter.html - Recruiters Using Invoice Finance Have Less Late Payment Concerns
Recruiters that use invoice finance have fewer issues with customers paying late....
In our study of the attitudes of East Sussex & Kent based recruiters to late payments problems and the use of various finance options, we previously reported that 52% of the recruitment companies...
Further analysis of the results of our survey has revealed that of the 17% of recruiters that were using invoice finance, all of them said that they had no issues over customers paying late. There...
The use of these cash flow enhancing products is comparatively high in the recruitment sector but these results suggest that using receivables financing services goes hand-in-hand with not...
Typically, recruiters can use invoice financing services to release 85 to 95% of the value of their receivables when they raise their sales invoices. For a similar business that is not using such a...
The second factor may be the additional services that are provided by the factors. In addition to add ons such as handling all the payroll administration, a credit control service is given to those...
Whatever the reason, there is a clear correlation between using receivables financing and not having worrys about customers paying on time....
http://www.fundinvoice.co.uk/blog/recruitment/post/recruiters-using-invoice-finance-have-less-late-payment-concerns.html - Recruitment Factoring Companies
Recruitment factoring companies are specialists that offer cash flow acceleration solutions to recruiters....
FundInvoice can help you find and compare quotes for these services to help you access the best rates and terms....
COMPARE QUOTES NOW...
Firstly a quick explanation of what this service includes....
See also: Recruitment Invoice Finance for a full explanation of the range of funding services for recruiters....
Recruitment factoring is specifically tailored to the needs of recruiters and staff agencies....
It normally includes one or more of the following services:...
Recruitment factoring companies specialise in offering these services to the recruitment sector. Their products can range in terms of the extent to which they support your business with a package of...
You can choose the type of service you prefer as there are many recruitment factoring companies....
FundInvoice can help you select providers from the market that offer the services that will best match your company's needs....
Using a recruiter factoring service provides improved cash flow and reduced administration. This frees up the prime mover's time to focus on important issues such as making placements and...
Unlike many other forms of business finance, it can also be available to new startups without any track record. It can be ideal if you are thinking of starting your own agency....
http://www.fundinvoice.co.uk/blog/recruitment/post/recruitment-factoring-companies.html - An RPO Debtor Has Rejected An Assignment Letter Clause
A recruitment sector RPO debtor has rejected part of a GNA or General Notice Of Assignment letter. This is a worrying development for recruitment sector financing....
A "GNA" is a letter from an invoice finance user, to their customers, informing them of the invoice finance arrangement, specifically the "assignment of the book debts"....
Assignment is the process underpinning factoring and invoice discount, whereby a supplier "assigns" all the rights to a sales invoice (including the right to get paid) to a funder in return for a...
In the case of a disclosed facility, one where the customers know of the involvement of the funder, the GNAs are sent to each customer at the outset of the arrangement. Those letters will disclose...
With a confidential facility, the invoices bear no notice of assignment, but GNA letters are typically still produced and held by the funder, in case they need to "disclose" e.g. if the client were...
We have just heard from one of our industry contacts that one RPO debtor (an umbrella purchasing organisation operating in the recruitment sector) has advised that they will not accept the part of...
"Offset" is when the customer short-pays a sales invoice due to an offset against something else. Typically this may be a contra account (an outstanding account for purchase invoices in respect of...
This could have a serious effect on the receivables financing sector's ability to fund against such invoices, although it is not yet known how widespread this amendment is going to be. It adds...
We have had many successes finding customers' funding against RPO invoices, so please contact Sean on 03330 113622 if you are having issues getting RPO invoice finance....
http://www.fundinvoice.co.uk/blog/recruitment/post/rpo-recruiter-rejects-gna-letter-offset-clause.html - Solving A Pay When Paid Concentration Limit Problem On An RPO Debtor
Another success story regarding a client whom we were able to help overcome an invoice finance funding restriction....
We have seen many issues with debtor concentrations, within the recruitment sector, that can be relaxed by comparing the funding levels between different providers. We had a case where a client...
However, they were being held back by their existing invoice finance company, which was not prepared to offer a sufficiently relaxed concentration limit, due to the presence of a "pay when paid"...
A "pay, when paid" clause, means that the debtor is only obliged to pay their supplier after they have been paid by their end customer who sits up the supply chain. The problem with these clauses for...
The effect of a debtor concentration limit is to restrict the level of funding against a specific debtor, or the largest debtor (or debtors) on the sales ledger. The approach differs between invoice...
This is not the case if the invoice is to a customer who is subject to a debtor concentration limit. If you had a limit of say 40%, the invoices that attract funding in respect of that customer are...
In the case of our client, we were able to find them an alternative invoice finance company that was able to relax the debtor concentration limit and release c. 35% more flexible funding than their...
If you are having a problem with a debtor concentration limit, please call us on 03330 113622, and let us see what we can do to help you find a funder who will take a more flexible alternative...
http://www.fundinvoice.co.uk/blog/recruitment/post/rpo-recruitment-invoice-finance-concentration-limit-problem-pay-when-paid.html - Recruitment RPO Narrow Profit Margins
We help find recruitment invoice finance for a lot of UK companies within the recruitment sector, so we are very familiar with the issues that they can face when dealing with RPOs, not least of which...
When I worked at one of the banks, in their factoring division, we never came across these issues as this kind of umbrella purchasing structure has only emerged recently. The driver is that large...
At face value, it seems like a good system but there are of course some downsides, particularly for the staffing agency down the bottom of the chain. All the purchasing power appears to have migrated...
If the parties down the bottom of the chain were able to access a supply chain finance arrangement, whereby the party at the top used their financial weight to secure favourable rates for their many...
One of the biggest problems, for those staff agencies at the bottom of the supply chain, is that the RPO is now taking part of what would have previously been their profit margin, and the RPO is also...
We have had a number of recent enquiries from prospective customers who are worried about being able to afford any additional financing costs, due to the narrow margins that they are making when...
Added to this, sometimes the umbrella purchasers are not financially strong enough to support the level of credit limits that the recruiters at the bottom need in order to get unrestricted funding...
The other problem to overcome is getting high concentration levels against single debtors or narrow spreads of customers, including umbrella purchasers. Once again we have had to develop a list of...
The final component has been ensuring that from the huge list of invoice finance companies in the UK, we have selected funders for our panel that can provide affordable finance costs by delivering...
http://www.fundinvoice.co.uk/blog/recruitment/post/rpo-recruitment-narrow-profit-margin-issues.html - Should Recruiters Specialise In A Single Sector
Recruiters should read on if they want to know if their competitors specialise in a single industry sector, or handle a range of different trades....
We conducted a survey to canvass the views of UK recruiters. As part of that survey, we asked them which sectors they specialised in. We found that:...
Therefore, almost three-quarters of those we spoke to specialised in a single sector. This may be deliberate, or just a function of circumstance. For example, if a recruitment consultant has worked...
There are arguments on both sides of the equation. The benefits of focusing on one sector include:...
The advantages of handling multiple segments include:...
Our survey went on to ask which sectors the recruiters handled (bear in mind that some gave multiple answers). These were the sectors that were mentioned, the number in brackets was the number of...
As you can see from the list it was very broad, with numerous sectors being mentioned. The only sector that was prevalent was healthcare, domiciliary and social care. This is interesting, as it...
Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/recruitment/post/should-recruiters-specialise-in-a-single-sector.html - Solving 5 Problems For Recruiters
This article sets out 5 common problems that we can solve for a recruitment company....
Most recruiters would like to have more time to work on placing candidates or temps. We can help solve this by outsourcing a number of your back office functions for you, freeing up time that you can...
Managing the payroll of a recruitment company can be a pain. If you have a large number of staff on your books, keeping up with the paperwork required to pay wages can be difficult. It is possible to...
Getting paid by customers can sometimes require you to chase them up. This credit control function can again be provided by an external company so that you can focus on sales activity. Even if you...
Keeping the cash flowing through a business is paramount in any industry sector. However, it can be particularly difficult for recruitment businesses when I have large numbers of staff to pay on a...
A big risk for any business is that a customer fails to pay them, perhaps becoming insolvent. Bad debt protection is available to mitigate this risk. Recently we have seen examples of many large,...
http://www.fundinvoice.co.uk/blog/recruitment/post/solving-5-problems-for-recruiters.html - Startup Invoice Finance For A Driver Hire Recruitment Agency
It is not always easy for a new start recruitment agency to find an invoice finance company that is prepared to deal with new start-up businesses. The risk involved with the potential failure of new...
Below I explain how we found funding for a new start recruitment agency....
We were recently able to assist a new start recruitment agency, which specialises in the driver hire sector, to find invoice finance companies that will deal with new start-ups....
The situation was further complicated by the fact that our customer was dealing with a prime debtor, one of the RPOs, which can present funding problems that we have previously reported on. In view...
In the end, we were able to present them with two options, one an independent company, and the other a bank-backed concern. The customer chose the independent company, specifically because they were...
It is always sensible to think that if a company is reluctant to fund particular debtors at the outset, in order to win your business - it does not bode well for the approach that they are likely to...
With the required finance in place, this new staff recruitment agency is well placed to achieve its substantial growth projections....
If you would like more information below are a selection of related resources:...
http://www.fundinvoice.co.uk/blog/recruitment/post/startup-invoice-finance-for-a-driver-hire-recruitment-agency.html - Recruitment Startups Building Up Enough Trade For Receivables Financing
We have recently spoken to a few new start recruitment companies recently that have taken the approach of waiting to set up their receivables financing arrangements, until they have what they...
This may sound logical, but there are several reasons why it may not serve your best interests as a recruiter....
There are a couple of things to consider here. Firstly, there can be time required to set up funding arrangements, despite most funders are able to move pretty quickly....
Therefore, it is always going to be best to have your arrangement in place, prior to needing it. You should not take it for granted that a finance company is going to be able to put facility in place...
The second point to make is that there are selective receivables financing facilities available that have no minimum fees, or turnover levels involved, and so there is no requirement for you to hit a...
We would strongly suggest that if you starting a new recruitment company, you put your receivables financing arrangement in place as early as possible, giving the funder the maximum time to establish...
You should also bear in mind that not all financiers require you to have more than a single customer. Many of the funders that we deal with are comfortable with an arrangement whereby a recruiter...
If you are looking for more sales for your recruitment agency, please get in touch with the full service marketing agency that we work with. They will work with you to develop a plan to expand your...
Please contact us if you would like help putting in place funding for your new start recruitment company....
http://www.fundinvoice.co.uk/blog/recruitment/post/startups-build-up-enough-trade-for-receivables-financing.html - Temporary Staff Hire Replacing Permanent Recruitment?
Often our prospects will remain connected with us for a long period of time, before they go ahead and take out a facility. We take the opportunity to regularly "touch base" with a wide range of...
Each month we deliver our FundingVoice magazine to all of our subscribers, which includes a lot of prospective customers that we have spoken to in the past....
That ongoing connection yielded an interesting conversation with one of these prospects recently....
They are in the recruitment sector and we'd spoken to them previously about providing funding against permanent recruitment....
Not all invoice finance companies will deal with permanent recruitment businesses, but there are some that will. However, at the time the customer was being paid fairly promptly by his debtors, so he...
More recently, the company in question have been looking at an opportunity for the provision of temporary labour hire to the NHS, prior to the recent outbreak. They wanted funding against these...
They have lost a volume of turnover relating to their permanent recruitment work, as a result of the virus, and they are concerned about where the future of that market will lie - certainly in the...
It raises the question as to the extent to which we are going to see a similar shift, generally, across the UK affecting recruiters....
Many people have of course been laid off due to the virus outbreak, and the following period of lockdown. The degree to which this uncertainty impacts future decision-making regarding recruitment,...
This is just one example of the type of refocusing of activity that UK businesses will need to undergo in order to survive this crisis. If you are considering similar action, we would be keen to hear...
http://www.fundinvoice.co.uk/blog/recruitment/post/temporary-staff-replacing-permanent-recruitment.html - A Testimonial From A Client Turned Down By Factoring Companies Due To Their Low Turnover
Factoring companies often only take on clients that reach their turnover threshold. This is a testimonial from a recruitment company that we helped overcome that issue....
Our client was operating within the recruitment sector, where there is a high dependence on recruiter invoice finance for cash flow financing. However, our client had applied directly to several...
It is common for some factors to seek clients that are above a specific size. In many cases, that is defined by their total annual sales or turnover. In this case, our client hadn't met the...
We were able to introduce them to a factoring company that was able to help. They were keen to support small, growing businesses and to that end, they did not apply the minimum thresholds that our...
This is what the MD of our client had to say about the service that they had received from FundInvoice....
"Very professional and good listeners and understanding. Helped our company when we needed a Factoring and Invoicing company the most. We had been turned down by various factoring companies because...
This is a perfect example of how we can help smaller businesses find the funding that they are struggling to secure. This is a great example of a small company that can use the cash flow benefits of...
http://www.fundinvoice.co.uk/blog/recruitment/post/turned-down-by-factoring-companies-low-turnover.html - Video About How Recruiters Can Get Help With Payroll Costs And Administration
Video describing how recruiters can get help with payroll costs and administration:...
The short video above covers how payroll finance has the potential to help recruiters meet their payroll costs. It also addresses how recruitment companies can get payroll management services as part...
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In the recruitment sector managing payroll costs effectively is not just a financial activity, but a strategic manoeuvre that can determine the sustainability and growth of a business. With the right...
Streamlining Processes: Automation and streamlined processes are not new, but their impact on payroll management is profound. By automating routine tasks, recruitment companies can reduce the hours...
Flexible Work Arrangements: Embracing flexible work arrangements can also lead to cost savings. Recruitment companies can leverage part-time, freelance, or remote workers to adjust their workforce...
Regular Financial Reviews: Conducting regular financial reviews is critical to managing payroll costs effectively. By keeping a close eye on the financial health of the company, recruitment...
Budgeting and Forecasting: Effective budgeting and forecasting are indispensable for managing payroll costs. Recruitment companies should develop a comprehensive budget that includes detailed payroll...
Investing in Employees: While it may seem counterintuitive when discussing cost management, investing in employees can lead to long-term savings. Offering competitive salaries, benefits, and...
Performance-Based Incentives: Implementing a performance-based incentive program can align employee objectives with company goals, motivating staff to increase productivity and efficiency. These...
For recruitment companies, managing payroll expenses is a multifaceted challenge that requires strategic planning, efficient operations, and a commitment to employee engagement. By adopting these...
http://www.fundinvoice.co.uk/blog/recruitment/post/video-how-recruiters-can-get-help-with-payroll-costs-administration.html - 10 Common Mistakes That Can Cause UK Companies To Fail And How To Avoid Them
Starting a business can be an exhilarating experience, but it's no secret that many businesses fail within the first few years. According to research by Fundsquire, only around 40% of businesses...
One of the most common mistakes businesses make is failing to plan adequately. A solid business plan is essential to any business, no matter the size or industry. A good plan should outline the...
Another common mistake businesses make is poor financial management. This can include not tracking expenses, failing to budget effectively, or not keeping accurate financial records. Without a good...
A business cannot succeed if it doesn't understand its target market. Failing to conduct market research can result in a business launching a product or service that doesn't meet...
Competition is a fact of life in business, and failing to understand your competitors can be a costly mistake. Make sure you understand who your competitors are, what they offer, and how you can...
The business world is constantly changing, and companies that fail to adapt can quickly fall behind. Whether it's changing technology, consumer behaviour, or economic conditions, it's...
Your employees can be your most valuable asset, and poor hiring decisions can be costly. Hiring the wrong person can result in lost productivity, low morale, and even legal issues. Take the time to...
Marketing is essential to the success of any business, but ineffective marketing can be a major roadblock to growth. Make sure you're targeting the right audience, using the right channels, and...
Relying on a single customer for the majority of your business can be a risky strategy. If that customer decides to take their business elsewhere, it could spell disaster for your company. Make sure...
Running a business can be a complex and challenging undertaking, and failing to seek expert advice can be a costly mistake. Whether it's legal advice, accounting, or marketing, don't be...
Finally, failing to seek financing when it's needed can be a major mistake. Whether you're looking to expand your business, purchase new equipment, or hire more staff, accessing finance can...
In conclusion, starting and growing a successful business is no easy feat, but by avoiding these common mistakes, you can give your company a better chance of success. Make sure you're planning...
http://www.fundinvoice.co.uk/blog/rescue/post/10-common-mistakes-that-can-cause.html - Business Turnaround Finance
Many UK businesses go through periods where they have difficulties which can lead to stress and sleepless nights for the Directors or business owners. In most cases, those challenges can be overcome...
DISCUSS FINANCE OPTIONS or call 03330 113622 for sympathetic support....
The first step is normally to produce a rescue plan. We have produced a comprehensive turnaround guide that gives suggestions on how to identify the issues that need to be tackled, and it lists a...
This article focuses on the financial aspect of that rescue plan. In some situations, it may be that other funding options are available e.g. the directors or investors injecting funds, but I am...
Cash flow is often a critical issue for struggling businesses. There are a number of factors that can create problems e.g. falling sales, rising costs or problems getting paid by customers. When a...
Business turnaround finance can create that breathing space. It is an injection of working capital that allows the company to remove some of the pressure from creditors, so the directors or owners...
See also our Guide To Finding Finance For Struggling Companies....
The other use of this type of finance can be to restructure current borrowings. This can be useful when the company is under pressure to meet the current repayment schedule for existing forms of...
When a company is doing well, finance is often easy to arrange. However, when a company undergoes a difficult period, the results of that period can limit the options that will be available....
Factoring is one type of facility that can be made available to almost all companies (that raise credit invoices to other business customers), regardless of their financial circumstances. The service...
Not all providers of factoring will help struggling companies, but there is a wide range of funders that specialise in turnaround situations. In simple terms, factoring unlocks the cash that is tied...
If you are acquiring a struggling business, specialist finance for acquisitions can help you make the payments to acquire the business, and it can also smooth out the target organisation's cash...
http://www.fundinvoice.co.uk/blog/rescue/post/business-turnaround-finance.html - Business Turnaround Guide
Turning around a company that is struggling can be difficult and many people benefit from experienced support. This is our free business turnaround guide with information about business rescue. It...
DISCUSS YOUR FUNDING ISSUES...
Firstly, a WARNING about trading whilst insolvent. Insolvency is when a business is unable to pay its debts when they fall due. There are stiff penalties for directors or business owners that...
FundInvoice LLP is a business finance brokerage that may be able to help companies find the financing that could form part of a turnaround plan. In some circumstances, there may be other alternatives...
Most businesses have problems at some point, some may need turnaround help. It may be that your sales volumes have declined or that overheads are rising. Perhaps your creditor demands are piling up...
You may need to take immediate action to ensure that your business survives the financial crisis whilst planning longer-term measures to turn your business around....
The remainder of this guide is for those who are seeking to create a business turnaround plan for their organisation. The objective of the rescue plan is to take a struggling business and set out on...
You may feel able to construct such a plan yourself using this guide, or you may choose to turn to a turnaround specialist that deals with the rescue of struggling businesses. Below are some useful...
The first step is to assess and understand your current position, and the reasons why your business is struggling. This will help you identify the possible solutions that should form part of your...
The following video explains how to understand your current situation, get to the root cause of your issues and start to pull together the elements that will drive the plan to improve your situation...
These are some of the steps that you can take to understand your current situation, writing it all out is a good way of producing a comprehensive analysis:...
Once you have a detailed and comprehensive understanding of the issues that are affecting your business, the next step is to produce a plan of the actions that you are going to take to put your...
It is good practice to gather together some or all of the stakeholders in your business, to brainstorm ideas to solve the problems that you are facing. This is a similar process to that followed by...
You should set out your objectives at the beginning of the plan e.g. is it to become cash-positive, or to boost sales above a particular level? Objectives should be measurable e.g. set the value of...
Having targets to aim at means that you can track progress against those goals and targets as you go....
The following video sets out a list of different ideas that you might be able to use, to rescue your company and turn your situation around:...
These are possible corrective actions and corporate turnaround strategies, that might form part of your rescue plan, depending upon your circumstances:...
These are some typical sections that you might include within your turnaround plan:...
Your plan should address both short-term measures to ensure your survival e.g. additional funding to get you through the current crisis and the medium to longer-term plan to solve the issues e.g....
Depending upon your situation, you may need to provide your plan to financiers, or other parties (such as investors) so it needs to be well-prepared and thought through and you may want professional...
Government statistics about the number of insolvencies in the UK show the numbers are high, but we hope that in some cases Directors and business owners can avoid insolvency by creating and...
http://www.fundinvoice.co.uk/blog/rescue/post/business-turnaround-guide.html - Covid Related Insolvencies
An interesting piece in Business Money, from R3 (the insolvency industry body), who comment on the reduction in Q3 2020 insolvencies. Apparently the numbers were lower than in Q2 2020, despite the...
Many would have expected Covid related insolvencies to cause the number of corporate insolvencies to increase, as the effects of the Covid-19 pandemic takes its toll....
However, as the article suggests, it would appear that the unprecedented level of Government support is lowering the numbers. The UK Government have supported businesses in multiple ways:...
The article states that the ONS found that 18% of businesses said that they faced a moderate to severe risk of insolvency....
Note: More about support for struggling companies....
The real concern is over the future for UK businesses. Especially in the light of the imminent second lockdown that is about to wreak havoc on what is a key selling season for many....
The assumption is that these Government measures will help get them through these difficult times, which they very well might. However, there will undoubtedly be some "zombie companies" within the...
This is more a note of caution for the future, a future where we could see insolvencies surge and much of the debt owed to the Government being unpaid. I have already heard of debt collectors being...
There will be options that might mitigate some of those cases. Restructuring finances can form part of a business turnaround plan that can lead to companies being rescued from potential insolvency....
These failures will have a knock on effect upon the rest of us. If a business fails owing money to other businesses that can cripple the cash flow of a supplier that is otherwise sound. Spreading a...
http://www.fundinvoice.co.uk/blog/rescue/post/covid-related-insolvencies.html - Facing Insolvency
If your company is facing insolvency it can be a lonely place, where it may feel like there is nowhere to turn. There is support available if you are worried about becoming insolvent....
WARNING: Firstly, it must be made clear that there are strict UK laws against trading whilst insolvent. If you are insolvent you should consult a licenced Insolvency Practitioner immediately....
We have contacts in the insolvency field and also in business turnaround. We can put you in touch with insolvency practitioners who will take a sympathetic view of your situation and try and help you...
We have also put together a free Company Turnaround guide that sets out some ideas that might be useful if you are formulating a plan to avoid failure or becoming insolvent....
The aspect of turnaround that we specialise in is finding you the finance to help you escape a difficult situation. If you are being pressured by creditors or HMRC, we may be able to arrange funding...
Also, see our guide to raising business finance if you are struggling....
It may be that you need a combination of measures to help you, perhaps some guidance from a turnaround expert and some finance to stop the creditor pressure and create some breathing space....
Businesses often think that no one will provide finance to companies that have poor financials, poor personal or business credit ratings or other adverse information such as CCJs, prior bankruptcies...
http://www.fundinvoice.co.uk/blog/rescue/post/facing-insolvency.html - Finding Finance For A Struggling Business
Finding finance for a struggling business can be tough but at FundInvoice we have plenty of options available for any company that is struggling....
COMPARE QUOTES NOW...
Below is more detail about the options that may be available to you if your company is in trouble....
Running a business can be a rewarding but challenging journey, and sometimes even the most well-prepared companies face financial difficulties. If you find your business struggling financially,...
In this article, we explore practical and effective ways to find finance for a struggling business....
Before seeking funding, it’s crucial to understand your financial situation clearly. Start by reviewing your cash flow, liabilities, and outstanding receivables....
For help see our material on How To Write A Cash Flow Improvement Plan....
Identify the root causes of the financial struggles. Do they stem from declining sales, unexpected expenses, or delayed customer payments? By pinpointing the issue, you can identify remedial steps...
For help with the steps to rescue a struggling business see our Business Turnaround Guide....
If you have financial struggles traditional sources of financing may not be so readily available. For instance, banks may not be so willing to offer an overdraft or provide a business loan. Often...
There are a growing number of alternative finance options that are likely to be available to a UK company that is struggling....
If your business is struggling due to cash flow issues caused by delayed customer payments, invoice finance could be one solution. This type of financing allows you to unlock the value of your unpaid...
One particular product within that product umbrella is turnaround factoring which is very likely to be available to companies in financial trouble. It is designed to help them on the road to...
The UK Government has launched an online Artificial Intelligence AI chat service which you could try. You can use that tool to access any help that may be available....
If you have existing loans or credit facilities, reaching out to your lenders can sometimes yield positive results. Many lenders are open to restructuring repayment terms or providing additional...
If navigating the financing landscape feels overwhelming, consulting with a business finance broker can make the process more manageable. Brokers specialise in connecting businesses with the right...
Solutions such as factoring can be made available to all sizes of business including small businesses. In some cases you can selectively choose the invoices you want funded to avoid any ongoing...
When applying for finance, it’s essential to present a strong business case. Prepare detailed financial projections, explain how the funds will be used, and outline your plans for recovery....
Another often overlooked option is negotiating with your suppliers. If your struggles are temporary, many suppliers are willing to extend payment terms or offer discounts for early payments. This can...
For more ideas see our article on Solving Cash Flow Problems....
While finding finance can solve immediate problems, it’s also essential to address the underlying causes of your business’s struggles. Implement robust financial management practices,...
Finding finance for a struggling business requires a proactive approach and a clear understanding of your options. By exploring avenues such as invoice finance and alternative funding solutions, you...
http://www.fundinvoice.co.uk/blog/rescue/post/finding-finance-for-a-struggling-business.html - How To Survive A Financial Crisis
Surviving a financial crisis requires urgent action. Businesses can face challenges at any time so this post has some useful advice if you are facing difficulties and want support about how to...
Sometimes it helps just to have a confidential chat with a friendly business expert. You are welcome to call Sean on 03330 113622, he runs our Cash Flow Clinic support groups via social media....
My definition of a "financial crisis" is:...
"The point when the supply of money to a business exceeds the demands placed upon it"....
At that point, the business faces a financial challenge that could threaten its ability to continue to trade, this can also be called a cash flow crisis in some cases, where the liquidity of a...
A financial crisis can occur for many different reasons including:...
Whatever the cause, taking rapid action can help ensure the survival of a business through difficult times. These are a few ideas about how to survive a financial crisis that might be helpful:...
http://www.fundinvoice.co.uk/blog/rescue/post/how-to-survive-a-financial-crisis.html - Invoice Finance Despite Defaults
Do you need invoice finance despite having defaults? The good news is that we have relationships with funders that are likely to be able to help you, whatever your financial circumstances and...
SPEAK TO AN EXPERT CONFIDENTIALLY or call Sean on 03330 113622....
Many business owners go through difficult times, especially in the wake of the pandemic. This can result in defaults on debts which can in turn make it difficult to get credit again. There are...
A default can be defined as: "the failure to fulfill an obligation e.g. to make repayments on a loan or a credit card"....
These can be recorded on your credit file with various credit agencies. They can affect your credit history and make some type of finance e.g. loans, difficult to access. There are other forms of...
One of our areas of expertise is helping those with a previous poor credit history find business finance. Not all lenders have the same risk critieria, in fact they vary dramatically. One bank might...
We deal with various forms of business finance, but invoice factoring is worth a particular mention. It can be offered to businesses that have all manner of previous credit problems, both personal...
By having the right funding partners, we are often able to help find business finance for those companies in the following situations:...
http://www.fundinvoice.co.uk/blog/rescue/post/invoice-finance-despite-defaults.html - How Optimum Finance Are Helping Turnaround Struggling Businesses
As part of developing our package of measures to help turnaround struggling businesses, we caught up with Lynn-Marie Jameson of Optimum Finance, to find out how they can support companies that are...
APPLY TO OPTIMUM FINANCE (it takes just 60 seconds to get a decision and a price quote)....
Lynn-Marie Jameson, commercial director at Optimum Finance said:...
There is no doubt that in the current climate there are business who have had to formulate a turnaround plan. Many of our team have been involved in these types of discussions with our clients, their...
As long as there is open dialogue with any SME and we are able to see a clear route to get back on track, it makes it an easy decision to support a business. Being open about the changes you are...
Due to HMRC deferring their VAT payments and the government providing even more funding, we are yet to see the real impact that the last 9 months will have had. We do know, however, that many...
In order to maximise the cash available to businesses, we always look at the opportunities within a company to improve their margins. Is your pricing fit for purpose in this current market? Have your...
Having a clear vision of your cash requirements over the short and medium term is hugely important when looking for funding. This helps demonstrate that you are on top of your costs and know what you...
We are supporting businesses through these tough times and are absolutely open to supporting more....
CONTACT OPTIMUM FINANCE...
Optimum Finance is a Bristol-based specialist provider of payment solutions operating UK-wide. Established in 2017, the company’s highly experienced team boasts an extensive client list...
http://www.fundinvoice.co.uk/blog/rescue/post/support-to-turnaround-struggling-businesses-from-optimum-finance.html - 17% Are More Likely To Trust A Business Finance Website That Ranks Highly In Search Engines
Continuing to build on the results from our survey of 100 businesses about what establishes trust with a business finance website, nearly 17% of the responses to the question we posed about what...
High rankings in a search engine seems an odd way to determine whether a webiste it trustworthy, and it probably attributes more faith in the rigour of the checks made by search engines than is...
We all need to get on with our SEO activities!...
http://www.fundinvoice.co.uk/blog/research/post/1-are-more-likely-to-trust-a-business-finance-website-that-ranks-highly-in-search-engines.html - 79% Of High Growth Businesses Want More Finance For Additional Growth
We recently surveyed 100 high growth businesses (defining high growth as 20% or more turnover growth in the last year). We asked them: "If you had more finance available to your business could you...
It is rare to see such a definitive answer so this clearly identifies a very obvious funding gap amongst fast growing UK companies....
Invoice finance, such as invoice discounting and factoring, continues to be an ideal funding solution for high growth companies but it remains low profile despite 12% of the respondents to our survey...
http://www.fundinvoice.co.uk/blog/research/post/10-of-high-growth-businesses-want-more-finance-for-additional-growth.html - 100% of Businesses Surveyed Can't Name the Invoice Finance Industry Body
As part of our latest SME survey we asked 100 SME businesses if they could name the industry body for invoice finance....
Not a single respondent was able to give the name!...
The ABFA (Asset Based Finance Association) is the main industry body for invoice finance and these latest results highlight that the profile of the ABFA is very low, reflecting the generally low...
http://www.fundinvoice.co.uk/blog/research/post/100-of-businesses-surveyed-cant-name-the-invoice-finance-industry-body.html - 14 Percent Of New Startups Use Their Own Cash Or Family Money To Fund Their Business
It might well be the cheapest form of funding - to use your own cash or family money, but 14% of the startups that we interviewed said that they used either their own money or family money to fund...
However, you also have to factor in the loss of any return on the money that you were earning whilst it was invested. The other issue of course is that once you have spent that money it's gone -...
Either way, if only 14% of start-up businesses used their own/family money it suggests that normally an alternative source of finance is going to be needed. I will publish more soon about the other...
http://www.fundinvoice.co.uk/blog/research/post/14-of-new-startups-use-their-own-cash-or-family-money-to-fund-their-business.html - 19 Percent Of Construction Businesses Have Had An Invoice Finance/Applications Finance Quote
Of the 100 randomly selected construction sector businesses that we interviewed in our #constructionfinance survey only 19% said that they had ever received a quote for construction finance either in...
Of those 19 - 2 had subsequently taken up a facility - one with Lloyds TSB and one with Bibby....
We did a quick analysis of the reasons why the other 17 didn't go ahead after getting a quote and the results were as follows:...
Note that the number of times that some invoice finance businesses were mentioned could simply be a reflection of how active they are within the sector....
It should also be noted that since completing our survey further invoice finance companies have also moved into this construction industry niche....
http://www.fundinvoice.co.uk/blog/research/post/19-of-construction-businesses-have-had-an-invoice-financeapplications-finance-quote.html - 2 Question Survey Responses Coming In But Your Help Still Needed
Can you help please? Our short 2 question survey has received the first few responses, interesting opinions - I still need more though, so I would appreciate your help by answering just 2 easy...
I will share the results on the blog once we have a few more respondents....
http://www.fundinvoice.co.uk/blog/research/post/2-question-survey-responses-coming-in-help-needed.html - 21 Percent Plus Of Million Pound Companies Use Invoice Finance
Research and data suggests that at least 21%+ of £1M+ turnover businesses now use invoice finance....
Recent research, and my own data calculations suggest that at least 21% of UK businesses, turning over more than £1 million per annum, now use invoice finance....
My own, somewhat conservative calculations and estimates, suggest that at least 21% of companies in the £1M+ category could be using invoice funding. Research by one of the invoice finance...
Either way, this is a significant penetration, for over 1 in 5 companies of size, to be using receivables financing....
The correlations between usage, and turnover of £1M+ is likely to be driven by a number of possible factors....
Firstly, the provider's criteria tend to target these larger businesses. This is not true of all providers, some of the selective funders will accept single invoices from companies for just a...
Secondly, a reasonable volume of turnover around that level, can achieve economies of scale for invoice finance pricing. The majority of whole turnover providers include some form of minimum fee with...
The significant opportunity is for funders to target the sub £1M turnover segment. Usage amongst smaller companies is currently much lower, so there is an opportunity to convert more of these...
Related article: Funding Startups And Small Companies....
http://www.fundinvoice.co.uk/blog/research/post/21-percent-of-million-pound-companies-use-invoice-finance.html - 28% Of Businesses Want Instant Online Set Up & Approval For Invoice Finance
In our recent poll of 100 SME businesses, we asked them what they thought was missing from the invoice finance market. After "flexibility" of funding - which was the most popular response, 28% of...
This reflects the growing demand we have seen for online access to financial products as businesses have become more comfortable with the concept of accessing funding via online sources....
To compare quotes for invoice finance complete this online request, which is free and without obligation contact us....
http://www.fundinvoice.co.uk/blog/research/post/28-of-businesses-want-instant-online-set-up-approval-for-invoice-finance.html - What If 29 Per Cent Of Invoice Finance Users Fall Outside Of UK Finance
Industry trade bodies give reassurance to customers in a number of ways. Firstly, there is normally an application and assessment process, that brings some rigour to membership, which can in turn...
Secondly, as is the case with UK Finance, the industry trade body for the invoice finance sector, they may operate a complaints process which is arbitrated, independently of their members....
Whilst the majority of customers are very happy with the service that they are receiving, this again gives customers reassurance that if the relationship with a member breaks down, they have the...
Also, in the case of UK Finance, their members have a transfer protocol that smooths the transfer process for clients who want to leave their current provider. This may not seem important up front,...
UK Finance is the new umbrella organisation that has absorbed what used to be called the ABFA (Asset-Based Finance Association). My count of their members, against my estimate of the number of...
My previous post suggested that, based on a piece of recent research and some extrapolation of the numbers, there could be over 16K clients that now fall outside of UK Finance. That could account for...
There are a number of questions that could be prudent, for the 29% to ask, before taking up a facility with an invoice finance company that is not a member of UK Finance....
In some cases, there may still be good reason to take up a facility with a non-member organisation, despite not having some of the above benefits. For example, the type of facility offered, and the...
http://www.fundinvoice.co.uk/blog/research/post/29-percent-invoice-finance-users-outside-uk-finance.html - 3.8 Years Average Time With Invoice Discounter
Our survey of 56 invoice discounting clients revealed that on average they had been with their existing invoice discounting company for 3.8 years. That is slightly higher than the results from our...
http://www.fundinvoice.co.uk/blog/research/post/3-8-years-average-time-with-invoice-discounter.html - 32 Percent Of New Start Businesses Used A Bank Loan To Fund Their New Business
So in addition to the 52% of new start businesses that used a bank overdraft to fund their business, a further 32% of the 100 respondents to our market research survey of new start-up businesses used...
In total that is 84% of new start up businesses that were using some form of traditional bank finance in order to fund their startup....
There are some very interesting results to follow shortly about the lack of adequacy of that funding and the consequences of the funding restrictions that these new start businesses experienced....
See our related article about: Start Up Loans For New Businesses...
These results complete the picture of how the new start-up businesses in our market research survey said they funded their new business:...
http://www.fundinvoice.co.uk/blog/research/post/32-of-new-start-businesses-used-a-bank-loan-to-fund-their-new-business.html - 4 More Pieces Of Advice From Business Owners For New Start Up Businesses
Below are 4 more pieces of advice from our #startups market research survey, from business owners for people starting their own new start up businesses. These follow on from the top 3 pieces of...
The remainder of the results from the start ups survey will follow soon....
http://www.fundinvoice.co.uk/blog/research/post/4-more-pieces-of-advice-from-business-owners-for-new-start-up-businesses.html - 42 Percent Of SMEs Can Not Name Any Invoice Finance Companies
As part of our recent invoice finance-related survey we asked 100 SME businesses to tell us the first invoice finance companies that came into their mind....
Our expectations were that their answers would reflect the handful of proactive invoice finance companies that are doing a good job of promoting themselves. However, some aspects of the resulting...
Learn more about SME Invoice Finance....
That's nearly half of the business population, very much the target market for invoice finance, that have such low levels of awareness of these products that they can't name even a single...
http://www.fundinvoice.co.uk/blog/research/post/42-of-smes-cant-name-any-invoice-finance-companies.html - 48% Of Loan Funding To High Growth Businesses Is Inadequate
Our survey of high growth businesses recently revealed that 59% of them did not have enough funding and we went on to ask those what type of funding they were using....
The results were as follows (note one respondent could use multiple sources of finance): 47.9% Loan 32.4% Overdraft 19.7% Family MoneyNone of the 12 respondents that used invoice finance had...
This clearly demonstrates that invoice finance is highly suited to funding high growth businesses where traditional funding sources such as overdraft and loan are often inadequate....
http://www.fundinvoice.co.uk/blog/research/post/48-of-loan-funding-to-high-growth-businesses-is-inadequate.html - 49% Of SME Businesses Expect To Have Insufficient Cash
In our recent research survey, 49% of the SME businesses that were interviewed said that they expected the biggest challenge facing them this year to be having insufficient cash....
This should present a huge opportunity for the invoice finance industry - the need for cash is apparently the biggest issue facing small and medium sized businesses which confirms there is a need for...
http://www.fundinvoice.co.uk/blog/research/post/49-of-sme-businesses-expect-to-have-insufficient-cash.html - 52 Percent Of Startups Said They Used Overdraft To Fund Their New Business
More results from our market research survey of 100 start-up businesses. We found that 52% of the startups that we interviewed said that they used a bank overdraft to fund their new start business....
It is interesting that since I highlighted our findings that showed that new start-ups didn't think they would be suited to invoice finance and hence only 4% of new start businesses even...
I was also interested to note and retweet a tweet (there is a button linking to my Twitter feed at the top of the right-hand column) from Aldermore Bank (who have an invoice finance arm) sharing...
http://www.fundinvoice.co.uk/blog/research/post/52-of-start-ups-said-they-used-overdraft-to-fund-their-new-business.html - 56 Percent of SMEs Prefer An Independent Invoice Finance Company
We asked 100 SMEs whether they would prefer a bank-owned invoice finance company or an independent invoice finance company....
The results were as follows:...
This is an interesting result when you consider that bank-owned invoice finance companies have a much larger share of the invoice finance market than the independents despite the fact the suggestion...
Learn more about SME Invoice Finance....
I will be looking at the reasons why over the next few days....
http://www.fundinvoice.co.uk/blog/research/post/56-of-smes-prefer-an-independent-invoice-finance-company.html - 59 Percent Of Fast Growth Businesses Don't Have Sufficient Finance
The available finance is not enough to support many high-growth UK businesses. In our recent market research survey of 100 fast-growth businesses (high/fast growth being defined as 20%+ turnover...
Worrying news for the UK economy when you couple that with our previous survey of businesses generally that found that all of those questioned said that they could exceed their growth projections...
Despite these results, fast-growth finance remains available yet elusive to businesses - more to follow on that subject....
See our related post on Scale Up Finance....
http://www.fundinvoice.co.uk/blog/research/post/59-of-fast-growth-businesses-dont-have-sufficient-finance.html - 59% Of High Growth Companies Don't Have Enough Funding
Further results from our market research survey of 100 high growth companies (turnover growing at 20% or more per annum)....
59% of fast growing businesses said that they did not have enough funding to support their current growth rate. Amongst those businesses that did not have enough funding, none of them was using...
All 12 of the respondents that were using invoice finance said that they did have enough funding to support their current growth rate. Testimony to the flexibility of invoice finance, factoring and...
These survey results support what everyone in the invoice finance industry instinctively knows, high growth businesses are highly suited to factoring and invoice discounting. As a company over trades...
http://www.fundinvoice.co.uk/blog/research/post/59-of-high-growth-companies-dont-have-enough-funding.html - 65 Percent Of Construction Businesses Need To Raise Finance
My previous post was that only 2% of construction sector businesses (we surveyed 100 randomly selected #construction businesses) said they used invoice finance or finance against applications for...
We went on to question them about their future funding requirements and 65% said that they expected to need to raise further finance during the course of the next 12 months!...
This should present a huge potential funding opportunity for the invoice finance sector to provide funding to construction businesses. Although construction finance is not offered by all invoice...
http://www.fundinvoice.co.uk/blog/research/post/65-of-construction-businesses-need-to-raise-finance.html - 68% Would Recommend Invoice Finance To Fast Growing Companies
New article sharing our research amongst existing invoice finance users. It confirms that the vast majority are happy to recommend invoice finance as a source of funding for fast growing companies:...
http://www.fundinvoice.co.uk/blog/research/post/68-would-recommend-invoice-finance-to-fast-growing-companies.html - 7 Times Higher Awareness Of Payday Loans Than IF
New research shows awareness of payday loans is 7 times higher, and crowdfunding 6.5 times higher, than factoring and discounting: Article...
http://www.fundinvoice.co.uk/blog/research/post/7-times-higher-awareness-of-payday-loans-than-if.html - 73 Percent Of SMEs That Prefer A Bank Do So Because Its A Well Known Name
In our survey of 100 SMEs, only 33% said they would prefer to use a bank-owned invoice finance company. Of that, 33% - 73% of them, nearly three quarters, said that the reason for their preference...
Find out more about SME Invoice Finance....
There would appear to be some element of trust arising from dealing with a well-known name, such as a bank. Bearing in mind that already, 56% of SMEs would prefer to use an independent invoice...
http://www.fundinvoice.co.uk/blog/research/post/73-of-smes-that-prefer-a-bank-because-its-a-well-known-name.html - 78% Haven't Price Checked Their Invoice Finance Costs
Recent research suggests that 78% of existing invoice finance users have not price checked their invoice finance costs, against the market, over the course of the last year. Read the full article:...
http://www.fundinvoice.co.uk/blog/research/post/78-havent-price-checked-their-invoice-finance-costs.html - 86 Percent Business Funding Success Rate
Every year we like to check our key statistics to see how we are performing. One of the key things that we track is our success rate at finding prospects the funding that they are looking for. We...
When we reviewed our numbers over the last year, we found that we have been able to find 86% of prospects the funding that they wanted. That is a pretty good 86% buasiness funding success rate*....
We cannot always guarantee that we have been able to find the exact facility, or the rates that a prospect wants, but that success rate does demonstrate that you are likely to be approved for a...
Our recent focus has been on identifying new partners that are able to help fund companies, regardless of their financial circumstances. This means that even where the Directors are not homeowners,...
Even in situations where there have been personal or company county court judgements, we have funding partners on our panel that will look past that and take a supportive approach. ...
We are very aware of that the pandemic is causing many businesses to struggle, so we are trying to assist as many of them as possible. We have produced a company turnaround guide to help. It is...
*NOTE: Prospects identified as potential fraudulent applications have been removed from the calculation....
http://www.fundinvoice.co.uk/blog/research/post/86-percent-business-funding-success-rate.html - 87% Are Not Swayed By Celebrity Endorsements
We have conducted a lot of market research into online web related buying habits in order to improve our own....
Another statistic from our market research survey of 100 SME businesses. We asked them if they thought that businesses were more likely to buy from companies that had celebrity endorsements on their...
It would seem that the cost of such endorsements may not be money well spent!...
http://www.fundinvoice.co.uk/blog/research/post/87-are-not-swayed-by-celebrity-endorsements.html - We Found 92 Percent Of Our Prospects The Funding They Wanted
NOTE: THESE FIGURES HAVE SINCE BEEN UPDATED...
I have read recently a number of statistics about businesses being unable to access sufficient funding, for example:...
A range of between 31% and 77% being unable to access the funding that they needed depending on which survey you look at....
We therefore reviewed the last 50 new prospects that we have dealt with in order to see how many we were able to find funding for....
This is a far better performance than any of the research statistics above and it far outperforms the range of those results. Not all of the prospects may have proceeded but that does not detract...
If you are having trouble finding finance perhaps we can help you find alternatives....
http://www.fundinvoice.co.uk/blog/research/post/92-of-our-prospects-found-funding-wanted.html - 93 Percent of SMEs Think the UK Government Should Promote Invoice Finance
Finally, we have the results from our 5th survey group! There was some unsolicited suggestion in one of our previous surveys that the UK government should promote invoice finance and that not all...
93% of the respondents said yes, that they thought that the UK government should promote invoice finance as an option to help meet the government's targets for funding UK business....
This is resounding support for invoice finance as a funding option for UK businesses and a call for government-backed promotion of these useful cash flow products....
http://www.fundinvoice.co.uk/blog/research/post/93-of-smes-think-uk-government-should-promote-invoice-finance.html - 96 Percent Of New Startups Do Not Even Consider Invoice Finance As A Possible Funding Source
I have new results just in from our new business start-ups survey. We interviewed 100 new start-up businesses about how they funded their business. The target list was all businesses that were...
We asked a number of questions and I will share their responses over time but the first statistic that I want to share is this: 96% of the respondents didn't even consider startup invoice...
Over the next few days, I will share their responses about why the vast majority of new start businesses didn't even consider invoice finance as a funding source for their startup....
http://www.fundinvoice.co.uk/blog/research/post/96-of-new-startups-dont-even-consider-invoice-finance-as-a-possible-funding-source.html - 96% Think Invoice Finance Can Tackle UK's Late Payment Culture
New research suggests that widening the use of invoice finance could be instrumental in tackling the UK's late payment culture: 96% Think Invoice Finance Can Tackle UK's Late Payment Culture...
http://www.fundinvoice.co.uk/blog/research/post/96-think-invoice-finance-can-tackle-uks-late-payment-culture.html - ABFA Briefing On Our Invoice Finance Research Findings
I was pleased to be able to brief the Asset Based Finance Association (ABFA - the industry body for the UK invoice finance market) on the results that have arisen from our invoice finance research...
The presentation (in Powerpoint) that I used as a basis for the discussion can be found here: ABFA Briefing...
This follows us being asked to brief one fo the major high street banks recently, and continues to build on our strategy of sharing our research findings, free of charge, in order to try and bring...
A full list of our research materials can be found here: Invoice Finance Research Archive....
http://www.fundinvoice.co.uk/blog/research/post/abfa-briefing-on-our-invoice-finance-research-findings.html - The ABFA UK Finance Statics Only Available To Members?
Statistics about the invoice finance and asset based finance industry have been produced for many years by what was the ABFA (Asset Based Finance Association). The ABFA have now become part of UK...
The statistics pull together a broad range of information about the clients of it's members, including sales volumes, levels of advances, numbers of clients, industry sectors etc. There were...
I was just putting together an article that mentioned the high proportion of receivables financing users that are drawn from the recruitment sector (17% according to our rather dated research) and I...
The latest set of quarterly figures are still available on the site, but apparently non members can no longer access the historic stats. This is a shame as they were useful background information...
I can see that at present there are two previous quarters PDFs of stats posted, and I did spot a note saying that you could contact UK Finance to see what stats could be available to you. It's...
Research - See our receivables finance research archive....
http://www.fundinvoice.co.uk/blog/research/post/abfa-uk-finance-statistics.html - Roundtable Discussion
I have been invited to attend a round table discussion regarding "Big Opportunities for Business Growth"....
I have also put forward the following question should there be time to address it:...
A POSSIBLE QUESTION FOR DEBATE...
Our recent survey of 100 businesses showed that:...
In previous of our surveys:...
Question:...
In view of the lack of access to funding that UK businesses continually report, how can the low level of awareness and understanding of invoice finance best be addressed to give those businesses...
I look forward to the debate!...
http://www.fundinvoice.co.uk/blog/research/post/abn-amro-commercial-finance-breakfast-briefing-big-opportunities-for-business-growth-roundtable-discussion.html - Business Growth And Alternative Funding Discussion
I was invited to this morning's round table debate "Big Opportunities for Business Growth", which which I attended....
It was an interesting debate that encompassed:...
The essence of the discussion was that it is down to everyone to seek growth. Businesses for their own sakes but also the government to incentivise and encourage growth and a positive culture for...
It was recognised that the risk appetite of businesses generally has lessened but organic growth should still be a goal even if mergers and acquistions may not be as common as they once were....
The important role of banks was recognised and how they are businesses too, responding to the competing pressures on them, but they remain key to getting both mainstream funding to businesses and to...
New sources of finance such as crowd funding seem promising emerging options but again they are not well known. Similarly, for those that want to fund single invoices or batches of invoices there are...
Zombie companies were mentioned - the concept of the "walking dead" - businesses that are carrying so much debt that the most minor or setbacks will cause them to fail but they struggle on all the...
The ability to use invoice finance in order to replace and exceed overdraft funding was also discussed....
Overall it was a fascinating debate....
http://www.fundinvoice.co.uk/blog/research/post/abn-amro-commercial-finance-business-growth-alternative-funding-discussion.html - Research Expects Growth
Interesting findings from a piece of research conducted by an invoice finance company recently. They found that 69% of the businesses that they spoke to were expecting pro active growth in the not...
http://www.fundinvoice.co.uk/blog/research/post/abn-amro-commercial-finance-research-expects-growth.html - Additional Support And Advice That New Start Up Businesses Want
We asked 100 new start-up businesses what additional support and advice would have helped them when they first started their business....
Of the 32% of start-ups that said they wanted more support and advice, this was what they asked for:...
The results above show that nearly a third of new start-up businesses say they want more support and advice. The advice they want is from their bank and their accountant and it centres around...
See our free Startup Guide...
http://www.fundinvoice.co.uk/blog/research/post/additional-support-advice-that-new-start-up-businesses-want.html - Are Banks, Banking Packages & Banking Offers The Key To Growing Invoice Finance?
Much of our research has shown that invoice finance is not well known within business circles. Some 41% of businesses thought that lack of knowledge/promotion was the key reason for invoice finance...
Our attention turned to what should be done about that. Therefore, we questioned 100 SMEs and asked them the following question: "Our research suggested that invoice finance is not well known amongst...
The top answer, from 27% of the respondents was - "banks advertising it as part of banking packages or bank offers"....
There appears to be an assumption amongst businesses that banks hold the key to growing the number of invoice finance users in the UK. Futher results will follow shortly - these suggest a number of...
http://www.fundinvoice.co.uk/blog/research/post/are-banks-banking-packages-offers-the-key-to-growing-invoice-finance.html - Are Banks Cutting Back On Credit For Business Finance?
We surveyed 100 SMEs and asked them if they anticipated problems raising business finance during 2011. 59% said they did and we went on to ask the 59% why....
The top response, from 39% (23 respondents) of those that anticipated problems raising finance, was that they thought that banks were cutting back on credit....
A curious perception as the major banks have been targetted to increase their lending to SMEs and our experience is that there is credit still available. We are still managing to help businesses that...
http://www.fundinvoice.co.uk/blog/research/post/are-banks-cutting-back-on-credit-business-finance.html - Are UK Businesses Being Over Optimistic
Are UK businesses being over-optimistic about the UK economy?...
We recently published results of our market research survey of 100 SMEs that 73% of SMEs thought that the UK economy would improve over the course of 2010. 17% thought it would stay the same and only...
The results are certainly in keeping with the prevailing opinions on various news sites and blogs around the web about the UK economy. However, there are a number of economic threats looming, not...
Maybe those 10% of SMEs may be proven right after all!...
http://www.fundinvoice.co.uk/blog/research/post/are-uk-businesses-being-over-optimistic.html - Article Published In Commercial Finance Today By Commercial Finance People
My thanks to Prue Heron at Commercial Finance People for her kind invitation to publish my article "Why Don't More Businesses Use Invoice Finance" in their monthly enewsletter - Commercial Finance...
Commercial Finance Today is compiled by Commercial Finance People, a long established recruitment consultancy specialising in the Invoice Finance/ABL, Banking, Leasing/Asset Finance and...
http://www.fundinvoice.co.uk/blog/research/post/article-published-in-commercial-finance-today.html - Article Published The 8 Most Well Known Invoice Finance Companies
Commercial Finance Today have just published my recent article: The 8 Most Well Known Invoice Finance Companies....
http://www.fundinvoice.co.uk/blog/research/post/article-published-the-8-most-well-known-invoice-finance-companies.html - Average Business Loan Represents Just 4.7 Percent Of Sales Ledger
In our SME survey we asked SME businesses if they had business loans and if so what percentage it represented of their outstanding sales ledger. Of the 7% that had a business loan, the average value...
This figure is much lower than that for invoice finance, which can be an alternative to getting a business loan. Recent figures from the ABFA showed that the ratio of pure invoice finance funding to...
http://www.fundinvoice.co.uk/blog/research/post/average-business-loan-represents-just-47-of-sales-ledger.html - Average Time Using Invoice Finance Is 5.28 Years
On average businesses said they had been using invoice finance for 5.28 years....
We have just completed our new survey of 100 randomly selected existing users of invoice finance. We asked them a number of questions about who they used, what they thought etc and one of the first...
That client life is interesting as it suggests that on average invoice finance is being used on a medium-term basis i.e. not just to finance one transaction (although that is possible). Instead with...
More findings will follow - watch this space!...
http://www.fundinvoice.co.uk/blog/research/post/average-time-using-invoice-finance-years.html - Banks Not Increasing Overdrafts - Lending Survey Results
We asked 100 SMEs if their overdraft had increased, decreased or stayed the same over the course of the last year....
Not a single respondent reported an increase in their overdraft over the last year, more evidence that the banks are not increasing overdraft lending to SMEs....
http://www.fundinvoice.co.uk/blog/research/post/banks-not-increasing-lendingoverdrafts-survey-results.html - Bibby Recruitment Research Shows Reduction In EU Candidates
New UK recruitment sector Recruiting Times research, published by Bibby Financial Services, shows that 50%, of the 250 recruiters interviewed, had seen a reduction in the number of candidates from EU...
This is an indication that EU candidates and/or UK recruiters may be anticipating future issues once the UK leaves the European Union, currently scheduled for March 2019....
This was in spite of a "skills shortage" being cited as the biggest challenge* faced by respondents (54%), closely followed by uncertainty over the future relationship with the EU (41%)....
The sectors where recruiters were finding roles the most challenging to fill, were reported to be:...
Only 6% stated that no sectors were difficult....
The research went on to highlight late payments as a continuing problem for recruitment agencies....
Late payments were cited as a concern for many recruiters (21%*), with 34% of those surveyed saying that they had to wait for over 30 days to receive payment from customers. In such a fast-growth...
Specialist funders that handle the staffing sector tend to offer packages of services to their recruitment customers, which can include bundles of outsourced services such as funding, credit control,...
Source: Bibby Financial Services Recruiting Times Research (Nov 2018):...
* responses to a question about their biggest concerns ...
http://www.fundinvoice.co.uk/blog/research/post/bibby-recruitment-research-nov-18.html - Business Climate & Invoice Finance Market Survey Results
The first question we asked 100 SME's was "How do you expect the economic conditions in the UK to change over the course of 2010?"....
73% of respondents expected economic conditions in the UK to improve over the course of 2010....
http://www.fundinvoice.co.uk/blog/research/post/business-climate-invoice-finance-market-survey-results-1.html - Finance For Manufacturers Becomes More Difficult.
Manufacturers are finding it more difficult to get access to the finance that they need, according to research by Wyelands Bank, published in Business Money (14/05/19)....
REQUEST FUNDING QUOTES...
The article suggests that of businesses turning over between £10M and £300M, nearly half (46%) said that they had faced challenges raising the finance that they needed. Furthermore,...
The article went on to explain that there were significant consequences, as a result of this situation. On average, each manufacturer said that they had missed out on £20M of revenue, across 11...
When those lost opportunities to create new jobs are aggregated, across the mid-sized manufacturing companies in the UK, that could account for some 175,000 jobs that have not been created, due to...
The article outlines how 64% prefer not to give up any equity in order to raise funding, however, some 34% of those have had to consider it. This would suggest a clear preference for debt-based...
Receivables financing is an ideal funding solution for manufacturers, as evidenced by the fact that more than a quarter of the UK Finance member's (formerly the ABFA) clients operate within the...
The availability of invoice discounting solutions (funding only without credit control, or even disclosure in some cases) is also often well-suited to businesses of this size. However, a lack of...
http://www.fundinvoice.co.uk/blog/research/post/business-finance-for-manufacturers-becomes-more-difficult.html - Businesses Expect 14.6% Turnover Growth During Next 12 Months
Recent figures showed a GDP (Gross Domestic Product) contraction in Q2 2012 of 0.4% but we wanted to understand the level of confidence that businesses had in future growth potential within the UK....
So as part of our recent survey of SME businesses we asked 100 business owners "by what percentage do you expect to grow your business' turnover during the next 12 months". Only a handful within our...
There were a range of answers but the average business turnover growth expected was 14.6% of turnover during the next 12 months! This would appear to demonstrate some degree of business confidence...
http://www.fundinvoice.co.uk/blog/research/post/businesses-expect-turnover-growth-during-next-12-months.html - Businesses Need GBP43.2K Funding To Grow More Than 14.6 Percent This Year
A while back we reported the results of our research study amongst 100 randomly selected SME businesses. They said that on average they expected to grow by 14.6% over the next 12 months....
We then asked them how much additional funding they would need within their business to exceed their projected growth figures. On average they said they would need an additional £43,200 of...
The interesting deduction from these findings is that with the benefit of additional funding all the businesses interviewed stated a figure (ranging from£5,000 up to £250,000) for the...
http://www.fundinvoice.co.uk/blog/research/post/businesses-funding-grow-more-this-year.html - Cash Crunch Only 7 Percent Of SME Businesses Face A Lack Of Credit
Contrary to popular opinion, our recent research survey found that only 7% of SME businesses questioned stated that a "lack of credit" was the biggest issue facing their business over the next year...
71% were concerned with cash or cash flow-related issues and 22% were concerned about the lack of sales, but lack of credit was far less apparent as an issue than we expected - particularly bearing...
Based on our research, the key issue over the next year would seem to be the "cash crunch"!...
http://www.fundinvoice.co.uk/blog/research/post/cash-crunch-only-7-of-sme-businesses-face-a-lack-of-credit.html - Newsletter Published
The July 2010 newsletter has now been published....
This issue includes articles about: How SME businesses perceive other businesses that use invoice finance How so few SMEs are able to name even one factoring company A case study where we...
http://www.fundinvoice.co.uk/blog/research/post/cashflow-acceleration-newsletter-published.html - CFT Article Published Do Clients Want Selective Invoice Finance And Auction Sites
My latest article published in Commercial Finance Today - "Do Clients Want Selective Invoice Finance and Auction Sites?"...
The article explains research findings from research that we have recently conducted with a group of SMEs regarding their views on selective invoice finance and auction sites that can be used to...
http://www.fundinvoice.co.uk/blog/research/post/cft-article-do-clients-want-selective-invoice-finance-auction-sites.html - Combination Funding More Adequate Than Single Source For Fast Growth
Building on our analysis of the responses of high growth businesses about their funding options, I reported previously that 30% used combination funding methods rather than a single source....
Correlating the use of combination funding with their ability to raise all the finance that was required, 63% of those using combination funding methods were able to raise all the finance that they...
A spread of funding options seems to be more successful in meeting the funding needs of high growth businesses, with twice as many businesses reporting that they have been able to raise sufficient...
Source: High Growth Survey 2013 (100 respondents with 20%+ turnover growth pa)....
http://www.fundinvoice.co.uk/blog/research/post/combination-funding-more-adequate-than-single-source-for-fast-growth.html - Combination Funding To Reduce Funding Risks
I was just reading a venture capital article about product/service diversification in order to reduce business risk and it occurred to me that a similar diversification may be being undertaken to...
It has long been the case that we have spoken to customers about not keeping all their eggs in one basket i.e. bank lending and invoice finance being provided by the same provider. We have seem...
Source: High Growth Survey 2013 (100 respondents with 20%+ turnover growth pa)....
http://www.fundinvoice.co.uk/blog/research/post/combination-funding-to-reduce-funding-risks.html - Comment On Alternative Finance Demand As Overdraft Approvals Reduce
I have just posted the following comment on a LinkedIn post about the demand for alternative finance as overdraft and loan approvals reduce:...
"The latest Q3 2015 SME Monitor conducted by BDRC Continental sheds some light on this (5,000 SME sample interviewed). 80% of all loan and overdraft applications, in the last 18 months, resulted in a...
My interpretation of this data is that whilst the majority of businesses may be "finance adverse" there is still a significant proportion that need external finance and they cannot be overlooked just...
http://www.fundinvoice.co.uk/blog/research/post/comment-on-alternative-finance-demand-overdraft-approvals.html - How Important It Is To Compare Factoring Prices
We have updated our mystery shopper research in order to compare factoring prices between different providers....
You can check your pricing against our panel of providers....
Interesting results; there is a huge pricing differential between the top and bottom of the table....
We found that the range of costs quoted (estimated service charge and discount charge combined, based on a small factoring client) revealed a difference in pricing of 165% between the cheapest price...
This means that the highest pricing was approximately 2.7 times more annually than the lowest price - a huge difference....
The graph to the left shows each factoring company's combined service charge and discount charge pricing, with the total estimated cost (based on assumptions about the level of borrowing, etc.)...
Need an explanation of how the costs of factoring work?...
The line also shows that it is not a case of most quotes being similar, and just one or two being at the extremes. In fact, is shows that there were steady incremental pricing increases between the...
Looking at just the service charge, the range was even bigger. There was a 203% difference between the cheapest factoring company and the most expensive....
This only goes to demonstrate how important it is to search for factoring quotes before you commit to a particular provider....
There were a number of other differences that were highlighted by our study:...
In some, but not all cases, there was a minimum service charge quoted. This can be a charge if your business fails to achieve the level of factored turnover anticipated....
In some, but not all cases, there was a minimum base rate quoted. That means that even if the base rate is low, 0.25% at present, you can still be charged a higher rate because of the minimum set in...
If you need help finding the best factoring quote for your circumstances, please either contact us or speak to Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/research/post/compare-factoring-prices.html - Concentration Of Fast Growing Businesses Using Invoice Finance 14 Times Higher
The concentration of fast growing businesses (20%+ turnover growth pa) using invoice finance was found to be approximately 14 times higher than the general average, in our High Growth Survey 2013....
This reflects the advantages of using invoice finance when you are undergoing fast growth. The finance is linked to the invoices that you raise i.e. as you raise more and more invoices so the level...
http://www.fundinvoice.co.uk/blog/research/post/concentration-of-fast-growing-businesses-using-invoice-finance-14-times-higher.html - Comparison Of Quotes for Confidential Invoice Discounting 86 Percent Difference
This is a comparison of the confidential invoice discounting quotes that we checked for a company recently. Also known as CID, this kind of facility provides funding but allows the prospect to retain...
Although we wouldn't introduce a prospect to so many providers, we checked prices across a range of different invoice discounting companies to see the range of quotes that the client might...
This is how the various quotes for confidential invoice discounting look when the overall cost is compared in a chart, with the prices ordered from the lowest to the highest overall cost:...
The pricing differential between the cheapest invoice finance option and most expensive prices was a massive 86%. So if you were to pick the wrong providers you might end up paying 86% more each year...
You can see from the chart that it's not just a case of one provider being exceptionally cheap or expensive. The quotes received all varied and were spread across the overall range. This is...
In some cases of course its a case of trying to find someone that will be able to fund a difficult client, and hence you might expect to pay more, although this was not the case here. The client was...
The differences in the other terms of the facilities were also minimal....
Businesses are warned not to rely on all lists of invoice finance companies that they might find online. Recently I came across such a list, on a well respected site for people looking to start new...
Source: Confidential Invoice Discounting Pricing Comparison - January 2018* We calculated the expected service charge based on the projected turnover, and the discount charge based on anticipated...
http://www.fundinvoice.co.uk/blog/research/post/confidential-invoice-discounting-quotes-comparison.html - Confirmed 87% Say Using Invoice Finance Enabled Their Growth
Our recent research has confirmed that use of invoice finance can enable business growth: Confirmed 87% Say Using Invoice Finance Enabled Their Growth....
http://www.fundinvoice.co.uk/blog/research/post/confirmed-87-say-using-invoice-finance-enabled-their-growth.html - Confirmed - Awards Make Businesses More Likely To Buy From Your Website
In our market research survey of 100 SME businesses we asked them about their buying behaviour from finance websites. One question we posed was "If the following things appear on a company website do...
The result was the a unanimous 100% of respondents said that the presence of awards on a company's website would make them more likely to buy from that business....
http://www.fundinvoice.co.uk/blog/research/post/confirmed-awards-make-businesses-more-likely-to-buy-from-your-website.html - 85 Percent Of Construction Businesses Would Benefit From Immediate Payments Against Uncertified Applications For Payment
The construction sector is an area that several invoice finance companies now fund and we have successfully assisted many construction sector businesses find funding. To better understand the...
One of the key issues within the construction sector is that in many cases businesses do not raise invoices for payment but they present applications for payment to their customers against which the...
So to gauge the level of demand for funding against uncertified applications for payment we asked: "Would your business benefit from receiving immediate funding against applications for payment which...
To get quotations for funding against construction sector invoices or applications for payment, without obligation, contact us....
http://www.fundinvoice.co.uk/blog/research/post/construction-businesses-benefit-from-immediate-payments-against-uncertified-applications-for-payment.html - Construction Finance Against Invoices Not Applications For Payment
There has been much focus on construction finance against uncertified applications for payment but in 25% of cases, construction businesses just raise straight credit sales invoices rather than...
We didn't find that any of these 25% of construction sector businesses used invoice finance, despite raising credit invoices that could be eligible for funding. Of that segment, 24% of them said...
Even invoice finance companies that don't want to fund payment applications could attack this segment of the construction market where the client raises credit sales invoices and nearly a...
For a quotation for construction finance against either credit sales invoices or applications for payment follow the "REQUEST QUOTE SEARCH" link on the right-hand side of this page....
http://www.fundinvoice.co.uk/blog/research/post/construction-finance-against-invoices-not-applications-for-payment.html - Construction Finance Invoice Finance Applications For Payment Finance
Further results from our #constructionfinance research study during which we questioned 100 randomly selected construction businesses about their finance-related requirements....
We asked them if they used any form of invoice finance or finance against applications for payment and of the 100 businesses interviewed only 2 said that they did use invoice finance or applications...
This suggests that the market penetration of this sector is very low - there are a lot more construction businesses that could benefit from this type of sector-specific finance. There are also other...
More findings from our construction finance survey to follow . . ....
http://www.fundinvoice.co.uk/blog/research/post/construction-finance-invoice-finance-applications-for-payment-finance.html - Construction Sector Businesses Still Haven't Heard Of Finance Against Uncertified Applications For Payment
Following our recent #constructionfinance survey of 100 construction sector businesses I have started to analyse the results a little more deeply....
Of the total, 75% raise applications for payment (rather than invoices) so I focused on just this group. Of those that raise applications for payment:...
The numbers may seem complicated but it boils down to a significant volume of construction sector businesses that have a need for funding but have never heard of construction finance funding against...
http://www.fundinvoice.co.uk/blog/research/post/construction-sector-businesses-still-havent-heard-of-finance-against-uncertified-applications-for-payment.html - Construction Sector Research From Bibby Financial
Bibby Financial Services has published the results of their October 2014 construction sector research which has some interesting findings. The study encompassed 200 small construction businesses....
The key highlights were:...
The survey results suggest that the construction sector is doing better than in 2013 although the large number writing off bad debts seems very high and concerning....
http://www.fundinvoice.co.uk/blog/research/post/construction-sector-research-from-bibby-financial.html - Customer Choices Affect Pricing Expectations
Our recent research has addressed what SMEs would expect to pay for invoice finance and we also asked them if they would prefer to use a bank owned or an independent invoice finance company....
We found an interesting quirk in the response data. We compared those that said they would prefer to use a bank owned invoice financing company with those that said they would opt for an...
This does not necessarily reflect actual pricing but it reveals something about customer's expectations depending upon their choices and preferences. ...
http://www.fundinvoice.co.uk/blog/research/post/customer-choices-affect-pricing-expectations.html - Customer Recommendations & Testimonials Are The Most Important Factor In Making Customers Trust A Finance Website Online
With our latest market research survey we have taken a slightly different tack and questioned a random sample of 100 businesses about their use of finance related websites online....
The first question we asked them was: When a business visits a finance related website what do you think makes them more likely to trust that business? We then went on to ask them if there was...
Across those two questions the most common responses were "Customer testimonials" or "Customer recommendations" which accounted for 40% of the responses to that question. That makes customer...
http://www.fundinvoice.co.uk/blog/research/post/customer-recommendations-testimonials-most-important-factor-making-customers-trust-finance-website-online.html - Customer Satisfaction Survey Drives Success
I spent the morning presenting the latest set of customer satisfaction survey results to one of our long term customer satisfaction monitoring clients (outside of the finance sector - which is a...
They are a large organisation with thousands of customers, and I have conducted customer satisfaction polling, and monitoring, for them for several years. If any hint of an issue, is mentioned during...
Conducting a proper conversation based interview with customers gets to the bottom of what they really think when often an email, paper based questionnaire or online survey fails to gain depth of...
Our client has really taken to heart the insights that our reports have provided and our findings have enabled them to focus on improving their levels of customer satisfaction. This has helped drive...
The ratings they receive from customers are outstanding, and a testament to their customer centric culture....
If only more businesses listened to their customers....
http://www.fundinvoice.co.uk/blog/research/post/customer-satisfaction-survey-drives-success.html - Deal Completed CHOCS For A Business Refused An Overdraft Extension
We were recently able to help a small business that were looking to grow but had been refused an extension to their limited overdraft by their bank. The bank had recommended their own invoice...
CHOCS stands for "Customer Handles Own Collections" which is essentially an invoice discounting facility which the client had not been able to find elsewhere. Invoice Discounting allows a client to...
This case supports some of our recent market research findings which found that many businesses were experiencing restrictions in bank overdraft type funding whereas restrictions were not seen with...
http://www.fundinvoice.co.uk/blog/research/post/deal-completed-chocs-for-a-business-refused-an-overdraft-extension.html - Did The UK Government Give Recruiters Enough Support Through Covid
Recruitment has been affected by Covid-19, like most sectors of the UK economy. We asked a sample of randomly selected recruitment companies, if they thought that the UK Government had given...
We posed this question to some recruiters, and we were told the following:...
Therefore, in more than three quarters of cases recruiters thought that the UK Government had done enough to provide adequate support. This is good news, most staff agencies think that they have been...
However, that leaves just under a quarter that thought the support was less than was required. This is the most concerning segment, those that have not had enough financial support to get them...
Within this group that found the support inadequate, there could be struggling companies that may drive a future wave of insolvencies. Now may be the time for them to take action, and turnaround...
Interestingly, no one thought it was too much, a view that we have heard from some parties....
During the pandemic, the UK Government put in place a number of measures to support businesses. These included cheap loans, VAT deferrals and grants to help those that were affected....
As we enter the economic recovery phase following the impact of coronavirus, a new Recovery Loan Scheme has been put in place to continue that support, for those that need it. Even if you don't...
NOTE: THE RLS HAS BEEN SUCCEEDED BY THE GROWTH GUARANTEE SCHEME....
Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/research/post/did-the-government-give-recruiters-enough-support-through-covid.html - East Sussex & Kent Recruitment Research Completed
Our latest research study focuses on local recruitment businesses in East Sussex and Kent. The survey has now been completed and I am analysing the results. I will start to share them shortly....
http://www.fundinvoice.co.uk/blog/research/post/east_sussex__kent_recruitment_research_completed.html - Even Construction Companies That Do Not Need Capital Would Benefit From Payments Against Applications For Payment
Another quirky piece of information that arose from our recent #constructionfinance research survey of 100 construction sector businesses. 35% of the respondents said that they didn't foresee...
Of those who said they would benefit from funding against applications - two-thirds (67%) said that the reason they had never used construction finance against uncertified applications for payment...
http://www.fundinvoice.co.uk/blog/research/post/even-construction-companies-that-need-capital-would-benefit-from-payments-against-applications-for-payment.html - Exclusive Member's Logo For Invoice Finance Research Group On LinkedIn
This is the new exclusive member's logo for those that have joined the Invoice Finance Research Group on LinkedIn: https://www.linkedin.com/groups/3323843...
For a larger version on the logo, that you are welcome to resize, visit: Member's Logo...
http://www.fundinvoice.co.uk/blog/research/post/exclusive-members-logo-for-invoice-finance-research-group-on-linkedin.html - Factoring Clients Change Invoice Finance Companies More Often
The majority of invoice financing users are happy with their current provider, we found that 98% were prepared to recommend their existing provider, which speaks volumes to the general level of...
However, there are always a few clients that want to change invoice finance companies, often they are looking to improve either:...
Alternatively, a user may have to seek alternative facilities if their funder withdraws from the market. See our guidance about Market Withdrawals....
We undertook some research into the number of different providers that existing users of invoice finance had used. We have previously reported that the average number of companies used was 2.14...
This average client life is also interesting when you consider the total number of selective invoice financiers that have entered the market over recent years, with one of the largest recently...
There are over 80 invoice finance companies in the UK to choose from, so this average number used of just over 2 is fairly modest compared with the number of options that are available....
The average number of providers used was affected by the type of service that the clients were using. We found that factoring clients had used just over 16% more factors than their...
One obvious reason for this increased propensity to move could be the element of service involved with providing factoring. When a client uses discounting, they receive funding but not credit control...
If you are thinking of changing invoice finance companies, we would be happy to explain the differences and lay out the full range of choices in front of you. Please call Sean on 03330 113622 for a...
http://www.fundinvoice.co.uk/blog/research/post/factoring-clients-change-invoice-finance-companies.html - Is Only One Factoring Company Marketing And Advertising
Yesterday I posted that 80% of SMEs in our recent invoice finance survey said that they had not seen any advertising whatsoever for invoice finance. This led us to question the remaining 20% about...
In all cases, the only advertising they said they had seen was an information pack that was sent to them by one of the invoice finance arms of a single major high street clearing bank. Interestingly,...
In many cases, I suspect that one would find that the invoice finance company has a limited marketing spend and tends to target it for direct marketing rather than brand awareness type promotion....
However, this lack of general awareness advertising has apparently driven the low level of recognition of these useful cash flow products amongst small and medium-sized businesses....
http://www.fundinvoice.co.uk/blog/research/post/factoring-company-marketing-advertising.html - Factoring & Invoice Discounting For Manufacturing Companies
In this article we explain why so many #manufacturing companies turn to #factoring and invoice discounting as funding solutions. The article shares some of our research and also industry statistics...
http://www.fundinvoice.co.uk/blog/research/post/factoring-invoice-discounting-for-manufacturing-companies.html - Finance Cost Is The Biggest Issue That Is Being Addressed By Some Invoice Finance Companies
The research that we have published in the past demonstrated that 41% of SMEs thought that cost was the biggest reason for businesses not taking up invoice finance. Our research has also revealed...
This may be true generally but there are some invoice finance companies amongst our partners that have moved positively regarding this issue. Some of our providers are able to offer invoice finance...
http://www.fundinvoice.co.uk/blog/research/post/finance-cost-is-the-biggest-issue-that-is-being-addressed-by-some-invoice-finance-companies.html - Free, Independent Invoice Finance Search Service To Introduce To Clients Of Accountants, Advisers And Consultants
Our research amongst accountants found that most accountants can appreciate the benefit of offering our free, independent quotation search for invoice finance to their clients. We are happy to offer...
Our findings were that approximately 15% of accountants regularly referred business to invoice finance companies however most of them only used one or two invoice finance companies - the same ones...
Our search service is:...
We receive a small ongoing commission from the provider if the client finds a facility that suits them and they go ahead, which is how we fund the service....
If you are an accountant, adviser, consultant or similar please get in contact and we will happily discuss how we could work together to deliver a free, independent invoice finance quotation search...
Please contact us for details: REQUEST A CALL BACK...
http://www.fundinvoice.co.uk/blog/research/post/free-independent-invoice-finance-search-service-to-introduce-to-clients-of-accountants-advisers-consultants.html - Full List Of Advice For New Start Up Businesses From Business Owners
This is the complete list of advice for new start up businesses, from business owners based on our survey of 100 new #startup businesses: Write a business plan - 24% Get professional help/listen to...
http://www.fundinvoice.co.uk/blog/research/post/full-list-of-advice-for-new-start-up-businesses-from-business-owners.html - FundingVoice Magazine May 2014 Available Online
Read the latest edition of FundingVoice here: FundingVoice Magazine May 2014...
http://www.fundinvoice.co.uk/blog/research/post/fundingvoice-magazine-may-2014-available-online.html - Do Businesses Want Selective Invoice Finance and Invoice Auction Sites?
Do businesses want invoice auction sites and selective invoice finance? This article looks at our research about the options that are available:Do Businesses Want Selective Invoice Finance and...
http://www.fundinvoice.co.uk/blog/research/post/fundinvoice-do-businesses-want-selective-invoice-finance-and-invoice-auction-sites.html - FundInvoice - Our Plans For Invoice Finance In 2015
We have great plans for FundInvoice during 2015....
We finished 2014 on the news that our business' health rating has just been upgraded to the highest category by one of the credit rating systems and that we are finalists for the Business MoneyFacts...
The results of the award nomination will be revealed in March 2015 at the Awards ceremony in London....
We have our next research report due early this year. This time, we have spoken specifically to users of invoice finance and the results of the questions that we put to them will be shared during the...
FundingVoice, our free online magazine will be sent out early in the year, and throughout, we already have editorial for the next edition but we always welcome relevant articles from around the...
Our growth ambitions are steep this year so we hope to hit the ground running in order to achieve those. Our ambition, as always, is to aid the expansion of the availability of invoice finance to...
I would just like to thank all our clients, prospects, subscribers, finance companies and supporters that have helped us achieve what we have during 2014 and hope for your continued support into the...
Happy New Year 2015!...
http://www.fundinvoice.co.uk/blog/research/post/fundinvoice-our-plans-for-invoice-finance-in-2015.html - FundInvoice Research Quoted
Nice to see FundInvoice research quoted in a recent article by one one of the invoice finance companies, published in RealBusiness: Building your business with receivables finance - a leap into the...
http://www.fundinvoice.co.uk/blog/research/post/fundinvoice-research-quoted-by-abn-amro-in-realbusiness.html - Growing Number Of Small Businesses Borrowing Against Assets
A new article from Startups.co.uk shows that asset finance is growing as a source of finance for businesses....
This contrasts with the recent Close Brothers Invoice Finance study that showed the reduction in SMEs turning to traditional bank overdrafts and loans as sources of funding: Post About The Close...
See also: Small Business Finance Options...
http://www.fundinvoice.co.uk/blog/research/post/growing-number-of-small-businesses-borrowing-against-assets.html - Half Of Recruiters Cannot Name One Invoice Finance Company
Recruitment is an important sector for invoice finance companies. It is perhaps the sector that is most easily financed, resulting in high prepayment percentages. For this reason, the uptake of...
However, in our recent research study, we found that half of the recruiters were unable to name a single invoice finance company that supported the sector. A staggering result, shows that we still...
There are over a hundred receivables financiers in the UK, it is incredible to think that half of the recruitment companies were unable to name one. This is even more shocking when you consider that...
So, who have they heard of? We asked them to name any invoice financiers that they could think of. Most that answered only named one company. in 4 cases they named 2 and in only one case 3 funders....
There are so many funders, specialising in the recruitment sector, that are not on the list. OK, it wasn't the biggest sample that we spoke to. However, many funders would hope that they would...
These results make clear the role of brokers in supporting the recruitment sector. If awareness is so low, and many companies are virtually unknown, the market knowledge of a good broker will be...
When a broker searches the market to compare quotes for clients, they are accessing numerous providers' costings. If a broker were to deal with just 3% of the market, the financial implications...
Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/research/post/half-of-recruiters-cannot-name-one-invoice-finance-company.html - Has A Lack Of Bank Lending Created An Opportunity For Invoice Finance?
Commercial Finance Today have published my latest article "Has A Lack Of Bank Lending Created An Opportunity For Invoice Finance?"...
http://www.fundinvoice.co.uk/blog/research/post/has-a-lack-of-bank-lending-created-an-opportunity-for-invoice-finance.html - Help With Collections A Key Driver
needing help with the collection of outstanding sales invoices was one of the key drivers that encouraged businesses to seek invoice finance....
16% of the responses to our survey of 100 invoice finance customers mentioned needing help with collections as their key driver....
It is also interesting to note that throughout the survey, several respondents suggested that the factoring industry should focus on the collection service as the prime driver for using the product...
On the FundInvoice site we have a spreadsheet that enables you to quantify all the financial benefits of factoring....
http://www.fundinvoice.co.uk/blog/research/post/help-with-collections-a-key-driver.html - High Growth Companies Are 43 Percent Short Of The Funding They Require
I recently reported that 59% of the 100 high-growth businesses (turnover growing by more than 20% over the last 12 months) we interviewed said that they had less funding than they required. These...
On average these high-growth businesses that lacked funding said that they were 42.6% short of the level of funding that they needed....
Note that of the 12 users of invoice finance not one of them said that they had inadequate levels of funding, a stark contrast to the more conventional sources of growth finance that we came across....
See our growth guide for more help with expansion and financing....
The detailed breakdown by funding source was as follows:...
http://www.fundinvoice.co.uk/blog/research/post/high-growth-companies-are-43-short-of-the-funding-they-require.html - Only 5% Of High Growth Companies That Didn't Use Invoice Finance Considered It As An Option
Another result from our survey of 100 high growth businesses (20%+ growth pa). As previously reported 12% of our sample used invoice finance and we asked the remaining 88% if they had considered...
Only 5% of the fast growing businesses that were non users (the 88%) had even considered invoice finance as an option - many of the reasons for not considering it that we have seen in previous...
http://www.fundinvoice.co.uk/blog/research/post/high-growth-invoice-finance-considered-option.html - High Growth UK Businesses Survey Results - Higher Proportion Of High Growth Businesses Use Invoice Finance
http://www.fundinvoice.co.uk/blog/research/post/high-growth-uk-businesses-survey-results-use-invoice-finance.html - High Street Bank Requested Overview Of Our Research
I was delighted to be asked by one of the high street bank owned invoice finance companies, to provide an overview of our invoice finance research programme to their senior management team....
My presentation covered: Sizing the UK invoice finance market What drives companies to use invoice finance Why more businesses don't use these products Client life Customer satisfaction survey...
I will post up a copy of the key presentation slides on the main site....
http://www.fundinvoice.co.uk/blog/research/post/high-street-bank-requested-overview-of-our-research.html - High Street Bank Wants Briefing On Our Research Findings
It is nice to have been asked by one of the major high street banks to give them a briefing on the findings from our invoice finance research programme. I will post up a copy of the slides from the...
http://www.fundinvoice.co.uk/blog/research/post/high-street-bank-wants-briefing-on-our-research-findings.html - Historic Trend In Invoice Finance Market Penetration
In the continuing UK Invoice Finance Market Research Group discussion about market penetration on LinkedIn I was asked if I had statistics for the historic trend in the market penetration of invoice...
Whilst I have nothing directly comparable, I did a similar exercise detailed here: Historic Market Penetration and as you will see using BIS figures of 4.8m businesses in the UK at the beginning of...
http://www.fundinvoice.co.uk/blog/research/post/historic-trend-invoice-finance-market-pentration.html - How Clients Think We Should Promote Factoring And Invoice Discounting
These are a couple of actual quotes from existing factoring or invoice discounting users that were asked how the industry should address the low levels of awareness of these products amongst UK...
Source: Survey of 100 Existing Invoice Finance Users February 2015...
http://www.fundinvoice.co.uk/blog/research/post/how-clients-think-we-should-promote-factoring-and-invoice-discounting.html - How Do Fast Growing Businesses Get Funded?
Most Common Fast Growth Funding MethodsThe most common form of funding used by fast growing businesses was a "loan" finance. The breakdown of funding sources used was as follows (note that some...
Source: High Growth Survey 2013 (100 respondents with 20%+ turnover growth pa)....
http://www.fundinvoice.co.uk/blog/research/post/how-do-fast-growing-businesses-get-funded-2.html - How Do People Fund Their Businesses
How do people fund their businesses? I have previously listed all the various funding options that are available to businesses. The new SME Finance Monitor research report from BVA BDRC (Q2 2019)...
The results were as follows:...
Reading through some of the underlying research reveals a level of caution due to the uncertainty that continues to dog UK SMEs. It is little wonder when we are in the midst of continued uncertainty...
Of those using some form of finance, the breakdown of sources was as follows. Of those using some form of "core finance" the sources were:...
Of those using some form of "other finance", the sources were:...
The figures show a heavy reliance upon the bank for an overdraft or loan, and as I have reported previously, there is a significant proportion of applications that are declined. Invoice finance still...
The most recent statistics from UK Finance (the trade body for a large part of the invoice finance sector), from their Invoice Finance and ABL Update, show that numbers of factoring and discounting...
http://www.fundinvoice.co.uk/blog/research/post/how-do-people-fund-their-businesses.html - How Invoice Finance Prices And Funding Levels Compare Between Companies
Before you go ahead with an invoice discounting facility, you may want to read our summary of how prices and funding levels compare between different invoice discounting companies....
GET A QUOTE FOR INVOICE DISCOUNTING...
We conducted this comparison by seeking quotes for a client from a number of different providers that offer these types of invoice discounting facilities. The client was of an average size and within...
Below, we summarise how various aspects of the facilities that were quoted compare....
By overall pricing, we mean the combination of the "administration fee or charge" and the "discount charge". Both were calculated by taking the quote provided and using anticipated figures for...
We found that the range in overall pricing varied by 86% from the cheapest quote to the most expensive. That means that if the client chooses the most expensive provider, they could pay 86% more each...
This graph shows the range of overall price quotes received:...
If you have several quotes to compare, we have a Comparison Tool For Invoice Financing that you can use for free....
We then looked specifically at some components of the overall charge - administration fees (or charges), discount fees (or charges) and minimum fees....
We found the greatest variation between providers in the admin fee. There was a range of 150% between the cheapest and most expensive quotes received. That means that by selecting the most expensive...
It is also worth knowing that the admin charge only accounts for 59%, on average, of the overall pricing (excluding any additional charges), so you should not consider it alone when comparing...
The impact of the different approaches to the minimum monthly fee was unexpected. There was a minimum quoted in all cases, but in a few examples, it actually exceeded the amount that would have been...
Where the minimum quoted exceeded the admin fee percentage, the range by which it exceeded the admin fee was between 105% and 111%. So again by selecting the wrong provider you could pay 11% more...
Where the minimum monthly fee did not exceed the percentage, the average level it was set at was 86% of the anticipated admin fee. However, the range was between 60% and 94% of the anticipated admin...
Looking specifically at the discount charge element, we found that 15% of providers quoted over LIBOR, with the rest quoting over the bank base rate of some description....
When we looked at the margin they quoted above that base, there was a 75% difference between the top and bottom of the pricing table. So the range was less volatile than for the admin fee element,...
We also considered funding levels to see how they were compared. We looked at the differences between the headline prepayment percentages that were volunteered by the providers that quoted. In about...
The facility limits quoted were also interesting. In all cases, the facility limit quoted (the maximum amount of funding that can be drawn down) exceeded the level of funding we were projecting for...
No minimum discount charges were quoted, although we have heard of this practice being implemented by at least one provider within the market....
So overall, there were some very significant swings in both pricing and funding levels that were offered....
By selecting the wrong provider, you could end up paying 86% more than you need to, and you could lose out on an additional 5% prepayment against your invoices. Equally, a low facility limit could...
Source: Confidential Invoice Discounting Pricing Comparison - January 2018...
http://www.fundinvoice.co.uk/blog/research/post/how-invoice-discounting-prices-funding-compare-between-companies.html - How Many UK Businesses Use Invoice Finance
Research recently published by IGF reported that 27% of businesses (with a turnover of between £1M and £500M) now use invoice finance. The survey, published in the IGF Powering Freedom...
Whilst I was delighted to see such a high usage figure, the percentage appears much higher than the usage overall, but that may be reflective of the turnover banding that has been applied....
It should be noted, as explained below, that almost 45% of UK Finance's member's invoice financing clients fall below the £1M annual turnover band....
Back in 2014 we looked at the number overall and estimated perhaps 0.86% of all UK businesses use invoice finance. I have updated those figures below - and estimated the penetration of these products...
In total, in 2018 there were 5.7M businesses in the UK. That is according to a House of Commons Library Briefing paper. According to the UK Finance statistics (formerly the ABFA) at the end of Q2...
As I have said previously, there are a growing number of invoice finance companies that are not members of UK Finance, but the members account for majority of the largest UK providers. Bearing in...
That would equate to c. 0.76% of all UK businesses being users of invoice finance - just under 1%...
However, the majority of UK businesses are small and micro organisations, so the number that are within this turnover band (1M to 500M pa) would be significantly lower. A quick database search (fed...
Looking at the breakdown of the UK Finance clients, 22,332 have turnover in excess of £1M (that's 55.4%). So applying that same proportion to my overall estimate of the number of users of...
Expressing the 24,000 as a percentage of the total 116,371, suggests that c. 20.6% of businesses with a turnover in excess of £1M are users of invoice finance - almost 21%. This is not...
The usage of invoice finance amongst UK businesses turning over more than £1M pa is likely to be at least c. 21%, and although an almost equal number of smaller businesses (turning over less...
http://www.fundinvoice.co.uk/blog/research/post/how-many-uk-businesses-use-invoice-finance.html - How To Increase Factoring and Invoice Discounting Client Numbers
Another new article, this time documenting the views of 100 existing invoice finance users about what factoring companies and invoice discounting companies could do to increase the number of users of...
It includes their actual comments about how the industry could promote itself: The Answers - How To Increase Invoice Finance Client Numbers....
http://www.fundinvoice.co.uk/blog/research/post/how-to-increase-factoring-and-invoice-discounting-client-numbers.html - Improve Cash Flow And Secure Deals
"Yes, improved our cash flow and helped us secure deals"....
This was a quote from an existing invoice finance customer that we asked "Would you recommend invoice finance to other businesses?"....
You can read the further quotes here: Existing Invoice Finance User Quotes...
http://www.fundinvoice.co.uk/blog/research/post/improve-cash-flow-and-secure-deals.html - Invoice Finance Customer Doubles Turnover
"[Invoice Finance] . . . helped us to double our turnover"....
This is a comment from an existing invoice finance user who said that they were prepared to recommend invoice finance to other businesses:...
This demonstrates the link between invoice finance and being a fast growth company....
http://www.fundinvoice.co.uk/blog/research/post/imvoice-finance-customer.html - Interview With Innovation Finance Finished
Innovation Finance have been kind enough to provide an interview for the next edition of FundingVoice which is due out mid June....
The interview centres around our research regarding the problems faced by new startups looking for finance and how Innovation can help with this....
http://www.fundinvoice.co.uk/blog/research/post/interview-with-innovation-finance-finished.html - Invoice Discounting Client Survey Findings To Follow
http://www.fundinvoice.co.uk/blog/research/post/invoice-discounting-client-survey-findings-to-follow.html - Invoice Discounting Clients Research Results
The summary of the results of our research regarding a group of 54 existing invoice discounting clients is now available....
It includes:...
Summary of Invoice Discounting Clients Research...
I will shortly be adding the reasons that they gave to move between invoice discounters....
http://www.fundinvoice.co.uk/blog/research/post/invoice-discounting-clients-research-results.html - Invoice Discounting Clients Survey
Below you will find a link to the first results summary from our survey of 54 businesses that are currently using invoice discounting. The respondents were asked about the time during which they have...
http://www.fundinvoice.co.uk/blog/research/post/invoice-discounting-clients-survey-results.html - Invoice Finance 19 Percent Overpriced On Average
My previous post revealed that 68% of SMEs we spoke to said that they thought that invoice finance was overpriced. We asked them how much, and these were their replies:...
That's c. 19% overpriced on average....
We would happily try and find any prospective client a saving of 19% on their current invoice financing costs via our Free, Independent Factoring & Invoice Discounting Quotation Search Service...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-19-overpriced-on-average.html - Invoice Finance Can Provide More Adequate Start-up Funding Than Overdraft
Continuing to share the findings of our survey of 100 randomly selected new start-up businesses, we asked them if they were able to raise all the funding that they wanted initially, when they first...
Of the 52% of new start-ups that said they used overdraft, 44% of those said that they were NOT able to raise all the funding that they wanted initially, but unfortunately none of that segment even...
Although there were only 2 businesses in our start-ups survey sample that did use invoice finance, both of them said that they were able to raise all the funding that they needed initially through...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-adequate-funding-overdraft-start-up.html - Invoice Finance Auction Sites For More Competitive Pricing?
Through our ongoing research we wanted to find out if there was a demand for accessing invoice finance through an online ebay style auction site. Recently there have been some developments in this...
We therefore consulted a sample of 100 SMEs and asked them:...
'Would you expect businesses using invoice finance to prefer to receive funding from one named financier that they select; or from the financier that can provide funding at the most competitive...
61% of respondents answered 'one supplier' - and their main reasons for this choice were the hassle they expected to be involved with using an auction site and missing out on the...
39% of respondents chose the auction site option and said their reasons for doing so were that it would be cost effective and able to be used when they wanted....
Our findings suggest that whilst the traditional approach to invoice finance is still the most popular i.e. whole turnover funding from a company the client selects, there is a clear niche for...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-auction-sites-for-more-competitive-pricing.html - Invoice Finance Clients Don't Change Providers Often
The fact that only 11% of respondents to our survey of invoice Finance users said that they had used more than two finance companies, indicates that clients do not tend to chop and change providers...
The fact is that the low average number of providers used over a client's life and the extended average client life, that I have reported in previous posts, suggests that the invoice finance market...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-clients-dont-change-providers-often.html - Invoice Finance Company's Clients Have Used Them For Over 3 Years
If you think invoice finance users only use alternative finance short term, think again. Another statistic to come out of our survey of 100 existing invoice finance clients, we asked them how long...
Within the group that we surveyed the shortest time that they had been with their existing provider was a year so clearly its something that clients tend to use for a good period of time....
It also corroborates our earlier research findings that found a preference for an ongoing invoice finance facility over a short term, selective facility amongst the majority of businesses. There was...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-company-clients-have-used-them-for-over-3-years.html - Invoice Finance, Crowdfunding And Payday Loans Awareness
A comparative research article looking at the awareness of these products: Invoice Finance, Crowdfunding And Payday Loans....
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-crowdfunding-and-payday-loans-awareness.html - Invoice Finance Market Research Overview March 2015
This is the research overview presentation (an abridged version in Powerpoint) that we recently presented to one of the high street banks. It covers our findings over recent years: Powerpoint IF...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-market-research-overview-march-2015.html - Invoice Finance Not Promoted Enough
When we questioned 100 SMEs about what was missing from the invoice finance market 14% said "advertising" and 12% said "general awareness of what invoice finance is"....
In total these reponses represent 26% of all respondents to our market research survey that are raising the issue of the lack of promotion of invoice finance as a significant market gap. This is an...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-not-promoted-enough.html - Invoice Finance Recommendation Sample Expanded To 200 Respondents
Our research regarding recommendation of invoice finance, by existing users, has been expanded to a sample size of 200 respondents. 197 of them were prepared to recommend these services to other...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-recommendation-sample-expanded-to-200-respondents.html - Invoice Finance Recommended To New Start-up Businesses
Our recent survey identified that the majority of existing users that were prepared to recommend invoice finance as a source of funding to new start-ups: Alternative Funding For New Startups....
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-recommended-to-new-start-up-businesses.html - Invoice Finance Research Article Hub
I have put together a summary "hub" of our key invoice finance related research findings. It includes: Invoice finance clients survey findings Small new start-ups funding Fast growing business...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-research-article-hub.html - Invoice Finance Research Conclusions So Far | Commercial Finance Today
My recent article has been published in Commercial Finance Today:...
Invoice Finance research conclusions so far....
It summarises the 9 key conclusions arising from our invoice finance related research activity....
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-research-conclusions-so-far-commercial-finance-today.html - Invoice Finance Research Presentations
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-research-presentations.html - Invoice Finance Secret Funding Source
A new article on the site about how invoice finance is a secret source of finance that is not well known amongst businesses. It includes some of our research findings regarding the funding of new...
You can read it here: Invoice Finance Secret Funding...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-secret-funding-source.html - Invoice Finance Trends Versus Business Loans
This video is an explanation of research into what is going on regarding online search trends for invoice finance, factoring, invoice discounting and business loans. The video was created and is...
In the video, I use another excellent free online tool called "Google Trends" to compare the amount of online search traffic, via Google in the UK, for each of the following search terms:...
You will see how the volume of search enquiries compares between the different terms, and how they have changed over time (from 2004 to 2021)....
You can watch my analysis of this research regarding receivables financing volumes versus business loan trends here:...
In the video, I look at the different forms of receivables financing and how the volumes of search compare with business loans. It is clear that the CBILS scheme has caused a spike in the volume of...
Looking to compare receivables finance with business loans, the figures show swings in the volumes of search over time, but movements towards business loans, in recent times, are apparent. This may...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-trends-versus-business-loans.html - Invoice Finance TV Advertising From Bibby
At last I see that one of the independent invoice finance companies have launched a TV advert! Bibby Financial Services have launched their #redcushion advert on Sky and Dave - I think its the first...
Perhaps this will start to get the message about invoice finance, as an alternative source of finance, out to UK businesses. Our survey of fast growing businesses found that more than half of those...
Good news for invoice finance....
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-tv-advertising-bibby-financial-services.html - Invoice Finance UK
Invoice Finance UK is a popular way of searching on the web for a receivables financing company to secure a facility such as factoring or invoice discounting. Particularly, if you are a company based...
If you were looking for a UK-based invoice financing company, you are in the right place to get help with a quote search. FundInvoice is a multi-award-winning, independent brokerage that offers a...
Either use the button below or call Sean on 03330 113622 and we will do all the work for you....
REQUEST A QUOTE SEARCH...
We don't make a charge directly to you for using our service. Instead, we receive a commission from the provider should you choose to take out the facility. Bearing in mind that we can often...
If you are looking to find out more about receivables financing, please see our comprehensive product page about Invoice Finance In The UK. This outlines the product, how they work, pricing and the...
As part of my ongoing research regarding this sector, I wanted to see how easy it was for companies that were seeking factoring or invoice discounting in the UK to find their way to either providers...
To find out how hard it would be I did some research. I searched in the Google UK search engine for "invoice finance UK". Including the brackets should bring up exact matches to that search phrase. I...
On the first page of search results that were returned, the top 4 entries were sponsored content. This means that these are advertisers paying to achieve the top slot on the search engine pages....
In this case, the 4 sponsored results were for 2 brokers and 2 providers. The top of the two broker results was not a firm that I had heard of, and they were claiming “rates as low as...
I then took a look at the organic search results. These are the pages that Google has decided should rank highest in their search results. The top result was for an organisation that provides...
Of the remaining organic results, there were 7 well-known providers listed and two well-known brokers. The page finished with three more sponsored ads all of which were brokerage firms with 2 listed...
Therefore, if the person searching understands something about how the search engines were, it would be relatively easy to find their way to some of the well-known invoice finance companies that...
There were a couple of well-known high-profile brokerage firms listed that would be able to conduct a quotation search across a variety of providers. One of them is a more generic finance brokerage...
I can’t help thinking that these results favour larger firms with bigger marketing budgets. In many cases, I have found that there are also benefits to be had from companies that are smaller...
Also, if you are in a specific situation, perhaps looking for a particular product such as selective invoice finance, then it might have been difficult to find what you were looking for with such a...
I went on to have a look at the comparative search terms that people tend to use when looking for invoice finance or assessing it as a possible option up against other financial services....
The website "Answer The Public" provides some insights into the common search terms that are being used by parties searching the web. A couple of key searches that immediately stood out to me, were...
With regard to the comparison with overdraft, I have written previously about how overdraft facilities often compare. You can also see our calculator which compares the financial benefits of...
It is interesting to see that people are searching for a comparison between invoice finance and factoring. The key reason is that invoice finance can be used as a term that encompasses factoring....
The primary difference between invoice discounting and factoring is that with factoring you receive a credit control service in addition to the pre-payments against invoices. In the case of invoice...
The use of this search time suggests that there is still plenty of lack of understanding amongst businesses as to the differences between these products....
If we assume that people use the term invoice finance to be synonymous with invoice discounting, this is some information about the differences between invoice financing and factoring....
When choosing between invoice finance and factoring, consider the benefits and differences of each option. While both provide working capital by advancing funds against unpaid invoices, they cater to...
Costs can vary depending on your business’s size, turnover, and sector. Factoring tends to suit small to medium-sized enterprises (SMEs) that need both funding and support with collections,...
With invoice finance, the facility primarily delivers funding. Factoring often comes with added services like bad debt protection or payroll management....
The decision between invoice finance and factoring depends on your business's priorities. If confidentiality and maintaining customer relationship control are essential, invoice finance may be...
Furthermore, my analysis showed that a common search term was: “is invoice finance a good idea“? Once again, this demonstrates that there is a lack of understanding of the services...
In order to gauge the level of demand for invoice financing services in the UK, I conducted some comparisons using an online tool called Google Trends. This tool allows you to compare multiple search...
These were the figures that were returned (each shown as an average number of searches per day):...
Bear in mind that by searching for these terms it does not necessarily follow that the searcher would be a prospective user of these facilities. The purpose of the search could be for many other...
Looking across these search results suggests that the number searching for overdrafts is significantly higher than those searching for the various types of invoice finance. Also, it has to be noted...
Interestingly, there was a reasonable volume of searches for ABLwhich could include people looking for products such as leasing or hire purchase....
Overall, I think that these number suggests that more businesses could be aware of the invoice financing options that could prove to be more flexible than an overdraft in improving the cash flow of...
http://www.fundinvoice.co.uk/blog/research/post/invoice-finance-uk.html - Lack Of Sales Is A Big Issue For SME Businesses
The joint second biggest issue facing SME businesses over the course of the next year was the "lack of sales"....
This is interesting as with only 22% of respondents stating "lack of sales" as their biggest issue it ranks some way behind the 71% of respondents that stated a cash or cash flow related issue as...
Whilst finding sales is obviously an issue, financing sales seems to be much higher up the agenda of SME businesses in the UK....
http://www.fundinvoice.co.uk/blog/research/post/lack-of-sales-is-a-big-issue-for-sme-businesses.html - Linkedin UK Invoice Finance Research Group Link
This link should take you to the page where you can join the UK Invoice Finance Research Group on Linkedin: https://www.linkedin.com/groups/3323843/...
You will need to join Linkedin to join the group but all our research results are being published to that group....
http://www.fundinvoice.co.uk/blog/research/post/linkedin-uk-invoice-finance-research-group-link.html - 52% Of Maximum Growth High Growth Companies Use Invoice Finance
That might read like a strange title but let me explain!...
In our study of high growth companies (20%+ growth pa) we identified 79% that said that with more funding they could grow even faster. That leaves 21% that said that they couldn't increase their...
The normal distribution of invoice finance users is less than 1%, we estimate that about 0.7% of businesses generally use invoice finance. However, 12% of high growth (20%+ pa) businesses said they...
http://www.fundinvoice.co.uk/blog/research/post/maximum-growth-high-growth-invoice-finance.html - Membership Of An Industry Body On Your Website Increases The Liklihood Businesses Will Buy From You
More results from our research into online buying behaviour amongst businesses purchasing from finance related websites. We asked if various items being present on a business' website increased the...
http://www.fundinvoice.co.uk/blog/research/post/membership-of-an-industry-body-on-your-website-increases-liklihood-businesses-will-buy-from-you.html - Most Invoice Finance Clients Switch Invoice Finance Companies For A Cheaper Deal
Cheaper Invoice FinanceI have further analysed some of the responses to our survey of 100 existing invoice finance users and looked at the reasons they gave for moving to their current invoice...
The most commonly mentioned reason for moving was to get a cheaper deal - 42.4% of the responses mentioned a cheaper invoice finance deal as the reason for moving to their existing provider. This was...
This suggests that shopping around for price is key within the market and it also shows that a lot of invoice finance companies are losing existing clients over pricing - which is particularly...
http://www.fundinvoice.co.uk/blog/research/post/most-invoice-finance-clients-switch-invoice-finance-companies-for-a-cheaper-deal.html - My Latest Article Published In Commercial Finance Today
This is a link to my latest article - "What Customers Hate About Invoice Finance" which has been published in Commercial Finance Today the ENewsletter written by Commercial Finance People: What...
It describes the results of our research into customer's "pet hates" about invoice finance but also promotes the view that most of their pet hates are not common across all invoice finance providers...
I have had some feedback from within the invoice finance market regarding my article "What Customers Hate About Invoice Finance" specifically that it does not support the industry. This was not my...
My only purpose in writing the article was to share some research, free of charge, with my industry peers in order to help them to better understand the customer's perceptions about what customers...
My goal is to aid the expansion of the invoice finance market by helping the providers better tailor their products to what the customers want....
My article also sought to point out that there is a lack of knowledge amongst customers about what is available within the invoice finance market as many of the issues that they raised have already...
Perhaps a better title would have been "What Customers Would Like Us to Improve About Invoice Finance". Well . . . at least you all read it!...
http://www.fundinvoice.co.uk/blog/research/post/my-latest-article-published-in-commercial-finance-today.html - New Article Disadvantages Of Bank Overdraft For New Start Ups & The Alternative
This article describes the research we conducted amongst a sample of new start up businesses. It highlighted some disadvantages of using bank overdraft. Despite bank overdraft being the most popular...
Read the full article here: Disadvantages Of Bank Overdraft For New Start Ups And The Alternative...
http://www.fundinvoice.co.uk/blog/research/post/new-article-disadvantages-of-bank-overdraft-for-new-start-ups-the-alternative.html - New Article From Close Brothers Invoice Finance Ideal Invoice Finance
Another article kindly contributed to FundingVoice magazine by Close Brothers Invoice Finance: Ideal Invoice Finance....
The article shares some research about the concerns of small businesses - cash flow and late payments - it then goes on to outline one solution, the IDeal invoice finance product. IDeal automates...
http://www.fundinvoice.co.uk/blog/research/post/new-article-from-close-brothers-invoice-finance-ideal-invoice-finance.html - New Article On Business Finance Research Results
My new article about our business finance research survey regarding the funding of fast growing businesses has been published by Ezine articles. You can read it here:...
http://ezinearticles.com/?Business-Finance-Market-Research-Results-For-Fast-Growing-Businesses&id=8529743...
The article details our findings regarding the funding options used by fast growing businesses and the role that invoice finance played in their financing. It also explains some of the reasons they...
http://www.fundinvoice.co.uk/blog/research/post/new-article-on-business-finance-research-results.html - New Invoice Finance Article - Why Non Bank Introduced Users Picked Their Facility
Latest article: Why Non Bank Introduced Users Picked Their Invoice Finance Facility....
It shows that, perhaps not unsurprisingly, the choice made by non bank introduced users is rarely to use their bank for their invoice finance facility. Whereas the majority of bank recommended users...
http://www.fundinvoice.co.uk/blog/research/post/new-invoice-finance-article-why-non-bank-users-pick-facility.html - New Invoice Finance Research Summary In Production
I am currently working on the next summary from our invoice finance market research summary. It should be available within the next few days and will summarise the findings from January 2015 through...
http://www.fundinvoice.co.uk/blog/research/post/new-invoice-finance-research-summary-in-production.html - Invoice Finance Results - The
The research results from our latest survey of existing invoice finance users have finally been completed. I am in the process of analysing them and I will share the results shortly. Initial...
There were many comments about this that will prove very insightful, for now I thought I would share one tiny gem of a comment made by one invoice finance client in response to the question: "Why do...
What a great comment!...
http://www.fundinvoice.co.uk/blog/research/post/new-invoice-finance-user-research-results-completed-secret-gem.html - New Start Ups Don't Realise Invoice Finance Is A Funding Option
Our recent survey of 100 new start up businesses found that 31% were unable to raise all the funding that they wanted but none of those with funding restrictions considered using invoice finance....
http://www.fundinvoice.co.uk/blog/research/post/new-start-ups-dont-realise-invoice-finance-is-a-funding-option.html - New Start Ups Financing Research Infographic
Here is a new infographic which summarises the research findings or a survey about the financing of new start up businesses. Vital information about funding new start businesses that should be seen...
New Start Ups Financing Research Infographic...
http://www.fundinvoice.co.uk/blog/research/post/new-start-ups-financing-research-infographic.html - New Starts Want More Support Advice & Help From Their Bank But Haven't Considered Invoice Finance
32% of new start ups that we interviewed (from a sample of 100 new start businesses) said they would have liked more support and advice when they started their new business....
Of those, nearly 41% said that they wanted more support from their bank....
When we looked at the other answers from that 41%, all of them said that they were unable to raise enough finance when they first started and in all cases they said that their bank were either...
Almost a third of this group ended up using their own or family money in order to fund their start up business as they were unable to secure enough bank funding and none of this group even considered...
http://www.fundinvoice.co.uk/blog/research/post/new-starts-want-more-support-advice-help-from-their-bank.html - New Study Of How Invoice Finance Users Pick Companies
I have just finished setting out the questionnaire for our next study which will canvass a sample of existing invoice finance users. The questions are varied but we are seeking to find out how...
We are also going to be asking them about any issues that they have with their invoice finance company. This will both help further inform our placement of future customers with providers and there...
The results will be published on the blog and also shared through the UK Invoice Finance Research group on LinkedIn....
http://www.fundinvoice.co.uk/blog/research/post/new-study-of-invoice-finance-how-pick-companies.html - 16K Invoice Finance Clients Could Be Outside UK Finance.
Is it possible that there could there be over 16,000 clients that are serviced by invoice finance companies which are not members of UK Finance?...
In my previous post about estimating the number of businesses using invoice finance in the UK, I estimated that in addition to the clients of the UK Finance members, 40,333 at the end of Q2 2019,...
I estimated the total percentage of £1M+ turnover businesses using invoice finance at c. 21%, although research by IGF, involving 500 businesses with turnover in excess of £1M, put the...
I thought it might be interesting to take the IGF figure, and work back the maths to determine how large their figure would make the client book of the non UK Finance members....
So applying the IGF percentage, 27%, to the total number of UK businesses with turnover in excess of £1M pa (according to my database search), would be 116,371 x 27% = 31,420....
This would be the expected total of clients of both UK Finance members, and non members....
According the UK Finance Q2 2019 statistics, their members had 40,333 clients at that time, of which 22,332 had turnover in excess of £1M pa....
Deducting the two figures would give: 31,420 - 22,332 = 9,088 clients of organisations that are non members of UK Finance....
The UK Finance figures for Q2 2019 show 44.6% of clients, by number, having turnover of under £1M pa. Applying that same percentage to the non UK Finance figures, would give rise to a further...
That would put the total clients, falling outside of UK Finance, at 16,404 - far larger than my original estimate....
Adding that to the UK Finance clients gives: 16,404 + 40,333 = 56,737 invoice finance users in the UK.- which is just under 1% of all UK businesses (5.7M)....
At the time of writing there were 41 ABFA UK Finance members listed on their site, and by my estimate, c. 100 distinct invoice financing organisations within the UK - hence 41% would be UK Finance...
Of the 59 invoice finance companies outside of UK Finance, based on the 16,404 client figure, on average they would have 278 clients each....
There are likely to be some significant concentrations, as companies like Marketinvoice, who are members of the Peer-to-Peer Finance Association rather than UK Finance, are likely to have...
The figures of 16K is much bigger than I had expected, and it is all predicated on a sample of 500 businesses interviewed, however the number of clients of non UK Finance members could be...
If it is as high as these figure suggest, that would mean that almost 29% of invoice finance clients are serviced by organisations outside of UK Finance....
http://www.fundinvoice.co.uk/blog/research/post/number-of-invoice-finance-clients-outside-uk-finance-16k.html - On Average Clients Use 2.1 Different Invoice Discounting Companies
http://www.fundinvoice.co.uk/blog/research/post/on-average-clients-use-2-1-different-invoice-discounting-companies.html - 1 In 3 Staff Agencies Plan To Use Invoice Finance
Research suggests that as many as 1 in 3 staff agencies plan to use invoice finance in the next year, as the sector anticipates a period of rapid growth....
Find out about PAYROLL FINANCE For Staff Agencies...
I posted in the past that 87% of recruitment companies in our survey said that they expected to grow their revenue over the next year. Despite many of those surveyed saying that they had been...
That growth is a key part of the UK's economic recovery from the impact of Covid-19, part of the UK Government's growth plan. With rapid growth comes the need for liquidity and good cash...
If you feel that your business isn't yet in a position to grow, take a look at our Business Growth Hub. It gives ideas about how you might increase your revenue and how you can use flexible...
One the the most important benefits of using invoice financing is that it boosts liquidity, the amount of money that a company has available to use. Liquidity is important to recruiters as it enables...
Invoice finance, often called Payroll Finance within this sector, releases money from unpaid customer invoices. That means that the agency doesn't have to wait for a customer to pay an invoice...
It is good to hear that so many recruiters are anticipating growing their turnover this year. This news creates an opportunity for the UK factoring and invoice discounting sector to help enable that...
Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/research/post/one-in-three-staff-agencies-plan-to-use-invoice-finance.html - Only 14.7 Percent Of Construction Businesses Raise Applications For Payment And Would Not Benefit From Them Being Funded
Our #constructionfinance survey of 100 construction sector businesses identified only 14.7% of construction businesses that raise applications for payment didn't think they would benefit from...
However, of this segment - 64% of them said they could forsee the need to raise business finance over the next 12 months. The key reason they didn't turn to invoice/applications finance as an...
This type of construction finance where funding is provided against applications for payment before they are approved is available and can provide more funding via construction finance than...
http://www.fundinvoice.co.uk/blog/research/post/only-14-7-of-construction-businesses-raise-applications-for-payment-and-wouldnt-benefit-from-them-being-funded.html - Only 19 Percent Of Construction Businesses Have Had An Invoice Finance/Applications Finance Quotation
Our construction sector finance survey revealed that 65% of construction businesses (100 surveyed) anticipate the need to raise finance over the next year and only 2% of construction sector...
We also asked these construction sector businesses if they had ever received a quotation for invoice finance/applications for payment finance (hereafter called construction finance) - only 19% said...
An interesting pipeline of statistics regarding construction sector businesses:...
This pipeline reveals a demand that is not being fully met by the invoice finance sector currently. I have statistics on the reasons for not proceeding with those construction finance quotes and the...
Construction finance remains an ideal solution for these businesses to meet that funding gap - if the majority with a funding need haven't even had a quote for construction finance it suggests...
http://www.fundinvoice.co.uk/blog/research/post/only-19-of-construction-businesses-have-had-an-invoice-financeapplications-finance-quotation.html - Only 2 Percent Of New Startups Used Invoice Finance To Fund Their New Start Business
In our recent survey of a randomly selected sample of 100 new start businesses, only 2% said that they used invoice finance to fund their start-up business....
As I have posted previously, only 4% of those startups that we surveyed said that they had even "considered" invoice finance and of those that didn't consider it, 39% of them said they...
Invoice finance can be the perfect funding solution for a new start business and there are many providers, both bank-owned and independent that are very happy to provide funding to new businesses and...
http://www.fundinvoice.co.uk/blog/research/post/only-2-new-startups-invoice-finance-fund-new-start-business.html - Only 22% Have Checked Invoice Finance Price
Only 22% of existing invoice finance user told our survey that they had price checked their factoring or invoice discounting facility against the market, over the course of the last year....
Ironically, many of these users also told us that they would like to see their financing charges reduced!...
You can get a free, independent price check, for factoring or invoice discounting, by following the link on the right hand side of this page to request a quote. Do you have no obligation to go ahead...
Source: Invoice Finance Recommendation & Advertising Survey May 2015 (100 respondents - all existing users)...
http://www.fundinvoice.co.uk/blog/research/post/only-22-have-checked-invoice-finance-price.html - Paperwork And Hassle Biggest Barriers To Moving Invoice Financiers
Our recent research suggests that the biggest perceived barrier to moving between invoice financiers is the amount of paperwork and hassle that is anticipated. Of those that anticipated barriers to...
There are procedures and services in place to help people move between invoice finance companies, without the hassle, but the uninitiated are often unaware of this and assume that the process will be...
http://www.fundinvoice.co.uk/blog/research/post/paperwork-and-hassle-biggest-barriers-to-moving-invoice-financiers.html - Part 2 Of The #TalkIF RBS Invoice Finance Discussions Quotes
The second part of the #TalkIF invoice finance discussions, hosted by RBS Invoice Finance took place last Thursday lunchtime and focused on entrepreneurs and how the achieve their goals. There is a...
The talks also touched on late payment and their summary quoted a piece of our research: "Glenn Blackman then tweeted an illuminating fact on the potential impact of invoice finance on late...
http://www.fundinvoice.co.uk/blog/research/post/part-2-of-the-talkif-rbs-invoice-finance-discussions-quotes.html - Predictions For 2016 Final TalkIF RBS Invoice Finance Twitter Talk
The final in a series of four #TalkIF Twitter talks, hosted by RBS Invoice Finance, took place yesterday. The discussion focused on "Predictions for 2016" and a couple of my tweets made the final cut...
@RBSIF Social media gaining a new market status - very true #TalkIF...
and...
#invoicefinance will help fund 2016's growth, particularly fast growing businesses: https://t.co/8uyjZBczgd #TalkIF #business2016...
The discussions over recent weeks have been interesting, if not somewhat intense! A Twitter debate is like trying to text half a dozen different parties, all having different conversations at the...
There has been some heavy weight participation with the likes of the Asset Based Finance Association (ABFA) and Forum of Private Business (FPB) participating. Hopefully it has made some contribution...
If anyone else is hosting a social media debate and would like a finance, marketing and research perspective, I would be happy to get involved....
http://www.fundinvoice.co.uk/blog/research/post/predictions-for-2016-final-talkif-rbs-invoice-finance-twitter-talk.html - Quote From Invoice Finance Client About Overdraft
This quote was given by an existing invoice finance client responding to our research study....
They were asked why more businesses don't use invoice finance and said: "[Businesses] just go down the overdraft route as probably don?t know what other options are out there"....
http://www.fundinvoice.co.uk/blog/research/post/quote-from-invoice-finance-client-about-overdraft.html - Quote Our Finance Research Findings
Had a nice email the other day from a contact who is looking to write a piece for a publication to do with the invoice finance industry. She asked if we had any research regarding overcoming barriers...
http://www.fundinvoice.co.uk/blog/research/post/quote-our-finance-research-findings.html - Read This Before Choosing An Invoice Finance Company
Before you choose an invoice finance company, please read this: Invoice Finance Research Our invoice finance market research page contains details of the research that we have completed so far and...
http://www.fundinvoice.co.uk/blog/research/post/read-this-before-choosing-an-invoice-finance-company.html - Reasons To Move Invoice Discounting Companies
http://www.fundinvoice.co.uk/blog/research/post/reasons-to-move-invoice-discounting-companies.html - Reasons Why Fast Growing Businesses Miss Out On Invoice Finance
This is a summary of the reasons non-users of invoice finance (84% of 100 high growth companies) gave for not considering invoice finance as a funding option for their high growth business (20%+...
More than half of these responses point to a lack of awareness of invoice finance as the key issue....
http://www.fundinvoice.co.uk/blog/research/post/reasons-why-fast-growing-businesses-miss-out-on-invoice-finance.html - Recruiters Planning For Growth Over The Next Year
Recruitment's post-pandemic recovery phase appears to be under way, according to the results of a recent survey that we conducted. It showed that recruiters are planning for growth over the next...
The pandemic has impacted every business in the UK, a few have benefited significantly. Moreover, most have suffered a drop in income, which is reflected in figures from the Office For National...
As part of our survey, we asked the recruitment companies that we spoke to how Covid-19 had affected their turnover. These were the results:...
So the recruitment sector seems to have held up pretty well, with over half saying that their revenues had either stayed the same or grown. We went on to ask them about their expectations for the...
When asked if they expected to grow over the next year, the results were much more homogeneous....
This is how they responded to our question about future expansion prospects:...
Anyone that is uncertain about their future growth prospects should take a look at our Growth Hub. It includes lots of helpful ideas about how to expand your business in our growth guide....
Growth supporting invoice finance is a product that is often used to finance rapid expansion. The finance generated increases in line with turnover, unlike other fixed lending facilities, e.g., a...
Source: Recruitment Covid Study - May 2021 (30 respondents randomly selected from the recruitment sector)....
http://www.fundinvoice.co.uk/blog/research/post/recruiters-planning-growth.html - Recruitment Sector Features In High Growth Sector Survey
Staff recruitment businesses, both temporary staff hire, permanent placements and sector specific recruiters featured heavily in our market research survey of fast growth UK businesses....
The list was compiled by calling a randomly selected database of businesses until 100 were identified for interview, all with annual turnover growth rates of at least 20%....
Within that list recruitment was the most frequently occurring industry sector....
Despite recruitment sector businesses being highly suitable for invoice finance only a few of the recruitment companies used invoice finance hence this does not account for the higher, 12% invoice...
http://www.fundinvoice.co.uk/blog/research/post/recruitment-sector-features-in-high-growth-sector-survey.html - Reduction In Would Be Seekers Of Finance
The good news is that where businesses feel they need finance, they are increasingly likely to seek it according to a recent survey....
The Q1 2015 SME Finance Monitor from BDRC Continental found that only 3% of SMEs had not applied for finance when they had wanted it, down from 6% for 2013 as a whole. The key reasons were assuming...
Our experience within the invoice finance sector is that there are still some businesses within this category, "would-be-seekers" of finance, but that finance is readily available, even with no...
http://www.fundinvoice.co.uk/blog/research/post/reduction-in-would-be-seekers-of-finance.html - Research Advice
http://www.fundinvoice.co.uk/blog/research/post/research-advice.html - Research Services - Need Help With Small Phone Based Research Surveys?
We undertake an ongoing programme or research within the invoice finance sector (view some of our work here), but we also provide our Research Services to other businesses, including those in other...
We can help with customer satisfaction monitoring, exit polling lost customers or prospects that didn't buy from you, and with market research projects - to understand what your target market...
If you need some help with a research project, please give us a call to chat it through on: 03330 113622....
http://www.fundinvoice.co.uk/blog/research/post/research-services-help-with-small-phone-based-research-surveys.html - Results Of Our Invoice Discounting Mystery Shop To Follow
http://www.fundinvoice.co.uk/blog/research/post/results-of-our-invoice-discounting-mystery-shop-to-follow.html - Revealed Why Clients Pick Particular Invoice Finance Facilities
A new article is available that reveals why clients pick particular invoice finance facilities. It details the reasons that they gave for choosing their facility. Key drivers such as help with...
Article: Revealed - Why Clients Pick Particular Invoice Finance Facilities...
http://www.fundinvoice.co.uk/blog/research/post/revealed-why-clients-pick-particular-invoice-finance-facilities.html - Review Ratings For Invoice Finance Companies
Looking for invoice finance company reviews online? This might be helpful as I have pulled together all the online customer review ratings that I could find, the details are below....
COMPARE INVOICE FINANCE QUOTES...
On 5th March 2019, I searched for online reviews for each of the invoice finance companies on our list. I searched using Google and in some cases there were:...
I also looked at the home page of their website, and any obvious pages where there might have been something about customer reviews listed. So in some cases, there were pieces of research mentioned,...
Where providers were part of a larger group, and there was no separate score found for the division, product or subsidiary, it has not been recorded in the table below. ...
A word of caution, please consider the scores in the context of the number of reviews, if there are very few reviews the results will not necessarily be reliable. Also bear in mind that anyone, not...
You should check that these figures have not changed since the publication of this article....
If you are from an invoice finance company, and you have review results that are not listed below, feel free to comment and I will happily add them....
For the purpose of this exercise, I ignored reviews on sites such as Glassfloor and Indeed, as these are employee reviews. I have also ignored reviews by brokerage sites....
The invoice finance companies below are listed in alphabetical order:...
Notes:...
* Invoice finance reviews ...
http://www.fundinvoice.co.uk/blog/research/post/review-ratings-invoice-finance-companies.html - Satisfaction Levels With Independent Invoice Finance Companies 45% Higher Than Banks
In our survey of 100 existing invoice finance clients we separated those using high street bank owned invoice finance companies from those using independent providers. We went on to calculate the...
Only recently we had a potential client that insisted that they only dealt with banks - this finding might cause them to think twice....
Despite the findings, the major banks often play a vital role in funding potential clients that are looking for particular services, funding flexibility or pricing that might not be available from...
http://www.fundinvoice.co.uk/blog/research/post/satisfaction-levels-with-independent-invoice-finance-companies-45-higher-than-banks.html - Are Revolving Credit Lines More Popular Than Single Invoice Finance
Which is more popular single invoice finance (SIF) or revolving credit lines? Our experience, as detailed below, is that the majority want revolving credit, with a more modest niche demand for SIF....
COMPARE INVOICE FINANCE QUOTES...
It's probably best to start with brief definitions of what these terms mean (see our free receivables financing guide for more information). Single invoice finance (SIF - often called selective...
See a related case study about Factoring 1 Invoice....
Revolving credit lines, in the context of receivables financing, are often called whole turnover facilities and are where the supplier (the client of the finance company) submits all their invoices...
The fees to fund any invoice under a single invoice arrangement tend to be proportionately higher than they would be for that same invoice under a revolving facility. With revolving facilities, the...
SIF has only become available in the last few years, for many years all receivables financing facilities were for the whole turnover....
Some time ago we conducted some research where we asked a sample of randomly selected SMEs whether they thought businesses would prefer SIF, or invoice finance that included all their invoices. We...
Since then, we have seen a number of new invoice finance providers entering the market, many of them offering only SIF. Sometimes, being brokers, we have been contacted by almost one new SIF provider...
One of the largest of the UK SIF providers, outside of UK Finance originally started out offering only SIF to clients when they launched and then diversified to offer the provision of whole turnover...
At FundInvoice, we have arranged many SIF facilities for customers, but whole turnover remains the lion's share of the enquiries that we see. We offer the full spectrum of receivables finance...
So the demand that we have seen is largely for revolving credit facilities rather than SIF. Despite this, there remains a clear niche requirement for SIF....
http://www.fundinvoice.co.uk/blog/research/post/single-invoice-finance-or-revolving-credit-line.html - SME Loan And Overdraft Research Published by BDRC Continental
A huge piece of lending-related research, the SME Finance Monitor, amongst 10,118 SMEs has been published by BDRC Continental. The key findings were:...
Find out more about SME Invoice Finance....
http://www.fundinvoice.co.uk/blog/research/post/sme-loan-overdraft-research-published-by-bdrc-continental.html - SMEs Dramatically Over Estimate The Number Of Invoice Finance Users
Our research amongst SMEs also revealed that 49% of those SME businesses we questioned dramatically over estimated the proportion of UK businesses that use invoice finance, when the actual number is...
In fact the number of UK businesses using invoice finance is less than 1% of the total number and we have some more results of our research survey to follow that will demonstrate how poorly these...
http://www.fundinvoice.co.uk/blog/research/post/smes-dramatically-over-estimate-the-number-of-invoice-finance-users.html - Percentage Of SMEs Using External Finance Increases.
The percentage of SMEs using external finance has increased to 46% (H1 2019). This is an increase, up from just 36% in 2018, according to the latest Q2 2019 SME Finance Monitor - published by BVA...
FIND EXTERNAL FINANCE...
The report shows that there has been a significant increase, of nearly 28%, in the proportion of SMEs that are using external finance - positive news for the business finance sector....
This has been fuelled by a reduction in the percentage of "permanent non-borrowers" (PNBs), down to 41% from 48%....
The report also suggests that more SMEs expect future business growth. The proportion expecting growth has risen to 50% at the end of the first half of 2019. This seems a very positive figure, in the...
13% of SMEs polled expected to apply for external finance in the coming months. However, the survey reports that some 24% of historic applications for finance have not resulted in a facility. The...
Many businesses are now aware that there is an extensive alternative finance market of funders that are in place to help with failed applications for finance....
They are often able to assist where parties that have been unable to qualify for traditional bank facilities, or have been declined. We can put you in contact with sympathetic funders. These can...
To understand more please speak to Sean on 03330 113622 and he will be able to outline the alternative finance options that may be available to your company....
http://www.fundinvoice.co.uk/blog/research/post/smes-using-external-finance-increases.html - Solving Cash Flow Problems For Creative Agencies
Recent research conducted by invoice financing company Marketinvoice has revealed that 48% of creative sector businesses were paid late during 2018, hindering revenue growth and ambitions of the...
This level of late payments will be putting a significant strain on the individual cash flows of those companies that are having to accept delayed payments from debtors. It can be particularly...
The study reviewed over 15K of invoices from over 500 creative agencies and consultancies, such as those supporting:...
Often companies operating within these sectors have to put up with long payment terms from customers, sometimes several months, which can lead to cash flow problems. The invoice financing services of...
This is an example of a customer, in the creative sector, whom we were able to assist with a one-off cash flow injection from receivables financing....
Improving your credit control procedures could be another way of ensuring that you are paid as quickly as possible, however, even with the most effective invoice collection procedures in place...
If you have slow-paying customer, that you know is struggling with cash flow issues, you could recommend them to use an invoice finance service. In this way, they may be able to pay you faster once...
http://www.fundinvoice.co.uk/blog/research/post/solving-cash-flow-problems-for-creative-agencies.html - Startups Just Don't Know That Invoice Finance Is For New Start Businesses
Yesterday I revealed that a startling 96% of new startups didn't consider invoice finance to fund their new start business. We then went on to ask them why they didn't consider invoice finance as an...
The top answer given by 39% of respondents that didn't consider invoice finance was that they "didn't think invoice finance was an option for start ups"....
This shows a real lack of understanding of invoice finance - it is available to start-ups and there are numerous invoice finance companies that will provide funding for new start businesses....
More results from our start-ups survey will follow....
http://www.fundinvoice.co.uk/blog/research/post/startups-dont-think-invoice-finance-is-for-new-start-businesses.html - Survey Result Top 6 Invoice Finance Service Companies
A survey of 2,000 invoice finance users, undertaken last year, asked the clients to rate their invoice finance company overall and these ratings were averaged and compared....
These were the top 6 invoice finance service companies that received the highest ratings from their clients in the survey:...
Read the full article here: Top 6 Invoice Finance Service Providers....
http://www.fundinvoice.co.uk/blog/research/post/survey-result-top-6-invoice-finance-service-companies.html - Switching From Overdraft to Invoice Finance
My recent article "How to switch customers from overdraft to invoice finance" has just been published by Commercial Finance Today....
The article explains the results of our recent research into the reasons for customers using overdrafts and what customers say is needed in order to entice them to switch from overdraft to invoice...
If you are interested in switching from overdraft to invoice finance please us directly, we may be able to find you a cost saving on your existing charges and/or additional amounts of funding....
http://www.fundinvoice.co.uk/blog/research/post/switching-from-overdraft-to-invoice-finance.html - #TalkIF Twitter Debate Via RBS Invoice Finance
The first of the 4 #invoicefinance debates, hosted on Twitter by RBS Invoice Finance (using John Brown Media) was really interesting - you can go onto Twitter, search the hashtag #TalkIF and you will...
It was good to participate (as far as the roaming mobile network would allow!) and I look forward to the debate over the next 3 weeks. RBS Invoice Finance will be publishing a blog post summarising...
If anyone wants access to our invoice finance market research archive prior to next week its all online: Invoice Finance Market Research Archive...
http://www.fundinvoice.co.uk/blog/research/post/talkif-twitter-debate-via-rbs-invoice-finance.html - The Best Thing We Did For Our Business
http://www.fundinvoice.co.uk/blog/research/post/the-best-thing-we-did-for-our-business.html - The Biggest Challenge Facing Businesses This Year
We recently conducted a poll of 100 SME businesses and one of the questions we asked them was to name the biggest challenge that is facing their business over the course of the next year....
The research results were interesting and were published over the next few days on this blog....
-----------------------------------------------------...
These are links to the posts relating to the results of that research:...
49% of SMEs expect to have insufficient cash...
Cashflow is the second biggest issue...
Lack of sales is the joint second biggest issue...
Lack of credit an issue for only 7% of SMEs...
http://www.fundinvoice.co.uk/blog/research/post/the-biggest-challenge-facing-businesses-this-year.html - The Consequences Of Insufficient Funding To High Growth Companies
When we surveyed 100 high-growth companies, we identified 59% who said they had not had access to sufficient finance and funding to support their growth rate (growing faster than 20%+ pa). We went on...
The key issue this identifies is the link between the lack of finance available to fast-growing companies, the loss of business in the UK and the loss of UK jobs - both essential to growing the UK...
http://www.fundinvoice.co.uk/blog/research/post/the-consequences-of-insufficient-funding-to-high-growth-companies.html - The Reasons Why Only 2 Percent Use Construction Finance
As part of our recent #constructionfinance survey, we asked 100 construction businesses if they needed to raise finance over the next 12 months - 65% said they did. However, we also asked if they...
These are the reasons they gave for not using construction finance:...
So the results suggest that the biggest issue for financing this sector is a lack of knowledge that construction finance is even available with 42% having never heard of it and a further 3% having...
http://www.fundinvoice.co.uk/blog/research/post/the-reasons-why-only-2-use-construction-finance.html - The Start Ups With Funding Restrictions Used Either Overdraft Or Family Money - Not Invoice Finance
In our recent survey of 100 new start up businesses we found that 31% of our sample said that they couldn't raise all the funding that they wanted initially....
74% of those start ups that couldn't raise enough funding initially were using bank overdraft whilst the remaining 26% were either using their own or family money. None of these respondents that were...
In contrast, the small number of respondents that used invoice finance to fund their new start up business (2% of our sample) said that they were able to raise all the funding that they needed...
http://www.fundinvoice.co.uk/blog/research/post/the-start-ups-with-funding-restrictions-used-either-overdraft-or-family-money-not-invoice-finance.html - 20% Think Its Harder To Get Invoice Finance Than Overdraft
Just to complete the statistics, following on from my previous posts:...
20% of respondents, in that survey of 100 SME businesses, thought that it would actually be harder to get invoice finance than to get an overdraft! There is a great amount of misunderstanding here as...
We asked that 20 respondents why they thought it would be harder to get invoice finance than an overdraft and their reasons were as follows:...
Most of these reasons are incorrect. I have addressed each of them in turn below:...
Overall, we have identified a large amount of misunderstanding about the criteria for invoice finance and our research has demonstrated that there are huge gaps in the understanding of SME businesses...
http://www.fundinvoice.co.uk/blog/research/post/think-its-harder-to-get-invoice-finance-than-overdraft.html - Top 3 Pieces Of Advice From Business Owners For New Start Ups
As part of our #startups survey we asked 100 new start up businesses: "If you could give someone starting a new business one piece of advice what would it be?"....
The top 3 pieces of advice for new start ups, from business owners, were as follows: Write a business plan - 24% Get professional help/listen to guidance - 20% Get plenty of funding/keep money in...
I will publish the remainder of the advice for new start ups from business owners shortly....
http://www.fundinvoice.co.uk/blog/research/post/top-3-pieces-of-advice-from-business-owners-for-new-start-ups.html - Top 5 Reasons For Moving Between Invoice Finance Companies
These were the top 5 reasons that clients gave for moving to their existing invoice finance company from another provider - research results from our market research survey of 100 existing invoice...
By far the key reason for moving invoice finance companies is cost savings - moving between providers for cheaper invoice finance deals. The second reason was not anticipated when we planned the...
Service levels and flexibility are there but further down the list....
Article - Free guide explaining - How To Switch Invoice Finance Or Factoring Companies....
http://www.fundinvoice.co.uk/blog/research/post/top-5-reasons-for-moving-between-invoice-finance-companies.html - Types Of Companies Using Invoice Finance
This is an analysis of the types of company that were found to be using invoice finance in our recent survey: Types Of Companies Using Invoice Finance....
The users were analysed according to industry sector, number of employees, level of turnover and size classification....
http://www.fundinvoice.co.uk/blog/research/post/types-of-companies-using-invoice-finance.html - UK Business Conditions Survey
It would be much appreciated if you would complete our 10 question multiple choice survey about current UK Business Conditions, the results of which will be published on the blog and in future...
Survey Closed...
Thanks...
http://www.fundinvoice.co.uk/blog/research/post/uk-business-conditions-survey.html - UK Invoice Finance Market Sizing
I have added a new infographic in PDF form to the FundInvoice site sumarising our sizing of the UK invoice finance (factoring & invoice discounting) findings. It shows a scale diagram of the...
It then contrasts that low market penetration (c. 0.86%) with the penetration that we have found within segments such as "fast growing" businesses (12%)....
UK Invoice Finance Market Sizing...
Our next survey, the results of which are going to be published soon, will include some findings on the reasons for the current level of market penetration and ways to increase it....
All Market Research Materials...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-market-sizing.html - UK Invoice Finance Market Sizing Against Factorable Businesses
I was asked if the 0.86% market share of businesses using invoice financing was of just of factorable businesses i.e. trades that would be acceptable to a factoring or invoice discounting company to...
To answer the question, no the market share, at the beginning of 2014, that I estimated was c.0.86% of all businesses - not just factorable ones (view market sizing infographic)....
To approximately gauge that I have an old market sizing research paper that I did with 2008 figures: Market Sizing 2008 - Invoice Finance and that showed in 2008 4.8m businesses in total in the UK. I...
The only other slight footnote is that at least one of the ABFA members now provides finance to retailers (I am sure its not a huge volume but anyway) I don't know if they are including that...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-market-sizing-against-factorable-businesses.html - UK Invoice Finance Research Group Breaks 1,000 Members
Great news! The UK Invoice Finance Research Group on LinkedIn now has 1,001 members - having broken through the 1,000 member mark. The group shares and discusses invoice finance related research, for...
The group is free to join - just click on the "Research" tab above and follow the link....
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-breaks-1000-member-mark.html - UK Invoice Finance Research Group Breaks 500 Member Mark
I am pleased to announce that the UK Invoice Finance Research Group, which I manage via Linkedin.com, has broken the 500 member mark with 502 existing members as of yesterday....
The group is free to join and discusses research and research related issues relating to the invoice finance industry with a view to trying to encourage the expansion of the UK invoice finance...
To view and join the group please follow this link: UK Invoice Finance Research Group...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-breaks-500-member-mark.html - UK Invoice Finance Research Group Image Updated At Last!
UK Invoice Finance Research Group On LinkedInEvery time I visit the UK Invoice Finance Research Group on LinkedIn it defaults to a place holder image - I have finally updated it and changed it for...
The group shares and discusses research findings relating to the industry with the mutual aim of helping the industry to grow. If you subscribe to those aims and would like to join the group its open...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-image-updated-at-last.html - UK Invoice Finance Research Group Launched On Linkedin
Last night I created a group on Linkedin called "UK Invoice Finance Research" group which already has 22 new members! The purpose of the group is to share research findings relevant to invoice...
Initially I will update it with some of the findings that I have posted to this blog but we are constantly conducting new research so that will also be shared with the group....
The group and www.linkedin.com are both free for anyone to join....
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-launched-on-linkedin.html - UK Invoice Finance Research Group Has 600 Members On Linkedin
Anyone who is anyone within the invoice finance arena should join the the UK Invoice Finance Research Group on Linkedin - its completely free and it shares and discusses research findings relating to...
We have reached another milestone! I can report that our group now has 600 members on Linkedin - and they include some serious names from within invoice finance and allied sectors:...
The UK Invoice Finance Research Group was set up to enable the sharing and discussion of research relevant to invoice finance, factoring, invoice discounting and related subjects to aid in the...
I have regularly used the group to share the results of a number of pieces of research that have been conducted (as have others) regarding invoice finance related issues. The content is often unique...
The UK Invoice Finance Research group is open to anyone that has an interest in invoice finance including factoring & invoice discounting companies, industry professionals, existing &...
We have also allowed some invoice finance companies and recruitment companies to post invoice finance related jobs so it will also keep you on the radar for the latest factoring industry jobs. The...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-linkedin-600.html - UK Invoice Finance Research Group Reaches 700 Members
The UK Invoice Finance Research Group which I started on LinkedIn.com has reached the 700 member mark....
The group is a platform for sharing research findings related to the invoice finance industry with the objective of expanding the market penetration of invoice finance products such as factoring and...
There are numerous historic discussions on the groups forum that you can read and contribute to. There is an enormous about of free information that can be used by any parties within the invoice...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-reaches-700-members.html - UK Invoice Finance Research Group Tops 300 Members
Good news, the membership of the UK Invoice Finance Research Group (see Linkedin.com) is now 306 members, having broken through the 300 member mark recently....
This is something of an achievement when you consider the size and specialist nature of our sector....
If you would like to join our free discussion group please follow this link: http://www.linkedin.com/groups?mostPopular=&gid=3323843...
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-tops-300-members.html - UK Invoice Finance Research Group Tops 800 Members
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-tops-800-members.html - UK Invoice Finance Research Group Tops 900 Members
The membership of the UK Invoice Finance Research group on LinkedIn has now topped 900 members. The membership reads like a who's who of the invoice finance industry with members from most of...
The purpose of the group is to share and discuss research findings that are relevant to factoring and invoice discounting, with the ambition of helping to expand the UK market, and allow a larger...
You can find details of the group, which is free to join, in our research section under Find Out More....
http://www.fundinvoice.co.uk/blog/research/post/uk-invoice-finance-research-group-tops-900-members.html - Using ChatGPT AI To Find Invoice Finance
ChatGPT and other AI (Artificial Intelligence) driven sites and apps are being used increasingly for all sorts of things ranging from writing content to finding services. I wanted to see how ChatGPT...
If you would like a real invoice finance broker to find funding for you please:...
COMPARE QUOTES NOW...
The objective of this exercise was to find out if ChatGPT would do a better or worse job than our invoice finance experts at finding a facility for a typical prospective client....
This is how I briefed ChatGPT to be a broker:...
I am a temporary staff recruiting company in the UK needing an invoice finance company that will finance just a couple of invoices. Who can provide that service? Ask any questions that you need...
This is what ChatGPT asked me to clarify the brief:...
To assist you better, I need a bit more information:...
1. Invoice Amount: What is the typical value of the invoices you need financed?2. Industry: What industry are your clients primarily in? This can affect the type of finance company that will be most...
These details will help me recommend the most appropriate invoice finance company for your needs....
These were my answers:...
1. About £10K each invoice2. Healthcare3. RPO debtors (neutral vendors) so good companies but not sure how well-rated they are4. Initially 2 invoices but maybe more if I need some additional...
These were the recommendations that ChatGPT gave me:...
Thank you for the details. Based on your requirements, here are some invoice finance companies in the UK that can potentially finance a couple of invoices for you:...
1. Company AOverview: Company A offers selective invoice finance, allowing you to choose which invoices to finance.Features:Finance individual invoicesFast approval processCompetitive ratesSuitable...
NO - This company has changed its name from the name that was given. It does offer selective facilities but not to a small business of this size. ...
2. Company BOverview: Company B provides selective invoice finance for businesses, with a focus on simplicity and speed.Features:Finance single or multiple invoicesQuick access to fundsNo long-term...
YES - This company does offer selective invoice financing to smaller organisations, it is the only one of ChatGPT's recommendations that could offer the right type of facility to this client....
3. Company COverview: Company C is a well-known provider of invoice finance solutions, including selective invoice finance.Features:Flexible finance optionsIndustry expertise, including...
NO - This company is well known and a good independent but they don't offer selective facilities hence they would not be able to help our client....
4. Company DOverview: Company D offers selective invoice discounting, enabling businesses to get funding for individual invoices.Features:Selective invoice discountingFast and flexible...
NO - Again a great independent provider but another one that doesn't offer selected invoice financing....
5. Company EOverview: Company E provides a range of invoice finance solutions, including the option to finance individual invoices.Features:Flexible funding optionsIndustry-specific expertiseRapid...
NO - Yet another strong independent provider but again it doesn't offer this type of selectable invoice finance. Once again it also suggested an old company name that was rebranded a while ago....
ChatGPT then gave me contact details for each of the options and suggested that I reach out to them. At no point did it suggest getting in touch with an invoice financing broker....
Based on this exercise I would not recommend using Chat GPT as a substitute for a human invoice finance broker. The process it followed to understand my needs was reasonable but its recommendations...
When I asked the AI to provide the URLs where it had confirmed that those providers offered selective facilities, it only put forward two articles featuring just company A. The same articles were...
Sadly, this piece of research has confirmed that this AI is not yet at a point where it can be relied upon to broker an invoice finance quote so we would suggest you get in touch with a human expert...
http://www.fundinvoice.co.uk/blog/research/post/using-chatgpt-ai-to-find-invoice-finance.html - Wales Can Show The Way By Embracing Invoice Financing for SMEs
Great piece in Wales Online about the need to build awareness of invoice financing for SMEs: Wales can show the way by embracing invoice financing for SMEs - Dylan Jones-Evans - Wales Online....
This was my comment: "Awareness of invoice finance is a significant issue, in our research survey of existing users 21% thought that awareness and lack of promotion of these products, was the key...
I would also mention that there are both independent and bank owned invoice finance companies that will cater for both large and small businesses. It is not a case of just banks addressing large...
http://www.fundinvoice.co.uk/blog/research/post/wales-can-show-the-way-by-embracing-invoice-financing-for-smes.html - What Existing Invoice Finance Users Think
http://www.fundinvoice.co.uk/blog/research/post/what-existing-invoice-finance-users-think.html - What Is Missing From The Invoice Finance Market?
We questioned 100 SMEs (small and medium-sized enterprises) regarding what they thought was missing from the invoice finance market. I have already published some of the results but below is a full...
http://www.fundinvoice.co.uk/blog/research/post/what-is-missing-from-the-invoice-finance-market.html - Which Receivables Financing Products Are Most Popular
We wanted to address the question of which receivables financing products are the most popular....
To find out we decided to compare search volumes and find out which products got the highest number of daily searches online....
This gave us a proxy for which receivables financing products are the most popular....
COMPARE QUOTES NOW...
Our research approach was to use Google Trends to compare the daily searches for each of the terms that customers use....
These are the results shown in Searches Per Day via www.google.co.uk....
We looked back over the last 5 years before today and these were the averages:...
This shows that the most searched product was "factoring". However, a note of caution. There is also a mathematical use of this term and it is likely that much of that search traffic is related to...
The most striking revelation is how high the search volume is for "invoice finance" and "invoice financing". Historically, these terms were much less used in the UK. Combined they account for 61...
Receivables finance/financing received very few searches in the UK, this term may be much more prevalent in the USA, however, it is little used in the UK. Indeed if you search the United States...
With an innovative approach using Google Trends data over the past five years, we uncover which receivables financing products have captivated the interest of the UK market....
Compare these results with our historic search of similar terms....
Receivables financing, an umbrella term for various financing options that allow businesses to fund themselves using outstanding invoices as security, offers a lifeline to companies needing immediate...
Our research methodology involved analysing daily search volumes for key receivables financing terms on Google.co.uk, aiming to gauge their popularity and, by extension, their acceptance and usage...
Factoring Dominates: Topping the list with an average of 53 searches per day, factoring stands out as the most searched-for product. However, it's important to note the potential skewing of data...
The Rise of Invoice Finance: Close behind, with 50 daily searches, is "invoice finance," a term historically less utilised in the UK. Its growing search volume signals an increasing awareness and...
Emerging Preferences: Other terms like "invoice factoring," "invoice discounting," and "debt factoring" show considerable search activity, indicating a healthy interest in varied receivables...
This analysis highlights the dynamic preferences within the UK's receivables financing landscape. The significant search volume for "invoice finance" and its variants reflects a shift towards...
The disparity in search volumes for terms like "receivables finance" versus "factoring" or "invoice finance" hints at a regional variation in terminology preference. While "receivables finance" may...
Understanding these trends is crucial for UK companies considering receivables financing as a liquidity solution. The popularity of terms such as "factoring" and "invoice finance" underscores the...
Moreover, the evolving search trends suggest that businesses are increasingly seeking out alternative financing solutions, likely driven by the need for more flexible, accessible funding sources than...
The landscape of receivables financing in the UK is rich and varied, with different products catering to diverse business needs. This Google Trends analysis provides a snapshot of the current...
http://www.fundinvoice.co.uk/blog/research/post/which-receivables-financing-products-are-most-popular.html - Which Industry Sectors And Trades Use Invoice Finance
Understanding which industry sectors and trades tend to use invoice funding might be useful if you are considering taking up a facility. After all, this type of funding is not necessarily suitable...
The broad range of different trades that use receivables financing, suggests that there is a facility of some description tailored to almost every industry sector, with a particular focus on some...
UK Finance is the industry body that represents the receivables financing sector. Part of their organisation was formerly known as the ABFA. The industry body publishes quarterly statistics which...
The UK finance member's client numbers breakdown, by sector, for the quarter ending December 2018 was as follows:...
So it can be seen from those high-level sectors, that almost all trades are catered for to some degree. This includes sectors such as construction and retail, which are not handled by all funders...
In our own research, we have found a correlation between high-growth businesses and increased use of invoice funding services. There are also key sectors, such as the recruitment sector, which has a...
We have put together an extensive list of industry SIC codes (Standard Industry Classification codes), against which we have assigned letters, indicating which receivables financing products are...
In addition to these approaches to funding different sectors, there are of course other options, such as traditional business loans, which are broadly available and could be used in any sector....
Call Sean on 03330 113622, if you would like more help and guidance regarding any of these services, and how they can help your sector....
http://www.fundinvoice.co.uk/blog/research/post/which-trades-sectors-use-invoice-funding.html - Why Do 56 Percent of SMEs Prefer An Independent Invoice Finance Company
In our survey 56% of SMEs questionned said that they would prefer to use an independent invoice finance company rather than one owned by a bank. 41% of those respondents said the reason for their...
Find out about SME Invoice Financing....
http://www.fundinvoice.co.uk/blog/research/post/why-do-56-of-smes-prefer-an-independent-invoice-financier.html - Why Do Businesses Think Invoice Finance Is Easier To Get Than Overdraft?
As you may have seen from my previous posts only 7% of businesses think that it is easier to qualify for invoice finance rather than a bank overdraft. This is a major misunderstanding as invoice...
Of those businesses that said that they thought it would be easier to qualify for invoice finance than overdraft we went on to ask them why....
These were the reasons they gave: 3 said "flexibility" 1 said an invoice finance company monitors constantly, funding grows with you, more of a relationship 1 said less restrictions 1 said the factor...
http://www.fundinvoice.co.uk/blog/research/post/why-do-businesses-think-invoice-finance-is-easier-to-get-than-overdraft.html - Why Fast Growing Companies Are Missing Out On Available Finance
This article explains recent research conducted into the finance requirements of high growth companies (20%+ pa) and it identified the reasons why very few fast growing companies are finding their...
The key reasons were "invoice finance not being mentioned as an option" by the bank, accountant or advisers and "not knowing what invoice finance was". These two answers alone accounted for 50% of...
This issue needs some serious action from the invoice finance industry to put this available finance source on the map for high growth companies that are failing to find their way to invoice finance....
Read the full research findings here: Why High Growth Companies Are Missing Out On Available Finance...
http://www.fundinvoice.co.uk/blog/research/post/why-fast-growing-companies-are-missing-out-on-available-finance.html - Why More Businesses Don't Use Invoice Finance
The second most popular response to this question was some combination of the following: Lack of awareness [amongst businesses]. Lack of promotion [by the invoice financing industry]. Not having...
This was the question that we put to a group of 100 existing invoice finance clients, from a selection of different providers, as part of our recent study....
More results will follow....
Source: Invoice Finance User Survey 26th February 2015 (100 respondents that may have given multiple reasons)....
http://www.fundinvoice.co.uk/blog/research/post/why-more-businesses-dont-use-invoice-finance.html - Will Invoice Finance Grow In 2012?
We have posed this question to the UK Invoice Finance Research Group on Linkedin....
To give your opinion on whether the UK Invoice Finance market will grow in 2012 please vote...
http://www.fundinvoice.co.uk/blog/research/post/will-invoice-finance-grow-in-2012.html - Your Help Please Short 2 Question Survey About Invoice Finance Awareness
This was a very short, 2-question survey about invoice finance awareness in the UK. I appreciate those who provided their views. Our invoice finance research is all available for you to view....
http://www.fundinvoice.co.uk/blog/research/post/your-help-please-short-2-question-survey-about-invoice-finance-awareness.html - FREE eBook Selling Without Shaking Hands
Amazon is allowing us to run a limited period FREE promotion for our ebook version of "Selling Without Shaking Hands - How To Sell From Anywhere"....
So don't miss the opportunity to get to see our new sales system for absolutely nothing. This promotion is for a very limited time only and it won't be repeated, so don't miss it....
From 8 am (BST) Friday 25th September 2020 you can download our ebook absolutely FREE for a limited period only....
Here's the link to our ebook on Amazon:...
Download the eBook via the Amazon Bookstore or on Kindle Unlimited #SellingWithoutShakingHands...
If you don't have a Kindle, no worries - you can get the free Kindle app (from the App Store) that will work on ALL devices:...
This will be a one-time promotion for 5 days so you only have a few days. There is a very limited time to take advantage of this offer. It won't be repeated, this is a one-off under the terms of...
Mike Vince and I co-authored the book and we have agreed to this promo to give a wider audience the chance to read our book and see the benefits of our tipping point sales system. All we ask is that...
After you get your free ebook, we would appreciate you leaving a review of our book on Amazon, we have a few on there already but would love to hear what others think....
Do you already have Kindle Unlimited?...
If you do, you can already read our ebook on Kindle Unlimited for free: "Selling Without Shaking Hands - How To Sell From Anywhere"....
Follow the link in the sentence above to my original blogpost which has a link to the book in the Amazon bookstore, or use the direct link at the top of this post....
http://www.fundinvoice.co.uk/blog/sales/post/free-ebook-selling-without-shaking-hands.html - Images To Promote Your Book Discount Code For Mockup Shots
Images to promote your books can be difficult to find if you are self-publishing. Below in this article you will find a discount link for a book image service....
When we published "Selling Without Shaking Hands - How To Sell From Anywhere", I came across a fantastic website that I want to recommend, called Mockup Shots and I am now able to offer other people...
This is the discount code link: Mockup Shots Discount...
It's a very clever piece of software that allows you to upload your book cover (or multiple book covers as there are no limits once you buy a one-off subscription). The software then creates...
The software even allows you to edit and crop the images, or add text to them - to help communicate your messages....
There are literally hundreds of different photos in which your book will appear, some as paperbacks, hardbacks and even Kindle, tablet and phone versions. Additionally, there are even videos and gifs...
You only pay a single fee for a lifetime membership, and you can use the software for as many books as you like*. I can offer you a discount of USD118 on the price at the time of writing if you use...
*NOTE: We can't take any responsibility for the ongoing nature of a lifetime membership from a third party organisation or the continuity of availability. I downloaded a large number of images...
http://www.fundinvoice.co.uk/blog/sales/post/images-to-promote-your-book-discount-code-mockup-shots.html - Read Our Sales Book For Free With Kindle Unlimited
You can read our sales book for free with Kindle Unlimited....
Do you already have Kindle Unlimited?...
If you do, you can read our new book on Kindle Unlimited for free: "Selling Without Shaking Hands - How To Sell From Anywhere"....
Follow the link in the sentence above to my original blogpost which has a link to the book in the Amazon bookstore....
I wrote the book with Mike Vince during the lockdown. Mike runs a sales training company and I have spent years working with phone based sales people and selling to customers for our business. We...
We specifically wanted to address the difficulties arising from the recent lockdown and its impact on being able to get in front of customers. So we designed a system that doesn't rely upon you...
Mike and I conducted the entire writing process remotely. We handled everything from the original brainstorm to regular review sessions through Zoom and with the use of email to exchange copy and...
The book will be of interest to anyone that works in sales, has their own business or is thinking about starting a new business. It should have something to add whether you are new to sales or...
It is available from the Amazon bookstore, where you can download the free introductory chapter. The whole book is free to read if you have Kindle Unlimited....
http://www.fundinvoice.co.uk/blog/sales/post/read-our-sales-book-free-kindle-unlimited.html - Selling Without Shaking Hands My Book Is Out
I have finally achieved one of my life goals and published a book "Selling Without Shaking Hands - How To Sell From Anywhere" (by Glenn Blackman & Mike Vince). It feels great to have it finished...
READ IT NOW from the Amazon Bookstore....
This was the product of the extra time available during the lockdown and it ticked something off of my personal bucket list. ...
SWOSH is available from the Amazon bookstore in either paperback or ebook format, currently at £7.95. You can read it for FREE with Kindle Unlimited....
You can download it onto ANY device using the Kindle app (see What if I don't have a Kindle)....
I would be interested to hear your views on it and we would of course appreciate you leaving a review on Amazon for us....
We found a great piece of software that creates promotional images of your book, you can also include captions on the images. If you would like to use the same software, we can offer you a...
The book is all about selling techniques and how to be more successful by using a simple system. Much of it is focused on minor changes that can have a dramatic outcome in a negotiation....
We have addressed how you can continue to sell effectively, post-pandemic when face-to-face contact can be difficult and technological advances have put you at an arms-length distance from your...
It contains lots of relevant guidance for people running or starting their businesses, sales professionals and anyone who needs to sell to others, even if you never meet them. It includes ideas on...
It's not industry-specific, although it has some examples drawn from our own sector....
We put together the "Tipping Point Sales System" which gives a very simple, easy-to-apply approach to sales negotiations. The book is also packed full of tips including many different closing...
I have known Mike for a great many years. Initially, we met when we both worked for part of Barclays Bank but we ended up working together again when I started consulting, and then via our invoice...
Mike now runs his own sales training company offering sales skills development....
First published on 2nd September 2020 via the Amazon Bookstore....
http://www.fundinvoice.co.uk/blog/sales/post/selling-without-shaking-hands.html - Using Early Payment Discounts To Improve Cash Flow
Recently, we received an enquiry from a prospective customer seeking selective invoice finance. They were having a temporary cash flow problem, but they had two invoices totalling £5K that they...
Selective invoice finance would seem to be the perfect solution, as there would be no obligation for them to discount further invoices, and it would release circa 85% of the invoice values...
However, in this particular situation the debtors were in a cash rich position, whereby they were able to make payment prior to the due date of the invoices. The only issue was incentivising them to...
The key consideration in such situations will be the amount of discount that has to be given in order to achieve early payment by your customers. If you customers demand more than just a few...
Furthermore, all customers may not be in a cash rich position such that they can afford to make an early payment, in return for an early settlement discount. In such cases, an invoice financing...
The size of the early payment discount required can often be an issue. People tend to think in terms of round amounts e.g. 5%, 10% etc. which can make offering discounts a very expensive option when...
Another drawback of offering discounts, rather than using invoice discounting, is that some customers will take these discounts even though they pay late. OK, technically you may have the right to...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/early-payment-discounts-to-solve-cash-flow-problems.html - The Price Of Single Invoice Finance
Comparing prices for single invoice finance is not quite as straightforward as you might expect. I have just been looking at an example of some costings sourced for a prospective customer and there...
It is always worth comparing selective quotes against other forms of invoice finance, see our guide for details....
When comparing selective invoice finance prices, you first notice that there are a range of different pricing approaches in operation:...
The first method of charging is what could be described as a "single fee" or "flat fee" pricing structure. This method only includes a single charge but this can be made against either the value of...
Yet again, the method of charging is not consistent between providers, in a number of cases the period for the charge against funds in use is per 30 days, however, in some cases, it is per 15 days or...
See our related content about Bundled Fees In Invoice Finance....
The second methodology is closer to the traditional method of charging for invoice finance facilities, involving two separate charges, one against the value of the invoices (often referred to as a...
The percentages charged will vary between providers, and for different customers. Again there are several variations on how these work in detail. In some cases the discount fee will be per day, in...
If you have quotes for single invoice finance already and you want to see how they compare to other providers, or if you want to see what various funders would charge your company, we are always...
Research: Summary of our invoice finance pricing research....
Case Study: Factoring One Invoice....
Article: How funders calculate charges....
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/price-of-single-invoice-finance.html - Selective Debtor Finance.
Selective debtor invoice finance (SDIF - also called single debtor finance SDF) is subtly different from selective invoice finance (SIF), and other types of receivables financing....
With SDIF, you choose which debtors you want to receive funding against. You then submit all of your invoices, billed only to those chosen debtors, to the finance company for funding. You do not...
It can also operate the other way around i.e. you can select the debtors that you want to exclude from the facility i.e. they are not funded, and you pay no fees in respect of sales to them....
Most of the funders will allow some degree of exclusion of debtors, but some offer SDIF as a specific service, enabling you to choose as few as one single debtor to be funded....
This is different from "selective invoice finance" where you can choose individual transactions to include within your facility....
SDIF tends to be used by the mainstream providers to allow some flexibility to exclude debtors from the arrangement. This could be due to various reasons including:...
There are a number of funders that will offer this type of accomodation, but are not prepared to offer a fully selective invoice funding arrangement. Fully selective facilities tend to be more...
Article - Selective, The Options Explained....
Case Study - Construction Sector Single Debtor Invoice Finance....
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-debtor-finance.html - Selective Debtor Finance From Scottish Pacific
UPDATE SINCE PUBLICATION: SCOTTISH PACIFIC BUSINESS FINANCE TO EXIT UK MARKET...
I have just had an email from Scottish Pacific Business Finance which was headed “Invoice finance with a difference“. The addition to their product offering is a selective debtor finance...
The way that the product works is that you are able to select debtors against which to receive funding and bad debt protection, if required. You do not have to select more than one customer and you...
The offering also promises no CHAPS fees, and free same day payments. ...
There are now a number of invoice finance companies that will allow both a selective debtor finance option and a selective invoice finance option if required. With the latter approach, you do not...
There have been a lot of new entrants to this segment of the business finance market, in recent years. If you have a requirement for either selective debtor finance or selective invoice finance,...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-debtor-finance-scottish-pacific.html - Selective Invoice Finance Fast
This is an example of just how we can get selective invoice finance fast for a client - we can ensure a fast turnaround for you if you need help quickly....
In this particular case we were contacted by a car repair body shop that was looking for a selective invoice finance facility. They contacted us on a Sunday, we introduced one of our funding...
So we achieved a 3 day turnaround between initial contact and cash being paid to our client - ideal if you need to raise some cash quickly and haven't got time to wait....
The truth is, FundInvoice is our business, we the partners deal with our clients personally. Therefore, prospective clients can call, or email us, at the weekend, bank holidays, whenever and we will...
If you use the quote request forms on our site, again we will automatically get an email. We both have our phones with us 24/7 so you will get a quick response. We both know how aggravating it can be...
In this case it was a Sunday morning when our client needed help. Two days later the client had been sent funds by one of our funding partners....
If you need a quick response please call Sean on: 03330 113622....
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-invoice-finance-fast.html - Selective Invoice Finance For New Starts No Minimums
Selective invoice finance for new starts can be the most flexible option when you first launch your new start businesses. When you launch your new start you are always going to be uncertain that it...
These are two recent examples of new starts that needed invoice financing but didn't want to be locked into having to pay any minimum fees....
Although the new IT hardware supply business was expected to turnover c. £500K + VAT in its first year, they didn't want the pressure of having to meet a monthly or annual minimum fee,...
Therefore, we found them a selective facility without any minimums to worry about. If they grow they can always reconsider their options at some point in the future....
This business worked within the care home sector, primarily supplying temporary care staff via RPO organisations. These can come with their own funding issues, as I have covered in previous posts...
The solution was similar once again. We introduced them to a selective invoice finance company that will allow them to pick and choose which invoices they receive funding against. There are no...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-invoice-finance-for-new-starts-no-minimums.html - Selective Invoice Finance Price
This is an example of a selective invoice finance price that we found for a customer recently....
With this particular client, they already had a recourse factoring facility, but they wanted to take over handling the collections (credit control) themselves. Some companies prefer to handle the...
They also only had a very small borrowing requirement, so even a cheap quote for full book invoice discounting was going to work out as an expensive option, despite being a significant cost saving on...
So one solution was to look for a selective invoice finance quote (also called spot invoice finance), to see what it would cost to be able to get funding against small batches of invoices, as and...
Based on their turnover of over a million per annum, and a reasonable spread of debtors, the selective invoice finance price was 1.2% of the amount borrowed, for each month, until it is repaid. This...
So if we work out an example of the price, it would be as follows....
If they drew down £10,000 for a period of say 20 days, the discount charge would be £78.90*....
This is how discount charge is calculated:...
If they were to use the funding throughout the year, when comparing prices of whole turnover with selective, the later would work out a very costly option. However, because their funding requirements...
It is an ideally flexible model for a company that has occasional peak cash flow requirements, rather than an ongoing need for continuous funding....
*Note: Fees may be subject to VAT and exact methods of calculation may vary between providers....
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-invoice-finance-price.html - Selective Invoice Funding Is Still Available
Previously I reported that the selective invoice finance (SIF) industry has mostly moved away from the invoice auction model, towards a model whereby pricing is determined according to a pricing...
There still remain a number of SIF providers that offer flexible funding against individual invoices, or batches of invoices. Some sectors, such as car crash repairers, have their invoices funded...
For many businesses it can be more cost effective to consider the whole ledger funding approach. This is where funding is maximised by the funder taking on your whole sales ledger, rather than just...
Both SIF and whole ledger options are available to new startup businesses. Not all funders will take on new companies, so you will need to select a provider that is prepared to assist new businesses...
Whilst many assume that SIF will be cheaper, that is not always the case. We had an example of a business with invoice outstanding to local authority debtors. It worked out cheaper for them to fund...
In the following video I explain the current situation with invoice auctions, and the selective options that can be attractive to some businesses:...
If you would like help understanding the options that are available to you, please call Sean on 03330 113622 and he will explain what's available, and find you the quotes you need on a selective...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/selective-invoice-funding-auctions.html - Short Term Invoice Finance
Surprisingly, many companies are not aware that you can use invoice finance on a short-term basis. There are facilities available that are of an ongoing nature, for long-term use, but there are also...
Invoice finance works by releasing a proportion of the value, of your credit sales invoices, immediately after you raise them Therefore, you don’t have to wait for your suppliers to pay before...
This could be particularly helpful if you have a short-term cash flow issue. It may be that you are a seasonal business, and you have a period of the year when your cash flow gets very tight. During...
Alternatively, you may be taking on a single large order, and need financial help in order to finance the fulfilment of that order....
It may be that you just have a one-off large creditor position that you need to settle quickly. This could be a VAT payment that needs to be made or a payment to a trade creditor who has put your...
You could be a new startup business that doesn't want to have any kind of ongoing commitment to a funding service but could use the additional working capital generated by an ad-hoc funding...
Once your cash flow requirement subsides, you could then stop using the service without any obligation to use it ever again. In addition, you would not incur any further fees if you chose not to...
If you would like more details about the availability of finance for your company, and a free, no obligation, quote search to find out the costs, please get in touch with Sean on 03330 113622 to...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/short-term-invoice-finance.html - Single Invoice Finance For A Fashion Designer
Glamorous is not how you might typically describe the world of invoice finance, but sometimes we can become involved with funding far more glamorous sectors, such as the case below, in the fashion...
This was a case where we were able to assist a small fashion designer who was looking for funding against a single invoice initially. I have written recently about how late payments are affecting...
The deal was complicated by the fact that the prime mover was in fact a foreign national living in the UK. This means that some of the well-known UK funders are unlikely to want to finance such a...
We were able to introduce this fashion design company to a selective invoice finance provider, that can offer them single invoice funding. By its very nature, it often involves a single debtor...
This client opted for one of many types of invoice funding that are explained in our free guide....
The selective nature of the facility means that they are not locked into providing all their invoices for funding, and they can choose to use the facility whenever their cash flow requires an extra...
See also this related Case Study About Factoring A Single Invoice....
In addition, they have a factoring style arrangement so that they will also receive a credit control service for their funded invoices. This means that they won't have to do the credit control...
The flexibility with this type of arrangement is that the client can use the facility as and when they choose, without being locked into any minimum turnover levels. As the business grows, they may...
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/single-invoice-finance-for-a-fashion-designer.html - The Pros And Cons Of Selective Invoice Finance
Selective invoice finance (SIF) has a number of pros and cons when compared with a whole turnover (WT) facility....
It should be noted that there are many similarities between both SIF and WT, for example, both types of facility deliver cash flow improvements, both have credit control, bad debt protection and...
This is an explanation of the key differences....
http://www.fundinvoice.co.uk/blog/selective-invoice-finance/post/the-pros-and-cons-of-selective-invoice-finance.html - Invoice Finance Recruitment Agencies
Invoice finance recruitment agencies can use to unlock their cash flow and free up money to meet their payroll costs. It is often referred to as Payroll Finance for recruiters....
This article explains how it works, the benefits and the drawbacks for recruitment companies in the UK....
CHECK PRICES NOW...
As a recruitment agency in the UK, you understand that paying your staff and maintaining a steady cash flow can sometimes be a challenging juggling act. Enter invoice finance – a financial...
For many recruitment agencies, invoice finance can be a game-changer. Here's why:...
1) Immediate Cash Flow: One of the most significant advantages of invoice finance is the ability to access funds quickly. When you invoice your clients, you don't have to wait weeks or even...
2) Steady Working Capital: Recruitment agencies often face irregular cash flows due to the nature of their business. Invoice finance provides a steady stream of working capital, ensuring you can pay...
3) Focus on Growth: With improved cash flow, you can focus on expanding your business rather than worrying about cash shortages. Whether it's investing in marketing, technology, or hiring more...
4) Credit Control Assistance: Many invoice finance providers offer credit control services, helping you chase overdue payments and reducing bad debt risks. This can remove the administrative burden...
5) Payroll Management: Invoice financing facilities designed for recruiters often include payroll management. As recruiters tend to have large numbers of staff on their payroll, outsourcing the...
For more information about the benefits and drawbacks please see this article about the Pros and Cons Of Invoice Finance....
Qualifying for invoice financing typically involves meeting certain criteria:...
Invoice finance is a versatile solution used by various businesses across industries. In the recruitment sector, the following entities can benefit:...
In addition to this sector, a wide range of other industry sectors use this type of receivables financing....
While invoice finance offers many benefits, it's essential to consider some of the alternatives:...
For a comprehensive list of ways to finance a UK business please see our article: Ways To Finance A Business....
While invoice finance offers many advantages, there are a few risks to consider:...
No, invoice financing is not a loan. It's a way to access the money tied up in your unpaid invoices. With a commercial loan, you receive a lump sum of money and repay it over time with interest....
Yes, many banks offer invoice financing services. However, it's essential to compare their offerings with specialised independent invoice finance providers. Banks may have stricter eligibility...
The invoice finance fee includes several components:...
In summary, invoice finance is a valuable tool for UK recruitment agencies looking to manage cash flow effectively and focus on growth. By understanding the qualifications, benefits, and potential...
Be sure to carefully review the terms and fees associated with any invoice finance agreement to ensure it aligns with your business objectives....
http://www.fundinvoice.co.uk/blog/staff-agency/post/invoice-finance-recruitment-agencies.html - Payroll Finance For Recruitment Companies
Are you a UK-based recruitment company looking to optimise your cash flow and streamline your back-office operations?...
Payroll finance services are tailored specifically for the recruitment sector, providing you with the financial flexibility and administrative support you need to thrive. Say goodbye to waiting for...
Request a payroll finance quote search without any obligation to proceed and with no upfront credit search:...
REQUEST A QUOTE SEARCH...
If you operate within the staff agency sector, there are some compelling reasons to use our search service for payroll financing:...
Don't just take our word for it. Hear from recruitment companies that have already benefited from our payroll finance services:...
Customer Testimonials: Discover what our clients say about our services and how we've helped them increase cash flow and streamline their operations. Check out our customer testimonials page....
Case Study: Read how this recruiter leveraged payroll finance through FundInvoice to drive business growth and manage staff wages. Read the case study here....
Ready to optimise your cash flow and simplify your recruitment business operations? Use our simple form to request a quote search tailored to your needs. Our team of experts will promptly search the...
Industry Recognition: We are proud recipients of multiple awards for our exceptional service and commitment to client satisfaction....
Nationwide Coverage: Our search service for payroll finance is available to recruitment companies across the UK, regardless of your geographical location....
Unparalleled Expertise: With access to the entire UK market and in-depth industry knowledge, we can help narrow down the choices and find the perfect provider for your unique requirements. We have...
Don't let cash flow constraints hold you back. Experience the benefits of payroll finance tailored for recruitment companies. Get in touch with us today to discuss your needs and take the first...
For more detailed information about the benefits of these services read about how these finance services work....
Alternatively, watch the following short video explanation of payroll financing:...
http://www.fundinvoice.co.uk/blog/staff-agency/post/payroll-finance-for-recruitment-companies.html - 30 Seconds On Startup Funding For New Companies
This is my latest explainer video in the series "30 Seconds On Finance"....
It explains how you can raise finance for a new start-up company, even if you have already been declined by a bank for a bank loan or an overdraft....
With a new start-up company, often they have no assets and no trading history. Hence banks are sometimes not keen to support them with traditional forms of finance, such as loans and overdrafts. Even...
Invoice financing for startups works in a different way. The finance is based on your outstanding debtors or sales ledger, rather than the strength of your company. Therefore, there is not the same...
REQUEST A FREE QUOTE WITH NO OBLIGATION...
The even better news is that as your sales grow, so does the level of finance provided. It grows in line with your company turnover, so you have a ready stream of working capital....
The qualification criteria are not what you might expect. Providing you are raising sales invoices on credit terms, to other businesses, it is likely that you will be eligible for some form of...
The funding works by releasing 85% to 100% of your invoice values immediately after you raise your invoices. You get cash upfront without having to wait for customers to pay. This means that if you...
The remaining balance of the invoices has passed to you once your customers pay, less the charge for using the service. We have many funders on our panel keen to support new start-up companies in the...
http://www.fundinvoice.co.uk/blog/startups/post/30-seconds-on-startup-funding-for-a-new-company.html - Business Loans For New Start Up Companies
There is an appetite for lending to startup companies, whether or not the Directors are homeowners. Not all lenders deal with start-up loans but there are some that do and there are also plenty of...
This may be good news if you are considering starting a company and need some capital from a startup loan to get you up and running....
GET START UP LOAN QUOTES...
A business loan is a simple form of financing whereby a capital sum is advanced and repaid over a fixed term in regular instalments with interest. The lender includes a premium on the interest rate...
Business loans can be provided to new start-up companies. It is not the case that all lenders will provide commercial loans to startups. Some require that all businesses that they lend to have been...
It is also the case that some of the banks do not wish to provide loans to new start-up companies, so you may have already been rejected for finance or you may be struggling to find lenders that can...
However, there are some lenders that offer start up loans and are prepared to finance new businesses. We can connect you with providers that can help of even offer alternative funding solutions....
These are the steps to apply for a start up loan:...
The benefits of financing a new business with a loan include:...
The drawbacks of business loans for new start ventures include:...
There are other alternative sources of business finance available to new companies, besides a traditional business loan. For example, startup receivables financing, whereby funding is provided...
See this related article about: Invoice financing for new start-ups....
In addition to providing the funding, there are a number of other outsourced services that may be beneficial to a newly formed business. These include running your credit control for you, operating...
Watch our video: Will Banks Lend To Startups?...
If you are considering starting a new company we would be happy to discuss your funding requirements with you and put you in touch with lenders that are happy to assist start-ups....
Call us on 03330 113622 to discuss the funding your new company needs and to find out if you could be eligible for a startup loan....
http://www.fundinvoice.co.uk/blog/startups/post/business-loans-for-new-start-up-companies.html - Producing A Business Plan For Your Startup
Writing a business plan is critical to launching a startup business. It allows you to clearly set out your business idea, set goals and measure progress against those goals....
You might be interested in the top 3 pieces of advice for new startups that we heard from fellow entrepreneurs....
A business plan is a written document that sets out the objectives and strategy for your business venture, covering areas such as strategy, sales and marketing, financials and operational...
Typically, it will look forward across the next 1 to 3 years, sometimes 5 years. Often the first year may have more detailed financials with higher level figures for future years....
It is best kept concise, with any detailed information, such as in-depth financials, CVs and product information in an appendix at the back. Number the pages and bind them within a cover to make it...
The plan can be used for different purposes, so different versions of the same plan may be prepared and tailored for different audiences. For example, you and your management team may want the plan...
If you are raising finance, you may also need a version of the plan to present to investors and banks, in order to secure startup funding. If you are, for example, trying to present a plan to...
The plan should cover the following areas....
The most important part of the business plan structure is the "Executive Summary". This should be at the front. The executive summary should summarise the key aspects of your plan in a very concise...
This section is where you give the background to your business and the ownership structure. It should set out your business idea and the products and services that you intend to offer....
Here you should detail, and size, the market that you are chasing and the particular market segments that you are going to target. Identify who your key competitors are and how their offerings...
Detail your sales and marketing approach. This should identify the USPs (unique selling points) of your offering and your pricing policy. Focus on why customers would choose your offering over your...
NEED MARKETING HELP? - GET IN TOUCH...
Keeping the 4 P's in mind is always a good tip - these are often referred to as the marketing mix. They are:...
How is your sales function going to be structured? Will you have a dedicated sales force, or will you be using a third-party network or even an online signup process?...
Set out the key management roles within your business, and the staff required. You should include your recruitment plan to attract any workforce that is required....
Detail any premises that you require, how production will be structured and the management information that will ensure the smooth running of your operations....
These are really key, especially if you intend to present your plan to investors or banks. Your financials should focus on a 3 to 5-year timeline and they should detail:...
GET HELP RAISING STARTUP FINANCE...
Your financials section should include:...
Related article - The Difference Between Cash Flow And Profits....
It is a good idea to model various variations on your core projections. For example, you might model:...
Detailed figures may be added to the appendix....
The summary is more detailed than the executive summary but gives the opportunity to pull together and summarise your plan in greater detail....
As mentioned above, this is where you can include any detailed information that underpins your plan. For example, you might have detailed financials or lists of assumptions that your projections are...
You might also want to see our guide to producing a Business Continuity Plan and disaster recovery. Although you might not include this in your business plan, it is important to have a BCP in place...
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/business-planning-startup-plan.html - Business Startup Guide To Funding
A critical aspect of starting a new business is ensuring that you have sufficient money to trade. This could be to cover the initial startup costs e.g. purchasing equipment, and to cover ongoing...
DISCUSS YOUR FUNDING NEEDS...
A cash flow forecast is an essential part of the business plan for any new start-up company, it may be produced by your accountant with your input, or you may be able to produce it yourself. That...
If your business is going to be "self-funding" (income received will allow it to meet its liabilities) that is the ideal situation, but one that rarely occurs - most businesses either need cash to...
Our list of sources of business funding sets out all the possible options to fund a business, however many of those will not be available to new start businesses, especially where there are no other...
See our related article: Business Start-Up Loans...
For more information about working capital, how it works and how to raise more - see our Guide To Working Capital For Businesses....
Aside from equity investors (where you have to give up some ownership and control), and using your own money, or that of friends and family, receivables finance is one of the few options that can be...
There are also a number of financial benefits from using startup factoring (this is receivables finance with a credit control service included in the price). One of the issues for new companies is...
If you have other assets available e.g., property, this does open up a few more options. There are lenders that will accept new startups providing there is some form of tangible security in the...
Learn more about the invoice financing options for startups....
Micro company invoice finance options....
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/business-startup-guide-to-funding.html - Funding A Confectionery Manufacturer With Orders From A Supermarket
Another quirky example of a small startup customer that contacted us for funding help, where other invoice finance companies had been unable to help - due to the small size of the company....
They were a small confectionery manufacturer that has traded as agents for a few years, but are developing their business by moving to supply as principals to supermarket chains....
GET A FUNDING QUOTE...
They had secured their first order from a well-known supermarket chain, and they wanted funding against that sale....
Manufacturers typically turn to funding sources, such as receivables finance, as it releases cash from their unpaid invoices to their end buyers. They can then use that cash to cover the cost of...
Manufacturing companies are the second largest segment of invoice finance users (behind the services sector), accounting for almost 26% of the clients of the members of UK Finance, that provide such...
Despite the client having been too small for several of the well-known invoice finance companies, we found them an independent invoice finance company that specialises in helping small businesses....
These special concessions for this small company included a 100% debtor concentration for the first few months. Meaning that they would receive the full prepayment against their customer, without a...
It is early days for this business, but this chain of events demonstrates how we can find alternative funders even when large, well-known invoice finance companies have been unable to help....
See our free Business Startup Guide....
http://www.fundinvoice.co.uk/blog/startups/post/confectionery-manufacture-supermarket-orders.html - Early Stage Funding For UK Startups Drops
Early stage funding for UK startups dropped by 15% in 2018, according to data published in Yahoo Finance by Beauhurst, a consultancy that track equity funding. Overall equity funding in the UK...
APPLY FOR STARTUP FINANCE...
There are pros and cons to equity finance, as explained in our list of the methods of funding a company. The biggest drawback is that you often have to give up some ownership, and control of your...
If you are considering using your own money, there are a number of reasons not to use your own funds to finance your startup....
If you have not been able to raise funds through equity finance, there may be alternatives available. If you have a few months trading under your belt, or additional security (such as property) to...
If you have started trading, and have outstanding invoices on credit terms, an invoice finance facility may be possible. This releases an agreed percentage of each invoice (often 85%) up front,...
If you operate in retail or construction they have specialist forms of funding. Retailers that receive credit card sales income can borrow an agreed amount against that credit card income stream. The...
http://www.fundinvoice.co.uk/blog/startups/post/early-stage-funding-for-uk-startups.html - Factoring For A New Start Haulage Company
This is an interesting case that demonstrates just how flexible some UK factoring companies can be. We have just arranged a recourse factoring facility for a new startup haulage company handling...
SEE THE PRICE OF FACTORING...
Several of the aspects of this logistics deal would be a problem for some factoring companies, but we were able to find them a funder that was able to accept all of them, not to mention the minimum...
We managed to overcome all of these issues and found a factoring company that was pleased to welcome this new client on board with a recourse factoring facility. They will receive both prepayments...
http://www.fundinvoice.co.uk/blog/startups/post/factoring-new-start-haulage-company.html - Free Business Startup Guide
This is a free business startup guide that gives general guidance about starting your own business. It's not comprehensive, and professional advice should always be sought from an accountant...
We have also published a comprehensive ebook "The Startup Wizard - How To Start A Business" which you can download for free....
This guide takes you through a number of areas that you need to think about if you are starting your own business. It is based on our own experience of launching our own venture....
GET BUSINESS FUNDING HELP...
You have to have a great business idea. Lots of sites will give you advice about solving problems and this is always a good place to start. You have to have an idea that you really think is going to...
Unique Selling Points (or USPs) are frequently mentioned, and that is what differentiates you from everyone else - what makes you different. It could be that you have:...
If you launch a "me too" business, for instance, another recruitment agency operating in the same arena as everyone else, you may do OK, you may make a living, or you may find that your existing...
A wise suggestion is to have something unique about your business - this should be an acid test of any idea that you come up with. Ask yourself, what's different about it?...
Using FundInvoice as an example, in our case, we are invoice finance brokers and there are plenty of others operating within the same niche. Our uniqueness comes from having a research function to...
Our second strength is that we are pretty good at marketing. One of our partners has a background in financial services marketing so that gives us an edge in getting our service in front of...
There is a lot more advice about how entrepreneurs come up with great business ideas in my presentation to a group of local students....
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/free-business-startup-guide.html - Free ebook The Startup Wizard How To Start A Business
Receive a free, complimentary copy of our ebook "The Startup Wizard - How To Start A Business" written by Glenn Blackman....
All you need to do is use the form below to subscribe to our monthly updates and the link to download the e-book will be emailed to you....
There are NO shipping fees or hidden charges, it's completely FREE. You can unsubscribe at any time. Please complete the following details and press "Subscribe"....
Please select all the ways you would like to hear from FundInvoice LLP:...
You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website....
We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's...
NOTE: When you subscribe we will send you a confirmation email, you MUST click on the link in that email to activate your subscription, and receive your free ebook....
The book is in a PDF format so you can read it on your phone, tablet, or computer. We would be grateful if you would put a review on The Startup Wizard's Facebook page, once you have read it....
This 119-page e-book sets out everything you need to know to start a business, and it has lots of useful advice for those that are already up and running....
The Startup Wizard free e-book covers the following topics:...
Use the form above to subscribe to our monthly magazine, FundingVoice, and we will email you the link to download your free copy of the start-up e-book "The Startup Wizard - How To Start A Business"....
http://www.fundinvoice.co.uk/blog/startups/post/free-ebook-the-startup-wizard-how-to-start-a-business.html - Further Help For Startup Businesses
As a conclusion to our free business startup guide, below are some useful resources and sources of further information, help and support for new startup businesses:...
FundInvoice can help you find a range of different business finance services from business loans, to receivables financing, export finance and trade (or import) finance....
Please call Sean on 03330 113622....
You can also email us at: [email protected]...
See the Government website for further help for new startups and for help writing a business plan....
Our colleagues at Tecwork can help you with any IT systems requirements (e.g. computers, Macs, PCs, servers etc.), from 2 users upwards, if you are based in Sussex, Kent or London....
Contact Tecwork....
Getting the right accountancy support can be essential. It can help you structure your business correctly and avoid costly mistakes further down the line. A good firm of accountants is likely to be...
In Association is a full-service marketing agency that can help with everything from branding and design to marketing planning, advertising and PR....
Contact In Association for a free initial consultation....
Again, for help with telecoms-related issues e.g. phones, phone systems and business mobiles, contact Tecwork who will assist you if you are based in Sussex, Kent or London....
Contact Tecwork....
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/further-help-for-startup-businesses.html - How To Set Up Your Business Startup
The first thing to say is that you will likely need the help of an accountant, and perhaps a solicitor to help with setting up your business. This article gives some general information based on our...
As I mentioned in the first part of this business startup guide, the key to a successful venture is having a product or service that is in sufficient demand, and can be supplied in a way that...
Who will be involved in your venture? Is it just you or will there be other people that take an executive role? ("executive" means with an involvement in running the business). You may have others...
Who is going to control the business? If one person is going to be the controlling party, the structure of the business, and shareholdings if it is a limited company, will need to reflect that. It is...
This is an aspect to discuss with your accountant as there are tax implications for how you structure your business e.g. a limited company, a limited liability partnership, a sole trader or a...
The simplest structure is a sole trader i.e. John Smith trading as ABC. However, with that kind of business structure the personal assets of the sole trader are not protected from the debts that the...
Another aspect of the setup is deciding on the business name. There are various rules around which names you can use, and if you go for a Limited Company structure, only one company can be registered...
When choosing a name, you can search at Companies House to ensure that it hasn't already been used, but you might also want to check that the related domain name is available for your website....
As mentioned at the beginning, having an accountant is essential and in many cases, a solicitor may also be needed, for example, to draft legal agreements or terms and conditions, not to mention any...
This will be essential for any business. You will need a bank account to receive and make payments....
In addition to finding an accountant, you will need to decide how you will operate your bookkeeping and accounting. Will you outsource all that activity, which will result in a cost? Or will you...
It is good advice to involve your accountant in helping you set up an electronic accounting system such as Sage (although there are many more). It may well be that you can handle the input yourself...
Do you need to register for VAT (Value Added Tax)? In some trades, you have to charge VAT on sales if your turnover exceeds a certain threshold. Your accountant will be able to advise you about this,...
This is key to any business. Having the right funding in place....
In many cases, a business will not be cash-positive immediately, and there will be set-up costs and ongoing operational costs to meet before revenue starts to come in. Funding may be required to...
DISCUSS BUSINESS FUNDING WITH AN EXPERT...
These have been covered previously in the sections: Producing a Business Plan and Marketing....
Do you need staff in order to operate your business? If so you will need to recruit either directly, or via a recruitment agency (that will normally charge a fee for successfully filling a role for...
We have gone for the minimal number of staff to keep costs down and also avoid all the obligations associated with having people work for you. However, this will not work for every business, as many...
Are you able to work from home? Even if just initially to get your business up and running with minimal costs. Or do you need to find a premises? If so there will be costs associated with it and this...
Is there any equipment that you need to function? In our case, it is very simple, laptops and printers. We even use an IP telephone system to reduce costs and avoid the need for expensive phone...
If you need help with IT Systems support or Telecoms support and are based in Sussex, Kent or London contact Tecwork for help to get you set up, even if you are just 2 people....
The web is such a core part of any business these days that it deserves a mention. Finding a good web designer is essential, as is keeping an eye on what will rank well in the search engines, rather...
You are also likely to want a logo designed for your business, and perhaps some guidelines as to which type fonts to use, colour schemes etc. Printed collateral would be things such as brochures,...
REQUEST CONTACT FROM A MARKETING & DESIGN AGENCY...
Lastly to mention meeting any licencing or regulatory requirements that you may be subject to. A discussion with an accountant or solicitor may help with this, however the following in a...
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/how-to-set-up-your-business-startup.html - Interest Only Loans For Start-Ups
Finding finance for new start-up company can be difficult, but there are funders within the market that can help....
We have just received notification from Nucleus Commercial Finance, one of our funding panel, that they have launched “Start-Up Finance”, a specialist interest only loan product for new...
The new company can borrow between £25,000 and £20 million, secured against property....
The terms of the loan give the company the ability to secure the funds at interest only, for up to 5 years. This means that no capital repayments are made within that period....
The ability to make only interest payments, and not capital repayments is completely different to a standard business loan. Normally, the monthly repayment will consist of both components, interest...
An interest only period could be a huge benefit to a new business venture as it significantly reduces the size of the repayments that the company has to make. This translates into additional working...
At the end of the term, the customer has the option to exit and refinance, or to migrate to a normal term loan with Nucleus....
In addition to this option, there are other providers on our panel that will provide alternative sources of funding for new companies....
We have had a number of recent enquiries for both business loans, and invoice finance, from start-ups. Invoice financing is another widely available option for newlyformed companies. It can be...
If you are seeking to raise funding for a new venture, please call Sean on 03330 113622 to discuss the options that are available....
http://www.fundinvoice.co.uk/blog/startups/post/interest-only-loans-start-ups.html - Invoice Financing Options for Startups Without Any Financial History
Invoice financing options for startups without any financial history are harder to find than for an established business, but still, options are available....
If you don't have any financial history or experience running a business that doesn't have to stop you from getting finance for a company....
COMPARE QUOTES NOW...
Traditional loans require an extensive financial history and creditworthiness, which many startups lack. Invoice financing relies on the creditworthiness of the startup’s customers rather than...
One of the great advantages of invoice financing is that it doesn't always require a trading history - many entrepreneurs get a facility in place before they start trading. Some services such as...
This works such that the client receives two significant benefits:...
In addition, bad debt protection can be added to prevent you from taking a bad debt if a customer fails. There are also sector-specific services such as payroll management that can be helpful to...
One of the most significant advantages of invoice financing is the immediate improvement in cash flow. Startups often face cash flow challenges due to delayed customer payments - even if they are...
This type of funding grows with your business. As your sales and invoices increase, the amount of financing you can access also increases. This scalability makes invoice financing a flexible solution...
Even if you have a poor personal credit history, this type of funding is still likely to be available. This is because it focuses on the strength of your debts rather than the financial strength of...
http://www.fundinvoice.co.uk/blog/startups/post/invoice-financing-options-for-startups-without-any-financial-history.html - Learn How To Finance A New Company.
When you are starting a new company, raising finance to get your venture off of the ground is very important. If you need to learn how to raise that startup finance our free online startup guide will...
Within our Startups Guide, we have a section dedicated to "Business Startups Guide To Funding". This identifies the wide variety of different methods of funding a new startup. However, the guide is...
SPEAK TO A FUNDING EXPERT...
I recently participated in the BCR Publishing - Alternative & Receivables Financing Forum, as one of the panelists. One of the issues that came out of the forum was just how complicated UK...
The good news is that there is a simple way of raising finance that is open to new startup companies, without a trading history....
One of the forms of finance that is freely available to new startup companies is invoice finance (also called factoring and invoice discounting). This uses your outstanding invoices to overcome the...
I have also put together specific guidance for the recruitment sector, on how you can fund a recruitment startup....
http://www.fundinvoice.co.uk/blog/startups/post/learn-how-to-finance-a-new-company.html - Marketing A New Startup Business
The production of a marketing plan is at the core of any new startup business, it is likely to be a standalone sub-plan within your overall business plan....
How you are going to promote and market your products, or services, will determine the volume of sales that you achieve, and most likely the financial success of your business. You don’t have...
FREE CONSULTATION WITH A MARKETING AGENCY...
Alternatively, you could use The Growth Marketing Playbook. This will give you everything that you need to set up your own marketing campaigns, without spending money on advertising and promotion.The...
The first step is to “define your market”, if you don’t know who you are trying to sell to, you cannot target your marketing communications to those target customers efficiently....
Once you have identified the segment or segments that you intend to target, the next task is to size the market. The purpose of this is to ensure that there will be sufficient target customers for...
For example, if you decide to target say "invoice finance companies", there are only just under 100 in the UK. Therefore, if your business plan requires at least 200 customers, the market sizing...
Define exactly what you are going to be delivering to your customers. The value proposition is not just your product, it is everything that you deliver to the customer surrounding your product or...
The next step is to look at who is already offering the same or similar products and services, and how their product propositions compare with your own. Who are your main competitors, and what are...
Set out how you are going to approach your marketing, your strategy and your activities. Many business plans will include a detailed plan of the marketing activities on a timeline. Costings also need...
You should also define the markers that you will use to track the success of your campaigns. For example, the number of leads or enquiries generated (this gives rise to the issue of identifying and...
One key point to mention is the need for a very clear "call to action" in the case of any marketing campaign. This means having a very clear message to the customer as to what they should do next...
These are a few marketing methods (it's not a comprehensive list of marketing methods) that you could consider the merits of using. With the advent of GDPR (new regulations about data...
SUBSCRIBE TO RECEIVE: FREE MARKETING IDEAS NEWSLETTER...
Use of advertising is likely to form part of most marketing plans. In our own case, we buck the trend and really don't use any paid advertising whatsoever, however, this approach is rare. There...
This activity can encompass a broad range of advertising media. From broad general awareness advertising to highly targeted adverts in niche publications. It could include both adverts in printed...
Newsletters are a great way to stay in touch with existing and prospective customers. Our article "Marketing Ideas To Grow Your Business" explains newsletters and social media in more depth. A...
Social media refers to the numerous websites such as Twitter, Facebook, Instagram, Google+, Pinterest and LinkedIn that allow you to share your content publically, and to build and interact with, a...
Whilst many will argue that direct mail has had its day due to overload, there are still many companies that successfully use this avenue. An alternative is email marketing but again, the rise of...
Again, calling prospective customers has reached a point where many end users opt out of receiving such calls, and telemarketers often get a very abrupt response when they cold call. However, once...
There are plenty of networking groups that new entrepreneurs can join, to build their business contacts. Also, if you have existing contacts from your previous roles, don't be afraid to leverage...
Building a network of third parties that will introduce business to you is a great way of promoting your business. This is very common in our sector where many providers rely on third parties such as...
Your business website is the new equivalent of a company brochure and shop front rolled into one. You can promote your site via your own hard work e.g. writing content, promoting it and seeking links...
The production of "viral" content is the holy grail of many internet marketers. The concept is to create something that will be spread and shared from user to user, via channels such as social media,...
One of the best ways of promoting a business is by recommendations from existing customers. You may be able to mine your existing customers to try and encourage their contacts and customers to use...
PR refers to the promotion of your business via press releases and hence free inclusion in other publications, without paying for an advert. This can be useful if you have interesting breaking news...
There are many niche exhibitions across the UK. You can identify those that are likely to attract your target customers and you can exhibit at those exhibitions. This can be quite a costly method for...
These are the best methods, clever (often inexpensive) ways that you come up with to promote your product. For example, you might offer a prize competition in order to attract interest or you might...
See our free, comprehensive guide to marketing a company....
We have also put together a list of growth strategies for businesses, and a free guide to business growth, that you might want to consider....
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/marketing-a-startup-business.html - New Start Recruitment Funding RPO Debtors
We have mentioned many times before how we have been able to help recruitment companies that need funding against RPO debtors....
The issue with securing invoice finance against our PO debtors, is often that the finance companies can struggle to get the required credit limits, to facilitate the funding. This makes it a...
To demonstrate how we can help, this is an example of a business that we were able to assist recently. They were a new start company, in the recruitment sector, dealing with RPO debtors....
They were expecting to turn over £200,000 plus VAT in their first year, and the prime mover was not a homeowner. Once again, the requirement for home ownership has become a recent feature with...
We were able to find invoice finance companies that were prepared to accept the fact that this was a new starter proven company, dealing with RPO debtors and without the added security of property...
http://www.fundinvoice.co.uk/blog/startups/post/new-start-recruitment-with-rpo-debtors.html - New Startup Business Checklist
The following business startup checklist is a high-level list of the issues and items you must consider when starting a new business.It is not in any order of importance and some of the items on the...
However, it should give anyone starting a new business some general guidance as to the issues that they should have considered and addressed where they are relevant....
Consider the following items:...
Please note that this checklist is guidance only and is not necessarily comprehensive for your business. You should take advice from an accountant and/or solicitor...
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/new-startup-business-checklist.html - Validating Your New Business Idea
In the last post in this series the Free Business Startup Guide, I covered developing a unique business idea. This post concerns validating that business idea. This means how to check that it is...
This is one small step in setting up your own business, but it is critical to its future success, hence it has this post dedicated to it....
GET SUPPORT WITH STARTUP FUNDING...
The objective is to test that there is market demand for your idea and that you can offer it at a price that will be acceptable to both the customers and your business plan requirements. For example,...
You may also have ethical dilemmas around the nature of your idea. See our article about "Symbiotic Versus Parasitic Business Models"....
We can all become attached to the ideas that we come up with. However, you need to try and take an objective approach in order to properly validate your idea. Otherwise, you risk your personal bias...
If you were to just follow your own opinion about what customers want, that could lead to huge problems if your views are not representative. You could ask friends and family what they think, but...
The most sensible first step is to identify who you believe your customers are going to be and to use a representative sample of them to sound out your idea. The more defined you can be in...
Using our invoice finance brokerage as an example once again, we could say that our target audience is UK companies. This is true and this makes customers easy to identify. However, only 1% of UK...
The strongest form of validation is if you have prospective customers already placing orders for your services or products. If that is the case, you might feel that demand is present and that further...
These are some other methods of validation:...
Once you have conducted your validation, you will have a risky decision to make. Is there sufficient demand for your product, at your proposed price point, to justify launching your business? Whilst...
Navigate to any of the other sections of this free business startup guide:...
http://www.fundinvoice.co.uk/blog/startups/post/validating-your-business-idea-startup.html - Video Answers Will Banks Lend Money To Startups
This video answers, "Will banks lend money to new startups?":...
This YouTube short addresses an issue raised on the BBC's show The Apprentice. The show commented that banks will not lend money to startups. This video addresses the question "Will banks lend...
GET A QUOTE NOW...
There are options available if you are starting a new business or have no business track record....
To find financing for a new startup business see our related article: How To Fund A Startup....
http://www.fundinvoice.co.uk/blog/startups/post/video-will-banks-lend-money-to-startups.html - Which Factoring Companies Will Fund Startups
There is plenty of miscommunication going on around the industry. We were recently contacted by a newly formed startup company that had spoken to a few factoring companies and had been told that they...
This may be the case for some factoring companies, but there are others that will happily accept new startup companies that have no trading history at all. Is is a case of knowing who to speak to....
GET AN INVOICE FINANCE QUOTE...
This prospect had not traded at all, but they were planning to deal with some good quality debtors, transacting a significant amount of turnover each month in the office equipment and consumables...
Despite it being a new start venture, we immediately were able to introduce them to several well-known, substantial invoice funding companies that are happy to accept new start companies. It would be...
Our key skill at FundInvoice is keeping abreast of who will offer what within the sector so that we can use that knowledge to match customers with funding partners from our large panel of financiers....
It is frustrating for new ventures to be given such limited information, that is why we put together our free Guide For Startups, which includes help with raising finance. Rest assured, even if you...
If you are in the early stages of launching a new company, please call us on 03330 113622, we are always available to have a conversation on the phone, without any charge and without any obligation...
http://www.fundinvoice.co.uk/blog/startups/post/which-factoring-companies-will-fund-startups.html - Who Provides Invoice Finance To Small Startup Companies
At the Alternative & Receivables Finance Forum, in London last week, I had the opportunity to sit in the audience prior to the panel that I was speaking on. The other panel was about "Innovative...
The discussion started with a presentation from BVA BDRC about their SME Finance Monitor, which showed some movement towards SMEs looking to borrow, but a general uncertainty and caution. This led to...
Then the discussion turned to tech platform lending. In some cases, the panel thought that lenders were on a steep learning curve about credit risk, and so they expected further surprises and...
One speaker made the interesting point that in the UK the majority of SMEs actually make up the "S" in "SME" i.e. they are small businesses. This can include new startups, and the point was made that...
Watch our video: Will Banks Lend Money To Startups?...
See our blog post: Small Business Finance Options...
Sean (my business partner) and I had managed to jot down a list of half a dozen invoice finance companies, within a couple of minutes, that are able to help small new start companies, with no minimum...
If you need help please call Sean on 03330 113622 and he will introduce you to invoice finance companies that can help small startup companies....
http://www.fundinvoice.co.uk/blog/startups/post/who-provides-invoice-finance-to-small-startup-companies.html - How To Use Receivables Financing To Finance The Purchase Of Large Amounts Of Stock Or Raw Materials
For businesses that rely on purchasing large quantities of stock, finding the necessary funds to fulfil these orders can often be a challenge....
Cash flow constraints can hinder growth and limit the ability to take advantage of lucrative opportunities, such as bulk purchasing discounts. However, with the advent of innovative financing...
REQUEST A QUOTE...
In this article, we will delve into the concept of receivables finance and how it can help generate the necessary cash flow for purchasing substantial amounts of stock. We will also touch upon stock...
Receivables finance, also known as invoice finance, factoring or invoice discounting, is a flexible funding solution that allows businesses to convert their outstanding customer invoices into...
In receivables finance, a company partners with a financing provider, such as a bank or a specialised finance company. The process typically involves three parties: the business (seller), the debtor...
Receivables finance offers several advantages for UK-based businesses in need of stock financing:...
In addition to receivables finance, UK businesses can also explore stock financing products that allow them to raise further finance against their existing stock or work in progress. These products...
To qualify for receivables finance and stock financing, UK-based businesses should consider the following factors:...
When considering receivables finance or stock financing, it is essential to partner with a reputable financing provider that understands the unique requirements of your business. Factors to consider...
Financing the purchase of large amounts of stock is a common challenge for many UK-based businesses, particularly those in the manufacturing sector. Receivables finance provides an innovative...
http://www.fundinvoice.co.uk/blog/stock-finance/post/how-to-use-receivables-financing-to-finance-the-purchase-of-large-amounts-of-stock-or-raw-materials.html - Video About Stock Financing
See our short video about stock financing below:...
You can see more about stock finance to raise money against your inventory on our site....
http://www.fundinvoice.co.uk/blog/stock-finance/post/video-about-stock-financing.html - 5 Star Review From A Pest Control Company
We were recently able to assist a pest control company that were seeking a factoring service. One of the best parts of our job is when we receive testimonials from happy clients....
This client gave rated us 5 stars out of 5 and had this to say about the service that they received from FundInvoice:...
"5 stars. The service has been great. Not just for the service they provide but for the way they carry out their business. Not like other companies who chase until they get an answer they present you...
Brilliant to hear such a great review from another growing UK SME that we have been able to help take their pest control business forward to the next level....
Forms of receivables finance, such as factoring services, are ideal if you are fast growing because the amount of funding provided increases in line with you growth. The more invoices you raise, the...
When you are experiencing a period of rapid expansion, you can need to get access to the cash that is tied up in your unpaid sales invoices in order to meet your overheads. These could be costs for...
With factoring, you also benefit from a credit control service to help you collect your outstanding sales invoices. This can mean that a small business owner can focus on sales rather than having to...
http://www.fundinvoice.co.uk/blog/testimonials/post/5-star-review-pest-control-company.html - 5 Star Testimonial From A Composites Manufacturer We Found Invoice Factoring
Testimonials from customers are the best way to promote our business. This is a recent 5-star testimonial that we received from the Managing Director of a composites manufacturing company, that we...
This is what the Managing Director, and owner, of the composites manufacturer, said about the service received from FundInvoice:...
"5 out of 5!"As a result of their knowledge and persistence, Sean at FundInvoice were able to secure Invoice Factoring for us where others had failed. Working in a niche sector and on a complicated...
Wonderful feedback was received from another happy FundInvoice client....
Invoice factoring is a facility that delivers two benefits to clients who use the service. Firstly, it released prepayments against unpaid sales invoices. Secondly, it provides a credit control...
There are other add-on services that can be requested if required. These include bad debt protection, which protects you against customer failures causing unpaid debts....
Composites are materials made from one or more different types of material that when combined, are stronger than the component materials individually. For example, fibreglass is a composite made from...
Manufacturers need to pay suppliers before they receive payment from their customers. They frequently turn to invoice factoring as the cash released from their sales invoices can be used to pay their...
http://www.fundinvoice.co.uk/blog/testimonials/post/5-stars-from-composites-manufacturer-invoice-factoring.html - Amazing Customer Care From An Invoice Finance Broker
"Amazing customer care" is just a snippet from a 5-star review that one of our customers gave us. They had just used our invoice finance broker service to find them a selective invoice finance...
The company in question work within the recruitment sector, providing nurses and carers. A service that is in growing demand, and one that is often funded via invoice financing. This financial...
In addition to rating our service 5 stars out of 5, they also gave us a great testimonial. This is the full review that we received from this customer that used our invoice finance broker service:...
"Fund Invoice was absolutely amazing in assisting us find an invoice company. Once we contacted them within less then 24 hours they connected us with a company. Very fast and a quick response and...
You can see a selection of our other customer reviews here: Testimonials....
We add all the feedback from customers as it is received....
Often customers say that selective invoice finance gives them ultimate flexibility. They can choose to get funding against one invoice, a batch of invoices or all of their sales ledger. Selectivity...
In essence, this service has several benefits. Customers can control the cost of their funding. They only need to fund the invoices that they need paying urgently. In this way, they don't pay...
http://www.fundinvoice.co.uk/blog/testimonials/post/amazing-customer-care-invoice-finance-broker.html - Testimonial From A Care Home Recruitment Company
We were delighted to receive this testimonial, and 5 star rating from a company that we helped find invoice finance last year....
They rated our service 5 stars out of 5 and their Finance Manager, at this care home recruitment company, had this to say about the help that we provided:...
"Last year when we were looking to change an existing factoring facility, Sean was able to come up with an excellent alternative. He made sure he understood our business needs and was guiding and...
We’ve been using the recommended facility for a year now and very happy with all aspects from service to fees. We can recommend Sean and his team to anyone who is looking for invoice finance...
Very positive feedback, that was received without prompting....
Helping recruiters is a key segment that we are involved with. The number of firms within that sector using invoice finance is significantly higher than the average across all industries. We estimate...
There are plenty of specialist financiers that can help with funding for the recruitment sector, and prepayments tend to be higher than for some other sectors. There are a number of common issues,...
If we can help any other recruiters find funding please don't hesitate to call Sean on 03330 113622 or use the contact form on this page....
http://www.fundinvoice.co.uk/blog/testimonials/post/care-home-recruitment-agency-testimonial.html - FundInvoice I Simply Won't Use Any Other Broker.
Satisfied clients are the goal of any business, and it is always great to get positive feedback from customers. We publish ours on our site, without alteration, or omission so that prospective...
It has to be about the most reliable measure of the track record of a company, what past customers say about them. When we are buying services or products, we always turn to the online customer...
A customer of FundInvoice gave us this glowing testimonial:...
"A pleasure doing business with, Sean is extremely attentive,but more importantly gets results and is very accurate.I simply won't use any other broker."....
That has to be the ultimate testimonial - "I simply won't use any other broker", what more could be said of any invoice finance broker! If a customer says that they won't use any of your...
You can read other testimonials and ratings about FundInvoice here: FundInvoice Customer Ratings. At the time of writing, we had an average rating of 4.9 out of 5.0, given to us by the 25 clients...
If you are interested in reading the online ratings that people have given to invoice finance companies, we recently trawled through the web to bring those together in one place (it's worth...
http://www.fundinvoice.co.uk/blog/testimonials/post/i-simply-wont-use-any-other-broker-invoice-finance.html - Some Nice Words About Us From A Food Supply Company
Some nice words that we have received from a prospect that we are assisting....
The company is in the food supply sector, and they have been seeking invoice finance and asset finance, to support the financial needs of their business....
This is what they said about us:...
"Thanks for all your help - if anyone is looking for finance I'll send them your way."....
We always say that the greatest advocacy of a satisfied customer is if they are prepared to recommend other companies to use our service, so this is really great to hear....
Food supply is one of the sectors that is still doing well at the moment. Purchasing food is one of the few essentials that has continued, and indeed increased during the UK lockdown. There was the...
Invoice finance is ideally suited to the manufacture, wholesale and distribution of foodstuffs. It enables businesses to release the cash from their sales, in order to pay for raw materials e.g....
http://www.fundinvoice.co.uk/blog/testimonials/post/nice-words-from-a-food-supply-company.html - Oill Give It Foive
Another top, 5-star rating given to FundInvoice by a client. The company in question is a new start driver hire company....
This is what our client said when asked to rate our service out of 5 possible stars:...
"Are you old enough or aware of the phrase "I'll give it Foive""...
Well, I had to do a little digging (it's rare for me to be called too young these days!), but I believe that quotes Janice Nicholls, whose catchphrase was "Oi'll give it foive", on "Thank...
We are always pleased to receive the top rating from any of our clients, and we pride ourselves on providing a high-quality personal service to search for invoice finance, rather than acting like a...
Driver hire is a part of the temporary recruitment labour market. Providing temporary drivers to sectors such as the haulage industry. The temps may drive HGVs (Heavy Goods Vehicles - lorries), or...
One of the issues that sometimes arises is finding funding against RPO debtors. This is something that we have enjoyed a great deal of success with. If you are having problems finding funding limits...
We don't charge you to use our service, instead, we receive a commission from the funder if you go ahead. We also have an impressive track record of finding cost savings for customers against...
http://www.fundinvoice.co.uk/blog/testimonials/post/oill-give-it-foive.html - Predictive Black
Occasionally we asked to provide some industry information and insight to parties that are seeking to provide tools to the invoice finance companies that will help them better manage their portfolios...
This was the comment I received from Predictive Black after the video conference:...
"Thanks you again for the time today. We really appreciate the insight you provided on the market."...
It's always great to get positive feedback, and we try to help organisations that are bringing new offerings to the invoice finance market....
I had a video conference with Zitah McMillan and Mike Valadakis of Predictive Black. They have a superb piece of software that enables businesses to track and model their cash flow. It also provides...
The software uses machine learning to analyse data from a wide range of different sources, including open banking, and presents a composite analysis to the user. There are video demonstrations on...
The platform is available to medium to larger sized companies, that need that type of comprehensive cash flow planning tool, but there would also seem to be scope for it to be used by the invoice...
If any of the invoice finance companies would like to know more, you can:...
REQUEST A CALL FROM PREDICTIVE BLACK ...
They will arrange for you to see a demonstration of the full range of their capabilities....
http://www.fundinvoice.co.uk/blog/testimonials/post/predictive-black.html - Prompt Efficient Invoice Finance Broker Service
"Prompt, efficient" invoice finance broker service, was the essence of a recent review from a timber supplier that we were able to help....
This was what a recent client had to say about the invoice finance broker service that they received from FundInvoice:...
"Prompt, efficient service with good advice and found a suitable finance provider for our needs"....
This testimonial was received after we were able to successfully help them find an invoice finance facility. In this case, we helped them secure funding from a provider that are part of a large,...
We were really pleased to hear that review, and what's more, they rated our service 5 stars out of a possible 5 - the very top rating that they could give. Overall, at the time of writing we...
Often we are able to find clients better rates or terms, than they have been able to find themselves. That is why we consistently deliver cost savings to our clients. We deal with invoice finance day...
This knowledge enables us to deliver an invoice finance broker service that benefits our clients. We can normally save them money on quotes sourced elsewhere, and we have been able to help many...
http://www.fundinvoice.co.uk/blog/testimonials/post/prompt-efficient-invoice-finance-broker-service.html - Feedback From Care Staff Recruitment Company Using Select Invoice Finance
Nice piece of feedback received from the Managing Director of a care recruitment business that we found a select invoice finance facility for, some time ago....
After following up to see how things were going, we received an email saying the following:...
". . . thanks for checking in. Again, your input has helped massively throughout this whole journey."....
Great to get such positive feedback....
GET A FREE FUNDING QUOTE...
The benefit of a select invoice finance facility is that it means:...
Selective funding is a very flexible way to operate, and it still gives you all the cash flow benefits of receiving prepayments against unpaid debtor invoices. In the case of recruiters, such as this...
The alternative to selective facilities is what we term whole turnover, or a revolving line of credit / credit line style facility....
With these facilities you submit all your invoices (this can be really easy e.g. via an automated sales ledger upload in some cases), and you therefore get the maximum level of funding against your...
Read our: Free Guide To Invoice Financing Options...
http://www.fundinvoice.co.uk/blog/testimonials/post/review-select-invoice-finance-care-staff-recruitment.html - Testimonial From Advantedge North
Testimonials are what many customers look for before dealing with a company. In addition to collecting customers testimonials we also receive them from some of the funders that we deal with....
Below is a great example that was received from Dominique Upton at Advantedge Commercial Finance (North) Ltd, as part of her support for us in the Business Moneyfacts awards 2021....
This is an extract of what Dominique said about Glenn Blackman and Sean Morrow, the Partners at FundInvoice:...
"Sean and Glenn are extremely knowledgeable and build a fantastic relationship with their clients. Of all the brokers I deal with they are the most conscientious in delivering the best facility to...
FundInvoice are definitely worthy of the nomination and in my eyes are clear winners . . . Whilst commissions are a given this is of minimal importance to FundInvoice as long as the client has the...
It's always great to get feedback from the finance companies that we deal with. We are of course focused on our clients, we are also providing a service to the funders....
We were very pleased to receive such a nice testimonial from Dominique. It was very much welcomed and is reflective of the ethos that we adopt in our approach to helping our clients....
We capture feedback from both the customers that we deal with and the finance companies that we place those customers with. That way we get 360 degree feedback about the service that we are providing...
http://www.fundinvoice.co.uk/blog/testimonials/post/testimonial-from-advantedge-north.html - Top Rating For Invoice Finance From A Recruiter Supplying Nurses To NHS Trusts And Carers
Helping people is key to the nursing and care sector, and we were pleased to be able to help one company that supplies nurses and carers to NHS Trusts and residential homes. They were so pleased with...
Our client works in the recruitment sector handling both temporary staff placements and candidates for permanent roles. They specialise in several sectors, health and social care, hospitality and...
The invoice finance facility that we found them was provided by an independent invoice financier. The funder has a reputation for being very flexible in the support and funding that they provide to...
This was what they had this to say in their feedback to us:...
"Everything with [INVOICE FINANCE COMPANY] has been great. Their on boarding was so good....
"I have really enjoyed my experience. Everything is so easy and my account manager is great. Very good communication as well!...
"Thank you so much for the introduction."...
We were really pleased that our client is so happy, and we were also pleased to be able to support such vital work. Invoice finance (often called Payroll Finance) can be a huge help to staff...
http://www.fundinvoice.co.uk/blog/testimonials/post/top-rating-for-invoice-finance-from-recruiter-nurses-nhs-trusts-carers.html - The Benefits Of Using A Trade Finance Broker
Demonstrating the advantages of using brokers, we saw a real example of the benefits of using a trade finance broker, in action....
We had a trade finance enquiry recently, from a company that was looking for a trade finance facility in order to fund imports to the UK....
REQUEST A TRADE FINANCE QUOTE...
Initially, the company used one of the direct contact forms on our site, to request a quote direct from one of our panel of trade finance companies. So by using this method of contact i.e. randomly...
That may be ideal for companies that know who they want to get a quote from, but in this case, it did not work for the client....
The particular provider selected by the client, was unable to help, due to their criteria regarding the clients that they will handle. Therefore, the client was declined for trade finance, by that...
Unless you know who to speak to in the market, this is a scenario that could be repeated over and over again, if a company were to randomly pick providers for these kinds of services. As we have said...
Not every supplier is the same and hence you have to select someone whose modus operandi is a good fit with your business. You are unlikely to be able to do this by choosing suppliers randomly from...
Fortunately, the client had also completed a contact request for FundInvoice, so we were able to call them and offer them our trade finance brokerage service....
This has resulted in us being able to select providers that will be able to help them, and we have been able to make a successful introduction to a trade finance company that will be able to provide...
This example is a real example of getting approved by using a brokerage demonstrating the benefits of using a trade finance broker....
http://www.fundinvoice.co.uk/blog/trade-finance/post/benefits-of-using-a-trade-finance-broker.html - Bibby Financial Services Launch Pre-Shipment Trade Finance
Bibby Financial Services (BFS) has launched pre-shipment trade finance to support UK importers needing to pay overseas suppliers in advance of goods being manufactured and shipped....
REQUEST A CALL FROM BIBBY...
Traditionally, trade finance is only available to pay overseas suppliers, once the goods have been shipped. It then provides the importer with the opportunity to sell on the shipment of goods, in...
This new service from Bibby accelerates the funding cycle by allowing importers to access this type of finance much earlier in the manufacturing cycle. This improves cash flow and can enable UK...
This change from the traditional funding model has been made in the light of changes to supply-chain relationships, in the wake of the Brexit referendum....
If you would like more information about trade financing generally, we have more specialist trade finance information on our website. Alternatively, please call Sean on 03330 113622 to discuss your...
You can use the link at the top of this post to contact our funding partners, Bibby Financial Services, directly about their pre-shipment trade finance....
http://www.fundinvoice.co.uk/blog/trade-finance/post/bibby-pre-shipment-trade-finance.html - Are There Fewer Trade Finance Companies
Importers often turn to trade finance (TF) as a way of paying their suppliers. The trade finance house will pay the supplier (normally once evidence of having shipped the goods is provided) and then...
Whilst there may have been some providers leaving the market, there are still options available for those looking to finance their supply chain, or import goods from abroad....
APPLY FOR TRADE FINANCE...
Often, TF providers will look to confirmed orders from large end users as security for the transactions, but it can also be written on the strength of the importers themselves. For example, if you...
We had a meeting with a colleague from one of our funding partners, who had been active in the trade finance sector through previous employers. He mentioned how few providers now service the UK trade...
A couple of the other providers may have changed their appetite for TF. One is now seeking larger multi-million-pound facility deals only and the other is rumoured to have lost some of their...
However, there have been some positive moves to balance the situation. Previously, Bibby launched their Pre-Shipment Finance, to help importers get even earlier access to funding. We also reported on...
4Syte rebranded, including a distinct new 4Syte Trade branding for their import funding services....
So whilst there have been some that have moved away from this type of funding, there are others that are still open to funding new clients....
http://www.fundinvoice.co.uk/blog/trade-finance/post/fewer-trade-finance-companies.html - Financing To Overcome Supply Chain Problems
Resourcing supplies to overcome supply chain problems is something that many UK businesses have had to face. This can create the need for new financing to overcome cash flow problems if a purchaser...
REQUEST A QUOTE...
Recently, just about everyone in the UK has been affected by global supply chain problems. Choices in supermarkets have been curtailed and in some instances, purchasing limits have been introduced....
This has led some companies to rethink their supply chains. Instead of importing goods or raw materials from abroad, some are looking closer to home - even within the UK for new suppliers....
This change in resourcing can solve the supply problems but it can also create other cash flow issues. For example, importers may have credit accounts in place with existing suppliers but not with...
Fortunately, there are some supplier finance solutions at hand....
Firstly, some trade finance facilities can be offered in respect of both imported goods and purchases within the UK. You can use this purchase finance for UK supplies instead of using overseas...
These types of financing can take the place of having a trade credit account with your suppliers. You will still enjoy the same (or even more) of a credit period. However, it is a trade finance...
Therefore, if you have had to rethink your supply chain to combat delays, there is financing available to help you make that transition without affecting your cash flow....
http://www.fundinvoice.co.uk/blog/trade-finance/post/financing-to-overcome-supply-chain-problems.html - Funding Alternative Suppliers Due To Coronavirus
Previously I have written about the impact that the UK's efforts regarding coronavirus related stockpiling placed upon UK suppliers. Specifically, those who receive large orders that overstretch...
However, we had an interesting conversation some time ago with an existing client who had identified a different problem relating to the novel coronavirus outbreak....
This particular issue was with a supply chain that involved a supplier in China, who was no longer able to provide the shipments of products required. Others may be experiencing similar...
Whilst they could find other providers, they did not have a track record with these suppliers, so they were not being offered the credit terms they usually enjoyed....
Therefore, there was a trade finance facility requirement to fund the purchase of products from alternative suppliers overseas.The way that trade finance products work is that they bridge the gap...
If you are experiencing similar problems, don't hesitate to get in touch with Sean on 03330 113622 and we will do our best to help you source the trade finance, and/or factoring arrangements,...
http://www.fundinvoice.co.uk/blog/trade-finance/post/funding-alternative-suppliers-due-to-coronavirus.html - How To Increase Your Buying Power
If you are in a position where you could accept more orders if you were able to buy more goods, you may want to know how to increase your buying power. We have a solution called trade finance, a...
You may even be able to negotiate pricing discounts with suppliers if you have access to additional purchasing capital so that you can pay on cash terms, or buy in larger quantities....
The way the service works is that you order goods from your supplier (they can be based abroad or in the UK). the finance house guarantees payment by way of a Letter of Credit or Supplier...
After you receive the goods you can either repay the finance from your own funds or you can link your trade finance facility to a factoring arrangement, such that the factoring will repay the trade...
The benefits of this kind of purchase finance facility are that:...
http://www.fundinvoice.co.uk/blog/trade-finance/post/hot-to-increase-your-buying-power.html - Meeting With A Trade Finance Company
We had an interesting meeting with a trade finance company today. They serve the more credit-worthy end of the market but do so without any security whatsoever i.e. no personal guarantees or other...
http://www.fundinvoice.co.uk/blog/trade-finance/post/meeting_with_a_trade_finance_company.html - Paying Overseas Suppliers By Letter Of Credit LC
A "letter of credit" is a financial instrument issued by a bank or similar financial institution that requires the supplier of goods to submit specified documents in order to receive a specified...
This gives the overseas supplier the confidence to ship your goods knowing that they will be paid if they satisfy the requirements of the letter of credit and it gives the buyer the confidence to...
Typically a letter of credit might require the supplier to present shipping documents such as a bill of lading or airway bill, insurance documents, if appropriate, and documents to evidence the goods...
You can establish a letter of credit via a bank or a trade finance house. If you establish one via a bank you may have to provide cash cover unless you have a trade finance facility. Trade Finance,...
A trade finance provider will issue the letter of credit and either grant you a period of credit to repay the cost of the LC or the facility can be repaid from the proceeds collected from your...
http://www.fundinvoice.co.uk/blog/trade-finance/post/paying-overseas-suppliers-by-letter-of-credit-lc.html - Pre Invoicing Requires Trade Finance
Pre-invoicing is normally a "no-no" in the invoice finance arena but in this case, we found a way around it for our client....
It means that the supplier is raising their invoice, to their debtor, before they have delivered the goods (or services) to which the invoice relates. The normal course of business would be to raise...
Normally, pre-invoicing presents a huge problem to an invoice financier as they rely on the invoices being collectable, in order to recover their prepayments should they need to. The problem with a...
Due to these issues, debtor finance companies get very jumpy when they identify pre-invoiced transactions on a client's sales ledger. With factoring, this can often happen when a credit...
Despite this, raising invoices in advance of completing delivery can often be a step taken in the interest of practical cash flow management. In some cases, debtors may be quite happy with this, and...
This was the case with a client that was able to help recently. They were importing timber from abroad and so needed to pay their supplier before they would ship the containers of timber. Their...
The answer was pretty simple. This client was an ideal candidate for trade finance, linked to an invoice finance facility. Trade finance (also called import finance) bridges the gap between having to...
Import finance can work hand-in-hand with invoice finance, significantly extending the time that the importer has to pay their overseas supplier. This type of end-to-end supply chain finance takes...
REQUEST A TRADE FINANCE QUOTE...
http://www.fundinvoice.co.uk/blog/trade-finance/post/pre-invoicing-trade-finance-international-finance-corporation.html - Resilient Financing for SMEs Navigating Supply Chain Shifts Post COVID and Brexit
The landscape of supply chain management is undergoing a seismic shift in the wake of COVID-19 and Brexit, compelling businesses to reassess their operational strategies. Particularly for small and...
Historically, JIT has been the linchpin for SMEs, minimising stock holding costs and enhancing efficiency. However, current global disruptions – from supply slowdowns in China to geopolitical...
As a direct consequence of these supply chain disruptions, the costs of essential goods are escalating rapidly. Companies are now compelled to purchase stock earlier than usual to hedge against these...
In this new era, where stock holding becomes a necessity rather than a choice, innovative financial solutions become crucial. Our role as financial brokers is to bridge this gap, offering tailored...
The shift from JIT to increased stock holding, while challenging, opens new avenues for strategic financial planning. By leveraging the right mix of invoice finance, stock finance, and business...
http://www.fundinvoice.co.uk/blog/trade-finance/post/smes-navigating-supply-chain-shifts-post-covid-brexit.html - Trade Finance and Import Finance
Trade Finance (or import finance) can be used to finance imports from abroad into the UK. You can even repay the trade finance using your sales invoices via invoice finance - a very neat solution for...
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade-finance-and-import-finance.html - Trade Finance Article
Trade Finance can be used to finance the import of goods from abroad and bridge the gap between having to pay your supplier and receiving/selling the product. This article is about: Trade Finance...
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade-finance-article.html - Trade Finance Available
Trade finance can work in a number of ways but in simple terms, it bridges the gap between having to pay for goods (often shipments of imported goods) and getting paid for them by your buyers, once...
Fortunately, the current position in the economic cycle is such that trade finance is again becoming increasingly available, and we have a number of funding partners on our panel that now offer these...
Please see our guide to trade financing support for importers and exporters....
If you have been asked to seek alternative trade financing facilities as your existing supplier is no longer prepared to fund, we may be able to help you....
If you would like more information, or a quote to understand the pricing for your company, please speak to Sean on 03330 113622....
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade-finance-available.html - Trade Finance Can Fund Your Imports From Abroad
If you are an importer of goods from abroad trade finance could help you fund and pay for those imports and shipments....
If you have confirmed orders from well known debtors against which you are importing goods into the UK, trade finance could make the payments to your overseas suppliers for you (by letter of credit...
If you want credit control help collecting in your sales invoices the trade finance house can also provide that in addition to bad debt protection if you want that option....
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade-finance-can-fund-your-imports-from-abroad.html - Trade Finance For UK Purchases
Trade finance is often presumed to be a service solely for importers, it is often referred to as "import finance". However, it can also be used to help you purchase goods from suppliers who are based...
GET A QUOTE FOR TRADE FINANCE...
Trade finance for UK purchases can be just as helpful to your cash flow, as it is to importers. It allows you to pay your supplier terms, for goods provided to you, whilst you enjoy a credit period...
You can access this kind of finance based on the financial strength of your business (which can enable you to purchase to stock) or you can combine purchase order finance with factoring - such that...
You can read a full explanation of how trade finance works and we would be happy to put you in touch with providers that can help you finance purchases from within the UK (as well as those from...
You might also be interested to read a recent case study about the benefits of using a trade finance broker to find you the right facility, even in a situation (such as the one explained in the...
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade-finance-for-uk-purchases.html - Trade Finance Quotes
We are currently working on trade finance quotes for customers and we will shortly be adding some more details of recent costings to our website. On the FundInvoice site we have always tried to bring...
It is a difficult product to price, as the fees are often dependent upon the exact nature of the service that the client wants. Many facilities work successfully in conjunction with factoring, such...
This is the type of financial arrangement that can help you to start a business with very little of your own capital. All you need is a source of supply for the goods, and confirmed orders from good...
In the past I have worked with an importer of frozen food that received shipments from abroad, placing back-to-back orders with their supplier against confirmed orders from their customers.. The...
http://www.fundinvoice.co.uk/blog/trade-finance/post/trade_finance_quotes.html - Woodsford Tradebridge Launch Event
I was very pleased to be invited to the launch party for Woodsford Tradebridge which was held last night, on the iconic London Eye. A superb venue for such an event. The event took place during 2...
Woodsford Tradebridge is a new trade finance and invoice finance company that have just launched, as a new venture within the established Woodsford group....
The event was held on the London Eye and was attended by various brokers and Introducers from around our industry, with Woodsfords getting confirmation of a deal having gone live just as we boarded...
Woodsford have an interesting approach, connecting invoice finance to trade finance such that the IF repays the advance from the TF, significantly extending the time for which the client enjoys...
This type of arrangement can work well if you have orders for the product being imported, however they can also finance in cases where the client wants to buy for stock, rather than to confirmed...
The prime movers in the new venture are well know, experienced individuals, that previously worked for other trade and invoice finance companies within our sector....
If you are looking to finance an import you can REQUEST A CALL BACK from Matt Speed at Woodsford Tradebridge, to discuss your requirements using our direct contact system....
http://www.fundinvoice.co.uk/blog/trade-finance/post/woodsford-tradebridge-trade-finance-launch.html - Selectively Funding The Invoices Of A Courier Logistics Company
Selectively funding the invoices of a courier logistics company can be a step towards dramatically improving the cash flow of a transport company. In this case study, we were able to arrange such a...
Within the transport sector companies typically carry high operating costs for fuel, vehicle maintenance and staff. The rising cost of fuel can be a particular issue and there is also typically a...
See also: Transportation Factoring Companies....
One particular courier logistics company was seeking to selectively finance some of their invoices to release cash when they needed it. Selection of invoices means that not all transactions need to...
In this case, our client did not want the directors of their business to have to give personal guarantees to the finance company. This would mean that their personal assets could be at risk if the...
FundInvoice was able to find this client a facility with a provider that could selectively fund individual invoices that they choose to submit for financing. Additionally, the funder was prepared to...
http://www.fundinvoice.co.uk/blog/transport/post/courier-logistics-company-funded-selectively.html - Video Negotiating Favourable Terms In Invoice Financing
Negotiating favourable terms in invoice financing is addressed in the following video clip:...
This short video covers negotiating favourable terms in invoice financing....
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For more pricing information see our Example Costs....
http://www.fundinvoice.co.uk/blog/videos/post/video-about-negotiating-favourable-terms-in-invoice-financing.html - Video About Buying A Bust Company Back
Here is an explanation of how to buy a bust company back from a Liquidator or Administrator:...
This short video covers buying a bust company back after insolvency proceedings....
For more help please:...
GET A QUOTE NOW...
For more information about how this works see our Pre-Pack Finance guide....
http://www.fundinvoice.co.uk/blog/videos/post/video-buying-a-bust-company-back.html - Video Answers Can It Take Ages Then Get Declined For Business Finance
This video answers whether it can take ages on the phone to give information, and then you still get declined for business finance. Here is why that's not the case and its 10 minutes max:...
The video above answers the question "Can I spend ages giving information and still get rejected for business finance?"....
For options please:...
GET A QUOTE NOW...
Or call us on 03330 113622....
For examples where we have given help and support to companies that have been rejected, please see this article, help when declined for business finance....
http://www.fundinvoice.co.uk/blog/videos/post/video-can-it-take-ages-then-get-declined-for-business-finance.html - Video Discusses The Cost Of Using A Finance Broker
This video discusses the cost of using a finance broker to find services such as invoice financing and factoring:...
For additional information about the cost of invoice financing and the potential savings of using an invoice finance broker please see the linked articles....
http://www.fundinvoice.co.uk/blog/videos/post/video-cost-of-using-a-finance-broker-to-find-invoice-finance.html - Video Explaining The Difference Between Invoice Financing And Receivables Financing
This video explains the difference between invoice financing and receivables financing:...
For further information about the differences between these products please see our receivables financing guide....
http://www.fundinvoice.co.uk/blog/videos/post/video-explaining-the-difference-between-invoice-financing-and-receivables-financing.html - Video About How Long It Takes To Raise Business Finance
A video about how long it takes to raise business finance:...
To access our quick quote search and fast process to find business finance contact FundInvoice now on 03330 113622....
http://www.fundinvoice.co.uk/blog/videos/post/video-how-long-it-takes-to-raise-business-finance.html - Video About Raising Capital To Finance Business Expansion
Here is a video about raising capital to finance business expansion:...
This short video explains a simple way to raise capital to finance the expansion of your business....
GET A QUOTE NOW...
If you want to raise capital to take over a business see our related article....
We have also produced a comprehensive Growth Guide with includes tips on company expansion and growth....
http://www.fundinvoice.co.uk/blog/videos/post/video-raising-capital-to-finance-business-expansion.html
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